RAKBANK RED MasterCard Credit Card

  •   July 17, 2017


Your rate3.19%
Balance TransferYes
CashbackNo
Annual FeeAED 0
Min SalaryAED 5,000
FX Rate1.5%

 

MAIN BENEFITS

  • Get up to 2% discount on both local and international transactions, when you spend AED 1,000 or more on your card in a month. Max discount cap of AED 300 per month or 2% of card limit, whichever is lower
  • Tap & Pay with MasterCard® contactless
  • Facilities such as credit shield, purchase protection and travel accident Insurance
  • Dining offers and privileges with RAKfeast dining discount program
  • Get a chance to enter a draw to win prizeswhen you use your credit card. Draws take place every two months
  • Free international remittance to India every month through RAKMoneyTransfer

OVERVIEW OF FEATURES

  • You require a minimum salary of AED 5,000 per month to be eligible for this Card
  • There is an interest rate of 3.19% per month on unpaid balance.
  • The foreign currency rate applicable on overseas transactions is 1.5%. This fee is charged in addition to the standard processing fee charged by MasterCard Worldwide and is applicable to transactions performed in any currency other than UAE Dirhams.
  • There is no annual fee on this Card
  • Upto 2% discount on all retail spends
  • No miles program on this card
  • No cashback is rewarded for this card
  • Various options are available for Balance Transfers. (0%-1.5% p.m.)


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