Platinum MasterCard – Al Masraf

Platinum MasterCard

We are pleased to present you with the Al Masraf Platinum MasterCard® Credit Card.Our Al Masraf Platinum MasterCard® Credit Card is the defining purchasing tool for premium cardholders looking for worldwide acceptance, excellent service and exceptional benefits. If your passion is savoring life’s pleasures, this card is up to the task.

For any queries or billing information, simply call our 24-hr Call Centre on 600 52 9999, or walk to any Al Masraf branch or visit www.almasraf.ae This information was printed in April 2015 and was accurate as of that date and is subject to change. For current rate information, please call 600 52 9999 or visit www.almasraf.ae Al Masraf reserves the right to change its card pricing at any time.

Platinum: The defining purchasing tool for premium cardholders looking for worldwide acceptance, excellent service and access to remarkable benefits. Enjoy a life less ordinary and endlessly rewarding with benefits and services that allow you to get the best value with unmatched savings.

  1. Contactless Enabled: Make payments without swiping. Simply tap your card on the contactless enabled POS readers.
  2. Airport Lounge access: Travel with Unlimited Free access for you to over 25 regional and international lounges across UAE, Saudi Arabia, Jordan, Kuwait Egypt, Morocco, USA, UK, Canada, Germany & more. Access business facilities & enjoy complimentary refreshments. Simply show you Al Masraf Platinum card at participating lounges. For lounge locator or more information visit: www.mastercard.ae/platinum.
  3. Priceless Specials 2-for-1 offers: Provides thousands of offers (restaurants and vacations) throughout Middle East & Africa across fine dining, premium spa’s & activities. Offers available in UAE, KSA, Bahrain, Oman, Kuwait, Jordan and Lebanon. Download Priceless Specials mobile app from App store or Google Play store & register with the first 8 digits on your card
  4. Udemy: com is an online learning and teaching marketplace with over 130,000 courses. Unlock your potential and learn anything on your own schedule. Get up to 30% off on top trending courses and 50% off on course of the month (pre-selected courses). Visit: https://www.udemy.com/collection/mastercardmea and purchase the course with your MasterCard.
  5. 10% cashback on Booking.com: Enjoy 10% cashback on your next vacation when you book on booking.com. Offers over 6.2 million homes, apartments & unique places to stay. Simply register on www.booking.com/mastercardmea. Enter your Mastercard upon checkout. (please note that cashback will be credited to your card. The cashback time may vary as per the T&Cs).
  6. Cleartrip Airline discount: Book your ticket on cleartrip.com and get up to 30% discount your travel bookings. Simply go to me.cleartrip.com, select your flight and/or hotel and enter promo code Mastercard.
    Number of travelers / Room nights % Discount Maximum cap (USD) Maximum cap (USD) package
    5 30% 200 400
    4 25% 135 270
    3 20% 80 160
    2 15% 40 80
    1 10% 15 30
  7. Discounted Chauffeur rides with Careem: Now when you travel across the middle east you can enjoy discounts and privileges. Get 20% off 3 rides every month. For the discount Enter promo code MASTERCARD when booking.
  8. Up to 10% discount on rentalcars.com: Enjoy upto 10% discount. Rentalcars.com is a leading online car aggregator and it arranges car rentals from major and local brands across 160 countries. Simply go to www.rentalcars.com. Discount will be applied at checkout when you enter your Mastercard.
  9. Avis Car Rental: – Enjoy exclusive benefits whether you are travelling. Get a complimentary upgrade (subject to availability), 15% off on your car rental across Europe, Middle East, Africa & Asia & 12% off on your card rental across United States & Canada. Simply go to www.avisworld.com/mastercardmea.
  10. Purchase Protection: Shop with confidence knowing that purchases you make with your Platinum Mastercard are protected in case of theft or accidental damage up to 90 days from date of purchase. Coverage is up to USD 2,000 per claim and a maximum of USD 5,000 over a 12 month period. Simply visit www.mcpeaceofmind.com/platinum to claim.
  11. MyUS premium Shipping discounts: Shop at over 100,000 US retailers and get fast, reliable & affordable international shipping with MyUS. You will get a MyUS address to use at checkout with your online store, Free premium membership for 2 years (USD 120 value), Free account set-up (USD 20 value), 30% off shipping for the first month following registration & 20% off shipping for the remainder 2 year membership. Simply log on to www.myus.com/welcome/mastercardpremium to register.
  12. Al Masraf Rewards: A program that delivers amazing value by rewarding your spends with points which can be redeemed across multiple categories like Travel, lifestyle, leisure or simply redeem for cash back.
    1 USD – International spends 1 point
    1 USD – Local spends 0.75 points
    1 USD – Selected MCC’s, utilities & government service spends 0.5 point

