The Mawarid Falak Tayyeb Titanium Credit Card is an Islamic credit card. Depending on the two Islamic Banking modes i.e. Murabaha & Wakalah, this Mawarid Finance Credit Card offers a wide range of benefits and privileges to suit the basic need of its cardholder. In addition to offering the exclusive benefits, this card comes with some advanced features that make it one of the best Islamic credit cards in the UAE.
Features & Benefits of the Mawarid Falak Tayyeb Platinum Credit Card
Following are the key features & benefits of the Mawarid Falak Tayyeb Platinum credit card:
Profit Rate: This Mawarid credit card offers a competitive Murabaha profit rate.
Free Airport Lounge Access: The card member can enjoy free access to some of the premium airport lounges.
Easy Payment Plan (EPP): The EPP feature of the Mawarid Falak Tayyeb Platinum Credit Card enables the cardholder to make credit card purchases and pay it off in six months installment at 0 percent profit rate.
Balance Transfer: The card member can easily transfer the balance of their credit card to the Mawarid Falak Tayyeb Platinum Credit Card at 0 percent profit rate for six months. But please note that one-time processing charge of AED 1500 will apply.
Cash Advance: The member of this Mawarid Finance Credit Card can withdraw instant cash up to 30 percent of their available credit limit in times of financial needs. The cash can be withdrawn from ATMs displaying the logo of MasterCard.
Security Service: This credit card comes with an advanced CHIP & Pin technology as well as 3D secure feature. Not only it ensures safety & security but also it enables the cardholder to shop with absolute peace of mind.
SMS Service: This Mawarid Credit Card offers absolutely free ‘SMS service’ so that the member of this card can stay updated about all the offers, transactions, withdrawals, and much more.
Other Service: The cardholder can enjoy 24x7 account access via the ‘Mawarid Finance Mobile and IVR’.
Payment Options: The card member can pay their credit card bill using any of the Payment Channels that are given below:
Through the facility of direct debit
Through bank transfers
Through cheque payments
By visiting Kiosk machines at the following locations to make cash payments towards their credit card dues with ‘No service charges’.
Mawarid Finance IBRI House
Mawarid Exchange Abu Hail Branch
Mawarid Exchange Bur Dubai Branch
Mawarid Finance - Palladium
The member of this Mawarid Finance credit card is required to visit any of the following exchange houses to make cash payments towards their credit card due.
Mawarid Exchange
UAE Exchange
Al Ansari Exchange
Al Fardhan Exchange
Al Ahalia Exchange
Orient Exchange
Al Fuad Exchange
Lari Exchange
Lulu Exchange
Sharaf Exchange
Al Ghurair International Exchange
All of these exchange houses are located across the UAE.
Rewards of the Mawarid Falak Tayyeb Platinum Credit Card
With this Mawarid Finance Credit Card, the cardholder can earn points on their everyday spend which can be redeemed for cash credits.
Fees & Charges of the Mawarid Falak Tayyeb Titanium Credit Card
Following are the fees & charges of the Mawarid Falak Tayyeb Platinum Credit Card:
Description
Credit Card Charges
Annual Membership Charges
AED 1.05
Murahaba Profit (per month)
1.75%
Cash Withdrawal Charge (per transaction)
AED 78.75
Wakalah Charge (per annum)
AED 1.05
Charge Of Additional Supplementary Card (per card)
AED 52.50
Foreign Currency Transaction Charge
2.63%
Over limit Charge
AED 525
Late Payment Compensation
AED 157.50
Card Replacement Charge
AED 52.50
Pin Reissuance & Maintenance Charges
No Charges
Credit Card Statement Copy (per transaction)
AED 52.50
Clearance Letter
No Charges
Liability Letter
AED 52.50
Balance Transfer
AED 1575
Request for Increase or Decrease in Credit Limit
AED 52.50
Fee for disputing a genuine transaction
AED 105
Additional Benefits of the Mawarid Falak Tayyeb Titanium Credit Card
Given below are some of the additions benefits of this Mawarid Finance Credit Card:
Falak Tayyeb Savers: The card member can avail great discounts and enjoy a wide range of privileges across dining, entertainment, and shopping all over the UAE.
MasterCard App Benefits: The cardholder can avail a lot of buy one, get one offers with the MasterCard App. This app can easily be downloaded at Google play & App store.
Reviews & Ratings
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(based on 17 reviews)
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