RAKBANK RED Credit Card

RAKBANK Red Credit Card offers a variety of features and benefits including travel and lifestyle. One of the unique features of this RAKBANK credit card is 1.5 percent saving program. As per this feature, the cardholder gets 2 percent back on every transaction made using the card whether nationally or internationally.

RAKBANK RED Credit Card

Free for Life

• Minimum Salary AED 8,000
• Annual Fee Free for Life

• Free for Life
• Dining Discounts
• Special Discounts

 

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Features and Benefits of RAK BANK RED Credit Card

• No Annual Fee: This RAK BANK 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 retail transactions.
• Supplementary Card: The RAKBANK Red Credit Card also provides supplementary cards free of cost.
• Interest-Free Credit: This RAKBANK Credit Card benefits its member with a no interest credit for at most 55 days.
• Cash Advance: The cardholders can avail a cash advance of up to 80% of their credit limit.
• Minimum Payment: It is necessary to make minimum payments on the credit card, otherwise, a late payment fee is levied on the cardholder. This RAK BANK credit card offers a low minimum payment of just 3% monthly.

Top Reasons to Get RAK BANK Red Credit Card

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

• Tap and Go: This contactless technology of the credit card leads to fewer queues and less payment time with different merchants around the globe.
• Benefits: RAKBANK Red Credit Card offers a variety of benefits to its cardholders that include lifestyle benefits, insurance benefits, dining benefits, and more.
• Customer Service: RAKBANK provides round the clock customer care service by giving the credit cardholders access to their support and services as and when needed. The friendly customer care executives help and guide the cardholders in an informative manner, resolving their doubts and queries effectively (if any).
• Free for Life: This RAKBANK Red Credit Card charges zero annual fees from the cardholders making it free for life. There are zero fees charged on supplementary cards also.

Rewards and Offers on RAKBANK RED Credit Card

The cardholders get a discount of up to 1.5 percent on transactions done locally as well as internationally. This discount is entered in the form of savings in the card statement when the cardholder spends 1000 AED and above (monthly) through their card. 

• The cardholder gets a discount cap of maximum 300 (monthly).
• With effect from January 1^st, 2018, all the spending done in the category of Utility Payments and Government Services is entitled to earn a discount of 0.25 percent for each AED 1 spent.
• With effect from August 2^nd, 2018, all the spending done in the category of Bill Payments, Real Estate, Gas or Petrol Station, Transport, and Car Rentals is entitled to earn a discount of 0.25 percent for each AED 1 spent.

Fees and Charges on RAK BANK RED Credit Card

RAKBANK Red 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) 

FAQs on RAK BANK Red Credit Card

Q1: Will I be billed twice if I accidentally tap more than once at the checkout?

Ans: No. If you accidentally tap more than once at the checkout, then you will not be billed twice.

Q2: Is the ‘Tap and Go’ option secure?

Ans: Yes. The tap and go option is as safe as any chip transaction because it contains a secure and sophisticated chip.

Q3: Do I need a signature or pin for ‘Tap and Go’ technology?

Ans: The transactions equal to or below $100 AED do not need your PIN or signature.

Q4: What is a supplementary card?

Ans: Add-on or supplementary credit cards are offered to the primary cardholder’s family members. They work just like a primary credit card. The supplementary cardholders are even eligible for the same benefits that are offered to the primary cardholders, however, the reward points earned, if any, through this card are credited to the account of the primary cardholder.

Q5: What is Credit Shield Insurance?

Ans: It is a protection benefit given to the cardholder that gives coverage for the outstanding balance on your credit card. In case you are unable to pay your credit card dues because of any unforeseen situation like involuntary unemployment, critical health condition, or even death, this insurance keeps you and your family covered.

This RAK Credit Card charges 0.99% for Credit Shield Insurance.

Q6: What is the number of remittances that I can make through RAKMoney Transfer using RAKBANK Red Credit Card?

Ans: You can remit money to Pakistan, India, Philippines, Sri Lanka or Nepal using this RAKBANK Red Credit Card through RAKMoney Transfer. Keeping within the maximum retail remittance limit, you can make as many remittances as you want. You can also send funds over the predefined maximum retail limit but only up to the cash limit available on your credit card. Any remittance made above the maximum retail remittance limit would be considered as a cash transaction and finance charges may be levied on it starting from the transaction date. Cash advance fee will not be charged on such transactions.