DIB SHAMS Signature Covered Card review
Spending on dining and travel earns 10 Wala'a Rewards per AED 1, capped at 10,000 and 15,000 Wala'a per month respectively, while international spends earn 3 and other domestic retail 2.5 per AED 1. Restricted categories such as supermarkets, utilities and fuel earn 0.4 Wala'a.
Cardholders get 8 lounge visits a year across 1,200+ lounges, two annual airport transfers, two valet parkings a month and travel takaful cover up to USD 500,000, with the complimentary benefits tied to a AED 5,000 minimum monthly spend.
The card is free in year one and AED 523.95 from year two, waived when annual spend reaches AED 30,000. As a covered card there is no interest: the profit rate is a fixed 3.69% per month and late payment triggers a charity-donation undertaking.
Card details
| Bank | DIB |
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| Card type | Lifestyle |
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| Card network | Visa Signature |
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| Minimum salary | AED 15,000 |
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| Annual fee | AED 523.95 |
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| Fee waiver | No annual fee in the first year; AED 523.95 (incl. VAT) thereafter, waived on a minimum annual spend of AED 30,000 |
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| Interest (monthly) | 3.69% |
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| Reward type | Wala'a Rewards |
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| Reward rate | Earn 10 Wala'a Rewards per AED 1 on dining and on travel, 3 per AED 1 on international spends and 2.5 per AED 1 on other domestic spendsDining earn is capped at 10,000 and travel at 15,000 Wala'a per month. Restricted categories and EEA spends earn 0.4 Wala'a per AED 1 10,000 Wala'a per month on dining; 15,000 on travel Redeem via the DIB Wala'a programme: 20,000 Wala'a = AED 100 against flights and hotels, or AED 80 as cashback; points can also convert to partner airline miles |
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| Welcome bonus | Up to 100,000 bonus Wala'a Rewards (worth AED 500) for new-to-card customersSpend USD 10,000 equivalent within 90 days of card issuance; plus 20% cashback at select merchants for the first 3 months, capped at AED 20 per merchant per month |
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| Lounge access | Complimentary access to 1,200+ airport lounges 8 times per year; first annual visit free, later visits need a small prior foreign-currency spend |
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| Quick cash | Draw cash up to 90% of your card limit; cash withdrawal fee AED 94.50 per transaction (incl. VAT) |
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| Balance transfer | Transfer up to 90% of the card limit with a flexible 12-month repayment plan (minimum AED 1,000) |
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| Instalment plan | Extended payment plans available on retail purchases and cash transactions on DIB's standard terms |
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Welcome bonus: Up to 100,000 bonus Wala'a Rewards (worth AED 500) for new-to-card customers
Terms: Spend USD 10,000 equivalent within 90 days of card issuance; plus 20% cashback at select merchants for the first 3 months, capped at AED 20 per merchant per month
DIB SHAMS Signature Covered Card benefits
✓10x Wala'a Rewards on dining and travel
✓8 lounge visits per year
✓2 complimentary airport transfers annually
✓2 valet parking services per month
✓Travel takaful cover up to USD 500,000
✓Buy-one-get-one at Costa Coffee
Offers and payment options
Quick cashDraw cash up to 90% of your card limit; cash withdrawal fee AED 94.50 per transaction (incl. VAT)
Balance transferTransfer up to 90% of the card limit with a flexible 12-month repayment plan (minimum AED 1,000)
Instalment planExtended payment plans available on retail purchases and cash transactions on DIB's standard terms
DIB SHAMS Signature Covered Card fees & charges
| Annual percentage rate (APR) | 44.28% (3.69% monthly profit rate) |
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| Cash advance fee | AED 94.50 per transaction (incl. VAT) |
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| Late payment fee | No interest-based late fee; a late payment triggers an undertaking to donate AED 236.25 (incl. VAT) to charity |
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| Foreign currency fee | 3.70% of transaction value on non-AED transactions; 3.14% on AED-billed international transactions (incl. VAT) |
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| Card replacement fee | AED 52.50 per request (incl. VAT) |
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From the bank’s Key Facts Statement / Schedule of Charges. Some figures include and some exclude 5% VAT, a bank’s marketing page can differ from its Key Facts Statement, and fees change - always confirm with the bank before you apply.
Who should get this card?
This card suits mid-to-high earners who want Sharia-compliant dining and travel rewards with useful airport perks at a lower entry point than the Infinite tier.
What works well
- ✓Strong 10x earn on dining and travel
- ✓Practical airport package: lounges, transfers and valet
- ✓First year free with an achievable ongoing waiver
What to weigh up
- −Monthly earn caps are lower than the Infinite tier
- −AED 5,000 monthly spend needed to keep the free benefits
- −Everyday categories earn only 0.4 Wala'a per AED
DIB SHAMS Signature Covered Card eligibility
Minimum salary of AED 15,000 per month; UAE resident with valid Emirates ID. A minimum monthly spend of AED 5,000 keeps the complimentary benefits active
▤Emirates ID▤Passport with residence visa▤Salary certificate or bank statements (last 3-6 months)
DIB SHAMS Signature Covered Card FAQs
Minimum salary of AED 15,000 per month; UAE resident with valid Emirates ID. A minimum monthly spend of AED 5,000 keeps the complimentary benefits active
The listed annual fee is AED 523.95. No annual fee in the first year; AED 523.95 (incl. VAT) thereafter, waived on a minimum annual spend of AED 30,000
Earn 10 Wala'a Rewards per AED 1 on dining and on travel, 3 per AED 1 on international spends and 2.5 per AED 1 on other domestic spends
This card suits mid-to-high earners who want Sharia-compliant dining and travel rewards with useful airport perks at a lower entry point than the Infinite tier.
Product details are indicative and compiled from each bank’s official pages and Key Facts Statements; figures can differ between a bank’s marketing page and its Key Facts Statement, and fees, rates and VAT treatment change. We are not affiliated with, or authorised by, any bank - always confirm current fees, eligibility, rewards and terms directly with the issuing bank before applying. This page does not constitute financial advice.
