12/11/2024
11h27
Mashreq Solitaire Visa

The Mashreq Solitaire Visa offers an array of features tailored to enhance your financial and lifestyle needs. This guide will take you through the application process and provide all the information you need to get started.

Eligibility requirements

☑️ Minimum monthly income: AED 25,000
☑️ UAE residency status
☑️ Applicants must be at least 21 years old (18 for supplementary cards)
☑️ Clear credit history

Documents needed

📄 Emirates ID (valid)
📄 Passport copy
📄 Proof of residence (recent utility bill or tenancy contract)
📄 Bank statements (last three months)

Approval is subject to meeting these criteria. Mashreq Bank reserves the right to request additional documentation if necessary.

How to apply for the Mashreq Solitaire Visa

Applying for the Mashreq Solitaire Visa is straightforward. Start by visiting the Mashreq website, mobile app, or a nearby branch. Fill out the application form, providing accurate personal and financial details. Attach the required documents, such as your Emirates ID and proof of income.

Once the application is submitted, the bank will evaluate your profile. If approved, you’ll receive your card within a few business days. In case of rejection, you may reapply after addressing the issues noted in the feedback provided by the bank.

How to manage monthly payments

Paying off your Mashreq Solitaire Visa balance is convenient, with multiple channels available. Use the Mashreq mobile app, online banking, ATMs, or in-branch payments to clear your monthly dues.

Always aim to pay before the due date to avoid penalties, and if necessary, ensure the minimum payment (5% of the statement balance) is made to maintain a good standing.

Fees and costs

The Mashreq Solitaire Visa comes with a clear cost structure:

The annual fee for the primary card is AED 1,500 plus 5% VAT, while supplementary cards are charged AED 600 plus 5% VAT. Interest rates on unpaid balances are 3.85% per month. The card also offers an interest-free period of up to 55 days.

Other costs include late payment fees and optional PayProtect insurance, which costs 0.99% of your statement balance plus VAT. Planning your spending and payments can help minimize these expenses while maximizing the card’s benefits.

A general overview

The Mashreq Solitaire Visa combines exclusivity and practicality. From travel perks like lounge access and airport transfers to earning Mashreq Vantage Points on every transaction, it caters to diverse financial needs. However, meeting the spending thresholds (e.g., AED 10,000 per month) is crucial to unlocking premium benefits.

To fully enjoy its offerings, maintain financial discipline and plan your spending around its benefits. Whether for travel, dining, or daily purchases, this card provides a balanced mix of rewards and functionality.

Do more for your pocket

The Mashreq Solitaire Visa could be the ideal financial tool you’ve been looking for. Take the first step today—explore the application process and unlock a world of premium benefits tailored for you.