HSBC Platinum Credit Card vs Mashreq Cashback Card
Net value is estimated on a sample monthly spend, ranked by value not commission.
Verdict
On our reference spend profile, Mashreq Cashback Card comes out ahead on estimated net value — about AED 684/yr more than the HSBC Platinum Credit Card. Your own spending pattern can change this — run the numbers in the rewards calculator.
| Attribute | HSBC Platinum Credit Card | Mashreq Cashback Card Best valuePopular |
|---|---|---|
| Issuer | HSBC | Mashreq |
| Annual fee | No annual fee | No annual fee |
| Welcome bonus | — | Up to AED 500 cashback in first 90 days |
| Min. income (monthly) | AED 10,000 | AED 5,000 |
| Reward type | cashback | cashback |
| Headline rate | 1% cashback | 5% cashback |
| Bonus categories | dining, groceries | fuel, dining, groceries, utilities |
| Lounge access | No | No |
| Foreign tx fee | 2.99% | 2.99% |
| Est. net value / yr | AED 588 | AED 1,272 |
| Apply | Apply |
Frequently asked questions
- HSBC Platinum Credit Card vs Mashreq Cashback Card: which is better?
- On our reference spend profile the Mashreq Cashback Card delivers higher estimated net value than the HSBC Platinum Credit Card in United Arab Emirates, so it wins on value. Your own spending pattern may change the result — run both through the rewards calculator.
- What is the annual fee difference between HSBC Platinum Credit Card and Mashreq Cashback Card?
- HSBC Platinum Credit Card: No annual fee. Mashreq Cashback Card: No annual fee.
- Which earns more rewards, HSBC Platinum Credit Card or Mashreq Cashback Card?
- HSBC Platinum Credit Card earns 1% cashback; Mashreq Cashback Card earns 5% cashback. We rank by net value after fees, not headline rate alone.