Continuing its leadership position in the credit cards space, leading financial institution Mashreq launched the First Everyday Card in the UAE, which provides genuine cash back on all domestic, international purchases, education and utility spends with no minimum spend thresholds ensuring that customers earn cash back on purchases starting from one Dirham.
Creating the most powerful and value packed Cashback offering in the UAE, Mashreq Everyday SmartSaver Card has partnered with more than 100 & growing outlets in the UAE, whereby customers receive up to 6.25% Cashback on each transaction at anytime with no restrictions and no tiers. These outlets include every possible category that comprises a customer’s day to day spending. The Everyday SmartSaver Credit Card will also offer customers a guaranteed 1.25% Cashback on every dirham spent at any outlet in the UAE & a whopping 3.25% for spends anywhere in the world.
Nimish Dwivedi, Head of Payments said, “We are taking Cashback cards to another level. Our objective is to enable our valued customers to save on their everyday spending & on their overall spends. Hence, for the first time in the UAE, we have entered into strategic alliances with our valued partners across all everyday spend categories – supermarkets to daily delights, home furnishing, retail & fashion to much more and are providing no threshold, no limit based Cashback at over 100 outlets in the UAE.”
Partner outlets include, for supermarkets, there’s Al Adil with 19 outlets, Home furnishing with Homes r Us across 10 outlets, choices in supermarkets with West Zone, Al Manama and Al Safeer supermarkets, daily indulgence with Bombay Chowpatty across 8 outlets, Retail & fashion with Al Safeer Group, Grand Optics, Champion Cleaners and much more.
To enable customers to save on all their everyday spends, with no additional cost, the Everyday SmartSaver card comes Free for life with no Annual fee and also provides never before 5% off on all education & utility spends. Cashback earned will be reflected in the customer’s monthly Card statement and can be easily redeemed by calling the Direct Banking Center.
H.R. Amarnani, Executive Director for Lal’s Group & Home r Us said, “We are extremely pleased to partner with Mashreq to offer our customers the cash-back facility. The Smart Saver Credit Card is a wonderful product that will offer our valued customers a delightful shopping experience and genuine savings. Whilst Mashreq is known to deliver customized solutions for diverse consumer needs, Homes r Us holds a strong reputation in the Middle East for providing world-class solutions in home interiors and accessories at value for money prices.”
Dr. Dhananjay Datar, Chairman & Managing Director of Al Adil Group said, “We are delighted to be associated with Mashreq to offer cash back at all our outlets. With the strong cash back offering from Al Adil, we are confident that Mashreq SmartSaver Credit Card will become the most preferred cash back card in the UAE.
Over and above the Cashback and unique discounts, customers 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