Noor Bank Credit Cards

Noor Bank Credit Cards

Established by decree of Sheikh Mohammed bin Rashid Al Maktoum in 2008, Noor Bank was initially launched as Noor Islamic Bank. Noor Bank follows the Sharia-compliant principles of Islamic Banking as seen in the interest-free Noor Bank credit cards. This serves its customers with tireless dedication and was the first bank in the UAE to open a 24/7 around the clock branch. Noor bank provides various banking and investment services for individual customers and corporations alike.

As of 2018, It was ranked as the 11th largest bank in UAE with respect to total assets. The bank is in possession of more than AED 45 billion worth in assets as of 2018. The Noor Bank credit cards are loaded with remarkable benefits from daily spending incentives to travel discounts and much more. Noor Bank has consistently been a frontrunner in UAE’s banking and finance industry and has won various awards for its innovative approach to finance, its leadership team and its role as an Islamic retail banking firm.

Types of Noor Bank Credit Cards

As an Islamic Banking product, Noor Bank credit cards charge no interest. Noor Bank currently offers 4 types of credit cards, the specifics of which are detailed below.

  1. Rewards Cards
    The Rewards line of Noor Bank credit cards offers great deals on retail transactions and the chance to redeem loyalty points for various products and services. There are 3 variants of the Noor Bank Rewards credit card.

a. Noor Bank Rewards Titanium Credit Card

  • Annual Membership Fee: This credit card has no membership fee.
  • Monthly Profit Rate: 3.25%
  • Minimum Monthly Income Required: AED 8,000

    Benefits:

i. As part of the U by Emaar loyalty program, the owner of a Rewards Titanium Noor Bank credit card will earn:

  1. 1% cashback on all local purchases.
  2. 2% cashback on all international purchases.

ii. Unlimited complimentary access to partnered airport lounges in the Middle East. The full list of available lounges for this Noor Bank MasterCard can be found online.

iii. The credit card owner gets 1 free valet parking service every month in dozens of locations around UAE. This offer is valid on meeting a minimum monthly spending requirement of AED 3,000. The list of available locations may be found online.

iv. Cardholders can also benefit from Noor Bank’s partnership with MasterCard, via the Mastercard ‘Buy 1 Get 1’ app. The MasterCard app is available on Android and iOS stores and can be used to avail of hundreds of complimentary services and products.

v. Card members can also earn cashback on any Telecommunications Regulatory Authority (TRA) approved internet calling plans. The cashback criteria are as follows:

  1. AED 50 cashback for minimum spending between AED 3,000 – AED 4,999.
  2. AED 100 cashback for minimum spending above AED 5,000.

b. Noor Bank Rewards Platinum Credit Card

  • Annual Membership Fee: This credit card has no membership fee.
  • Monthly Profit Rate: 3.25%
  • Minimum Monthly Income Required: AED 8,000

    Benefits:

i. As part of the U by Emaar loyalty program, the owner of a Rewards Platinum Noor Bank credit card will earn:

  1. 25% cashback on all local purchases.
  2. 2% cashback on all international purchases.

ii. Unlimited complimentary access to partnered airport lounges in the Middle East. The full list of available lounges for this Noor Bank MasterCard can be found online.

iii. On meeting the minimum monthly spend requirement of AED 3,000 the card owner becomes eligible for 2 airport pick-up or drop-off services every year. The offer is applicable within Sharjah, Dubai or Abu Dhabi only.

iv. The card owner gets 2 free valet parking services every month in dozens of locations around UAE. This offer is valid on meeting a minimum monthly spending requirement of AED 3,000. The list of available locations may be found online.

v. Cardholders can also benefit from Noor Bank’s partnership with MasterCard, via the Mastercard ‘Buy 1 Get 1’ app. The MasterCard app is available on Android and iOS stores and can be used to avail of hundreds of complimentary services and products.

vi. 1 complimentary round of golf every month for the Noor Bank credit card owner and a guest at the Arabian Ranches Golf Club, Dubai. This offer is available on meeting a minimum monthly spend of AED 5,000. Cardholders that spend more than AED 10,000 in a month will be given an additional complimentary round of golf.

vii. Free access to the Talise gym in Dubai and Le Royal Meridien gym in Abu Dhabi on spending AED 5,000 per month with the Platinum Noor Bank credit card.

