No. RAKBANK's Key Facts Statement and Service & Price Guide both confirm this card has no joining fee and no annual fee, for life.
RAKBANK High Flyer Platinum Credit Card
Free-for-life RAKBANK Mastercard Platinum earning RAKrewards points, plus 4 airport lounge visits a year via Priceless. No welcome bonus is currently published for this card.
Updated Aug 2026
≈ AED 16,000 potential value / year · incl. perks
Rewards
1.75RAKrewards
per AED 1 on UAE spend, rising once your monthly total hits AED 15,000.
Earn 1.75 RAKrewards per AED on UAE spend; the whole month's rate rises to 3 per AED once that month's UAE total reaches AED 15,000. Domestic points are capped at 175,000 a month.
See full breakdown3RAKrewards
per AED 1 on international spend, rising once your monthly total hits AED 15,000.
Earn 3 RAKrewards per AED abroad; the whole month's rate rises to 5 per AED once that month's international total reaches AED 15,000. International points are capped at 175,000 a month.
See full breakdown50RAKrewards
per AED 1 at the cinema, once your overall monthly card spend reaches AED 5,000.
Cinema spend earns 50 RAKrewards per AED once your total monthly card spend reaches AED 5,000, capped at 10,000 points a month.
See full breakdown0.35RAKrewards
per AED 1 on charity, government, bills, education, transport, telecom, real estate and fuel.
These categories earn a flat reduced rate of 0.35 RAKrewards per AED, both in the UAE and abroad, regardless of monthly spend.
See full breakdownUp to 30%
extra RAKrewards points as a quarterly bonus on higher retail spend.
Quarterly retail spend of AED 15,000-19,999 earns a 10% points bonus, AED 20,000-24,999 earns 20%, and AED 25,000+ earns 30%, each with its own cap for that quarter.
See full breakdownRewards Calculator
Eligibility
21
Minimum Age
10,000AED
Minimum Income
Self-employed applicants
Average quarterly account balance of AED 100,000 and quarterly credit turnover of AED 300,000, as an alternative to the salary requirement.
Security cheque required
A security cheque for the value of your approved credit limit is required at issuance.
Conventional product only
This is a conventional (non-Islamic) credit card.
Documents ready
Emirates ID + passport with residence visa
Have your Emirates ID and passport with residence visa on hand — UAE banks require these for any credit card application.
Check your AECB report
Recent rejections or missed payments can stall approval
A recent credit-card rejection or missed payment on your AECB report is one of the most common reasons a UAE card application stalls — worth checking your report before applying if you're unsure.
August Spotlight
Emirates NBD
Three Emirates NBD credit cards spanning everyday rewards to premium travel — the ENBD noon One Visa Card earns up to 20% back as noon Credits on noon Food with no annual fee, the ENBD Voyager World Credit Card earns 6 Voyager Miles per AED 1 on the Voyager Travel Portal with complimentary airport lounge access, and the premium ENBD Voyager World Elite doubles that to 12 Voyager Miles per AED 1 with added airport transfers and fast-track privileges.
EMIRATES NBD
ENBD noon One Visa Credit Card
Salary: AED 5,000+
No Annual Fee
Welcome Bonus: AED 500 when you spend AED 5,000 in the first two months
Get 20% back as noon credits when you spend on noon food
Get 5% back as noon credits when you spend on noon
EMIRATES NBD
ENBD Voyager World Credit Card
Salary: AED 12,000+
75,000 Miles after AED 35,000 spend
No Annual Fee
6 Voyager Miles on every AED spent on Voyager Travel Portal
3 Voyager Miles on every AED spent on other travel bookings
EMIRATES NBD
ENBD Voyager World Elite Credit Card
Salary: AED 25,000+
150,000 Miles after AED 70,000 spend
No Annual Fee for the first year
12 Voyager Miles on every AED spent on Voyager Travel Portal
6 Voyager Miles on every AED spent on other travel bookings
Additional Benefits
Mastercard Airport Pass
Up to 4 complimentary airport lounge visits a year via the Mastercard Airport Pass.
Access to 1,200+ lounges worldwide via the Mastercard Airport Pass on Priceless.com. Spend a minimum of USD 1 on a cross-border transaction to unlock 3 months of access, up to 4 visits a year.
See full breakdownAvis Car Rental Discount
Up to 20% off your next Avis car rental, plus a complimentary upgrade.
Up to 20% off your next Avis car rental booking, plus a complimentary upgrade on every rental, via priceless.com.
See full breakdownComplimentary Travel Insurance
Complimentary travel insurance is included as a card feature.
RAKBANK's Key Facts Statement lists complimentary travel insurance as a card feature. No coverage amount or specific terms are published — confirm details with RAKBANK before relying on it.
Purchase Protection
Complimentary cover against theft or accidental damage on eligible purchases.
Complimentary Purchase Protection covers eligible purchases against theft or accidental damage, per RAKBANK's Key Facts Statement. No coverage limit or claim process is published.
RAKprotect Insurance (Optional)
Optional RAKprotect insurance with Oman Insurance, for a nominal monthly fee.
Optional RAKprotect insurance, offered with Oman Insurance, adds extra protection for a nominal monthly fee. RAKBANK does not publish the exact fee or coverage terms.
Credit Shield Insurance (Optional)
Optional cover for outstanding dues, for 1.04% of your monthly statement balance.
Optional Credit Shield Insurance covers your outstanding dues in unforeseen circumstances, charged at 1.04% of your monthly statement balance.
RAKMoneyTransfer
Send money abroad through RAKMoneyTransfer for a nominal per-transaction fee.
RAKMoneyTransfer lets you send money abroad directly from your card, charged at a nominal per-transaction fee per RAKBANK's published fee schedule.
Fees
Free
Joining Fee
Free
Annual Fee
Free for life; no fee applies in year two or beyond.
3.65%
Monthly Finance Charge
3.65% per month (43.8% APR) on outstanding balances after the due date.
Cash Advance Fee3.31%*
*3.31% of the amount or AED 105, whichever is higher. Cash advance limit up to 80% of your credit limit.
Card Replacement FeeAED 52.5*
*AED 78.75 if requested through channels other than digital banking.
Over-Limit FeeAED 299.25
Late Payment FeeAED 241.5*
*Charged per payment delay.
Duplicate Statement FeeAED 47.25*
*Per statement requested, before the last statement.
Returned Cheque FeeAED 105
Foreign Currency Transaction Fee2.57%*
*Applies to non-AED and AED cross-border transactions, on top of the network's ~1.15% processing fee.
Credit Shield Insurance1.04%*
*Optional cover for outstanding dues, charged monthly on your statement balance.
Liability Letter FeeAED 52.5*
*Per letter requested.
Frequently Asked Questions
Get answers to common questions about RAKBANK High Flyer Platinum Credit Card credit card
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