Service Charges for Credit Cards
Mashreq Core Credit Cards
| Charges (in AED) | Platinum | Gold | Classic |
|---|---|---|---|
| Principal Annual Fee | 650 | No charge | No charge |
| Supplementary Annual Fee | 149 | No charge | No charge |
| Maintenance Fee | No Charge | 10 per month | 10 per month |
| Replacement Fee | 150 | 100 | 100 |
| Returned Cheque Fee | 300 | 300 | 300 |
| Late Payment Fee | 179 (259 w.e.f. 23rd June 2012) | 179 (259 w.e.f. 23rd June 2012) | 179 (259 w.e.f. 23rd June 2012) |
| Overlimit Fee | 179 | 179 | 179 |
| Additional Copy of Statement Fee | 15 | 15 | 15 |
| Retail Interest Rate (p.m.) | 2.69% (2.99% w.e.f. 23rd June 2012) | 2.99% (3.09% w.e.f. 23rd June 2012) | 3.09% |
| Cash Advance Interest Rate (p.m.) | 3.09% | 3.09% | 3.09% |
| Cash Advance Fee | 3% or AED 100 whichever is higher | 3% or AED 100 whichever is higher | 3% or AED 100 whichever is higher |
| Currency Conversion Fee * | ~ 2.80% | ~ 2.80% | ~ 2.80% |
| Credit Shield | Charged at 0.89% of outstanding | Charged at 0.89% of outstanding | Charged at 0.89% of outstanding |
| Accident Care | AED 300,000 cover at AED 30 p.m. | AED 300,000 cover at AED 30 p.m. | AED 300,000 cover at AED 30 p.m. |
| Mashreqpoints on Utility bill Payments, Telephone, Water and Electricity | Capped at 5,000 points p.m. per customer | Capped at 5,000 points p.m. per customer | Capped at 5,000 points p.m. per customer |
| SMS Service | No charge | No charge | No charge |
| Balance Transfer / Easy Cash Processing Fee/ 0% EPP offers | 1% | 1% | 1% |
| Installment Plan Cancellation (Only applicable for 0% EPP offers) | 100 | 100 | 100 |
| Credit Card payment at Mashreq Branches | 25 | 25 | 25 |
| Credit Card payment at third party locations | Free | 4 | 4 |
| Maximum Interest Free Period (retail transactions only) | Upto 56 days | Upto 56 days | Upto 56 days |
| No. of days from Statement Date to Payment Due Date | 25 days | 25 days | 25 days |
Mashreq Co-brands: Etisalat Mashreq Credit Card (EMCC) & Grand Entertainment Card & Air Arabia Mashreq Credit Card
| Charges (in AED) | EMCC Classic | EMCC
Gold | EMCC Platinum | Grand Entertainment |
|---|---|---|---|---|
| Principal Annual Fee | No charge | No charge | No charge | 300 |
| Supplementary Annual Fee | No charge | No charge | No charge | 50 |
| Maintenance Fee | No charge | No charge | No charge | No charge |
| Replacement Fee | 100 | 100 | 100 | 100 |
| Returned Cheque Fee | 300 | 300 | 300 | 300 |
| Late Payment Fee | 179 (259 w.e.f. 23rd June 2012) | 179 (259 w.e.f. 23rd June 2012) | 179 (259 w.e.f. 23rd June 2012) | 179 (259 w.e.f. 23rd June 2012) |
| Overlimit Fee | 179 | 179 | 179 | 179 |
| Additional Copy of Statement Fee | 15 | 15 | 15 | 15 |
| Retail Interest Rate (p.m.) | 3.09% | 2.99% (3.09% w.e.f. 23rd June 2012) | 2.99% (3.09% w.e.f. 23rd June 2012) | 2.99% (3.09% w.e.f. 23rd June 2012) |
| Cash Advance Interest Rate (p.m.) | 3.09% | 3.09% | 3.09% | 3.09% |
| Cash Advance Fee | 3% or AED 100 whichever is higher | 3% or AED 100 whichever is higher | 3% or AED 100 whichever is higher | 3% or AED 100 whichever is higher |
| Currency Conversion Fee* | ~ 2.80% | ~ 2.80% | ~ 2.80% | ~ 2.80% |
| Credit Shield | Charged at 0.89% of outstanding | Charged at 0.89% of outstanding | Charged at 0.89% of outstanding | Charged at 0.89% of outstanding |
| Accident Care | AED 300,000 cover at AED 30 p.m. | AED 300,000 cover at AED 30 p.m. | AED 300,000 cover at AED 30 p.m. | AED 300,000 cover at AED 30 p.m. |
| Points on Utility bill Payments, Telephone, Water and Electricity | Capped at 5,000 points p.m. per customer | Capped at 5,000 points p.m. per customer | Capped at 5,000 points p.m. per customer | N/A |
| SMS Service | No charge | No charge | No charge | No charge |
| Balance Transfer / Easy Cash Processing Fee | 1% | 1% | 1% | 1% |
| Installment Plan Cancellation (Only applicable for 0% EPP offers) | 100 | 100 | 100 | 100 |
| Credit Card payment at Mashreq Branches | 25 | 25 | 25 | 25 |
| Credit Card payment at third party locations | 4 | 4 | 4 | 4 |
| Maximum Interest Free Period (retail transactions only) | Upto 56 days | Upto 56 days | Upto 56 days | Upto 56 days |
| No. of days from Statement Date to Payment Due Date | 25 days | 25 days | 25 days | 25 days |
| Charges (in AED) | Air Arabia Classic | Air Arabia Platinum |
|---|---|---|
| Principal Annual Fee | 100 | 200 |
| Supplementary Annual Fee | 50 | 50 |
| Maintenance Fee | No Charge | No Charge |
| Replacement Fee | 100 | 100 |
| Returned Cheque Fee | 300 | 300 |
| Late Payment Fee | 179 (259 w.e.f. 23rd June 2012) | 179 (259 w.e.f. 23rd June 2012) |
| Overlimit Fee | 179 | 179 |
| Additional Copy of Statement Fee | 15 | 15 |
| Retail Interest Rate (p.m.) | 3.09% | 2.99% (3.09% w.e.f. 23rd June 2012) |
| Cash Advance Interest Rate (p.m.) | 3.09% | 3.09% |
| Cash Advance Fee | 3% or AED 100 whichever is higher | 3% or AED 100 whichever is higher |
| Currency Conversion Fee* | ~2.80% | ~2.80% |
| Credit Shield | Charged at 0.89% of outstanding | Charged at 0.89% of outstanding |
| Accident Care | AED 300,000 cover at AED 30 p.m. | AED 300,000 cover at AED 30 p.m. |
| Points on Utility bill Payments, Telephone, Water and Electricity | Capped at 5,000 points p.m. per customer | Capped at 5,000 points p.m. per customer |
| SMS Service | No charge | No charge |
| Balance Transfer / Easy Cash Processing Fee | 1% | 1% |
| Installment Plan Cancellation (Only applicable for 0% EPP offers) | 100 | 100 |
| Lost/Stolen Priority Pass replacement fee | No Charge | 100 |
| Credit Card payment at Mashreq Branches | 25 | 25 |
| Credit Card payment at third party locations | 4 | 4 |
| Maximum Interest Free Period (retail transactions only) | Upto 56 days | Upto 56 days |
| No. of days from Statement Date to Payment Due Date | 25 days | 25 days |
- * The revised rate is effective March 1, 2012
- No points will be earned on Interest and/or Cash Advance.
- The Bank may at any time at its sole discretion and determination replace, change, amend or supplement any of the charges herein mentioned.