viii. Card members can also earn cashback on any Telecommunications Regulatory Authority (TRA) approved internet calling plans. The cashback criteria are as follows:

  1. AED 50 cashback for minimum spending between AED 3,000 – AED 4,999.
  2. AED 100 cashback for minimum spending above AED 5,000.

c. Noor Bank Rewards World Credit Car

  • Annual Membership Fee: This card has no membership fee.
  • Monthly Profit Rate: 3.25%
  • Minimum Monthly Income Required: AED 8,000

    Benefits:

i. As part of the U by Emaar loyalty program, the owner of a Rewards World Noor Bank credit card will earn:

  1. 50% cashback on all local purchases.
  2. 2% cashback on all international purchases.

ii. Unlimited complimentary access to 900+ airport lounges globally. The full list of available lounges for this Noor Bank MasterCard can be found online. The Rewards World Noor Bank credit card also offers travel insurance coverage of up to USD 500,000.

iii. On meeting the minimum monthly spend requirement of AED 3,000 the card owner becomes eligible for 4 airport pick-up or drop-off services every year. The offer is applicable within Sharjah, Dubai or Abu Dhabi only.

iv. 10% discount on all international round trip flight tickets booked through Cleartrip.ae. Rewards World Noor Bank credit card owners can utilize the discount by booking through the Cleartrip.ae site found online and entering the promo code ‘MCWORLD’ during booking.

v. Owners of the Rewards World Noor Bank credit card are offered complimentary travel insurance benefits from MasterCard. These benefits include travel inconvenience covers such as lost baggage, trip cancellations, missed flight connections and also include medical covers, which include personal accident cover, emergency medical expenses, medical evacuation and more.

vi. Complimentary stays at Starwood Preferred Guests Hotel & Resorts establishments.

vii. The Rewards World MasterCard gives the cardholder access to discounted car rental rates and more by offering a complimentary Hertz Gold Plus Rewards Five Star membership.

viii. The card owner gets 3 free valet parking services every month in dozens of locations around UAE. This offer is valid on meeting a minimum monthly spending requirement of AED 3,000. The list of available locations may be found online.

ix. Cardholders can also benefit from Noor Bank’s partnership with MasterCard, via the Mastercard ‘Buy 1 Get 1’ app. The MasterCard app is available on Android and iOS stores and can be used to avail of hundreds of complimentary services and products.

x. 1 complimentary round of golf every month for the card owner and a guest at the Arabian Ranches Golf Club, Dubai. This offer is available on meeting a minimum monthly spend of AED 5,000. Cardholders that spend more than AED 10,000 in a month will be given an additional complimentary round of golf.

xi. Free access to the Talise gym in Dubai, the Le Royal Meridien gym in Abu Dhabi and the Bodylines Rotana gym in Al Ain, on spending AED 5,000 per month with the Rewards World Noor Bank credit card.

xii. Noor Bank credit card members can also earn cashback on any Telecommunications Regulatory Authority (TRA) approved internet calling plans. The cashback criteria are as follows:

  1. AED 50 cashback for minimum spending between AED 3,000 – AED 4,999.
  2. AED 100 cashback for minimum spending above AED 5,000.

2. Noor Wealth World Credit Card

Noor Bank’s Noor Wealth World credit card provides a mix of travel benefits, cash back rewards and a lot more.

  • Annual Membership Fee: This credit card has no membership fee.
  • Monthly Profit Rate: 3.25%
  • Minimum Monthly Income Required: AED 8,000

    Benefits:

i. As part of the U by Emaar loyalty program, the owner of a Wealth World Noor Bank credit card will earn:

  1. 50% cashback on all local purchases.
  2. 2% cashback on all international purchases.

ii. Unlimited complimentary access to 900+ airport lounges globally. The full list of available lounges for this card can be found online. The Wealth World Noor Bank credit card also offers travel insurance coverage of up to USD 500,000.

iii. On meeting the minimum monthly spend requirement of AED 3,000 the Noor Bank credit card owner becomes eligible for 6 airport pick-up or drop-off services every year. The offer is applicable within Sharjah, Dubai or Abu Dhabi only.

