Credit Cards Service Charges

Credit Cards Services

Charge*

Early Credit Card Renewal Free
Card replacement request 100
Block Credit Card Free
Unblock Credit Card Free
Change Credit Limit Free
Setup Standing Instruction Free
Amend Standing Instruction Free
Redeem Cash Back - Credit Card Free
Balance Transfer - Processing Fee Free
Balance Transfer - Finance Charges per month 1.50%
Credit Card Cheque - Processing Fee 1% (Min Charge* 50, Max Charge* 250)
Credit Card Cheque - Finance Charges per month 2.25%
Reissue Credit Card PIN Free
Setup Credit Card PIN Free
Smart Cash - Processing Fee 100
Smart Cash - Finance Charges per month 2%
Duplicate Card Statement Request 50 for each statement (Before last statement)
Change Billing Date Free
Easy Payment Plan -Processing Fee 6 months 0.5%
9 months 1.5%
12 months 2.0%
Easy Payment Plan - Cancellation Fee 249 per EPP
*
All charges quoted are in AED
In line with the UAE's Value Added Tax (VAT) implementation from 1st January 2018, VAT at the rate of 5% will be levied on RAKBANK's fees and charges specified herein, wherever applicable and as per UAE law.
Please note that for cancelling the EPP, please call our 24*7 Phone banking service