| Minimum Salary | Salary Transfer | Islamic Finance | Cashback | Annual Fee | Rate | |
|---|---|---|---|---|---|---|
Mashreq - Classic Credit Card
|
Minimum Salary: QAR 5,000 | Salary Transfer: Yes | Islamic Finance: No | Cashback: No | Annual Fee: QAR 149 | Rate: 1% |
The Classic Credit Card from Mashreq comes with a range of benefits to suit contemporary tastes. With advantages in shopping, travelling and dining it makes your life easier and simpler and is ideal for customers looking for ease of access to cash, funds transfers and simplified bill payments.
Mashreq Classic Credit Card Features:
If you spend QAR 1,200 at a purchase interest rate of 18.9% (variable) your representative APR will be 18.9% (variable).
Mashreq Classic Credit Card Features:
- Credit Shield waives the outstanding balance on your card in case of loss of life, total permanent disability or loss of employment for a monthly fee
- 24-hour Cardmember Care Line offers instant multilingual service with our personal banking advisors
- Accident Care
- Minimum payment- only 3% of the balance for salaried customers and 5% of the balance for non-salaried customers with a minimum amount of QAR 50
- Transfer your credit card balance from other banks at attractive interest rates
- Easy Payment Plans offer you the convenience to 'buy now and pay later' in convenient monthly instalments
- Easy Cash allows you to take a hassle free loan up to 75% of your credit limit
- Minimum Salary - QAR 5000
- Convenient repayment procedures mean that no interest is charged when you make a full balance payment.
- 0% interest installment plan in selected partner outlets.
- Free supplementary cards for your family members.
- Online banking services let you bank from anywhere in the world
- Free Supplementary Cards for your family members
- Auto Payment Service available as a Mashreq account holder
- Salaried Customers - 1%
- Self-employed Customers - 2.75%
- Salaried Customers - 149
- Self-employed Customers - N/A
- Supplementary - No charge
- Replacement Card Fee - QAR 150
If you spend QAR 1,200 at a purchase interest rate of 18.9% (variable) your representative APR will be 18.9% (variable).
** Calculator Definitions
Amount:
The total amount of money borrowed, also referred to as the principal amount.
Rate (%):
This is the annual interest rate on the product which is equivalent to APR, which is going to be calculated in this example.
Years:
This is the original term or length of the product, stated in years.
Effective Monthly Payment:
This is the effective monthly payment, which takes into consideration fees and other costs associated with this product. The effective monthly payment is the basis for the APR calculation.
Calculated Annual Percentage Rate (%):
The Calculated Annual Percentage Rate (APR) is determined using the annual interest rate of the product plus fees and other costs. This rate may differ from bank to bank. APR is useful when comparing two or more products with different interest rates and fee structures.
