RAKBANK World Credit Card
- Airport Lounge
- Shopping Benefits
- Fuel benefits
- Movie Discounts
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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 World Credit Card is certainly one of the top choices if you’re a frequent traveller! Providing exclusive experiences, this premium card brings you superior benefits such as global concierge services, travel insurance, and luxury lifestyle perks. With many more such benefits, it’s indeed a gateway to exceptional cashback rewards and global acceptance.
Keep on reading for more details about this RAKBANK credit card.
RAKBANK World Credit Card Benefits and Features
Here are the top RAKBANK World credit card benefits and features —
- Incredible 10% cashback on spends related to travel, including domestic and international flight and hotel bookings
- Up to 10% cashback on supermarket spending across the globe
- Up to 5% cashback on all international spends
- Up to 3% cashback on all domestic spends
- 50% discount on VOX Cinemas
- Secure Wallet feature — worldwide coverage of up to AED 10,000 in case of lost or stolen card
- Complimentary access to over 120 airport lounges across 450 cities in 135 countries
- Free access to Global Blue City VIP lounges to ensure tax-free shopping
Know Your Eligibility for RAKBANK World Mastercard Credit Card
Check out the eligibility criteria for getting a RAK BANK World credit card —
| Eligibility Type | Requirements |
|---|---|
| Minimum Age | 21 Years |
| Minimum Salary | AED 20,000 |
| Residency | UAE Resident or Citizen |
RAK BANK World Master Card: Documents Checklist
To apply for the RAKBANK World credit card, keep the following documents ready along with the application form —
| For Salaried Individuals | For Self-Employed Individuals |
|---|---|
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RAKBANK World Credit Card: Easily Apply with Policybazaar UAE
Policybazaar.ae simplifies your card application process by getting you connected with bank officials and assisting whenever you need it. All you need to do is fill out the lead form and choose your preferred card.
You can directly access the form here.
Here’s why you should get a credit card in UAE through our platform —
- We have tie-ups with top financial institutions across the UAE
- Over 80+ credit cards are available on our site
- Our customer care team is ready to assist you 24/7
- The website’s user interface is designed to make the application process easy for you
- Apply for a credit card within minutes without any hassle
RAK BANK World Master Card: Fees and Charges
| Type of Fee | Charges |
|---|---|
| Annual Fee | Free for the First Year AED 750 from the second year* |
| Overlimit Fee | AED 285 |
| Cash Advance Fee | 3.15% or AED 100 (whichever is higher) |
| Card Replacement Fee | AED 75 |
| Late Payment Fee | AED 230 |
| Liability/ No Liability Letter | AED 50 |
| Printed Statement Delivery Fee | NIL |
| E-Statement Fee | NIL |
| Case Release Charge | AED 525 |
| Rescheduling Fees | Up to 1% of the card outstanding |
| Duplicate Statement Fee (before the last statement) | AED 45 for each statement |
| Returned Cheque Fee | AED 100 |
| Fee for issuance of Managers Cheque for refund of excess balance on Card | AED 25 |
| Fate Inquiry of International Remittance | AED 50 |
| International Remittance Fee | AED 75 |
| Sales Voucher Copy Fee | AED 65 |
| International Courier Charges | AED 100 |
| Payment through Exchange House Fee | AED 3 (per transaction) |
| Credit Shield Insurance (on monthly statement balance) | 0.99% |
| International Transaction Fee for Purchase | 2.2% of the transaction amount (in non-AED currency) 1.35% of the transaction amount (in AED currency) |
| Early Settlement/ Cancellation Fee for BT/ CCC/ SC/ All EPP Plans (current month interest will be charged) | AED 249 |
| Processing fee for Easy Payment Plan (EPP) at participating merchants | 3 months - AED 49 6 months - AED 49 9 months - 1.5% 12 months - 2% |
| Smart Cash (SC) Processing Fee | AED 100 |
| Credit Card Cheque (CCC) Processing Fee | 1% (Min 50, Max 250) |
*waived if your annual spends are AED 50,000 or more
Jump onto the next section to get answers to the most frequently asked questions about the RAKBANK World Mastercard credit card in the UAE!
FAQs on RAKBANK World Credit Card
Ans: Yes, the bank charges an amount of AED 230.
Ans: You can email us at communication@policybazaar.ae or dial 042472904.
Ans: You can apply for the card if you have a salary of AED 20,000 and above.
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