Popular questions
iLead
What is the iLead Parent-Young Adult Service?
The iLead Parent-Young Adult Service is a mobile app solution that includes a prepaid contactless card called iLead. It is designed to help parents manage their children's financial awareness and responsibility from an early age.
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How long does the approval process take?
The key features include:
- Parent Dashboard: Parents can apply for a child account, manage passwords, add other guardians, view balance/transactions, set spending limits, control merchant access, and more.
- Young Adult Dashboard: Children can view their spending limits, available balance, assigned tasks/rewards, and manage their own savings goals.
- Allowance Management: Parents can transfer allowance and set up recurring transfers to the child’s account.
- Bonus and Task Management: Parents can assign tasks for the child to complete and provide bonuses as rewards.
- Card Benefits: No annual fees, discounts, purchase protection, online banking access, and more.
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How can a parent apply for the iLead card?
CrediMax cardholders (parents) can apply for the iLead card for their children aged 7 and above through the following steps:
- Log in to the CrediMax mobile app and go to the Parent Dashboard.
- Apply for the iLead card by submitting the child’s information and a copy of their CPR.
- The parent will act as the guarantor for the child’s iLead account.
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What are the dashboard functions for parents and young adults?
The Parent Dashboard allows parents to:
- Apply for a child account
- Manage passwords
- Add other guardians
- View balance and transactions
- Set spending limits
- Control merchant access
- Block/unblock the card
The Young Adult Dashboard allows children to:
- View their spending limit
- Check available balance
- See assigned tasks and rewards
- Access transaction details
- Manage their own savings goals
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What are the card benefits of the iLead card?
Key benefits of the iLead card include:
- No annual fees
- Up to 30% discounts on Cleartrip
- UAE serviced apartment discounts
- Global acceptance at millions of merchants and ATMs
- Purchase protection
- Free e-statements and online banking access
- 24/7 customer support
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How do I collect the ilead card?
Once the application has been approved, the parent will receive an SMS with the card verification code. ilead card will be sent to the parent by Aramex.
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How can I activate the ilead card?
In order to activate the card, the verification code should be changed in order to create a new PIN through different channels: CrediMax website BBK ATM machines CrediMax Mobile App
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What is the validity period of ilead cards?
ilead card is issued for a period of three (3) years.
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What is a CVV number?
The "Card Verification Value" (CVV) is the 3-digit code on the back of the ilead card. This code is usually required when conducting online transactions.
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Can CrediMax ilead card be used contactless?
Yes, you can make transactions quickly, confidently, and securely with our contactless ilead Cards if the transaction is BD 50 and less. Just tap your card to pay at retail outlets in seconds.
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Will I receive a new PIN for the replaced ilead card?
If the card number has been changed then yes you will receive a new PIN, otherwise you can use the same existing PIN.
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