Mashreq SmartSaver Global Credit Card

Mashreq SmartSaver Global Credit Card

Credit cards are the most favoured payment method for the residents in the UAE region. In fact, over 5 million UAE residents prefer putting most of their expenses on their credit cards according to a report by Payfort. But here’s the deal: there are more than 200 different types of credit cards available for credit card seekers in the UAE region.

It’s clear that the UAE residents, both nationals and expats alike, prefer using credit cards for their expenses. And the type of credit card that remains most popular with the residents of the region are the cash back credit cards. And there are plenty of good reasons for it. Cash back credit cards help users consolidate spends and earn maximum value for their money.

Given the fact that the UAE residents prefer using credit cards that offer cash back rewards, UAE’s leading financial institution, Mashreq Bank launched its innovative and ground-breaking Mashreq SmartSaver Global Credit Card to help card members earn lucrative cash back rewards on every dirham they spend on the card.

About Mashreq SmartSaver Global Credit Card

Press Reader reveals in one of its articles that UAE’s leading financial institution, Mashreq Bank launched its innovative and ground-breaking SmartSaver Global Credit Card in March 2017 to tap into the huge pool of credit card users in the UAE who look for cash back for every dirham they spend. Since its launch, Mashreq SmartSaver Global Credit Card has consistently topped all popularity charts amongst credit card users in the region.

SmartSaver Global Credit Card allows card members to earn 2% guaranteed cash back on all international spends and 0.5% guaranteed cash back for all domestic purchases made within the UAE. There is no capping on the amount of guaranteed cash back that card members can earn; thereby, enabling them to earn maximum value for their money spent on the card.

Mashreq SmartSaver Global Credit Card holders get access to up to 10% at over 400 outlets across 50 leading brands in everyday spend categories.  In addition, card members can multiply their savings by earning 10% bonus cashback on utility bills, supermarket and education spends. And that’s not all, card members can also earn up to 8% bonus cashback at 450 retail outlets in the UAE across categories like retail & fashion, jewellery, supermarkets, home furnishings, auto rentals, health & wellness, and more.

But savings don’t just top here. Card members can earn 5% cashback for air tickets, hotel and duty-free spends. The card allows card members to earn up to 10% on Cleartrip.ae. Also, card members can earn up to 6% Bonus Cashback on Online Spends through Global Cashback Mart at over 2,500 retailers including Emirates, Hotels.com, Macy’s, Marks and Spence and more.

Mashreq SmartSaver Global Credit also get unlimited, complimentary access to more than 650 airport lounges in over 400 cities in more than 120 countries worldwide. In addition, Mashreq SmartSaver Global Credit Card members also get to enjoy complimentary airport pick-up or drop-off service within Dubai for up to 6 times in a year.

In addition, Mashreq SmartSaver Credit Cardholders also get to enjoy 1 complimentary night stay when booking 2 night’s stay and 2 complimentary night’s stay when booking 4 night’s stay at more than 175 Starwood properties in Africa, Europe, and the Middle East. Mashreq SmartSaver Credit Card is perhaps the best credit card for the ever-so-busy corporate jetsetters. The card offers complimentary Gold Plus Rewards Five Star Membership ensuring priority access to rental outlets, up to 15% discount on the best available rates, and quick reservations.

Also, Mashreq SmartSaver Credit Card members also get to enjoy 90 minute treatment for the price of 60 minutes at over 50 Raffles, Swissotel, and Fairmont spas across Asia Pacific, Middle East, Europe and North America. Furthermore, card members get to enjoy Buy 1 Get 1 Offers from MasterCard.

