Mashreq Novo Credit Card

Mashreq NOVO Credit Card is one of the special credit cards offered by the Mashreq Bank. This is the only card that offers 50 percent off on movie tickets. This makes this credit card a must-have for cinema enthusiasts. They can make most of this offer and buy half-price movie tickets. Moreover, they can avail up to 8 movie tickets on a monthly basis at a discounted price. In addition to offering the cinema benefits, this Mashreq bank credit card provides the top of the line benefits to its cardholders to meet their various lifestyle requirements.

Features of Mashreq NOVO Card

Out of many, here are a few features of Mashreq Novo credit card:

Skip the Queue

At every Novo Cinemas outlet in the UAE, there is an exclusive counter for the cardholder at the Ticketing & Food and Beverage section. The cardholder needs to display their Mashreq Novo Card to enjoy VIP treatment that entitles them to select their tickets and their favourite delicious snack in a matter of a few seconds. It makes last minute bookings as simple as a cake walk. This way, this card helps the cardholder to beat the long queues.

Pay Protect

It is one of a kind benefits available with the Mashreq NOVO cinema credit card that pays off the dues in case of cardholder’s death or he/she is diagnosed with a critical ailment. In addition to this, it provides the much-needed financial help to the family of the cardholder so that their financial needs are taken care of. The pay protect feature offered by Mashreq bank offers financial security to its loved ones and family members.

Balance Transfer

The Mashreq NOVO credit card member can pay off their other bank’s credit card outstanding balance using this Mashreq Credit Card. They can conveniently pay back in fixed monthly instalments up to a period of 36 months at an attractive rate of interest. However, they can transfer up to 75 percent of their credit card limit. The balance transfer feature offered by Mashreq bank makes it easier and feasible for the debtor to repay their outstanding financial obligations without any hassle.

Credit Shield

With credit shield facility, the Mashreq NOVO Credit Card member gets an option to get the outstanding balance on their credit card waived off. The benefit can be availed in case of an unforeseen incident of permanent disability and death due to any cause. Credit shield also provides coverage against Loss of Employment. In the case of hospitalization, it provides cash benefit. The credit shield facility is similar to insurance coverage that offers financial protection in case of unforeseen events.

Credit Shield Coverage

Here is the coverage provided by credit shield:

Loss of Employment Cover Up to AED 48,000
In case of loss of employment (involuntary), Credit Shield takes care of the outstanding (minimum monthly) on the card member’s credit card up to 4,000 AED on a monthly basis. The benefit is capped at a period of 12 months.
Hospitalization Cover Up to AED 12,000
Credit Shield takes care of the incurred medical expenses due to hospitalization. The benefit is capped at AED 200 each day for a period of up to 60 days.
Death/ Disablement Cover Up to AED 50,000
In the case of disability (permanent), Credit Shield provides coverage. In case of loss of life, the coverage is extended.

Easy Cash

Easy Cash is a convenient facility that provides financial help to the cardholder during times when they need cash on an urgent basis. Cardholders can avail a loan amount a maximum of 75 percent of their credit limit. In order to avail this facility, the cardholder needs to get in touch with the bank over a phone call. The bank will credit the amount in their account within 48 hours. The other ways of availing the facility of Easy Cash is by logging on to MashreqOnline and get Instant Cash with the help of Mashreq CCDM.

Benefits of Mashreq NOVO Credit Card

Here a few out of many benefits offered by Mashreq NOVO Credit Card:

Tickets @ 50 Percent Off

Mashreq NOVO Credit Card offers movie tickets at half price. It is such a treat for cinema enthusiasts that they can avail up to 8 movie tickets on an attractive discount every month. The cardholder can avail 50 percent off on IMAX, 3D, and 2D movie tickets across COOL PRIME, EDGE, and COOL seats and this attractive offer can enjoy 7 days of the week, 365 days of the year. The offer can be availed at Novo Mobile App, Novo Website and Box-Office’. The supplementary card members can also avail 50% off on 8 movie tickets every month.

Airport Lounge Access

The cardholder can enjoy unlimited free access to more than 10 Marhaba and CAC lounges in the UAE, Jordan, Egypt, KSA, and Kuwait. In addition to this, the cardholder can get access to a host of business facilities such as the internet, email, fax machines, phones, and conference space in some specific lounges.

