Cashback Covered Card: UAE Review
Compare published eligibility, rewards, fees and benefit conditions. Bank terms reviewed 2026-10-22. This is an independent review, not bank approval.
Dirham Score 2.8/5100% data coverage · editorial methodHow this score works
- + Published first-year fee waiver
- + Published salary criteria
- + Sharia-compliant product
- − Reward estimate has stated exclusions
- − Bank FX charge 2.5%; scheme charges may apply
Explore all Sharjah Islamic Bank cards and accounts · Islamic covered card · Primary bank sources reviewed 2026-10-22
Personalise this card’s AED value
The same rewards engine powers the comparison directory and personal selector. Start from our AED 10,000 monthly benchmark, then enter your actual category spending. Estimates assume full repayment.
Published renewal fee used; unverified discretionary or relationship waivers are excluded.
Wallet channel is not a universal spend category. Specific merchants never receive the 10% rate; Dining conservatively assumes excluded quick service. EEA earns 0.3% and excluded foreign merchant categories 0.5%. International spending here assumes eligible general retail outside restricted markets; FX charges and lifestyle perks are excluded. Use the detailed rewards calculator for market splits and verified FX deductions. No borrowing costs are included. Negative values remain visible.
Open the detailed personal rewards calculatorSalary eligibility, annual fees and borrowing charges
- Minimum monthly salary
- AED 5,000
- Annual fee
- AED 199
- Bank FX charge
- 2.5%; scheme fees may apply
- Monthly profit rate
- 3.49%
- Reward programme
- Cashback
- Salary transfer required
- No published requirement
First year free. Renewal AED199 VAT inclusive, waived after AED10,000 retail spend in prior year.
Cashback or points earning rules, thresholds and caps
10% eligible online/wallet purchases capped AED300 monthly; 1% other domestic, 2% eligible foreign, 0.5% specific merchants and 0.3% EEA.
Minimum earning gate: See published category rules. Accelerated-rate spending gate: See published category rules. Monthly reward cap: See specific categories and issuer terms. Reward earning delay: 0 modelled months.
| Spend category | Published model rate | Category cap / month | Below-gate rate |
|---|---|---|---|
| Online Shopping | 10 % cashback | AED 300 | 0 |
| Groceries | 0.5 % cashback | Shared/general conditions | 0 |
| School Fees | 0.5 % cashback | Shared/general conditions | 0 |
| Utilities | 0.5 % cashback | Shared/general conditions | 0 |
| Fuel | 0.5 % cashback | Shared/general conditions | 0 |
| Dining | 0.5 % cashback | Shared/general conditions | 0 |
| International Spend | 2 % cashback | Shared/general conditions | 0 |
First-year AED value and conditional welcome offers
The benchmark produces AED 1,890 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.
Wallet channel is not a universal spend category. Specific merchants never receive the 10% rate; Dining conservatively assumes excluded quick service. EEA earns 0.3% and excluded foreign merchant categories 0.5%.
Calculate this card using your own monthly spending. The interactive panel below applies current offer dates and exposes the full fee and welcome breakdown.
Cashback Covered Card
Dirham Score 2.8/5100% data coverage · editorial methodHow this score works
- + Published first-year fee waiver
- + Published salary criteria
- + Sharia-compliant product
- − Reward estimate has stated exclusions
- − Bank FX charge 2.5%; scheme charges may apply
First year free. Renewal AED199 VAT inclusive, waived after AED10,000 retail spend in prior year.
View breakdown
Regular welcome+ AED 0
Promotional booster+ AED 0
Annual rewards+ AED 1,890
Fee waiver+ AED 199
Joining-fee refund+ AED 0
Annual fee− AED 199
Actual modelled netAED 1,890
Wallet channel is not a universal spend category. Specific merchants never receive the 10% rate; Dining conservatively assumes excluded quick service. EEA earns 0.3% and excluded foreign merchant categories 0.5%.
Calculation assumptionsRewards, fees & important conditions
Read the full Cashback Covered Card review and fee maths
10% eligible online/wallet purchases capped AED300 monthly; 1% other domestic, 2% eligible foreign, 0.5% specific merchants and 0.3% EEA.
No cinema benefit verified. · No complimentary access verified
Monthly profit rate: 3.49%. Bank FX charge: 2.5%.
First-year fee waiver requires AED 10,000 spend within 365 days. Your forecast meets the spend target.
Wallet channel is not a universal spend category. Specific merchants never receive the 10% rate; Dining conservatively assumes excluded quick service. EEA earns 0.3% and excluded foreign merchant categories 0.5%.
June 2026 KFS states minimum monthly income AED5,000; brief AED8,000 is not supported by this KFS. Approval may apply stricter underwriting.
Online/wallet exclusions include supermarket, fuel, education, utilities/telecom, government, real estate, QSR, insurance, auto, public transport, tolls and charities.
AED199 is VAT inclusive in KFS. Page has contradictory EEA prose; detailed table and June KFS state0.3%.
Official bank source · checked 2026-10-22Official bank terms, tariff or rewards information
Exact official bank card artwork; proportional WebP display copy. Image source
Lounge, 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
- June 2026 KFS states minimum monthly income AED5,000; brief AED8,000 is not supported by this KFS. Approval may apply stricter underwriting.
- Online/wallet exclusions include supermarket, fuel, education, utilities/telecom, government, real estate, QSR, insurance, auto, public transport, tolls and charities.
- AED199 is VAT inclusive in KFS. Page has contradictory EEA prose; detailed table and June KFS state0.3%.
Other charges to check in the official tariff
Supplementary card, cash advance and late-payment fees are not consistently verified across this catalogue. They are not assumed to be zero and are excluded from rewards-only estimates. Check the linked bank schedule and key facts statement before borrowing.
How this card compares
These alternatives share its published salary bracket and broad reward type. Values use the same AED 10,000 monthly benchmark, rather than paid placement. Bank-specific approval and exclusions still apply.
ADCB 365 Cashback Credit Card
ADCB · minimum salary AED 5,000
Compare Cashback Covered Card with ADCB 365 Cashback Credit CardADCB Islamic 365 Cashback Card
ADCB · minimum salary AED 5,000
Compare Cashback Covered Card with ADCB Islamic 365 Cashback CardCBD Super Saver Visa Signature Credit Card
CBD · minimum salary AED 5,000
Compare Cashback Covered Card with CBD Super Saver Visa Signature Credit CardOfficial bank sources and application information
- Cashback Covered Card official product terms
- Sharjah Islamic Bank: Official product page
- Sharjah Islamic Bank: Official bank terms, tariff or rewards information
- Cashback Covered 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.