RAK Bank Credit Cards
RAK (Ras Al Khaimah) Bank offers the only credit cards in the UAE market that claim to be “free for life”, as in “no annual card fees”. The bank offers:
- RAKBANK Geant La Carte Credit Card
- RAKBANK Titanium MasterCard
- RAKBANK MasterCard
- RAKBANK Visa Classic and Gold Cards
- NMC RAKBANK MasterCard
The official website lists the following credit card benefits:
- Cashback: Up to 3% Cashback on Titanium and 1% Cashback on all other RAKBANK Credit Cards on total monthly retail purchases subject to minimum monthly retail spend of AED 1000.
0% interest: Introducing 0% interest on ertail purchases for the first 3 months. - No annual fee EVER: RAKBANK will never charge any annual fees for your Credit Cards.
- Low interest rate on outstanding retail purchases: RAKBANK offers interest rates lower than most banks’ credit cards.
- Up to 55 days interest free credit: Take a long breathing space with RAKBANK Credit Cards interest free period.
- FREE Supplementary Cards: Give your family members financial freedom with a RAKBANK Supplementary Card.
- Automatic FREE Purchase Protection: Total peace of mind on your purchases, wherever you are in the world.
- FREE Travel Inconvenience Insurance: Whatever the travel circumstances, you’ll always be covered with RAKBANK Credit Cards.
- Highest Cash Advance of up to 95% of Credit Limit: RAKBANK Credit Cards offer the highest Cash Advance amount of any credit card.
- Lowest minimum monthly payment of just 3%: RAKBANK Credit Cards offer the lowest monthly repayment amount of any available credit card.
- Privileged discounts on dining: Discover RAKfeast – our exclusive fine dining discount scheme only available to RAKBANK Card members. Take advantage of exclusively negotiated shopping discounts at a wealth of premium outlets.
- Exclusive benefits from Hertz & MMI travel: As RAKBANK Card holder you enjoy 5% discount with MMI travel on tickets, hotel accomodation and holiday packages. And 30% discount with Hertz on tariff rates of car rents, car upgrade and even free car rent in the UAE.
- Win AED 1,000,000 every 6 months with RAKBANK MasterCard
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June 5th, 2008 at 10:28 am
You should also try Standard Chartered since they are an international bank – but they have annual charges
July 21st, 2008 at 1:32 pm
Well, sometimes if the card benefits are god it worths to pay an annual fee.
I got two credit cards from ABN AMRO and they mislead with the offered benefits of their credit cards.
They mention free cinema tickets and free entrance to Ski Dubai.
The Free movie tickets promotion in valid ONLY on Fridays, ONLY one movie (not your choice, theirs) ONLY one timing and ONLY one cinema.
The “free” Ski Dubai entrance is almost the same, and it is not free. it is a “discount’.
As soon as I can I will definitely change my credit cards to other bank because the customer service is not great either… Maybe in other countries ABN AMRO isn’t that bad but in Dubai it is a disappointment.