- Annual fee
- See bank
- Minimum monthly salary
- AED 35,000
- Welcome bonus
- Up to AED 1,000 in RAKrewards (See RAKBANK's terms).
No annual fee. A monthly tier fee applies unless you meet that month's spend: Prime AED 49 + VAT (waived at AED 5,000), Plus AED 99 + VAT (AED 10,000), Privilege AED 299 (AED 20,000). First 3 months of Privilege free.
Our take
A premium travel card with three monthly tiers, up to 3.2% back on flights and hotels, zero FX fees and a long list of lifestyle perks.
Good for
Big spenders (AED 35,000+ salary) who travel often and use the perks.
Watch out for
Monthly tier fees up to AED 299 apply in any month you miss the spend target.
Written by Joe Hickman from RAKBANK's published terms. Not personal advice.
What it's worth in practice
Elevate swaps an annual fee for a monthly one you avoid by spending. On the Privilege tier, spend AED 20,000 in a month and there's no fee. At up to 4 RAKrewards per dirham, that's up to 80,000 points a month, which RAKBANK says is worth up to 3.2% when redeemed on flights and hotels: up to about AED 640 a month. There's no foreign transaction fee, which is rare at this level. If your spending swings month to month, Citi Prestige charges one fixed AED 1,575 a year instead. The catch: any month you miss the target costs AED 299 on Privilege (AED 99 + VAT on Plus, AED 49 + VAT on Prime), and you need a AED 35,000 salary.
What you need
| Minimum salary | AED 35,000 a month |
|---|---|
| Welcome bonus | Up to AED 1,000 in RAKrewardsSee RAKBANK's terms |
Taken from RAKBANK's own page. Spend rules usually count retail purchases only, not cash, bills or government payments, unless the bank says otherwise.
How it compares
RAKBANK doesn't publish this card's annual fee on the product page, so check the schedule of charges before applying. The AED 35,000 minimum salary compares with a typical AED 20,000 for travel & miles cards; 26 of 26 ask for less. It has a welcome offer right now, as do 42 of the 44 other travel & miles cards.
RAKBANK has 4 other cards on MoneyVS: RAKBANK Air Arabia Platinum, RAKBANK World Cashback, RAKBANK Red Cashback, RAKBANK Titanium Cashback.
Compared with the 45 travel & miles cards on MoneyVS, using each bank's published figures as of 2 Nov 2026.
What you earn
- Up to 4 RAKrewards per AED (up to 3.2% back) when redeemed on flights and hotels
- 0.4 points per AED on government, bills, fuel, real estate and similar
- Zero foreign transaction fees
Included benefits
- Airport lounges
- Airport transfers
- Cinema offers
- Concierge
- Gym access
Many benefits need a minimum monthly spend or app registration. Check the bank's terms.
RAKBANK Elevate: common questions
What salary do I need for the RAKBANK Elevate?
RAKBANK asks for a minimum monthly salary of AED 35,000.
Does the RAKBANK Elevate have an annual fee?
RAKBANK doesn't publish the annual fee on its product page. Check the bank's schedule of charges.
How do I get the RAKBANK Elevate welcome bonus?
Up to AED 1,000 in RAKrewards: see RAKBANK's terms.
How do the RAKBANK Elevate monthly fees work?
There's no annual fee. Each month you pay the tier fee unless you hit that tier's spend: Prime AED 49 + VAT (waived at AED 5,000), Plus AED 99 + VAT (AED 10,000), Privilege AED 299 (AED 20,000). The first 3 months of Privilege are free.
Does RAKBANK Elevate charge foreign transaction fees?
No. RAKBANK lists zero foreign transaction fees.
Compare with
- Citi Prestige: the closest alternative
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- Airport lounges
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