Dubai Islamic Bank

DIB SHAMS Infinite Covered Card

Earn Wala'a Rewards on every spend with premium Islamic banking

Min salary: AED 20,000/mo
Annual fee: AED 733.95/yr
Salary transfer: Not required
FX fee: 3.7%
Monthly interest: 3.69%
Interest-free days: 55 days
Welcome offer: 200,000 Wala'a Rewards on spending USD 15,000 in 90 days + 20% cashback on select merchants for 3 months (max AED 450)
Fee waiver: Waived if annual spend exceeds AED 60,000

12 Complimentary Airport Lounge Visits: 12 complimentary lounge visits per year via Visa Airport Companion. Subsequent visits charged at USD 32 per visit.
4 Airport Transfers per Year: 4 complimentary airport transfers per year via Careem. Requires AED 8,000/month minimum spend.
4 Valet Parking per Month: 4 complimentary valet parking uses per month at select UAE locations. Requires AED 8,000/month minimum spend.
4 Golf Rounds per Month: 4 complimentary golf rounds per month at 6 UAE courses. Requires AED 8,000/month minimum spend.
Costa Coffee Buy 1 Get 1 Free: Complimentary Costa Coffee Buy 1 Get 1 Free offer. Requires AED 8,000/month minimum spend.

The fine print that matters

Late Payment Donation
AED 236.25 donated to charity if minimum payment not made by due date.
Cash Withdrawal Fee
AED 94.50 per cash withdrawal transaction, plus profit rate from date of withdrawal.
FX Transaction Fee
3.70% on non-AED international transactions; 3.14% on AED international transactions.
Annual Fee if Spend Not Met
AED 733.95 annual fee charged if annual spend falls below AED 60,000 threshold.
Perks Require Minimum Monthly Spend
Airport transfers, valet, golf, and lounge benefits all require a minimum AED 8,000 monthly spend to activate.