Now customers can earn cashbacks in gold, or goldbacks, with RAKBANK- Kalyan Jewellers co-branded credit card on their purchases. This is a MasterCard credit card which offers goldback loyalty points on their domestic, as well as international purchases.
While purchases at Kalyan Jewellery’s Indian outlets earn 7% – purchases at their UAE shops earn 4.5 %. As much as 3% goldback. This is the first card to offer redemption in gold.
Features and benefits of RAKBANK Kalyan Jewllers Credit Card:
Gala Goldback Scheme: Customers can gain goldbacks, loyalty points that can be redeemed at any of the nine Kalyan Jewellers outlets located in UAE.
Easy instalment Plan: A zero per cent easy payment plan on diamond and gold jewellery purchases valued at AED 1,000 and higher can be availed at Kalyan Jeweller stores.
Balance Transfer facility: RAKBANK- Kalyan Jewellers co-branded credit cardholders can avail balance transfer facility on their cards at reasonable interest rates.
Credit Card Cheque: RAKBANK- Kalyan Jewellers co-branded credit cardholders can pay by credit card cheques at outlets which don’t accept card.
Luckydraw: RAKBANK- Kalyan Jewellers co-branded credit card can take part in a lucky draw and get a chance to win AED 1 million dirham draw conducted annually.
Dining and lifestyle privileges: Subscribers of RAKBANK- Kalyan Jewellers co-branded credit card can avail RAKfeast dining privileges, lifestyle privileges and Dream It Live It program.
Free Travel Accident Insurance: Cardholders also enjoy free travel accident insurance.
Fees and charges of RAKBANK Kalyan Jewllers Credit Card:
RAKBANK Kalyan Jewellers credit card has no annual fees. A customer may avail goldbacks up to AED 2000 per month on their spends. Goldbacks are valid for 15 months from accrual. Other fees and charges may apply.
Eligibility Criteria and Documents Required for RAKBANK Kalyan Jewllers Credit Card:
Anyone over 21 years old and earning over AED 5,000/- p.m can apply for a RAKBANK - Kalyan Jewellers co-branded credit card. They need to be a RAKBANK Current Salary Account or a RAKBANK Fixed Deposit holder (Terms & Conditions apply).
In addition, RAKBANK requires a credit card applicant to submit the following documents:
- Copy of your valid passport
- Copy of your current salary certificate
- Expatriates need to submit a copy of valid residency visa