iv. The Wealth World Noor Bank credit card offers the cardholder complimentary access to the airport greeting service known as Marhaba Meet and Great, up to 2 times every year. Under the Marhaba service, the card owner is escorted till the arrivals hall in an expedited manner. The complimentary Marhaba Meet and Greet services are made available on meeting a monthly spend requirement of AED 3,000.

v. 10% discount on all international round trip flight tickets booked through Cleartrip.ae. Wealth World Noor Bank credit card owners can utilize the discount by booking through the Cleartrip.ae site found online and entering the promo code ‘MCWORLD’ during booking.

vi. Owners of the Wealth World Noor Bank credit card are offered complimentary travel insurance benefits from MasterCard. These benefits include travel inconvenience covers such as lost baggage, trip cancellations, missed flight connections and also include medical covers, which include personal accident cover, emergency medical expenses, medical evacuation and more.

vii. Complimentary stays at Starwood Preferred Guests Hotel & Resorts establishments.

viii. The Rewards World MasterCard gives the cardholder access to discounted car rental rates and more by offering a complimentary Hertz Gold Plus Rewards Five Star membership.

ix. The card owner gets 4 free valet parking services every month in dozens of locations around UAE. This offer is valid on meeting a minimum monthly spending requirement of AED 3,000. The list of available locations may be found online.

x. Cardholders can also benefit from Noor Bank’s partnership with MasterCard, via the Mastercard ‘Buy 1 Get 1’ app. The MasterCard app is available on Android and iOS stores and can be used to avail of hundreds of complimentary services and products.

xi. 1 complimentary round of golf every month for the Noor Bank credit card owner and a guest at the Arabian Ranches Golf Club, Dubai. This offer is available on meeting a minimum monthly spend of AED 5,000. Cardholders that spend more than AED 10,000 in a month will be given an additional complimentary round of golf.

xii. Free access to the Talise gym in Dubai, the Le Royal Meridien gym in Abu Dhabi and the Bodylines Rotana gym in Al Ain, on spending AED 5,000 per month with the Rewards World Noor Bank credit card.

xiii. Crads members can also earn cashback on any Telecommunications Regulatory Authority (TRA) approved internet calling plans. The cashback criteria are as follows:

  1. AED 50 cashback for minimum spending between AED 3,000 – AED 4,999.
  2. AED 100 cashback for minimum spending above AED 5,000

3. Noor Bank Srilankan Titanium Credit Card

As suggested by the name the Srilankan Titanium Noor Bank credit card offers cardholders incredible deals on SriLankan Airlines flights and various other travel advantages as shown below.

Annual Membership Fee: AED 300*
*
The Srilankan Titanium Noor Bank credit card has no membership fee in the first year. The annual membership fee comes into effect from the second year onwards.

  • Monthly Profit Rate: 3.25%
  • Minimum Monthly Income Required: AED 8,000

    Benefits:

a. Owners of the Srilankan Titanium Noor Bank credit card are enrolled into the FlySmiLes Loyalty program, through which the cardholder earns FlySmiLes miles on every transaction made with this card. FlySmiLes miles can be earned in the following way:

i. FlySmiLes mile for every US$1 spent with the card.

b. FlySmiLes miles can be redeemed for flight tickets, ticket upgrades and more at SriLankan Airlines. The card also allows FlySmiLes miles to be transferred between partnered airlines under the Oneworld Airlines network. The Oneworld Airlines network includes American Airlines, British Airways, Qatar Airways and 30+ other airlines.

c. The Srilankan Titanium Noor Bank credit card also gives the cardholder membership into the FlySmiLes Silver Tier program. Silver Tier benefits include extra baggage allowance, priority check-in services and preferential wait-list advantages.

d. The Noor Bank credit card offers the cardholder 2 complimentary lounge visits to any Loungekey supported airports across the globe.

4. Noor Bank Wafa Titanium Credit Card

The Noor Bank Wafa card provides travel advantages in the form of air miles and cash back deals on select community store purchases.

