Credit Card in UAE

RAKBANK Business Credit Cards in UAE

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Cashback and Rewards
  • Cashback up to AED 2,000
  • Rewards + Welcome Offers
  • No Annual Fee
  • Travel benefits
  • Dining Discounts
  • Entertainment Benefits

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Founded in 1976, RAKBANK is one of the best-performing and profitable members of the UBF (UAE Banking Federation). The bank is headquartered in the Emirate of Ras Al Khaimah in the UAE. It serves millions of customers while operating through more than 27 branches in the country.

RAKBANK offers Sharia-compliant digital banking products that follow Islamic laws. These banking products include bank accounts, credit cards, loans, mortgages, insurance and more to help customers get the best out of their finances. 

RAKBANK offers business credit cards with unique benefits and features. With these business credit cards, the cardholders can enjoy various exciting deals and discounts on dining, travel, entertainment, shopping and more by simply swiping their cards while making payments. 

Keep reading to know more about different types of RAKBANK business credit cards, followed by their features, benefits, eligibility criteria, documents required and much more. Here, you can also learn about how you can apply for your preferred RAKBANK business credit card

Best RAKBANK Business Credit Cards in UAE

RAKBANK offers three types of business credit cards.

  1. RAKBANK Titanium Business Credit Card
  2. RAKBANK Corporate Purchase Credit Card
  3. RAKBANK Corporate Executive Credit Card

RAKBANK Titanium Business Credit Card

RAKBANK Titanium Business Credit Card is one of the best business credit cards in the UAE. The credit card comes with a minimum salary requirement of AED 10,000 for the applicants. 

RAKBANK Titanium Business Credit Card
Free for Life
  • Minimum Salary AED 10,000
  • Annual Fee AED 0
  • Free for Life
  • Low Interest Rate
  • High Credit Limit
  • High Cash Advance Limit
  • Flexible Repayments
  • Global Acceptance & Utility Bill Payments
  • Additional Business Credit Cards for your Key Employees
  • Complimentary Insurance Benefits

Features & Benefits for RAKBANK Titanium Business Credit Card

  • Low Interest Rate: RAKBANK Titanium Business Credit Card charges low interest rates on the outstanding monthly balance of the cardholders.
  • Additional Credit Cards: RAKBANK Titanium Business Credit Card enables business owners to get additional business credit cards for their employees.
  • High Credit Limit: RAKBANK Titanium Business Credit Card comes with a higher credit limit in comparison to other business credit cards offered by different banks.
  • Cashback Offers: RAKBANK Titanium Business Credit Card enables cardholders to earn 1 percent cashback on all the local and international online and offline transactions. The cardholders can earn a maximum cashback of AED 1,000.
  • Lifestyle Privileges: RAKBANK Titanium Business Credit Card offers premium lifestyle privileges for cardholders. 
  • Interest-Free Credit: RAKBANK Titanium Business Credit Card offers up to 55 days of interest-free credit period for the cardholders.
  • Easy Utility Bill Payments: RAKBANK Titanium Business Credit Card enables cardholders to make easy and quick utility bill payments using online banking and mobile banking services. They can make these payments using RAKBANK ATMs as well. The cardholders can also call 600 54 4049 to seek assistance in making quick utility bill payments.
  • Global Acceptance: RAKBANK Titanium Business Credit Card is globally accepted and can be used for shopping, dining and entertainment purposes anywhere in the world. The cardholders can use this business credit card to shop at millions of retail stores across the globe.
  • Online Banking Services: RAKBANK Titanium Business Credit Card can be easily managed using online banking services. The cardholders can simply log in to the bank’s online banking portal and access their transactions and other credit card details.
  • Mobile Banking Services: RAKBANK offers a useful mobile banking app for its customers. The Titanium Business Credit Card members can register on this mobile app and access all the credit card services easily.
  • Purchase Protection: RAKBANK Titanium Business Credit Card offers a purchase protection facility for cardholders. With this service, the cardholders get coverage against loss or damage caused to the goods purchased using the credit card.
  • Travel Accident Insurance: RAKBANK Titanium Business Credit Card offers travel accident insurance for the cardholders to provide coverage against travel abandonment, delayed baggage, loss of baggage and more while travelling. 
  • Personal Accident Cover: RAKBANK Titanium Business Credit Card offers personal accident cover for the cardholders to help them deal with expenses caused due to a loss, damage or accident that occurred while travelling.
  • Dining Benefits: RAKBANK Titanium Business Credit Card offers up to 30 per cent discount at more than 2,000 restaurants worldwide using RAKfoodie. 
  • Credit Shield Insurance: RAKBANK Titanium Business Credit Card offers credit shield insurance for the cardholders, which waives off their outstanding credit card bills in the event of disability, illness or loss of employment. 
  • Uber Offers: RAKBANK Titanium Business Credit Card offers a 20 per cent discount of up to AED 12 each on the first three Uber rides every month. To avail of this offer, the cardholders need to download the Uber app from Google Play Store or Apple App Store and use their RAKBANK business credit card to pay for the rides. 
  • Airport Lounge Access: RAKBANK Titanium Business Credit Card offers unlimited airport lounge access at Dubai, Cairo, Abu Dhabi, Jordan and Kuwait airports.

