Earn up to 10% cashback đź’°
The RACKBANK World Credit Card is not just another piece of plastic in your wallet; it’s a gateway to a world of benefits, rewards, and travel perks. Whether you’re a frequent traveler or looking to maximize your spending, this card promises to enhance your financial experience.
Overview of the RACKBANK World Credit Card
RACKBANK’s World Credit Card is designed for those who seek value in their spending. With attractive cashback rewards, extensive travel benefits, and lifestyle privileges, this card caters to a wide range of users. Let’s break down what makes this card stand out.
Cashback Rewards
One of the most appealing features of the RACKBANK World Credit Card is its cashback program. Here’s how it works:
- 10% cashback on travel and hotel spends.
- 10% cashback on supermarket purchases.
- 10% cashback on dining expenses.
- 3% cashback on retail spending.
This tiered cashback structure ensures that you earn more on the categories where you spend the most, making it a great choice for those who travel or dine out frequently.
Travel Benefits
If you love to travel, the RACKBANK World Credit Card provides an array of travel benefits that enhance your journey:
- Access to over 1,200 airport lounges worldwide.
- Exclusive travel perks, including six complimentary airport transfers.
- 10% cashback on hotel bookings made through Booking.com.
- VAT reclamation services with Global Blue VIP.
- 15% discount at IHG hotels.
These benefits are ideal for frequent travelers, ensuring that your journeys are comfortable and rewarding.
Lifestyle Privileges
The card also offers a variety of lifestyle perks that cater to your everyday needs:
- Exclusive entertainment and fashion offers.
- Discounts on shopping and fitness services.
- Special offers on Talabat for food deliveries.
This makes the card not only useful for travel but also for enhancing your lifestyle.
Insurance and Safety Features
Traveling can come with its share of risks, but the RACKBANK World Credit Card helps you travel with peace of mind:
- Comprehensive medical insurance for you and your family.
- Travel insurance letter generation for visa applications.
These features ensure that you are covered in case of any unforeseen events while traveling.
Eligibility and Fees
Before you apply, it’s crucial to understand the eligibility criteria and fees associated with the RACKBANK World Credit Card:
- You must be at least 21 years old.
- Must be a resident or citizen of the United Arab Emirates.
- A minimum monthly salary of 20,000 dirhams is required.
In terms of fees, the first year comes with no annual fee. However, a fee of 950 dirhams applies from the second year onwards. This annual fee can be waived if a minimum spend of 100,000 dirhams is achieved in the previous year. Additionally, the card incurs a finance charge of 3.65% per month.
Pros and Cons
Every card has its advantages and disadvantages. Here’s a quick look at what to expect with the RACKBANK World Credit Card:
Pros
- High cashback rates in multiple categories.
- Extensive travel and lifestyle benefits.
- No annual fee for the first year.
- Comprehensive insurance coverage.
Cons
- High annual fee after the first year.
- Finance charges can add up quickly if not managed properly.
- Eligibility criteria may exclude some potential applicants.
Who Should Consider This Card?
The RACKBANK World Credit Card is ideal for:
- Individuals who frequently travel and want to maximize their travel experience.
- Shoppers who spend significantly on dining, groceries, and retail.
- Anyone looking for comprehensive insurance coverage while traveling.
However, if you don’t spend much in these categories or prefer a no-fee option, this card may not be the best fit for you.
