RAKBANK and Air Arabia extended their strategic partnership with the renewal of the co-branded credit collaboration. The agreement was signed at Air Arabia headquarters by the Group Chief Executive Officers of both organisations, reflecting their shared commitment to a robust and enduring partnership.
RAKBANK Air Arabia co-branded credit card will offer a host of benefits, including Air Rewards on card spending, joining bonus, complimentary annual return flight ticket, interest-free payment plans on Air Arabia tickets, complimentary airport transfers and much more.
Raheel Ahmed, Group CEO of RAKBANK commented: “We are excited about the cobranded credit card as it offers our valued customers an enhanced travel experience with more rewards. Our partnership with Air Arabia has been a testament of our common intent towards delivering strong value and awesome customer experience. RAKBANK and Air Arabia are looking forward to rewarding our cardholders in meaningful ways at every step of their journey.”
RAKBANK continues to be a major player in the credit card industry. In 2023, the Bank delivered record-breaking performance while achieving the highest ever credit card spend volumes on the back of 20% year-on-year growth. RAKBANK’s mobile app is now equipped with the best-in-class and fully digital acquisition capabilities making it easier and faster for new customers to get a RAKBANK Credit Card.
Adel Al Ali, Group Chief Executive Officer of Air Arabia, commented: “Our partnership with RAKBANK serves our mutual customers and is in line with our mission of providing value-added products and services to our customers at every given touch point of their travel journey. This partnership of our co-branded credit card reflects our shared dedication to delivering enhanced value to our customers and expanding our market presence.”
Air Arabia operates from main hubs in Sharjah, Abu Dhabi, Ras Al Khaimah, Morocco, Egypt, Armenia, and Pakistan. With a modern fleet of 73 Airbus A320 and A321 aircraft, the airline has expanded its network to over 206 routes by 2023, showcasing significant global growth. Air Arabia’s strategic growth has been noteworthy, solidifying its position as an ideal partner for the co-branded credit card.
The extension of this partnership signifies a strategic commitment and mutual promotional support, aimed at achieving significant growth for both RAKBANK and Air Arabia.
