Terms and Conditions

1. Commercialbank(s) ‘Buy now, Pay Later’ Instalment Plan ("CIP") is the instalment facility of The Commercialbank of Qatar (Q.S.C) ("Cb"), which allows a Cb credit cardholder ("Cardholder") to purchase selected goods and services from accredited CIP merchants in Qatar using their Cb credit card ("the Card") and pay for the same, together with applicable interest and other fees, on instalment basis. In certain instances or promotions, Commercialbank may, at its sole discretion, allow the Cardholder to convert into instalment transaction purchases made using the Card at non-accredited CIP merchants.

2. The Program is valid only at the designated/participating merchant locations, as communicated by the program and revised from time to time

3. By making a transaction under this program, the customer agrees to pay in equal monthly instalments covering the total amount of the purchase.

4. The Cardholder acknowledges that the fixed monthly instalment amount from the purchases using the instalment program shall be posted to the cardholder's monthly statement of account as a regular transaction forming part of the Total Outstanding Balance over the term or repayment period chosen by the Cardholder, and will be included in the computation of the Minimum Amount Due for each statement period.

5. If the Cardholder pays the Minimum Amount Due or any amount less than the Total Outstanding Balance on his/her Payment Due Date, such payment shall be applied to the fixed monthly instalment only to the extent that the same forms part of the Total Outstanding Balance. The fixed monthly instalment or such remaining unpaid portion thereof shall be included in the revolved amount that will be carried over to the next statement period. As a result, the Cardholder shall be liable to pay finance and other charges levied by Commercialbank thereon, over and above applicable interest due on the instalment transaction. The finance charges, at Commercialbank(s) prevailing rate, will be levied using the average daily balance method upon the Cardholder's opening balance and all new transactions posted, including any applicable fixed monthly instalment amount and interest thereon, within the statement period accrued from the transactions' posting date until the end of the current statement period.

6. Customer should have a sufficient credit line to cover the full value of the transaction. Customers available to buy credit limit will be reduced by the amount of the purchase

7. Offer is applicable to purchases not less than QR 1000 at the designated merchant locations or a value that is determined by the participating merchant from time to time.

8. Cardholders have to declare their will to make a transaction under this program and sign an acceptance on the charge-slip at the merchant location.

9. This program cannot be used in conjunction with another promotion done by the merchant establishment.

10. The participation in the Program is entirely voluntary and it is understood, that the participation by the Card Holder/s shall be deemed to have been made on a voluntary basis.

11. In all matters relating to the Program, the decision of Commercialbank shall be final and binding in all respects.

12. The terms and conditions governing the Program shall be in addition to and not in substitution / derogation to the Primary Terms and Conditions governing the credit card.

13. Commercialbank holds out no warranty or makes no representation about the quality, delivery or otherwise of the goods and services offered by the Merchant Establishments. Any dispute or claim regarding the goods and services must be resolved by the Card Holder/s with the Merchant Establishment directly without any reference to Commercialbank.

14. Commercialbank shall not be liable in any manner whatsoever for any loss/ damage/ claim that may arise out of use or otherwise of any goods/ services availed of by the Card Holder/s under the Program.

15. Commercialbank reserves the right to modify/ change all or any of the terms applicable to the Program without assigning any reasons or without any prior intimation whatsoever. Commercialbank also reserves the right to discontinue the Program without assigning any reasons or without any prior intimation whatsoever.

16. Commercialbank reserves the right to disqualify any Merchant Establishment or Card Holder/s from the benefits of the Program if any fraudulent activity is identified as being carried out for the purpose of availing the benefits under the Program or otherwise by use of the Card at an Commercialbank terminal.

17. The Program is applicable for the Primary Card Holder/s as well as the Add-on Card Holder/s.