| Minimum Salary | Salary Transfer | Islamic Finance | Cashback | Annual Fee | Rate | |
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RAKBANK - Emirates Skywards World Elite Credit Card
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Minimum Salary: AED 20,000 | Salary Transfer: No | Islamic Finance: No | Cashback: No | Annual Fee: AED 1,499 | Rate: 2.5% |
The RAKBANK Emirates Skywards World Elite Mastercard Credit Card lets you earn Skywards Miles on all types of spends. What’s more, these Skywards Miles are awarded based on total monthly spends in Dirhams to keep it simple for you.
Lifestyle Benefits- Discovery Black Membership and Hotel Discounts Uplift your hospitality experience
- Exclusive Hotel Discounts
- Full year Amazon Prime membership
- Entertainment benefits at VOX Cinemas
- Free Delivery of Fuel by CAFU at your doorstep
- Up to 50% off on local attractions
- Up to 50% off dining and entertainment in UAE
Card Benefits- Earn up to 40,000 skyward Miles per month
- Get up to 160,000 Bonus Miles with the RAKBANK Skywards World Elite credit card
- Emirates Skywards Silver tier membership
- Fast Track to Gold Tier status
- Global airport lounge access & transfers
- 15% discount on 'Buy and Gift Miles'
Mastercard benefits- Insurance covers
- Global car rental benefits
- Get 10% Discount on travel bookings with Cleartrip using promo code MCWORLD
- Shopping Benefits
- Premium hotels and stays offers and discounts
- Applying for travel visa made simple and quick for global traveler at only US$15
Balance Transfer Features- Get Joining bonus Skywards Miles of 20,000 on payment of annual fee of AED 1,499. The bonus Skywards Miles will be credited within a week of the next statement cycle.
- Earn 50% extra spend based Skywards Miles based on retail spends in the first 3 statements. You will earn 50% over and above the Skywards Miles accumulated within the statement cycle. The 50% bonus Skywards Miles will be credited within a week of the next statement cycle.
- Earn up to 80,000 Skywards Miles on transfer of your outstanding balances from non-RAKBANK Credit Card to RAKBANK Emirates Skywards World Elite Mastercard Credit Card as per the below tiered structure.
- AED 25,000+
- AED 40,000+
- AED 60,000+
- AED 80,000+
- AED 100,000+
- AED 150,000+
- Earn Skywards Miles
- 10,000 Miles
- 25,000 Miles
- 30,000 Miles
- 40,000 Miles
- 50,000 Miles
- 80,000 Miles
- Balance Transfer will be processed at 0% interest rate for a period of three months at 2.99% processing fee. Please call 042130000 to place the request.
Features
- Annual fees for RAKBANK Emirates Skywards World Elite Mastercard Credit Card is AED 1,499.
- Get Joining bonus Skywards Miles of 20,000 on payment of annual fee of AED 1,499. The bonus Skywards Miles will be credited within a week of the next statement cycle.
- Earn 50% extra spend based Skywards Miles based on retail spends in the first 3 statements.
- Annual fees for RAKBANK Emirates Skywards World Elite Mastercard Supplementary Credit Card is AED 999 with Silver tier membership & AED 200 without Silver tier membership
- Get up to 160,000 Bonus Miles with the RAKBANK Skywards World Elite credit card
- Emirates Skywards Silver Tier Status
- Fast Track to Gold Tier status
- Earn up to 40,000 skyward Miles per month
- Up to 50% off on local attractions
- Purchase Protection
- Secure Wallet
- Get 30% discount up to three rides per month on Careem, using promo code RAKBANK30 when booking
- Cash Advance of up to 80% of your Credit Limit
- Convert your purchase into a 0% Easy Payment Plan
- Exclusive offers on electronics, jewellery, holidays, dining, furnishing and much more
- 1-night free stay at Rixos JBR
Additional Information
Eligibility:- Applicants for RAKBANK Emirates Skywards World Elite Mastercard Credit Card should be citizens or residents of the UAE
- Minimum monthly salary requirement for salaried applicants is AED 20,000
Terms & Conditions:- Eligibility for Skywards Miles will be calculated individually for every balance transfer request.
- Eligible Skywards Miles against the Balance Transfer will be credited to Emirates Skywards
membership account within a week of statement cycle. - Balance Transfer less than AED 25,000 will not qualify for any Skywards Miles
- Cards with Credit Balance will not be eligible for Balance Transfer.
- Balance Transfer cancellation can be done within 7 days of the request, in which case, the cancellation fee will be applicable as per Service and Price Guide.
- Balance Transfers processed during the campaign period from 1st Mar 2021 – 31st May 2021 will only be considered for bonus Skywards Miles.
** 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.
