CBI Rewards Platinum Credit Card

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Get cashback up to AED 2000

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This CBI Credit Card is a free for life card that is loaded with a huge range of additional benefits and features. This MasterCard Rewards Platinum Card is amongst the top everyday reward cards.

The cardholder can enjoy various benefits include such as complimentary access of airport lounges, free movies, Priceless Arabia offers, dining, credit shield insurance & entertainment experiences through the CBI Lifestyle app and much more.

Benefits and Features of CBI Rewards Platinum Credit Card

Here are a few benefits and features of this CBI Bank Credit Card.

  • Annual Fee: This MasterCard Platinum Credit Card charges no annual fee from the cardholder.
  • CBI Lifestyle: CBI lifestyle is a unique entertaining and dining discount program. This program provides 1000+ buy one get one free offers and amazing discounts at various lifestyle, wellness, entertainment, and dining outlets. These offers can be availed by downloading the CBI Lifestyle app on iOS or Android devices and registering for this program.
  • Access to Airport Lounges: This CBI Credit Card offers free and unlimited access to participating 25 partner airport lounges throughout the world. Both, the primary and the supplementary cardholder can unwind and relax while traveling by availing this offer provided by MasterCard.
  • Complimentary Movies: The card member may earn up to 100 percent cashback (up to AED 150) on a maximum of four movies tickets every month at any day of the week, at any cinema in UAE.
  • Supplementary Cards: The card member can also opt for supplementary cards without any cost for their family members. However, only the first three supplementary cards are free, subsequently, an annual fee of 26.25 AED is charged.
  • Balance Transfer: This CBI Credit Card offers a 0 percent interest Balance Transfer for three or six months.
  • Easy Payment Plans: The cardholder can avail the Easy Payment Plan at 0 percent interest with the partner outlets of the bank using this MasterCard Platinum Card. This facility helps in spreading the cost of large purchases.
  • Cash Advance: The card member can withdraw cash from any ATM or branch of the bank using this MasterCard Platinum Credit Card. The withdrawal limit is equivalent to 50 percent of the available credit limit (maximum). A small processing fee is charged on this cash advance facility.
  • Credit Shield: Credit Shield insurance is an optional product that a primary cardholder can avail on this credit card. It offers credit protection to the cardholder in case of total permanent disability, death or critical illness.
  • SMS Alerts: This CBI Credit Card also sends SMS alerts for all the transactions made on their credit card. These alerts are sent on the registered contact number of the cardholder free of cost.

Rewards and Offers on CBI Rewards Platinum Credit Card

CBI Rewards is amongst the top loyalty programs across UAE. This program has a high earning rate for points and a large range of options for redemptions. The cardholder has the flexibility to use the points for whatever they need.

Category Reward Points (on each dirham)
Local Spends 0.5
International Spends 1

Priceless Arabia: CBI brings exclusive offers for all CBI MasterCard holders with Priceless Arabia. These offers include an amazing collection of lifestyle benefits.

Careem Offers: CBI comes with exciting Careem offers like for first time users who can enjoy one free ride along with a 20 % discount on the next three rides (per month).

Eligibility and Documents Required for CBI Rewards Platinum Credit Card

Eligibility:

  • The minimum salary required for CBI Rewards Platinum Credit Card is AED 15,000
  • Only UAE Residents of age 21-60 years are eligible

Documents Required:

  • Valid passport for UAE Nationals
  • Valid Emirates ID
  • Valid passport and valid UAE residence visa for Expatriates
  • Salary Certificate
  • Last three months bank statements

Charges and Fees on CBI Rewards Platinum Credit Card

Here are a few applicable fees & charges on this CBI Bank Credit Card: 

Fees and Charges Amount
Annual Fee on Primary Card Nil
Annual Fee on Supplementary Card First 3 cards: Nil 4th Card onwards: 26.25 AED
Finance Charge- Retail Transaction 3.45 percent
Finance Charge- Retail Transaction (on missed payment) 3.70 percent
Finance Charge- Cash Transaction 3.75 percent
Finance Charge- Cash Transaction (on missed payment) 3.95 percent
Balance Transfer (one time in the 1st 6 months) 0 percent (for three months)
EPP (Easy Payment Plan) 1 percent (maximum 36 months)
Transfer from Cash to Account 1 percent (maximum 36 months)
Processing Fee on Transfer from Cash to Account 1 percent
Cash Advance Charge 3.15% (minimum 105 AED)
Late Payment Charge 230 AED
Over Limit Charge 313.95 AED
Card Reissuance/Replacement Charge 78.75 AED
Credit Shield Cover (on balance of statement) 0.85 percent

Frequently Asked Question about the CBI Rewards Platinum Credit Card

Q1: What is the annual fee on the CBI Rewards Platinum Credit Card?

Ans: The CBI Rewards Platinum credit card is free and comes without any annual fee charges.

Q2: What happen if the CBI Rewards Platinum Credit Card is lost or stolen?

Ans: Please contact the call center at 04 503 9000 immediately. The Customer service representatives are available 24/7 for assistance. One can also call on +971 4 503 9000 if they are travelling overseas.

Q3: Does one need to activate their CBI Rewards Platinum Credit Card after receiving it?

Ans: Yes, due to security reasons one has to call 04 503 9000 to activate their card. This is a simple process and is to ensure the safety of the card.

Q4: What is the balance transfer fee on the CBI Rewards Platinum Credit Card?

Ans: The users of the CBI Rewards Platinum credit card are charged 1 percent as balance transfer fees for the first three months.

Q5: What is the cash advance fees on  the CBI Rewards Platinum Credit Card?

Ans: The cash advance fees on the CBI Rewards Platinum credit card is 3.15 % or a minimum of AED 105.