RAKBANK Kalyan Jewellers Credit Card

RAKBANK in partnership with India-based Kalyan Jewellers, provides a new co-branded credit card that offers goldback to the cardholders on all purchases done both internationally and locally. The loyalty points earned on this RAKBANK credit card can be redeemed in the form of jewellery at any of the 9 outlets of Kalyan Jewellers in the UAE. 

Features of RAKBANK Kalyan Jewellers Credit Card

• No Annual Fee: This RAKBANK credit card does not charge an annual fee, that is, this credit card is free for life.
• Finance Charges: This RAK credit card offers low finance charges of 3.45% on cash advance and outstanding retail transactions.
• Supplementary Card: The RAKBANK Kalyan Jewellers Credit Card also provides supplementary cards free of cost.
• Interest Free Credit: This RAKBANK Credit Card benefits its member with an interest-free credit for up to 55 days.

Benefits of RAKBANK Kalyan Jewellers Credit Card

This RAK credit card offers a variety of benefits to the cardholders. Some of these are as follows:

1. Exclusive Offers

• This RAKBANK Credit Card offers exclusive offers on jewellery, dining, electronics, holidays, furnishing and more.
• The cardholders receive a variety of Buy one Get one offers throughout Africa and the Middle East across cafes, dining, attractions and entertainments through the Mastercard For You App.
• The cardholders can get a discount of 20% on three Careem rides (monthly) by downloading the Careem App and registering as the new customer. The first ride after registration is free. To avail this new customer offer, the cardholder can enter the MC1RIDE as promo code and to avail 20% subsequently, they can enter MASTERCARD as promocode.

2. Interest-free Easy Payment Plan (EPP) on Gold and Diamond Jewellery

• The cardholder can enjoy an interest-free Easy Payment Plan (EPP) for three or six months on gold shopping and interest-free Easy Payment Plan (EPP) for six or twelve months on diamond shopping worth 1000 AED or more at the outlets of Kalyan Jewellers in the UAE.

3. Lifestyle and Dining Benefits

• The card members can avail an exclusive and diverse range of privileges and benefits at exciting outlets in the UAE. Some of these can be Getaways, Fashion, Entertainment, Jewelry and Watches, Fitness and Spa and Books & Departmental Stores.
• This RAKBANK credit card also offers RAKfeast to the cardholders which is an exclusive discount programme on dining. They can use their card to pay for beverages and meals at various partner restaurants and avail great discounts.

Eligibility Criteria for RAKBANK Kalyan Jewellers Credit Card

The applicants must have a minimum income of 5,000 AED per month in order to be eligible for buying this RAKBANK Credit Card.

Top Reasons to Get RAKBANK Kalyan Jewellers Credit Card

This RAK credit card offers a plethora of benefits and offers to the cardholders which makes it a good choice for the applicants. Following are the reasons why to choose RAKBANK Kalyan Jewellers Credit Card:

• Loyalty Points: This RAKBANK credit card offers loyalty points (in the form of Goldback) against eligible purchases that can be redeemed at a Kalyan Jewellers outlet in the UAE.
• Benefits: RAKBANK Kalyan Jewellers Credit Card offers a variety of benefits to its cardholders which include dining benefits, insurance benefits, lifestyle benefits, travel benefits, and more.
• Customer Service: RAKBANK provides 24*7 customer care service by giving the credit cardholders access to their services and support anytime they need. The friendly customer care agents support and guide the card members in an informative manner, resolving their queries and doubts efficiently (if any).
• Free for Life: This RAKBANK Kalyan Jewellers Credit Card charges no annual fee from the cardholders making it free for life. There is no fee charged on supplementary cards as well. 

Fees and Charges on RAKBANK Kalyan Jewellers Credit Card

RAKBANK Kalyan Jewellers Credit Card charges very low fees and interests from its cardholders. The fees and charges are as follows:

(These charges will be applicable w.e.f. 27-02-2019)

RAKBANK Kalyan Jewellers Credit Card Rewards

This RAK credit card offers Goldback as reward points to the cardholders on all their spending. The rewards offered by this credit card are-

• The cardholders can earn Goldback up to 7% on all the spends done internationally.

Monthly Spend Categories	Non-Kalyan Jewellers Goldback(International Spends)	Additional Goldback(Kalyan Jewellers India)
Up to 14,999.99 AED	3 percent	2 percent
15,000-29,999.99 AED	4 percent	2 percent
30,000 AED and above	5 percent	2 percent
Monthly Spends (Minimum)	NA	NA
Monthly Goldback (Maximum)	2000 AED	NA

The cardholders can also earn Goldback up to 5% on cash advances outside UAE and online transactions.

• The cardholders can earn Goldback up to 4.5% on all the spends done locally.

Monthly Spend Categories	Non-Kalyan Jewellers Goldback(International Spends)	Additional Goldback(Kalyan Jewellers India)
Up to 14,999.99 AED	1 percent	1.5 percent
15,000-29,999.99 AED	2 percent	1.5 percent
30,000 AED and above	3 percent	1.5 percent
Monthly Spends (Minimum)	NA	NA
Monthly Goldback (Maximum)	1200 AED	NA

How to Redeem the Reward Points on RAKBANK Kalyan Jewellers Credit Card?

• The cardholder can redeem their Goldback that they have earned against the purchases they have made at the outlets of Kalyan Jewellers in the UAE within fifteen months.
• The cardholders need to carry their RAKBANK Kalyan Jewellers credit card while they visit the Kalyan Jewellers showroom for redemption.

MasterCard For You Application

The cardholders can access a variety of benefits and offers using the ‘MasterCard For You’ app on their smartphones. This app helps them to know how they can utilize their cards to its optimum potential. After registering on the app, they simply need to choose the kind of MasterCard they have and begin exploring the various benefits offered to them.

This app can be used to redeem offers, claim insurance covers and access benefits. Use this MasterCard For You app for exploring the following:

• Buy one Get one offers in the selected locations
• A variety of insurance, lifestyle and travel benefits
• Shopping privileges online
• Protection policy on the card

The cardholders can download this app from the App Store and Google Play Store.