The Mastercard World/Platinum Cashback Credit Card is a credit card offering that allows eligible cardholders to earn Cashback rewards on qualifying purchases.
World card annual fee: AED 1,500 from first year onwards.
Platinum card annual fee: Free for the first year; AED 500 from second year onwards.
Visit Bank’s website www.investbank.ae and fill in the digital form
Visit any of the IB Branches and apply for the card
Or call our Client Experience Department on 600 5444 04
Yes, you may, please visit your nearest branch for onward processing of the application
Upon successful submission of all the documents, you will receive your credit card between three to seven working days.
You may check the status of your application by calling our Client Experience team at 600 5444-04 or emailing us at [email protected]
Supplementary Card: Free up to 3 cards, AED 300 per card (for World) and AED 100 per card (for Platinum) hereafter.
Yes, the expiry date is mentioned on the back of your card in MM/YY format.
30 calendar days prior to the existing card expiry, i.e. if the existing card expiry is 10/2023 (which mean 31st October 2023) the renewed card will be available for delivery in the last week of September 2023.
The minimum payment due is 5% of the billed amount or AED 100/- whichever is higher. The minimum amount due in AED value is mentioned in your Card Statement. The minimum payment due must be made within 25 days from the card statement date to avoid penal charges/fees.
25 to 55 days from the Credit card Transaction date, subject to full payment of the Total Amount Due by the Payment Due Date. Any previous month’s balance not paid in full, or if a Cash Advance or any other interest- bearing card service is taken on the card, then the Interest Free period does not apply.
You will have 25 days to make a minimum payment on the outstanding of your Mastercard Platinum Cashback Credit Card from the date of statement generation. Additionally, your due date will be mentioned on the monthly statement and even in your monthly statement SMS.
You can pay the outstanding amount on your Platinum or World Cashback Credit Card by visiting any our branches or directly transferring the funds from your existing bank account or you can visit Al Ansari Exchange house and do the payment.
You can directly transfer funds from your other UAE bank account by adding the Invest bank credit card in the ‘Pay Card’ category via FTS.
You can set or reset your card PIN by registering in to Invest bank WhatsApp banking via 056 9943777 and following the steps
Yes, you can visit your nearest ATM to withdraw cash. You can withdraw up to 75% of your available card limit.
Transactions made on any currency other than ‘AED’ will attract cross-border transaction fees as mentioned in the Schedule of Charges.
By calling our Client Experience team at 600 5444-04 or emailing us at [email protected]
Call our Client Experience team at 600 5444-04.
Call our Client Experience team at 600 5444-04 or emailing us at [email protected]
Call our Client Experience team at 600 5444-04 or emailing us at [email protected]
The Cashback program enables cardholders to earn a percentage of their eligible transaction amount as Cashback rewards. The Cashback rewards are credited to the cardholder’s card account in the upcoming monthly cycle statement.
All domestic and international transactions will be considered as qualifying purchases. However, certain transactions like cash advances, balance transfers, fees, and interest charges are not eligible for cashback rewards. For more details, please refer to Cashback Credit Card Terms & Conditions.
The specific Cashback percentage and calculation methodology will be clearly outlined in the cardholder agreement or promotional materials. The amount of Cashback you can earn will depend on your eligible transactions and the cashback percentage associated with your card.
You can earn a flat 3% cashback on all domestic and international transactions, limited to a monthly Dirham value of 1,500/- on the World Credit card and 1,000/- Dirham monthly on the Platinum Credit card.
Cashback rewards will be automatically credited to the primary cardholder account on the upcoming monthly statement cycle basis.
The maximum cashback that a cardholder can earn on a monthly basis on the World Credit Card is AED 1,500/- and on Mastercard Platinum Credit Card is AED 1,000/-
The earned Cashback will be automatically credited in the upcoming monthly statement cycle.
Cashback rewards are non-transferable and can only be used by the cardholder. Sharing or transferring cashback rewards to other individuals is not permitted.
For all the fees related to Cashback Credit Cards, please refer to the Schedule of Charges.
The Bank reserves the right to modify or terminate the Cashback program, including changes to the Cashback percentage, qualifying purchase categories, redemption options, and program terms. Any such modifications or terminations will be communicated to Cardholders in advance.
Your earned Cashback amount will be mentioned in your monthly e-Statements.
No cashback will be provided in these cases. Only retail spending will qualify for cashback.
Below are the benefits summary applicable on the World Mastercard Credit card
For details on the benefits, please visit www.priceless.com
Below are the benefits summary applicable on the Platinum Mastercard Credit card
For details on the benefits, please visit www.priceless.com
EPP is an offering to you to conveniently convert your high value purchases at any of the merchants into 0% interest EMI. The 0% interest EPP is offered for 3, 6, 9 & 12 months and 1% interest for 24 months tenor.
Tenor (mos.) |
Rate |
Processing Fee |
Early Settlement |
3 | 0% | 1% | 0% |
6 | 0% | 1% | 0% |
9 | 0% | 1% | 0% |
12 | 0% | 1% | 0% |
24 | 1% | 1% | 1% |
Upon completing the purchase at any of the merchant outlets, you can call our Client Experience Team on 600 5444 04 to convert the transaction to available plans. Please note the request has to be made at least one day(working day) prior to the credit card Statement date.
The minimum purchase value is AED 1000 and above for converting the transaction in to any of the available EPP plans.
The EPP will be shown at the end of the Statement with EPP amount and remaining installment period.
The unpaid EMI amount will attract finance charges. Please check the Schedule of Charges for more details.
You can pre-close the EPP by making a payment and contacting the bank to give the request for early closure of the EPP. Pre-closure of EPP will be treated as cancellation and the relevant charges as per the service & price guide will be applicable.
Balance transfer is when you transfer the outstanding balance of your other bank credit card to your Invest Bank Credit Card.
Tenor (mos.) |
Rate |
Processing Fee |
Early Settlement |
3 | 0% | 2% | 0% |
6 | 0% | 2% | 0% |
9 | 0% | 2% | 0% |
12 | 1% | 1% | 1% |
24 | 1% | 1% | 1% |
Any credit card issued in the UAE can be applied for Balance Transfer. Cardholders can use up to 80% of available credit limit for Balance Transfer.
No, Balance transfer is available only for other banks credit card issued in the UAE.
You can place the request by calling our Client Experience Team on 600 5444 04
Please note that if you fail to pay the minimum amount due by the due date at any point during the Balance Transfer tenure you will levy with Late Payment Fees. Any unpaid Balance Transfer amount at the end of the tenor will be converted to a regular Retail Plan and will subsequently charge as provided in the Schedule of Charges