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.
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
Fees and 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)
RAKBANK Titanium Credit Card offers a wide array of benefits and privileges. Avail cash back on card spends, buy 1-Get 1 offers, complimentary purchase protection, access to VIP airport lounges.
Features:
Cashback on card spends
Buy 1 – Get 1 Free offers
Travel, lifestyle and insurance benefits
Low interest rate on your card purchases
Cash advance facility available
FREE Purchase Protection, Travel Insurance and Fraud Protection Insurance
Offers on electronics, jewellery, holidays, dining, furnishing etc
Fees and 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)
RAKBANK MasterCard Credit Card comes with numerous exciting features. Get cashback on all retail purchases, easy payment plan, low interest rate, discounts on dining & shopping, and much more.
Features:
1% cashback on all retail purchase transactions
0% Easy Payment Plan
Interest free credit
Discounts on dining & shopping
Free Purchase protection and travel inconvenience insurance
Balance Transfers at 1.50% p.m
Fees and Charges:
Supplementary Card Annual Fee: Free for life, up to 9 Supplementary Cards
Late Payment Fee: AED 230
Over limit Fee: AED 275
Cash Advance Fee: 3% or AED 50 (whichever is higher)
RAKBANK nmc Credit Card comes with various wellness benefits and other rewarding features and has been developed in association with nmc Group. It offers discount on diagnostic testing, cashback on purchases, cash advance facility, discounts on dining and shopping and much more.
Features:
Cashback on all retail purchases
0% Easy Payment Plan
Discounts at nmc hospitals, pharmacies, opticians, beauty salons, restaurants and jewelers
Up to 55 days interest free credit
Discounts on dining and shopping
Cash advance facility available
Fees and 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)
RAKBANK Kalyan Jewellers Credit Card is the Credit Card that offers Goldback on all spends. Smart Cash, discounts on card purchases, complimentary access to airport lounges. Free travel accident insurance and purchase protection cover.
Features:
Assured Goldback on purchases at Kalyan Jewellers
Goldback on all local & international purchases
Privileged discounts on dining and shopping
No annual fee on card
Free access to VIP lounges
Complimentary travel accident insurance and Purchase Protection
Offers on electronics, jewellery, holidays, dining, furnishing etc
Complimentary Buy 1 Get 1 offers Mastercard for You app
Fees and Charges:
Supplementary Card Annual Fee: Free throughout life
Late Payment Fee: AED 230
Over limit Fee: AED 285
Cash Advance Fee: 3% or AED 99 (whichever is higher)
RAKBANK Géant La Carte MasterCard Credit Card comes with compelling benefits, rewards and discounts at Géant and Le Marche hypermarkets. Earn & redeem La Carte points program, easy payment plan, credit shield protection, etc.
Features:
La Carte points program, La Carte Points on spends
Option to redeem La Carte Points
Cash advance facility available
Free card purchase protection
0% Easy payment plan
Free Travel Accident Insurance
RAKfeast dining program
Fees and 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)
World Muraabaha Credit Card is based on the Murabaha and Wakalah mode of Islamic financing. The credit card is free for life and includes a wide spectrum of benefits and privileges for your everyday needs. This is sharia compliant card.
Features:
Free for life
Complimentary lounge access
Buy 1 Get 1 offers at MasterCard app
Earn points for every spend, redeemable for cash credits
Titanium Murabaha Credit Card is based on the Murabaha and Wakalah mode of Islamic financing. The credit card offers multiple benefits and privileges for your everyday needs. This is sharia compliant card.
Features:
Free for life
Earn points for every spend, redeemable for cash credits
Souhoula Credit Card is a rewards credit card that offers a wide range of benefits and privileges across shopping and travel. The credit card also offers purchase protection and secure transaction features. This is sharia compliant card.
Features:
Free for life
Cash Back Loyalty Program
Receive 5000 Bonus Loyalty Points
Complimentary lounge access across Middle East & Levant
Free supplementary credit card
Purchase protection
Up to 2% Cash Back on your savings account with National Bonds Corporation
Fees and Charges:
Supplementary Card Annual Fee: AED 52.50 per card
Late Payment Fee: AED 157.50
Cash Advance Fee: 3.15% of the transaction amount Or AED105 whichever is higher
Platinum Murabaha Credit Card is designed on the basis of the Murabaha and Wakalah mode of Islamic financing. The credit card is offers a myriad of benefits and privileges for your everyday needs. This is sharia compliant card
Features:
Free for lifetime
Earn points for every spend, redeemable for cash credits
No annual fee credit card is different from our credit cards, it basically bridges the gap between the customers expectations and bank offerings. As for a normal credit card you need to keep the account status active. Moreover they automatically deduct the annual fee from the account. And it’s not like you would get less perks and benefits. It’s just that both the cards have different and equal perks and benefits. No annual fee credit card is basically for the people who don’t use the card on daily bases so that they don’t worry about the annual fee.
It’s very similar to the basic credit card. The only difference is that no annual credit card doesn’t charge the yearly fee and the normal credit cards have some yearly fee to use the card. Just like a normal card you have a pin to access it.
There are alot of banks who offer no annual credit cards. Banks also have different offers and deals on credit cards, so it’s better to look into all the deals and then decide according to your own requirement.
Every card has its charges, fees and interests, but majorly no bank charges any extra charges for the no annual fee credit card. The process is similar to a normal credit card.
No, there are no such fees. It’s like a basic credit card. You have your own security pin to access the card. And while making an online payment, you put the details and to make the payment you get an OPT on the linked mobile phone number.
People who are very sensible while using a card should get a no annual fee credit card as they hardly use it. If they don’t even use it that much to pay an annual fee for no reason.
Having a credit card is always a plus one, when there’s no annual fee credit card its even better. As it gives you the opportunity to build credit, earn rewards like cash backs, even protection against credit card fraud and increased purchasing power.
There are alot of benefits of having a no annual fee credit, as it saves on interest and fees, you get better credit rewards, your credit score keeps on increasing every time you use it. You can make transactions sitting at home while using a card.
