RAKBANK Review - Credit Cards
Credit: North Loop
Introduction -
RAKBANK is a retail and business bank in the UAE that offers a wide range of conventional, small business and commercial banking services through a network of thirty-nine branches and 293 ATMs. It has assets worth AED 34.5 billion and offers electronic banking solutions as wells such as digital and telephone banking. RAKBANK also provides Shariah-compliant personal and business banking services via its Islamic banking unit called RAKislamic.
Top RAKBANK credit cards -
Emirates Skywards World Elite Card -
You can apply for this card if you are a citizen or resident of the UAE.
The minimum monthly salary requirement for salaried applicants is AED 25000.
The annual fees for this RAKBANK credit card are AED 1499.
The annual fees for the supplementary credit card are AED 999 with silver tier membership and AED 200 without silver tier membership.
Air Arabia Platinum Credit Card -
The annual fee on this card can get waived from the second year onwards if the retail spend criteria of AED 20000 gets achieved in the previous year.
It offers up to 55 days interest-free credit.
This RAKBANK credit card offers purchase protection in case of theft or accidental damage.
You can get exclusive offers on electronics, jewellery, holidays, dining, furnishing and more.
You can get cash advance of up to 40% of your credit limit with this RAKBANK credit card.
Privileged discounts on dining and shopping are also available with this card.
HighFlyer Platinum credit card -
This RAKBANK credit card does not have an annual fee.
It offers low-interest rates of outstanding retail purchases.
You can get free travel accident insurance with this card.
A cash advance of up to 40% of your credit limit is available.
This card also offers purchase protection in case of theft or accidental damage.
The HighFlyer RAKBANK card also provides exclusive offers or electronics, jewellery, holidays, dining, furnishing and more.
You can also enjoy complimentary offers throughout the Middle East and Africa.
Unlimited access to lounges in UAE, KSA, Jordan, Kuwait, and Egypt are also available.
Ras Al Khaimah credit card -
This credit card does not have any charges.
You get up to 55 days interest-free credit with it.
Cash advance of up to 40% of your credit limit is also available with this card.
It even comes with purchase protection in case of theft or accidental damage.
Red Mastercard credit card -
You can enjoy a 30% discount at over 2000 restaurants using this RAKBANK credit card.
You get a 10% discount on the price of your booking at properties in over 200 countries and territories.
You also get a 20% discount around three times per month across the Middle East with this card.
RAKBANK Kalyan Jewellers Credit Card -
It offers a low-interest rate on outstanding retail purchases.
You get exclusive offers on electronics, jewellery, holidays, dining, furnishing and more.
It allows up to 55 days interest-free credit.
Unlimited complimentary access to over 10 VIP lounges in Dubai, Abu Dhabi, Cairo, Kuwait and Jordan airports is also available.
You also cash advance of up to 40$ of your credit limit with this card.
You can also enjoy 20% discount around three times per month across the Middle East using this RAKBANK credit card.
Titanium credit card -
No annual fee is applicable on this card.
Offers on electronics, holidays and dining are available.
Up to 55 days interest-free credit is available.
You get free purchase protection in case of theft or accidental damage.
Travel Accident Insurance is available with this card.
You also get cash advance of up to 40% of the credit limit.
The minimum monthly payment is 3%.
Buy 1 Get 1 offers throughout the Middle East and Africa across dining and cafes.
Complimentary access to VIP lounges in Dubai, Abu Dhabi, Cairo, Kuwait and Jordan are available with the Titanium credit card.
MasterCard credit card -
You get up to 1% cashback on all international retail purchase transactions including cash advances and internet transactions.
You get 1% cashback on total monthly domestic retail purchases subject to a minimum monthly retail spend of AED 1000 with the MasterCard credit card.
There is no annual fee applies.
Low-interest rates on outstanding retail purchases are available.
You can enjoy up to 55 days interest-free credit.
Cash advance of up to 40% of the credit limit is allowed.
Privileged discounts on dining and shopping are available.
It has a low minimum monthly payment of 3%.
