Credit Card type |
Platinum Card |
World Card |
Annual Fee |
Free |
AED 700 |
Monthly Interest Rate |
3.49% |
3.25% |
Overlimit Charges*** |
AED 292.95 per month |
AED 292.95 per month |
Annual Premium Rewards joining fee |
AED 200 |
Free |
Card replacement fee |
AED 25 |
AED 25 |
Late payment fee |
AED 175 |
AED 175 |
Foreign Currency transaction fee* |
1.99% |
1.99% |
Cash Advance fee |
3% or AED 99 (whichever is higher) |
3% or AED 99 (whichever is higher) |
Stamped statement fee |
AED 25 |
AED 25 |
Regular Installment Plan: One time processing fee |
AED 49 |
AED 49 |
0% installment plan: One time processing fee**** |
AED 49 per transaction |
AED 49 per transaction |
Balance Transfer: One time processing fee**** |
AED 49 per transaction |
AED 49 per transaction |
Loan on Card: One time processing fee**** |
AED 49 per transaction |
AED 49 per transaction |
Balance Conversion: One time processing fee**** |
AED 49 per transaction |
AED 49 per transaction |
Installment Plan/Balance Conversion/Loan on Card/Balance Transfer: Cancellation fee |
1% of principal outstanding balance |
1% of principal outstanding balance |
* Excludes processing fee of approx. 1.15% charged by Mastercard
*** Spends exceeding up to 3% of your credit card limit will not be charged. Anything above that will accrue a fee of AED 292.95 per month.
****Processing fee is excluding interest and other charges.