Ease, speed and convenience have become the norm for any brand that wants its products and services to appeal to customers, and banks are no different. Case in point – Credit cards. Who has the patience to visit a bank branch or have a bank representative visit them, fill a lengthy application form, provide copies of personal documents and wait a couple of days only to be told – “Sorry, your application has been denied”. So, if there’s an option to apply online for one and get instant approval, we’re all for it!
Let’s look at three feature-packed credit cards that take all the hassle away, thanks to instant approvals.
Mashreq Credit Cards
In an effort to digitize and simplify the product application process, Mashreq now offers end-to-end online application and instant approval for credit cards. Here’s a drill-down of how it works.
- Start the online application process by authenticating your mobile number.
- Scan your Emirates ID or upload a copy and verify your personal details.
- Provide your employment details and enter your IBAN for salary verification.
- Enter your address.
- Get instant approval for your credit card.
- The card is delivered to you in two business days – No document submission required!
Both new-to-bank customers as well as existing Mashreq customers can apply for a Mashreq Cashback, Mashreq Platinum Elite or Mashreq Solitaire credit card through this option.
Mashreq Cashback Credit Card
This cashback-earning credit card from Mashreq cuts through complicated terms and conditions to offer unlimited cashback on everyday spend categories, plus a bunch of other great benefits.
Cashback Earn Rate
You will earn 5% cashback on dining spend in the UAE, 2% cashback on international spend, and 1% cashback on all other local spend. And the best part – Your cashback earning potential is limitless because there are no caps on any cashback category.
This card offers a really cool welcome bonus too – Your cashback earn rate is automatically doubled in the first three months. So that translates into 10% cashback on dining spend in the UAE, 4% cashback on international spend, and 2% cashback on all other local spend – Again with no caps.
Besides the above, you also get 20% cashback on Netflix, Zomato, Careem, Noon, Du, Etisalat and others (capped at AED 50 per month on each). And your cashback can be redeemed instantly at the click of a button via online banking.
Other Perks & Privileges
Cardholders can enjoy up to 30% off at 2,000+ dining outlets in the UAE. This card also gets you access to Visa Platinum privileges like 12% off on bookings with Agoda, dining offers at 200+ airport locations via the ‘DragonPass Fly & Dine’ program, and thousands of 2-for-1 deals via the Visa Offers MENA’ app.
What does it take to own this credit card?
Minimum monthly salary requirement: AED 10,000
Annual fee: Zero! This credit card is free for life.
Monthly interest rate: 3.45%
Mashreq Platinum Elite Credit Card
Here’s a credit card that earns you lucrative rewards with the Mashreq Salaam Points program, along with some seriously ‘Elite’ perks.
Rewards Earn Rate
You will earn 3 Salaam Points for every Dirham worth of international spend, and 1 Salaam Point for every Dirham worth of local spend. All dining and duty-free spend is rewarded even further, earning you three times the regular Salaam Points. Your Salaam Points can be redeemed instantly for a wide range of products (apparel, jewelry, furniture etc.) across 2,000+ stores. Move over air miles – You can also use your Salaam Points to purchase flight tickets on any airline through a dedicated Salaam website.
Other Perks & Privileges
The star highlight of this card – You get AED 1,200 cashback on completing three transactions (worth at least AED 100) in the first two months. This card also promises the same 20% cashback on Netflix, Zomato, Careem, Noon, Du, Etisalat etc., as the Mashreq Cashback card listed above.
Along with the 30% discount at 2,000+ dining outlets in the UAE, cardholders also get complimentary access to 700+ airport lounges globally (8 per year), free airport pick up and drop services (3 per year), and complimentary visits to Fitness First (8 per billing cycle).
Many of the above-listed benefits are subject to the cardholder meeting a minimum spend criteria of AED 7,000 in the previous billing cycle.
What does it take to own this credit card?
Minimum monthly salary requirement: AED 10,000
Annual fee: Zero for the first year and AED 650 thereafter
Monthly interest rate: 3.45%
Mashreq Solitaire Credit Card
Love to enjoy the finer things in life? Here’s a credit card that won’t disappoint! Packed with premium privileges, the Mashreq Solitaire card will make your life in the UAE so much more luxurious.
Rewards Earn Rate
This card earns you 3 Salaam Points for every Dirham worth of international spend, and 1 Salaam Point for every Dirham worth of local spend. Redemption options span over 2,000+ retail stores in the UAE. There’s a cool bonus on top of this – You can earn AED 500 worth of Salaam Points within the first 60 days of acquiring the card (subject to spending at least AED 20,000 within this period).
Other Perks & Privileges
Starting with the most exciting bit – You get AED 2,000 cashback on completing three transactions (worth at least AED 100) in the first two months. The 20% cashback on Netflix, Zomato, Careem, Noon, Du, Etisalat etc., applies on this card too.
You get 30% off on luxury yacht charter services, 30% discount at various fine-dining restaurants in the UAE, round-the-clock concierge access, unlimited complimentary visits to Fitness First, free valet parking at popular locations (2 per month), and free rounds of golf at top golf clubs in the UAE (6 per month). Travel in style with free airport pick up and drop services (6 per year), complimentary access to 900+ airport lounges globally (12 per year), and Marhaba Silver Meet & Greet services within Dubai (6 per year).
Many of the above-listed benefits are subject to the cardholder meeting a minimum spend criteria of AED 10,000 in the previous billing cycle.
What does it take to own this credit card?
Minimum monthly salary requirement: AED 25,000
Annual fee: Zero for the first year and AED 1,500 thereafter
Monthly interest rate: 3.45%
HSBC Credit Cards
Besides offering the usual application routes (requesting a callback, applying by phone…), HSBC has made the application procedure incredibly easy and straightforward for first-time customers that are new to HSBC UAE. Here’s how the online application and instant approval process works.
- Fill up the online application form with your personal details, identity information (passport, residence visa and Emirates ID), address and employment details.
- Submit your application and save your Application Reference Number for future reference.
- Get instant online approval for the credit card and credit limit.
- Submit hard copies of all your documents to an HSBC representative.
- Get your credit card delivered to you within 24 hours.
HSBC Cashback Credit Card
HSBC Cashback Credit Card is the bank’s flagship and only cashback-earning credit card variant.
Cashback Earn Rate
You will earn 10% cashback on all fuel spend (capped at AED 100 per card statement cycle), 3% cashback on supermarket spend (capped at AED 200 per card statement cycle), and 1% cashback on all other spend (no cap). The cashback you earn is automatically credited into your credit card account every month.
Other Perks & Privileges
Cardholders get ‘Buy 1, Get 1 Free’ movie tickets at Vox Cinemas, 15% off on four Careem rides per month, thousands of ‘Buy 1, Get 1 Free’ offers through the complimentary HSBC Entertainer app, and up to 30% off at 400+ restaurants in the UAE with the ‘I Love Dining’ program. Golf enthusiasts can also enjoy great discounts at various golf clubs in the UAE and wider MENA region, thanks to the ‘Visa Golf Access’ program.
What does it take to own this credit card?
Minimum monthly salary requirement: AED 5,000
Annual fee: AED 299
Monthly interest rate: 3.25%
Looking to apply for a new loan, credit card or bank account? We’ve got you covered! Compare hundreds of credit cards, accounts, personal loans, car loans and mortgage products in the UAE.
