Mashreq Cashback Credit Card

The Mashreq Cashback Credit Card is one of the best credit cards offered by the Mashreq Bank. This card is ideal for shopping since members of this credit card can earn cash back in terms of rewards points on their purchases. And then, the earned cash back can be converted into direct statement credit. In addition to offering cash back, this Mashreq Bank credit card comes with a wide range of benefits and offers that are unmatched by any other credit card available in the UAE.

Features of the Mashreq Cashback Credit Card

Following are the key features of the cash back credit card offered by the Mashreq Bank:

Free For Life

This is free for life credit card since it does not charge an annual membership fee ever. Unlike most of the cashback credit where the cardholder is supposed to pay annual fee this unique financial tool comes with no such annual fees.

0% Easy Payment Plan

The Mashreq Cashback Credit card comes with a facility of 0% Easy Payment Plan. It enables cardholders to make purchases of AED 1000 and more than that using this card and then converted their large transactions into equated monthly instalments at participating merchants at a 0 percent rate of interest. The easy payment plan is a facility offered by Mashreq bank that allows users to make heavy payments at once which can be later broken down into small fragments which can be repaid to the financial institution easily. 

Balance Transfers

Cardholders can transfer their other credit card outstanding balance amount to this Mashreq Cashback Credit card at an attractive rate of interest. Balance transfer facility is available with most of the credit cards now a days, it allows users to transfer their outstanding financial obligations to credit card which can be repaid at lower rates of interest. An important point to be kept in consideration while transferring balance to your credit card is that cardholder will have to pay a balance transfer fees.

Easy Cash

Easy cash is quite a convenient facility that gives financial help to members of this credit card during the times when they have a financial emergency. It is similar to insurance coverage that provides financial protection to your loved ones and family members during unforeseen events.

Benefits of the Mashreq Cashback Credit Card

Given below are some of the key benefits of the Mashreq Cashback credit card:

DragonPass Fly & Dine Programme

Members of the Mashreq Cashback Credit card can enjoy airport dining offers at more than 200 locations across the world. All they are required to follow the below-mentioned steps in order to redeem these airport dining offers:

  • First of all, download the mobile app of Dine & Fly.
  • And then, complete the process of registration
  • Search for all the participating restaurants
  • Advise the staff of the restaurant about the DragonPass membership
  • Afterwards, click on redeem in the Dine & Fly app in order to avail the discounted offer.

Visa Mena Offers Powered By Entertainer

Cardholders can avail 2-for-1 deals across entertainment, food, and shopping in addition to more than 5000 travel discounted offers. All they need to download the Visa Offers Mena App, enter their 16 digit card number for unlocking the app, register their details to login, and then select destination & browse their exclusive offers.

Visa Benefits

Members of the Mashreq Cashback Credit card can enjoy Visa benefits that are offered by Visa.

Travel Insurance

Members of this Mashreq credit card can enjoy the benefit of multi-trip travel insurance that covers the cost of medical emergencies, lost baggage, trip cancellation. In addition to this, it offers several other benefits that help cardholders to make the most of their vacation.

Purchase Protection

The Mashreq Cashback Credit card comes with a feature of purchase protection that provides the protection against accidental damage or theft of the items that have purchased using this card.

Extended Warranty

Members of this credit card can also avail the facility of extended warranty that doubles the repair period provided by the original manufacturer’s warranty for a maximum of one year. Henceforth, it safeguards the cardholder against the repairing cost or replacement of an item that have purchased using this card.

Mashreq Cashback Credit Card Rewards & Offers

Members of the Mashreq Cashback Credit card can enjoy the following offers and rewards with this card:

Unlimited Cash Back

Cardholders can earn rewards in the form of cash back on all spends except Mashreq Online Banking payments and cash transactions. Unlike other credit cards available in the market, this Mashreq card doesn’t have any minimum spend threshold.

Moreover, the cardholder will earn unlimited cash back on all of their purchases made on the Mashreq Cashback Credit card as per the below-mentioned table:

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 enjoy the welcome offer double cash back in the initial three months. They can earn unlimited cash back on all of their purchases made on this Mashreq credit card as per the below-mentioned table:

Cashback Category Cashback Rate (in percentage)
Dining spends across the United Arab Emirates 10
Foreign spends 4
Domestic spends 2

A Maximum of 12 percent discount at Agoda

Card members can enjoy 12% off on booking promotion eligible properties using the Mashreq Cashback Credit card at the official website of Visa Agoda.

Dining Discounts

Card members can avail a maximum of 35% off at more than 2000 restaurants via Mashreq Flavours Program.

Eligibility Criteria for the Mashreq Cashback Credit Card

The minimum monthly salary requirement is AED 7000 to be eligible for this Mashreq credit card.

Fees & Charges for Mashreq Cashback Credit Card

Following are the fees & charges associated with the Mashreq Cashback Credit card:

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?

An applicant can apply for the Mashreq Cashback Credit card online, offline, or through phone banking:

Online

Interested individuals can apply for the Mashreq Cashback Credit card by visiting the official website of the Mashreq Bank.

Offline

Alternatively, an applicant can also apply for this Mashreq credit card by visiting the nearby branch of the bank and submit the required documents along with the credit card application form. 

Phone Banking

The applicant also has an option of phone banking to connect with the bank and apply for this Mashreq Cashback Credit card

Frequently Asked Questions

Q: What is the annual membership fee charged on the Mashreq Cashback Credit card?

Ans: 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.

Q: Is there any minimum spending criteria to earn cash back on this Mashreq credit card?

Ans: Unlike other credit cards available in the market, this card does not have any kind of minimum spend threshold. Meaning that you’ll begin saving on your spends from as low as AED 1.

Q: Can I earn cash back on all categories using this Mashreq Cashback Credit card?

Ans: 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

Q: Can I redeem cash back for something else other than cash?
Ans: Please note that the earned cash back can only be redeemed as cash credit to the card account.

Q: Is there any expiry date for the cash back?
Ans: Yes, the earned cash back has a maximum validity of 18 months from the earning date. If you would not redeem the earned cash back within this time frame then it will be expired.

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