RAKBANK MasterCard Credit Card Features & Benefits

By PolicyBazaar
  | Published: 05 November 2019 | Last Updated On: 12 January 2021
Average Rating / 5 (ratings ) | 508 Views

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With a host of features & benefits, the RAKBANK MasterCard Credit Card is amongst the best in the UAE market. This credit card offers a cashback on all domestic as well as international retail purchases.

It also offers various offers and discounts on shopping and dining and comes at a low rate of interest. You can enjoy financial benefits such as interest-free days, low minimum payments, cash advance, and more.

Key Highlights of MasterCard Credit Card

  • No annual charge levied on primary & supplementary credit card ever
  • Cash advance limit is 80 percent of the credit card limit
  • Cashback on all the local & international spends
  • Minimum payment amount is three percent in a month
  • 45 percent to be paid as retail finance fee
  • Offers on shopping & dining

Main RAKBANK MasterCard Credit Card Features

Mentioned below are some of the best features available on this MasterCard credit card.

No-Interest Days

RAKBANK provides a no-interest duration of 55 days (maximum) to the member of this RAKBANK credit card.


The bank provides the facility to transfer money through the RAKMoneyTransfer servie using digital banking irrespective of wherever you are or by directly visiting the branch. You can transfer the funds to Pakistan, India, Nepal, Sri Lanka, Philippines, Europe, & various other places across the globe.

Easy Payment Plan

Using the easy plans for making payment, the bank has successfully made your shopping simpler. Your huge purchases can be converted into zero percent installments of three, or six, or nine, or 12 months with several participating merchants.

Cash Advance

You can enjoy a cash advance up to 80 percent of the credit card limit. You have to pay a cash advance fee of 3 percent or 99 dirhams, whichever is more. The bank also charges 3.45 percent on cash advance.

Minimum Payment

The bank offers the users of this card the lowest minimum payment of only 3 percent in a billing month. The due date of payment is 25 days from the statement date.

Main RAKBANK MasterCard Credit Card Benefits

Listed below are the top benefits available on this MasterCard credit card.

Zero Annual Charges

The credit card does not charge any annual charges throughout the life of the card.


With this credit card, the user can avail the discount of 30 percent (maximum) at above 2,000 restaurants within the UAE.

Cashback on Transactions

This credit card allows you to earn while you spend. The RAKBANK MasterCard Credit Card offers you a cashback of one percent on international purchase transactions including internet transactions and cash advances. You also get a cashback of one percent on domestic purchases on a minimum retail spend of 1,000 dirhams in one month.

You get a cashback of 0.25 percent on each one dirham spent under the category of utility and telecom bill payments & government services, car rentals, gas/petrol, real estate, and transport stations. You can earn a maximum discount of 300 dirhams on both local as well as international spends in a billing month.

Other Benefits

This MasterCard also offers other benefits such as privileges on shopping and dining along with a low rate of interest.

The Bottom Line!

If you are looking for a credit card that helps you save as well as enjoy the high-end lifestyle of the UAE, then RAKBANK MasterCard Credit Card can be the one for you. This credit card is loaded with a huge amount of benefits and privileges including shopping, dining, and various other financial benefits. Moreover, this Mastercard is free for its entire lifetime.