RAKBANK World MasterCard Credit Card

  •   July 17, 2017


Your rate2.95%
Balance TransferYes
CashbackYes
Annual FeeAED 0
Min SalaryAED 35,000
FX Rate1.5%

 

MAIN BENEFITS

  • Get cashback on domestic and international spends
  • Cash advance of up to 80% of credit limit
  • Free supplementary credit cards with your MasterCard
  • Global Airport lounge access, hotel privileges and concierge services
  • Free purchase protection and travel accident insurance
  • Dining discounts at various outlets across the UAE

OVERVIEW OF FEATURES

  • You require a minimum salary of AED 35,000 per month to be eligible for this Card
  • There is an interest rate of 2.95% 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.
  • No Annual fee will be charged for the first year. The bank will charge an Annual Fee of AED 750 for subsequent years at its sole discretion and may waive the Annual Fee if minimum spend of AED 50,000 is achieved during each year.
  • Get up to 10% cashback on all travel, supermarkets and hotel booking transactions. Also get up to 50% cashback on cinema.
  • No miles program on this card
  • Get up to 5% back on international spends and 3% on domestic. Maximum cashback per month is AED 2,500 for International spends and AED 1,500 for domestic. Also get up to 10% cashback on all travel, supermarkets and hotel booking transaction and a 50% cashback on cinema purchases.
  • Various options are available for Balance Transfers. (0%-1.5% p.m.)


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