RAKBANK RED Cashback Credit Card: UAE Review
Compare published eligibility, rewards, fees and benefit conditions. Bank terms reviewed 2026-10-18. This is an independent review, not bank approval.
Dirham Score 2.5/5100% data coverage · editorial methodHow this score works
- + Published free-for-life annual fee
- + Published salary criteria
- + Reward limitations disclosed
- − Reward estimate has stated exclusions
- − Bank FX charge 2.57%; scheme charges may apply
Salary eligibility, annual fees and borrowing charges
- Minimum monthly salary
- AED 5,000
- Annual fee
- AED 0
- Bank FX charge
- 2.57%; scheme fees may apply
- Monthly interest rate
- 3.65%
- Reward programme
- Cashback
- Salary transfer required
- No published requirement
Cashback or points earning rules, thresholds and caps
Base earning: 1.5 % cashback.
Monthly spend gate: AED 3,000. Monthly reward cap: AED 300. Reward earning delay: 0 modelled months.
| Spend category | Published model rate | Category cap / month | Below-gate rate |
|---|---|---|---|
| School Fees | 0.25 % cashback | Shared/general conditions | 0.25 |
| Utilities | 0.25 % cashback | Shared/general conditions | 0.25 |
| Fuel | 0.25 % cashback | Shared/general conditions | 0.25 |
First-year AED value and conditional welcome offers
The benchmark produces AED 1,275 estimated first-year headline value. It assumes AED 10,000 monthly spending across the stated categories and does not include borrowing costs or unmodelled perks.
Models 1% at AED 1,000–2,999 monthly spend, 1.5% at AED 3,000+, 0.25% direct reduced-category spend and AED 300 monthly cap. Bank-channel bills and remittances excluded; redemption requires AED 100 cashback.
Calculate this card using your own monthly spending. The interactive panel below applies current offer dates and exposes the full fee and welcome breakdown.
RAKBANK RED Cashback Credit Card
Dirham Score 2.5/5100% data coverage · editorial methodHow this score works
- + Published free-for-life annual fee
- + Published salary criteria
- + Reward limitations disclosed
- − Reward estimate has stated exclusions
- − Bank FX charge 2.57%; scheme charges may apply
View breakdown
Regular welcome+ AED 0
Promotional booster+ AED 0
Annual rewards+ AED 1,275
Fee waiver+ AED 0
Joining-fee refund+ AED 0
Annual fee− AED 0
Actual modelled netAED 1,275
Models 1% at AED 1,000–2,999 monthly spend, 1.5% at AED 3,000+, 0.25% direct reduced-category spend and AED 300 monthly cap. Bank-channel bills and remittances excluded; redemption requires AED 100 cashback.
Calculation assumptionsRewards, fees & important conditions
No cinema benefit verified. · No complimentary access verified
Monthly interest rate: 3.65%. Bank FX charge: 2.57%.
AED 300 digital welcome bonus. The official landing page does not expose the qualifying spend amount and full campaign terms in retrieved content. No promotional amount is included in the forecast.
Models 1% at AED 1,000–2,999 monthly spend, 1.5% at AED 3,000+, 0.25% direct reduced-category spend and AED 300 monthly cap. Bank-channel bills and remittances excluded; redemption requires AED 100 cashback.
Free for life. AED 1,000 minimum monthly net spend; 1% standard retail cashback at AED 1,000–2,999 and 1.5% from AED 3,000. AED 300 maximum cashback per billing cycle.
Reduced MCCs earn 0.25%: charities, government, bills, education, transit/transport, telecom, real estate and fuel. RAKBANK-channel payments, cash and remittances earn no rewards.
AED 100 minimum cashback redemption and 15-month reward expiry. Cash-remittance benefit is one qualifying international transfer per month; bank terms and FX rates apply.
Finance 3.65% monthly, with a possible 0.5 percentage-point past-due increase. Foreign transaction charge 2.57% including VAT plus approximately 1.15% network fee.
Official bank source · checked 2026-10-18VAT-inclusive service and price guide
Exact official issuer artwork; retrieved and visually inspected. Card design may change. WebP copy resized without cropping or changing the depicted card. Image source
Promotional sign-up booster
AED 300 digital welcome bonusIssuer headline; qualification remains to be confirmed. Excluded from the forecast.
Ends in 13 days · Apply by 2026-10-31 (UAE date, inclusive)
- The official landing page does not expose the qualifying spend amount and full campaign terms in retrieved content.
Qualifying extra bonus in this forecast: AED 0.
The official landing page does not expose the qualifying spend amount and full campaign terms in retrieved content.
Official offer termsLounge, cinema, valet and golf conditions
- Airport lounges: No complimentary access verified
- Cinema: No current offer verified
- Valet: No published benefit verified
- Golf: No published benefit verified
Exclusions and important product notes
- Free for life. AED 1,000 minimum monthly net spend; 1% standard retail cashback at AED 1,000–2,999 and 1.5% from AED 3,000. AED 300 maximum cashback per billing cycle.
- Reduced MCCs earn 0.25%: charities, government, bills, education, transit/transport, telecom, real estate and fuel. RAKBANK-channel payments, cash and remittances earn no rewards.
- AED 100 minimum cashback redemption and 15-month reward expiry. Cash-remittance benefit is one qualifying international transfer per month; bank terms and FX rates apply.
- Finance 3.65% monthly, with a possible 0.5 percentage-point past-due increase. Foreign transaction charge 2.57% including VAT plus approximately 1.15% network fee.
Official bank sources and application information
- RAKBANK RED Cashback Credit Card official product terms
- RAKBANK: Official product page
- RAKBANK: RED card KFS
- RAKBANK: VAT-inclusive service and price guide
- RAKBANK: Minimum salary comparison
- RAKBANK RED Cashback Credit Card official artwork source
Eligibility is subject to the bank’s full assessment. Figures are a source-reviewed snapshot. Confirm current terms before applying. Read the reward calculation and Dirham Score methodology.