Mashreq Platinum Elite Credit Card

The Mashreq Platinum Elite credit card is one of a special credit cards that help the cardholder to live the Elite life. This Mashreq card is available in two variants i.e. ‘Mashreq Platinum Elite Visa Credit Card’ and ‘Mashreq Platinum Elite Mastercard Credit Card’. Both the cards are designed to offer its customers Elite benefits & privileges to give them a cherished experience in their life. From travel, shopping, dining, adventure to sports and entertainment, the cardholder can have it all to compliment their lifestyle. In addition to these lifestyle privileges, this card is loaded with some super awesome features that are unmatched by any other credit card in the UAE. Besides these things, extended warranty and purchase protection adds a more value to the card and offers a peace of mind.

Mashreq Platinum Elite Mastercard Credit CardMashreq Platinum Elite Visa Credit Card

Features of Mashreq Platinum Elite Credit Card

Here are some of the key features of the Mashreq Platinum Elite Credit Card:

Mashreq Merchant Solutions

The bank offers the most accessible yet convenient payment experience to its customers by ensuring the absolute security. Being one of the largest card acceptance service providers across the UAE, Mashreq Merchant Payment Solutions offers an array of secured Tailored Card Payment Solutions. The payment solutions aim at uplifting SME merchants and offer business solutions for home delivery solutions, large department stores, restaurants and large conglomerates and give them the much-needed extra-edge.

Balance Transfer

Card members can pay off their card balance using the Mashreq Platinum Elite Credit card and experience the convenience of paying back in monthly instalments. With the balance transfer facility debtors can clear their outstanding financial obligations by transferring the amounts to their new account and repaying them at lower rates of interest. Following are the benefits of the balance transfer facility:

  1. It does not need any income-related paperwork.
  2. It offers an attractive rate of interest.
  3. It comes with a fixed instalment with a maximum tenure of 36 months.
  4. It enables cardholders to transfer as much as 75 percent of their credit card limit.

Easy Payment Plan (EPP)

This Mashreq credit card offers 0 percent easy payment plan to its cardholders which enables them to convert their large purchases into equated monthly instalments at a wide range of vendors. The cardholder can repay it later at zero percent interest. This feature allows users to make hefty payments using their credit card which can be later paid by breaking the total amount into small easily payable instalments making it convenient for the buyer to make purchases. 

Credit Shield

This card comes with the facility of credit shield that offers an extra layer of protection. It basically provides its card members the option to have the outstanding amount on their credit card waived in tragic events such as permanent disability, loss of employment & death because of any cause. In addition to this, the cardholder will also get the cash benefit in case of a medical emergency. The trail of life is extremely uncertain and therefore the right approach is to be well-prepared to combat the strokes of uncertainties. The credit shield is similar to insurance coverage that provides financial assistance in case of any unforeseen events. 

Pay Protect

The Mashreq credit cardholder can enjoy the benefit of pay protect. It is a unique product that pays off the credit card dues in case of an unfortunate event such as the death of the cardholder or if he/she is diagnosed with a critical diseases. The pay protect feature offered by Mashreq bank for the credit cards ensures that in case of any tragic event that leads to the demise of the cardholder the dependents and family members do not struggle with the repayment of outstanding financial obligations.

Additionally, it provides a financial benefit to the loved ones of their family member.

Convenience Cash

Member of this credit card can avail extra cash beyond the limit set on their Mashreq Platinum Elite Credit card and get it transferred to their Mashreq Account or any other bank account across the UAE. Then, the cardholder can make the repayment through monthly instalments at low interest rate. In order to enjoy this privilege, no documentation for income is required.  

Revolving Balance Transfer

Card members don’t need to pay up to 39 percent interest on yearly basis on their outstanding balance with other credit card(s). They can simply transfer their credit card outstanding amount to this Mashreq Credit Card at 0 percent interest rate for 6 months. No documentation of income is required for availing the balance transfer facility. The cardholder can transfer as maximum as 75 percent of their credit card limit. The balance transfer facility makes it convenient for the user to repay their outstanding financial obligations without any hassle. An important point to be kept in consideration while opting for balance transfer is that the user is supposed to pay a balance transfer fee for availing the feature.

Wallet Protect

It offers simple yet comprehensive global insurance against identity theft and theft or loss of a wallet. With the wallet protect feature your credit card is safe against theft or loss of wallet. 

Visa Checkout

The cardholder can enjoy the shopping experience with Mashreq Platinum Credit Card. Visa Checkout makes it easy to complete the transaction. The cardholder simply needs to enter their username and password and indulge in shopping with a single account. They don’t need to fill in their credit card number and address over and over again.

The Mashreq Platinum Credit Cardholder can enjoy the comfort of Visa Checkout across various devices such as:

  • Tablet
  • Smartphone
  • Desktop
  • Laptop

Easy Cash

Card members of Mashreq Credit Card can enjoy the benefit of Easy Cash. It is a facility meticulously designed for availing urgently cash, without involvement of paperwork. With this facility, the cardholder can give a phone call to get the money credited in their account within a time period of 48hours.

Here are the benefits offered by Easy Cash facility:

  • It doesn’t require documentation for income.
  • It offers an attractive rate of interest.
  • It comes with a time period of up to 36 months for repayment.
  • It offers loan amount of up to 75 percent of the credit card limit.

