World MasterCard – Al Masraf

World MasterCard

We are pleased to present you with the Masraf World MasterCard® Credit Card.The combination of worldwide acceptance and valuable features means that you have the freedom to do exactly what you want, whenever you feel like it. And travel-specific features and benefits give you the exceptional service you’ve come to expect from your Al Masraf credit card.

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.

World Elite: Unlocking a world of travel, lifestyle and insurance benefits giving you the flexibility to explore the places and pursuits that matter most to you. Enjoy exclusive access and peace of mind whether you are traveling on a business trip or with family for a vacation

  1. Contactless Enabled: Make payments without swiping. Simply tap your card on the contactless enabled POS readers.
  2. Airport Lounge access: You can travel globally with Unlimited Free Airport Lounge access through lounge key. Over 900 lounges in more than 450 cities. Simply show your World Mastercard at the participating lounges. Download Mastercard for you app to view the list of participating lounges.
  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. 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).
  5. Complimentary nights at Marriott Bonvoy Hotels: Get Free nights on hotel bookings at over 200 participating Marriott Bonvoy hotels across Middle East & Africa like St Regis, W, Westin, Sheraton, Le Meridien, Four Points, aLoft etc. You get 1 complimentary night upon booking for 2 hotel nights or 2 complimentary night upon booking for 6 hotel nights. Simply call Mastercard Concierge to book. Simply visit www.marriott.com/mastercardmea to book.
  6. Upto 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.
  7. Hertz Gold Plus Rewards Five Star membership: Renting a car is now hassle free. You get special privileges & benefits like complimentary one class car upgrade (subject to availability) at participating outlets, By passing queues, up to 15% off best publicly available rates at participating outlets etc. Simply go to hertz.com/mcworld to enroll.
  8. Avis Car Rental: Enjoy exclusive benefits whether you are travelling with family or on business. Complimentary upgrade with every rental worldwide, upto 25% off on your car rental. Simply go to www.avisworld.com/mastercardmea
  9. Cleartrip Airline discount: Book your ticket on cleartrip.com and get 10% discount on any international roundtrip airfare with no minimum amount restrictions. Unlimited usage on this offer. Simply go to www.me.cleartrip.com & enter promo code MCWORLD.
  10. Global Blue VIP Service for VAT reclaim: Complimentary access to the VIP City/Airport lounges at select cities to enhance your international shopping experience with value added services. Simply present your eligible Mastercard
    a. Complimentary access to Global Blue City VIP Lounges to receive VAT back
    b. Complimentary access to Global Blue fast track service at the Airport VIP Fast Lanes available at the refund points operated by Global Blue
    c. Register for Shop Tax Free Card and enjoy an automatic completion of the Tax Free Forms when shopping at a participating Global Blue merchant
  11. 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.
  12. 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.
  13. Travel Inconvenience Insurance: Get compensated for inconveniences. Baggage loss/damage upto USD 3,000; Baggage /Trip delay upto USD 300; Trip curtailment / Cancellation – upto USD 7,500. Visit www.mcpeaceofmind.com/world to claim.
  14. Travel Medical Insurance: For the greatest peace of mind while you are travelling, your health & safety needs are met. Travel medical insurance upto USD 500,000. Emergency medical, evacuation & repatriation upto USD 500,000. Medical expenses (accident or sickness) upto USD 500,000. Daily in hospital cash benefit of USD 100 per day. Visit www.mcpeaceofmind.com/world to claim.
  15. Free Travel Insurance confirmation letter for Schengen visa requirement: Obtaining travel insurance confirmation letter has never been easier. Cardholder can generate the letter online seamlessly. Visit www.mcpeaceofmind.com/world or download the Mastercard for your mobile app and follow the steps.
  16. Mastercard for you App: Single point convenience for access to offers and processes.
  17. 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 2.50 points
    1 USD – Local spends 2 points
    1 USD – Selected MCC’s, utilities & government service spends 0.5 points
    Aed 200,000+ annual spends 100,000 bonus points

 

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

Primary Card Annual Fees
Up to AED 500 p.a.
Supplementary Card Annual Fees
Free
Retail Interest Rate*
2.90% per month
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
5% to 100% of outstanding
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
Payment due date (from statement date)
25 days
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%
0.80%
0.70%
0.60%
0.50%
Processing Fees
4%
4%
0%
0%
0%
0%
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)
0.80%
0.80%
0%
0.80%
0.80%
0.80%
Processing Fees
0%
0%
4%
0%
0%
0%
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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