Mawarid Falak Tayyeb Platinum Credit Card review
The card offers up to 10% cashback on grocery, dining and fuel and 2% on other eligible spend, with lower monthly caps than the World tiers at AED 250 grocery, AED 250 dining and AED 150 fuel, and an overall AED 2,500 monthly ceiling. The top rates are campaign-based, enrolment is automatic, and the usual categories such as utilities, rent and government are excluded. Loyalty Points convert to cash credited to the card.
Despite carrying no annual fee, it keeps a surprisingly full feature set, including complimentary lounge access, valet parking, purchase protection insurance and a broad discount range spanning Booking.com, IHG, Trip.com, car rentals, streaming subscriptions, Mastercard Gamer Pass and the Bicester Village Shopping Collection. That makes it a strong everyday choice for mass-affluent users.
The trade-offs are a 3.10% monthly profit rate of about 37.72% APR, category caps below the World tiers, and cash withdrawals limited to 50% of the credit limit.
Card details
| Bank | Mawarid Finance |
|---|
| Card type | Cashback |
|---|
| Card network | Mastercard |
|---|
| Minimum salary | AED 5,000 |
|---|
| Annual fee | Free for life |
|---|
| Fee waiver | Free for life, with no annual fees. |
|---|
| Interest (monthly) | 3.10% |
|---|
| Reward type | Cashback (Falak Tayyeb Loyalty Points) |
|---|
| Reward rate | Earn up to 10% cashback on Grocery, Dining and Fuel and 2% cashback on all other eligible local and international retail spend.Enrolment is automatic and the card must stay in good standing, meaning not cancelled and with no past-due balance. Earning excludes monthly profit, fees, balance transfers, Easy Payment Plan-converted transactions, cash withdrawals, government payments, utilities, charity, rent, telecom, quasi-cash, money transfers, gambling, insurance and real estate rentals. The 10% category rates shown on the official loyalty page apply within promotional transaction periods such as a summer campaign, so headline rates may be campaign-based. Monthly caps of AED 250 Grocery, AED 250 Dining and AED 150 Fuel, with a total maximum cashback of AED 2,500 per month. Loyalty Points are redeemable for cash credited directly to the Falak Tayyeb card account, and the rewards portal also offers travel, shopping and voucher redemption. Points expiry is not disclosed, and points are redeemable only while the card is operating and current with no past dues. |
|---|
| Lounge access | Complimentary airport lounge access via Mastercard Travel Pass. |
|---|
| Quick cash | An Easy Cash facility is available at up to 2.50% per month, with cash withdrawal up to 50% of the credit limit under Qard Hasan (AED 105 per withdrawal transaction per AED 5,000). |
|---|
| Balance transfer | Balance transfer is available up to 90% of the credit limit or available balance, whichever is lower, at a rate of up to 2.50% per month. |
|---|
| Instalment plan | Flexible payment plans and retail installment plans run at up to 2.50% per month, with an AED 105 installment plan processing fee and no advertised 0% EPP. |
|---|
Mawarid Falak Tayyeb Platinum Credit Card benefits
✓Free for life with no annual fee
✓Falak Tayyeb cashback loyalty program with up to 10% in key categories
✓Complimentary airport lounge access
✓Valet parking privileges
✓Purchase protection insurance
✓Booking.com, IHG, Trip.com, Avis and Budget car rental plus subscription discounts (Zee5, Shahid, ExpressVPN, Fiit)
✓Mastercard Gamer Pass and Bicester Village Shopping Collection
Offers and payment options
Quick cashAn Easy Cash facility is available at up to 2.50% per month, with cash withdrawal up to 50% of the credit limit under Qard Hasan (AED 105 per withdrawal transaction per AED 5,000).
Balance transferBalance transfer is available up to 90% of the credit limit or available balance, whichever is lower, at a rate of up to 2.50% per month.
Instalment planFlexible payment plans and retail installment plans run at up to 2.50% per month, with an AED 105 installment plan processing fee and no advertised 0% EPP.
Mawarid Falak Tayyeb Platinum Credit Card fees & charges
| Annual percentage rate (APR) | 37.72% |
|---|
| Cash advance fee | AED 105 per withdrawal (cash profit 3.10% per month under Qard Hasan) |
|---|
| Late payment fee | AED 175 (Commitment to Donate; VAT not applicable) |
|---|
| Over-limit fee | AED 252.50 |
|---|
| Foreign currency fee | 3.00% |
|---|
| Minimum payment | Monthly Murabaha installment + current month profit + fees/charges + installment plan dues; if present balance < AED 100 min payment = present balance |
|---|
| Interest-free period | Up to 24 days grace on retail; no profit-avoidance grace (Murabaha, profit pre-agreed) |
|---|
| Card replacement fee | AED 52.50 |
|---|
From the bank’s Key Facts Statement / Schedule of Charges. Some figures include and some exclude 5% VAT, a bank’s marketing page can differ from its Key Facts Statement, and fees change - always confirm with the bank before you apply.
Who should get this card?
This card suits everyday users who want a free-for-life Shariah-compliant cashback card with lounge access.
What works well
- ✓No annual fee ever, yet still includes lounge access
- ✓Cashback in everyday categories with an AED 2,500 monthly total cap
- ✓Shariah-compliant Murabaha structure with a rebate on early settlement
What to weigh up
- −High 3.10% monthly profit rate, around 37.72% APR
- −Lower category caps than the World tiers at AED 250 grocery and dining and AED 150 fuel
- −Cash withdrawal limited to 50% of the credit limit
Mawarid Falak Tayyeb Platinum Credit Card eligibility
Applicants must be at least 21 and salaried individuals residing in the UAE who meet Mawarid income criteria; the Key Facts Statement cites the UAE Central Bank minimum monthly income of AED 5,000 for covered cards, with DBR capped at 50% of gross salary (30% for pensioners). The tier-specific minimum salary is not published but is approximately AED 15,000 (per third-party source). It is positioned for mass-affluent, manager-level professionals with families.
▤Emirates ID▤Passport and residence visa▤Proof of income
Mawarid Falak Tayyeb Platinum Credit Card FAQs
Applicants must be at least 21 and salaried individuals residing in the UAE who meet Mawarid income criteria; the Key Facts Statement cites the UAE Central Bank minimum monthly income of AED 5,000 for covered cards, with DBR capped at 50% of gross salary (30% for pensioners). The tier-specific minimum salary is not published but is approximately AED 15,000 (per third-party source). It is positioned for mass-affluent, manager-level professionals with families.
The card is listed as free for life with no annual fee. Confirm that this remains part of the final bank offer before applying.
Earn up to 10% cashback on Grocery, Dining and Fuel and 2% cashback on all other eligible local and international retail spend.
This card suits everyday users who want a free-for-life Shariah-compliant cashback card with lounge access.
Product details are indicative and compiled from each bank’s official pages and Key Facts Statements; figures can differ between a bank’s marketing page and its Key Facts Statement, and fees, rates and VAT treatment change. We are not affiliated with, or authorised by, any bank - always confirm current fees, eligibility, rewards and terms directly with the issuing bank before applying. This page does not constitute financial advice.
