TL;DR: To get a RAKBANK Titanium Credit Card, you’ll generally need a minimum monthly salary of AED 8,000 as a salaried individual in the UAE. It’s a free-for-life card with decent cashback on supermarkets, dining, and cinemas!
Hey everyone, if you’re eyeing that RAKBANK Titanium Credit Card, you’re probably wondering what it takes to get your hands on it. It’s a popular choice for its no annual fee and cashback benefits. Let’s break down the requirements and what you can expect.
RAK Titanium Credit Card Requirements: What You’ll Need
Getting a credit card in the UAE, especially from a reputable bank like RAKBANK, involves meeting a few key criteria. For the RAKBANK Titanium Credit Card, based on current information, here are the typical requirements:
- Minimum Monthly Salary: This is usually the biggest factor. For salaried individuals, the general requirement for the RAKBANK Titanium Credit Card is AED 8,000 per month. Some older information might state AED 5,000, but recent data from RAKBANK and comparison sites indicates AED 8,000 as the current minimum for this specific card.
- Age: You need to be at least 21 years old to apply for a credit card in the UAE.
- Residency: You must be a UAE resident or citizen.
- Credit Score: Banks always check your credit score (from Al Etihad Credit Bureau). Having a good credit score and a history of responsible debt repayment is crucial for approval.
- Employment Status: You can be a salaried employee or self-employed. If self-employed, the bank will look at your business’s financial health, often requiring a certain quarterly turnover or average account balance (e.g., AED 100,000 quarterly turnover or AED 300,000 average quarterly balance for some cards, though specific to Titanium might differ, bank statements are key).
- No Salary Transfer Required: A big plus for the RAKBANK Titanium Credit Card is that it does not typically require your salary to be transferred to RAKBANK. This offers flexibility.
Documents You’ll Need to Submit
When you apply, you’ll generally be asked for the following documents:
- Valid Emirates ID: Original and a copy for identity verification.
- Valid Passport with Residency Visa: Original and a copy (for expatriates, for identity and address verification).
- Salary Certificate: Addressed to RAKBANK, usually not more than one month old, especially if your salary varies by more than 10%.
- Latest 3-6 Months Bank Statements: To verify your regular income and financial activity.
- Security Cheque: For the value of the credit limit (standard practice in the UAE).
- Trade License: If you are self-employed (original and a copy).
- Utility Bill or Tenancy Contract: Sometimes requested for address verification.
What the RAK Titanium Card Offers
Beyond the eligibility, it’s good to know what benefits you’d be getting:
- No Annual Fee: This card is typically “free for life,” meaning no annual fees, which is a major advantage.
- Cashback:
- 5% cashback on supermarket and dining spends (worldwide).
- Up to 50% cashback on cinema spends.
- Up to 50% cashback on video streaming subscriptions.
- 1% cashback on other retail spends (can go up to 2% for e-wallet transactions like Apple Pay, Samsung Pay, Google Pay).
- Reduced cashback (often 0.25%) on categories like government spends, fuel, utilities, telecom, real estate, charities, education, etc.
- Minimum monthly spend of AED 2,000 often required to unlock all cashback benefits.
- Monthly cashback caps apply (e.g., AED 100 for supermarket/dining, AED 100 for cinema, AED 100 for streaming).
- Other Benefits: Complimentary travel accident insurance, discounts on Careem rides, 0% Easy Payment Plans, and access to Mastercard’s “Buy 1 Get 1 Free” offers via their app.
Why Banks Have These Requirements
Banks set eligibility criteria for credit cards for several reasons:
- Risk Assessment: The minimum salary and good credit score requirements help banks assess your ability to repay borrowed funds. It reduces the risk of default.
- Regulatory Compliance: Banks operate under regulations set by the UAE Central Bank, which often includes guidelines for responsible lending.
- Product Suitability: Different cards are designed for different income brackets and spending habits. The Titanium card is positioned for a segment that can benefit from its cashback on everyday spending.
- Operational Costs: Managing credit cards involves costs. The requirements ensure that the customer base is financially stable enough to sustain the product’s benefits.
These requirements aren’t typically something that experiences “outages” or “can’t be fixed” by users. They are standard banking policy. If you don’t meet the salary requirement for the Titanium card, RAKBANK (or other banks) might offer you a different card that aligns with your income.
When to Call Support & the Number
If you have specific questions about your eligibility for the RAKBANK Titanium Credit Card, need clarification on documents, or want to apply, here’s how to reach them:
RAKBANK Customer Service (Conventional Banking): 600 54 4049
What to tell them:
- Clearly state you are interested in applying for the RAKBANK Titanium Credit Card.
- Ask about the most up-to-date eligibility criteria, especially regarding salary if you’re close to the threshold.
- Confirm the exact documents required based on your employment status (salaried or self-employed).
- Inquire about the application process and expected timelines.
They can guide you through the latest requirements and help you with the application process.
The RAKBANK Titanium Credit Card is a solid option for those looking for a no-annual-fee card with good cashback on daily essentials. Just make sure you meet the salary and other basic requirements before you apply!Source: RAK Titanium CC Requirements : r/UAEcreditcards
