RAKBANK credit cards
National Bank of R.A.K P.J.S.C is licensed by the Central Bank of the UAE. Its credit card terms as published on 12 November 2026: interest on purchases and cash 3.65% a month; 0.5% more if the account was past due in the previous statement.
National Bank of R.A.K P.J.S.C is on the Central Bank of the UAE’s register as a national bank licensed for conventional retail banking in Ras Al Khaimah.1 The figures below are quoted from its own published documents and include VAT where the bank says so.
What does a RAKBANK credit card cost you?
| Charge | What the bank publishes |
|---|---|
| Interest on purchases and cash | 3.65% a month; 0.5% more if the account was past due in the previous statement |
| Annual fee | Free on most cards; AED 997.50 on World after the first year unless you spent AED 100,000; AED 420 on Air Arabia |
| Minimum payment | 4% or AED 100, whichever is higher |
| Late payment fee | AED 241.50 |
| Over-limit fee | AED 299.25 |
| Cash advance fee | 3.31% or AED 105, whichever is higher; cash limit 80% of the credit limit |
| Foreign currency fee | 2.57%, on foreign currency and on AED payments abroad |
| Merchant instalment plans | AED 51.45 for 3 or 6 months, 1.58% for 9 months, 2.10% for 12 months |
| Closing a plan early | AED 261.45 plus the current month’s interest |
| Card replacement | AED 52.50 through digital banking, AED 78.75 otherwise |
| Liability or no liability letter | AED 52.50 |
The figures come from Consumer Credit Card Service and Price Guide (With effect from 13 May 2025).2
RAKBANK’s guide says finance charges apply from the date of each transaction until it is paid in full, and that an international remittance from the card counts as a cash advance.2
What salary do you need for a RAKBANK card?
Central Bank rules allow a card only for an annual income of at least AED 60,000, or against a pledged deposit of at least AED 60,000.3 RAKBANK publishes these minimums:45
| Card | Minimum monthly salary |
|---|---|
| RED Credit Card | AED 5,000 |
| Elevate Credit Card | AED 35,000 |
How do you complain to RAKBANK?
Use the bank’s official complaint channel and keep the reference number. Under Central Bank rules RAKBANK must acknowledge your complaint within 2 business days and send a final written answer within 30 business days.6 If you are not satisfied after 15 calendar days, you can go to Sanadak. The steps are in how to complain about your bank.
Read the bank’s key facts statement for your card before you sign, and compare its rate in the interest calculator.
Sources
6
1Central Bank of the UAE, CB Register as of June 2025. Last checked 12 Nov 2026. Source document: CB Register as of June 2025
2RAKBANK, Consumer Credit Card Service and Price Guide, With effect from 13 May 2025. Last checked 12 Nov 2026. Source document: Consumer Credit Card Service and Price Guide
3Central Bank of the UAE, Regulation No. 29/2011 Regarding Bank Loans and Other Services Offered to Individual Customers, Article (5) Credit Cards. Effective 23 Mar 2011. Last checked 12 Nov 2026. Source document: Regulation No. 29/2011 Regarding Bank Loans and Other Services Offered to Individual Customers, Article (5) Credit Cards
4RAKBANK, RED Credit Card. Last checked 12 Nov 2026. Source document: RED Credit Card
5RAKBANK, Credit cards. Last checked 12 Nov 2026. Source document: Credit cards
6Central Bank of the UAE, Consumer Protection Standards, Notice 1158/2021, in force. Last checked 12 Nov 2026. Source document: Consumer Protection Standards
- Owner
- Comparecreditcards.ae research team
- Last review
- Next review due
- 11 May 2027
- Status
- Published