Mashreq SmartSaver Global Credit Card

Mashreq Bank offers a plenty of credit cards and the Mashreq SmartSaver Global Credit Card is one of the best credit cards offered by the bank. This card is loaded with an array of exclusive features and benefits that are unmatched by any other credit card available in the UAE. From complimentary airport lounge access, discount on hotel stays to shopping benefits and complimentary travel & medical insurance, this card offers all types of exclusive privileges in order to suit various lifestyle requirements of its card members. More than that, this credit card help card members earn lucrative cash back rewards on every dirham they spend on the card. In a nutshell, this card helps its cardholders to make the most of their each spending.

Features of Mashreq SmartSaver Global Credit Card

Listed below are some of the key features of Mashreq SmartSaver Global Credit Card:

Mashreq Merchant Solutions

Merchant Payment Solutions is one of the largest card acceptance service providers in the UAE that offer a plenty of secured tailored card payment solutions. From supporting SME merchants and department stores to home-delivery solutions, restaurants, & large conglomerates, it offers a perfect solution to give the business the competitive edge.

Balance Transfer

The cardholder can pay off their card balances with this Mashreq SmartSaver Global credit card and enjoy the flexibility of paying back in equal monthly instalments. Following are the benefits of this balance transfer facility:

  • Attractive rate of interest
  • No need of income documentation
  • Transfer balance as high as 75 percent of the available credit card limit
  • Fixed instalment with a tenure of 36 months (maximum)

Easy Payment Plan

Cardholders can enjoy the facility of easy payment plan that enables them to convert their large purchases into monthly instalments at 0% interest rate.

Credit Shield

Credit shield is an amazing feature of this card that help card members to enjoy a waiver of the outstanding amount on their credit card in an unfortunate event such as Loss of Employment, permanent disability, and death of the card member. In addition to this, they will be entitled to get cash benefit in case of hospitalization.

Easy Cash

Easy cash is a convenient facility specifically designed for the times when the cardholder requires funds on an emergency basis. During such difficult times, the cardholder can avail this facility without any paperwork and enjoy the below-mentioned benefits:

  • Attractive rate of interest.
  • Loan amount as high as 75% of the available credit card limit.
  • Repayment plan of a maximum of 36 months.

Pay Protect

It pays off the credit card outstanding dues in an unforeseen event of the death of the card member or if he/she is diagnosed with a critical illness. Also, it offers a cash benefit to the nominee(s) of the card member to meet their various financial requirements.

Smart Protect

The ‘Smart Protect’ feature of the Mashreq SmartSaver Global credit card offers coverage of:

  • AED 100,000 for death due to accident
  • AED 50,000 for death due to sickness
  • AED 2500 per incident for fraudulent charges
  • AED 1,000 monthly for up to 3 months for involuntary loss of job
  • AED 200 per person per day for up to 30 days as Hospital Cash Benefit
  • AED 500 per incident for ATM Assault worldwide

Wallet Protect

It offers simple yet comprehensive global insurance against identity theft & loss or theft of a wallet.

Revolving Balance Transfer

Cardholders can transfer their credit card outstanding balance to this Mashreq credit card at 0 % interest rate for 6 months. However, they can transfer a maximum of 75% of their credit card limit.

Convenience Cash

Card members can get extra cash beyond their Mashreq SmartSaver Global Credit card limit and get it transferred either to their Mashreq Account or any other bank account in the UAE. And then, they can easily repay it through monthly instalments at low interest rate. In order to enjoy this benefit, no income documentation is required.  

Benefits of Mashreq SmartSaver Global Credit Card

Here is a list of the key benefits of this Mashreq credit card that makes it so popular amongst credit card users in the UAE.

Free Lounge Access

The cardholder can avail unlimited free access to more than 650 airport lounges in 400+ cities in more than 120 countries globally.

Complimentary Chauffeur Services

The card member can enjoy free airport pick-up & drop off service within Dubai six times in one year.

Free Hotel Nights

The cardholder can avail 1 free hotel night on booking 2 hotel nights & 2 free hotel nights on booking 4 hotel nights at more than 175 participating Starwood Hotel and Resorts in Africa, Middle East, and Europe. 

Hertz Car Rental

As a member of this Mashreq credit card, one can avail a free Gold Plus Rewards 5 Star Membership that offers the following benefits:

  • Quick reservations, rentals & returns.
  • Best publicly available prices a maximum of 15% discount.
  • Bypass the rental queue at several world’s busiest airports.

Careem Rides

Now when the members of this card travel across countries within the Middle East, they can enjoy:

  • 20% off on 2 careem rides in one month.
  • 1st ride free only for new Careem customers.

Reebonz Online Shopping Benefits

The card member can avail online shopping benefits such as:

  • Complimentary international shipping
  • AED 350 that is worth of shopping credits for new users
  • Extra 6% discount when the cardholder pays using this card.

MyUS Premium Shipping Discounts

The cardholder can shop more than 100,000 US retailers such as Amazon, Apple & Ralph Lauren and enjoy privileges such as:

  • Free premium membership for one year.
  • Complimentary account setup
  • A MyUS address to utilize at checkout with the cardholder’s favourite online stores.
  • 20% discount on shipping for one year.
  • Complimentary insurance for the 1st $100 in merchandise value.

MasterCard For You Mobile App

Cardholders need to pick the type of MasterCard they have and use this app to redeem offers, avail benefits, and claim insurance coverage.

