PayperWIZ

RAKBANK RED cashback rate, cap and annual fee

RAKBANK RED pays 1.5% at months with AED 3,000 or more of spending, and 8 other rates. Nothing at all below AED 1,000 of spending a month — AED 12,000 across a year.

This is information about each card's published terms, not a recommendation to apply. PayperWIZ arranges no credit and is paid nothing by any bank or card issuer.

RAKBANK · United Arab Emirates · catalogue v117

Read from RAKBANK's own published terms on 29 Oct 2026.

NoneAnnual fee
AED 1,000Minimum monthly spend
AED 300Cap across the whole card
1.5%Best rate

What it pays, by category

SpendingRateMonthly cap
months with AED 3,000 or more of spendingeverything else1.50%—1.5% in a month of AED 3,000 or more.
everything else1.00%—1% on retail spending in a month of AED 1,000 to 2,999, at home and abroad.
government0.25%—Government services and bill payments, on RAKBANK's reduced list, 0.25%.
education0.25%—Schools and education, on RAKBANK's reduced list, 0.25%.
phone and internet0.25%—Telecommunication, on RAKBANK's reduced list, 0.25%.
rent and property0.25%—Real estate, on RAKBANK's reduced list, 0.25%.
fuel0.25%—Petrol and gas stations, on RAKBANK's reduced list, 0.25%.
transit and transporttravel0.25%—Transit and transport, on RAKBANK's reduced list, 0.25%.
charitieseverything else0.25%—Charities, on RAKBANK's reduced list, 0.25%.
Free for life. The tiers the Key Fact Statement left out are on RAKBANK's own card page, in its FAQs: nothing until the month's spending reaches AED 1,000, then 1%, and 1.5% from AED 3,000. AED 300 of cashback a month at most, AED 100 to redeem, valid 15 months. Charities, government, bills, schools, transit, telecoms, real estate and petrol earn 0.25%, and nothing bought through RAKBANK's own app, website, phone line or ATMs earns at all. Fixed: the entry said Visa; RAKBANK's KFS is for the RED Mastercard. Source: rakbank.ae RED Credit Card page and its FAQs, and the RED Credit Card Key Fact Statement, read 29 Oct 2026.

Questions people ask

What cashback does the RAKBANK RED pay?

1.5% at months with AED 3,000 or more of spending, and 8 other rates.

Is there a cap on the RAKBANK RED?

Yes — AED 300 a month across the whole card, however you split your spending.

What is the annual fee on the RAKBANK RED?

No annual fee.

Is there a minimum spend on the RAKBANK RED?

Yes — AED 1,000 a month. Below that the bonus rates do not apply at all, which is the condition most comparison tables leave out.

Knowing the rate is not the same as remembering it

PayperWIZ holds the cards you actually own and names the right one at the till — after the cap you have already used this month, and after the foreign-currency fee. Every rate in it says where it came from, the way this page does: read off the issuer and dated, or marked indicative.

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Other United Arab Emirates cards read off the issuer