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Gulf Bank review

Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026

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Our verdict

Gulf Bank suits customers in Kuwait who want a credit card with points rewards and a savings account in one place. Borrowing is priced at 8.33%, the easy access savings account opens from a deposit of KWD 500, and the bank has traded since 1960.

Key facts

Best for
Kuwait residents who want a credit card, points rewards and easy access savings under one bank.
APR
8.33%↗
Rewards type
Points↗
Card kind
Credit↗
Legal entity
Gulf Bank KSCP↗
Headquarters
Kuwait↗
Founded
1960↗
Support channels
Email, Phone, Help-centre↗
Pricing model
Fixed rate
Features
Rewards
Official website
e-gulfbank.com

Loans

Loan amount
KWD 25,000↗
Term
12 to 60 months↗
Rate type
Fixed↗
Lender type
Direct lender↗
Loan types
Personal↗

Savings

Headline rate
0.025%↗
Minimum deposit
KWD 500↗
Access terms
On-demand access, no withdrawal limit, KD only, interest credited monthly↗
Account kind
Easy access↗

Debit cards

Card type
Debit↗

Mortgages

Initial rate
6.5%↗
Purpose
Purchase↗

Facts checked September 26, 2026, 11 sources

Apps and profiles

Get the app
App Store
Elsewhere
WikidataWikipedia

Pros and cons

Pros

  • Consumer loans of KWD 25,000 run across 12 to 60 at a fixed rate, so repayments hold steady through the term.
  • The savings account is easy access, with withdrawals on demand and interest credited each month.
  • Rewards come as points through the rewards programme on the card range.
  • Support reaches customers on email, phone and help centre.

Cons

  • Points are the minority reward: 26.2% of ranked cards pay points against 48.1% on cashback.
  • On APR the card ranks 14 of 138 across the site, so the lowest cost in this list lies elsewhere.
  • The savings headline rate of 0.025% sits under the site median 3%, so it is not the strongest place for savings.
Gulf Bank

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Scored 9.5 / 10 by SumCue.

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Who it suits

  • Customers in KW who bank in dinars and want a credit card rather than a debit one.
  • Borrowers who want a predictable bill: personal borrowing of KWD 25,000 across 12 to 60.
  • Savers who need access on demand and can start with a deposit of KWD 500.

Who should look elsewhere

  • Cashback shoppers should try Chime Card, which pays cashback where Gulf Bank pays points.
  • Price first borrowers should see Varo Believe Secured Credit Card, priced at 0% against 8.33% here.
  • Debit led customers should try Starling Personal Account Debit Card, which quotes 15%, while Gulf Bank's range is built around a credit card at 8.33%.

The company behind it

Gulf Bank KSCP is a Kuwaiti bank, founded in 1960 and headquartered in Kuwait. Cards, consumer loans and the savings account all sit under that one legal entity, so pricing and service are set in one place. Customer help runs on email, phone and help centre, giving email, phone and help centre routes for card and loan questions.

How Gulf Bank compares

Where Gulf Bank is available

Available
Kuwait

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What does the card cost to borrow?+

The card runs at an APR of 8.33%, where the site median is 15.5% and the credit card ranking median is 16%. It is a credit card, and points rewards come on top through the rewards programme.

Is the money in the savings account easy to get at?+

Yes. The account is an easy access account, so withdrawals are on demand and unlimited, and interest is credited each month. The minimum deposit is KWD 500 and the headline rate is 0.025%. The account takes Kuwaiti dinars only.

Who is behind the card and the accounts?+

Gulf Bank KSCP is the legal entity behind the card, the consumer loans and the savings account, based in Kuwait and founded in 1960. Help runs on email, phone and help centre, so questions about a card, a loan or a savings balance all go to the same bank.

How much can I borrow and over what term?+

Consumer loans run as personal borrowing of KWD 25,000, repayable across terms of 12 to 60 at a fixed rate under a fixed rate model. Gulf Bank lends direct rather than through a broker, so the application stays with the bank.

Does the bank offer a debit card as well as a credit card?+

Yes. The range covers a credit card and a debit card, so spending can run on credit or come straight from the balance. The rewards programme pays points, and the debit card suits anyone who prefers not to borrow.

Can I get a mortgage from the same bank?+

Housing loans are offered for purchase with an initial rate of 6.5%, where the site median for initial rates is 4.69%. That makes the purchase route the one to look at rather than a switch from another lender.

Who is this card for?+

It fits customers in KW who bank in dinars, want a credit card and would rather collect points than cash. People shopping purely on APR have cheaper options elsewhere in this comparison, and a debit led account suits those who never want to borrow.

What support is there if a payment or rate looks wrong?+

Support runs on email, phone and help centre, which covers email, phone and a help centre. The same Gulf Bank KSCP entity handles cards, loans and savings, so a query about a payment or a rate can go to one bank rather than separate providers.

Sources

Compiled from 11 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Annual fee, Currency conversion fee.

Gulf Bank

Gulf Bank

Kuwait residents who want a credit card, points rewards and easy access savings under one bank.

9.5/10See alternatives