SHAMS Platinum Covered Card
IslamicNo salary transfer needed
First year free; from year 2 waived on annual spend of AED 15,000, else AED 208.95 incl. VAT
Applying happens on the bank's site. Himma may earn a commission at no cost to you.
What it costs.
- Annual fee
- AED 208.95
- Fee note
- First year free; from year 2 waived on annual spend of AED 15,000, else AED 208.95 incl. VAT
- Monthly rate
- 3.69%
- Effective APRiThe real annual cost when monthly interest compounds: (1 + monthly rate)¹² − 1. It is always higher than monthly rate × 12.
- 54.5%
- Minimum salary
- –Not published in the catalogue yet; it is not zero.
- Salary transfer
- Not required
Bank-level rates and FX markups from official schedules of charges live in the UAE credit card rates tool; always confirm current terms in the bank's Key Fact Statement before applying.
What you get.
- Welcome bonus up to 50,000 Wala'a Rewards (worth up to AED 250) on USD 5,000 spend within 90 days, for new-to-card customers (cards issued 01 Jul - 31 Dec 2026)
- 20% cashback at Dubai Now, Talabat, Noon, Deliveroo, Amazon for first 3 months (max AED 15/merchant/month, AED 90/month total)
- 5% back on dining: 10 Wala'a Rewards per AED 1, max 5,000 rewards/month
- 5% back on travel (flights/hotels): 10 Wala'a Rewards per AED 1, max 10,000 rewards/month
- 2 Wala'a Rewards per AED 1 on international spends; 1.5 on domestic spends; 0.3 on government, supermarkets, utilities, insurance, fuel, education, telecom, real estate
- Travel & medical cover up to US$100,000 (covers spouse and up to 4 children under 18)
- Complimentary roadside assistance
- Balance transfer facility (min AED 1,000, 12-month plan)
- No lounge, valet, golf or airport transfer benefits on this tier
Educational tool only: not financial advice and not a recommendation of any card. Figures reflect Himma's card catalogue as of July 2026. Banks reprice frequently and individual offers vary by credit profile. Always verify current terms in the bank's Key Fact Statement and schedule of charges, and consult the Central Bank of the UAE's consumer-protection resources before borrowing.