Managing your finances efficiently is essential, especially when you have a credit card that not only provides financial flexibility but also offers savings in key spending categories. The Mashreq Bank Easy Saver Credit Card stands out for its ability to provide cashback on everyday expenses, along with interest-free installment plans and savings on fuel and supermarket purchases.
In this article, we’ll explore the detailed features of the Mashreq Bank Easy Saver Credit Card, focusing on its cashback rates, how installment plans work, and the specific savings it offers on essential daily expenditures like fuel and groceries.
Top 5 Banks Offering Credit Cards for Salaries Up to AED 5000 in the UAE
Cashback Rates on the Mashreq Easy Saver Credit Card
One of the most appealing features of the Mashreq Easy Saver Credit Card is its cashback program, which allows cardholders to earn money back on a wide range of purchases. Here’s a closer look at how the cashback rates work:
1. Fuel Cashback – Up to 5%
With rising fuel prices, saving on fuel purchases has become a priority for many. The Mashreq Easy Saver Credit Card offers up to 5% cashback on fuel purchases across all fuel stations in the UAE. This makes it an ideal card for frequent drivers, providing significant savings on a necessary expense that tends to add up quickly.
For example, if you spend AED 1000 per month on fuel, you can earn AED 50 in cashback, which you can use to offset your next month’s fuel purchases or apply to other purchases.
2. Supermarket Cashback – Up to 5%
Another standout feature of the Mashreq Easy Saver Credit Card is its cashback offer on supermarket purchases. Cardholders can earn up to 5% cashback when shopping at major supermarkets across the UAE. Whether you’re doing your weekly grocery shopping or stocking up on essentials, this cashback helps reduce your overall spending on food and household items.
This cashback benefit can significantly impact your budget, especially for families that spend a large portion of their income on groceries. For instance, if you spend AED 2000 a month at supermarkets, you can earn AED 100 back, allowing you to enjoy meaningful savings on everyday expenses.
3. Cashback on Other Purchases
Beyond fuel and groceries, the Mashreq Easy Saver Credit Card offers cashback on other general purchases, including dining and online shopping. Although the cashback percentage may vary depending on the category, cardholders still benefit from having a consistent cashback program that rewards them for everyday spending.
Interest-Free Installment Plans
Another key benefit of the Mashreq Easy Saver Credit Card is its interest-free installment plans, designed to give you more control over your finances when making large purchases. With these installment plans, you can convert your significant transactions into manageable monthly payments without accruing interest.
1. Flexible Payment Terms
The Mashreq Easy Saver Credit Card allows you to break down your big-ticket purchases into equal monthly installments (EMI), which can be spread out over a period of 3, 6, or even 12 months. This flexibility makes it easier to budget for larger expenses, such as electronics, furniture, or travel bookings, while avoiding the stress of paying off the full amount at once.
For instance, if you purchase an appliance for AED 6000, you can split the cost into 12 equal payments of AED 500 per month without any added interest. This feature is particularly useful when managing your finances around high-cost purchases.
2. No Interest or Fees on Installments
Unlike many other credit cards that charge interest or additional fees for installment plans, the Mashreq Easy Saver Credit Card offers interest-free plans, allowing you to pay off your purchases over time without extra charges. This feature is ideal for cardholders who want to spread the cost of purchases while keeping their overall expenses under control.
3. Easy Setup and Flexibility
Setting up an installment plan with the Mashreq Easy Saver Credit Card is simple. You can easily request to convert a purchase into an installment plan through Mashreq’s online banking or by calling their customer service. This process is seamless, ensuring that you can start managing your payments quickly and efficiently.
Savings on Fuel and Supermarket Purchases
One of the primary reasons many cardholders choose the Mashreq Easy Saver Credit Card is its ability to offer savings on essential purchases, particularly fuel and groceries.
1. Fuel Savings Across All Stations
With up to 5% cashback on fuel purchases, the Mashreq Easy Saver Credit Card is an excellent choice for anyone who regularly drives in the UAE. Unlike other cards that limit cashback to specific fuel stations, Mashreq allows you to earn cashback at any fuel station across the country, providing unparalleled flexibility and convenience. This means you don’t have to worry about finding a particular station to take advantage of the savings.
2. Supermarket Savings
Grocery shopping is one of the biggest monthly expenses for most households, and the 5% cashback on supermarket purchases provided by the Mashreq Easy Saver Credit Card helps reduce the financial burden. The card’s cashback feature applies to major supermarket chains, ensuring that you save on every grocery run without needing to change your shopping habits.
By consistently using the Mashreq Easy Saver Credit Card for fuel and grocery purchases, cardholders can save hundreds of dirhams each year, making it a valuable financial tool for managing everyday expenses.
How to Apply for the Mashreq Easy Saver Credit Card
Applying for the Mashreq Easy Saver Credit Card is simple and straightforward. Here’s a brief guide on how you can get started:
1. Check Eligibility
To qualify for the Mashreq Easy Saver Credit Card, you need to meet the following criteria:
- A minimum monthly salary of AED 5000
- Age: 21 years or older
- Valid Emirates ID and passport
- Proof of employment and income (such as a salary certificate or bank statements)
2. Submit Your Application
You can apply for the Mashreq Easy Saver Credit Card through the Mashreq Bank website or by visiting a Mashreq branch. The application process involves submitting your personal and employment information, along with proof of income.
3. Approval Process
Once your application is submitted, Mashreq Bank will review your documents and eligibility. If approved, you will receive your Mashreq Easy Saver Credit Card within a few days, allowing you to start taking advantage of its cashback benefits and other features right away.
Conclusion
The Mashreq Bank Easy Saver Credit Card is an ideal choice for those looking to save on fuel and grocery purchases, while also benefiting from interest-free installment plans. With up to 5% cashback on both fuel and supermarket purchases, this card offers a simple yet effective way to reduce your monthly expenses. The added benefit of flexible installment options for larger purchases makes it a valuable financial tool for managing both everyday spending and significant transactions.
For those in the UAE looking to get the most out of their credit card, the Mashreq Easy Saver Credit Card provides an excellent combination of cashback rewards, flexible payment options, and savings on essential expenses.
