Unlocking the Best Cashback Credit Cards in UAE

In the fast-paced market of the United Arab Emirates, where every individual strives hard to satisfy their luxurious wants, astute consumers always look out for credit cards that offer them more spending power. Are you someone who is tired of spending money without getting anything in return? Cash-back credit cards in the UAE offers a solution to this problem. Cashback credit cards have emerged as a popular choice for those seeking to maximize their savings while enjoying the perks of plastic transactions. As the name suggests, cashback is a deal between a credit card company and online retailers. For every purchase, the retailer has to pay a percentage of the money back to the credit card company. This serves as a reward system, rewarding users for each purchase they make using their card. Every bank has multifarious ways to provide such rewards, be it in the form of cashback, discounts on certain products or services, or providing free goods. In this blog, we will make you aware of the best cashback credit cards available in the UAE, unraveling the features, benefits, and potential savings they bring to the table.

What is a cashback credit card?

A cashback credit card is a financial tool that provides users with a unique incentive for their spending. Unlike traditional credit cards that primarily offer a line of credit for purchases, a cashback credit card gives a reward to its users after making any transaction. Essentially, every transaction made using the card results in a small cash rebate, offering a tangible benefit for using the credit card.

These cards often come with various features, such as tiered cashback rates for different spending categories like groceries, dining, or fuel. Some cashback credit cards may also provide additional perks, including discounts, special offers, or even travel benefits. The cashback earned can be accumulated over a specified period and is typically redeemable through options like statement credits, direct deposits, or gift cards.

Top 5 cashback credit cards

Given below are the top 5 cashback credit cards in the UAE:

Citi Cashback Credit Card

Citibank offers a credit card called the Citi Cashback Credit Card, which intends to give its customers enticing cashback rewards on their regular purchases. For those looking for a simple and fulfilling credit card experience, this card is a good fit. Major cashback offers linked with Citi Cashback Credit Card are listed below:

• 3% automatic cashback on non-AED spend

• 2% cashback on grocery or supermarket purchases

• 1% cashback on every purchase

• Unlimited access to 1000+ LoungeKey lounges worldwide

Dubai first Cashback Card 

The Dubai first Cashback Card is a credit card that offers a range of benefits to its users. Customers can earn rewards from their cashback credit card on regular purchases. With this card, you can easily earn cashback on a variety of transactions, making every purchase more valuable. This card is a flexible financial tool for people looking for both convenience and financial rewards in their everyday spending because it also has additional features and benefits. Major cashback offers linked with this card are listed below:

• 5% cashback on online purchases

• 5% cashback at supermarkets

• 1% cashback on any other transaction 

• 20% off on careem rides

CBD Super Saver Credit Card

The CBD Super Saver Credit Card in the UAE is a credit card option that provides substantial savings to its users. This card is intended to provide people with substantial savings and advantages. The CBD Super Saver Credit Card offers significant cost savings on a range of purchases to its users. The purpose of the card is to improve the holders' overall financial experience by giving them access to special benefits and discounts when they use credit cards for purchases. Major cashback offers and benefits linked with the CBD Super Saver credit card are listed below:

• AED 800 is charged after first year

• Earn 10% cashback on retail categories like bills, supermarkets etc.

• Users can earn up to 1% cashback on every AED 2 spent on other spending.

• Users get 50% off on 4 ticket bookings made at Vox, Novo, or Reel Cinemas

• Get 20% off on F&B at Reel Cinemas. T&Cs apply.

RAKBank Titanium Credit Card

The RAK Bank Titanium Credit Card is a credit card option that brings a range of features and benefits to its users. This card is designed to offer a premium experience, providing cardholders with exclusive advantages. Users of the RAK Bank Titanium credit card can enjoy a variety of perks, enhancing their overall financial transactions. Major cashback offers and benefits linked with the RAK bank titanium credit card are listed below:

• 5% cashback at supermarkets and restaurants

• Upto 50% Cashback on Cinemas

• Minimum monthly payment of only 3%

Emirates Islamic Cashback Card

The Emirates Islamic Cashback Card is a credit card that presents a suite of features and advantages to its users. Major cashback offers and benefits linked with the Emirates Islamic Cashback Card are listed below:

• Up to 5% cash back on electronic store purchases & telecom

• Cashback on all types of transactions

• Up to 1% cash back on all transactions

Strategies to maximize Cash-back rewards

While earning cash-back rewards is exciting, making sensible use of them is what really adds value. The following are some strategies to maximize your rewards obtained from cashback credit cards:

Statement Credits

To lower your outstanding balance, apply your cash-back rewards as statement credits. This reduces your interest costs and frees up money for other spending.

Direct Deposits

Consider transferring your cash-back rewards directly into your savings account. This enables you to easily increase your savings and move closer to your financial objectives.

Gift Cards and Retail

A number of credit card issuers allow customers to exchange their cash-back rewards for gift cards or retail. Explore these choices as possible means of maximizing your rewards if they suit your needs.

Conclusion

The financial landscape in the United Arab Emirates provides a wide range of cashback credit cards, each with a special set of features and benefits. To get the most out of these cards, you need to know what your priorities, lifestyle, and spending patterns are. You can discover a world of savings and special benefits by carefully choosing a cashback credit card that suits your needs. This will transform your regular transactions into rewarding financial experiences. MyBANKER will guide you throughout the process of choosing the right cashback credit card for yourself in Dubai. Contact us to get your best cashback credit card in the UAE with ease. For any queries, mail us at service@my-banker.com