Best Mashreq Credit Cards and Its Features and Benefits
Mashreq credit cards are from Mashreq Bank and it’s first opened its doors to customers in 1967, with the goal of becoming the Middle East’s most innovative bank. Mashreq Bank, formerly known as the Bank of Oman, was the first privately held bank to open in the United Arab Emirates. The bank is the proud owner of a long list of firsts in the country, including:
The Mashreq Bank credit card was the first credit card issued in the United Arab Emirates.
Mashreq’s chip-based credit card was also a first in the UAE.
Mashreq Bank was also the first bank to issue debit cards in the United Arab Emirates.
Mashreq Bank is a multinational bank with operations in nine countries that trades on the Dubai Financial Market (DFM) under the symbol DFM: MASQ. The Mashreq credit card line, which has over 50 years of experience, aspires to efficiently satisfy the needs of its ever-growing and already massive customer base. Mashreq Bank had more approximately AED 2.6 trillion in banking assets as of 2017.
Mashreq Bank presently offers four different Mashreq credit cards, with rewards ranging from cash back on everyday purchases like movies and energy bills to foreign travel savings and more. The following are the details of the numerous Mashreq Bank credit cards:
The Mashreq Cashback Credit Card is one of the Mashreq Bank’s top credit cards. Members of this credit card can get cash back in the form of rewards points on their purchases, making it great for shopping. The cash back can then be converted into a direct statement credit. This Mashreq Bank credit card comes with a large selection of features and offers that are unequaled by any other credit card available in the UAE, in addition to cash back.
Features of the Mashreq Cashback Credit Card
The following are the primary characteristics of Mashreq Bank’s cash back credit card:
Free For Life
This credit card is free for life because it never charges an annual membership fee. Unlike conventional cashback credit cards, which require the cardholder to pay an annual fee, this unusual financial tool has no such requirement.
0% Easy Payment Plan
The Mashreq Cashback Credit Card comes with a 0% Easy Payment Plan option. It allows cardholders to use this card to make purchases of AED 1000 or more, and then convert their large transactions into equivalent monthly instalments at partner retailers at a 0% interest rate. The Mashreq bank’s easy payment plan allows customers to make large payments all at once, which may then be broken down into smaller chunks and simply refunded to the financial institution.
Balance Transfers
Cardholders can transfer the balance of their other credit cards to this Mashreq Cashback Credit card at a low interest rate. Most credit cards now provide a balance transfer option, which allows customers to shift their outstanding financial commitments to a credit card that can be repaid at a cheaper interest rate. When transferring a balance to a credit card, it’s vital to remember that the cardholder will be charged a balance transfer fee.
Easy Cash
Easy cash is a useful feature that provides financial assistance to members of this credit card when they have a financial emergency. It’s comparable to insurance coverage in that it protects your loved ones and family members financially in the event of a disaster.
Benefits of the Mashreq Cashback Credit Card
Some of the primary advantages of the Mashreq Cashback credit card are listed below:
Members of the Mashreq Cashback Credit Card may take advantage of airport dining deals at over 200 locations worldwide. To redeem these airport dining offers, they simply need to complete the steps outlined below:
To begin, download the Dine & Fly mobile app.
After that, finish the registration process.
Look up all of the eateries that are taking part.
Inform the restaurant’s personnel about the DragonPass membership.
After that, go to the Dine & Fly app and click on redeem to get the discount.
Visa Mena Offers Powered By Entertainer
Cardholders can get two-for-one bargains on entertainment, food, and shopping, as well as over 5000 travel discounts. All customers have to do is download the Visa Deals Mena App, enter their 16-digit card number to open it, register their information to login, and then choose their destination and peruse their special offers.
Visa Benefits
Members of the Mashreq Cashback Credit Card can take advantage of Visa advantages.
Travel Insurance
Members of this Mashreq credit card can take advantage of multi-trip travel insurance, which covers medical emergencies, lost luggage, and trip cancellation costs. It also comes with a slew of extra perks that help cardholders make the most of their vacation.
Purchase Protection
The Mashreq Cashback Credit Card offers a purchase protection feature that protects things purchased with this card against accidental damage or theft.
Extended Warranty
Members of this credit card can also take advantage of an extended warranty, which doubles the original manufacturer’s guarantee period for a maximum of one year. As a result, it protects the cardholder against the cost of repairing or replacing an item purchased with this card.