  • Annual Membership Fee: This Noor Bank credit card has no membership fee.
  • Monthly Profit Rate: 3.25%
  • Minimum Monthly Income Required: AED 8,000

    Benefits:

a. Owners of the Wafa Noor Bank credit card are enrolled into the FlySmiLes Loyalty program, through which the cardholder earns FlySmiLes miles on every transaction made with the Noor Bank credit card. FlySmiLes miles can be earned in the following way:

i. 1 FlySmiLes mile for every US$1 spent with the Noor Bank credit card.

b. FlySmiLes miles can be redeemed for flight tickets, ticket upgrades and more at SriLankan Airlines. The Noor Bank credit card also allows FlySmiLes miles to be transferred between partnered airlines under the Oneworld Airlines network. The Oneworld Airlines network includes American Airlines, British Airways, Qatar Airways and 30+ other airlines.

c. The Noor Bank credit card owner is given unlimited access to airport lounges in the Middle East.

d. Members of the Wafa Noor Bank credit card are enrolled in the Wafa Loyalty program. As part of the Wafa Loyalty program, the Noor Bank cardholder is eligible for cash back on purchases made at Aswaaq community stores as per the following criteria:

i. 2% cash back on expenditures that are less than AED 1,500.

ii. 5.5% cash back on expenditures between AED 1,500 and AED 3,000.

iii. 11% cash back on expenditures that are more than AED 3,000.

Features & Benefits of Noor Bank Credit Cards

Noor Bank credit cards come fully equipped with the latest security features. Furthermore, their enormous range of local and international offers makes Noor Bank one of the most popular choices for a credit card in the UAE.

  1. Online Security
    Online shopping has become the most preferred way of shopping today. As such, Noor Bank ensures the utmost level of security for all online transactions made with a Noor Bank credit card. Noor Bank also offers extremely helpful advice on their site on how to prevent online breaches of security through phishing, e-mail scams and over-sharing of personal information.
  2. Equal Payment Plans
    Purchases made through Noor Bank credit cards can be converted into equal monthly instalments with low-profit rates of 0.49% and tenors of up to 48 months. Known as an Equal Payment Plan (EPP), the scheme typically charges a one-time processing fee of 3% and is available on various leading brands of electronics, retail, jewellery, travel and more. Certain partnered stores even offer 0% profit rate EPPs for 12-month tenors and no processing fee. A list of eligible EPP vendors can be found online. Existing Noor Bank credit card members may convert purchases into an EPP by contacting (+971)800-6667.
  3. Balance Transfer
    Noor Bank offers lucrative balance transfer facilities to cardholders. Noor Bank credit card owners can transfer overdue balance amounts from any bank to a Noor Bank credit card account and as a result, enjoy low monthly profit rates of 0.49% for 3 months to 48 months tenors.
  4. Cash Transfers
    Customers can request for up to 90% of their available Noor Bank credit card limit to be transferred into any personal bank account. The cash transfer facilities are available for minimum transactions of AED 1,000 and charge a monthly profit rate of 0.49% for 3 months – 48 months tenors. The cash transfer facility is extremely useful during financial emergencies or in the event of sudden and unforeseen expenses. Cash transfer facilities can be availed at Noor Bank branches, by sending an SMS containing ‘EC Y’ to 3526 or by contacting the Noor Bank credit card customer care number at (+971)800-6667.
  5. Supplementary Cards
    Supplementary Noor Bank cards extend the benefits of a Noor Bank credit card to family members. Supplementary Noor Bank credit card owners can access the primary card’s credit limit, convert the transaction into EPPs, avail travel benefits and much more. Furthermore, the owner of the primary Noor Bank credit card can even fix spending limits on the supplementary card for monitored spending.
  6. Credit Shield Takaful
    Credit Shield is an insurance scheme which covers the outstanding balance on a Noor Bank credit card in the event that the primary cardholder is unable to pay off their dues. The insurance covers events such as death, sudden and involuntary unemployment and permanent total or partial disabilities of the cardholder.
  7. Contactless Payments: This gives the cardholder access to the extremely convenient feature of contactless payment. Through Samsung Pay, Noor Bank credit card owners can make payments directly through their Samsung mobile device. The contactless payment feature is quick, convenient, highly secure and available in a majority of local and international stores.
  8. Benefits: A Noor Bank credit card allows cardholders to achieve their financial aspirations and to save enormously on purchases made with the card. Some of the Noor Bank benefits are as follows:
  • Noor Bank Privileges
    As owners of a Noor Bank credit card, customers gain access to tons of offers on car repairs, medical expenses, travel bookings and more. A full list of privileges can be found online.
  • Travel Benefits
    Many of the Noor Bank credit cards offer membership into loyalty programs that can be leveraged for redemption against flight tickets, upgrades and tour package discounts. As exclusively MasterCard products, It also provide the cardholder with incredible MasterCard benefits such as complimentary travel inconvenience and medical emergency insurance covers.
  • Cash Back Deals
    The cash back offers allow cardholders to save on nearly every category of retail purchase. Additionally, programs such as the Wafa Loyalty program even allow the card member to earn cash back on community store spending.
  • Gym Access
    Some of the Noor Bank credit cards even offer complimentary access to first-class gyms across UAE. Cardholders can avail of the service in Dubai, Abu Dhabi and Sharjah alike.
  • Golfing
    Golf enthusiasts can use certain Noor Bank credit cards to get complimentary rounds of golf at the prestigious Arabian Ranches Golf Club in Dubai.

