Best credit cards with 0 Annual fee*
RAKBANK or the National Bank of Ras Al Khaima is one of the oldest and the most versatile banks in the UAE, providing international standard services in the region. Established as PJSC in the year 1976, the company underwent a major transformation shifting its focus on personal and business banking. With over 27 branches and numerous digital portfolios, the bank operates across the UAE and the Middle East. RAKBANK offers a range of individual, business and corporate banking services and products. Among the popular products, RAKBANK credit cards fulfil the daily expenditure and short-term financial requirements of customers.
RAKBANK Titanium credit card is a financial revolution in credit cards. This card is not only the first Titanium card in the whole region, but it is also the first premium card that offers maximum rewards on every spending. This RAKBANK credit card is also packed with a range of unparalleled benefits and privileges that other credit cards simply can’t match. Go through the article to discover the RAKBANK Titanium credit card detailed features and benefits.
You can now enjoy a series of special offers when you get your RAKBANK Titanium credit card. Given below are the details of all the perks you can enjoy with your Titanium credit card from RAKBANK:
Minimum Salary – AED 8,000
RAKBANK Titanium credit card is one of the most rewarding credit cards in the region due to its advance and unique features. The following are the key features of this RAKBANK Credit card:
Packed with a diverse range of privileges, the RAKBANK Titanium credit card provides unmatched benefits. From lifestyle to travel benefits, this RAKBANK credit card offers all types of benefits to meet the basic needs of cardholders. With the RAKBANK Titanium credit card, you can avail of the following benefits.
Earn cashback on all spends:
Note: If the cashback on dining, supermarket & cinemas exceed the monthly maximum cashback for all of these three categories, then the excess expenditure in these categories will earn cashback at standard cashback rates.
In addition to the above-mentioned cashback, the cardholder will also earn up to 2% cashback on domestic and international retail transactions, international cash advances and internet transactions as given below:
Max cashback payable for all these categories is AED 1500 per month.
Members of this RAKBANK credit card can enjoy exclusive offers on holidays, dining, electronics, jewellery, furnishing and much more.
The RAKBANK Titanium Credit Card travel benefits are truly amazing and they give frequent travellers a strong reason to choose this card. Following are the various travel benefits and privileges that are offered by this card:
a. Discounts & Privileges: With this RAKBANK credit card, one can avail of a wide range of exclusive privileges and heavy discount offers on premium hotels and brands.
b. Complimentary Airport Lounge Access: Members of the RAKBANK Titanium Credit Card can enjoy unlimited lounge access to more than 10 VIP airport lounges in Dubai, Abu Dhabi, Kuwait, Jordan and Cairo airports. All they need to do is show this card in order to enjoy all the privileges.
c. Purchase Protection: Any new purchases made by using this RAKBANK Credit Card are insured for up to 30 days from the date of purchase against damage, loss or theft. The cardholder can receive reimbursement up to US$ 1,000 per item and for a maximum of US$ 8,000 per year.
d. Travel Accident Insurance: The RAKBANK credit card provides the primary cardholder and their family members with complimentary travel insurance. This travel accident insurance includes travel inconvenience cover, accident cover, medical cover and much more.
e. Chauffeured Rides: As a member of RAKBANK Titanium Credit Card, the cardholders can get discounts on Careem rides. They also get their first Careem ride for free. In addition to this, RAKBANK credit card members get 20% off on three rides per month.
Buy One Get One Offers:
RAKBANK Titanium Credit Card members can enjoy hundreds of buy one get one free offer across the Middle East & Africa at diners, theatres, cafes and attractions powered by the Buy One Get One MasterCard for You app.
RAKBANK Titanium Credit Card members can access the MasterCard for You app, which provides amazing tips on how to maximise savings and unlock the full potential of this credit card. Cardholders are simply required to choose the type of MasterCard they have, and then they can discover how it can provide travel and lifestyle benefits. Use this app to avail of amazing lifestyle benefits, claim insurance coverage, redeem offers and learn more about shopping privileges.
This RAKBANK credit card also offers plenty of complimentary products and services via the MasterCard Buy 1 Get 1 service, which is available in the MasterCard for You app. Best of all, it is regularly updated to add on the most amazing deals across the globe.
Lifestyle Benefits & Amazing Dining Offers: Cardholders can experience RAKBANK credit card benefits through plenty of lifestyle and dining discounts available all over the world. RAKfeast is an exclusive dining discount programme. RAKBANK Titanium Credit Card members can use the card to pay for meals and beverages at a wide range of participating restaurants and enjoy their meals at the lowest price.
