NIBL, Visa associate member banks announce cash back offer

As part of its ‘Card Loyalty Programme’, Nepal Investment bank Ltd (NIBL) and its Visa associate member banks on Sunday launched a campaign to offer its visa domestic cardholders access to exclusive cash back rewards when using their Visa debit or credit cards for all purchases.
The initiative comes in the context of these banks’ effort to boost card usage for payments of goods and services in Nepal, according to a press note issued by the banks. “This programme has been specifically designed to move the Nepali economy into a less cash using society and encourage customers to use their Visa Debit/Credit cards and redeem cash back in the easiest way into their accounts,” it reads, adding that cardholders, who purchase goods or services by using visa domestic debit/credit cards issued by these banks will receive cash back reward as below. However, the cardholders need to perform transaction up to Rs 500.00 to be eligible for this programme, it adds.
With certain terms and conditions applied, these banks will provide Cash Back offer into their cardholders’ accounts on the following day of purchases made by their Visa debit and credit cards.
Cardholders of Century Bank., Global IME Bank, Kumari Bank, Mahalaxmi Development Bank, Mega Bank Nepal, Muktinath Bikash Bank, NCC Bank, Nepal Investment Bank, Rastriya Banijya Bank, Sanima Bank and Tourism Development Bank will be benefited under this programme.