RAK Elevate credit card
For the past 3 years, I have held several credit cards, mainly with FAB, Emirates NBD, and Mashreq. I have already cancelled my FAB and Mashreq cards and now intend to cancel my Emirates NBD card as well, as I prefer to manage just one primary credit card.
I am self-employed and own a company that has been operating for more than 3 years. However, I pay myself a fixed monthly salary. Both Emirates NBD and Mashreq assessed me as a salaried employee for credit card purposes despite being self-employed. FAB, on the other hand, required a security deposit, although they paid interest on it.
I am interested in the RAK Elevate credit card because it aligns better with my needs, particularly the gym benefits and travel rewards. My question is how RAKBank evaluates applications from self-employed individuals with a fixed monthly salary and an established business, and whether I would qualify without having to place a security deposit.
Any one who can make it happen?
Posted Jun 3, 2026, 1:16 PM UTC