What you need to apply for Mashreq Platinum Elite Visa
To apply for the Mashreq Platinum Elite Visa, there are specific criteria you must meet:
☑️ A minimum monthly income of AED 7,000
☑️ You must be at least 21 years old (18 for supplementary cardholders)
☑️ A clean financial history
☑️ Residency within the UAE
You’ll need a valid Emirates ID, a copy of your passport, proof of residency, proof of income (like a payslip or employer letter), and bank statements from the last three months.
Approval is subject to meeting these requirements, and Mashreq Bank may request additional information if necessary.
How to apply for the Mashreq Platinum Elite Visa
Applying for the Mashreq Platinum Elite Visa is straightforward. You can submit your application through the Mashreq website, mobile app, or by visiting one of their branches. The process begins with completing a digital or physical application form, where you’ll provide your personal details, attach the necessary documents, and indicate your income and financial background.
Once your application is submitted, Mashreq Bank reviews your eligibility. If approved, you’ll receive the card within a few business days. In the event of rejection, you can reapply after addressing the issues that led to the decision.
Paying your monthly bills
Managing payments for your Mashreq Platinum Elite Visa is simple. You can pay your monthly statement via the Mashreq mobile app, internet banking, ATMs, or directly at Mashreq branches. It’s important to pay before the due date to avoid penalties.
If needed, you can make a minimum payment of 5% of the total balance, but full payments are recommended to steer clear of accruing interest.
Fees and costs
The Mashreq Platinum Elite Visa comes with transparent fees and costs. The annual fee is AED 650 plus 5% VAT. If you carry a balance, an interest rate of 3.85% per month applies. The minimum payment required each month is 5% of the statement balance.
Additionally, the PayProtect insurance option, priced at 0.99% of your monthly balance plus VAT, offers added security. Late payments incur a penalty of AED 230. By staying organized and paying on time, you can enjoy the card’s benefits without unnecessary charges.
Product Review
The Mashreq Platinum Elite Visa delivers exceptional value to users seeking a combination of financial rewards and premium lifestyle benefits. From earning Mashreq Vantage Points on every spend to enjoying access to airport lounges and discounted cinema tickets, it’s a card designed for those who want more out of their financial tools.
However, the card’s premium features, such as complimentary airport transfers and lounge visits, require a minimum monthly spend of AED 7,000, which may not suit everyone. The annual fee is reasonable compared to the perks offered, but users should carefully evaluate their spending habits to maximize its value.
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If this card aligns with your financial goals, take the next step today. Click below to explore all the features and start your application process. Let the Mashreq Platinum Elite Visa redefine how you manage and enjoy your finances.