The partnership between Mashreqbank and Samsung to issue a co-branded MasterCard is bearing fruit as one in every three new credit cards issued in the UAE today is a Mashreqbank card. The “Mashreqbank Samsung MasterCard,” launched five months ago, is expanding and now offers a 0% interest rate, double points, and an incentive gift when transferring balances from a non Mashreqbank credit card.
This the first time Samsung has partnered with a bank to offer a co-branded credit card. Points from the card can be exchanged for Samsung products and free tickets on Lufthansa, Delta, Emirates Airlines, Virgin Atlantic, Singapore Airlines, and Qatar Airways. Mashreqbank also recently introduced the “WOW! MasterCard” and “WOW! VISA.” The “WOW!” is a smart card with 1,000 participating merchants using smart card readers to rebate between 5% and 35% back to the cardholder. Mashreqbank was the first bank to introduce credit cards in the UAE in 1982 and offers the popular “MashreqMillionnaire” credit card program. It is the largest private bank in the UAE with 34 branches.Details