Convenience Cash

In case cardholders have exhausted their Mashreq Credit Card limit, they can avail extra cash and get it transferred to their Mashreq Account or any other bank account in the UAE. The cardholder can pay back the amount in monthly instalments at the low rate of interest. In order to avail this facility, there is no need for income documentation. The best thing about the benefit of convenience cash is that it comes with flexible tenors.

Revolving Balance Transfer

No one wants to pay up to 39 percent per annum on their outstanding balance with other credit cards. Cardholders can simply transfer their credit card balance to the Mashreq Novo credit card at 0 percent interest rate for a period of 6 months. The cardholder can transfer a maximum of 75 percent of their credit card limit.

Insurance Benefit

With Mashreq NOVO Credit Card, the cardholder can enjoy multi-trip travel insurance absolutely free. This benefit helps them to plan their international travel with a much-needed extra layer of protection. The multi-trip travel insurance provides insurance coverage in case of emergency medical expenses and dental expenses incurred due to the personal accident.

The Mashreq Novo Card member is eligible for the following travel insurance benefits:

Travel Insurance Certificate- When the cardholder travels to Schengen countries; they are eligible to get a travel insurance certificate absolutely free.
Free Wallet Protection- It provides insurance coverage to the cardholder against misuse of the card (if any) if their card is stolen or lost while they travel overseas.
Emergency Cash-It provides emergency cash in case cardholder’s wallet is lost or stolen while they are travelling.
Card Replacement- It provides the facility of card replacement across the globe.
Additional Benefit- It provides coverage for loss of baggage, delay of flight, trip curtailment and cancelation and loss of documents required for travelling.

Mashreq NOVO Credit Card Fees and Charges

Here are the applicable fees and charges associated with Mashreq Novo Credit Card:

a. Annual Charges- The card comes with an annual charge of AED 300.

b. Annual Charges for Supplementary Card -The supplementary card comes with an annual charge of AED 149

Mashreq NOVO Credit Card Offers

Mashreq NOVO Credit Cardholders can avail the following deals and offers:

Mashreq Privileges

Member of the Mashreq Novo credit card can avail a wide range of special privileges and offers on various categories. This includes driving institute, healthcare, online shopping, entertainment, sportrs, wellness, and a lot more.

0% EPP Offers

Easy payment plan is a scheme through which members of the Mashreq Novo Credit card can convert their large purchases into easy monthly instalments at selected vendors. And then repay it later at 0 percent interest rate for a tenure of up to 24 months.

How to Apply for Mashreq NOVO Credit Card?

Applying for Mashreq Novo credit card is very easy and simple. An applicant can apply for the credit card online, offline, or through phone banking.

Online

An applicant can apply for this credit card by visiting the official website of the bank.

Offline

The applicants who are not comfortable applying for the credit card online can visit the nearby branch of the Mashreq bank and apply directly for this card.

Phone Banking

The applicant also has an option of phone banking to connect with the bank and apply for this Mashreq bank credit card.

Mashreq NOVO Credit Card- Frequently Asked Questions

Q1: What is convenience cash?

Ans: In case the cardholder has exhausted their Mashreq Credit Card limit, they can avail extra cash and get it transferred to their Mashreq Account or any other bank account in the UAE.

Q2: What is pay protect?

Ans: It is one of a kind benefit that pays off the credit card outstanding dues in case of card holder’s death or if he/she is diagnosed with a critical ailment.

Q3: What is credit shield?

Ans: With credit shield, the Mashreq NOVO Credit Card member gets an option to get the outstanding balance on their credit card waived off in an unfortunate event such as permanent disability, loss of employment, and death due to any cause.

Q4: What is balance transfer?

Ans: The Mashreq NOVO Credit Card member can pay off their other bank’s credit card balance using Mashreq Credit Card. They can conveniently pay back in fixed monthly instalments up to a period of 36 months at an attractive rate of interest. They can transfer up to 75 percent of their credit card limit.

Q5: How can I avail complimentary airport lounge access?

Ans: In order to avail the complimentary airport lounge access, you need to display your Mashreq Novo credit card at one of the participating lounges.

Q6: What is the insurance benefit offered by Mashreq NOVO credit card?

Ans: With Mashreq NOVO Credit Card, the cardholder can enjoy multi-trip travel insurance absolutely free. This benefit helps them to plan their international travel with a much-needed extra layer of protection. The multi-trip travel insurance provides insurance coverage in case of emergency medical expenses and dental expenses incurred due to the personal accident.