* for Fees & charges please visit almasraf.ae
*All the features are valid only on using the Al Masraf Platinum card for the transaction
*Participating partner terms and conditions apply
*Terms and conditions apply

Primary Card Annual Fees
Up to AED 150 p.a.
Supplementary Card Annual Fees
Free
Retail Interest Rate*
 
Cash Advance Interest Rate
3% per month
Cash Advance
3% of cash obtained, with min of AED 100 per transaction
Cash Advance Limit
60% of credit limit
International Transaction Fees
2.75%
Choice of Monthly Payment
3% per month
Minimum Monthly Payment
5% of outstanding or AED 100 whichever is higher
Late Payment Fees
AED 230
Over limit Fees
AED 250
Statement Reprint Charges
AED 45
Transaction Slip Copy
AED 65
Cheque Returned Fee
AED 200
Grace Period - Retail Purchase
Upto 55 days on purchases (if amount outstanding is settled in full on or before the due date)
Grace Period - Cash
None
Card Replacement Fee
AED 75

*If the outstanding amount is not paid in full on or before the due date, interest will be charged on the amount outstanding from the transaction date.

Tenor
3 months
6 months
9 months
12 months
18 months
24 months
Interest Rate (per month)
0%
0%
0.69%
0.39%
0.39%
0.39%
Processing Fees
4%
4%
4%
5%
6%
6%
Min amount for Balance Transfer
AED 1000
AED 1000
AED 1000
AED 1000
AED 1000
AED 1000
Early Settlement Fees
AED 150 + remaining period interest
Tenor
3 months
6 months
9 months
12 months
18 months
24 months
Interest Rate (per month)
0.79%
0.79%
0.69%
0.39%
0.39%
0.39%
Processing Fees
4%
4%
4%
5%
6%
6%
Min amount for Easy Cash
AED 1000
AED 1000
AED 1000
AED 1000
AED 1000
AED 1000
Early Settlement Fees
AED 150 + remaining period interest

What is Contactless?

Contactless cards allow you to make payments without swiping. You can simply tap on any contactless enabled POS reader to pay for your purchases. PIN input is not required. For purchases more than Aed 300 you will need to input your PIN.

Will the contactless transaction work from 1st transaction after activation?

No. For your safety, the very first transaction after activation must be with your Chip & PIN. Post that contactless transaction will work as per set limits

What are my daily contactless limits?

You can use the card contactless 3 times a day upto a maximum of Aed 300 per transaction per day. Post that you will have to input your PIN.

Do merchants PoS have contactless limits?

Yes. Merchants assign their own contactless limits. In case the transaction is over their limit, merchant will request for PIN 

What if the shop does not accept contactless transactions?

You can use the card as normal by swiping & inputting the PIN.

Will I be liable if the card is lost or stolen?

You should immediately call Al Masraf call center on 600 529999 to report your card lost/stolen. We will block your card & you will not be held liable for any misuse on the card from therafter

Please refer to the related clauses added to the Cards Terms and conditions.

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