10% Cashback on Education Fees Campaign

Terms & Conditions

1. All existing and new Sharjah Islamic Bank (SIB) Mastercard Covered Cardholders are eligible for promotional offer for School / University fee payments

2. All school/ university fee transactions done at (point of sale) or online using SIB Mastercard Covered Card where merchant category is school/university under merchant category code 8299, 8211 & 8220 as defined by Visa/Mastercard will qualify for the cashback offer and Easy Pay installment plan

3. School / University payments made directly through SIB Mobile App (SIB Digital App) or Online Banking will not qualify for cashback offer

4. Customer can convert School/ University fee transactions into 0% profit Easy Pay installment plan of up to 12 months when paid using SIB Mastercard Covered Card, within 30 days from the transaction date

5. Customer can opt for 0% profit Easy Pay installment plan through SMS by sending “EDU” to 6667 or call SIB contact center

6. Cash Transactions, Quasi Cash Transactions, installment products – Easy Cash, Balance Transfer are not included in this offer

7. School / University fee transactions on the SIB Mastercard Covered Cards in the form of reversals, refunds or disputed purchases during the campaign period will be deducted from the qualifying spends for the cashback offer

8. Cashback rewards are capped at per customer up to AED 1,000 for total transaction amount AED 25,000 or above and AED 500 for total transaction amount less than AED 25,000, irrespective of multiple cards being used for qualifying purchases. For instance, customer used both Smiles Covered Card and Cashback Covered Card, then cashback across both Covered Cards will be combined and capped to maximum of AED 1,000 or AED 500 per customer as per eligibility.

9. Cashback will be credited to qualifying active card account on or before 30th Nov 2024, subject to customer meeting the required spend criteria within the specified time frame

10.School/ University fee payment transactions made through supplementary Covered Cards will be clubbed with the linked primary Covered Card to calculate the overall qualifying transaction amount for the offer

11.Only qualifying transactions executed, settled and posted in the SIB Covered Card account during the campaign period will be considered for this offer. The bank shall not be responsible for any delays caused by merchants for clearing any transactions with the bank

12.SIB is not responsible for transactions that does not get captured under the appropriate merchant category code nor accepts any responsibility for refusal of acceptance of the Covered Card for any reason whatsoever. 13.Delinquent or blocked Card customers during the promotion period will not be eligible for this offer

14.Any dispute regarding promotional cashback offer should be raised within 6 month from the campaign end date

15.Promotional cashback offer can be withdrawn at any time without prior notice at the sole discretion of SIB