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cib

CIB and Souq.com Offer Terms and Conditions

  • 15% discount to all CIB cards capped at EGP 150 with no minimum required purchase value.
  • The offer is valid for up to 2 transactions on a CIB card per Souq.com customer (excluding Corporate and Visa Business Platinum Cards)
  • The offer applies to all items purchased using the Souq.com app or website
  • The offer cannot be used in conjunction with other promotions or voucher codes
  • This promotion starts August 19th and ends August 25th 2019.

Credit Cards Installment Payment Plan Terms & Conditions

Installment Payment Plan is a service which allows our customers to convert credit card purchases using CIB Credit Cards into installments with zero interest based on the tenor agreed upon with Souq.com

  • CIB credit cardholders enjoys the option to pay in interest-free instalments up to 12 months.
  • The offer of interest-free instalments over 6 and 12 months is valid till 5th of September 2019.
  • The service is provided through Souq.com website and application
  • The credit cardholder has to click the zero interest installments box on the merchant website before processing the transaction
  • The minimum transaction amount is 500 EGP
  • The zero interest installments tenors are 6 and 12 months
  • There are no maximum number of enrollments in Installment Payment Plan service as long as they are within the card’s credit limit
  • The first installment is due on the next month of enrollment. Example: if the customer applied for Installment Payment Plan in March the first installment will be due in April
  • The installment is posted as part of the amount due, which is the installment/s plus the minimum amount due out of total non-enrolled balance in Installment Payment Plan-if any
  • The cardholder should abide with the monthly installments as if the principal amount of the Installment Plan is settled before maturity date, the service will be automatically cancelled
  • This service will not be available if the card is over limit and/or delinquent and/or suspended cards, while active services might be automatically cancelled for the same reasons
  • The transaction may not be eligible for installment based on the terms and conditions of CIB installment payment plan
  • The refunded transactions do not cancel the enrolled transactions in the installment plan. The customer must contact the call center on 19666 to proceed with the cancellation process