UAE-based lender Mashreq has introduced a next generation cash-back card, dubbed the SmartSaver Visa Platinum Credit Card.
The new card offers consumers savings of up to 10% with no caps or limits, at more than 450 partner outlets across 50 leading brands in 15 everyday spend categories.
Cardholders will receive a guaranteed give-back of 1.25% on all domestic and 2.5% on all international purchases.
They will also get a 5% give-back on various categories such as education, telecom and utility bill payments. The credit card will not charge any annual fees.
Mashreq head of cards Nimish Dwivedi said: "SmartSaver is the next generation cashback card with a market-defining proposition that keeps the consumers interests front and centre.
"Our exclusive and ever-growing ‘smart savings’ partnerships with over 450 partner outlets including leading brands such as Al Adil, Al Maya, Homes r Us, Kalyan Jewellers, Prime Medical Centre, Kinokuniya, BHS, VLCC and Oman Insurance, give us a unique advantage over competitor offerings.
"Add the ‘no-strings attached’ give-back on every domestic and international spend, the bonus savings on high-expense categories like school-fees, telecom and utility payments, dining discounts of up to 40% at over 3,000 restaurants in the UAE and abroad, free travel insurance, discounts on cinema tickets, complimentary purchase protection and extended warranty benefits and you have a card for all seasons that fundamentally transforms the savings universe."