MasterCard and Mashreq during the launch of the card
Continuing its leadership in the credit cards space and its commitment towards the SME segment, leading financial institution Mashreq, which recently won both the Best Debit Card and Best Credit Card Award, announced the launch of Mashreq Platinum Business MasterCard Credit Card. The card is set to offer Small and Micro Businesses the much needed extra edge of control, convenience and savings.
Mashreq Platinum Business MasterCard Credit Card is designed to offer payment convenience to SME customers whereby owners, proprietors and authorized signatories can get the primary card and then extend the same benefits to their employees by giving supplementary cards. The owners can also assign limits for each card thereby managing and controlling their official expenses. The card can be uniquely customized with the organization name embossed on the plastic cards issued to each employee.
For the SME segment faced with limited choice in terms of Business credit cards, the Mashreq Platinum Business MasterCard Credit Card is the most powerful and value packed Business credit card offering in the UAE. It provides unmatched savings through cash back on domestic and international retail purchases with no minimum spend thresholds ensuring that customers earn Cashback on purchases starting from one Dirham. It also offers excellent discounts across a wide range of SME relevant services like car rentals, office supplies, hotel apartments, courier services etc. at more than 40 outlets.
Nimish Dwivedi, Head of Payments said, “The SME segment is rapidly evolving and needs a comprehensive payments solution that helps them with convenience, savings and control. The Mashreq Platinum Business MasterCard Credit Card provides a power packed solution that ensures unmatched savings and never before convenience for this segment.”
Eyad Al-Kourdi, Country Manager, UAE, MasterCard said, “Being a global leader in payment solutions, MasterCard is committed to developing and supporting the SME sector in the UAE, as it is a significant contributor towards maintaining a sustainable economic model for the country. Our partnership with Mashreq is a testament to this commitment and also a reflection of our effective engagement with local businesses towards developing tailored solutions to meet the specific needs of local enterprises.”
Rohit Garg, Head of Business Banking said, “Rohit Garg, Head of Business Banking said, “At Mashreq, we are fully committed to support the SME segment as it is an important contributor towards the Economy. Our goal is to offer a suite of products and services which fulfills each and every need of our customer’s businesses and helps in making their business successful. The Business card, which is tailor made for the needs of the SMEs, is another important step in that journey”
The Mashreq Platinum Business MasterCard Credit Card offers a guaranteed 1.25% Cashback on every dirham spent at any outlet in the UAE & a whopping 2.5% for spends anywhere in the world not just on the Primary card but on all supplementary cards while the Cashback redemption stays with the owner. To make it truly a Best Value Business credit card, the Mashreq Platinum Business MasterCard Credit Card comes Free for life with no Annual fee. Cashback earned will be reflected in the customer’s monthly Card statement and can be easily redeemed with a quick call to the bank. The card statement will reflect the transactions of all the cardmembers and will be sent to the Authorised Signatory.
In addition to the Cashback and unique discounts, the entity will also receive up to 25% discounts across over 650 restaurants located in the UAE with the UAE’s Best Dining Programme, Mashreq Flavors and exclusive offers on tickets with Mashreq’s Travel Programme.