Mashreq Cashback Credit Card Rewards & Offers
Members of the Mashreq Cashback Credit card can take advantage of the following offers and benefits:
Unlimited Cash Back
On all purchases, save Mashreq Online Banking payments and cash transactions, cardholders can earn cash back benefits in the form of cash back. Unlike other credit cards on the market, the Mashreq card has no minimum spending requirement.
Furthermore, the cardholder will receive infinite cash back on all transactions made with the Mashreq Cashback Credit card, as shown in the table below:
Cashback Category
Cashback Rate (in percentage)
Dining spends across the United Arab Emirates
5
Foreign spends
2
Domestic spends
1
Welcome Offer Double Cashback
Members of this credit card can also take advantage of a welcome promotion that gives them double cash back for the first three months. They can get infinite cash back on all of their Mashreq credit card purchases, as shown in the table below:
Cashback Category
Cashback Rate (in percentage)
Dining spends across the United Arab Emirates
5
Foreign spends
2
Domestic spends
1
A Maximum of 12 percent discount at Agoda
Cardholders can save 12% when booking promotion-eligible accommodations on Visa Agoda’s official website with the Mashreq Cashback Credit card.
Dining Discounts
Through the Mashreq Flavors Program, card members can save up to 35% at over 2000 restaurants.
Eligibility Criteria for the Mashreq Cashback Credit Card
To be eligible for this Mashreq credit card, you must earn at least AED 7000 each month.
Fees & Charges for Mashreq Cashback Credit Card
The fees and charges associated with the Mashreq Cashback Credit card are as follows:
Fees & Charges
Amount
Annual Membership Fee
AED 0
Retail Interest Rate
3.45 %
Late Payment Charges
AED 230
Over limit Charges
AED 279
Foreign Transaction Charges
2.79%
How to Apply for the Mashreq Cashback Credit Card?
Now you can apply for the Mashreq cashback credit card with your Emirates ID through online from our website and get approval in less than 10 minutes. No documents required. Required minimum salary is Only AED 5000 per month. Apply Now
Mashreq Platinum Elite Credit Card
The Mashreq Platinum Elite credit card is one of a kind, allowing the bearer to live a life of luxury. Mashreq Platinum Elite Visa Credit Card and Mashreq Platinum Elite Mastercard Credit Card are the two variations of this Mashreq card. Both cards are designed to provide Elite perks and privileges to their consumers, allowing them to have a once-in-a-lifetime experience. The cardholder can enjoy anything from travel, shopping, dining, adventure, sports, and entertainment to complement their lifestyle. In addition to these lifestyle benefits, this card comes with a slew of unique features that no other credit card in the UAE can match.
Features of Mashreq Platinum Elite Credit Card
Mashreq Merchant Solutions
The bank provides its customers with the most accessible and simple payment experience while maintaining the highest level of security. Mashreq Merchant Payment Solutions, one of the UAE’s major card acceptance service providers, offers a variety of secure Tailored Card Payment Solutions. The payment solutions are aimed at helping small and medium-sized businesses succeed by providing business solutions for home delivery services, huge department stores, restaurants, and large conglomerates.
Balance Transfer
Cardholders can use the Mashreq Platinum Elite Credit card to pay down their card balance and enjoy the ease of monthly payments. Debtors can use the balance transfer service to pay off their existing debts by transferring the funds to a new account and repaying them at lower interest rates. The following are some of the advantages of using the balance transfer service:
It does not necessitate any income-related documentation.
It has a competitive interest rate.
It has a fixed monthly payment and a maximum term of 36 months.
It gives cardholders the option of transferring up to 75% of their credit card limit.
Easy Payment Plan (EPP)
This Mashreq credit card gives its cardholders a 0% simple payment plan, allowing them to convert large purchases into equal monthly instalments at a variety of suppliers. The cardholder can pay it back at no interest later. This function allows consumers to make large purchases with their credit card, which may then be paid off later by splitting the entire amount into tiny, readily repayable instalments, making purchases more easy for the buyer.
