RAKBANK Kalyan Jewellers Credit Card
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- Shopping Benefits
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Best credit cards with 0 Annual fee*
- Cashback up to AED 2,000
- Rewards + Welcome Offers
- No Annual Fee
- Travel benefits
- Dining Discounts
- Entertainment Benefits
RAKBANK in partnership with India-based Kalyan Jewellers, provides a new co-branded credit card that offers goldback to the cardholders on all purchases done both internationally and locally. The loyalty points earned on this RAKBANK credit card can be redeemed in the form of jewellery at any of the 9 outlets of Kalyan Jewellers in the UAE.
Features of RAKBANK Kalyan Jewellers Credit Card
- No Annual Fee: This RAKBANK credit card does not charge an annual fee, that is, this credit card is free for life.
- Finance Charges: This RAK credit card offers low finance charges of 3.45% on cash advance and outstanding retail transactions.
- Supplementary Card: The RAKBANK Kalyan Jewellers Credit Card also provides supplementary cards free of cost.
- Interest Free Credit: This RAKBANK Credit Card benefits its member with an interest-free credit for up to 55 days.
- Cash Advance:The cardholders can avail a cash advance of up to 80% of their credit limit.
- Minimum Payment: It is necessary to make minimum payments on the credit card, otherwise, a late payment fee is levied on the cardholder. This RAKBANK credit card offers a low minimum payment of just 3% monthly.
- Money Transfer: The cardholders can use RAK Money Transfer service to send money through digital banking from wherever they are. They can also send money from any branch of the bank. The money can be sent to India, Philippines, Pakistan, Sri Lanka, Europe, Nepal and many other parts of the world using RAK Money Transfer.
- Credit Card Bills: The cardholders can pay their credit card bills at any RAKBANK EDM or ATM. The bill can also be paid at one of these exchange houses- Redha Al Ansari Exchange, UAE Exchange, Al Ansari Exchange, Al Fardan Exchange, Sharaf Exchange or Lulu Exchange.
- Discounts: The cardholders also receive many privileged discounts on shopping and dining.
Benefits of RAKBANK Kalyan Jewellers Credit Card
This RAK credit card offers a variety of benefits to the cardholders. Some of these are as follows:
1. Exclusive Offers
- This RAKBANK Credit Card offers exclusive offers on jewellery, dining, electronics, holidays, furnishing and more.
- The cardholders receive a variety of Buy one Get one offers throughout Africa and the Middle East across cafes, dining, attractions and entertainments through the Mastercard For You App.
- The cardholders can get a discount of 20% on three Careem rides (monthly) by downloading the Careem App and registering as the new customer. The first ride after registration is free. To avail this new customer offer, the cardholder can enter the MC1RIDE as promo code and to avail 20% subsequently, they can enter MASTERCARD as promocode.
2. Interest-free Easy Payment Plan (EPP) on Gold and Diamond Jewellery
- The cardholder can enjoy an interest-free Easy Payment Plan (EPP) for three or six months on gold shopping and interest-free Easy Payment Plan (EPP) for six or twelve months on diamond shopping worth 1000 AED or more at the outlets of Kalyan Jewellers in the UAE.
3. Lifestyle and Dining Benefits
- The card members can avail an exclusive and diverse range of privileges and benefits at exciting outlets in the UAE. Some of these can be Getaways, Fashion, Entertainment, Jewelry and Watches, Fitness and Spa and Books & Departmental Stores.
- This RAKBANK credit card also offers RAKfeast to the cardholders which is an exclusive discount programme on dining. They can use their card to pay for beverages and meals at various partner restaurants and avail great discounts.
4. Insurance Benefits
- The cardholders receive complimentary protection through Travel Accident Insurance for emergency medical repatriation and evacuation, personal accident insurance, regular in-hospital cash benefit, and emergency medical expenses.
- This RAKBANK Credit Card also provides purchase protection to the cardholders which include coverage against theft and damage for things that are purchased using the card.
- The cardholders can also avail credit shield insurance.
5. Travel Benefits
- This RAKBANK credit card offers exclusive global privileges and discounts on premium hotels and brands to the cardholders.
- The cardholders also get a complimentary unlimited access to around 10+ VIP lounges in Abu Dhabi, Kuwait, Dubai, Jordan and Cairo airports.
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Eligibility Criteria for RAKBANK Kalyan Jewellers Credit Card
The applicants must have a minimum income of 5,000 AED per month in order to be eligible for buying this RAKBANK Credit Card.
Top Reasons to Get RAKBANK Kalyan Jewellers Credit Card
This RAK credit card offers a plethora of benefits and offers to the cardholders which makes it a good choice for the applicants. Following are the reasons why to choose RAKBANK Kalyan Jewellers Credit Card:
- Loyalty Points: This RAKBANK credit card offers loyalty points (in the form of Goldback) against eligible purchases that can be redeemed at a Kalyan Jewellers outlet in the UAE.
- Benefits: RAKBANK Kalyan Jewellers Credit Card offers a variety of benefits to its cardholders which include dining benefits, insurance benefits, lifestyle benefits, travel benefits, and more.
- Customer Service: RAKBANK provides 24*7 customer care service by giving the credit cardholders access to their services and support anytime they need. The friendly customer care agents support and guide the card members in an informative manner, resolving their queries and doubts efficiently (if any).
- Free for Life: This RAKBANK Kalyan Jewellers Credit Card charges no annual fee from the cardholders making it free for life. There is no fee charged on supplementary cards as well.
