Common use of Cashback Clause in Contracts

Cashback. 4.1 The Cardholder will earn Cashback at a percentage of Qualifying Transactions as specified by the Bank from time to time, provided that the total Qualifying Transactions incurred in AED (Dirhams) during a Billing Month meets the minimum amount determined by the Bank. The Bank at its sole discretion will round down the total Cashback earned during a Billing Month to the nearest Dirham. 4.2 All Qualifying Transactions billed to the Primary Account under this Program are eligible to earn Cashback. This will not include the following transactions: • Balance transfers • Local cash advances • Credit card cheques • Finance charges • All fees charged on the Card by the Bank • Transactions reversed by Merchants • Utility bill payments like telephone bills, water and electricity bills made through the Bank's payment channels like Call Center, Mashreq On-line, ATM, mobile banking, branches or any other Bank's payment channel. • Any other transactions determined by the Bank from time to time