| Minimum Salary | Salary Transfer | Islamic Finance | Cashback | Annual Fee | Rate | |
|---|---|---|---|---|---|---|
Al Masraf Platinum Debit Card
|
Minimum Salary: AED 0 | Salary Transfer: No | Islamic Finance: No | Cashback: Yes | Annual Fee: AED 0 | Rate: 0% |
The Al Masraf Platinum Debit Card is a versatile purchase and ATM card that is automatically linked to your Al Masraf account, offering a blend of lifestyle rewards and global travel benefits.
Key Benefits:
- Earn 1% cashback on all international retail and online purchases (capped at AED 1,000 monthly).
- 4 complimentary airport lounge access to over 1,200 airport lounges globally via the Mastercard Travel Pass app.
- "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 15% discounts in Europe & MENA & 12% off in US/Canada. Upgrade (subject to availability).
- Get up to 20% off 3 rides every month.
- Free cash withdrawals from any ATM within the UAE.
- Get up to 30% off on top trending courses and 50% off on course of the month at Udemy.com.
- Up to 30% off on Cleartrip airline bookings and 10% cashback on Booking.com.
- Access to a free 2-year MyUS Premium membership and discounts on Farfetch.
- Coverage (theft or accidental damage) of USD 2,000 per claim, max cap of USD 5,000 over 12 month period.
Rates and Fees:
- Free for life.
Eligiblity & Requirements:
- UAE & Non-UAE Resident.
- Current/Savings AED Account holder.
- Corporate account holder.
- One primary card per account
- 21 years and above. For 18yrs+, internal legal approval would be required. No debit card will be issued for less than 18yrs.
- Supplementary debit card to be issued with bank required documentation
Documents Required:
- Copy of Passport with valid Residency Visa (for expats).
- Original and copy of valid Emirates ID.
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.
