RAKBANK Elevate Privilage Credit Card
A premium points credit card by RAKBANK earning 4 points per AED on all spend with no foreign exchange markup.
AED 2,507.40
Up to 0.6 pts/AED
AED 35,000
Who Is This Card For?
Quick answer before the detailed explanation
Good fit if
You spend AED 20,000 or more monthly across diverse categories and travel internationally.
Not ideal if
You spend mostly on groceries or utilities, or prefer cashback rewards.
Watch out for
AED 240,000 annual spend required to waive the AED 2,507 annual fee.
Calculate This Card’s Value
Earning Rates
4 pts/AED
0.4 pts/AED
0.6 pts/AED
Perks
Key Strengths and Weaknesses
Strengths
Earns 4 points per AED on all spend with no caps.
Zero foreign exchange markup on international transactions.
Annual fee waived with AED 240,000 yearly spend.
Premium perks include lounge access, Careem Plus, gym, and airport transfers.
Watch out for
Groceries earn only 0.6 points per AED, far below baseline.
Utilities earn just 0.4 points per AED.
AED 35,000 minimum monthly salary requirement.
Fees & Conditions
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Frequently Asked Questions
What is the minimum salary to apply for the RAKBANK Elevate Privilage Credit Card?
You need a minimum monthly salary of AED 35,000 to be eligible for this card.
How can I waive the annual fee on this card?
The AED 2,507 annual fee is waived if you spend AED 240,000 or more per year, which works out to AED 20,000 monthly.
Does this card charge foreign exchange fees?
No, the RAKBANK Elevate Privilage Credit Card has 0% foreign exchange markup, making it ideal for international spending.
How many points do I earn on groceries and utilities?
You earn 0.6 points per AED on groceries and 0.4 points per AED on utilities. All other spend earns 4 points per AED.
What perks come with the RAKBANK Elevate Privilage Credit Card?
The card includes lounge access, Careem Plus, airport transfers, gym access, airport fast track, video streaming cashback, padel court access, and cinema buy-one-get-one offers.