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The RAKBANK Titanium Business Credit Card has a significant difference when compared to the personal ‘Titanium Credit Card’ of RAKBANK. This RAKBANK credit card is basically designed to manage all business expenses. Member of this card can make business transaction across the globe by using this credit card. They can use the card to pay for purchases of goods such as raw materials, new stock, and equipment. Also, they can use this card for services provided by the local or overseas suppliers. Packed with a wide range of features and benefits, this credit card is one of the best business credit cards.
The following are the features of the RAKBANK Titanium Business Credit Card:
The RAKBANK Titanium Business Credit Card makes spending even more fun as it provides numerous offers to its cardholders. In addition to the above-mentioned benefits, this card provides exclusive offers to help maximize savings. They range from lifestyle and travel to dining and a lot more.
The cardholder will get unlimited complimentary airport lounge access at Abu Dhabi, Dubai, Cairo, Jordan, and Kuwait airports.
This RAKBANK credit card offers a wide range of RAKfeast Dining & Lifestyle privileges. Thus, the cardholder can experience world-class benefits via numerous discounted offers.
There are some fees & charges associated with RAKBANK Titanium Business Credit Card that every cardholder must know before get started using the card. The complete list of the fees & charges are as follows:
|Type of Charges||Amount|
|Annual Fees for Primary Card||Free For Life|
|Annual Fees for Supplementary Card||Free For Life|
|Finance Charges on retail transactions||3.45% per month|
|Finance Charges on Credit Card Cheques||3.45% per month|
|Finance Charges on Balance Transfer||3.45% per month|
|Finance Charges on cash advances||3.45% per month|
|Finance Charges on smart cash||3.45% per month|
|Types of Charges||Amount|
|Cash Advance Charges||2% of cash withdrawn amount|
|Card replacement charges||AED 75|
|Over limit Fee||AED 275|
|Late Payment Fee||AED 230|
|Duplicate Statement Charges||AED 45 ( for each statement)|
|Returned Cheque Charges||AED 100|
|Charges for procuring a copy of sales voucher||AED 65|
|Charges for International Courier||AED 100|
|Processing Fee for Credit Card Cheque||AED 100|
|Processing Fee for Smart Cash||AED 100 or 1%, which is greater|
|Early settlement or cancellation fee for balance Transfer, Smart Cash, Credit card Cheque, and all Easy Payment Plans (Note that the current monthly interest will be fully charged)||AED 249|
|Credit Shield Insurance (CSI)||0.99%|
|Charges of International Remittance||AED 75|
|Charges for Payment through Exchange House||AED 3 (per transaction)|
|Rescheduling Fees||Up to 1% of the card’s total outstanding amount|
|Charges of Case Release||AED 525|
|Printed statement delivery charges||AED 5 per statement|
|Other RAKBANK Credit Card|
Q1: How Many Partners or Employees can I Distribute my Credit Limit to?
Ans: You can share your credit limit with up to 9 supplementary card members.
Q2: What is a Late Payment Fee?
Ans: The late payment fee simply means the fee levied on the card account if the minimum amount due is not paid in full by the payment due date. However, the late payment fee for this RAKBANK credit card is AED 230.
Q3: What do I do if my RAKBANK Titanium Business Credit Card is misplaced or stolen?
Ans: If a RAKBANK Titanium Business Credit Card is misplaced or stolen, the cardholder should immediately inform the bank representative about the same. This should be done as soon as possible in order to prevent any fraudulent activities that could happen with the card. After that, the bank will talk to you about a replacement card. Please note that you will be charged a minimal replacement fee of AED 75.
Q4: Can I withdraw cash from this RAKBANK credit card?
Ans: Yes, you can withdraw cash up to 90% of your total available credit limit in times of financial emergency.
Q5: How do I Gain access to airport Lounges using my RAKBANK Titanium Business Credit Card?
Ans: To gain access to airport lounges, you must have your RAKBANK Titanium Business Credit Card in person. Just swipe your card at the reception and enjoy unlimited complimentary lounge access at Abu Dhabi, Dubai, Cairo, Jordan, and Kuwait airports.