Doha Bank Lulu Credit Card - Some fine print

I recently applied for Doha Bank Lulu Credit Card and they gave me not only Lulu Credit card but also a dream card. A Doha Bank employee came to my office and collected all the documents and took sign on the forms. Once I received the card and got it activated, I came to know couple of things which were not mentioned anywhere before:

1. There is a Credit Card Cancellation charge of QAR 300 on Doha Bank Lulu Credit Card and QAR 150 on Dream Card as told by the Call Center representative of Doha Bank. Even though I don't use the card and want to cancel it.

2. By default I cannot make 100% repayment of my credit card balance. Only 3% is recovered by Doha Bank on a monthly basis. This in turn results in paying hefty interest on the balance amount. If I want to make payment of 100% of my credit card balance then I need to visit the branch and sign a separate form for this purpose.

Both of these conditions are very strange and don't know if QCB allows banks to charge credit card cancellation fees and also of fooling customers on their repayment schedule.

So be careful next time when you apply for Doha Bank credit card, just enquire on these two things as the sales person of Doha Bank won't tell you this.

Thanks,
Sanjay

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