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A survey report by Payfort reveals that there are more than 5 million credit card users in the UAE. And this number has only been increasing in the last few years. In fact, in 2017 65% more UAE residents applied for credit cards in 2017 as against 2016, reveals a study by Love in Dubai.
But why do credit cards remain so popular amongst the people in the UAE? The simple answer to this haunting question is the extensive range of offers and rewards offered by credit cards. In fact, 53% people in the UAE often spend on their credit cards with an objective to earn maximum value for their money by earning cashback and rewards, according to a study by McKinsey & Company.
Owing to the fact that an increasingly large number of people in the UAE prefer using their cards to spend on all aspects of their lifestyle to maximize the value of their money, UAE’s frontrunner financial institution, Emirates Islamic launched its ground-breaking credit card in UAE - Flex Elite Card to help card members maximize the value of their spending with instant and flexible rewards redemption.
Loaded with an extensive range of fantastic rewards and instant redemption possibilities, Emirates Islamic Flex Elite Credit Card has been carefully conceptualised to ensure that card members get immense purchasing power and immense financial flexibility. Soon after its launch, the card became a name to reckon with in the UAE’s credit card industry forcing other credit card companies to rethink their strategy and plans on launching credit cards loaded with exclusive benefits for the card members.
Introduced by Emirates Islamic in August 2016, Emirates Islamic Flex Elite Credit Card is a premium credit card product that has revolutionized the way credit cards are sold and used in the UAE region. The card ensures unmatched rewards, matchless benefits and complete convenience to help card holders make the maximum value for their money.
With its rather impressive line-up of ground-breaking features and lucrative rewards, Emirates Islamic Flex Elite Credit Card has consistently remained the top choice for both the UAE nationals and the expats alike, over the years. Flex Elite Card users have get to earn rewards for every dirham spent on the card and have access to instant rewards redemption. Emirates Islamic Flex Elite Credit Card packs in something for every type of spender, right from hotel offers to free air tickets and from excusive golf discounts to unmatched shopping benefits.
Packed with Emirates Islamic much acclaimed EI SmartMiles programme, Emirates Islamic Flex Elite Credit Card allows card members to use their card for all type of travel, lifestyle and shopping transactions and earn EI SmartMiles in return. These miles can easily be exchanged or redeemed for a wide range of options including free air tickets, hotels stays, discount deals and much more. With so much and more on offer for card members, it comes as no surprise that new card seekers in the UAE region are often to be seen making a beeline to get their hands on this amazing credit card from Emirates Islamic.
Over the years of its inception, Emirates Islamic has become a name to reckon with in the UAE’s finance industry. But what makes Emirates Islamic rather popular in the region is the fact the company has launched an extensive range of benefits laden Flex Elite credit card to ensure maximum value for money for the card users. Emirates Islamic Flex Elite Credit Card comes packed with a wide variety of ground-breaking and effective features to make spending exciting and rewarding in equal measures, for the card holders. Here is a list of some of the outstanding features of this amazing credit card by Emirates Islamic-
With matchless travel benefits, lucrative shopping rewards and amazing lifestyle advantages, Emirates Islamic Flex Credit Card leaves its card members sheer spoilt for choices. But what makes this card so popular amongst people in the UAE is the fact that the rewards and benefits offered by this card are instantly redeemable, without having to run from pillar to post. Here is a list of some of the many effective benefits of Emirates Islamic Flex Elite Credit Card that make it a revered commodity amongst credit card users in the UAE.
Listed below are the eligibility criteria for Emirates Islamic Flex Elite Credit Card-
A staggering line-up of innovative features and an amazing roster of benefits add to the popularity of Emirates Islamic Flex Elite Credit Card. Automatic enrolment to EI SmartMiles, instant rewards redemption, and a host of exclusive privileges, reasons are aplenty of get Emirates Islamic Flex Elite Credit Card. Let’s check out the top 5 reasons that make having Emirates Islamic Flex Elite Credit Card nothing less than an exclusive privilege.
|Particulars||Fee & Charges|
|Annual Membership Fee||700|
|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%|
|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|
For every 1 AED spend on international and domestic spend, Emirates Islamic Flex Elite Credit Card get to earn 3.75 and 2.5 EI SmartMiles, respectively. These EI SmartMiles can easily be redeemed for a wide range of options including the travel, shopping and lifestyle categories.
In addition, card members who are members of Etihad Guest and/or JetPrivilege may also exchange the EI SmartMiles for exclusive privileges, special discounts and a host of other special deals with Eithad Airways and Jet Airways. In addition, Emirati Islamic Flex Credit Card members are rewarded with 75000 EI SmartMiles as welcome bonus.
1. EI SmartMiles - It is easy for Emirates Islamic Flex Elite Credit Card members to earn and redeem their EI SmartMiles for a staggering line of benefits across travel, shopping and lifestyle categories. Card members get to earn EI SmartMiles for every dirham spent using the Emirates Islamic Flex Elite Credit Card and these EI SmartMiles can be instantly redeemed at EI SmartMiles mobile app or website, without having to worry about blackout dates.
