ِAll you need to know about Salaam loyalty program from Mashreq bank in UAE from earning points to redeeming them and getting rewardsUAE, Bank, Mashreq, loyalty program, salaam, rewards, points

All you need to know about Salaam program from Mashreq bank


By  Hana Ihjoul , Digital Marketing.

The UAE based Mashreq Bank introduced Al Salaam Rewards Programs to reward its customers for most of their banking relationship. The program allows customers to earn points on purchases, banking products such as loans and other banking operations. 

 

Read about sMiles reward program from Mashreq bank


How to join Salaam Reward program?

 

Customers are enrolled in the program when they issue cards or open accounts however, they must create accounts on MashreqOnline in order to benefit from the full functionality of the Salaam website.

 

How to collect Salaam points?

 

Points are categorized into spending points and Relationship Points which includes loans and other banking services. It is important to note that all points expire after 3 years of acquisition. 


Relationship Points: 

 

customers start earning points monthly once they open an account with Mashreq bank under the condition that they use two of the bank’s products. The number of monthly points earned vary depending on the account, the transferred amounts or maintained balance as listed below:

 

Account type

 

Minimum amount to start earning points

 

Earned points based on Minimum amount

Current Account

 

25,000 AED

1000 points

Savings Account

 

50,000 AED

750 points

Easy saver

 

50,000 AED

500 points

Mashreq Millionaire Certificates

 

50,000 AED

 

500 points

Islamic easy saver

 

50,000 AED

500 points

Islamic saving account

 

50,000 AED

750 points

 

 

 



Spending points: 

Points are earned when using a credit or debit card for purchases as below:

Card type

Earned points for every 1 AED spend locally

 

Earned points for every 1 AED spend internationally  

 

Mashreq Platinum credit card

 

3 points

6 points

Credit cards from Mashreq Islamic bank

 

3 points

6 points

Mashreq gold credit card

 

2 points

3 points

Mashreq classic credit card

 

2 points

3 points

Mashreq Signature Debit cards

 

1 point

2 point

Mashreq Infinite Debit cards

 

1 point

3 points

Mashreq Platinum Debit cards

1 point for every 2 AED

1 point for every 2 AED

Mashreq Corporate Credit Card

 

1 point

2 points

 

 

 Loans: 

 

Loan type

 

Earned points for every 1000 AED

Auto loan

450 points

Home loan

125 points

 


Finally, customers earn 500 points from every deposit of 100,000 AED

 

 

How to redeem points

 

The bank created a mobile application for their rewards program “SNAPP” to help customers find more offers and allocate retailers close to them. There are three ways to redeem Mashreq Points

 

1.Travel and Hotels booking: Customers can redeem points to purchase air tickets or book a hotel through Mashreq’s partnership with MMI 

2.Pay with points at POS using Mashreq card: Customers can use their points for instant purchases at any retail stores in the condition that they have the card with them and inform the retailer that they wish to use to points, they can also top up the amount with direct payment if the points are not enough.  

3.Online Shopping from Mashreq Rewards website.

4.Vouchers: Customers can redeem points for vouchers from any of the retail shops listed on the Salaam website 


Read about the Top 5 Reward Programs in the United Arab Emirate’s Banking Sector


Last Updated  February 4, 2020