Banks offer a wide range of credit card offers and rewards for the cardholders. Cashback is one such reward system wherein the cardholder is paid a small percent of the expenses that are made using the credit card. Many banks offer a credit back to the card account with some give the cardholder an option of redeeming the cashback points for discounts, air miles, and other products/services. Cashback can be provided monthly or annually depending on the policy of the bank.
Let’s look at a few banks and financial institutions that offer best cashback credit cards in UAE:
|Credit Card ||Cashback Offered|
|ADIB Cashback Visa Platinum Card||1% on every purchase|
|CBD Super Saver Credit Card||10% at Supermarkets, Education, Transport, etc.|
|Najm One Cashback Card||10% on every purchase|
|SimplyLife Cashback Credit Card||1.5% on every purchase|
|RAK Bank Titanium Credit Card||5% at Supermarkets and Restaurants|
|Standard Chartered Platinum Credit card||Upto 2% on every purchase|
1. Abu Dhabi Islamic Bank [ADIB]
ADIB offers cashback cards to reward cardholders for using their cards. It provides different cashback cards, amongst which ADIB Cashback Visa Platinum Card is known for the cashback provided on every usage of the card.
ADIB Cashback Visa Platinum Card
- 1% cashback on each and every purchase made using the card
- 100% of the card limit can be withdrawn as cash
- Up to 55 days of grace period for a monthly payment
- No annual fees on four supplementary cards
- Free access to Airport Lounges around the world via Veloce Lounge
- Free roadside assistance
- Free valet parking privileges
2. Commercial Bank of Dubai
CBD provides several credit cards to fulfill the various benefits of their customers. Amongst the different credit cards provided, CBD Super Saver Credit Card is one of the best cashback credit cards in the UAE. It offers high cashback on every purchase made using the card. Along with the cashback it also provides travel and movie benefits as well.
CBD Super Saver Credit Card
- CBD Super Saver Card was awarded as the "Most Innovative Card of the Year" at the Seamless Middle East Awards, 2019"
- Can earn 10% cashback on retail spendings like utility bills, telecom bills, education, supermarket, transport, etc.
- Can earn 2% cashback on every AED 2 spent on other purchases
- Can avail 2 free valet parking services per month at 15 locations in the UAE
- Can get 50% OFF on tickets at Vox Cinemas in the UAE
- Can get 8 free access(Per year) to airport lounges globally
- Provides multi-trip travel insurance
- Provides purchase protection
- Can get 12% discount Agoda.com
- Can get 8% OFF at hotels.com
3. Majid Al Futtaim Finance (Najm)
Majid Al Futtaim offers cashback credit cards, UAE to help make the most out of your daily purchases. One of the best cashback card offered by Najm is Najm One Cashback Card. Benefits provided on the card are:
Najm One Cashback Card
- Can get up to 10% cashback on using the card anywhere
- Cashback gets credited into the account automatically
- Can avail 1% cashback on spending at least AED 75
- Can save up to AED 500 as cashback
- Can avail 2 “Buy1-Get1 free” offer per month, at vox cinemas
- Can get up to 30% discount on travel bookings made on najm voyager page
- Can convert travel booking to EPP on 0% interest rates
- Can avail up to 30% off on dining, entertainment, shopping at selected outlets
- Can get up to 25% cash advance on the card
- Can get up to 70% of the credit limit as loan
- Get 5 free supplementary credit cards on the primary card
It provides SimplyLife Cashback Credit Card to avail cashback on spending at least AED 1000 using the card per month. Some benefits provided on the card are:
SimplyLife Cashback Credit Card
- Get 1.5% cashback on all the purchases made using the card
- There are no annual fees charged on the card
- Can get 2 movie tickets for free every month on spending at least AED 1500 using the card
- Can avail free access to Marhaba airport lounge at Dubai International airport- Terminal 1 & 3 and DWC- Al Maktoum International airport
- Can get free access to Diamond lounge at Abu Dhabi international airport- VIP Terminal
- Balance transfer facility is provided on low-interest rates
- Can convert regular payments to easy installment plans on low-interest rates for tenure up to 24months
- Can get a loan against your simply life cashback credit card
5. RAK Bank
RAK Bank Titanium Credit Card is one of the best cashback credit cards in the UAE region. It offers high cashback and other discounts and deals on the credit card.