Fees and Charges on RAKBANK Kalyan Jewellers Credit Card
RAKBANK Kalyan Jewellers Credit Card charges very low fees and interests from its cardholders. The fees and charges are as follows:
| Fees | Amount |
|---|---|
| Annual Fees | NA |
| Annual Fees on Supplementary Cards | NA |
| Retail Transaction Fee (monthly) | 3.45 percent |
| Balance Transfer (monthly) | 1.50 percent |
| Credit Card Cheques (monthly) | 2.25 percent |
| Cash Advances (monthly) | 3.45 percent |
| Smart Cash (monthly) | 2 percent |
| Cash Advance Charge | 3% or 99 AED (whichever is higher) |
| Card Replacement Charge | 75 AED |
| Over-limit Charge | 275 AED |
| Late Payment Charge | 230 AED |
| Duplicate Statement Charge | 45 AED (per statement) |
| Returned Cheque Charge | 100 AED |
| Sales Voucher Copy Charge | 65 AED |
| International Courier Fees | 100 AED |
| Credit Card Cheque Processing Charge | 1%, minimum AED 50 and maximum AED 250 |
| Smart Cash Processing Charge | 100 AED |
| Processing Fee for EPP with participating merchants | 3 months- 49 AED6 months- 49 AED9 months- 1.5%12 months- 2% |
| Cancellation Fee | 249 AED |
| International Transaction Charge for Purchase | In non-AED currency: 2% on the transaction amountIn AED currency: 2.5% on transaction amount |
| Credit Shield Insurance | 0.99 percent |
| Payment through Exchange House Charge | 3 AED (each transaction) |
| International Remittance Charge | 75 AED |
(These charges will be applicable w.e.f. 27-02-2019)
RAKBANK Kalyan Jewellers Credit Card Rewards
This RAK credit card offers Goldback as reward points to the cardholders on all their spending. The rewards offered by this credit card are-
- The cardholders can earn Goldback up to 7% on all the spends done internationally.
| Monthly Spend Categories | Non-Kalyan Jewellers Goldback(International Spends) | Additional Goldback(Kalyan Jewellers India) |
|---|---|---|
| Up to 14,999.99 AED | 3 percent | 2 percent |
| 15,000-29,999.99 AED | 4 percent | 2 percent |
| 30,000 AED and above | 5 percent | 2 percent |
| Monthly Spends (Minimum) | NA | NA |
| Monthly Goldback (Maximum) | 2000 AED | NA |
The cardholders can also earn Goldback up to 5% on cash advances outside UAE and online transactions.
- The cardholders can earn Goldback up to 4.5% on all the spends done locally.
| Monthly Spend Categories | Non-Kalyan Jewellers Goldback(International Spends) | Additional Goldback(Kalyan Jewellers India) |
|---|---|---|
| Up to 14,999.99 AED | 1 percent | 1.5 percent |
| 15,000-29,999.99 AED | 2 percent | 1.5 percent |
| 30,000 AED and above | 3 percent | 1.5 percent |
| Monthly Spends (Minimum) | NA | NA |
| Monthly Goldback (Maximum) | 1200 AED | NA |
How to Redeem the Reward Points on RAKBANK Kalyan Jewellers Credit Card?
- The cardholder can redeem their Goldback that they have earned against the purchases they have made at the outlets of Kalyan Jewellers in the UAE within fifteen months.
- The cardholders need to carry their RAKBANK Kalyan Jewellers credit card while they visit the Kalyan Jewellers showroom for redemption.
How does it Work?
The applicants who seek to obtain RAKBANK Kalyan Jewellers Credit Card can apply online or through call or by visiting any of our branches.
- Online Application: In this digital age, applying for a credit card online is the most convenient way of obtaining a credit card. RAKBANK offers its applicants a secure and user-friendly online banking platform to the applicants so that they can easily evaluate and select a convenient RAKBANK Credit Card. The application form is available on the website of the bank.
- Branch Application: The applicants who do not want to apply for the credit card online, can visit the nearby branch of RAKBANK and apply directly for this RAKBANK Kalyan Jewellers Credit Card.
- Phone Banking: The applicants can also use the phone banking option to connect with the bank and apply for this RAK credit card.
MasterCard For You Application
The cardholders can access a variety of benefits and offers using the ‘MasterCard For You’ app on their smartphones. This app helps them to know how they can utilize their cards to its optimum potential. After registering on the app, they simply need to choose the kind of MasterCard they have and begin exploring the various benefits offered to them.
This app can be used to redeem offers, claim insurance covers and access benefits. Use this MasterCard For You app for exploring the following:
- Buy one Get one offers in the selected locations
- A variety of insurance, lifestyle and travel benefits
- Shopping privileges online
- Protection policy on the card
The cardholders can download this app from the App Store and Google Play Store.
| Other RAKBANK Credit Card | |
|---|---|
Frequently Asked Questions Related to RAKBANK Kalyan Jewellers Credit Card
Q1: Does the Goldback earned expire?
Ans: Yes. The Goldback you have earned is valid for a time of 15 months starting from the date of accrual.
Q2: On which transactions will I earn Goldback on my RAKBANK Kalyan Jewellers Credit Card?
Ans: You can earn Goldback on all POS retail transactions, international cash advance, and online transactions done using this RAKBANK credit card. You can also earn Goldback on purchases done from the Kalyan Jewellers showroom in India and the UAE using the RAKBANK Kalyan Jewellers Credit Card.
Q3: Who can I contact for inquiring about the Goldback earned?
Ans: You can send an SMS on *2737* in the format of ‘KAL <Loyalty Number>’. This loyalty number is a nine digit number that is printed on your credit card. You will also receive a monthly statement in detail on your registered e-mail ID regarding the Goldback redeemed, accrued and adjusted (if any).
Q4: How much time will it take for the Goldback earned on my RAKBANK credit card to be added to my Goldback balance?
Ans: The Goldback earned on your credit card will take 2 working days to be added to your Goldback balance.
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