ULTRACASH Platinum Credit Card (Online Shopping + School Fees)

An Islamic Ajman Bank card where you choose 2 of 4 categories (fuel, online shopping, supermarkets, school fees) for 5% cashback, capped per statement cycle at AED 400 on fuel, AED 100 on supermarkets, AED 100 on online shopping and AED 200 on school fees, with 1% on other retail spending and an annual fee of AED 315 for expatriates or AED 525 for UAE Nationals.

Annual fee AED 315 including VAT for expatriates (AED 300 before VAT) and AED 525 including VAT for UAE Nationals (AED 500 before VAT). No joining fee. The first 2 supplementary cards are free, then AED 50 a year per card before VAT.

Spending abroad costs about 5% all in: Ajman's 3.67% foreign currency fee plus 5% VAT (3.85%), plus 1.15% for Mastercard, which is Perkly's standard estimate because Ajman gives no figure for the scheme charge. Other retail spending abroad earns the 1%.

Only 2 of the 4 categories earn 5%, and since 1 October 2026 the supermarket and online caps are AED 100 a statement cycle each, reached at AED 2,000 of spending. UAE Nationals pay AED 525 a year including VAT, not AED 315. Valet parking needs AED 5,000 of retail spending in the same calendar month, or it is charged to the card.