You can apply for this card if you are a citizen or resident of the UAE.
The minimum monthly salary requirement for salaried applicants is AED 25000.
The annual fees for this RAKBANK credit card are AED 1499.
The annual fees for the supplementary credit card are AED 999 with silver tier membership and AED 200 without silver tier membership.
Air Arabia Platinum Credit Card -
The annual fee on this card can get waived from the second year onwards if the retail spend criteria of AED 20000 gets achieved in the previous year.
It offers up to 55 days interest-free credit.
This RAKBANK credit card offers purchase protection in case of theft or accidental damage.
You can get exclusive offers on electronics, jewellery, holidays, dining, furnishing and more.
You can get cash advance of up to 40% of your credit limit with this RAKBANK credit card.
Privileged discounts on dining and shopping are also available with this card.
HighFlyer Platinum credit card -
This RAKBANK credit card does not have an annual fee.
It offers low-interest rates of outstanding retail purchases.
You can get free travel accident insurance with this card.
A cash advance of up to 40% of your credit limit is available.
This card also offers purchase protection in case of theft or accidental damage.
The HighFlyer RAKBANK card also provides exclusive offers or electronics, jewellery, holidays, dining, furnishing and more.
You can also enjoy complimentary offers throughout the Middle East and Africa.
Unlimited access to lounges in UAE, KSA, Jordan, Kuwait, and Egypt are also available.
Ras Al Khaimah credit card -
This credit card does not have any charges.
You get up to 55 days interest-free credit with it.
Cash advance of up to 40% of your credit limit is also available with this card.
It even comes with purchase protection in case of theft or accidental damage.
Red Mastercard credit card -
You can enjoy a 30% discount at over 2000 restaurants using this RAKBANK credit card.
You get a 10% discount on the price of your booking at properties in over 200 countries and territories.
You also get a 20% discount around three times per month across the Middle East with this card.
RAKBANK Kalyan Jewellers Credit Card -
It offers a low-interest rate on outstanding retail purchases.
You get exclusive offers on electronics, jewellery, holidays, dining, furnishing and more.
It allows up to 55 days interest-free credit.
Unlimited complimentary access to over 10 VIP lounges in Dubai, Abu Dhabi, Cairo, Kuwait and Jordan airports is also available.
You also cash advance of up to 40$ of your credit limit with this card.
You can also enjoy 20% discount around three times per month across the Middle East using this RAKBANK credit card.
Titanium credit card -
No annual fee is applicable on this card.
Offers on electronics, holidays and dining are available.
Up to 55 days interest-free credit is available.
You get free purchase protection in case of theft or accidental damage.
Travel Accident Insurance is available with this card.
You also get cash advance of up to 40% of the credit limit.
The minimum monthly payment is 3%.
Buy 1 Get 1 offers throughout the Middle East and Africa across dining and cafes.
Complimentary access to VIP lounges in Dubai, Abu Dhabi, Cairo, Kuwait and Jordan are available with the Titanium credit card.
MasterCard credit card -
You get up to 1% cashback on all international retail purchase transactions including cash advances and internet transactions.
You get 1% cashback on total monthly domestic retail purchases subject to a minimum monthly retail spend of AED 1000 with the MasterCard credit card.
There is no annual fee applies.
Low-interest rates on outstanding retail purchases are available.
You can enjoy up to 55 days interest-free credit.
Cash advance of up to 40% of the credit limit is allowed.
Privileged discounts on dining and shopping are available.
It has a low minimum monthly payment of 3%.
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Conclusion -
RAKBANK may be a popular name in the banking industry in the UAE, but the customer feedback for most of its services is quite negative. Many users have complained about their banking app, false credit card claims and benefits, as well as the poor customer care support system.
If you wish to open an online bank account and enjoy digital banking services from anywhere in the UAE, you can do so with North Loop. We offer a wide range of financial products and services with a quick application process. Our customer support system is also available 24*7 to ensure you have a seamless banking experience.
To sign up with us, click here.
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