RAKBANK Cashback Credit Cards in UAE

By Atul Yadav
  | Published: 26 October 2021

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National Bank of Ras Al Khaimah or RAKBANK is one of the oldest banks in the UAE. Ever since its inception in 1976, the bank has achieved several milestones in the UAE banking system. With widespread services in the corporate sector, the bank also shifted its focus towards personal and business banking in the year 2001. Currently, it operates across the UAE offering banking services through 27 branches and various digital portfolios including digital and phone banking. 

The bank is famous for its customer-focused products and services, offering a range of bank accounts, credit & loan services and investment banking. Among its products, RAKBANK cashback credit cards are affordable and come with lenient eligibility criteria. The cards focus on earning you cashback on daily expenses that you can redeem for exclusive discounts. Apart from that, RAKBANK offers numerous rewards and benefits on lifestyle, entertainment, travel, shopping and a lot more.   

Best RAKBANK Cashback Credit Cards in UAE 

RAKBANK Titanium Credit Card

RAKBANK Titanium Credit Card
Free for Life
  • Minimum Salary AED 5,000
  • Annual Fee Free for Life
  • Free for Life
  • Airport Lounge Access
  • Dining Discounts
  • Movie Discounts

Features & Benefits of RAKBANK Titanium Credit Card

  • Get up to 5% cashback on supermarket and restaurant bills every month with minimum spending of AED 5,000. You can earn a maximum of AED 150 per month.
  • Avail of 50% discount on movie tickets up to AED 50 every month with a monthly spend of AED 5,000 or above. 
  • Get 1% cashback on every domestic and international retail purchase on a monthly spend of up to AED 14,999.
  • Earn 2% cashback on all retail purchases after spending AED 15,000 and above monthly. You can earn up to AED 1500 every month.
  • Get unlimited access to 10 VIP lounges at various airports in the Middle East and Africa.
  • Avail of up to 55 days of interest-free credits.
  • Get a cash advance of up to 80% Credit limit.
  • Easy EMI payments with as low as 0% interest.
  • Enjoy 30% at over 2000 restaurants with RAKfoodies.
  • Rewards on each expense through RAKBANK Titanium Credit Card.
  • Purchase Protection
  • Travel Insurance

RAKBANK Kalyan Jewellers Credit Card

RAKBANK Kalyan Jewellers Credit Card
Free for Life
  • Minimum Salary AED 5,000
  • Annual Fee Free for Life
  • Free for Life
  • Airport Lounge Access
  • Dining Discounts
  • Purchase Protection & Extended Warranty

Features & Benefits of RAKBANK Kalyan Jewellers Credit Card

  • Get up to a total of 7% Goldback on all international spending.
  • Receive up to 3% Goldback on all international expenses on monthly spending of up to AED 14,999.
  • Earn up to 5% Goldback on all international spending on a monthly expenditure of AED 30,000 and above. 
  • Earn up to 4.5% Goldback on all domestic expenditure. The maximum Goldback per month limits to AED 1,200. 
  • No annual charges ever.
  • Exclusive offers on electronics, jewellery, holiday, dining, furnishing, etc.
  • Unlimited access to 10 lounges at select Airports in the Middle East and Africa.
  • Get up to 55 days of interest-free credits.
  • Get cash advance of up to 80% credit limit.
  • Easy EMI payments with as low as 0% interest.
  • Enjoy 30% off at over 2000 restaurants with RAKfoodies.
  • Purchase Protection
  • Free Travel Insurance 

RAKBANK Red Credit Card

RAKBANK RED Credit Card
Free for Life
  • Minimum Salary AED 8,000
  • Annual Fee Free for Life
  • Free for Life
  • Dining Discounts
  • Special Discounts

Features & Benefits of RAKBANK Red Credit Card

  • Earn up to 1.5% cashback on each local and international purchase on spending AED 3,000 and above.
  • Get cashback of 1% (both domestic and international) on spending between AED 1,000 to 2,999 every month. The maximum cashback you can earn is AED 300. 
  • One free international remittance with RAKMoneyTransfer every month.
  • The bank offers a credit shield (Fraud Protection) facility with RAKINSURANCE.
  • Get up to 30% discount at over 2000 restaurants with RAKfoodie.
  • You can avail of 0% easy payment plans in installments of 3, 6, 9, and 12 months.

RAKBANK World Credit Card

RAKBANK World Credit Card
Free for Life
  • Minimum Salary AED 20,000
  • Annual Fee Free for life
  • Free for Life
  • Airport Lounge Access
  • Cinema Offers
  • Cashback
  • Airport pick-up and drop off service
  • Dining Offers
  • Travel Insurance

Features & Benefits of RAKBANK World Credit Card

  • Get an unmatched cashback of up to 10% on travel and supermarket expenses.
  • Earn up to 5% cashback on all retail and international expenses.
  • Get up to 3% cashback on all domestic retail purchases. 
  • The card doesn’t include an annual membership charge for the first year. Later, it remains free, subject to fulfilling the minimum spend criteria.
  • Get access to Global Blue VIP Services at airports and VIP Lounges.
  • Get unlimited access to over 1000 premium airport lounges worldwide.
  • Enjoy 6 airport pick up and drop facilities in UAE and 3 airport pick up and drop services in metro cities in India.
  • 10% discount on round trip flight bookings through Cleartrip.

