Ajman Bank ULTRACASH Credit Card

Joining is free, but the card carries an annual fee of AED 315. The card's terms don't mention any spend-based waiver for that fee, so plan on paying it every year regardless of usage. If you carry a balance, note the monthly purchase rate is 3.45% (41.4% per annum).

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 also capped at AED 200 per month for now, but that drops to AED 100 per month from 1 October 2026. Fuel currently offers the highest monthly ceiling of the four.

New cardholders can earn up to AED 500 as cashback during the first months of card usage. It's paid out as cashback rather than points, miles, or a flat one-time credit. The exact spend thresholds needed to reach the full AED 500 aren't detailed beyond that, so check Ajman Bank's own terms for the breakdown.

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 select UAE locations, unlocked once you spend AED 5,000 in a month. On fees, a late payment costs AED 241.5, a cash advance costs 3.15% of the transaction or AED 105 (whichever is higher), and international transactions add a 1.99% fee.