Israeli Bank Offers Cashback for Stock Trading to Young Investors
Translated & summarized from TheMarker by baba
The International Bank is offering young investors the ability to use credit card reward points for stock trading, up to a limit of NIS 1,200 annually. This initiative aims to retain young clients amidst increasing competition in the financial sector. Significant credit card usage is required to maximize the benefit.
The story in 5 lines · by baba
- The International Bank is offering young investors cashback for stock trading.
- Customers can use credit card reward points for capital market transactions.
- The annual benefit is capped at NIS 1,200.
- Significant credit card usage is necessary to reach the maximum reward.
- The offer intensifies competition for young investors in Israel.
The International Bank (Leumi) has launched a new incentive aimed at retaining young investors by allowing them to use credit card reward points for trading securities. This new offer enables customers to convert accumulated points into cash for use in capital market transactions through the bank.
The benefit is capped at NIS 1,200 per year. To reach this maximum accumulation, customers will need to demonstrate significant usage of their credit card. This move by the International Bank escalates the ongoing competition among financial institutions to attract and keep younger clients in the investment market.
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