Mashreq bank has launched the First Everyday Card in the U.A.E., which will provide users with cash back on all domestic and international purchases, education and utility-related purchases, reports CPI Financial. Customers will be able to receive up to 6.2 percent cash back on every transaction. The First Everyday Card will require no minimum-spending amount or other restrictions for customers to redeem cash back. “We are taking cash back cards to another level. Our objective is to enable our valued customers to save on their everyday spending and on their overall spends. Hence, for the first time in the U.A.E., we have entered into strategic alliances with our valued partners across all everyday spend categories—supermarkets to daily delights, home furnishing, retail and fashion to much more and are providing no threshold, no limit-based cash back at over 100 outlets in the U.A.E.,” Nimish Dwivedi, head of payments at Mashreq told CPI Financial.
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