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RAKBANK RED Mastercard Credit Card

Earn up to 1.5% Cashback on all you buy with RAKBANK RED Mastercard Credit Card.


There’s no better way to save than with RAKBANK RED Mastercard Credit Card. Just spend like you usually do and save like never before. 

Get your RAKBANK RED Credit Card digitally in minutes using the RAKBANK App!

Along with everyday rewards with your daily spends, you’ll also receive AED 300 joining bonus and enjoy free streaming subscriptions for the rest of 2023!

Click here for terms & conditions.

Your savings just keep adding up. Get up to 1.5% Cashback on both local and international transactions shown as Cashback in your Card statement when you spend AED 1,000 or more on your Card in a month.


Spend Cashback
AED 1,000 - AED 2999 1%
AED 3,000 & above 1.5%
Max cap per month AED 300

You pay no annual fee for your Card, ever.

Just Tap & Pay with MasterCard® contactless. Tap & GoTM. That means fewer queues, and less time paying at all participating merchants around the globe. Click here for information.

Save on charges when you send money to India, Philippines, Sri Lanka, Nepal, Pakistan, Europe and various other parts of the world thanks to one free remittance through your Credit Card every month.

Your RAKBANK RED Mastercard Credit Card comes with a Credit Shield cover offered by RAKINSURANCE.

Travel Related:

  • Complimentary access to over 10 Marhaba and CAC lounges in UAE, KSA, Jordan, Kuwait and Egypt
  • 10% discount on Rentalcars.com 
  • 20% off AVIS car rental
  • 10% off on card or truck rentals with Budget

Hotel Related:

  • 10% cashback on hotel bookings via bookings.com
  • 15% discount at IHG Hotels and Resorts

Lifestyle Related:

  • 25% discount on your first Fiit subscription
  • 20% off on grocery or food orders at Talabat
  • LingoKids learning app - 2 months-free trial (new users)  or 30% off on monthly subscriptions 
  • Priceless Specials offers on dining, leisure and more

Click here for detailed information on Mastercard benefits and redemption process.

  • 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.
  • Please note the following on Cashback:
  • The maximum Cashback amount per billing statement cycle is capped at AED 300.
  • The minimum threshold to redeem cashback for the RED Card is AED 100.
  • Transactions made through any of the banking channels i.e. IVR, Internet Banking, Mobile, CDMs, ATM’s, Branches or any other RAKBANK payment channels, Cash transactions, and RAKMoneyTransfer transactions will not be eligible for any Cashback /Rewards.
  • Effective May 14th, 2020, all domestic and international transactions under the category of Charities, Government Services, Bill Payments, Schools, Education, Transits, Transport, Telecommunication, Real Estate, Petrol/Gas stations, will earn 0.25% Cashback for every AED 1 spent.
  • Cashback points are valid 15 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.
  • 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.


  • 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 as per 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.

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.

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