RAKBANK Red Credit Card
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Earn up to 1.5% Cashback on all you buy with RAKBANK RED Mastercard Credit Card
Main Benefit: No Annual Fees, 1.5% Discount on local and International transactions
Point to Consider: Foreign exchange fees on abroad purchase
Main Features:
Up to 1.5% discount on all retail spends
Discounts on your Spend:
| Spend | Discount |
| AED 1,000 – AED 2,999 | 1% |
| AED 3,000 & above | 1.5% |
Max. discount Cap of AED 300 per month or 1.5% of Card limit, whichever is lower.
*Effective 14th April 2020, all spends under the category of Government Services and Utility Payments will earn 0.25% discount for every AED 1 spent.
Financial Features:
Annual Fees: Nil
Minimum Salary Requirement: AED 5,000
Retail Interest Rate: 3.45% will be charged on the outstanding amount on monthly basis after 55 days interest free period
Foreign Currency Transactions Rate:
Balance Transfer Fees: Yes, available
Repayment Period: 25 Days from statement date
Purchase Protection: Purchase protection and credit shield available
Other Financial Features:
Travel Benefits:
Airport Lounge Access: No
Travel Insurance: Complimentary Travel Accident Insurance
Meet & Greet Service: No
Leisure and Entertainment benefits:
Movie Tickets: No
Dining Privileges: Enjoy up to 30% Discount at over 2,000 restaurants and buy one & get one offers with RAKfoodie using your RAKBANK Cards
Golf Benefits: No
All info mentioned can change at any point in time as per the discretion of the bank. The Bank will determine eligibility. All info above is subject to change.
