Ajman Bank LIFE Cashback Card
Free for life, with up to 50% cashback on everyday treats
at Ajman Bank's secure site
See rates & fees.
Cashback rate
The LIFE Platinum earns its keep the day you stop paying for a card you barely use — it's free forever, Shariah compliant, and still throws in unlimited lounge access and valet parking. Just don't build a cashback strategy around it: the 50 per-category caps turn those 50% and 10% headline rates into pocket money.
Earning cashback with the LIFE card
The LIFE card pays fixed-category cashback: 50% on refreshments and snacks, 10% at Amazon, noon and Careem, 5% on dine-in restaurants and 1% on everything else. On the free Platinum tier every category is capped at 50 a month, with total cashback capped at 200 a month — the cashback month runs from the 11th to the 10th. You must also put at least 3,000 of authorized transactions through the card in the statement cycle, or that cycle pays nothing.
The LIFE World variant ( 600 a year, waived on 5,000 spend within 60 days of issuance) doubles the caps to 100 per category, lifts dine-in to 7%, adds 5% on international spend and carries the 1,000 welcome bonus ( 10,000 spend in 60 days). The bank's page doesn't say how cashback is paid out, so check the LIFE Reward Program terms for redemption mechanics.
Rates and fees
- Annual fee
- 0 — LIFE Platinum is free for life. LIFE World: 600, waived on 5,000 spend within 60 days of issuance.
- Murabaha profit rate
- 45.6% per annum fixed (about 3.8% a month), applied when you don't pay the total outstanding in full.
- Foreign-currency fee
- 3.5% of the transaction value, in addition to the standard Visa/Mastercard scheme processing fee.
- Cash advance
- 150 per transaction, applied per transaction up to 5,000.
- Late payment
- 125 commitment-to-donate amount — donated to charity under Shariah-committee supervision, not kept as bank income.
- Supplementary cards
- First 2 free, then 50 per card per year.
- Card replacement
- 75 per request.
Fees are from the Ajman Bank credit card Key Facts Statement (May 2025) and are exclusive of 5% VAT.
Card benefits
Unlimited lounge access
Complimentary entry to 25+ LoungeKey and Marhaba lounges across the UAE, Saudi Arabia, Egypt, Europe, the US and Asia.
Valet parking 3x a month
Free valet parking three times a month at more than 35 locations across the UAE.
Airport transfer & Meet + Greet
Airport transfer within the UAE and a Meet & Greet usher service at the airport are listed among the card's benefits.
Tee-Time golf round
A complimentary golf round is included; booking details aren't published on the card page.
50% back on snacks
Refreshments and snacks earn 50% cashback — capped at 50 a month on the free Platinum tier.
Mastercard travel offers
Up to 30% off Cleartrip, 10% back at Booking.com, 15% off IHG Hotels, 20% off Avis and 10% off Rentalcars.com.
Pros and cons
- Genuinely free for life — no annual fee, ever
- Standout 50% cashback rate on refreshments and snacks
- 10% online cashback at Amazon, noon and Careem
- Unlimited LoungeKey and Marhaba lounge access at 25+ lounges
- Valet parking 3x a month, plus golf and UAE airport transfer perks
- Tiny caps: 50 per category and 200 total cashback a month
- No cashback at all unless you spend 3,000 in the statement cycle
- 3.5% foreign-currency fee, plus the card scheme's own processing fee
- 45.6% per annum Murabaha profit rate if you carry a balance
- The 1,000 welcome bonus applies to the LIFE World variant only
Is it right for you?
Get this card if
- You want a genuinely free, Shariah-compliant card you can keep forever
- You reliably spend 3,000+ a month and buy snacks, dining and online often
- You value lounge access and valet parking more than maximum cashback
Consider skipping it if
- You want meaningful cashback volume — the 200 monthly ceiling is quickly hit
- You spend a lot in foreign currency (3.5% fee plus scheme charges)
- You sometimes carry a balance — the 45.6% p.a. profit rate is punishing
Alternatives to consider
ULTRACASH lets you pick two 5% categories — fuel, online shopping, supermarkets or school fees — instead of LIFE's fixed buckets.
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Emirates Islamic's Cashback card is a rival Shariah-compliant cashback play from a bigger Islamic bank.
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Ajman Bank's BRight World earns BRight rewards on all spends for flights and hotels — with a 0% foreign-currency processing fee.
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Frequently asked questions
Is the Ajman Bank LIFE card really free?+
The LIFE Platinum card is free for life with no annual membership fee. The LIFE World variant carries an AED 600 annual fee, waived if you spend AED 5,000 within 60 days of card issuance.
What is the minimum salary for the LIFE card?+
You need a minimum monthly salary of AED 10,000 to apply.
How much cashback can I actually earn?+
On LIFE Platinum, each category is capped at AED 50 a month and total cashback at AED 200 a month (cycle runs from the 11th to the 10th). You must also spend at least AED 3,000 in the statement cycle to qualify. LIFE World caps are AED 100 per category, up to AED 400 plus other retail spend, with an AED 5,000 minimum spend.
Is the 50% cashback on snacks real?+
Yes — refreshment and snack purchases earn 50% cashback, but it is capped at AED 50 a month on the Platinum card, so it effectively covers about AED 100 of snack spend.
Is the LIFE card Shariah compliant?+
Yes. It is structured under the Islamic principle of Murabaha, and instead of a late-payment interest charge there is an AED 125 commitment-to-donate amount that goes to charity under the supervision of the Internal Shariah Supervision Committee.
Does the LIFE card include airport lounge access?+
The page advertises unlimited complimentary access to more than 25 LoungeKey and Marhaba lounges across the UAE, Saudi Arabia, Jordan, Kuwait, Egypt, Morocco, the USA, UK, Canada, Germany, France, Singapore and more.
Is there a welcome bonus?+
The advertised welcome bonus of AED 1,000 cashback applies to the LIFE World card only, and requires AED 10,000 of spend within 60 days of card issuance. There is no welcome bonus on the free LIFE Platinum.
Editorial disclaimer: Opinions expressed here are the author’s alone, not those of any bank or card issuer, and have not been reviewed, approved or otherwise endorsed by any of these entities.