Cashback Offers on RAKBANK Titanium Business Credit Card

  • Cashback on Transfers: RAKBANK Titanium Business Credit Card offers 0.25 per cent cashback on every AED 1 spent on all the local and international transactions made while paying at schools, supermarkets, petrol/gas stations, transits and more. The eligible cashback transactions also include the transactions made while paying for education, transport, computer services, automobiles, real estate and more.
    Here are a few points to keep in mind – 
  • RAKBANK has a minimum threshold of AED 100 when it comes to redeeming the cashback points.
  • Transactions made using Internet Banking, Mobile Banking, ATMs, Branches, CDMs or any other RAKBANK payment mode will not be eligible for cashback.

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RAKBANK Corporate Purchase Credit Card

RAKBANK Corporate Purchase Credit Card is another useful business credit card for both small and large-scale businesses. The credit card is free for life and offers great deals and offers to help cardholders save more.

Features & Benefits for RAKBANK Corporate Purchase Credit Card

  • Interest-Free Credit: RAKBANK Corporate Purchase Credit Card offers 55 days of interest-free period for the cardholders to help them easily manage their finances.
  • Easy POS Payments: RAKBANK Corporate Purchase Credit Card enables cardholders to make quick POS payments at any retail store around the world.
  • Automatic Debit Facility: RAKBANK Corporate Purchase Credit Card members can set up automatic debit transactions on their RAKBANK savings account for timely credit card bill payments.
  • Online Banking: RAKBANK Corporate Purchase Credit Card can be operated and managed using online banking services. The cardholders need to simply log in to the portal and go to the credit cards section to view their transactions and other card details.
  • Mobile Banking: RAKBANK Corporate Purchase Credit Card members can also download the RAKBANK Mobile Banking App from their preferred app store. They can simply log in to this app and access all their credit card details easily. 
  • Advanced Authorisation Procedures: RAKBANK Corporate Purchase Credit Card comes with advanced authorisation procedures to ensure better security of the credit card.
  • Uber Offers: RAKBANK Corporate Purchase Credit Card 20 percent discount up to AED 12 per ride on the first three Uber rides every month. The cardholders need to download the Uber app and book the ride using their RAKBANK credit card to avail of this offer.
  • Flexible Statement Cycles: RAKBANK Corporate Purchase Credit Card comes with flexible credit card statement cycle options. The cardholders can choose the statement cycle for their credit card bill generation based on their financial preferences.
  • Real-Time Expense Monitoring: RAKBANK Corporate Purchase Credit Card enables card members to monitor their credit card transactions in real time. This helps them avoid making unnecessary transactions and manage their finances in an efficient way.
  • Lounge Access: RAKBANK Corporate Purchase Credit Card offers free airport lounge access to more than 1000 lounges at over 300 locations across the globe. With this RAKBANK credit card, the card members can also get free unlimited Marhaba Lounge access in the MENA region.
  • Corporate Liability Waiver Insurance Cover: RAKBANK Corporate Purchase Credit Card offers corporate liability waiver insurance protection for the business owners to help them cover the losses incurred due to misuse of the credit card by the employees. 
  • Travel and Accident Insurance: RAKBANK Corporate Purchase Credit Card offers travel and medical insurance covers for the cardholders against expenses incurred due to medical emergencies, lost baggage, trip cancellation and more.
  • Email Statements: RAKBANK Corporate Purchase Credit Card enables business owners to get monthly email statements that can easily be accessed by their employees using the SmartData Platform.
  • Consolidated Credit Card Statements: RAKBANK Corporate Purchase Credit Card enables business owners to get consolidated credit card statements sent to the Central Program Administrator.
  • Dine Benefits: RAKBANK Corporate Purchase Credit Card offers up to 30 per cent discount for the cardholders at a broad range of restaurants in the UAE using the RAKFoodie Dining Program.

