RAKBANK RED Credit Card
A no-fee cashback credit card by RAKBANK earning 1.5% cashback on all spends.
Annual feeVAT included
Free
Free
Top ratebest category
0.25% education
0.25% education
Min salaryfor eligibility
AED 5,000
AED 5,000
FX markupforeign currency
1.05%
1.05%
Who Is This Card For?
Calculate This Card’s Value
Key Strengths and Weaknesses
Strengths
No annual fee or joining fee required.
Earns 1.5% cashback on all spends with no monthly cap.
Simple flat-rate structure with no minimum spend to activate rewards.
Watch out for
Only 0.25% cashback on education and utilities, far below market rates.
Minimum salary requirement of AED 12,500, higher than advertised AED 5,000.
No bonus categories or elevated earn rates for dining, travel, or groceries.
Earning Rates
All Other Spends
1.5%
1.5%
Education
0.25%
0.25%
Utilities
0.25%
0.25%
Fees & Conditions
Annual FeeFree
Fee WaiverN/A — always free
FX Markup1.05%
Minimum SalaryAED 5,000/mo
Frequently Asked Questions
Is there an annual fee for the RAKBANK RED Credit Card?
No, this card has no annual fee and no joining fee, making it a cost-free option for cardholders.
What cashback rate does this card earn?
You earn 1.5% cashback on all spends, with lower rates of 0.25% on education and utilities. There are no caps on the cashback you can earn.
What is the minimum salary required to apply?
The effective minimum salary is AED 12,500 per month, which is higher than the advertised AED 5,000 requirement.
Does this card earn cashback on school or university fees?
Yes, but only 0.25% cashback on education spending, which is significantly lower than the 1.5% rate on other purchases.
Can I use this card abroad?
Yes, but foreign currency transactions incur a 1.05% markup on top of the exchange rate.