Emirates Islamic Cashback Credit Card

According to the Gulf News, UAE residents prefer spending on their credit cards instead of cash. Right from everyday expenses to restaurant meals and from utility bills to travelling abroad, UAE residents put all sorts of expenses on their credit cards.

In fact, as per Euromonitor International, the UAE consumers spent Dh216 billion on goods and services using their credit cards in 2017. This is 45% of all sales transactions at retail shops and other business outlets in the UAE. Euromonitor International predicts that credit cards will overtake cash as the most preferred payment method in the UAE by 2020.

There is an ocean of reasons why UAE residents prefer using credit cards over cash payments. But the one reason that makes credit cards so popular is cashback on every dirham spent on the credit card. Residents in the UAE are often found actively looking for ways to consolidate their spending and are now more cautious about making financial decisions than ever before. In fact, a survey by McKinsey & Company found that 53% of the UAE residents look for ways to save money and earn cash back.

Given the fact that a large number of UAE residents look for ways to save money, UAE’s financial institution, Emirates Islamic Bank has launched Emirates Islamic Cashback Credit Card that promises unlimited savings on every dirham spent with exciting cashback offers.

About Emirates Islamic Cashback Credit Card

In June 2014, one of the most popular Islamic financial institutions in the UAE- Emirates Islamic launched its Emirates Islamic Cash Back Credit Card to ensure that its card members get up to 10% cash back, on every dirham that they spend through the card. Ever since its launch, Emirates Islamic Cashback Credit Card has consistently topped the popularity charts amongst the residents in the UAE region.

Loaded with a wide range of unique benefits and innovative features to ensure maximum value for money for card members, this Sharia-compliant Visa Cash Back Card offers cash back on all spends put on the card including, but not limited to, up to 5% cash back on all spends made at electronic stores and, 10% cash back on all spends made on TV, internet and telecom at Etisalat and Du. 

In addition, the Emirates Islamic Cash Back Card is also linked to the ever-so-popular Mazaya Offers help cardmembers get access to unparalleled benefits, exciting discounts and special privileges at restaurants and retailers across the UAE region. Furthermore, the card also provides card members with easy access to exclusive 0% Easy Payment plans and a wide range of exclusive offers from VISA Platinum. 

Features of Emirates Islamic Cashback Credit Card

Emirates Islamic Cashback Credit Card comes packed with an extensive range of helpful features to ensure maximum value for money for the card members. Quite expectedly, this credit card consistently remains the top choice for the UAE residents, both expats and nationals alike. Here is a little overview of just some of the many useful and helpful features of Emirates Islamic Cashback Credit Card.

  • Easy Payment Plans
  • Balance Transfer Facility
  • Cash on Call Facility
  • Islamic Credit Shield
  • Purchase Protection
  • Extended Warranty for up to 12 months on items purchased through the card
  • 24-hour Customer Support Facility
  • Free Supplementary Cards
  • Medical and Legal Referral
  • Fully Sharia Compliant

Benefits of Emirates Islamic Cashback Credit Card

Emirates Islamic Cashback Credit Card is a premium cashback credit card available for the UAE residents. The card comes packed with a wide range of unique and exciting benefits for the card members. Unlimited benefits and cashback offered by this amazing cash back card from Emirates Islamic promise hefty savings for the card members. Listed below are some of the many benefits of Emirates Islamic Cashback Credit Card.

  • No annual fees for (for an annual spend of AED 5000).
  • For enjoying cash back rewards, there are no minimum spending criteria.
  • 10% guaranteed cash back on telecom expenses.
  • 5% guaranteed cash back on electronic purchases.
  • Guaranteed 1 percent cash back on international as well as local transactions.
  • Exclusive hotel discounts and offers at 900 luxurious properties around the world.
  • Exclusive benefits and discounts at UAE's finest golf courses.
  • Mazaya Offers and discounts on dining, shopping and entertainment.
  • Free Supplementary

Eligibility

Listed below are the eligibility criteria for Emirates Islamic Cashback Credit Card:

  • Income Eligibility- AED 5,000 and above (Minimum monthly income)
  • Residential Eligibility- UAE residents with valid UAE Residence Visa
  • Verification Eligibility- Age/Id Proofs

Top Reasons to Get Emirates Islamic Cashback Credit Card

No annual fees, instant cash back and exclusive discounts, there are absolutely reasons galore for applying for Emirates Islamic Cashback Credit Card. Here is a little smattering on the top 5 reasons for getting the amazing and exclusive Emirates Islamic Cashback Credit Card.

