Credit Card in UAE

RAKBANK World Credit Card

Credit Card with
Cashback and Rewards
  • Cashback up to AED 2,000
  • Rewards + Welcome Offers
  • No Annual Fee
  • Travel benefits
  • Dining Discounts
  • Entertainment Benefits

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Established in the year 1976, RAKBANK is one of the oldest nationalised banks in the UAE. It underwent a significant transformation in the year 2001 by shifting its focus on business and personal banking. Today, RAKBANK spans across the UAE with over 27 branches and an extensive network of digital banking portfolios. The bank offers an expert solution with bank accounts, deposit schemes, investment banking, focusing on individual financial growth. Along with banking products, the bank also offers credit card and loan services for individuals and businesses in the UAE. RAKBANK credit cards are popular banking products that provide excellent financial management bundled with numerous loyalty and reward programs. Among various credit cards, RAKBANK World credit card specifically focuses on frequent travellers and offers exciting benefits.  

RAKBANK World credit card offers the best of both local and international benefits in one sleek, supercharged RAKBANK credit card. In addition to the astounding benefits of the World RAKBANK credit card, the card also brings to the table decades’ worth of experience in the UAE market. The article below sheds light on various features and benefits of the RAKBANK World credit card and the ways to acquire it.

RAKBANK World Credit Card
Free for Life
  • Minimum Salary AED 20,000
  • Annual Fee Free for life
  • Free for Life
  • Airport Lounge Access
  • Cinema Offers
  • Cashback
  • Airport pick-up and drop off service
  • Dining Offers
  • Travel Insurance

 

RAKBANK World MasterCard Special Offers 

Enjoy an array of special benefits when you get your RAKBANK World MasterCard, with every purchase you make getting you significant cashback in return. Shopping to your heart’s content now comes with additional monetary benefits with RAKBANK World MasterCard. 

Here are all the offers you can enjoy with your credit card:

  • Enjoy the 1st year of your RAKBANK World MasterCard for free. 
  • Up to 3% cashback on domestic transactions
  • Up to 10% cashback when you make travel-related purchases and bookings with your RAKBANK World MasterCard
  • Get up to 10% cashback on purchases at supermarkets
  • Up to 5% cashback on transactions made internationally using your RAKBANK World MasterCard

Features of RAKBANK World Credit Card

When it comes to a RAKBANK credit card, cardholders can rest assured that they are getting the best in industry features. RAKBANK not only matches the world-class standards and conventions set in place by financial industries across the world, but it also takes it a step further by improving upon the existing standards to ensure the safety and convenience of banking for its cardholders. Here are some of the top features that a RAKBANK credit card offers.