Travel Inconvenience and Cancellation

If a trip is unexpectedly delayed or cancelled, members of this card have the peace of mind that their travel & accommodation expenditures will be covered for trips that are already paid in advance. This card offers coverage of:

  • Up to USD 3000 for baggage loss
  • Up to USD 300 for baggage delays
  • Up to USD 7500 for trip cancellation
  • Up to USD 7500 for trip curtailment
  • Up to USD 300 for trip delays
  • Up to USD 300 for missed connections

Travel Accident and Medical Insurance

This card offers comprehensive travel accident and medical insurance cover for the cardholder as well as his/her family members which is also valid for visa application requirements from specific countries (that includes Schengen). As a member of this card, one can get coverage of:

  • Up to USD 500,000 for personal accident insurance
  • Up to USD 500,000 for emergency medical evacuation repatriation
  • Up to USD 500,000 for medical emergency expenses
  • Up to USD 100 per day for Daily in-hospital cash benefit

Card Fraud Protection

As a member of this card, one can avail the facility of card fraud protection against fraudulent account activity. Card members can get reimbursed a maximum of USD 2,000 per claim and up to USD 4,000 for tenure of 12-month.

Mashreq SmartSaver Global Credit Card Rewards & Offers

Cash Back Rewards

Mashreq SmartSaver Global Credit Card is known to offer a wide range of cash back rewards for every dirham spent on it. The cardholder can enjoy the following cash back offers:

  • Card members get to earn guaranteed 2% cash back for every international spend and 0.5% guaranteed cash back for every local spend.
  • Cardholders can use this for flight bookings, hotel reservations & Duty free spends and they can earn 5% cash back on their card.
  • Members of this card can also earn a maximum of 8% bonus cashback at 450 retail outlets in the UAE across different categories such as retail & fashion, jewellery, supermarkets, home furnishings, auto rentals, health & wellness, and more.

Cleartrip Offer

The card member can avail 10% off on any international return trip airfare.

Raffles, Fairmont, & Swissotel Spa Offer

Card members can book a 3 hour treatment (facial or body massage) and they need to pay only for 2 hours. This offer is available at 50 Raffles, Fairmont, & Swissotel spas across Europe, Middle East, North America, & Asia Pacific.

MasterCard Buy One Get One Offers

Cardholders can avail hundreds of free offers within Africa & Middle East on hotels, premium spas, restaurants like:

  • Free main menu item when one main menu item is ordered.
  • Free hotel night when 1 hotel night is booked.
  • Free 60 minute therapeutic massage when one 2 hour therapeutic massage is booked.

Fees and Charges For Mashreq SmartSaver Global Credit Card?

Here are the fees & charges associated with the Mashreq SmartSaver Global Credit Card:

Fee and Charges Values

Annual Membership Fee

AED 787.5

Supplementary Card Fee

AED 315

Retail interest rate per month

3.45%

Cash Advance rate per month

3.75%

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

Returned cheque charge

AED 315

International Transaction Fee

AED 2.79%

How to Apply For Mashreq SmartSaver Global Credit Card?

Applying for Mashreq SmartSaver Global Credit Card is easy for eligible applicants. Well, interested individuals can apply for this card either online or offline:

Online

One can apply for this Mashreq credit card by simply visiting the official website of Mashreq Bank and filling up an online application form.

Offline

Alternatively, applicants can visit the nearby branch of the Mashreq bank and directly apply for the card.

FAQ's

Q.1. Is there an annual fee for the Mashreq SmartSaver Global Credit Card?

Ans: Yes! There is an annual membership fee of AED 787.5 charged for Mashreq SmartSaver Global Credit Card.

Q.2. Is there any minimum spend to start earning Cashback?

Ans: No. There is no minimum threshold for earning cash back and card members can earn cashback for every dirham spent on the card.

Q.3. Is cash back awarded for every transaction made on the Mashreq SmartSaver Global Credit Card?

Ans: No. Some spend categories do not earn cash back. These spend categories include:

  • Balance transfers
  • Cash Advance
  • Credit Card Cheques
  • Finance Charges
  • Reversed transactions
  • Utility bill payments made through Mashreq Bank

Q.4. When does cash back get credited to the SmartSaver Global Credit Card account?

Ans: Cash back is added to the SmartSaver Global Credit Card account at the statement date as cash point.

Q.5. Can cash back be redeemed for something other than cash point?

Ans: No. Card members cannot redeem cashback for anything other than cash point.

Q.6. How to redeem the accrued cash back on SmartSaver Global Credit Card account?

Ans: Cash back accrued on SmartSaver Global Credit Card account can easily be redeemed by:

  1. Placing a redemption request by calling Mashreq Call Center at 04-4244444, and
  2. Visiting the official cashback redemption platform of Mashreq.

Q.7. Does Cashback earned on SmartSaver Global Credit Card expire?

Ans: Yes! Cashback earned on the card expires within 18 months of the date of issuance, if not redeemed. Also, if no cash back has been earned or redeemed in last 12 months, cash back may be forfeited.

Q.8. Can the cashback earned be applied directly towards the outstanding balance of the Credit Card?

Ans: Yes! Cash back earned on the SmartSaver Global Credit Card can be applied directly towards the outstanding balance of the card. 

Q.9. Can the cashback earned be applied towards the minimum payment due on the Credit Card?

Ans: No! Cashback is the credit applied to the account. Hence, it cannot be applied towards the minimum payment due on the card. Card holders are required to make payments for minimum due on the account, if any.

Q.10. Do card members get supplementary cards with Mashreq SmartSaver Global Credit Card? Is there a fee for supplementary cards?

Ans: Yes! Card members can get supplementary cards with Mashreq SmartSaver Global Credit Card. There is a fee of AED 315 charged for each supplementary card availed with the primary card.

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