16 September 2015

Mashreq Bank introduces reward-heavy SmartSaver Visa Platinum credit card

Source: Mashreq Bank website.
UAE’s Mashreq Bank has announced the SmartSaver Visa Platinum credit card, a cashback card that offers savings of up to 10%, with no caps or limits, at over 450 partner outlets across 50 leading brands. There are no spend tiers, no thresholds to be met, no complicated calculations and no annual fees.

According to Mashreq, there is a guaranteed return of 1.25% on all domestic and 2.5% on all international spends.

Nimish Dwivedi, Head of Cards at Mashreq said, "SmartSaver is the next generation cashback card with a market-defining proposition that keeps the consumers interests front and centre. Our exclusive and ever-growing ‘smart savings’ partnerships with over 450 partner outlets including leading brands such as Al Adil, Al Maya, Homes r Us, Kalyan Jewellers, Prime Medical Centre, Kinokuniya, BHS, VLCC and Oman Insurance, give us a unique advantage over competitor offerings.

Source: Mashreq Bank. Dwivedi.

"Add the ‘no-strings attached’ give-back on every domestic and international spend, the bonus savings on high-expense categories like school-fees, telecom and utility payments, dining discounts of up to 40% at over 3,000 restaurants in the UAE and abroad, free travel insurance, discounts on cinema tickets, complimentary purchase protection and extended warranty benefits and you have a card for all seasons that fundamentally transforms the savings universe."

Marcello Baricordi, Visa's General Manager for the UAE & Global Accounts Lead MENA, said: "Visa is pleased to partner with Mashreq to launch an all-encompassing product that gives cardholders incredible savings and rewards. A notable feature of the new Mashreq SmartSaver Visa Platinum Credit Card is the cashback on international spends.

"Besides benefiting from savings on essential purchases, cardholders can also make smart purchases on the go using Visa Checkout – the new simple and speedy solution for online shopping. Overall, the SmartSaver card offers benefits every step of the way and at the same time enjoy the peace of mind of safe and secure transactions with Visa."


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