  • Security: Every RAKBANK credit card comes equipped with highly secure chip & pin technology. The RAKBANK credit card is embedded with a microchip, which makes it completely unique and impossible to duplicate. Also, present on the RAKBANK credit cards is a 3D secure technology, which prevents online fraud. The cardholders are asked to enter a 6-digit OTP sent to their registered mobile number whenever an online transaction is being made.
  • Contactless Payment: RAKBANK credit cards allow the cardholder to make contactless payments through the extremely convenient ‘Tap & Go’ feature. Contactless payments are secure, convenient and take barely a few seconds. The RAKBANK credit card Tap & Go feature ensures that the card never has to leave the customer’s hands and that no duplicate payments are made (in the event that the cardholder tapped twice).
  • Balance Transfer: Indebted cardholders can make use of the balance transfer facility to help reduce their total debt. A balance transfer plan allows cardholders to transfer their outstanding balance to the RAKBANK credit card account and pay it back with 0% interest charged. The RAKBANK credit card balance transfer scheme works in the following way:
  1. Cardholders can enjoy 0% interest for the first 3 months on transferred balances. Customers will be charged a processing fee of 1.95% of the transfer amount.
  2. After the first 3 months, RAKBANK credit card owners will be charged 3.45% interest.
  • Easy Payment Plan: Easy Payment Plan (EPP) is one of the most useful features of RAKBANK credit cards. It allows the cardholder to convert any big purchases into smaller monthly instalments. These EPPs can be availed for tenors of 3 months, 6 months, 9 months and 12 months, starting from amounts as low as AED 365. What makes the EPP such a lucrative feature is the fact that it can be availed at 0% interest.
  • SMS Alerts: This RAKBANK credit card feature combines convenience and security in one highly functional service. Real-time SMS alerts allow the RAKBANK credit card owner to keep track of expenditures, withdrawals, balance transfers, offers and more.
  • RAKdirect: RAKBANK employs a highly dedicated staff of customer support executives to provide its 24/7 telephonic helpline known as RAKdirect. RAKBANK credit card owners can avail of the helpful services at any time and on any day of the year by either contacting RAKBANK directly at (04) 213-0000 or by accessing the automatic voice response software at 600-54-4049. RAKdirect can be used to clear RAKBANK credit card queries, to pay utility bills, to request information on the RAKBANK credit card account and even to initiate salary advances.
  • Digital & Mobile Banking: Owners of a RAKBANK credit card can log in to the digital RAKBANK platform for quick and secure banking right from the comfort of their own home. The digital banking platform allows cardholders to view account statements, make RAKBANK credit card payments, pay utility bills, locate branches, transfer funds and even withdraw cash. RAKBANK also offers its customers a mobile banking app, which allows access to all of the online banking features. The app can be downloaded for Android and iOS.
  • Fund Transfer: The fund transfer facilities provided by RAKBANK are extremely comprehensive and diverse in nature. RAKBANK credit card owners can transfer funds in one of the two highly convenient ways:
  1. RAKMoneyTransfer: The RAKMoneyTransfer service gives the cardholder the ability to transfer funds to countries such as India, Nepal, Pakistan, the Philippines & Sri Lanka directly through their RAKBANK credit card. The World credit card allows the cardholder to transfer a maximum of AED 7,500. The associated remittance charges can be found on the RAKBANK website.
  2. Xpress Money: A partnership between RAKBANK and Xpress Money has made it possible for cardholders to instantly transfer money from their RAKBANK credit card to 20 countries, the details of which are mentioned on the RAKBANK website.
  • Credit Card Cheques: RAKBANK has taken an innovative approach to bolster its connectivity by introducing the credit card cheque service. RAKBANK credit card owners can pay using a banker’s cheque in places that do not accept card payments. These credit card cheques may be used to pay for education expenses, utility bills, insurance policies, rent and even vehicles.
  • Cashback Offers: The RAKBANK World credit card offers amazing cashback deals on nearly every category of purchase. The cashback criteria are as follows:
  1. Travel Expenses - Up to 10% Cashback: RAKBANK credit card owners that fall under the minimum monthly spending range of AED 15,000 to AED 19,999 earn 5% cashback on travel expenses such as domestic and international flights, hotel stays and dining. This is capped at AED 300 per month. RAKBANK credit card members that spend more than AED 20,000 in a month earn 10% cashback, capped at AED 600 per month.
  2. Supermarket Expenses - Up to 10% Cashback: RAKBANK credit card owners with a minimum monthly spending range of AED 15,000 to AED 19,999 earn 5% cashback on supermarket spending anywhere in the world, capped at AED 200 per month. RAKBANK credit card members who spend more than AED 20,000 in a month earn 10% cashback, capped at AED 400 per month.
  3. Cinema Expenses - Up to 50% Cashback: Any cardholder who does monthly spending of AED 15,000 or more can avail of this fantastic RAKBANK credit card cinema offer, which gives the cardholder 50% cashback on tickets across the globe. The RAKBANK credit card movie offer is capped at AED 140 cashback per month.
  4. Domestic Retail Purchases - Up to 3% Cashback: 
    • RAKBANK credit card owners with monthly spending of AED 14,999 or less earn 1% cashback on domestic retail purchases.
    • RAKBANK credit card owners with monthly spending between AED 15,000 to AED 29,999 earn 2% cashback on domestic retail purchases.
    • RAKBANK credit card owners with monthly spending of AED 30,000 or more earn 3% cashback on domestic retail purchases.
  • International Retail Purchases - Up to 5% Cashback: 
    • RAKBANK credit card owners with monthly spending of AED 14,999 or less earn 3% cashback on international retail purchases.
    • RAKBANK credit card owners with monthly spending between AED 15,000 to AED 29,999 earn 4% cashback on international retail purchases.
    • RAKBANK credit card owners with monthly spending of AED 30,000 or more earn 5% cashback on international retail purchases.
  • Special Category Expenses: Telecoms, utility, real estate, car rental, government service and fuel expenses made with a RAKBANK credit card earn 0.25% cashback.
  • MasterCard Advantage: As a MasterCard partnered card, the World credit card benefits also include the highly acclaimed MasterCard rewards. Cardholders gain access to the MasterCard for You app, which provides extremely helpful tips on how to maximise savings and unlock the full potential of the RAKBANK credit card.

