This guide will walk you through the simple steps to request a RAKBank World Mastercard online. Whether you’re looking for premium rewards or exclusive travel perks, this card offers valuable benefits.
The application process is straightforward and can be completed entirely online. By the end of this guide, you’ll know precisely how to apply and make the most of this powerful credit card.
What Is The RAKBank World Mastercard?
The RAKBank World Mastercard is a premium credit card offering valuable rewards and benefits. It provides various advantages for those who want to maximize their spending.
Overview Of The Card And Its Features:
This card offers a competitive rewards program and exclusive privileges tailored to frequent travelers and high spenders.
It comes with worldwide coverage and added benefits for everyday expenses. Cardholders can also enjoy access to VIP lounges and special offers on various services.
Benefits For Cardholders:
Cardholders enjoy a wide range of benefits, such as:
- Up to 10% cashback on travel & hotel expenses.
- Up to 10% cashback on supermarket purchases.
- Up to 10% cashback on dining bills.
- 3% cashback on retail purchases.
- Discounted rates at VOX Cinemas.
- Secure Wallet coverage worldwide.
Why Choose This Card?
This card provides a variety of competitive features and benefits. It is designed to make travel and banking experiences more convenient and rewarding.
Competitive Features And Advantages:
Here are some of the key features:
- Access to over 1,200 airport lounges worldwide via the Mastercard Travel Pass.
- Seamless banking experience through the RAKBank app, allowing you to manage accounts and conduct secure transactions efficiently.
- Complimentary refreshments and snacks are available at participating airport lounges.
- Business facilities include internet, phones, and fax services in select lounges.
Comparison With Other Credit Cards In The Market:
This card stands out with its exclusive access to lounges and the added benefit of a digital banking platform for easy account management.
Many cards offer travel-related perks, but few include unlimited lounge access or business services while traveling.
Additionally, its cashback options and mobile app make managing finances more straightforward than most competing cards.
Special Perks:
Alongside its core benefits, this card offers special perks:
- Concierge service for personalized assistance.
- Travel benefits like complimentary airport transfers.
- Cashback on purchases to maximize your spending.
- Discounted services for travel, entertainment, and lifestyle.
Eligibility Criteria for the Card
To apply for this card, you need to meet specific criteria. These include age, income, residency, and document requirements.
Age Requirements
Applicants must be at least 21 years old to qualify. This age ensures that applicants can legally manage credit and other financial responsibilities.
Minimum Income Requirements
A minimum monthly income of AED 20,000 is required. This ensures that applicants can comfortably handle the financial obligations associated with the card.
Documents Needed for the Application
You will need to provide the following documents to apply:
- Valid government-issued ID (passport or national ID).
- Proof of UAE residency (utility bill or rental agreement).
- Proof of income (salary slip or bank statement).
- Credit report (if applicable).
Credit Score Considerations
A good credit score is essential for approval. A higher score demonstrates your ability to manage credit responsibly and ensures that the application is processed smoothly.
How to Request a Card Online?
Applying for the card online is a straightforward process. Follow these simple steps to complete your application.
Step-By-Step Guide to the Online Application Process
Here’s an easy-to-follow guide to apply online:
- Visit the Official Website: To begin, visit the official bank website. This is the first step to starting your application.
- Select the Card Option: Choose the World Mastercard option. This ensures you’re applying for the correct credit card.
- Fill in Personal and Financial Details: Provide your personal information, including name, address, and contact details. Then, enter your financial details, such as income and employment information.
- Submit Supporting Documents: Upload the necessary documents to verify your identity, income, and residency. Make sure everything is clear and legible.
- Review and Submit the Application: Double-check all the information you’ve provided. Once everything is correct, submit your application for review.
- Verification and Approval Process: Once submitted, your application will be verified. Afterward, you’ll receive an approval decision based on your eligibility.
Interest Rates and Fees
Knowing the interest rates and fees associated with the card is essential. This section covers the key cost-related details you need to understand.
Overview of Interest Rates on Purchases, Cash Advances, and Balance Transfers
The interest rates for purchases, cash advances, and balance transfers are typically charged monthly. These rates may vary depending on your creditworthiness and the bank’s policies.
Annual Fee for the Card
The annual fee for this card is applied each year. Make sure to check the current fee when applying, as it can impact the total cost of ownership.
Late Payment Fees and Other Charges
A late payment fee will be applied if the payment is not made by the due date. Other charges may apply for things like over-limit fees or returned payments.
Foreign Transaction Fees and Other Cost-Related Details
A foreign transaction fee will be charged for purchases made outside the country. Additionally, other fees may apply for services like cash withdrawals or foreign currency exchanges. Always review the details before using the card internationally.
What Happens After Submission?
Once you submit your application, a few steps will follow. Here’s what you can expect during the process.
What to Expect After Applying Online?
After you apply, you will:
- Receive a confirmation email acknowledging your application.
- Wait for the verification process to be completed.
- Be contacted if additional documents or information are required.
Timeline for Approval and Receiving the Card
The approval and card delivery process generally takes:
- 2-5 business days for approval after submission.
- The card will be delivered to your address in 7-10 business days.
How to Activate the Card Once Received?
Once the card arrives, here’s how to activate it:
- Follow the instructions included in the card package.
- Use the RAKBank app or call customer service to activate.
- You may also need to complete an identity verification step before activation.
RAKBank Contact Information
You can reach RAKBank at +971 4 213 0000 for any questions or assistance. The bank’s main office is on Sheikh Zayed Road, Dubai, UAE. Feel free to contact them for any support or service inquiries.
Disclaimer: The information provided here is for informational purposes only and is subject to change. Always consult RAKBank’s official website or their customer service for the most up-to-date details.
The Bottom Line: How to Easily Request a RAKBank World Mastercard Online
The RAKBank World Mastercard offers a range of valuable benefits for those looking to enhance their spending power. The online application process is simple and can be completed in just a few steps, making it convenient for busy individuals.
Make sure to meet the eligibility requirements and submit the necessary documents for quick approval. With this guide, you’re ready to enjoy the perks of a premium card and manage your finances effectively.