Mashreq Cashback Credit Card

No. Both the joining fee and annual fee are AED 0, so the card is free to get and free to keep. The supplementary card fee is also AED 0, so adding a second cardholder doesn't add a yearly cost either.

You need a minimum monthly salary of AED 5,000 and to be at least 21 years old to apply. There's no minimum credit limit requirement listed for this card.

Applicants without a current Mashreq credit card qualify for AED 500; applicants who held one within six months qualify for AED 100. Spend AED 5,000 in the first two months after issuance. The bonus is credited by the end of the third month.

For the first four months after card issuance, you earn 20% cashback on Netflix, Talabat, Careem and other select merchants under the Additional Cashback welcome offer. This is capped at AED 50 per merchant per month, so it's a limited-time boost rather than an ongoing rate.

You get 5% cashback on dining (both local and international, with no monthly or annual cap), 1% on international non-dining purchases, and 1% unlimited cashback on all other local spending. Government payments, utilities, education, charity, fuel, rent and telecom earn 0.15%. Utility bill payments made through Mashreq payment channels, including Mashreq Online and the Mobile Banking App, do not earn cashback.

The KFS lists 46.2% annual retail interest, a 2.89% bank spread on international transactions (plus scheme charges for non-AED purchases), AED 241.50 for late payment, 3.15% for cash advances, subject to a minimum charge, and AED 303.45 for exceeding the limit. PayProtect is 1.04% of the outstanding balance.