The World RAKBANK credit card also offers tons of complimentary products and services via the MasterCard Buy 1 Get 1 service, which is available in the MasterCard for You app and regularly updated to include the most lucrative deals around the globe.

Finally, the MasterCard Priceless Cities program grants the RAKBANK credit card owners access to big discounts on international events, dining, shopping and entertainment activities. The full range of Priceless offers can be seen at Priceless.com.

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Benefits of RAKBANK World Credit Card

Designed to offer wholesome benefits, the RAKBANK World credit card comes with travel, lifestyle, entertainment, dining, shopping privileges and much more. Additionally, the card offers dual security for your daily transactions so that you can relax and enjoy rewards on all local and international expenditures. Following are the key benefits of RAKBANK World Credit Card:

  • As a RAKBANK World credit cardholder, you earn an unmatched cashback of up to 10% on travel and supermarket expenses anywhere around the world. Additionally, you earn 10% cashback on hotels, including stay and dining. 
  • With the World credit card, you can earn up to 5% cashback on all international retail expenses and enjoy up to 3% cashback on each domestic retail expenditure. 
  • The bank does not charge an annual membership fee on the RAKBANK World credit card for the first year. Later, it remains free subject to fulfilling the annual spending criteria. 
  • With the World credit card, you get access to VIP Lounges and Global Blue VIP Services at airports that allow you fast track services to airport VIP lanes and automatic completion of tax-free forms. 
  • With this credit card, you can enjoy unlimited access to over 1000 premium airport lounges across the globe without any extra charges. All you need to do is to register at LoungeKey and show your credit card at the lounge reception each time you visit. 
  • The World credit card offers 6 free airport pick up and drop facilities in UAE and 3 airport pickup and drop services in metro cities in India. 
  • As a part of travel benefits, you can enjoy up to 10% discount on round trip flight bookings through Cleartrip using the RAKBANK World credit card. 
  • With the RAKBANK World card, you can enjoy 10% discount on serviced apartments at major locations and capital cities worldwide. The offer is valid on all the bookings of more than 7 days at any of the prescribed locations. 
  • For Uber bookings using RAKBANK World credit card, you get 20% discount on the first 3 rides every month. The maximum discount per ride is capped at AED 12. 
  • When you buy movie tickets using a RAKBANK credit card, you get a whopping 50% discount at VOX cinemas for all movie experiences. The offer is valid for a maximum of 4 tickets per month.
  • With this credit card, you can enjoy exclusive dining offers at all major restaurants across the UAE on a wide range of cuisine.  

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Rewards and Offers on RAKBANK World Credit Card

Lifestyle Rewards

In addition to the RAKBANK credit card offers mentioned above, the RAKBANK World credit card also provides the following lifestyle rewards:

  • Dining: Cardholders can experience RAKBANK credit card benefits firsthand via numerous dining discounts available all over the world. Customers can simply download the RAKBANK mobile app for Android or iOS to identify the partnered restaurants in their vicinity.
  • Hotel Stays: Owners of a RAKBANK credit card can earn one complimentary night stay at any SPG Hotels & Resorts location in Africa and the Middle East when they book two nights. On booking four nights, the cardholder will earn two free nights stay.
  • Luxury Shopping: The RAKBANK World credit card offers up to 60% discount on luxury shopping at the Bicester Village boutique in the UK.
  • Spa Treatments: Another one of the exciting RAKBANK credit card benefits is the discount on Raffles, Swissotel and Fairmont spas, which can be found in most parts of the world. The offer allows the cardholder access to a 90-minute treatment for the discounted price of a 60-minute treatment only.
  • MyUS Shopping: The MyUS organisation offers cost-saving shipping from US stores by collectively shipping all purchases made by a customer in one trip. RAKBANK credit card owners can shop at more than 100,000 stores in the USA and have the items shipped to them at extremely low costs. The RAKBANK credit card also offers a complimentary year-long premium membership, flat 25% discount on the first year’s shipping and insurance on the initial US$100 worth of products.