Noor Bank Credit Card Profit Rates & Annual Membership Fees

Given below is the full list of the Noor Bank credit cards monthly profit rates and annual membership fees:

 

Category Name of the Card Annual Membership Fee (in AED) Monthly Profit Rate (in %)
Rewards Noor Bank Rewards Titanium Credit Card Free 3.25
Noor Bank Rewards Platinum Credit Card Free 3.25
Noor Bank Rewards World Credit Card Free 3.25
Noor Wealth Noor Wealth World Credit Card Free 3.25
Wafa Noor Bank Wafa Titanium Credit Card Free 3.25
Srilankan Noor Bank Srilankan Titanium Credit Card 300.00 (The membership fee is waived for the first year. It is applicable from the second year onwards) 3.25

Noor Bank Credit Card Eligibility

While the Noor Bank credit card eligibility criteria are subject to change at Noor Bank’s discretion, the following factors are always taken into consideration.

  1. Age
    The applicants should be at least 21 years of age. Minors under the age of 21 may be allowed to apply for a Noor Bank credit card from time to time, but only jointly with a legal guardian.
  2. UAE Residents
    Typically only UAE residents are eligible for a Noor Bank credit card. Non-UAE residents looking for a credit card from bank are advised to get in touch with the customer care staff at (+971)800-6667.
  3. Credit History
    Past banking records play a huge role in the Noor Bank credit card application process. The application might be rejected if the credit bureau records show a history of late payments and defaulted loans.
  4. Income
    Applicants are required to show an independent source of income and provide accurate employer details. Self-employed or corporate customers may also be asked to present a valid trade license as part of the Noor Bank credit card application procedure.
  5. Earning Potential
    The Noor Bank staff will also assess the applicant’s earning potential, by looking at their monthly income. It require a minimum monthly income of AED 8,000. This requirement may be further raised depending on the requested credit limit.

Noor Bank Credit Cards Based on Salary

 

Category Name of the Card Required Minimum Monthly Income (in AED)
Rewards Noor Bank Rewards Titanium Credit Card 8,000.00
Noor Bank Rewards Platinum Credit Card 8,000.00
Noor Bank Rewards World Credit Card 8,000.00
Noor Wealth Noor Wealth World Credit Card 8,000.00
Wafa Noor Bank Wafa Titanium Credit Card 8,000.00
Srilankan Noor Bank Srilankan Titanium Credit Card 8,000.00

 

(Updated as of Feb 2019)


How to Apply for a Noor Bank Credit Card?

Noor Bank credit cards can be applied for in one of three ways.

  1. At Noor Bank Branches
    The application forms can be submitted at any of the Noor Bank branches in UAE. The branch locations can be found online.
  2. Noor Bank Online
    Alternatively, the application may also be completed via the Noor Bank online The Noor Bank online credit card application can be filled online.
  3. Telephonically
    The Noor Bank credit card application process can also be initiated over the phone. The Noor Bank customer care number is (+971)800-6667.

The documents required for the Noor Bank credit card application process are as follows:

  1. Passport: Original and copy
  2. UAE Visa: Original and copy (for expatriates only)
  3. Khulasat Al Qaid (for UAE nationals only)
  4. Latest 3 months bank statement
  5. For salaried applicants: Latest salary certificate
  6. For self-employed applicants: Original and copy of the trade license as well as the latest 6 months of the company’s bank statement.

It may ask for additional documents as per their requirements. The card application form can be downloaded online.