  1. Exclusive Cash Back- Emirates Islamic Cashback Credit Card offers exclusive cash back offer for every dirham spent on the card. Cardmembers can earn up to 10% guaranteed cash back on telecom expenses, 5% guaranteed cash back on electronic purchases, and 1% cash back on all local and international transactions.
  2. The best part: There is no minimum spend criteria to earn these cash back rewards.
  3. Additional Privileges- Emirates Islamic Cashback Credit Card members get access to a wide range of additional privileges including exciting offers on hotel stays and exclusive golf benefits. Cardmembers get access to exclusive discounts at 900 luxurious hotels around the world. They can earn the best available room rates, automatic room upgrade, free internet, complimentary breakfast, VIP guest status and US$25 voucher for food and beverages. Emirates Islamic Cashback Credit Card members get access to exclusive benefits and discounts at UAE’s finest golf courses including Jumeirah Golf Estates, Al Hamra, Saadiyat Beach Golf Club, Arabian Ranches, etc.
  4. Purchase Protection- Emirates Islamic Cashback Credit Card provides coverage of USD 5000 per occurrence and USD 20,000 per year against loss or damage of purchased items. This coverage is available for limited time duration from the date of purchase.
  5. Medical and Legal Referral- In addition to the cash back rewards, Emirates Islamic Cashback Credit Card ensures complete protection of card members against accidents and mishaps. This ensures telephone medical advice, medical service provider referral, monitoring medical condition pre and post-hospitalization, essential medicine/equipment delivery, dispatch of the physician to the cardholder’s location, hospital admittance guarantee, and medical evacuation/repatriation. In addition, Emirates Islamic Cashback Credit Card also ensures legal referral and interpreter referral for its card members.
  6. No Annual Fees- Emirates Islamic Cashback Credit Card is available at an annual fee of AED 350. However, the annual fee of the credit card is waived off if the card members spend AED 5000 annually on the card.

Emirates Islamic Cashback Credit Card Offers (Updated in June 2018)

  • 10% guaranteed cash back on telecom expenses
  • Guaranteed 5 percent cash back on electronic items
  • 1% guaranteed cash back on all local and international transactions
  • Exclusive Visa offers
  • Up to 30% at restaurants across the UAE 
  • Fabulous discounts at partner outlets across UAE 

Fees and Charges

Annual Membership Fee

AED 350

Cash Advance Fee

3% of cash advance amount or AED 99 whichever is higher (This will be revised to 3% of cash advance amount or AED 149 whichever is higher effective April 01, 2019)

Maximum cash advance per transaction       

10,000 or 50% of the card limit whichever is lower

Over limit fee

AED 249 (This will be revised to 279 effective April 01, 2019)

Late payment fee

AED 225

Card replacement fee

Free (This will be revised to 50 effective April 01, 2019)

Copy of sale voucher

AED 50

Overseas transaction in UAE Dirhams           

1.99%

Forex Charges  

2.34%

Minimum Payment Due

5% of statement balance plus any overdue amount or AED 100, whichever is higher

No Liability Certificate

AED 50

Liability Letter

AED 50

Paper statement fee

10 (No charge for priority customers)

Cheque & Direct Debit Return     

AED 100

E-statement

Free

 

