The Mashreq Cashback Credit Card is a popular choice among UAE residents who value direct rewards and savings. Cardholders can enjoy up to 5% cashback on dining both locally and internationally. As an enticing feature, the card is truly free for life with no annual fees for both the primary and supplementary cards.

MInimum monthly income eligibility stands at AED 5,000. For new customers, a generous AED 500 welcome bonus is awarded when you spend AED 5,000 in the first two months from the date of issuance. The interest rate is 3.85% per month, and monthly payments start from 5% of the balance. The credit limit will be subject to the bank’s approval based on your profile and income.

How to Apply

Follow this simple process to apply for your Mashreq Cashback Credit Card:

1. Fill out the online application with personal and financial information.
2. Submit proof of UAE residency and minimum income documentation.
3. Wait for approval, which may be instant for eligible applicants.
4. Receive and activate your card within just a few days.

Pros of the Mashreq Cashback Credit Card

One of the biggest advantages is the up to 5% cashback on all dining spends, making this card ideal for foodies and frequent diners. New users benefit from a substantial AED 500 welcome bonus after meeting the eligible spends.

The card is free for life, meaning there are no annual or supplementary card fees. The straightforward cashback rewards and transparent policy make budgeting and tracking your rewards much easier. There are also 20% cashback deals for the first four months with merchants like Netflix, Talabat, and Careem.

Cons to Consider

Government, utility, education, charity, fuel, rental, and telecom payments only earn 0.33% cashback, which is quite minimal. Cashback is not available for bill payments made via Mashreq’s online and mobile banking channels. The cashback you earn expires after 36 months if not redeemed and minimum AED 100 cashback must accumulate before redemption.

Verdict

The Mashreq Cashback Credit Card is one of the top choices in the UAE for those seeking direct, high cashback rewards and zero annual fees. Those who dine often, spend on entertainment, and want a simple, rewarding card will find great value. However, if your primary spends are bill payments, there may be better options. Overall, this card is highly recommended for everyday spending, and the onboarding offers add strong short-term value.