RAKBANK

RAKBANK Elevate Credit Card

World Elite card with subscription model and zero FX fees on top tier

Min salary: AED 35,000/mo
Annual fee: Free for life
Salary transfer: Not required
FX fee: 0%
Monthly interest: 3.65%
Interest-free days: 55 days
Welcome offer: First 3 months subscription fee waived for new cardholders
Fee waiver: Monthly subscription: Prime AED 51.45/month (free if spend >= AED 5,000/month); Plus AED 103.95/month (free if spend >= AED 10,000/month); Privilege AED 208.95/month (free if spend >= AED 20,000/month). First 3 months free.

Travel & flights
No cap
Up to 3% back on airline and hotel redemptions. 2-4 reward points per AED 1 depending on tier.
3% in points
Everything else
No cap
2-4 reward points per AED 1 depending on tier (Prime: 2pts, Plus: 3pts, Privilege: 4pts).
2 pts / AED

Access to 1,300+ Airport Lounges: Complimentary access to 1,300+ airport lounges worldwide plus 1 guest.
6 Free Airport Transfers per Year: 6 complimentary airport transfers per year via Zofeur (2 free rides/month).
Free Padel Games: Plus tier: 2 free padel games/month; Privilege tier: 4 free padel games/month.
50% Off VOX Cinemas: 50% discount on VOX Cinema tickets.
Viya Beach/Pool/Gym Access: Unlimited beach club, pool and gym access via Viya membership (Plus and Privilege tiers).

The fine print that matters

Monthly Subscription Fee
Monthly fee of AED 51.45 (Prime), AED 103.95 (Plus), or AED 208.95 (Privilege) if monthly spend threshold not met.
Zero FX Fee Only on Privilege Tier
Zero FX surcharge applies only on Privilege tier; standard 1.15% Mastercard processing fee applies on lower tiers.
Finance Charges
3.65% per month on outstanding balances if not paid in full by due date.
Cashback Streaming Cap
AED 50-200 cashback on video streaming per month depending on tier.