AVOID HIDDEN CONVERSION FEES
Pay smart. Choose the currency of merchant country when you travel or shop online.
What is Dynamic Currency Conversion (DCC)?
When you're travelling abroad or shopping on international websites, some merchants may offer to charge your RAKBANK Credit Card in your home currency (AED) instead of the local currency (e.g. USD in the US or EUR in Europe).
While it might seem convenient, opting to pay in AED can result in hidden fees and less favourable exchange rates, as the rate is set by the merchant, not by RAKBANK or Mastercard.
How to pay smarter
For better value and to avoid unnecessary charges, always choose to pay in the local currency of the country you're in or the website you're shopping from.
Avoid AED 15 surcharge on every $100 by selecting USD instead of AED
| Paying in USD | Paying in AED |
|---|---|
| $100 Bill Amount + Foreign Transaction Fee (Based on card) | $100 Bill Amount + Foreign Transaction Fee (Based on card) + Up to 4% Merchant Fee (15 AED) |
Save More – Avoid inflated exchange rates and hidden mark-ups
Stay in Control – Let RAKBANK handle currency conversion, not the merchant
Transparent Pricing – Know exactly what you're paying
Bank on the go anytime, anywhere
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