| Minimum Salary | Salary Transfer | Islamic Finance | Cashback | Annual Fee | Rate | |
|---|---|---|---|---|---|---|
.png)
Ajman Bank - ULTRACASH
|
Minimum Salary: AED 10,000 | Salary Transfer: Yes | Islamic Finance: No | Cashback: Yes | Annual Fee: AED 300 | Rate: 3.5% |
The 1st in the UAE that offers you up to 10% Cashback on your favorite spending categories plus a Welcome Bonus of up to AED 500
Discover Ultra Cashback Rewards Program
Welcome Offer
UAE Nationals: AED 500
Expatriates: AED 300
| SPENDING TYPE | UAE NATIONALS | EXPATRIATES |
|---|---|---|
| Fuel | 10% 1st 3 months and 5% thereafter | 5% |
| Online Shopping | 5% | 5% |
| Supermarkets | 5% | 5% |
| School Fees | 5% | 5% |
| All Other Spends | 1% | 1% |
Additional Information
Eligibility Criteria
Customers must have a minimum salary of AED 10,000
Documents Required
- Key Fact Statement
- Credit Card Application Form
- Passport and Emirates ID
- VISA (Not required for Emirates ID issued after 11th Apr. 2022)
- Original Salary certificate (only for Non-listed companies)
- One month pay slip (for Listed companies)
- Trade License (for self-employed individuals having account with Ajman Bank)
** Calculator Definitions
Amount:
The total amount of money borrowed, also referred to as the principal amount.
Rate (%):
This is the annual interest rate on the product which is equivalent to APR, which is going to be calculated in this example.
Years:
This is the original term or length of the product, stated in years.
Effective Monthly Payment:
This is the effective monthly payment, which takes into consideration fees and other costs associated with this product. The effective monthly payment is the basis for the APR calculation.
Calculated Annual Percentage Rate (%):
The Calculated Annual Percentage Rate (APR) is determined using the annual interest rate of the product plus fees and other costs. This rate may differ from bank to bank. APR is useful when comparing two or more products with different interest rates and fee structures.