Mashreq SmartSaver Credit Card is perhaps the best credit card for the ever-so-busy corporate jetsetters. The card offers complimentary travel insurance plan that provides coverage against:

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

Additionally, card members also get access to comprehensive coverage for self and their nominees. The card provides coverage for:

  • Personal accident insurance up to USD 500,000
  • Emergency medical evacuation repatriation up to USD 500,000
  • Medical emergency expenses up to USD 500,000
  • Daily in-hospital cash benefit up to USD 100 per day

Furthermore, Mashreq SmartSaver Global card also ensures peace of mind for card holder by offering them comprehensive protection against fraudulent credit card activities. Card members can get up to USD 2,000 per claim and a maximum of USD 4,000 for tenure of 12-month.

With so much and more on offer, Mashreq SmartSaver Global Credit Card promises a world of savings with lucrative cash back and exclusive discounts.

Features of Mashreq SmartSaver Global Credit Card

Mashreq SmartSaver Global Credit Card comes packed with an extensive range of innovative features to help card members make the most of their money spent on the card. No wonder, SmartSaver Global Credit Card remains one of the most sought-after credit cards in the UAE region. Listed below are just some of the many amazing features of Mashreq SmartSaver Global Credit Card.

  • Access to Global Cashback Mart.
  • Balance Transfer Facility.
  • Cash Advance Feature.
  • Access to Salaam Rewards Point Program.
  • Easy Payment Plans.
  • Credit Shield Feature.
  • Pay Protect Feature to help card holders and their nominees take care of card dues and other necessary expenses in the event of the death or diagnosis of critical illness.
  • Easy Cash feature with repayment terms of up to 36 months.
  • Visa Check-out Feature.
  • Comprehensive Medical Protection plan while travelling:
    • Personal accident insurance up to USD 500,000
    • Emergency medical evacuation repatriation up to USD 500,000
    • Medical emergency expenses up to USD 500,000
    • Daily in-hospital cash benefit up to USD 100 per day
  • Wallet Protect Feature
  • Revolving Balance Transfer Feature
  • Travel Protection Insurance Plan that provides coverage of:
    • Up to 3000 for baggage loss
    • Up to USD 300 for baggage delays
    • Up to 7500 for trip cancellation
    • Up to USD 7500 for trip curtailment
    • Up to 300 for trip delays
    • Up to 300 for missed connections
  • Free worldwide Legal and Medical assistance
  • Card Fraud Protection coverage for up to USD 2,000 per claim and a maximum of USD 4,000 for tenure of 12-month.

Benefits of Mashreq SmartSaver Global Credit Card

Mashreq SmartSaver Global Credit Card ranks alongside some of the most preferred cash back credit cards in the UAE region. And the multiple benefits associated with this card only add to its ever-so-soaring popularity amongst credit card users in the region. Here is a list of benefits that make this card so popular amongst credit card users in the UAE.

  • Access to Salaam Points Program
  • 5% cashback on Airline and Hotel and Duty-Free Spends
  • Guaranteed Cashback of 2% on all International Spends & 0.5% on all Local Spends
  • complimentary airport pick-up or drop off service within Dubai
  • complimentary access for you to over 650 airport lounges in more than 400 cities in over 120 countries worldwide
  • 10% Discount on Cleartrip.ae
  • Up to 6% Bonus Cashback on Online Spends
  • Access to Global Cashback Mart
  • complimentary Gold Plus Rewards Five Star Membership
  • Twice-monthly 20% discounts with Careem Rides
  • MasterCard Buy 1 Get 1 Offers
  • Reebonz Online Shopping Privileges
  • MyUS Premium Shipping Discounts.