RAK Bank Titanium Credit Card
- No annual fees are charged lifelong
- Can get 5% cashback on spending at supermarkets and selected restaurants
- Can get up to 50% cashback on movie spends
- Can get 2% stansard cashback on domestic purchases, international purchases, international cash advance and online transactions
- Free purchase protection can be availed on purchases made using the card
- Free travel accident insurance is provided
- Free supplementary cards can be availed
- Can get exclusive travel discounts
- Can avail Mastercard Buy1-Get1 free offers and discounts
- Can get free access to airport lounges in Dubai, Cairo, Abu Dhabi, Jordan and Kuwait
- Can get 20% OFF on careem rides
6. Standard Chartered Bank
Amongst the various credit cards provided by the standard chartered bank, Standard Chartered Platinum Credit Card is the best that provides various privileges apart from the cashback. Some of the benefits provided on SCB Platinum Card are:
Standard Chartered Platinum Credit card
- Can gain 1% cashback on domestic purchases
- Can get 2% cashback on international expenses
- Get unlimited free access to 20 airport lounges
- Avail buy 1 get 1 free offer Costa Coffee
- Can avail 20% discount on careem rides
- Get up to 30% off on travel bookings made on cleartrip.ae
- Can avail up to 10% off on bookings made at hotels.com
Before getting a cashback credit card in UAE, you must take the following aspects into consideration:
Spend eligibility – Some of the cards can come with a minimum spend criteria i.e. the cardholder must spend a significant amount (varies with the card) in order to avail the cashback offered. Make sure that you read the spend eligibility criteria carefully before applying for a cashback credit card.
Upper limits – Like the minimum spend requirement, most banks also have an upper limit on the maximum amount of cashback that can be availed by a cardholder or category-specific limits. These need to be carefully understood to avoid any discord with the bank.
Fine Print – Read the fine print. Is cashback available across all merchants or is it only with a pre-specified list of stores? Can you combine an offer along with availing a cashback? Not all the transactions will be eligible for cashback
Validity - The cashback offered can have validity. Ensure you redeem the cashback earned within the validity.
The cashback rate is an obvious factor that must be considered when you are looking for a cashback card. It also helps to understand and analyze your spending pattern as it can be aligned with the benefits offered by the credit card issuer. With a plethora of cashback credit cards in UAE, it is possible to find a card that matches your spending style. Some banks offer a higher cashback rate on groceries and utility bills while some offer better rates for travel-related transactions. This analysis can go a long way in maximizing your cashback rewards and can place the top cashback card in your wallet.
⭐ I want to cancel my credit card. Should I redeem the points before I cancel or can I do it later?
A. We would recommend redeeming your points before you cancel your card as most banks would not allow such a transaction. However, you may check with your bank if they can accommodate your request.
⭐ Is a higher cashback rate with an annual fee better than a lower cashback rate with no annual fee?
A. This depends on your spending pattern and on the other features of the card. If the cashback earned is higher than the annual fees then it is still profitable. See what is profitable for you and pick a card accordingly.
⭐ Do I get a cashback for the shopping done using the cashback points?
A. No. Cashback is awarded only when you transact using the credit card and repay the bank. Cashback bonus transactions don’t qualify for further cashback.
⭐ Do I get cashback if I exceed my credit limit of the card?
A. Banks might not offer cashback if you exceed the credit limit. Check with your card provider before your purchases beyond the credit limit.
⭐ Can I get cashback on cash withdrawal?
A. No. Most of the card providers don't offer cashback on cash withdrawal.
⭐ Will missing credit card payments make me lose the cashback earned?
A. Yes. You may lose the cashback earned if you miss the credit card payments.
⭐ Do I get cashback on international transactions?
A. It depends upon the card. If your card claims to offer cashback on international transactions, then you would get.
⭐ What is the eligible to get cashback?
A. If you get a card that offers cashback, you need to check if there any minimum spend requirement to be eligible for the cashback and spend accordingly.
⭐ What if I don't meet the minimum spend requirement to get cashback?
A. In order to get cashback, you must meet the minimum spend requirement (if any on the card).
⭐ Can I get cashback on supplementary cards as well?
A. Yes. Most of the card providers offer cashback on the supplementary card purchases as well. The cashback earned on supplementary cards will be credited to the primary card itself.