Emirates Islamic Partners with Amazon and Mastercard for Innovative Credit Card
Emirates Islamic has joined forces with Amazon UAE and Mastercard to introduce the region’s first Amazon-branded credit card. This new offering, the Amazon Emirates Islamic Mastercard Credit Card, is set to launch exclusively in the UAE and aims to cater to the needs of today’s tech-savvy consumers by providing a range of savings and lifestyle benefits.
Meeting Consumer Demand
The introduction of this credit card comes in response to the increasing demand for payment solutions that seamlessly integrate convenience with attractive rewards. By leveraging Amazon’s dominance in online retail, Mastercard’s expertise in secure digital transactions, and Emirates Islamic’s banking capabilities, this card promises a unique blend of innovation and customer-centric features.
No Limits on Earnings
One of the standout features of the Amazon Emirates Islamic Mastercard Credit Card is its no-annual-fee structure, making it free for life. Cardholders can earn up to 6% cashback on purchases made through Amazon.ae and up to 2.5% on other transactions. The rewards are credited instantly, allowing users to apply them as discounts on future purchases on Amazon.ae.
The card’s fully digital application process and digital-first management system are designed to ensure a secure and user-friendly experience. This initiative reflects the commitment of all partners to provide financial products that align with the evolving lifestyle needs of consumers in the UAE.
Insights from Leadership
Ronaldo Mouchawar, Vice President of Amazon Middle East, Africa, and Turkey, expressed enthusiasm about the new credit card, stating, “The new credit card offers an unmatched combination of rewards and benefits to shoppers in the UAE. True to our commitment that Prime is the best way to enjoy Amazon, this card is no different, offering incremental savings to Prime members who sign up.”
Farid AlMulla, Chief Executive Officer of Emirates Islamic, also highlighted the significance of this collaboration. He noted, “We are pleased to announce this strategic collaboration with Amazon and Mastercard to address the banking needs of our valued customers. Our new co-branded card is packed with features, discounts, and rewards suited for a wide range of consumers.”
Lifestyle Benefits and Global Access
The Amazon Emirates Islamic Mastercard Credit Card will be available in two variants: Mastercard World and Mastercard Platinum. Cardholders will enjoy access to over 1,000 airport lounges worldwide, exclusive Mastercard Priceless Cities experiences, and various lifestyle discounts.
Additional Perks Include:
- Complimentary valet parking
- Concierge services
- Discounts on flight and hotel bookings
- Access to premium golf courses
- 0% installment plans on Amazon.ae and select merchants
- An attractive welcome bonus upon sign-up
The card is fortified by Mastercard’s advanced tokenization technology, enhancing transaction security for users.
Commitment to Innovation
Dimitrios Dosis, President of Eastern Europe, Middle East, and Africa at Mastercard, emphasized the importance of this collaboration. He stated, “At Mastercard, we continue to push the boundaries of payments, delivering secure, seamless, and relevant solutions for people’s everyday lives. This partnership with Amazon and Emirates Islamic highlights our ability to drive digital-first innovation at scale.”
Availability and Future Prospects
Residents in the UAE will soon be able to apply for the Amazon Emirates Islamic Mastercard Credit Card, with details to be announced through Amazon.ae and Emirates Islamic’s digital platforms. This launch represents a significant milestone in the evolution of lifestyle banking in the region, setting a new standard for co-branded credit cards in the Middle East.