Eligibility

Listed below are the eligibility criteria for Mashreq SmartSaver Global Credit Card:

  • Income Eligibility: AED 30,000 (Minimum monthly income)
  • Residential Eligibility –UAE residents with valid UAE residence Visa
  • Verification Eligibility - Age/Id Proofs

Top Reasons to Get Mashreq SmartSaver Global Credit Card

Rewarding cash back offers, special discounts, and a wide range of exclusive privileges, there is a multitude of reasons to own Mashreq SmartSaver Global Credit Card. Here is a list of 5 top reasons why every resident of the UAE region needs to have Mashreq SmartSaver Global Credit Card. So let’s get started with these 5 amazing reasons now:

  1. Cash Back Rewards - Mashreq SmartSaver Global Credit Card is known to offer a wide range of cash back rewards to ensure maximum value for money for the card users. Generous cash back offers make this card so sought after in the entire UAE region. The card ensures cash back reward for every dirham spent on it. Card members get to earn guaranteed 2% cash back for every international spend and 0.5% guaranteed cash back for every dirham spent for domestic purchases. Furthermore, Mashreq SmartSaver Global Credit Card provides users with cash back worth up to 10% at over 400 outlets across 50 leading brands in everyday spend categories. And that’s not all: card users can increase their savings manifolds by earning 10% bonus cashback on utility bills, supermarket and education spends. And if that was not enough, Mashreq SmartSaver Global Credit Card also provides up to 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. Additionally, card members can earn 5% cashback for air tickets, hotel and duty-free spends. The card allows card members to earn up to 10% on Cleartrip.ae. Also, card members can earn up to 6% Bonus Cashback on Online Spends through Global Cashback Mart at over 2,500 retailers including Emirates, Hotels.com, Macy’s, Marks and Spence and more.
  2. Complimentary Travel Insurance - Mashreq SmartSaver Global Credit Card members get access to complimentary travel insurance plan. This complimentary travel insurance plan provides comprehensive protection against trip delays, missed connections, trip cancellations, meical emergencies and loss of baggage.

Here is a list of coverage offered under the complimentary travel insurance plan:

  • Up to 3000 for baggage loss
  • Up to USD 300 for baggage delays
  • Up to 7500 for trip cancellation
  • Up to USD 7500 for trip curtailment
  • Up to 300 for trip delays
  • Up to 300 for missed connections
  1. Medical Benefits - Mashreq SmartSaver Global Credit Card members are also privy to the medical benefits that comes packed with the card. The card provides access to a wide range of medical benefits to card members while travelling abroad.

Here is a list of medical benefits provided with the card:

  • Personal accident insurance up to USD 500,000
  • Emergency medical evacuation repatriation up to USD 500,000
  • Medical emergency expenses up to USD 500,000
  • Daily in-hospital cash benefit up to USD 100 per day
  1. Complimentary Lounge Access - Mashreq SmartSaver Global Credit Card members get to enjoy complimentary, free access to more than 650 airport lounges in over 400 cities in more than 120 countries worldwide. Card members only need to present this card at the partner lounges in order to avail complimentary free access to premium airport lounges.
  2. Exclusive Travel Privileges – In addition to the free, complimentary access to 650 airport lounges, card members also get to enjoy a wide range of exclusive travel privileges. Some such privileges include complimentary airport pick-up or drop off service within Dubai and complimentary night stays at more than 175 participating Starwood Hotel & Resorts properties in Middle East, Africa and Europe. In addition, card members also get to enjoy 10% discount at Cleartrip, 20% discounts with Careem rides and 15% discounts with Hertz Car Rental.

Mashreq SmartSaver Global Credit Card Offers (Updated in June 2018)

  • 10% discount on Cleartrip.ae (Promo Code: MCWORLD)
  • 20% off with Careem Rides (Promo Code: MasterCard)
  • Up to 15% off Best Available Rates (No Promo Code Required)
  • AED 350 Worth of Shopping Credits at Reebonz (Promo Code: MASTERME6)
  • 25% off shipping for 1 year at MyUS (No Promo Code Required)
  • Up to 6% Bonus Cashback on Online Spends (No Promo Code Required)
  • 5% cashback on Airline, Hotel and Duty Free Spends (No Promo Code Required)
  • Up to 8% Bonus Cashback at 450 partner outlets (No Promo Code Required)

Fees and Charges

 

