Mashreq customers can now earn points when they make a deposit, obtain a loan, or spend on their credit card through its loyalty programme – ‘Salaam reward points’, the bank has said.
In 2014, Mashreq Qatar became the first bank in the country to offer Salaam reward points – a loyalty programme based not on just credit card purchases, but on the customer’s entire banking relationship. Customers can now earn points when they make a deposit, obtain a loan, or spend on their credit card.
Salaam rewards can be instantly redeemed through mobile/online banking at leading outlets in Qatar including Sharaf DG, Homes R Us and Dnata Travels.
Mashreq said it is “also the first bank in the region to introduce a process where customers can apply for all banking products using just a one page application form”.
Mashreq also launched innovative deposit products - ‘advance’ fixed deposits in which the entire interest is paid to the customer upfront, ‘step up’ savings account offering high interest rates as the customer’s balance increases, secured overdraft against investment products like certificates of deposits, mutual funds, and reverse convertibles.
The bank also introduced ‘Mashreq Privileges’, a card discount programme, offering discounts at more than 75 outlets in the country.
Mashreq Qatar improved its priority banking offering by introducing Platinum debit cards with a host of lifestyle benefits including free travel insurance for Shengen countries, free Al Maha service at Hamad International Airport (twice a year), free Marhaba service at Dubai International Airport (twice a year), supplementary debit cards and many more.
Mashreq improved the Majestic loan proposition by upgrading the gift to an iPad Air for customers availing a loan of QR300,000 and above.
Mashreq Qatar also utilised its regional network to offer ‘Mashreq Flavours’ to customers, where they can enjoy discounts at more than 750 outlets across the United Arab Emirates. The bank also launched the ‘Triple Salaam’ points promotion in the summer to make Ramadan shopping and international travel more rewarding for our
customers.