RAKBANK My Ras Al Khaimah Visa Platinum Credit Card

RAKBANK offers a free for life My Ras Al Khaimah Visa Platinum Credit Card which gives the cardholders an advantage of great benefits, savings and more. This RAKBANK Credit Card offers them RAKrewards on all their spendings. They can also enjoy privileges and discounts on shopping, traveling, entertainment and more. Some of the benefits this card includes are balance transfers at a low cost, an interest-free period for up to 55 days, easy payment plan and more. 

Features of My Ras Al Khaimah Visa Platinum 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 retail transactions.
• Supplementary Card: The Ras Al Khaimah Visa Platinum 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.

Benefits of My Ras Al Khaimah Visa Platinum Credit Card

This RAK credit card offers a variety of benefits to the cardholders. Some of these are as follows:

1. Movie Benefits

• My Ras Al Khaimah Visa Platinum credit card offers a 50% off on movie tickets at Vox Cinemas. The cardholder can use the card to avail this RAKBANK Credit Card movie offer online through the Vox cinemas official website and select the Visa offer. They can buy at most 4 tickets on discount per transaction, and a total of 10 tickets in a month. Apart from this, the cardholders can also earn 50 RAKrewards on payment of AED 1 at movies only when their retail spend is at least AED 5000 per month.

2. Travel Benefits

• The cardholders can save up to 12% on Hotel Bookings using Agoda. Visit the official website of Agoda to avail the offer
• The card members receive a specialist airport meet and greet service in partnership with YQ at 450+ destinations throughout the world at a discount of up to 15% on retail rates.
• This RAKBANK credit card offers unparalleled benefits on booking of trips with Visa Luxury Hotel Collection.
• The cardholders can avail a discount of up to 10% on international leisure rates and 20% on standard rates with Avis Car Rental.
• Use ‘DINE & FLY’ app on your smartphone to avail dining offers with DragonPass.
• In case of stolen or lost card, card reporting and card replacement on an emergency while traveling, the cardholder can avail premium customer service and support through GCAS.

Top Reasons to Get My Ras Al Khaimah Platinum 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 My Ras Al Khaimah Platinum Credit Card:

1. Reward Points

This RAKBANK credit card offers reward points (in the form of RAKrewards) and cashback against eligible purchases that can be redeemed for booking hotels and air tickets, securing gift vouchers and other amazing deals.

2. Benefits

My Ras Al Khaimah Platinum Credit Card offers a variety of benefits to its cardholders which include dining benefits, insurance benefits, lifestyle benefits, travel benefits, and movie benefits.

3. 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 doubts and queries efficiently (if any).

4. Free for Life

This Ras Al Khaimah Platinum 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 My Ras Al Khaimah Platinum Credit Card

My Ras Al Khaimah Platinum Credit Card charges very low fees and interests from its cardholders. The fees and charges are as follows:

(These charges will be applicable w.e.f. 27-02-2019)

My Ras Al Khaimah Visa Platinum Credit Card Rewards

This RAKBANK Credit Card offers its cardholders rewards on the purchases they make. Some of these rewards are-

1. Standard RAKrewards

• On a total monthly spend of up to AED 14,999, the cardholders can earn RAKrewards of 1.25 for every AED 1 spent locally and 2.50 for every AED 1 spent internationally.
• When the total monthly spend is AED 15,000 and more, then the cardholders can earn RAKrewards of 2.50 for each AED 1 spent locally and 3.75 for each AED 1 spent internationally.
• The maximum cap is 166,667.
• With effect from January 1^st, 2018, all the spending done in the category of Utility Payments and Government Services is entitled to earn RAKrewards of 0.35 for each AED 1 spent.
• With effect from August 2^nd, 2018, all the spending done in the category of Real Estate, Bill Payments, Transport, and Car Rentals is entitled to earn RAKrewards of 0.35 for each AED 1 spent.
• The cardholder can earn Standard RAKrewards of 333,334 at most monthly on their domestic as well as international spends.

2. Triple RAKrewards on Expenses on Fuel

• On a total monthly spend of up to AED 14,999, the cardholders can earn RAKrewards of 3.75 for every AED 1 spent on fuel.
• When the total monthly spend is AED 15,000 and more, then the cardholders can earn RAKrewards of 7.50 for every AED 1 spent on fuel.
• The cardholder can earn RAKrewards of 14,000 at most on fuel expenses.

3. RAKrewards over Movies

• On a total monthly spend of AED 5,000 and more, the cardholders can earn RAKrewards of 50 for each AED 1 spent on movie tickets.
• The cardholder can earn RAKrewards of 10,000 at most on movie spends.

4. Other Rewards

• If the cardholders are able to spend 10,000 AED and above in a quarter on Ras Al Khaimah Platinum Credit Card, they get an opportunity to win RAKrewards of 500,000.
• 25 winners in each quarter receive multiple opportunities of winning the grand draw.
• The cardholders can benefit from RAKrewards partnerships by earning and redeeming their rewards. Some of the available redemption choices for the cardholders are-
• More than 300,000 hotels, 300+ airlines and other travel experiences
• Vouchers for desert safari, dining, boating adventure, renting a car, Marhaba service
• Variety of home appliances, electronics and more. 

How to Redeem the Reward Points on My Ras Al Khaimah Visa Platinum Credit Card?

The cardholders can redeem their RAKrewards instantly anytime and anywhere online.  They simply need to login into their RAKrewards account in order to redeem their points. They can redeem these points to use for the following choices:

• More than 300 airlines and 2000 destinations.
• Relaxing stays at more than 300,000 hotels and apartments throughout the world.
• Shopping for books, electronics, home furnishing, and products.

Documentation Required for RAKBANK Ras Al Khaimah Visa Platinum Credit Card

For RAKBANK Credit Card Application, the applicant requires the following documents-

• The applicants have to provide bank statements for the previous 3 months.
• Salaried people are required to present a recent pay-slip.
• The applicants who are self-employed have to present a valid proof for income.
• They also have to submit a valid residence proof.
• The applicants need to submit a copy of the current credit card along with a recent statement (if any).
• They also need to present a copy of their passport along with a copy of their Visa if they are an Expatriate.
• Lastly, the applicants who are UAE Nationals, they need to provide a valid Emirates ID.