Annual Membership Fee AED 750
Complimentary Card Fee AED 300
Retail interest rate per month 3.45%
Cash Advance rate per month 3.75$
Cash Advance fee Higher of 3% or AED200
Over limit fee AED 279.00
Late payment fee AED 230.00
Card replacement fee AED 75
Paper statement fee AED 5
Returned cheque charge AED 300
Credit shield fee (Optional) 0.89% of outstanding charges
Smart Protect (per month) AED 60
International card delivery AED 200


Mashreq SmartSaver Global Credit CardRewards

  1. Salaam Points - Mashreq SmartSaver Global Credit Card members get access to one of the region’s most popular Salaam Points rewards program. This rewarding rewards points program helps SmartSaver Global Credit Card holders earn rewards for every dirham spent. Card members get to earn 3 Salaam points for every 1 AED worth of international spends and 1 Salaam Point for every 1 AED worth of domestic spends. Salaam Points can be amassed by simply putting all expenses on the card. Additionally, it is easy to redeem Salaam Points and one can redeem it instantly against gift vouchers or directly at POS (Point of Sales).
  2. Cash Back Rewards - Mashreq SmartSaver Global Credit Card helps card members earn unlimited cash back to earn the maximum value for their money. The fact that there is no minimum spend threshold to earn cash back helps card members multiply their savings manifolds. Card holders get guaranteed 2% cash back for every international spend and 0.5% guaranteed cash back for every dirham spent for domestic purchases. In addition, card members also get 10% cash back at more than 400 outlets across 50 leading brands in everyday spend categories. Also, card members can earn up to 8% bonus cashback at 450 retail outlets in the UAE. And that’s not all, card members get to earn 5% cashback for air tickets, hotel and duty-free spends and up to 10% on Cleartrip.ae. Furthermore, card members can earn up to 6% Bonus Cashback on Online Spends through Global Cashback Mart at over 2,500 retailers.

How to Earn Rewards?

Mashreq SmartSaver Global Credit Card provides card members with easy ways to earn Salaam Points and cash back for every dirham they spend on the card.

  1. Cashback Points - Mashreq SmartSaver Global Credit Card get to earn 0.5% Cashback for all local and 2.0% Cashback for all international spends. In addition, card members also get 10% cash back at more than 400 outlets across 50 leading brands; up to 8% bonus cashback at 450 retail outlets; and 5% cashback for air tickets, hotel and duty-free spends by simply using their SmartSaver Global Credit Card. In addition, card members can use their card at Cleartrip.ae to avail up to 10% discounts and at Mashreq’s Global Cashback Mart to avail up to 6% Bonus Cashback at over 2,500 retailers.
  2. Salaam Points – Quite like cash back rewards, it is easy to earn Salaam Points too. All SmartSaver Global Credit Card members need to do is to use their card for their day-to-day expenses and other spends in order to earn Salaam Points. Card members get to earn 3 Salaam points for every 1 AED worth of international spends and 1 Salaam Point for every 1 AED worth of domestic spends.

How to Redeem Your Points?

Mashreq SmartSaver Global Credit Card makes it easy for card members to redeem the accrued cash back and Salaam Points on their cards. The accrued cash back and Salaam Points can be redeemed for exclusive offers, benefits and privileges. Let’s check out how to redeem cash back and Salaam Points accrued on Mashreq SmartSaver Global Credit Card:

  1. Cash Back – To redeem cash back amassed on the Mashreq SmartSaver Global Credit Card, one needs to contact the Mashreq Call Centre at 04-4244444 and place a request for redemption of cash back. AED 100 is the minimum amount that can be redeemed. The accrued cash back is credited to the account within 3 working days after placing the request. Cash back amassed on the Mashreq SmartSaver Global Credit Card account forfeits if not redeemed with 18 months of the date of issuance.
  2. Salaam Points – Mashreq SmartSaver Global Credit Card can easily redeem Salaam Points accrued on their cards. Salaam Points can be redeemed for gift/purchase vouchers and can also be redeemed directly at the Point of Sales (POS). Card members can easily redeem Salaam Points for vouchers and use to make purchase with select retail or travel partner. It may take up to 7 working days for the vouchers to be delivered to the card members. Once issued, these vouchers cannot be cancelled, exchanged or modified. Salaam Point vouchers remain valid for 180 days from the date of issuance.

