Mashreq Cashback Credit Card
A no-fee cashback credit card by Mashreq with 5% cashback on dining and 1% on international and all other spends.
Free
5% dining
AED 5,000
3.14%
This card also has an Islamic/Sharia-compliant version (Mashreq Al Islami Cashback Islamic Credit Card).
Who Is This Card For?
Quick answer before the detailed explanation
Good fit if
You spend AED 5,000 to 10,000 monthly with frequent dining purchases.
Not ideal if
You prioritize travel rewards or spend heavily on groceries and shopping.
Watch out for
3.14% FX markup reduces value on international transactions despite 1% cashback.
Calculate This Card’s Value
Earning Rates
5%
1%
1%
0.33%
0.33%
Perks
Key Strengths and Weaknesses
Strengths
5% cashback on dining with no monthly or annual cap.
No annual fee makes it cost-effective for moderate spenders.
1% cashback on all other spends and international purchases.
AED 500 welcome bonus for new customers after AED 5,000 spend.
Watch out for
Only 0.33% cashback on utilities and education, well below baseline.
3.14% FX markup erodes international cashback to a net loss.
Weak performance at AED 20,000 monthly spend with balanced categories.
Fees & Conditions
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Frequently Asked Questions
Is there an annual fee for the Mashreq Cashback Credit Card?
No, this card has no annual fee, making it a cost-effective option for earning cashback without ongoing charges.
How much cashback do I earn on dining?
You earn 5% cashback on all dining purchases with no cap. This is the card's strongest earning category.
Can I use this card abroad?
Yes, you earn 1% cashback on international purchases. However, the 3.14% FX markup means you pay more than you earn back, resulting in a net cost of around 2.14%.
Does this card earn cashback on school or university fees?
Yes, but only 0.33% cashback on education spend, which is lower than the 1% baseline on all other spends.
How does the welcome bonus work?
New credit card customers receive AED 500 cashback after spending AED 5,000 within the first 60 days. Existing Mashreq customers receive AED 100.