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.

New customers receive AED 500 cashback, while existing Mashreq customers get AED 100. The bonus is credited once you spend AED 5,000 within the first two months of getting the card, so it requires hitting that spend threshold quickly.

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 Annual Percentage Rate is 46.2%, and both foreign currency and international transactions carry a 2.89% fee. Late payment costs AED 241.5, a cash advance costs AED 210, and going over your credit limit costs AED 303.45. There's also a Pay Protect Insurance charge equal to 1.04% of your monthly statement balance, plus VAT.