RAKBANK RED Credit Card
- Airport Lounge
- Shopping Benefits
- Fuel benefits
- Movie Discounts
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Best credit cards with 0 Annual fee*
- Cashback up to AED 2,000
- Rewards + Welcome Offers
- No Annual Fee
- Travel benefits
- Dining Discounts
- Entertainment Benefits
Unlock a world of rewards with the RAKBANK Red credit card in the UAE. This card brings you unparalleled benefits across dining, entertainment, and travel. In fact, you can even have facilities like cash advances, free international remittances, and much more.
Dive into the details of RAKBANK Red card and see how it can enhance your financial experience.
RAKBANK Red Credit Card Benefits and Features
The key RAKBANK Red credit card benefits and features are mentioned below:
- Free-for-life card
- Earn 1% cashback rewards upon spending between AED 1,000 and AED 2,999
- Up to 1.5% cashback on each transaction above AED 3,000
- Access up to 80% of your credit limit as cash
- A free-of-charge international remittance every month with the RAKMoneyTransfer facility
- Transfer money to Sri Lanka, India, Europe, Nepal, Pakistan, and the Philippines
- Credit card cheques avaialble
- Complimentary access to regional and international airport lounges in 10+ countries via Marhaba, LoungeKey, and CAC
- Up to 10% cashback at hotel bookings with Booking.com across 200 countries
- Avail 15% off on hotel room bookings with IHG Hotels
- Upgradation and 20% discount on car rentals with Avis Rental Car Service
- Exclusive 10% cashback with Rentalcars.com
- Exceptional Talabat discounts
What are the Eligibility Criteria for RAKBANK Red Card
You are eligible for a RAKBANK Red card if you fulfill the following criteria:
| Eligibility Type | Criteria |
|---|---|
| Age | Minimum- 21 Years |
| Salary (for Salaried Employees) | Minimum- AED 5,000 |
| Average Quarterly Account Balance (for Self-Employed Individuals) | Minimum- AED 75,000 |
| Residency | UAE Citizen or Resident |
Note: Other eligibility criteria may apply based on your profile.
RAKBANK Red Credit Card: Documents Checklist
Here is the list of documents for your card application verification —
| For Salaried Individuals | For Self-Employed Individuals |
|---|---|
|
|
Note:
- All documents must be valid and original.
- Copies of each copy must be kept handy.
- Additional documents may be required.
How to Apply for RAKBANK Red Card via Policybazaar UAE
With Policybazaar.ae, you can easily apply for the RAKBANK Credit Card! All you need to do is fill out the lead form, find the card and hit the apply button. Click here to directly access the credit card lead form!
Why Choose Us?
- Choose from over 80 credit card options
- Enjoy a Hassle-free card application process
- 24/7 active customer care support to answer all your queries
RAKBANK Red Credit Card: Fees and Charges
| Type of Fee | Charges |
|---|---|
| Annual Fee | Free for Life |
| Overlimit Fee | AED 285 |
| Cash Advance Fee | 3.15% or AED 100 (whichever is higher) |
| Card Replacement Fee | AED 75 |
| Late Payment Fee | AED 230 |
| Liability/ No Liability Letter | AED 50 |
| Printed Statement Delivery Fee | NIL |
| E-Statement Fee | NIL |
| Case Release Charge | AED 525 |
| Rescheduling Fees | Up to 1% of the card outstanding |
| Duplicate Statement Fee (before the last statement) | AED 45 for each statement |
| Returned Cheque Fee | AED 100 |
| Fee for issuance of Managers Cheque for refund of excess balance on Card | AED 25 |
| Fate Inquiry of International Remittance | AED 50 |
| International Remittance Fee | AED 75 |
| Sales Voucher Copy Fee | AED 65 |
| International Courier Charges | AED 100 |
| Payment through Exchange House Fee | AED 3 (per transaction) |
| Credit Shield Insurance (on monthly statement balance) | 0.99% |
| International Transaction Fee for Purchase | 2.2 % of transaction amount (in non-AED currency) 1.35% of transaction amount (in AED currency) |
| Early Settlement/ Cancellation Fee for BT/ CCC/ SC/ All EPP Plans (current month interest will be charged) | AED 249 |
| Processing fee for Easy Payment Plan (EPP) at participating merchants | 3 months- AED 49 6 months- AED 49 9 months- 1.5% 12 months- 2% |
| Smart Cash (SC) Processing Fee | AED 100 |
| Credit Card Cheque (CCC) Processing Fee | 1% (Min 50, Max 250) |
Curious about the RAKBANK Red credit card? Explore our FAQs to find answers to common questions.
FAQs on RAKBANK Red Credit Card
Ans: The bank takes up to 5 business days to issue your card after you have submitted your application.
Ans: The cashback points are valid for 15 months from the earned date.
Ans: The calculator is available on the RAKBANK Red card page. Locate the calculator and enter the required details, including monthly spending and local and international spending. The automated result will be instantly displayed.
Ans: The quarterly credit turnover must be at least AED 150,000.
Ans: You can contact RAKBANK via email at contactus@rakbank.ae.
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