RAKBANK World Cashback Credit Card
10% cashback on travel, supermarkets & dining
at RAKBANK's secure site
Minimum spend criteria apply to the welcome bonus See rates & fees.
Cashback rate
Ten percent on groceries, restaurants and travel is a genuinely market-leading rate — and RAKBANK pays it in real , not points. But this is a card with a floor and a ceiling: spend less than 10,000 in a month and you get nothing; spend heavily and the 400/300/300 caps quietly flatten your effective rate. Know your monthly numbers before you apply.
Earning and redeeming cashback
The engine is simple once you see the two gates. Gate one: 10,000 of retail spend per statement cycle — miss it and the month pays nothing. Gate two: monthly caps — 10% on travel (to 400), supermarkets ( 300) and dining ( 300); other retail earns 1%, or 3% via e-wallets, up to a combined 250. Government, utilities, fuel, education and similar categories earn 0.25% capped at 50, and bank-channel payments earn nothing. Total ceiling: 15,000 a year.
Redemption is refreshingly direct: once you've accumulated 300, request it through the RAKBANK app or phone banking and it's credited as cash. Don't sit on it — cashback expires 15 months after it's earned.
Rates and fees
- Annual fee
- Free the first year (primary + first supplementary). From year two, 997.5 — waived entirely if you spent 100,000 in the previous year (RAKMoney Transfer, BT and cash transactions excluded).
- Interest rate
- 3.65% per month (43.8% annually); up to 55 interest-free days when you pay in full.
- Foreign transaction fee
- 2.57% of the transaction (charged on both foreign-currency and -denominated international transactions), plus ~1.15% Mastercard scheme processing charges.
- Cash advance
- 3.15% of the amount, minimum 105 (the general price guide shows 3.31% — KFS figure quoted); up to 80% of the card limit.
- Late payment / over-limit
- 241.5 late fee; 299.25 over-limit fee.
- Minimum payment
- 4% of the outstanding balance or 100, whichever is higher.
- Supplementary cards
- First one free for life; 210/year for each additional card.
- Minimum salary
- 20,000/month (self-employed: 500,000 quarterly turnover or 150,000 average quarterly balance).
Figures from RAKBANK's World Mastercard Key Fact Statement, cashback leaflet and Service & Price Guide, inclusive of 5% VAT. Rates are indicative and can change with 30–60 days' notice.
Card benefits
10% where families spend
Travel, supermarkets and dining all pay 10% back — up to 1,000 a month across the three categories once you clear the 10,000 spend gate.
Unlimited lounge access
Complimentary, unlimited access to global airport lounges, plus complimentary airport pick-up and drop-off services.
Careem Plus for a year
12 months of free Careem Plus membership — discounted rides, free delivery and member-only offers.
Travel cover & Secure Wallet
Comprehensive travel cover when you're away, and worldwide Secure Wallet protection for your cards.
VOX & talabat perks
Discounted VOX Cinemas tickets and exclusive talabat discounts, alongside fashion, entertainment, shipping and fitness offers.
E-wallet booster
Pay with Apple Pay-style e-wallets and other retail spend earns 3% instead of 1%, capped at 150 a month.
Pros and cons
- 10% cashback on travel, supermarkets and dining — among the highest category rates in the UAE
- First year free, and the 997.5 annual fee is waived if you spend 100,000 a year
- Unlimited complimentary airport lounge access plus airport transfers
- E-wallet retail spends earn a boosted 3% instead of 1%
- Cashback is real money — redeemed to the card via app or phone banking
- No cashback at all in any month you spend under 10,000
- Tight caps: 400 travel, 300 supermarkets, 300 dining and 250 other retail per month ( 15,000/year max)
- 2.57% foreign transaction fee plus ~1.15% scheme charges — poor for overseas spending
- Utilities, fuel, education, government and similar spends earn just 0.25%, capped at 50/month
- Cashback expires after 15 months and needs an 300 minimum to redeem
Is it right for you?
Get this card if
- You reliably spend 10,000+ a month, mostly on groceries, dining and travel
- You can push 100,000 a year through the card to keep it fee-free
- You want cashback in , not points with redemption rules
- You value unlimited lounge access on a cashback card
Consider skipping it if
- Your monthly spend swings below 10,000 — those months pay zero
- Much of your spending happens abroad — 2.57%+ FX eats the cashback
- Your big categories are utilities, fuel, education or rent (0.25%, capped at 50)
- You'd rather have uncapped flat-rate cashback
Alternatives to consider
Mashreq's Cashback card pays on a far lower spend commitment — less headline rate, fewer conditions to trip over.
Best cashback cards →
FAB's Cashback card trades the 10% headline for steadier flat-rate earning without a monthly spend gate.
Best cashback cards →
RAKBANK's Elevate flagship converts heavy spending into uncapped travel rewards with a 0% bank FX fee on its top tier.
Best travel cards →Not sure which way to go? Put them side by side in our card comparison tool or browse the full ranked list.
Frequently asked questions
Is there a minimum spend to earn cashback on the World Cashback Credit Card?+
Yes. You must spend at least AED 10,000 in total retail purchases in a statement cycle. If you don't reach it, no cashback is earned that month — including the 10% categories.
What cashback do travel, supermarket and dining spends earn?+
10% cashback on domestic and international travel (flights and hotel stays), supermarkets and dining worldwide — capped monthly at AED 400 for travel, AED 300 for supermarkets and AED 300 for dining. Spend above a cap earns nothing extra in that category.
What do other retail spends earn?+
A standard 1% (capped at AED 100/month), or 3% when paid via an e-wallet (capped at AED 150/month), with a combined monthly cap of AED 250. Spends that qualified for the 10% categories are excluded from this calculation.
What is the maximum cashback I can earn?+
AED 15,000 a year — up to AED 400 travel + AED 300 supermarkets + AED 300 dining + AED 250 other retail per month (AED 1,250/month across all categories).
Does the World Cashback Credit Card have an annual fee?+
There is no annual fee for the primary and first supplementary card in the first year. From year two, AED 997.5 (incl. VAT) applies only if you spent less than AED 100,000 in the previous year. The first supplementary card is free for life; each additional one costs AED 210.
Which transactions earn no or reduced cashback?+
Charities, government services, bill payments, schools, education, transit, transport, telecom, real estate and petrol earn 0.25% (capped at AED 50/month). Payments made through bank channels — IVR, internet/mobile banking, ATMs, branches — earn nothing, and refunded or cancelled transactions have cashback reversed.
How do I redeem my cashback, and does it expire?+
Call phone banking on 600 544 049 or use RAKBANK digital banking; the minimum redemption is AED 300. Cashback is valid for 15 months from the date earned and lapses if unredeemed.
What is the minimum salary for the RAKBANK World Cashback card?+
AED 20,000 per month for salaried applicants, or for the self-employed a quarterly turnover of AED 500,000 or an average quarterly account balance of AED 150,000. Applicants must be 21+ and UAE citizens or residents, and provide a security cheque.
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.