Credit Shield
Credit Shield is a feature included with this card that adds an extra layer of security. It essentially gives its cardholders the option of having the outstanding balance on their credit card waived in the event of terrible occurrences such as permanent disability, job loss, or death due to any cause. In addition, in the event of a medical emergency, the cardholder will receive a monetary benefit. Because life’s path is so unpredictable, the best strategy is to be well-prepared to deal with the inevitable setbacks. The credit shield functions similarly to insurance coverage in that it gives financial support in the event of unforeseen circumstances.
Benefits of Mashreq Platinum Elite Credit Card
Lounge access
Airport free pick up and drop
Free visits to fitness first gyms in UAE
The elite advantages
Lounge Access
Members of the Mashreq Platinum Elite Credit Card are entitled to complimentary admission to over 700 airport lounges in over 300 cities. The card user must spend AED 7,000 in the previous billing cycle to receive two complimentary airport lounge access services in the current billing cycle.
Note that the number of complimentary lounge visits is limited to eight per year.
Airport free pick up and drop
On a yearly basis, the cardholder can use airport pick-up or drop-off services. Cardholders are entitled to complimentary Limousine Service three times a year. The service is limited to one use per month, which implies the cardholder can only use it once per month. To qualify for free service, the cardholder must have spent at least AED 7,000 during the previous billing period.
The deal is valid at both Abu Dhabi and Dubai International Airports.
The Mashreq Platinum Elite Credit Card entitles the cardholder to complimentary trips to Fitness First. The Mashreq Platinum Elite Credit Cardholder can receive 8 complimentary visits in a billing cycle after meeting the minimum expenditure requirements.
The Elite Advantage
The cardholder will receive a free lounge key as well as travel insurance as part of the Elite Advantage program. Aside from that, cardholders can get up to 50% off at restaurants, as well as discounts and promotions on Health and Fitness, Sports, Entertainment and Leisure, Wellness and Spa, and a variety of other categories.
Furthermore, the Mashreq Platinum Elite Credit Card provides cardholders with piece of mind through safe features such as Purchase Protection and Extended Warranty.
Fees and Charges of Mashreq Platinum Elite Credit Card
Service
Fees & Charges
Annual Membership Fee
AED 650 fee applicable from 2nd Yr. onwards
Minimum Salary
AED 7000
Cash Advance Fee
3.15% or AED 210, whichever is greater
Over limit fee
AED 292.95
Late payment fee
AED 241.5
Card replacement fee
AED 78.8
Paper Statement Fee
AED 5.25
International Transaction Fees
2.79 %
Returned Cheque Fee
AED 315
Supplementary card fee
AED 156.45
Maintenance Fee
Free
Retail Interest Rate
3.45% monthly
How to Apply for Mashreq Platinum ELITE Credit Card?
Now you can apply for the Mashreq Elite Platinum credit card with your Emirates ID through online from our website and get approval in less than 10 minutes. No documents required. Required minimum salary is Only AED 7000 per month. Apply Now
Mashreq Solitaire Credit Card
Mashreq Solitaire Credit Card is a super elite credit card that has been meticulously created and deliberately conceptualized to meet the needs, aspirations, and desires of the UAE region’s ever-discerning and affluent populace. The card provides its member with a plethora of exclusive privileges and rewards, ranging from luxury fine dining to golf privileges. Furthermore, this card entitles members to a rewards program that allows them to turn regular purchases into remarkable experiences. Overall, this card satisfies the basic lifestyle requirements of its cardholders.
Benefits of Mashreq Solitaire Credit Card
This Mashreq credit card has the following important features:
Golf Benefits
Arabian Ranches, Yas Links, and Trump International Golf Club are among the best golf clubs in Dubai and Abu Dhabi where cardholders can enjoy complimentary golf. Not only that, but members of this card can bring their golf partner along without incurring any additional fees.
Complimentary Airport Lounge Access
The Mashreq Solitaire Credit Card provides free admission to over 900 airport lounges around the world through the Lounge Key program. Both primary and supplemental card members, as well as guests, can use this service.
Luxury Fine Dining
Only card holders receive dining savings at the UAE’s top restaurants. They can also save up to 30% on trademark cuisines served by some of the UAE’s most prestigious restaurants and hotels.
Complimentary Valet Parking
The cardholder can take use of complimentary valet parking at some of Abu Dhabi’s and Dubai’s most prestigious places.
