RAKBANK MasterCard is a unique offering in this segment which in addition to attractive rewards gives its holders a chance to win 1 million AED every year. Frequency of use gives you a better chance to win.
Features and benefits of RAKBANK MasterCard Credit Card
Cashback on every purchase: From cash advances, to internet transaction and retail customers can gain up to 5% cashbacks on international purchases made at retail outlets. Up to 1% cashback can be availed on total monthly domestic retail purchases up to AED 1,000.
Luckydraw for holders: RAKBANK Mastercard holders can get a chance to be a millionaire! They can take part in a lucky draw and get a chance to win up to AED 1,000,000 every year.
Interest free credit: RAKBANK MasterCard holders can enjoy up to 55 days interest free credit.
Free Purchase Protection: Free purchase protection, is offered to RAKBANK MasterCard holders.
Free Travel Accident Insurance: Cardholders also enjoy free travel accident insurance.
Higher cash limit: Cardholders can withdraw cash advance of up to 80% of credit limit.
Privileged discounts on dining andshopping: Cardholders can benefit from dining offers from RAKfeast. Swipe your card at eateries and enjoy discounts on the fare.
Free Supplementary Credit Cards: Cardholders can gain from up to 9 free supplementary cards for their relatives.
Fees and charges of RAKBANK MasterCard Credit Card
RAKBANK Mastercard is absolutely free for life, the cardholders do not have to pay any annual or renewal fees. The cardholders also can resolve the outstanding by making a minimum payment of 3%. RAKBANK MasterCard also allows balance transfers at 1.50% p.m. They also enjoy 55 days of interest-free credit.
Eligibility Criteria and Documents Required for RAKBANK MasterCard Credit Card
Anyone who is over 21 years old, earning a salary and resident of any of the emirates within the UAE can apply for an RAKBANK MasterCard. They need to be a RAKBANK Current Salary Account or a RAKBANK Fixed Deposit holder (Terms & Conditions apply).
In addition, RAKBANK requires MasterCard 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