RAKBANK Corporate Executive Credit Card

RAKBANK Corporate Executive Credit Card offers additional security and control for cardholders. The credit card can be used as a virtual or a physical central payment card to shop at any location in the world.

Features & Benefits for RAKBANK Corporate Executive Credit Card

  • Interest-Free Credit: RAKBANK Corporate Executive Credit Card offers 55 days of interest-free period for the cardholders to help them easily manage their finances.
  • Easy POS Payments: RAKBANK Corporate Executive Credit Card enables cardholders to make quick POS payments at any retail store around the world.
  • Online Banking: RAKBANK Corporate Executive Credit Card can be operated and managed using online banking services. The cardholders need to simply log in to the portal and go to the credit cards section to view their transactions and other card details.
  • Mobile Banking: RAKBANK Corporate Executive Credit Card members can also download the RAKBANK Mobile Banking App from their preferred app store. They can simply log in to this app and access all their credit card details easily. 
  • Automatic Debit Facility: RAKBANK Corporate Executive Credit Card members can set up automatic debit transactions on their RAKBANK savings account for timely credit card bill payments.
  • Flexible Statement Cycles: RAKBANK Corporate Executive Credit Card comes with flexible credit card statement cycle options. The cardholders can choose the statement cycle for their credit card bill generation based on their financial preferences.
  • Advanced Authorisation Procedures: RAKBANK Corporate Executive Credit Card comes with advanced authorisation procedures to ensure better security of the credit card.
  • Real-Time Expense Monitoring: RAKBANK Corporate Executive Credit Card enables card members to monitor their credit card transactions in real-time. This helps them avoid making unnecessary transactions and manage their finances in an efficient way.
  • Uber Offers: RAKBANK Corporate Executive Credit Card 20 per cent discount up to AED 12 per ride on the first three Uber rides every month. The cardholders need to download the Uber app and book the ride using their RAKBANK credit card to avail of this offer.
  • Chip & Pin Technology: RAKBANK Corporate Executive Credit Card comes with the chip and pin technology for the cardholders to make easy and secure transactions at merchants’ point of sale.
  • Authorisation Codes: With RAKBANK Corporate Executive Credit Card, the cardholders get real-time authorisation codes for secure online transactions. 
  • Flexible Card Issuing: RAKBANK Corporate Executive Credit Card members can get the credit card issued under their or their company’s name based on their preferences.
  • Consolidated E-Statements: RAKBANK Corporate Executive Credit Card members can request consolidated credit card statements to manage their finances in a better way.
  • Online Virtual Card: RAKBANK Corporate Executive Credit Card members can use this credit card as a virtual card to make online purchases and carry out other online transactions.
  • Globally Accepted Card: RAKBANK Corporate Executive Credit Card is globally accepted and can be used for shopping, dining and entertainment purposes anywhere in the world. The cardholders can use this business credit card to shop at millions of retail stores across the globe.

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Fees & Charges of RAKBANK Business Credit Cards

Here is the fees and charges structure for all the RAKBANK Business Credit Cards.

Types of Charges

RAKBANK Titanium Business Credit Card

RAKBANK Corporate Purchase Credit Card

RAKBANK Corporate Executive Credit Card

Annual Fees for Primary Card

Free for Life

Free for Life

Free for Life

Annual Fees for Supplementary Card

Free for Life

Free for Life

Free for Life

Finance Charges on Credit Card Cheques

3.45% per month

NA

NA

Finance Charges on retail transactions

3.45% per month

3.45% per month

3.45% per month

Finance Charges on Balance Transfer

3.45% per month

NA

NA

Finance Charges on cash advances

3.45% per month

3.45% per month

3.45% per month

Finance Charges on smart cash

3.45% per month

NA

NA

Cash Advance Charges

2% of cash withdrawn amount

2% of cash withdrawn amount

2% of cash withdrawn amount

Card replacement charges

AED 75

AED 75

AED 75

Late Payment Fee

AED 230

AED 230

AED 230

Duplicate Statement Charges

AED 45 (for each statement)

AED 45 (for each statement)

AED 45 (for each statement)

Over limit Fee

AED 275

AED 285

AED 285

Charges for procuring a copy of sales voucher

AED 65

NA

NA

Processing Fee for Credit Card Cheque

AED 100

NA

NA

Rescheduling Fees

Up to 1% of the Card

Outstanding

NA

NA

Returned Cheque Charges

AED 100

NA

NA

Processing Fee for Smart Cash

AED 100 or 1% (whichever is greater)

