Minimum Salary
5.000,00 د.إ
Rate
3.45 %
Earn up to 1.5% Cashback on all you buy with RAKBANK RED Mastercard Credit Card
Main Benefit: No Annual Fees, 1.5% Discount on local and International transactions
Point to Consider: Foreign exchange fees on abroad purchase
Main Features:
Up to 1.5% discount on all retail spends
Discounts on your Spend:
| Spend | Discount |
| AED 1,000 – AED 2,999 | 1% |
| AED 3,000 & above | 1.5% |
Max. discount Cap of AED 300 per month or 1.5% of Card limit, whichever is lower.
*Effective 14th April 2020, all spends under the category of Government Services and Utility Payments will earn 0.25% discount for every AED 1 spent.
Financial Features:
Annual Fees: Nil
Minimum Salary Requirement: AED 5,000
Retail Interest Rate: 3.45% will be charged on the outstanding amount on monthly basis after 55 days interest free period
Foreign Currency Transactions Rate:
Balance Transfer Fees: Yes, available
Repayment Period: 25 Days from statement date
Purchase Protection: Purchase protection and credit shield available
Other Financial Features:
Travel Benefits:
Airport Lounge Access: No
Travel Insurance: Complimentary Travel Accident Insurance
Meet & Greet Service: No
Leisure and Entertainment benefits:
Movie Tickets: No
Dining Privileges: Enjoy up to 30% Discount at over 2,000 restaurants and buy one & get one offers with RAKfoodie using your RAKBANK Cards
Golf Benefits: No
All info mentioned can change at any point in time as per the discretion of the bank. The Bank will determine eligibility. All info above is subject to change.
Finmaly helps you compare the best deals on credit cards, loans, and financial products—all in one place. We make it easier to choose what’s right for you with clear, side-by-side comparisons and trusted provider information.