Does the SIB Cashback Credit Card have an annual fee?

Yes, AED 199, but it's free for the first year. After that, the fee is waived with AED 10,000 in eligible retail spend in the previous year; otherwise AED 199 applies. There's no joining fee on this card.

How does the cashback earning work on this card?

You earn 10% cashback, capped at AED 300 per statement cycle, on eligible purchases made with saved cards on websites and apps, Samsung Wallet, and Apple Pay, both locally and internationally. Other foreign-currency retail spends outside the UAE earn 2% except EEA and specific-merchant transactions; eligible domestic retail spends earn 1%.

Do all purchases earn the same cashback rate?

No. Spending on education, government services, utilities, telecom, supermarkets and hypermarkets, fuel, real estate, quick service restaurants, insurance, auto dealers, public transport, road tolls/Salik, and charities earns 0.5% cashback. Foreign-currency purchases at merchants based in the European Economic Area earn 0.3%.

What are the eligibility requirements for the SIB Cashback Credit Card?

You need to be at least 21 years old with a minimum monthly income of AED 5,000. SIB also accepts applicants whose salary is paid to another bank. No minimum credit limit is specified for this card.

How does the airport lounge access benefit work?

The card includes free unlimited access to over 10 airport lounges across the UAE, KSA, Jordan, Kuwait, and Egypt via the Mastercard Travel Pass app. Separately, if your flight is delayed by 1 hour or more, you can also register for complimentary access to 1,300+ lounges in 135+ countries — registration must be completed at least 24 hours in advance in the Mastercard Travel Pass app.

What other fees apply beyond the annual fee?

Supplementary cards are free. Card replacement costs AED 78.75, and late payments carry a AED 236.25 fee that's donated to charity. Cash withdrawals cost the higher of AED 103.95 or 3.5% of the amount withdrawn, and foreign currency transactions carry a 2.5% fee, excluding Mastercard fees.

Since this is an Islamic card, how does it charge for carrying a balance?

Instead of conventional interest, SIB applies a Monthly Profit Rate of 3.49% (41.88% per annum) on outstanding balances under the Sharia-compliant Murabaha/Wakala structure — SIB's equivalent of conventional interest.

How do I redeem SIB Cashback rewards?

Redeem via the SIB Digital app or the call center, with a minimum of AED 100 to redeem. Cashback posts as a statement credit but does not offset your minimum payment due, and unredeemed cashback expires 36 months after it's earned.