Chauffeur Rides
The cardholder is entitled to complimentary airport pick-up and drop-off at Abu Dhabi Airport and Dubai International Airport. Please note that this service is only available within the Emirate and not across borders.
Multi-Trip Travel Insurance
The Mashreq Solitaire Visa Infinite Credit Card includes multi-trip travel insurance for the cardholder’s complete family. It protects the cardholder for a maximum of 90 days on both domestic and international journeys.
Cardholders are entitled to six complimentary Marhaba Silver Meet & Greet services per calendar year, with a maximum of two services per month. Only Dubai residents can use this service.
Health & Fitness
With this credit card, one can enjoy unlimited free visits to Fitness First gyms in the UAE.
Discount on Luxury Yacht Charter
A member of the card can get a 30% discount on a luxury yacht charter.
Fees and Charges of Mashreq Solitaire Credit Card
Description
Fees and Charges
Annual Membership Fee
AED 1500
Supplementary Card Fee
AED 630
Retail interest rate per month
3.45%
Cash Advance rate per month
3.75%
Cash Advance fee
3.15% or AED 210, whichever is greater
Over limit fee
AED 292.95
Late payment fee
AED 241.5
Card replacement fee
AED 78.8
Paper statement fee
AED 5.25
Returned cheque charge
AED 315
International Transaction Fee
AED 2.79%
Mashreq Solitaire Credit Card Rewards & Offers
Members of the Mashreq Solitaire Credit Card have unique access to Salaam Points, the UAE’s most popular and best banking loyalty program. This fantastic loyalty program guarantees optimum savings for cardholders by providing maximum points on each dirham spent on the credit card. It also comes with a variety of redemption choices across 2200 retail stores in the UAE.
On every AED spent internationally, the cardholder can earn 3 Salaam Points.
Every AED spent locally earns one Salaam Point for members of this card.
How to Apply For Mashreq Solitaire Credit Card?
Now you can apply for the Mashreq Solitaire credit card with your Emirates ID through online from our website and get approval in less than 10 minutes. No documents required. Required minimum salary is Only AED 25000 per month. Apply Now
This is an Instant Digital Credit Card. This Mashreq credit card Offers 3.5% Cashback on purchases. It Provides welcome bonus on getting the card. No annual fees are charged. In order to apply for this card the applicant must have a minimum of AED 7000 monthly salary.
Key benefits of Mashreq Noon VIP Card
Pre-activated digital card is provided
Provides Noon VIP membership
There is NO annual fee charged forever
Get free next day delivery on all Noon Express Offers
Get 1% cashback on Noon Daily using Noon Visa Card
Get 1% cashback on other expenses
Get 1% cashback on Noon VIP cashback program
Get 3.50% cashback on noon.com
Get supplementary cards
Avail Buy 1 Get 1 free offers at cinemas, restaurants, spas, etc.
Pay Protect insurance is provided
Noon Credit Card Offers: Up to 30% Off on dining, high travel offers, entertainment, leisure deals
Get AED 500 cashback is offered for new customers as a welcome bonus (on spending AED 4500 in Acquisition month + 2 months of card activation)
How to Apply For Mashreq Noon VIP Credit Card?
Now you can apply for the Mashreq Noon VIP credit card with your Emirates ID through online from our website and get approval in less than 10 minutes. No documents required. Required minimum salary is Only AED 7000 per month. Apply Now
Frequently Asked Questions – Mashreq Credit Cards
What are supplementary cards?
Supplementary cards, often known as add-on cards, are credit cards issued to the primary cardholder’s family members. Supplementary cards work precisely like regular credit cards and offer the same benefits, but all spending and fees are charged to the primary card. Spending limits on supplemental cards can be imposed by the principal cardholder. Additional Mashreq Bank credit cards are available, each with its own yearly membership cost. Depending on the type of Mashreq credit card, these fees range from AED 0 to AED 600. The costs for each card can be discovered on the internet.
What is a late fee?
A credit card company would often charge consumers an annual membership fee as well as interest on transactions made with borrowed funds. These fees are considered minimum monthly payments that the consumer must make by a certain date. You will be charged a late fee if you do not make the payment before the due date. This late fee is in addition to the interest you would typically pay on the loan. It is best to minimize late fees by paying on time each month, as late penalties will have a negative impact on your credit score.