Emirates Islamic Cashback Credit Card Rewards

  1. Cash Back Rewards- As the name of the card suggests, Emirates Islamic Cashback Credit Card enables card members to earn cash back on every dirham they spend on the card. Emirates Islamic Cashback Credit Card offers 10% guaranteed cash back on telecom expenses, 5% guaranteed cash back on electronic purchases and guaranteed 1 percent cash back international as well as local transactions. There are no minimum spending criteria in order to earn cash back on Emirates Islamic Cashback Credit Card. These cash back rewards are calculated each month and are valid for two years. Telecommunication spends made at Du and Etisalat stores, website or through Emirates Islamic channels are only eligible for cash back. Cashback on Electronics spends is capped at AED 100.
  2. Mazaya Rewards- Emirates Islamic Cashback Credit Card is linked to the ever-so-popular Mazaya Offers platform that helps cardmembers get access to unparalleled benefits, exciting discounts and special privileges at restaurants and retailers across the UAE region. Emirates Islamic Cashback Credit Card members can earn exclusive discounts of up to 30% at restaurants and exciting discounts at shopping partners of Emirates across UAE.
  3. Hotel Stay Rewards- Emirates Islamic Cashback Credit Card members get access to exclusive discounts and exciting offers at over 900 luxurious hotels around the world. Some exciting hotel benefits on Emirates Islamic Cashback Credit Card are:
  • Best available rate guarantee
  • Automatic room upgrade upon arrival, when available
  • Free in-room internet
  • Complimentary continental breakfast
  • 3 PM check-out, when available
  • VIP Guest status
  • US$25 food or beverage voucher
  1. Exclusive Golf Access- Emirates Islamic Cashback Credit Card members get access to exclusive discounts and exciting benefits at some of the UAE’s finest Golf Courses. Listed below are just some of the many premium golf courses where Emirates Islamic Cashback Credit Card members can earn special benefits and exclusive discounts:
  • Jumeirah Golf Estates
  • Al Hamra
  • Sharjah Golf & Shooting Club
  • Tower Links
  • Abu Dhabi Golf club
  • Jumeirah Golf Estates
  • Saadiyat Beach Golf Club
  • Arabian Ranches
  • The Els Club
  • Al Zorah Golf Club
  • Abu Dhabi City Golf Club

How to Earn Rewards?

Emirates Islamic Cashback Credit Card allows card members to earn 10% guaranteed cash back on telecom expenses, 5% guaranteed cash back on electronic purchases and guaranteed 1 percent cash back international as well as local transactions. It is important to remember that cash back rewards are added as a statement credit in AED.

How to Redeem Your Points?

It is important to remember that card members need to have at least 100 cash back points to redeem the cash back reward and, cash back rewards are added as a statement credit in AED. Furthermore, these cashback points may be used to shop, dine or more using the Emirates Islamic Cashback Credit Card and earn cashback points.

Additional Information / Documentation

Here is a list of documents that applicants may need to furnish in order to get Emirates Islamic Cashback Credit Card:

  • Income documents/recent pay slips (Salaried individuals)
  • Passport copy
  • Resident visa
  • Emirates id
  • 3-6 months bank statement
  • Credit card copy
  • Recent credit card statement
  • Residence proof

How to Apply For Emirates Islamic Cashback Credit Card?

With so much and more on offer, it’s no wonder why Emirates Islamic Cashback Credit Card has become a financial instrument of choice for the UAE residents. From paying for telecom bills to purchasing electronic items, Emirates Islamic Cashback Credit Card remains the go-to mode of payment for UAE residents owing to the security, convenience and cashback rewards it provides. If you too are thinking of getting this amazing credit card, you must get acquainted with the features, fees, benefits and fine prints of the credit card before applying for it.

Listed below is the procedure for applying for Emirates Islamic Cashback Credit Card:

  1. Check Eligibility- First things first, check your eligibility to apply for Emirates Islamic Cashback Credit Card. As a rule of thumb, you must be at least 18 years or above to apply for this credit card. You need to have a steady source of income. In case, you don’t have a steady source of income your application may be rejected.
  2. Application Form- You can apply for the Emirates Islamic Cashback Credit Card by visiting an Emirates Islamic branch or filling an application form online. While filling the application form, you must aim at providing accurate and updated information to ensure that your application is not rejected. Listed below are the details that you may be required to provide in the credit card application form.
  3. a) Personal information- The application form for Emirates Islamic Cashback Credit Card will require you to furnish your personal information. The personal information is required to confirm your real identity.  For personal details, you will be required to provide the following information:
  • Your name (Last, first, middle, surname)
  • Your complete address
  • Your phone numbers (Primary and secondary)
  • Duration for which you have lived at the present address
  • Your email address
  • Your date of birth
  • UAE Residence Visa
  • Identification proof
  • Passport (Expats)
  • Emirates ID
  • Address Proofs
  1. b) Employment Information- When filling up the application form for Emirates Islamic Cashback Credit Card, you will be required to furnish your employment details. This information may include:
  • Name of employer
  • Length of employment
  • Your designation at work
  • Type of business
  • Address and phone number of your workplace
  • Salary Certificate/Salary transfer letter (Salaried individuals)
  • Trade licence (Self-employed individuals)

Both salaried and self-employed individuals can apply for Emirates Islamic Cashback Credit Card.