There are numerous reasons to opt for a RAKBANK Titanium credit card. Packed with world-class benefits, this RAKBANK credit card provides amazing cashback offers to its cardholders on all its retail purchases. Not only this, it has various features that make this card the best choice for all types of spenders. However, some of the main reasons to get a RAKBANK Titanium Credit Card are mentioned below:
In addition to the world-class benefits, this RAKBANK credit card provides a host of offers to help maximise savings. From travel and lifestyle to dining and wellness, it caters to a range of offers that keeps on updating from time to time.
There are several fees & charges associated with the RAKBANK Titanium Credit Card that every cardholder must know before using the card to avoid any penalty. Following are the fees & charges of this RAKBANK credit card:
|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 Balance Transfer||1.50% per month|
|Finance Charges on Credit Card Cheques (CCC)||2.25% per month|
|Finance Charges on cash advances||3.45% per month|
|Finance Charges on smart cash||2% per month|
|Fees for Cash Advance||3% of cash withdrawn amount or AED 99 (whichever is higher)|
|Fees for card replacement||AED 75|
|Over limit Fee||AED 275|
|Late Payment Fee||AED 230|
|Fees for Duplicate Statement||AED 45 (for each statement)|
|Fees for Returned Cheque||AED 100|
|Fees for procuring a copy of the sales voucher||AED 65|
|International Courier Fees||AED 100|
|Processing Fees for Credit Card Cheque||1% (Min AED 50 and Max AED 250)|
|Processing Fees for Smart Cash||AED 100|
|Processing Fees for Easy Payment Plan (EPP) at all participating merchants||AED 49 for 3 months
AED 49 for 6 months
5% for 9 months
2% for 12 months
|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|
|Foreign Transaction Fee in Non-AED Currency
Foreign Transaction Fee in AED Currency
|2% of the transaction amount
5% of the transaction amount
|Credit Shield Insurance (CSI)||0.99%|
|Fees for International Remittance||AED 75|
|Fees for Payment through Exchange House||AED 3 (per transaction)|
|Rescheduling charges||Up to 1% of the card’s total outstanding amount|
|Fees for Cash Release||AED 525|
|Printed statement delivery charges||AED 5 per statement|
There are several factors that determine the eligibility criteria of the Titanium credit card. An individual should satisfy the below-mentioned criteria to obtain this card:
Applicants need to submit some documents in order to complete their RAKBANK credit card application. Below is a complete list of the required documents:
One can easily apply for a RAKBANK Titanium credit card either online or in person.
Interested individuals can visit RAKBANK’s official website in order to apply for this RAKBANK credit card. Now click on the apply button and submit the credit card application after filling in all the required details. Once the details are filled incorrectly, the bank will check whether the applicant is eligible to avail of the RAKBANK Titanium credit card or not. Based on the eligibility of the customer, they may or may not receive the card. It will be at the discretion of the RAKBANK to decide if the applicant has to be given a credit card or not.
An applicant can also apply for this RAKBANK credit card offline by visiting the nearest branch of RAKBANK. He/She needs to fill in the credit card application form provided by the bank executive. Along with this, they have to submit the required documents to get a credit card. If the applicant meets the eligibility criteria, then the bank will dispatch the credit card within 7-8 working days.
|RAKBANK Credit Cards|
Ans: A supplementary RAKBANK Titanium Credit Card is basically a card that is provided to family members of the primary cardholders. It works similarly like a primary credit card and allows supplementary cardholders to access credit limits and avail all the cashback and rewards. All supplementary card members share the same credit limit with the primary card.
Ans: Well, cashback is the special feature of the RAKBANK Titanium Credit Card. Through this exclusive feature, the cardholder can get maximum returns on their every spending. The cashback program allows the customers to earn cashback anytime, anywhere in the world on all his retail purchases.
Ans: The cashback is provided to the cardholders when he/she makes retail purchases by using this card. Hence, there are some other transactions that will not earn cashback and they are as follows:
Ans: Well, it is totally up to the cardholder that how he/she wishes to use the cashback amount as there are no limitations on using the cashback amount. If in case there is an outstanding amount on the RAKBANK Titanium Credit Card when the redemption request gets processed, the cashback amount will be adjusted against that. As a result, the due amount from the cardholder to the bank will be reduced to the extent.
And if there is no outstanding amount on the card then the cashback will reflect as a credit balance and it can further be used to make retail purchases. Thus, the cardholder will get a chance to earn further cash back.
Please note that only the primary card member can redeem this cashback amount. It can also be credited to his account. Remember that the cashback amount can’t be en-cashed or transferred to any other card
Ans: Unredeemed cashback amount will expire in 15 months. Therefore, it is mandatory that the primary cardholder redeems all the accumulated cashback within 15 months before it gets expired.
Ans: Yes, you can get your lost or misplaced card replaced but remember that the bank will charge a nominal replacement fee of AED 75 for replacing the card.