Additional Information / Documentation

Here is a list of documents in order to get Mashreq SmartSaver Global Credit Card:

  • Salary Certificate/Salary transfer letter (Salaried individuals)
  • Trade licence (Self-employed individuals)
  • 3-6 months bank statements
  • UAE Residence Visa (For Expats)
  • Passport (Expats)
  • Emirates ID
  • Address Proofs

In addition, applicants may also be required to submit a security cheque.  

**Please be advised this is not the final and binding list of all documents required for the application of Mashreq SmartSaver Global Credit Card and applicants may be asked to produce or furnish other vital documents too.

How to Apply For Mashreq SmartSaver Global Credit Card?

Applying for Mashreq SmartSaver Credit Card is easy for interested and eligible applicants. One may apply for this amazing credit card by simply visiting the official website of Mashreq Bank and by filling up a simple, online application form.

Finance gurus and experts suggest that card applicants must carefully compare different credit cards available at their disposal and carefully weigh the pros and cons of having the intended card before applying for it. But here’s the deal: there are more than 200 different types of credit cards in the UAE and this makes it difficult for even the most seasoned of souls to compare all the cards and see which of them best fits their requirement, preferences and budget.

This is where visit UAE’s leading credit card marketplace, Policybazaar.ae, comes to the rescue of card applicants. The portal makes it easy for interested card applicants to carefully compare different credit cards for rewards, cashbacks, fee structure, interest-free period, user reviews and customer ratings.

In addition, the portal offers complete and exhaustive details about different credit cards available in the UAE region with unbiased user reviews and ratings for them in order to help interested applicants find and apply for the right credit card quickly and easily.

It just takes 3 simple steps to compare and buy the best credit cards in the UAE and start saving immediately.

Step 1- Compare Cards – Card applicants can easily discover and compare the best credit cards in the UAE region in terms of benefits, features and fee structure to understand which credit card best suits their budget and lifestyle.

Step 2- Check Eligibility – One may instantly check their eligibility for the intended credit cards by simply filling up a few basic details online at the portal.

Step 3- Instant Approval –Applicants may directly fill the application form for the cards of their choice at the portal and get instant approval for their applications.

FAQ's

Question 1: Is there an annual fee for the Mashreq SmartSaver Credit Card?

Answer: Yes! There is an annual membership fee of AED 750 charged for Mashreq SmartSaver Global Credit Card.

Question 2: Is there any minimum spend to start earning Cashback?

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

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

Answer: 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

Question 4: When does cash back get credited to the SmartSaver Global Credit Card account?

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

Question 5: Can cash back be redeemed for something other than cash point?

Answer: No. Card members cannot redeem cash back for anything other than cash point.

Question 6: How to redeem the accrued cash back on SmartSaver Global Credit Card account?

Answer: 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.

Question 7: Does cashback earned on SmartSaver Global Credit Card expire?

Answer: Yes! Cash back 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.

Question 8: Can the cashback earned be applied directly towards the outstanding balance of the Credit Card?

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

Question 9: Can the cashback earned be applied towards the minimum payment due on the Credit Card?

Answer: No! Cash back 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.

Question 10: Do card members get supplementary cards with Mashreq SmartSaver Credit Card? Is there a fee for supplementary cards?

Answer: Yes! Card members can get supplementary cards with Mashreq SmartSaver Global Credit Card. There is a fee of AED 300 charged for each supplementary card availed with the primary card.

Question 11: Is cashback cancelled when the card is cancelled?

Answer: Any remaining cashback that has not been redeemed before the cancellation of the credit card is forfeited upon the cancellation of the card.