NA

NA

Charges for International Courier

AED 100

AED 100

AED 100

Early settlement  or cancellation fee for balance Transfer, Smart Cash, Credit card Cheque, and all Easy Payment Plans (Note that the current monthly interest will be fully charged)

AED 249

NA

NA

Credit Shield Insurance (CSI)

0.99%

NA

NA

Foreign Transaction Fee in Non-AED Currency

2% of the transaction amount

2.1% of the transaction amount

2.1% of the transaction amount

Foreign Transaction Fee in AED Currency

2.5% of the transaction amount

2.5% of the transaction amount

2.5% of the transaction amount

Charges of International Remittance

AED 75

NA

NA

E-statement Fees

NIL

NIL

NIL

Charges for Payment through Exchange House

AED 3 (per transaction)

AED 3 (per transaction)

AED 3 (per transaction)

Charges of Case Release

AED 525

NIL

NIL

Printed statement delivery charges

AED 5 per statement

AED 5 per statement

AED 5 per statement

Liability/No Liability letter

AED 50

AED 50

AED 50

Eligibility Criteria to Apply for RAKBANK Business Credit Cards

Type of RAKBANK Business Credit Cards

Eligibility Criteria for RAKBANK Business Credit Cards

RAKBANK Titanium Business Credit Card

  • The applicant must have a minimum monthly salary of AED 10,000.
  • All UAE nationals and expats are eligible for this credit card.
  • The applicant must have a good credit score.

RAKBANK Corporate Purchase Credit Card

  • All UAE nationals and expats are eligible for this credit card.
  • The applicant must have a good credit score.

RAKBANK Corporate Executive Credit Card

  • All UAE nationals and expats are eligible for this credit card.
  • The applicant must have a good credit score.

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Documents Required When Applying For RAKBANK Business Credit Cards

Here are the common documents required when applying for RAKBANK Business Credit Cards.

  • A completely filled out application form
  • Emirates ID for all the partners – Original and a copy
  • A valid Passport for all the partners – Original and a copy
  • UAE Residency Visa – Original and a copy
  • Board Resolution (if any)
  • Post-dated cheques for security purposes
  • Memorandum of Association
  • Chamber of Commerce Membership Certificate
  • Bank statements of last six to twelve months (for income verification of self-employed applicants)
  • Appointment Letter/Salary Certificate/Pay Slips of the last three months (for income verification of salaried applicants)
  • Power of Attorney
  • Trade License – Original and a copy
  • Proof of Residence – Original and a copy
  • Credit copy (in case the applicant holds another bank credit card)
  • Other Subsequent Amendments

How to Apply for RAKBANK Business Credit Cards in UAE?

Here are a few simple ways to apply for your chosen RAKBANK Business Credit Card.

  • Internet Banking - RAKBANK offers an internet banking portal to enable cardholders to easily manage their finances. The existing RAKBANK customers can simply log in to this portal and apply for their chosen RAKBANK Business Credit Card in just a few clicks. To place the request, they need to go to the requests section, fill out the application form and upload the essential documents to complete the application process.
  • Mobile Banking - RAKBANK also offers an efficient mobile banking app to help its customers easily access their banking details. With this service, the RAKBANK customers can have all the banking products and services at their fingertips. The existing RAKBANK customers can log in to this app and apply for their desired RAKBANK Business Credit Card in minutes. All they need to do is register themselves on the app, log in using their banking credentials and go to the requests section to fill the application form. The applicants need to submit the required documents with the application form. 
  • Bank’s Website - The applicants who do not have access to online banking or mobile banking portals can visit the RAKBANK website and fill out the online application form to apply for their preferred credit card. The applicants can upload their supporting documents on the website or go to one of the RAKBANK branches to submit the same. 
  • Bank’s Branch - The applicants with no access to the internet can visit one of the RAKBANK branches to apply for their desired RAKBANK business credit card. They need to carry the whole set of documents with them so that they can submit the application without any hassle. 
  • Our Website - Visiting our website is one of the most convenient ways of applying for a credit card. The applicants can visit our website and go to the credit cards section to apply for their chosen business credit card. The best part is that they can go through the basic details of all the business credit cards on the website and choose the one that best fits their financial requirements. They can also call our helpdesk in case they need further assistance. Our experts will guide them through the process and help them submit the RAKBANK business credit card application with great ease.

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