RAKrewards
RAKrewards is RAKBANK's credit card points programme. Several RAKBANK cards earn the points, with redemption options that depend on the card and channel.
On the Elevate Credit Card, the bank's published example makes 180,000 RAKrewards points worth AED 1,440 against an eligible airline or hotel card transaction: AED 0.008 per point.
How RAKrewards works
Elevate earns 2 RAKrewards per AED on regular eligible spend in Prime, 3 in Plus, and 4 in Privilege. Insurance and supermarket purchases earn 0.6 points per AED, Economic Area transactions 0.5, and selected bills, government, fuel, transit and other categories 0.4, regardless of plan. Prime, Plus and Privilege are Elevate card plans with different monthly fees and benefits; they are not RAKrewards membership status tiers.
The AED 0.008 conversion shown here is for Elevate's airline and hotel statement-credit redemption. Other RAKrewards cards and portal rewards have their own redemption options; this conversion does not price those options.
What your RAKrewards balance is worth
What your points are worth
Program
Elevate RAKrewards
400AED
50,000 points via Elevate airline & hotel credit
On Elevate, redeem against eligible airline and hotel card transactions from the preceding 90 days in the RAKBANK app.
Based on the issuer’s published redemption rate; catalogue pricing and availability can still vary.
In the RAKBANK app's Rewards section, select an eligible airline (MCC 4511) or hotel (MCC 7011) purchase posted to your Elevate card within the preceding 90 days. You need at least 10,000 points. The bank credits the redeemed amount to the card within three to five working days. You can redeem a transaction in full or in part, but cannot redeem the same transaction again after a partial redemption. Unused points expire after 36 months and are forfeited when the card closes.
Why RAKrewards cards are worth it
1.
A published travel conversion
The bank's Elevate example shows the AED value of a point when it offsets an eligible airline or hotel card purchase.
2.
Choose an Elevate plan
Prime, Plus and Privilege earn 2, 3 or 4 points per AED on regular eligible spend, with separate fees and benefits on the card page.
3.
Book travel directly or through an eligible site
The purchase must post as an airline or hotel transaction under MCC 4511 or 7011. Check its classification before redeeming.
Sources and methodology
Programme rules come from the airline or issuer. Market estimates are labelled separately and are not guaranteed redemption rates.
RAKrewards credit cards
RAKBANK
Rakbank Elevate Credit Card
- Salary: AED 35,000+
- Tier fee from AED 51.45/month
- Up to 4 RAKrewards/AED
- Up to 3.2% travel value
- Privilege: 0% bank FX fee
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RAKrewards — FAQ
Get answers to common questions about credit cards, applications, and managing your finances in the UAE