Get cashback up to AED 2000
This Mawarid Finance Credit Card depends upon the Wakalah and Murabaha modes under Islamic financing. The Falak Tayyeb World credit card includes a host of amazing privileges and benefits that are designed to suit the daily needs of the cardholders. The cardholder can avail features like balance transfer, easy payment plans, free lounge access and more using this free for life credit card.
Following are the exclusive features and benefits on this Mawarid Finance Credit Card.
This credit card charges zero annual fees from the cardholders, hence making it free for life.
The credit card charges a comparatively low-profit rate (Murabaha) of 1.75 percent per month.
The cardholder can avail a free LoungeKey airport lounge membership. This membership offers unlimited access to more than 900 lounges in over 450 cities in around 135 countries globally. It provides complimentary access to the business services such as the internet, email, fax machines, phones, and conference space in a few lounges. The cardholder can also enjoy free snacks and refreshments.
The card member can easily transfer the balance outstanding on any of their credit cards to their Falak Tayyeb World Credit Card. On this balance transfer facility, they can enjoy a 0 percent profit rate for six months. The cardholder will have to bear a one-time processing fee of 1,500 AED on this balance transfer facility.
With this Mawarid Credit Card, the cardholder can make payments for their large purchases conveniently and easily. They can pay this off in simple sox equal installments per month at a 0 percent profit.
The cardholder may avail the facility of cash withdrawal equal to the thirty percent of the available credit limit from those ATMs that have a MasterCard logo.
The cardholder can make safe transactions because this card is protected with a PIN and Chip security and 3D secure. Only the cardholder can authorize the transactions on their Falak Tayyeb World Credit Card.
This World Credit Card also offers a complimentary SMS service to keep the card member updated all the time.
The card member can easily manage their card accounts round the clock using the Mobile App by Mawarid Finance. It comes with a clear and easily accessible design and allows the cardholder to perform various functions, some of them are-
The card member may earn reward points on each of their spendings. These reward points can be redeemed for credits in the form of cash.
Following are the applicable charges and fees on this Mawarid Finance Credit Card.
|Fees & Charges||Details|
|Additional Supplementary Card||52.50 AED (per card)|
|Murabaha Profit Rate||1.75 percent monthly|
|Wakalah Fee||1.05 AED P.A.|
|Fee on International Currency Transaction||2.27 percent|
|Over Limit Charge||525 AED|
|Late Payment Charge||241.50 AED|
|Card Replacement Charge||78.75 AED|
|PIN Reissuance Charge||26.25 AED|
|Annual Membership Charges||1.05 AED|
|Copy Statement of Credit Card||78.75 AED per transaction|
|Maximum limit on Cash Withdrawal||30 percent of the available credit limit|
|Maximum per day amount for Cash Withdrawal||10,000 AED|
|Limit on the Withdrawal transaction number||Nil|
|Maximum cash withdrawal transaction limit||Nil|
|Fees for disputing the transaction that was later found genuine||105 AED|
(These charges have been applicable with effect from September 1st, 2019)
Following are some additional benefits on this Mawarid Finance Credit Card.
The card member can download the app MasterCard For You from the google play store or apple app store to avail various Buy one Get one offers on their World Credit Card.
The cardholder may experience large discounts and offers in shopping, restaurants, entertainment, and wellness merchants in the UAE using this Falak Tayyeb World Credit Card.