  1. c) Financial Information- Application of Emirates Islamic Cashback Credit Card will require you to furnish your financial information as well. Financial information includes:
  • Salary Certificate/Salary transfer letter (Salaried individuals)
  • 3-6 months bank statements
  • Credit card copy
  • Recent credit card statement
  • Income documents/recent pay slips (Salaried individuals)

Ensure providing 100% accurate financial information so that the card application doesn’t get rejected.

  1. Documents Required For Application– Application for Emirates Islamic Cashback Credit Card will require you to furnish your documents supporting your personal, employment and financial information. Documents required to apply for Emirates Islamic Cashback Credit Card include:
  • Income documents/recent pay slips (Salaried individuals)
  • Passport copy
  • Resident visa
  • Emirates id
  • 3-6 months bank statement
  • Credit card copy
  • Recent credit card statement
  • Residence proof

How long does it take to apply for Emirates Islamic Cashback Credit Card?

With Policybazaar.ae, it just takes a few seconds and few clicks to complete the application for Emirates Islamic Cashback Credit Card. The website also allows card members to check the fine prints, features, benefits and fee structure of the card to make a well-informed decision.

Frequently Asked Questions

Question 1: Does Emirates Islamic Cashback Credit Card allow cash withdrawals?

Answer: Yes! Emirates Islamic Cashback Credit Card allows card members to withdraw cash from over 780,000 ATMs across the globe in lieu of a nominal fee. Alternatively, card members may also withdraw cash from their Emirates Islamic Cashback Credit Card from one of the many Emirates Islamic branches at a nominal fee.

Question 2: How can Emirates Islamic Skywards Gold Credit Card members make payments for their card?

Answer: There are multiple ways to make payment for the Emirates Islamic Cashback Credit Card.

  • Cheque- Cardmembers can visit a designated branch of Emirates and drop a cheque in the DropBox.

Please Note- it typically takes 3-5 working days for cheques to get cleared.

  • Exchange Houses- Cardmembers may also visit one of the many UAE exchanges such as Al Rostamani Exchange, Al Fardan Exchange House, and Al Ansari Exchange and make the payment there.

Please Note-  The maximum cash allowed to be paid at UAE exchanges is 35,000 per day. Payments made at UAE exchange may take 2-3 working days to reflect.

  • Online- Cardmembers may also visit the official website of Emirates Islamic Cards and make the payments online.
  • Auto Payment- Emirates also allows card members to use Auto Payment Transfer facility to get their payments automatically deducted from their bank accounts.
  • Cash At Counter- Cardmembers may also visit one of the many Emirates’ branches and make the payments over the counter.
  • Cash Deposit Machines- Cardmembers may also make the payments using the cash deposit machines.

Question 3: Are supplementary cards available with Emirates Islamic Cashback Credit Card?

Answer: Emirates Islamic Cashback Credit Card members can get as many as 4 supplementary cards for their family members. These supplementary cards also earn various discounts and exclusive privileges as that of the primary card.

Question 4: Do supplementary cards also earn cash back on spends?

Answer: Yes. Supplementary cards also earn cash back for the spend put on the card.

Question 5: Am I required to apply or register anywhere to earn cash back on my card?

Answer: No. As a privileged Emirates Islamic Cashback Credit Card member, you are not required to apply or register to earn cash back for the spend put on your card. You can automatically start earning cash back by spending on electronic stores, telecom bills and more using your Emirates Islamic Cashback Credit Card.

Question 6: How long does it take for the cash back rewards to be credited to the card account?

Answer: It takes 15 days for the cash back rewards to be credited to the card account.

Question 7: Do all transactions made using Emirates Islamic Cashback Credit Card member earn cash back?

Answer: No! Balance transfers, cash advances, fees and charges are some transactions that are not eligible to earn cash back rewards.

Question: Do cash back rewards expire?

Answer: Yes! Cashback rewards on Emirates Islamic Cashback Credit Card expire after two years from the date of earning.

Question 9: Is Emirates Islamic Cashback Credit Card a Sharia-compliant card?

Answer: Yes! Emirates Islamic Skywards Gold Credit Card is a Sharia-compliant card. There are no interests charged on the card.