Mashreq Egypt Launches Premium MasterCard Credit Cards
13 June 2010
Mashreq Egypt today announced the launch of its suite of premium MasterCard credit cards, consisting of Platinum MasterCard®, Titanium MasterCard®, in addition to Standard MasterCard cards. The product offerings are in line with the bank’s commitment to offer a unique combination of convenient banking services and privileges to consumers in Egypt.
Packed with a range of lifestyle features and financial services, Mashreq Egypt’s credit cards are designed to be the credit card of choice for customers. Capitalizing on the bank’s extensive experience in the credit cards segment, Mashreq Egypt collaborated with MasterCard Worldwide to provide its customers a payment option that is accepted in more than 30.2 million locations, including ATM locations across 210 countries around the world.
Tarek Fawzi, Country Manager, Mashreq Egypt said, “We are extremely delighted to launch our credit card offerings along with the support of MasterCard. Mashreq Egypt is committed to offering products that are convenient and rewarding to our valued customers, which are matched by the strength of our resources and wealth of services. We aim to provide outstanding products that are result-driven and backed by superior customer service. These credit cards are offered at a competitive interest rate on both retail purchases as well as cash advance.”
Fawzi continued, “The new product line of our unique credit cards will be offered to customers based on their needs and preferences to compliment their lifestyle, packed with irresistible benefits.”
The new credit cards have been designed keeping in mind the fast-paced lifestyle needs of the ever emerging Egyptian market. Mashreq Egypt’s unique cards bring many Firsts in Egypt, such as, the first MasterCard Titanium credit card, the first to offer complimentary health club membership, as well as the first card offering with a CashBack program, in addition to access to airport lounges in select destinations including Egypt Airport.
Through these card programs, cardholders will be able to enjoy up to 1.5% CashBack on their retail purchases, as well as, earn RewardPoints. Mashreq Egypt has signed up with over 50 leading merchant outlets in Egypt to provide various offers ranging from discount on purchases to purchasing goods on a six month instalment plan without any interest. Cardholders can also enjoy 0% interest for the first three months on Balance Transfer, where the standard retail interest rate would apply for the subsequent months.
"At MasterCard, we understand that consumers continue to seek lifestyle and experiential benefits beyond their everyday needs," said Mr. Magdy Hassan, vice president and country manager, Egypt, MasterCard Worldwide. “Premium MasterCard cardholders in Egypt can now take advantage of the convenience, great rewards, and lifestyle privileges these cards have to offer. We congratulate Mashreq Egypt on the launch of these innovative and flexible payment cards, which we believe will help the bank deepen their relationship with cardholders.”
Moreover, Titanium & Platinum cardholders also get complimentary unlimited access to ‘The First Class Lounge at Terminal 1’ and ‘The Exclusive Service Lounge at Terminal 3’ of Cairo International Airport. Cardholders can also enjoy similar access to the ‘Marhaba Lounges’ at Terminal 1 & 3 of Dubai International Airport.
Additionally Platinum cardholders will receive a complimentary Priority Pass - airport lounge access card allowing them to relax and unwind at over 600 airport lounges across 300 cities around the world. Platinum cardholders will also get exclusive Health Club access across all ‘World Gyms’ within Egypt.
For more information on the new Mashreq Credit Cards log on to www.mashreqbank.com.eg