Benefits of RAKBANK Cashback Credit Cards in UAE  

When it comes to RAKBANK credit cards, you receive incredible cashback benefits on all domestic and international payments such as utility bills, govt. bills, school fees, supermarket purchases, international transactions, and a lot more. Other benefits of the RAKBANK cashback cards are - 

  • Get up to 5% cashback on all supermarket and dining expenses worldwide. 
  • Earn 50% cashback on cinema tickets every month on a minimum monthly spend of AED 5,000. 
  • Avail of 2% standard cashback on a monthly expenditure of AED 15,000 and above and cashback of 1% for expenses below AED 15,000. Standard cashback is available for all retail purchases using the RAKBANK titanium card worldwide. 
  • Earn up to 10% cashback on travel, supermarket spending and up to 5% cashback on international retail purchases using the world credit card. 
  • Bill payment, education fees, government bills, fuel, vehicle and insurance services expenses would earn you a 0.25% cashback on every 1 AED spent. 
  • Avail of unlimited access to 10 premium airport lounges within and outside UAE at major airports. 
  • Enjoy hundreds of BUY 1 GET 1 offers across Africa and the Middle East on dining, entertainment, cafes, etc. 
  • Enjoy up to 30% discount on dining bills at over 2000 restaurants across UAE with RAKfoodie.
  • Avail of other lifestyle benefits like entertainment and fine dining with RAKBANK Cashback Credit Cards.

Features of RAKBANK Cashback Credit Cards in UAE

RAKBANK products are thoroughly surveyed to bring out the best features for the customers. Following are the key features of RAKBANK cashback credit cards.

  • Annual Membership Charges - RAKBANK credit cards may or may not include an annual membership charge depending on the card type. Interestingly, most of the RAKBANK cashback credit cards are free for life, meaning the cards do not incur an annual membership fee. 
  • Minimum Salary Requirement - Each RAKBANK cashback credit card includes salary criteria that you need to satisfy before applying for the card. The salary requirement may range between AED 8,000 to 20,000 based on the credit card.
  • Cashbacks and Rewards - RAKBANK credit cards offer up to 5% cashback on lifestyle and entertainment expenses depending on the card. Individuals also earn cashback and reward points on daily expenses. The reward points may be Skyward miles if you are a World Elite credit cardholder. Kalyan Jewellers credit card offers up to 7% Goldback on purchases made using the credit card. 
  • Purchase Protection - As a RAKBANK credit cardholder, you can avail of purchase protection that secures your purchases against loss, accidental damages and theft occurring within 30 days.
  • Free Supplementary Cards - The bank offers free supplementary credit cards for family members.
  • Interest-Free Days - RAKBANK credit cards have one of the highest grace periods, also known as interest-free days. The cardholders get up to 55 days of no interest credits.  
  • Airport Lounge Access - Various cashback credit cards offer complimentary access to premium airport lounges worldwide. Airport lounge access offer is applicable to select credit cards, and you need to verify it before applying. 
  • Exclusive offers on Hotel Bookings - RAKBANK offers numerous booking discounts for purchases made through credit cards. Individuals can get up to 10% cashback on hotel bookings through booking.com. 
  • Easy Payment Plans - RAKBANK cashback cards also feature 0% interest easy payment plans that come with flexible repayment tenure of 3, 6, 9 and 12 months. Individuals can convert their big purchases into easy payment plans without paying interest.
  • Other Benefits - Control your credit card daily spending limit with 24/7 digital access through RAKBANK online and mobile banking. In case of loss or theft, you can easily block your cashback credit card using digital channels in no time.

List of RAKBANK Cashback Credit Cards in UAE with Salary Requirement 

The following is the list of best RAKBANK cashback credit cards in UAE with their specific requirements and features. 

RAKBANK Credit Card Type

Requirements

RAKBANK Titanium Credit Card

  • Minimum Salary Requirement of AED 8,000.

Kalyan Jewellers Credit Card

  • Minimum Salary Requirement of AED 5,000.

RAKBANK Red Credit Card

  • N/A

RAKBANK World Credit Card

  • Minimum Salary Requirement of AED 20,000.
     

Eligibility Criteria for RAKBANK Cashback Credit Cards

To apply for a RAKBANK cashback credit card, individuals need to satisfy a few eligibility criteria. The criteria may vary depending on the type of the RAKBANK credit card. The general eligibility criteria are as follows. 

  • Applicant should be 21 years of age or above.
  • Individuals must satisfy the minimum salary requirement depending on the credit card.
  • They should furnish all the required documents like Emirates ID, passport, salary and employment details. 