Benefits of Mashreq Platinum Elite Credit Card

Mentioned-above are a few of groundbreaking benefits offered by Mashreq Platinum Elite credit card:

Lounge Access

The Mashreq Platinum Elite Credit Card member can avail access to over 700 airport lounges in more than 300 cities right on a complimentary basis.

In order to avail two complimentary airport lounge access services in the current billing cycle, the card member ought to spend AED 7,000 in their previous billing cycle.

Note- The number of lounge access on a complimentary basis is capped at 8 times each year.

Airport Pick up or Drop

The cardholder can avail airport pick up or drop services on an annual basis. Cardholders are eligible to avail Limousine Service on a complimentary basis thrice a year. The service is capped at one time per month which means the cardholder can’t avail the service more than one time on a monthly basis. In order to avail free service, the cardholder must spend a minimum of AED 7,000 in the previous billing cycle.

Note- The offer can be availed at Abu Dhabi Airport & Dubai International Airport.

Free Visits to Fitness First

Using Mashreq Platinum Elite Credit Card, the card member can enjoy visits to Fitness First on a complimentary basis. After fulfilling the minimum spending criteria, the Mashreq Platinum Elite Credit Cardholder can avail 8 complimentary visits in a billing cycle.

The Elite Advantage

Under Elite Advantage, the cardholder can get access to free lounge key membership as well as travel Insurance. Apart from that, the cardholder can enjoy discounts of up to 50 percent on restaurants, discount and deals on Health and Fitness, Sports, Entertainment and Leisure categories, Wellness and Spa, and many other categories.

Additionally, Mashreq Platinum Elite Credit Card ensures the peace of mind to the cardholder with the help of secured features like Purchase Protection and Extended Warranty.

Fees and Charges of Mashreq Platinum Elite Credit Card

Here are fees and charges associated with the Mashreq Platinum Elite Credit Card:

Fees & Charges Value

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

Rewards & Offers of Mashreq Platinum Elite Credit Card

Rewards

Mashreq Rewards

Members of this card are entitled to a reward loyalty program called Salaam. This program rewards cardholders for a relationship with Mashreq and all their spends.

Here are the rewards that a Mashreq Platinum Elite Credit Cardholder gets to enjoy:

  1. For every dirham on domestic spend, they will be rewarded 1 Salaam Point.
  2. For every dirham on international retail spend, they will be rewarded 3 Salaam Points.

Accelerated Reward Points

As per the applicable terms and conditions, the cardholder will get to earn 3X rewards for duty-free and dining spends put on their Mashreq Platinum Elite Credit Card. 

Offers

Smart Saver Offers

It offers Smart Saver benefits across the following categories:

  • Cosmetics
  • Book store
  • Electronics
  • Dining
  • Jewellery
  • Home furnishing
  • Opticals
  • Shoes and leather
  • Retail fashion
  • Travels
  • Supermarket
  • Wellness
  • Laundry services
  • Automotive
  • Online shopping

VISA Offer

Mashreq Platinum Elite Visa Credit Card members are rewarded for making purchases using their Visa card worldwide. They can avail of amazing discounts and attractive deals just by using their Visa card for making payments.

Mastercard Offer

Mashreq Platinum Elite Mastercard Credit Card members get rewarded for using their Mastercard across the various categories. Exclusively for Mastercard members, Mashreq Credit Card offers so many deals and offers so that they can make the most of their credit card.

Mymashreq Offers

Mashreq Credit Cardholders can explore various deals that have been formulated meticulously for the cardholder. They can browse through the various categories and avail various offers as per their preferences.

  1. Travel
  2. Eat
  3. Shop
  4. Dress
  5. Fun
  6. Pamper

How to Apply for Mashreq Platinum ELITE Credit Card?

Applying for Mashreq Platinum ELITE Credit Card is a very simple, easy and convenient process. Interested individual can apply for this card either online or offline.

Online

The applicant can visit the official website of the Mashreq Bank and directly apply for this card.

Offline

Alternatively, an applicant can visit the nearby branch of the Mashreq Bank to apply for this Mashreq credit card.

FAQs of Mashreq Platinum Elite Credit Card

Q.1. What are the annual membership charges of Mashreq Platinum ELITE Credit Card?

Ans: The Mashreq Platinum ELITE Credit Card comes with AED 650 fee applicable from 2nd Yr. onwards.

Q.2. What is Visa Checkout?

Ans: Visa Checkout enables you to enjoy hassle-free shopping experience. Simply put, it makes it easy for the cardholder to make purchases. All they need to do is enter their login with their username & password and buy whatever they want. It saves them from the trouble of entering their card number and address again.

Q.3. Where can I avail the facility of Visa Checkout?

Ans: You can avail the facility of Visa Checkout at various partner online stores.

Q.4. Where can I redeem Salaam points?  

Ans: You can redeem your Salaam points at various travel and retail partners of Mashreq Platinum ELITE Credit Card.

Q.5. Does Mashreq Platinum ELITE Credit Card comes with any special offers?

Ans: Yes. If the cardholder shops at any of the specific partners Mashreq Platinum ELITE Credit Card, they get to earn up to 10X Salaam Points.

Q.6. What is Snapp?

Ans: It is the banking app of Mashreq Platinum ELITE Credit Card. With the help of the app, the cardholder can locate their favourite outlets and redeem their accumulated Salaam points instantly.

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