Travel Benefits

The RAKBANK World credit card benefits extend even further into the realm of travel, giving frequent travellers an extremely strong reason to opt for this card. The various travel benefits offered by the RAKBANK World credit card are as follows:

  • Lounge Access: This RAKBANK World credit card gives the primary cardholder and one accompanying guest access to 550+ airport lounges all over the world. The lounge access is provided through a partnership with LoungeKey. The full list of partnered lounge locations can be found on Loungekey.com.
  • Car Rentals: Customers can enjoy discounted rates on popular car rental services like Avis and Hertz. Owners of the RAKBANK World credit card receive up to 25% discount on Avis car rentals and up to 15% discount on Hertz car rentals. At Hertz car rental, RAKBANK credit card owners also get access to a complimentary car upgrade and expedited reservation and return processes.
  • Luxury Apartment Rentals: Owners of the RAKBANK World credit card will receive discounts of up to 10% on onefinestay properties, which include apartments in premier locations such as The Hamptons, the French Riviera, Edinburgh, and more. Cardholders will also receive up to 15% discount on luxury apartment rentals across the Asia Pacific region.
  • Pick-Up & Roadside Assistance: This RAKBANK credit card also offers a host of vehicle pickup and repair services. The services offered include roadside assistance, under which the cardholder can access towing, mechanical repair, battery boosting, flat tyre, lockout, and emergency refuel services. Also offered by the World RAKBANK credit card is are concierge services that perform car vehicle registration, vehicle servicing, and airport pickup and drop off services up to 6 times a year.
  • Flight Discounts: cleartrip.ae offers the RAKBANK World credit card owners a flat 10% discount on round trip international flights. The discount is valid for all airlines and can be availed easily by visiting the cleartrip.ae website.
  • Chauffeured Rides: One of the many RAKBANK credit card benefits includes discounted Careem rides. RAKBANK credit card holders can take their first Careem ride for free, capped at a maximum fare of AED 60. Cardholders will also get a 20% discount on three rides every month, capped at maximum fares of AED 25 each.
  • Travel Insurance: The World RAKBANK credit card provides the primary cardholder and their family members with complimentary travel insurance, which includes accident cover, travel inconvenience cover, medical cover and more. The coverage offered under travel insurance is as follows:
    • Travel & Medical Insurance
      Under the travel and medical cover, owners of the RAKBANK credit card will be protected against the following:
      • Personal Accident - Up to US$ 500,000
      • Medical Evacuation or Repatriation - Up to US$ 500,000
      • Emergency Medical - Up to US$ 500,000
      • Hospitalisation - Up to US$ 100 per day
    • Travel Inconvenience
      Cardholders will also be reimbursed for any travel interruptions such as:
      • Baggage Loss - Up to US$ 3,000
      • Baggage Delay - Up to US$ 300
      • Trip Cancellations - Up to US$ 7,500
      • Trip Delay - Up to US$ 300
      • Missed Connections - Up to US$ 300
  • Purchase Protection: Any new purchases made with the RAKBANK World 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 avail of the service for a maximum of US$ 8,000 per year. 

In addition to all the above-mentioned benefits of the RAKBANK World credit card, RAKBANK also provides cardholders with frequently updated offers and schemes to help maximise savings. The RAKBANK credit card offers range from dining and lifestyle spending to travel, health & wellness and a lot more. The full list of RAKBANK credit card offers is regularly updated on the RAKBANK site.

Eligibility Criteria for RAKBANK World Credit Card

RAKBANK credit card requirements are regularly updated at the discretion of the bank. Here are some of the most commonly noticed eligibility criteria for a RAKBANK credit card.

