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Cashback
RAKBANK
RED Credit Card
No salary transfer needed
Min. salary
AED 5,000
Annual fee
AED 0
Monthly rate
3.65%
Effective APRiThe real annual cost when monthly interest compounds: (1 + monthly rate)¹² − 1. It is always higher than monthly rate × 12.
53.8%
Free for life
Applying happens on the bank's site. Himma may earn a commission at no cost to you.
01Fees & rates
What it costs.
- Annual fee
- AED 0
- Fee note
- Free for life
- Monthly rate
- 3.65%
- Effective APRiThe real annual cost when monthly interest compounds: (1 + monthly rate)¹² − 1. It is always higher than monthly rate × 12.
- 53.8%
- Minimum salary
- AED 5,000
- 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.
02Rewards & perks
What you get.
- Free for life: no annual or joining fees
- Welcome offer: AED 300 bonus for digital applications from 15 July to 15 September 2026 (minimum spend criteria apply)
- 1% cashback on monthly retail spends between AED 1,000 and AED 2,999; 1.5% cashback on monthly retail spends of AED 3,000 and above (local and international)
- Cashback capped at AED 300 per month; earning starts once monthly spend reaches AED 1,000
- Reduced categories (charities, government services, bill payments, schools, education, transits, transport, telecommunication, real estate, petrol/gas stations) earn 0.25% cashback
- One free international remittance per month via RAKMoneyTransfer, with transfers to 170+ countries
- Cashback valid 15 months; minimum redemption threshold AED 100
- IHG Hotels & Resorts Mastercard offer: 15% off room rates, complimentary welcome drink, late check-out at participating properties
- Cash advance up to 80% of credit card limit; credit card cheques, Smart Cash and balance transfer available
- Transactions via bank channels, cash transactions and RAKMoneyTransfer do not earn cashback
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.