Ajman Bank ULTRACASH Credit Card

Joining is free. The annual fee is AED 315 for expatriates and AED 525 for UAE nationals. The monthly Murabaha profit rate is 3.5% (42% annually).

You choose 2 of 4 categories — fuel, education, grocery, or online shopping — and earn 5% cashback on spending in those two. Anything outside your two chosen categories earns a flat 1% cashback instead. Each selected category has its own separate monthly cap rather than a shared pool.

No. Fuel is capped at AED 400 per month and education at AED 200 per month, with no expiry stated. Grocery and online shopping are each capped at AED 100 per month. UAE nationals also earn 10% instead of 5% on fuel for the first 3 months after card issuance.

First-time cardholders get AED 500 as UAE nationals or AED 300 as expatriates after one retail transaction within 30 days of issuance, subject to paying the annual fee. Reapplicants do not qualify.

You need a minimum monthly salary of AED 10,000 and must be at least 21 years old. UAE residency is also required. No minimum credit limit is specified beyond these baseline eligibility rules.

You get 3 complimentary valet parking sessions per month at 35+ UAE locations, unlimited airport lounge access via Mastercard Travel Pass to eligible LoungeKey and Marhaba locations, and Mastercard Travel Offers with up to 30% off Cleartrip, up to 10% money back on Booking.com, 15% off IHG, 10% off Rentalcars.com and 20% off Avis. The KFS lists an AED 125 late-payment donation, AED 150 cash advance charge per transaction up to AED 5,000, and a 3.67% foreign-currency processing fee plus card-network charges.

Cashback is redeemed through the Ajman Bank Mobile Banking app. Unredeemed cashback expires automatically two years after the date it was earned.