1. Card Summary

Feature	Mastercard Platinum	Mastercard World
Minimum Monthly Salary	AED 5,000	AED 25,000
Annual Fee	Free (1st year) / AED 500 (2nd year+)	AED 1,500 (from 1st year)
Supplementary Cards	Free (up to 3) / AED 100 (4th+)	Free (up to 3) / AED 300 (4th+)
Cashback Rate	3% on all spends	3% on all spends
Monthly Cashback Cap	AED 1,000	AED 1,500
Annual Cashback Potential	Up to AED 12,000	Up to AED 18,000
Retail Finance Charge	3.49% per month (41.88% p.a.)	3.49% per month (41.88% p.a.)
Cash Advance Finance Charge	3.99% per month (47.88% p.a.)	3.99% per month (47.88% p.a.)

 

2. Detailed Schedule of Fees

Fee Type	Amount
Cash Advance Fee	AED 99 or 3% (whichever higher)
Late Payment Fee	AED 230
Over Limit Fee	AED 199
Foreign Exchange Fee	3% (inter/intra region)
Card Replacement Fee	AED 75
Duplicate Statement	AED 45
Copy of Sales Voucher	AED 65
Liability/No Liability Letter	AED 50
Minimum Payment Due	5% of balance or AED 100 (whichever higher)
Cash Advance Limit	75% of credit limit
Interest-Free Period	25-55 days (on full payment)

 

(All fees inclusive of 5% VAT)^[1]

3. Finance Charges & Interest Calculation

• Retail Purchases:49% per month on outstanding balances not paid in full by due date
• Cash Advances:99% per month from transaction date
• Additional Penalty: +0.50% per month if minimum payment from previous statement is not paid
• Daily Interest Calculation: (Days × Amount × Rate × 12) ÷ 365
• Payment Due Period: 25 days from statement date

4. Eligibility Criteria

Both cards require applicants to:

• Be 21+ years old
• Hold UAE nationality or valid residency visa with Emirates ID
• Have minimum AECB score of 400
• Meet minimum salary requirements (AED 5,000 for Platinum; AED 25,000 for World)
• Be in active employment with verifiable income
• Provide security cheque equivalent to 120% of credit limit

Cashback Program

• Flat 3% cashback on all purchases (domestic and international)
• No category restrictions or spending tiers
• Automatic crediting of cashback to next statement
• Monthly caps: AED 1,000 (Platinum) / AED 1,500 (World)

Travel & Lifestyle Benefits

• Airport Lounge Access: Unlimited access to 1,000+ lounges via Dragon Pass (World only)
• Careem Benefits: 2 complimentary airport rides per year; 20% off 3 rides monthly
• Travel Insurance: Personal accident (USD 500,000), medical expenses, baggage protection
• Dining & Entertainment: Priceless offers across Middle East, Asia, Africa, Europe
• Shopping Perks: Carrefour AED 40 monthly discount, 20% off Talabat orders

0% Installment Plans

• Easy Payment Plans (EPP): 0% for 3, 6, 9 months; 1% for 12, 24 months
• Balance Transfer: 0% for 3, 6, 9 months; 1% for 12, 24 months
• School Fee Payment: 0% for up to 9 months (SABIS schools)
• Processing Fees: 1-2% depending on tenor