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Life’s more rewarding in Ras Al Khaimah, and wherever you go
Now you can enjoy even more with My Ras Al Khaimah Platinum Credit Card. Take advantage of great savings, benefits and more in Ras Al Khamiah and beyond. Not only do you earn RAKrewards on all your spends, you also enjoy discounts and privileges to suit your lifestyle, from holidays and dining to fashion, entertainment and jewelry. Shopping is also easier thanks to easy payment plans, flexible repayments and low interest rates.
RAKrewards
Win 500,000 RAKrewards every 3 months**
- Spend over AED 10,000* quarterly on My Ras Al Khaimah Card and get a chance to win 500,000 RAKrewards and redeem comfortably through www.RAKrewards.ae.
- 25 winners every quarter allows multiple opportunities for you to win the grand draw.
*25 winners inclusive of My RAK conventional and Islamic variant
Earn Triple RAKrewards on Fuel and up to 10,000 RAKrewards on cinema spends
You benefit from the RAKrewards partnerships to earn and redeem your rewards. Amongst the large range of redemption choices available are:
- Over 300+ Airlines, 300,000+ hotels and a host of travel experiences
- Vouchers for Dining, Desert Safari, Boating adventure, Marhaba service, Rent a Car
- Wide range of electronics and home appliances and many more
To know more about RAKrewards, please view the RAKreward leaflet
*Effective April 14th, 2020, all domestic and international transactions under the category of Charities, Government Services, Bill Payments, Schools, Education, Transits, Transport, Telecommunication, Real Estate, Supermarkets, Health & Beauty, Club Membership, Computer Services, Automobiles & Vehicles and Insurance Services will earn 0.35 RAKrewards for every AED 1 spent.
*Effective May 17th, 2020, all domestic and international transactions under the category of Charities, Government Services, Bill Payments, Schools, Education, Transits, Transport, Telecommunication, Real Estate, will earn 0.35 RAKrewards for every AED 1 spent.
The minimum threshold to redeem RAKRewards for the My Ras Al Khaimah Credit Card is 10,000
Transactions made through any of the banking channels i.e. IVR, Internet Banking, Mobile, CDMs, ATM’s, Branches or any other RAKBANK payment channels will not be eligible for any cashback/rewards.
Card Features
- Free for life
- Low finance charges of 3.45% on retail and cash advance transaction
- Free supplementary Cards
- Up to 55 days interest free credit
- Cash Advance of up to 80% of your Credit Limit
- Lowest minimum monthly payment of just 3%
- Pay your Credit Card bills at any RAKBANK ATM or EDM, or one of the following exchange houses: UAE Exchange, Redha Al Ansari Exchange, Al Ansari Exchange, Sharaf Exchange, Al Fardan Exchange or Lulu Exchange outlets
- Free Travel Accident Insurance
- Purchase protection in case of theft or accidental damage by Mastercard
- Cardless payments with Apple Pay, Samsung Pay, Google Pay, Fitbit Pay or Garmin Pay plus cardless cash withdrawals at contactless enabled RAKBANK ATMs
Your Card is Packed with benefits
- Unlimited, complimentary access to Lounges to over 10 Marhaba and CAC lounges in UAE, KSA, Jordan, Kuwait and Egypt.15 regional and international LoungeKey lounges across USA, UK, Canada, Germany, France, Singapore, and more. Please click here for more details.
- Avis Car Rental Discounts: 15% off on car rental across Europe, the Middle East, Africa and Asia and 12% off on car rental in the United States and Canada.
- Cleartrip travel discounts upto 30% – Airline and Hotel bookings. Simply go to https://www.cleartrip.ae/offers/uae/Mastercard, select your airfare and/or hotel nights, and enter promo code MASTERCARD.
- MyUS Premium Shipping Discounts and Complimentary Membership. Simply register at: www.myus.com/welcome/mastercardpremium/
- European Shopping Villages Luxurious shopping discount Up to 60%. Click here to know more.
- Bicester Village Shopping Collection Benefits offer savings of up to 60% on the recommended retail price, in their own luxuriously appointed boutiques, all year round.
- You will be able to apply and book appointments for your travel visa needs for a flat
fee of USD 15 With Fulfill visa assistance. Visit www.fulfillsolutions.com/mastercard to access
the Fulfill website and apply for your travel visa. - Farfetch 10% discount on over 700 boutiques and brands from around the world, Farfetch ships to customers in almost 190 countries. Explore the marketplace at Farfetch.com, and use the code ‘MASTERCARD10’ to avail 10% off site wide products. This discount is eligible off full priced items only.
For detailed information on your Card benefits, please view the Card guide.
0% Easy Payment Plan
Shopping just got easier with the 0% Easy Payment Plan for RAKBANK Credit Cards. Convert your purchase into a 0% Easy Payment Plan, for 3, 6, 9 or 12 months, at a wide range of participating merchants. Click here for more details.
Risks & Limitations
- Additional 5% over and above the Credit Card limit will be allowed to process the transaction. However, any transaction in excess of the Credit Card limit will attract over limit fees.
- Under RAKrewards, please note:
- All domestic and international transactions under the category of Charities, Government Services, Bill Payments, Schools, Education, Transits, Transport, Telecommunication, Real Estate, will earn 0.35 RAKrewards for every AED 1 spent.
- The minimum threshold to redeem RAKRewards for the My Ras Al Khaimah Credit Card is 10,000 RAKrewards.
- Transactions made through any of the banking channels i.e. IVR, Internet Banking, Mobile, CDMs, ATM’s, Branches or any other RAKBANK payment channels will not be eligible for any cashback/rewards.
- RAKrewards points are valid 36 months from earned date, and if not redeemed within the expiry period, they will automatically lapse and will be forfeited on the expiry date as specified in the Rewards Statement.
- Maximum RAKrewards monthly cap on Domestic spend is 166,667 and for International spend is 166,667.
- Cash advances are permitted only up to 80% of the Credit Card limit.
- Balance transfer is permitted up to 95% of available balance.
- Smart Cash (Loan on Card) is permitted up to 80% of the Credit Card limit or 95% of the available balance (whichever is lower).
- Credit Card cheque is permitted up to 80% of the Credit Card limit or 95% of the available balance (whichever is lower).
- These services are offered subject to approval of the Bank.
Customer Obligations
- You must disclose your income accurately, provide valid identity and employment details and evidence them with authentic documents.
- You are obligated to make monthly payments due under the Credit Card as per due date to avoid late payment fees & finance charges.
Key Terms & Conditions
- The Bank may amend the features, fees, charges, terms & conditions of the Credit Card on 60 days’ notice to you in advance.
- The Bank may amend the interest rates for the Credit Card on 30 days’ notice to you in advance.
Warning
- If you are late in payment or fail to make the applicable payments on the due date, you will pay default interest at the rates described in the Service & Price Guide.
- If you make only the minimum payments during each billing period, you will pay more in interest and it will take you longer to pay off your outstanding balance.
- If you fail to make a payment or otherwise breach the Credit Card terms, this will be a default and the Bank will be entitled, among other things, to:
- (a) cancel the Credit Card and demand full repayment immediately;
- (b) report the default to the appropriate regulatory authorities including the UAE Central Bank, Al Etihad Credit Bureau and other credit rating agencies, which will affect your credit rating;
- (c) bring legal proceedings against you.