Noor Bank Credit Card Profit Rates

The monthly profit rates per Noor Bank credit card are mentioned below.

 

Category Name of the Card Monthly Profit Rate (in %)
Rewards   Noor Bank Rewards Titanium Credit Card 3.25
Noor Bank Rewards Platinum Credit Card 3.25
Noor Bank Rewards World Credit Card 3.25
Noor Wealth Noor Wealth World Credit Card 3.25
Wafa Noor Bank Wafa Titanium Credit Card 3.25
Srilankan Noor Bank Srilankan Titanium Credit Card 3.25

 

(Updated as of Feb 2019)


Noor Bank Credit Card Limit

The card limit is set in one of two possible ways:

  1. Self-Funding
    The cardholder may fund their own credit limit by providing Noor Bank with a cheque for the decided upon amount. The cheque is then deposited in a Noor Bank account and made available for the customer to use through their Noor Bank credit card.
  2. Murabaha Agreement
    The owners that do not wish to fund their own credit limit can instead enter into a Murabaha agreement with the bank. Under a Murabaha agreement, Noor Bank will purchase a commodity for which the cardholder will partake in the risks of investment alongside the bank. The owner will be required to make minimum payments for the commodity every month.

The owners may check their available credit limit via the Noor Bank online portal. The online Noor Bank login can be found online.


Noor Bank Credit Card Charges

Some of the associated Noor Bank credit card charges are mentioned below.

  • Late Payment Charge: AED 230
  • Over-Limit Fee: AED 250
  • Returned Cheque Charge: AED 100
  • Card Replacement Charge: AED 75

The full list of Noor Bank credit card charges can be found online.


How to Cancel a Noor Bank Credit Card?

Primary card owners can request for closure of the credit card at any point of time by submitting a written request to Noor Bank for the same. First, the cardholder will have to settle any outstanding balance and charges on their Noor Bank credit card. After doing so, the customer should submit an account closure form, accompanied with the primary and supplementary Noor Bank credit cards cut in half.

The Noor Bank account closure form can be found online.

Optionally, credit card owners may also request for a No Liability Certificate via the customer instruction form, which is written proof that the customer has no outstanding debt with Noor Bank.

The Bank customer instruction form can be found online.


Why Choose Noor Bank Credit Cards?

Noor Bank offers unparalleled benefits in the Islamic Banking sector. It’s products are known for their huge savings and focus on local UAE spending. Some of the numerous advantages of a Noor Bank credit card are listed below.

  • Islamic Banking Principles
    As an Islamic Banking institution, It provides only Sharia-Compliant products. Neither do the cards charge interest nor do they carry any hidden charges. The cardholders can avail world class benefits without having to compromise on principles or worry about extra charges being tacked on.
  • Experienced Staff
    The Noor Bank management team comprises of a diverse panel of industry leaders. Decades of the first-hand experience and innovative investment strategies have helped Noor Bank chisel out profits year after year. The profits are distributed amongst shareholders and depositors, while Noor Bank’s dedication to market research ensures there are plenty of these profits to share.
  • Local Shareholders
    Noor Bank is majorly held by local shareholders, with over 50% of the bank’s total shares in the possession of HH Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, the Investment Corporation of Dubai (ICD) and the Emirates Investment Authority (EIA). The effects of such an enormous local stake in the bank can be seen clearly in the form of various UAE-exclusive benefits that credit cards
  • Asset Holdings
    Global recognition further sets apart Noor Bank from its competitors, with prestigious institutes such as Bloomberg ranking the bank as one of the top 3 bookrunners and one of the top 10 lead arrangers for Islamic Banking in the Europe and the Middle East & North Africa (MENA) regions. Noor Bank, along with its dozens of active mandates is also responsible for asset holdings upwards of US$ 11 billion in value.
  • Loyalty Advantage
    As a Noor Bank credit card owner, not only will the cardholder earn massive savings, but the card also allows them to build a loyal relationship with the bank. This loyalty can be leveraged for benefits across the many other Noor Bank financial services such as those of home loans and auto loans financing.
  • Easy Access: Numerous Noor Bank branches are scattered across the UAE, giving cardholders easy access to their excellent banking services from anywhere in the country. Furthermore, the Noor Bank online portal allows cardholders easy and around the clock access from across the globe as well. Locations of the various Noor Bank branches can be found online.