Documents Required for RAKBANK Cashback Credit Cards

After you have checked your eligibility, you need to collect and submit the following documents at the time of your RAKBANK cashback credit card application.

  • Emirates ID for UAE residents and nationals
  • Valid passport ID (a copy and an original)
  • Visa with address details (for non-residents and expats)
  • Latest salary slips/certificates from the current employer
  • Latest bank account statement (last three months)
  • Income statement (for self-employed individuals) 

How to Apply for RAKBANK Cashback Credit Cards? 

Once your documents are ready, you can reach out to the bank with a duly filled credit card form and requisite documents. You can either visit the nearest RAKBANK branch or apply on their official website at their convenience. Additionally, you can also use telephone banking for a convenient application. 

  • Online Mode - Individuals need to visit the bank’s official website, select their credit card, fill an online RAKBANK credit card application form and submit the required details. The bank will contact you for the further process within a working day.
  • Offline Mode - Individuals can visit the local branch with all the requisite documents and fill the application form under the guidance of the bank’s representative. 
  • Through Telephone Banking - Individuals can contact the bank’s support team on +917 206 4444 during business hours to apply for the best cashback credit card in UAE

Fees & Charges on RAKBANK Cashback Credit Cards

Various charges on RAKBANK cashback credit cards in UAE are as follows - 

RAKBANK Credit Card Annual Membership Charges

RAKBANK Titanium Credit Card

Free For Life

RAKBANK Kalyan Jewellers Credit Card

Free For Life

RAKBANK Red Credit Card

Free For Life

RAKBANK World Credit Card

Free For Life

Fees and Charges

Finance Charges

3.45% (for retail transactions)

3.25% on World Credit Card

Cash Advance Fee

3% or AED 99 (whichever is higher)

Late Payment Fee

AED 230

Over Limit Fee

AED 285

Supplementary Cards Charges

Free for all cards.

Number of days from the statement date to payment due date

25 days

Maximum Interest-free Period

Up to 55 days

Cash Advance Limit

80% of the credit limit

Important Terms and Conditions of RAKBANK Cashback Credit Cards

Individuals would have to follow a few terms and conditions while redeeming the cashback offers. The conditions may vary based on various RAKBANK cashback credit cards. Here are some important conditions to redeem cashback - 

  • The cardholder earns the cashback as the percentage value of the expenditure, and the cashback value can be revised by the bank periodically without prior notice. 
  • Individuals are not eligible to earn cashback for transactions pertaining to - 
    • Balance Transfer
    • Local cash advance
    • Finance charges
    • Fees and charges levied by RAKBANK
    • Credit card cheques
    • Any transactions reversed by the merchant
  • Exclusive cashback such as cashback on dining, travel and supermarket spending is subject to minimum monthly spending on each card. If the spending criteria is not met, the cardholder will earn cashback at the standard rates of 1 or 2% per AED spent.
  • Each RAKBANK cashback card has a minimum threshold limit before which you cannot redeem the cashback. Also, the maximum monthly cashback on each credit card is fixed. Any cashback beyond the upper limit would accrue at the standard cashback rate. Following are the threshold and upper cashback limits for various RAKBANK cashback credit cards.  

RAKBANK Credit Card Type

Minimum cashback threshold in AED

Maximum cashback per month

RAKBANK Titanium credit card

AED 500

 

RAKBANK Kalyan Jewellers credit card

AED 100

AED 1,200

RAKBANK World credit card

AED 1,000

AED 1,500 (For Domestic Spends)

AED 2,500 (For International Spends)

RAKBANK Red credit card

AED 100

AED 300

Other Bank's Cashback Credit Card in UAE

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Frequently Asked Questions 

Is there an annual membership charge on the RAKBANK cashback credit cards?

Most of the cashback credit cards from RAKBANK do not have an annual membership fee. However, the World Credit Card has an annual charge from the second year onwards if the spending criteria is not met.

Do I get interest-free days on the RAKBANK cashback credit cards?

Yes, each RAKBANK credit card comes with a grace period of up to 55 days. If you pay the card bill in full, the bank won’t charge you any interest.

Is there an upper limit of cashback that I can earn using a RAKBANK credit card?

Yes, each RAKBANK credit card has a monthly cashback limit. If you reach the limit, further cashback would be accrued at a 1-2% standard rate, depending on the card.

How to redeem cashback on a RAKBANK credit card?

Before redeeming cashback on a RAKBANK credit card, individuals need to verify whether they surpassed the threshold limit or not. If yes, they can use the cashback by logging into their online account and selecting the ‘cashback redeem’ option.

Atul Yadav
Atul Yadav0 Post

Atul has had a flair for writing ever since he started writing essays in school, which inspired him to subsequently opt for a career in writing. He loves to write about places he's been to (the list is endless) and financial products that can help people make a real change in planning their finances better.