  • Age of Applicant: The applicant must be at least 21 years of age to apply for a RAKBANK credit card. Younger applicants over the age of 18 may be considered as joint applicants, depending on the specific RAKBANK credit card requirement.
  • Income: In addition to providing a valid source of income, applicants are expected to meet the RAKBANK credit card minimum salary requirement. The applicant’s minimum monthly salary is used to assess whether they will be able to make repayments without getting overleveraged. RAKBANK credit card minimum salary requirements are not made public and are likely to change as per the bank’s prerogative.
  • Credit History: One of the most important RAKBANK credit card requirements is the cardholder’s past payment record – aka the applicant’s credit history. UAE credit bureaus maintain a detailed record of all the loans, credit cards and credit based financial services availed by the customer to publish in the form of a credit report as per the bank’s request. Poor credit history may disqualify the applicant from obtaining a RAKBANK credit card.
  • UAE Residency: RAKBANK credit cards are typically offered only to UAE residents. Non-resident customers that are interested in a RAKBANK credit card will need to consult the RAKBANK customer care number for instructions on how to proceed. The RAKBANK customer care number is (04) 213-0000.
  • Employer Details: Applicants will be required to present valid details of an employer in UAE. Self-employed RAKBANK credit card applicants will also be asked to present their UAE trade license as proof of a legitimate business. 

Documents Required for RAKBANK World Credit Card

Applicants will need the following documents to complete their World RAKBANK credit card application:

  • Emirates ID: As the World RAKBANK credit card is offered to UAE residents, the applicant will be required to show their original and copy of the Emirates ID.
  • Visa/ Passport: Expatriates may also be asked to present their original and photocopy of a valid passport and UAE visa.
  • Income: In addition to providing details of a legitimate UAE employer, the applicant will also be asked to present their latest salary slips or banking statement. This is used to see if the applicant meets the RAKBANK credit card minimum salary requirement.
  • Address Proof: Proof of a valid UAE address can be shown in a variety of ways. The RAKBANK credit card applicant may present utility bills with their name clearly mentioned on it or submit a tenancy agreement, a title deed, etc.
  • Security Deposit: In return for access to the RAKBANK credit card limit, the applicant may have to submit a security deposit cheque. The security deposit amount is usually a bit higher than the requested credit limit and can be utilised by the bank at any point for recovering missed card payments.
  • Trade License: Self-employed applicants may also be required to display a trade license as proof of legitimate business.

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How to Apply for RAKBANK World Credit Card?

With modernised banking services, RAKBANK offers both online and offline channels to apply for a credit card. Using online banking, you can apply for the card from the comfort of your home. To apply for the World credit card, you can choose any of the following ways - 

  • Online Application - To apply online, the applicants need to visit RAKBANK’s official website and navigate to the credit card section. Subsequently, select the World credit card and hit the ‘Apply now’ button. Later, they need to enter their contact and personal details and submit the application form. Once the application is successfully submitted, the bank will approach you for the further application process.
  • Offline Application - For offline application, you need to visit RAKBANK’s nearest branch with all the requisite documents and fill the credit card application form under the banking personnel’s supervision. After the successful application, the bank will dispatch the credit card to your address. 
  • Application via Phone Call - To ease the application process, the bank also accepts applications through phone calls. All you need to do is to contact the bank on the prescribed contact number and provide your details. 

Fees & Charges on RAKBANK World Credit Card

On applying for a RAKBANK World credit card, the cardholder will be provided with a policy document that details all of the card’s fees, charges and associated terms and conditions. Some of the important parameters to keep in mind when applying for a RAKBANK World credit card are given below:

Type of Charges

Amount

Annual Fees for Primary Card

Free for 1st year, thereafter the card remains free subject to minimum spending of AED 50,000 in the previous year.

If the individual doesn’t meet the spending criteria, the bank charges AED 750 from the second year onwards.  

Annual Fees for Supplementary Card

First card is free

AED 200 for the additional credit card. 

Finance Charges on retail transactions

3.25% per month

Other Charges

Amount

Fees for Cash Advance

3% of cash withdrawn amount or AED 99 (whichever is greater)

Fees for card replacement

AED 75

Over limit Fee

AED 285

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 Fee for Credit Card Cheque

1% (Min AED 50 and Max AED 250)

Processing Fee for Smart Cash

AED 100

Processing Fee 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

E-statement Fees

Nil

Fees for Case Release

AED 525

Printed statement delivery charges

AED 5 per statement

The complete list of fees and charges for the World RAKBANK credit card can be found on RAKBANK’s website.

