The Mashreq Cashback Credit Card stands out for UAE residents seeking significant value on their everyday spending. Offering up to 5% cashback on local and international dining, this card brings impressive rewards right to your wallet. Notably, the card is free for life, meaning there are no annual fees for either the primary or supplementary cards. With a straightforward income eligibility starting at AED 5,000 per month and no minimum spend needed for cashback, this is a user-friendly credit solution.

Interest is set at 3.85% per month. Cashback rates vary: 5% for dining, 1% for international spends, up to 1% for local spends, and 0.33% for select expenditures like utilities or government services. New cardholders can earn a generous AED 500 welcome bonus when they spend AED 5,000 in the first two months, while existing Mashreq credit card customers receive AED 100 under the same conditions. In addition to reward points, the card frequently offers attractive partner deals such as 20% cashback on popular services for the first 4 months.

How to Apply for the Mashreq Cashback Credit Card

• Ensure you meet the minimum income requirement (AED 5,000 per month).
• Gather necessary documentation, including proof of ID and income.
• Complete the online or in-branch application form.
• Wait for credit approval and card issuance notification.
• Start using your card and enjoy cashback on all eligible spends.

Advantages of the Mashreq Cashback Credit Card

The primary advantage of this card lies in its generous cashback rates, especially the 5% on dining—ideal for frequent diners. The absence of annual fees makes it a cost-effective option for both new and loyal customers. Instant approval and issuance streamline the process, so you start reaping rewards quickly.

The card also packs extra value with a meaningful AED 500 welcome bonus for new users who hit the qualifying spend in the first two months. Supplementary cardholders enjoy the same no-fee structure, while all cardholders benefit from easy cashback redemption via the mobile app or online banking.

Considerations Before Applying

While the cashback offer is broad, it’s important to note the lower earnings of 0.33% on payments such as utilities and government services, which may not be as appealing for those with heavy spend in these categories. Furthermore, cashback is not awarded on balance transfers, cash advances, and fees.

Another point to remember is that the cashback earned has an expiry of 36 months and will be forfeited if the card remains inactive for a year. Customers must also remember to pay at least the minimum balance monthly, as cashback is credited towards the total but doesn’t count as a direct payment against the minimum due.

Our Verdict

The Mashreq Cashback Credit Card offers very strong value for UAE residents seeking simplicity, no annual fees, and high cashback for dining and shopping. The AED 500 welcome bonus and no-cost supplementary cards add even more appeal. However, those with significant utility or government payments may earn less. Its no-fuss application and straightforward rewards make this a standout choice for everyday use.