Reward Features
Earn Cashback
- Earn up to 1% cashback on all international & domestic spends.
- Maximum cashback on both international and domestic spends per billing cycle is AED 300.
- Government spend, real estate, telecom, fuel & utilities will earn 0.25% cashback per 1 AED spent.
Features
Travel Accident & Medical cover
Personal Accident Insurance up to USD 150,000.
Purchase Protection
Insured for loss of a covered purchase due to accidental damage or theft occurring within 30 days from the date of purchase. Cover up to $1,000 per item, $4,000 per occurrence & $8,000 per annum.
Extended Warranty
It doubles the repair period offered by the original manufacturer ’s warranty for up to 1 year, protecting you against the cost of repair and replacement of an item.
Lowest Minimum monthly payment of just 3%
Privileged discounts on dining and shopping
Enjoy great dining offers from RAKfeast!
0% Easy Payment Plan
Convert your purchase into a 0% Easy Payment Plan, for 3, 6, 9 or 12 months, at a wide range of participating merchants.
Personal Accident Insurance up to USD 150,000.
Purchase Protection
Insured for loss of a covered purchase due to accidental damage or theft occurring within 30 days from the date of purchase. Cover up to $1,000 per item, $4,000 per occurrence & $8,000 per annum.
Extended Warranty
It doubles the repair period offered by the original manufacturer ’s warranty for up to 1 year, protecting you against the cost of repair and replacement of an item.
Lowest Minimum monthly payment of just 3%
Privileged discounts on dining and shopping
Enjoy great dining offers from RAKfeast!
0% Easy Payment Plan
Convert your purchase into a 0% Easy Payment Plan, for 3, 6, 9 or 12 months, at a wide range of participating merchants.
Features
- Travel Accident & Medical cover
- Purchase Protection
- Extended Warranty
- Privileged discounts on dining and shopping
- 0% Easy Payment Plan
** 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.