| Minimum Salary | Salary Transfer | Islamic Finance | Cashback | Annual Fee | Rate | |
|---|---|---|---|---|---|---|
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Al Masraf Mastercard World
|
Minimum Salary: AED 30,000 | Salary Transfer: No | Islamic Finance: No | Cashback: Yes | Annual Fee: AED 500 | Rate: 3% |
The Al Masraf World is a premium credit card designed for high-value rewards on travel and lifestyle spending.
Key Benefits:
- Rewards Points: 0.735 pts per 1 US$ - International spends; 0.735 pts per 1 US$ - Local spends; (Equivalent to %1 Cashback); NO MAX CAP
- 8 complimentary airport lounge access to over 1,200 airport lounges globally via the Mastercard Travel Pass app.
- 1 complimentary Careem airport rides per year within the UAE.
- 3 complimentary fast-track passes per year at participating airports via Travel Pass.
- "Buy 1 Get 1 Free" Pricelss Specials for fine dining and activities across the Middle East and Africa.
- Contactless: Up to AED 500 without PIN
- Digital wallets.
More Product Benefits:
- Up to USD 500,000 travel insurance for emergency medical expenses, evacuation, and repatriation.
- Free Travel Insurance Letter - Schengen Visa.
- Carrefour Discount: Spend a minimum of AED 250 to get AED 40 off.
- Talabat: 20% on 1 food or grocery delivery orders per month.
- Costa (Dubai Airports): Up to 2 items from a pre-determined food/ drink list.
- Shahid: 50% off on VIP monthly package.
- Global Blue VIP Service for VAT reclaim.
- Cash advance limit 75%
- Up to 9 supplementary cards.
- Heathrow Express: 12% off on Express Class and Business First tickets between London Paddington and Heathrow Airport.
- Booking.com: 7% wallet credit on their next booking.
Rates and Fees:
- Free for the 1st year; AED 500 thereafter (plus VAT).
Eligiblity & Requirements:
- A minimum salary of AED 30,000
- UAE Resident or UAE National.
- Minimum age 21
- Employed: Minimum 6 months of service with a confirmed employer.
- Self-employed: Minimum 2 years in operation with an average balance of over AED 50,000.
Documents Required:
- Copy of Passport with valid Residency Visa (for expats).
- Original and copy of valid Emirates ID.
- Latest Salary Certificate (issued within the last 30 days).
- Last 2 to 6 months of bank statements showing salary credits to the same IBAN.
- Security Cheque (undated).
Terms and conditions apply, subject to change without prior notice.
** 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.