Other useful RAKBANK credit card tools include:

  • Digital Banking: The RAKBANK digital portal login uses the latest security standards to ensure safe access.
  • Mobile App: The digital banking portal can also be accessed via the RAKBANK credit card and mobile banking app, available for download on Android and iOS.
  • RAKBANK Savings Calculator: One of the most useful RAKBANK credit card tools is their savings calculator. The calculator can be used to accurately estimate how much the RAKBANK World credit card helps save in a year. The savings calculator can be found on the RAKBANK World credit card page itself.
  • RAKdirect: RAKBANK offers an automated voice response system by the name of RAKdirect. Cardholders can use RAKdirect to make RAKBANK credit card payments, to clarify queries, and much more. To access the RAKdirect services, simply dial 600-54-4049.

FAQs on RAKBANK World Credit Card

Q1: What is a RAKBANK supplementary card?

Ans: A supplementary RAKBANK credit card is a card provided to family members of the primary cardholder. It functions just like a regular RAKBANK World credit card and allows supplementary cardholders to access credit limits and avail of discounts and rewards. All supplementary RAKBANK credit cards share the same credit limit with the primary card.

The first supplementary World RAKBANK credit card is issued free. All additional cards are issued for a fee of AED 200 per card.

Note that supplementary RAKBANK credit cards also need to be activated and can be done so through the primary cardholder’s registered mobile number by following the steps mentioned on the RAKBANK site.

Q2: How much cashback can I earn with the RAKBANK World credit card?

Ans: The total cashback amount earned by using a World RAKBANK credit card is entirely dependent on how much the cardholder has spent during the month and on the category-wise and total monthly capped amounts. For a good estimate of how much cashback the World RAKBANK credit card offers, customers may refer to the cashback calculator available on the RAKBANK website.

Q3: How can I make RAKBANK World credit card repayments?

Ans: Convenience and customer satisfaction hold great importance for RAKBANK. As such, even the RAKBANK credit card payments can be made in an extensive variety of ways.

  • RAKBANK Branches: All RAKBANK credit card payments may be made at RAKBANK branches in the form of cheques or as cash.
  • ATMs & EDMs: RAKBANK also allows cardholders to make card payments through cheque deposit at any RAKBANK ATM or Electronic Deposit Machines (EDM).
  • Online Banking: An online banking portal lets cardholders make RAKBANK credit card payments within minutes.
  • RAKdirect: RAKBANK’s automated voice response system, known as RAKdirect can also be used to securely make RAKBANK credit card payments from anywhere in the world. To avail of the RAKdirect payment service, dial 600-54-4049.
  • Direct Debit: Also referred to as standing instructions, owners of a RAKBANK credit card can set up automatic monthly payments directly from their bank account by informing RAKBANK of the same in writing.
  • Exchange Houses: Finally, RAKBANK credit card repayments can also be made at exchange houses across UAE, which include all UAE Exchange, Al Ansari Exchange, Al Fardan Exchange, Redha Al Ansari Exchange, Lulu Exchange and Sharaf Exchange outlets.
Q4: How do I cancel my RAKBANK World credit card?

Ans: To cancel a RAKBANK credit card, the cardholder should follow these steps:

  • Clear the entire outstanding balance, fees and charges accrued on the RAKBANK credit card.
  • Submit a written request to RAKBANK for credit card closure.
  • Cut up all primary and supplementary RAKBANK credit cards in half and return them to the bank.
  • Request for a No Liability Certificate. This certificate is undeniable proof that the RAKBANK credit card charges have been settled in full. The certificate may be required while leaving the country and can be obtained from RAKBANK for AED 50.

Note that it may take up to 45 days or more for any security deposit amounts to be returned. During this time the bank will make sure there are no pending charges or payments scheduled on the RAKBANK credit card.

Q5: What do I do if my RAKBANK World credit card is stolen or misplaced?

Ans: If a RAKBANK credit card is lost or stolen, the cardholder should immediately inform both the bank and the police authorities. The World RAKBANK credit card can be replaced for a fee of AED 75.

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