Here is the EI SmartMiles earning rate for Emirates Islamic Flex Elite Credit Card holders-
|Category of Spend||SmartMiles|
|Joining bonus||75,000 EI SmartMiles|
|International spend||3.75 EI SmartMiles (1 AED)|
|Domestic spend||2.5 EI SmartMiles (1 AED)|
2. Mazaya Rewards - It is easy to earn Maazaya rewards and offers for Emirates Islamic Flex Elite Credit Card members. All one needs to do is to present the card when dining, travelling or shopping across the UAE.
Redeeming EI SmartMiles is simple and easy for Emirates Islamic Flex Elite Credit Card members. The EI SmartMiles accumulated by card members can be instantly redeemed for multiple rewards, benefits and privileges.
Here’s how card members can redeem their EI SmartMiles-
1. EI SmartMiles Mobile App - EI SmartMiles App is an innovative mobile app that makes redemption of EI SmartMiles a rather simple process for Emirates Islamic Flex Elite Credit Card members. This easy-to-navigate and user-friendly mobile app helps card members redeem their EI SmartMiles for free flights, hotel stays, miles exchange, and for transacting with retail websites and outlets from around the world, instantly in just a few seconds and even on-the-go.
Here’s how Emirates Islamic Flex Elite Credit Card members use EI SmartMiles app to redeem miles-
After following these easy steps, Emirates Islamic Flex Elite Credit Card users can easily start redeeming their miles through the EI SmartMiles app.
2. Miles Exchange - In addition to redeeming EI SmartMiles for benefits and rewards, Emirates Islamic Flex Elite Credit Card members can also exchange their miles for exclusive privileges and travel benefits with Etihad Airways and Jet Airways. For this card members need to be active members of Etihad Guest and/or JetPrivilege.
Illustrated below is the evaluation of EI SmartMiles for Miles Exchange with JetPrivilege and Etihad Guest Frequent Flyer Programmes-
|10,000 EI SmartMiles||2,500 Etihad Miles|
|20,000 EI SmartMiles||4,000 JetPrivilege Miles|
Here’s the step-by-step guide to exchanging miles-
It typically takes 5 working days for the Miles Exchange process to be completed.
3. Free Travel - Emirates Islamic Flex Elite Credit Card users can also instantly redeem their EI SmartMiles for free travel and other matchless travel benefits. EI SmartMiles can be redeemed to book free flights with over 300 airlines or to book hotel stays at over 180000 luxurious properties worldwide. These EI SmartMiles may also be used to avail car rental and airport transfer services.
4. Instant Purchase - Instant Purchase is an innovative feature that makes EI SmartMiles such a popular credit card rewards programme in the entire UAE region. With Instant Purchase feature, Emirates Islamic Flex Elite Credit Card users can instantly purchase items of their choice from a retail outlet or a shopping website from anywhere in the world.
Here’s how Instant Purchase feature works-
To apply for Emirati Islamic Flex Elite Credit Card, all one needs to do is fill the online form and provide the documents listed below-
Emirates Islamic Flex Elite Credit Card can play a vital role in simplifying one’s life by maximizing the value for every dirham spent. But when applying for this card, it’s important to be careful and diligent. It makes sense to get acquainted with some ground rules of the application process before applying for the Flex Elite Credit Card. After all, waiting for the approval of a credit card could prove to be a scary task.
Here’s how to successfully apply for Emirates Islamic Flex Elite Credit Card and maximize the chance of getting the application approved-
Q1: Is it possible to withdraw cash via Emirates Islamic Flex Elite Credit Card?
Ans: Yes! Emirates Islamic Flex Credit Card members can withdraw cash using their credit cards from over 780,000 ATMs in the UAE and worldwide. There is a nominal fee charged as the cash advance fee for withdrawing money using Emirates Islamic Flex Credit Card.
Q2: Do Emirates Islamic Flex Elite Credit Card members get supplementary cards?
Ans: Yes! Interested Emirates Islamic Flex Credit Card users may get up to 4 supplementary cards. These supplementary cards also earn the same number of miles, rewards and benefits as the primary card.
Q3: Is there an annual fee for Emirates Islamic Flex Elite Credit Card?
Ans: Yes! There is an annual membership fee of AED 700 for Emirates Islamic Flex Elite Credit Card.
Q4: Is Emirates Islamic Flex Elite Credit Card Shari'a compliant?
Ans: Yes! Emirates Islamic Flex Credit Card is fully Shari'a compliant. There are no interest charges. However, there is fixed monthly fees for the various features and benefits provided on the card.
Q5: How many EI SmartMiles are provided as welcome bonus for Emirates Islamic Flex Elite Credit Card?
Ans: 75,000 EI SmartMiles are given as welcome bonus with Emirates Islamic Flex Elite Credit Card.