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RAKBANK – RED MasterCard Credit Card |
| Min. Salary | 5,000 AED |
| Rate | 3.19% |
| Annual Fee | 0 AED |
| Cashback | No |
| Balance transfer | Yes |
| FX Rate | 1.5% |
MAIN BENEFITS
- Get up to 2% discount on both local and international transactions, when you spend AED 1,000 or more on your card in a month. Max discount cap of AED 300 per month or 2% of card limit, whichever is lower
- Tap & Pay with MasterCard® contactless
- Facilities such as credit shield, purchase protection and travel accident Insurance
- Dining offers and privileges with RAKfeast dining discount program
- Get a chance to enter a draw to win prizeswhen you use your credit card. Draws take place every two months
- Free international remittance to India every month through RAKMoneyTransfer
CARD TYPES
• Dining Privileges
OVERVIEW OF FEATURES
- There is no annual fee on this Card.
- There is an interest rate of 3.19% per month on unpaid balance.
- No cashback is rewarded for this card
- Various options are available for Balance Transfers. (0%-1.5% p.m.)
- The foreign currency rate applicable on overseas transactions is 1.5%. This fee is charged in addition to the standard processing fee charged by MasterCard Worldwide and is applicable to transactions performed in any currency other than UAE Dirhams.
- You require a minimum salary of 5000 AED per month to be eligible for this Card