RAKBANK RED Mastercard Credit Card

RAKBANK

Min. Salary

AED 5000

Annual Fees

AED 0

Interest Rate

3.45%

FX Rate

2.10%

Benefits

Balance Transfer
CashBack
Credit Shield
Dining Benefit

RAKBANK RED Mastercard Credit Card comes with the right combination of value-packed features and benefits. Get cashback on spends, cardless payments, smart cash facility, 24×7 phone banking, etc.

Reward features

  • Get up to 1.5% cashback on local and international transactions when you spend AED 1,000 or more on your card
  • Get 1% Cashback on spend between AED 1000 to AED 2999
  • Get 1.5% Cashback on spend of AED 3000 and above
  • Maximum cashback applicable up to AED 300
  • Avail free international remittance through RAKMoneyTransfer
  • No annual fee on your RAKBANK RED Mastercard Credit Card and Supplementary Card
  • Supplementary card applicable for any member of your family over 15 years of age

Features

  • Earn cashback on all your purchases
  • No annual fee for your Card
  • Tap & Pay at participating merchants across the globe
  • Avail discounts at 2,000+ restaurants and buy one & get one offers
  • Get free international remittance through your Credit Card every month
  • Comes with Credit Shield cover

Additional Benefits

  • Get cash up to 80% of your credit card limit
  • Convert your purchase into a 0% Easy Payment Plan for 3, 6, 9 or 12 months
  • Global acceptance and cash withdrawals from your RAKBANK Credit Card
  • Discounts at over 2000 restaurants across UAE
  • Discounted chauffer rides with Careem across the Middle East

Fees & Charges

  • Supplementary Card Annual Fee: Free for Life
  • Late Payment Fee: AED 230
  • Over limit Fee: AED 285
  • Cash Advance Fee: 3% or AED 99 (whichever is higher)

Addition Information

  • Credit Shield cover available with RAKBANK RED Mastercard Credit Card
  • 0% Easy Payment Plan for your purchases
  • Balance transfer facility available
  • Pay your utility bills
  • 24×7 phone banking facility available