RAKBANK RED Credit Card
A no-fee cashback credit card by RAKBANK offering 1.5% cashback on all everyday spending.
Free
0.25% education
AED 5,000
1.05%
Who Is This Card For?
Quick answer before the detailed explanation
Good fit if
You want a no-fee flat-rate cashback card for everyday spending.
Not ideal if
You frequently pay school fees, university tuition, or utility bills.
Watch out for
Education and utilities earn only 0.25% cashback, far below the baseline.
Calculate This Card’s Value
Earning Rates
1.5%
0.25%
0.25%
Key Strengths and Weaknesses
Strengths
No annual fee, making it cost-free to hold and use.
1.5% cashback on all everyday spending with no monthly cap.
Simple flat-rate structure with no minimum spend to activate rewards.
Watch out for
Education spending earns only 0.25% cashback, well below the baseline.
Utilities earn just 0.25% cashback, making it poor for bill payments.
No welcome bonus or additional perks to enhance value.
Fees & Conditions
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Frequently Asked Questions
Is there an annual fee for the RAKBANK RED Credit Card?
No, the RAKBANK RED Credit Card has no annual fee, so you can hold and use it at no cost.
How much cashback do I earn on everyday spending?
You earn 1.5% cashback on all everyday purchases with no monthly cap or minimum spend requirement.
Does this card earn cashback on school or university fees?
Yes, but education spending earns only 0.25% cashback, far below the 1.5% rate on other purchases.
Can I use this card abroad?
Yes, the card works internationally with a 1.05% foreign exchange markup on transactions in currencies other than AED.
What is the minimum salary required to apply?
You need a minimum monthly salary of AED 5,000 to be eligible for the RAKBANK RED Credit Card.