27 November 2014

Mashreq relaunches SmartSaver credit cards

Mashreq, a major financial institution in the UAE, has re-launched its SmartSaver credit card. SmartSaver, a top cash-back credit card in the UAE, now offers savings of up to 10%, with no caps, with 50 leading brands.

Source: Mashreq.
The card offers returns 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, Mashreq said.  

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.”

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.”

SmartSaver cards are accepted at over 450 partner outlets across 15 categories including supermarkets, fashion, apparel, home dcor, health & wellness, travel, hospitality, books & stationery, car rentals, auto accessories, electronics, and jewellery.