Mashreq launches the UAE’s ‘Smartest’ Cash-back Card

UAE’s leading financial institution, Mashreq announced the re-launch of the award-winning SmartSaver credit card in a new avatar, powered by never before ‘Everyday Savings’ benefits.

SmartSaver, which is already the best-selling cash-back credit card in the UAE, just got ‘Smarter’ with savings of up to a whopping 10%, with no caps, at over 450 partner outlets across 50 leading brands in 15 everyday spend categories including Supermarkets, Fashion, Apparel, Home Décor, Health & Wellness, Travel, Hospitality, Books & Stationery, Car Rentals, Auto Accessories, Electronics, Jewellery and many more.

With a guaranteed give-back of 1.25% on every domestic purchase, 3.25% on all international spends, 5% savings on all education, telecom and utility bill payments and no joining or annual fee, SmartSaver appeals directly to the value-conscious customer with a very fundamental and powerful promise of simplicity and transparency. With SmartSaver, what you see is what you get - no tiers, no thresholds, no complicated calculations. Pure savings of up to AED 30,000 per annum, from the very first Dirham of spend.

Nimish Dwivedi, Head of Cards at Mashreq said, “The typical cash-back card in the UAE is focused largely on specific categories of spends such as supermarkets or education with the actual give-back to customers being subject to multiple ‘ifs’ and ‘buts’ – tiers, thresholds,  exclusions etc. With SmartSaver, we’ve done away with the ambiguity and transformed the savings universe. Cardholders or should I say, ‘SmartSavers’ get a ‘no-strings attached’ give-back on every spend, benefit from additional savings in high-expense categories like school fees, telecom and utility spends that tend to strain the household budget and most uniquely, get bonus savings of up to 10% on typical everyday spends at leading brands such as Al Maya, Al Adil, BHS, Mom & Me, Raymond, Park Avenue, Leather Palace, Homes r Us, Fitness First, Prime Medical Centre, VLCC, Kinokuniya, Borders, Al Futtaim Travels, Emax, Oman Insurance and many more. Clearly ordinary cash-back is passé. Smart Savings are here to stay!”

 Eyad Al Kourdi, UAE Country Head, MasterCard said: “MasterCard is constantly looking for new ways to provide innovative and enhanced payment solutions in the UAE. The Mashreq SmartSaver credit card is what every consumer requires – simple, secure, and hassle free way to save money. We are delighted to once again be offering our customers payment solution options, along with our long-term partner Mashreq Bank.”