Cash Back credit cards lets the credit card holders receive a percentage of the amount spent on the credit card. The credit card company pays the cardholder a small percentage of their net expenditures. The cash back option provide the cardholder with the opportunity to take the cash or redeem the cash back points for purchases, travel(air miles) or gift cards. Different purchases will earn you different cash back points. One might earn a higher percentage of cash back points on gas purchase than grocery purchases.How it works?
Every time you make a purchase on your cash back credit card you get cash back depending on the rate on your credit card. The cash back awarded depends on the kind of purchase made. The credit card provider either pays the cardholder every month or annually. Some credit card companies offer you the option of trading in the cash back points for rewards like, discount on restaurants, lifestyle products, air tickets and other products.
Cash Back credit cards in UAE
Most of the companies in UAE offer cash back credit cards. The benefits offered by the cash back credit cards differ from each bank. Listed below are some of the famous cash back credit cards of UAE.
ADIB Cashback Cards
ADIB Cashback Cards are credit cards by ADIB that offers cash back rewards for purchases made on the credit card. It offers three types of cashback credit cards. All the three credit cards offer 1% cashback on everyday purchases made on the credit card. The types of Cashback credit cards offered by ADIB are listed below.
- ADIB Cashback Classic card
- ADIB Cashback Gold card
- ADIB Cashback Platinum card
- 1% cashback anytime and anywhere.
- 100% cash withdrawal limit.
- Four free supplementary cards.
- Free access to airport lounges in Abu Dhabi and Dubai (Gold and Platinum cards)
Standard Chartered Titanium Mastercard
Standard Chartered Titanium Mastercard is a cashback credit card that offers 10% cash back in various categories.Listed below are the categories where you can earn cash back with Standard Chartered Titanium Mastercard.
- 10% cashback on supermarket purchases.
- 10% cashback on utility payments.
- 10% cashback on school fees.
- 10% cashback on supermarket purchases, utility payments, school fees.
- 50% discount on movie tickets when purchased with the card.
- Unlimited access to airport lounges.
- Discounts up to 50% on dining, travel and entertainment.
ADCB Classic Credit Card
ADCB Classic Credit Card comes with no annual fee whatsoever. The credit card offers weekend movie cashback and weekend entertainment cashback. One can avail up to 50% cashback with the card for movies tickets and entertainment venues for weekends(thursday to sunday).Features:
- Touch point rewards against purchases.
- Weekend movie and entertainment cashback.
- No annual fee on the card.
- 0% installment payment plan from selected merchants and balance transfer facility.
Rakbank MasterCard Credit Card
Rakbank MasterCard Credit Card offers cashback for the purchases made on the card. The card offers 5% cashback on international transactions too including cash advances and internet transactions. Features:
- Cash advance of up to 50% of credit limit.
- 5% cash back on international transactions.
- Free purchase protection.
- 20% discount at various dining outlets in UAE.
- Free supplementary credit cards.