Mashreq credit cards include a late fee of AED 230.
What is an over-limit fee?
The cardholder is charged an over limit fee if the outstanding or current debt exceeds the stated credit limit. The outstanding balance of an account includes interest, cash advances, and other charges.
An over-limit fee of AED 279 is charged by Mashreq Bank credit cards.
What is a cash advance?
A cash advance is defined as any cash withdrawal made with a credit card from an ATM or a branch. Cash advances on credit cards have significant interest rates, so it’s best to reduce withdrawals to a minimal minimum. Withdrawals should be made with a debit card instead. Credit card withdrawals are subject to a cash advance fee as well as interest on the amount withdrawn, which begins on the date of the withdrawal.
A cash advance fee of 3% of the transaction amount, up to AED 200, is charged by Mashreq credit cards. In addition, from the date of the transaction, the cardholder gets charged 3.75 percent cash advance interest.
What am I supposed to do if my credit card is stolen or lost?
Credit cards that have been lost or stolen should be reported to a bank representative as soon as feasible. The bank will then place a hold on the missing card and issue a new one. You’re more likely to pay for fraudulent credit card purchases if you wait too long to report a missing card.
How do I gain access to airport lounges using my credit card?
Not all credit cards provide access to airport lounges. If your card does not include lounge access, you may be charged at the time of entry. Similarly, only airports that have cooperated with the bank will be able to use the airport lounge. You must provide your credit card in person to gain entrance. At reception, your card will be swiped, and any applicable lounge passes will be removed from your card benefits.
Cardholders of the Solitaire Mashreq Bank credit card have access to over 900 airport lounges across the world.
Will I earn loyalty points on online purchases as well?
Yes, you can earn loyalty points for purchases made with your credit card. Purchases can be done in person or over the internet. To be sure you’re collecting points, check to see if your credit card allows you to participate in a loyalty program. Additionally, factors such as the type of currency used (foreign or local), the sort of products purchased (groceries and real estate transactions may earn less), and yearly earning limits might influence whether you get points.
Some Mashreq Bank credit cards enroll cardholders in the Salaam Rewards reward program automatically. Salaam Points can be used to purchase airline tickets, hotel reservations, and discounts at retail stores.
What is the annual membership fee charged on the Mashreq Cashback Credit card?
The Mashreq Cashback Credit card does not charge an annual membership fee that is why it is also known as a free for life credit card.
Is there any minimum spending criteria to earn cash back on this Mashreq credit card?
Unlike other credit cards on the market, this one does not have a minimum spending requirement. That means you can start saving money from as little as AED 1.
Can I earn cash back on all categories using this Mashreq Cashback Credit card?
All retail transactions made on the Mashreq Cashback Credit card will be eligible for earning cash back except the following categories:
Local cash withdrawals
Balance transfers
Credit card cheques
Finance charges
Transactions reversed by Merchants
All charges charged on the Mashreq Cashback Credit card by the bank
Utility bill payments such as electricity, telephone, and water bills
Can I redeem cash back for something else other than cash?
Please note that the earned cash back can only be redeemed as cash credit to the card account.
Is there a minimum spend requirement in order to enjoy free valet parking?
Yes, indeed! To take advantage of valet parking, you must have a total bill of AED 10,000.
How many Salaam Points do I earn with Mashreq Solitaire Credit Card?
Card members get 3 Salaam points for every 1 AED spent on foreign purchases and 1 Salaam point for every 1 AED spent on domestic purchases.
Are there any penalties on earning Salaam Points?
In the following circumstances, Mashreq Bank may forfeit Salaam Points, suspend Salaam Points membership, stop the accumulation of points, or cancel a redemption request:
Termination of Mashreq Solitaire credit card account
Over 30 days of delay in repayment of any credit card or loans
Non-compliance to the terms and conditions
Returned or bounced cheques
Fraud, money laundering, or any other illegal activities
Display of inappropriate behavior by card holder
Expiry or voluntary cancellation of Mashreq Solitaire Credit Card account
Non-compliance or breach of Salaam Points Terms and Conditions
What are the annual membershipcharges ofMashreq Platinum ELITE Credit Card?
The Mashreq Platinum ELITE Credit Card comes with AED 650 fee applicable from 2nd Yr. onwards.
