Aldar Academies, one of the largest providers of private, world-class education in Abu Dhabi, in partnership with the National Bank of Abu Dhabi, NBAD, has launched the new NBAD Aldar Academies Visa Platinum Credit Card, enhancing the ease of tuition payment for parents. The card allows parents to pay yearly fees and other school related payments in 18 easy installments at 0 percent interest with no extra cost throughout the year.

The card also aims to encourage financial responsibility among children with a feature that links a pre-paid card to a credit card in a child's name. For children to learn about saving and spending money wisely, parents can apply a daily spend limit and monitor their child's transactions via SMS message alerts.

Commenting on the launch, Nilay Ozral, Chief Executive Officer, Aldar Academies, said, "With the launch of the NBAD Aldar Academies Visa Platinum Credit Card, we aim to not only give parents the convenience of paying tuition and education related fees in installments, but also an opportunity to educate children about financial responsibility from an early age. At Aldar Academies, we are committed to providing the highest quality education and as part of this we also strive to teach children about real-world responsibilities such as money and finance. We believe that the cards are an excellent way to offer a controlled and manageable experience to both parents and students."

Navneet Dave, Executive Director of Cards Business at NBAD, said, "We are delighted to partner with Aldar Academies for the NBAD Aldar Academies Visa Platinum Credit Card. In addition, the new card has some great benefits such as the Child Education Protection Plan, complimentary airport transfer services, and redeemable Etihad Guest Miles, Skywards Miles from Emirates, and flydubai e-vouchers for every AED 1 purchase, among others."

Marcello Baricordi, General Manager UAE and Global Accounts Lead at Visa Inc. MENA., said, "At Visa, we strive to enable consumers to use digital currency in a safe, secure, and responsible way. The new NBAD Aldar Academies Visa Platinum Credit Card is an excellent example of our culture of innovation, allowing Aldar Academies to offer the very best in ease of payment for tuition fees, while simultaneously providing students an opportunity to learn through first-hand experience how to make sound financial decisions."

NBAD stands will be located in every school until May 12th, allowing parents to interact with an NBAD representative. Parents can also enter a draw where 12 lucky cardholders can win back up to 50 percent of their tuition fees.
 

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