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We cannot predict what life has in store for us but we can prepare for it and soften the impact. That is why RAKBANK is pleased to inform you that as a RAKBANK Credit Cardholder you have been automatically enrolled for the most comprehensive Credit Shield Protection Cover (‘Credit Shield’).

Credit Shield is an invaluable protection benefit that covers your Credit Card outstanding balance. Should unforeseen circumstances such as death, critical illness or even involuntary loss of your employment prevent you from meeting your Credit Card dues, you have the peace of mind of knowing that you and your family will not be unnecessarily burdened.

The outstanding balance on your RAKBANK Credit Card will be covered by Credit Shield in the event of:

Critical Illness (CI) Up to AED 500,000
Permanent Total Disablement (PTD) Up to AED 500,000
Death Up to AED 500,000
Involuntary Loss of Employement (ILOE) Up to AED 8,000 per month subject to a maximum of 12 months


Credit Shield comes to you COMPLIMENTARY for the first two Card statements and thereafter a nominal monthly premium rate as mentioned in the Service and Price Guide will be applicable on the outstanding balance in each month’s Card statement. 

If you wish to de-enroll, kindly call RAKdirect 24x7 Phone Banking service +971 4 213 00 00 to place a request. Please note that once you have de-enrolled from Credit Shield, re-enrolment will not be allowed.

Disclaimer: RAKBANK is only distributing the Credit Shield which is underwritten and issued by Ras Al Khaimah National Insurance Company (P.S.C.) as per their policy terms and conditions. Accordingly, RAKBANK makes no representation or warranty whatsoever in respect of the Cover and assumes no liability or obligation in respect thereof. The Cover shall be provided as per the Credit Shield Terms & Conditions (which is a part of the Credit Card Terms and Conditions).

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