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Mashreq Bank is among the oldest banking institutions in the UAE, with over five decades of experience in the banking sector under its belt. Founded in 1967, it is one of the pioneering financial institutions in the Middle East and currently has branches across Africa, Asia, Europe, and the USA.
Mashreq Bank credit cards are among the most popular ones in the UAE. You can primarily find three types of Mashreq Bank credit cards, i.e., Mashreq Platinum Elite Credit Card, Mashreq Solitaire Card, and Mashreq Cashback Credit Card.
To apply for any of those cards, you would be required to fulfil a set of eligibility requirements. Let’s understand what these Mashreq Bank credit card eligibility criteria are as well as the documents required for the application.
While each Mashreq Bank credit card has its own set of requirements, all the cards follow a few general criteria. Listed below are the general Mashreq Bank credit card eligibility criteria -
Listed below are the general documents that may be required for your Mashreq Bank credit card application -
It’s important to note that the bank may ask for additional documents besides those on the list at its discretion.
Various factors can affect the bank’s decision regarding the approval or rejection of your Mashreq Bank credit card application as well as the terms of the card. Here are the major factors –
Given below are some ways to improve your Mashreq Bank credit card eligibility in the UAE:
Pay Off Your Current Debts - The easiest way to improve your credit card eligibility is to clear off all your existing loans, credit card dues, and others. This can immediately bring down your credit utilisation ratio and improve your credit score, which can improve the chances of approval.
Improve Your Credit Score - To easily clear the Mashreq Bank credit card eligibility criteria, you should aim to improve your credit score UAE. For this, you can take a few steps like being punctual with the repayment of your loans and credit card bills, limiting the number of credit score checks, having a good credit mix, removing discrepancies in your credit report (if any), and more.
Properly Present Your Income to the Bank - In case you have multiple sources of income, you should furnish all the necessary proof of all of them to the bank. This is because banks generally consider your total income when you apply for a credit card. With an increased income, as we saw earlier, the chances of approval also increase.
Yes, you would be required to present valid proof regarding your income as well as employment status when you apply for a Mashreq Bank credit card. For this, you may be asked to submit a recent bank statement, salary slips, and so on.
Salaried professionals or self-employed people can apply for a Mashreq Bank credit card.
Mashreq Bank credit card approvals are quick (if you fulfil the terms and conditions) and are generally granted in a few days.
The minimum salary required for a Mashreq Bank credit card is AED 5,000 per month.