Offers competitive interest rates and cash back on purchases

Mashreq launches “Mashreq Noon VIP” savings account

The debit card offers a wide range of benefits.

From the source

Mashreq Bank announced a new partnership with the “Noon” e-shopping platform, to launch a “Mashreq Noon VIP” savings account, after the successful launch of the “Noon VIP” credit card from Mashreq, last year.

Advantages and benefits

The new savings account is the first co-branded bank account in the UAE and offers customers the “Noon VIP” debit card from Mashreq, which provides them with a wide range of benefits, including 2% cashback on all purchases made using the card at « Noon platform, Noon Grocery, Now Now, and Sivvi, in addition to 0.10% cashback on all purchases at other stores, annual interest up to 0.50% on the available balance in the account, and “Salam Rewards” points. “The loyalty program of Mashreq Bank, which gives customers instant redemption of rewards at more than 850 stores across the country.

Noon VIP Membership

Account holders will also get a free “Noon VIP” membership that gives them additional benefits, such as discounts and priority when calling customer service, and express delivery on the same day when shopping on the electronic “Noon platform.”

Account holders will also be able to benefit from the services of Mashreq Bank.

Rich Payment Experience

Executive Vice President and Head of Mashreq Neo, Sridhar Iyer, said, “The new account offers customers who shop through the (Noon platform), a set of valuable benefits, such as 2% cashback on their purchases, and interest on the balance of the savings account, in addition to membership in ( Noon VIP) is free.”

For his part, Mosam Jadia, the Financial Technology Officer at Noon, said: “Our team has made great efforts to provide shoppers with a greater incentive to save money, by offering competitive interest rates on the balance of the savings account.”

As for the General Manager of "Visa" company in the UAE, Bahrain and Oman, Shahbaz Khan, confirmed the contribution of "Visa" in supporting both "Mashreq" and "Noon" to provide their customers with a rich payment experience that meets their shopping and saving needs, and contributes to enhancing the use of digital payments. more in the country.

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