RAKBANK Elevate Prime Credit Card
A premium points credit card by RAKBANK earning 2 points per AED on general spend with exclusive lifestyle perks.
AED 617.40
Up to 0.6 pts/AED
AED 35,000
1.15%
Who Is This Card For?
Quick answer before the detailed explanation
Good fit if
You spend AED 20,000 or more monthly on general purchases and value lifestyle perks.
Not ideal if
You spend heavily on groceries or utilities, or earn below AED 35,000 monthly.
Watch out for
Annual fee of AED 617.40 applies unless you spend AED 60,000 per year.
Calculate This Card’s Value
Earning Rates
2 pts/AED
0.4 pts/AED
0.6 pts/AED
Perks
Key Strengths and Weaknesses
Strengths
Earns 2 points per AED on most general spending with no cap.
Annual fee waived with AED 60,000 annual spend, just AED 5,000 annually.
Includes lounge access, airport transfers, Careem Plus, and fast track.
Offers cinema buy-one-get-one and video streaming cashback perks.
Watch out for
Groceries earn only 0.6 points per AED, utilities just 0.4 points per AED.
Requires minimum salary of AED 35,000 monthly to qualify.
Annual fee of AED 617.40 if spend falls below AED 60,000 yearly.
Fees & Conditions
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Frequently Asked Questions
What is the minimum salary to apply for the RAKBANK Elevate Prime Credit Card?
You need a minimum monthly salary of AED 35,000 to be eligible for this card.
How do I avoid the annual fee on this card?
The AED 617.40 annual fee is waived if you spend at least AED 60,000 per year, which works out to AED 5,000 annually on average.
What earn rate does this card offer on general spending?
You earn 2 points per AED on most general purchases. Groceries earn 0.6 points per AED and utilities earn 0.4 points per AED.
Can I use this card abroad without high fees?
Yes, the card charges a 1.15% foreign exchange markup, which is standard for UAE credit cards.
What perks are included with the RAKBANK Elevate Prime Credit Card?
The card includes lounge access, airport transfers, Careem Plus membership, airport fast track, video streaming cashback, and cinema buy-one-get-one offers.