List of Credit Cards in UAE

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Interest Rate

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Dubai Islamic Bank The Emirates Skywards DIB Infinite Credit Card

Profit Rate

3.25%

Minimum Salary

AED 35000

Annual Fee

AED 2625

Balance Transfer

Yes

Cashback

No

3.25%

Interest Rate

AED 35000

Minimum Salary

AED 2625

Annual Fee

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Dubai Islamic Bank The Emirates Skywards DIB Platinum Card

Profit Rate

3.25%

Minimum Salary

AED 5000

Annual Fee

AED 525

Balance Transfer

Yes

Cashback

No

3.25%

Interest Rate

AED 5000

Minimum Salary

AED 525

Annual Fee

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Dubai Islamic Bank The Emirates Skywards DIB Signature Card

Profit Rate

3.25%

Minimum Salary

AED 15000

Annual Fee

AED 1575

Balance Transfer

Yes

Cashback

No

3.25%

Interest Rate

AED 15000

Minimum Salary

AED 1575

Annual Fee

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ADCB Traveller Credit Card

Interest Rate

3.25%

Minimum Salary

AED 30000

Annual Fee

AED 1050

Balance Transfer

Yes

3.25%

Interest Rate

AED 30000

Minimum Salary

AED 1050

Annual Fee

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ADCB Business Platinum Credit Card

Interest Rate

3.25%

Annual Fee

AED 208

Balance Transfer

Yes

3.25%

Interest Rate

AED 208

Annual Fee

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Al Hilal Bank World Elite Mastercard

Profit Rate

2.79%

Minimum Salary

AED 8000

Annual Fee

AED 2500

Balance Transfer

Yes

2.79%

Interest Rate

AED 8000

Minimum Salary

AED 2500

Annual Fee

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CBI First World Mastercard

Interest Rate

2.99%

Minimum Salary

AED 40000

Annual Fee

AED 0

Balance Transfer

Yes

Cashback

Yes

2.99%

Interest Rate

AED 40000

Minimum Salary

AED 0

Annual Fee

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CBI Rewards World Mastercard

Interest Rate

3.45%

Minimum Salary

AED 20000

Annual Fee

AED 840

Balance Transfer

Yes

3.45%

Interest Rate

AED 20000

Minimum Salary

AED 840

Annual Fee

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Emirates Islamic Business Credit Card

Profit Rate

3.25%

Annual Fee

AED 0

Balance Transfer

Yes

3.25%

Interest Rate

AED 0

Annual Fee

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NBAD Etihad Guest Infinite Credit Card

Interest Rate

3.25%

Minimum Salary

AED 30000

Annual Fee

AED 2500

Balance Transfer

Yes

Cashback

No

3.25%

Interest Rate

AED 30000

Minimum Salary

AED 2500

Annual Fee

Hide Explore

What is a Credit Card?

Credit Cards need no introduction. Almost everyone has availed the benefits of using a Credit Card at least once in their lifetime. For those who haven’t, Credit Cards allow you to purchase goods or services on credit for a small fee. It is an alternative for cash and enables you to carry out internet-based and shop-based transactions with ease. UAE also offers Shariah compliant Credit Cards based on ‘Bai Inah’, ‘Wadiah’ and ‘Qardhul Hassan’. The high-cost of living in UAE makes Credit Cards a must-have financial tool in every household.

Top 10 Credit Cards in UAE

Standard Chartered Bank Titanium Card

  • High Cashback
  • 50% cashback on dining, shopping, entertainment, etc.
  • 10% cashback at grocery stores

Najm Platinum Cashback Credit Card

  • 30% cashback on shopping, entertainment, dining and much more
  • 50% off on travel bookings
  • Up to 1.5 carrefour rewards on 1 dirham spent anywhere

ADIB Etihad Guest Visa Platinum Credit Card

  • High benefits for travelers
  • Get 1.5 - 2.2 guest miles on AED 3-4 spent using the card
  • Free companion ticket

NBAD GEMS Mastercard Credit Card

  • Get 1.5 NBAD stars per 1 AED
  • 7% off on GEMS School fees
  • Movie tickets for AED 10 - 20 at Cine Royal, Reel Cinemas, Oscar Cinemas

Emirates NBD Titanium Credit Card

  • Discounts on flight tickets and other travel bookings
  • 40% off at golf clubs

RAK Bank Titanium Credit Card

  • 5% cashback on dining, supermarkets, fuel, etc.
  • 50% cashback in movie tickets
  • 2% cashback on local and international purchases

Dubai First Platinum Life Credit Card

  • Buy 1 movie ticket and Get 1 for free
  • Discounts on shopping, entertainment, leisure, dining, and much more
  • Valet Parking benefits

HSBC Platinum Credit Card

  • Get 1 Air Mile on 1 AED spent anywhere
  • Discount on movie tickets at Vox CInemas
  • Free Valet parking benefits at selected locations

UNB Titanium Credit Card

  • Earn 1.5 UNB Miles on 1 AED spent in UAE and 3 UNB Miles on 1 AED spent anywhere outside UAE
  • Earn 50% of movie tickets in the form of UNB Miles
  • Exclusive discounts on dining and shopping at selected outlets

NBAD Platinum Mastercard Credit Card

  • Get 1.75 NBAD Stars on 1 AED
  • Complimentary access to fitness clubs, airport lounges, etc.
  • Discounts on movie tickets

Features of Credit Cards

Over the years, Credit Cards have evolved to suit each of your spending needs. Some highlights are:

  • Rewards: Credit Cards provide high reward points on everyday spendings. These rewards can be redeemed for shopping, dining and much more.
  • Cashback: Most of the banks in UAE offer cashback on every dirham spent using the card.
  • Cash on Card: Credit Cardholders can avail a loan against their cards on nominal charges.
  • Easy Installment Plan: Can convert regular payments to EIP on low/no interest rates.
  • Interest rates: Some cards offer an interest-free period; clearing the entire bill within the period will not attract any interest charges.
  • Annual fees: Some cards charge an annual fee or joining fee which is very nominal.
  • Discounts: Most cards offer discounts at restaurants, online shopping etc.
  • Utility Bills: Pay utility bills and earn cashback or rewards on it.
  • Insurance: Can avail travel insurance, purchase protection, etc., on purchases made using the card.
  • Cashless Transaction: No need to carry cash around. Credit Cards offer cashless transactions eliminating the need to safeguard bundles of cash.
  • A great tool for exigencies, especially when you run out of cash.

Different types of Credit Cards

Credit Card companies recognize your needs and offer cards well-suited to your spending habits. This has led to a plethora of cards available in the market in UAE. Let’s look at some variants available:

  • Dining Credit Card: A foodie’s delight. These cards offer discounts at participating restaurants making your dinner outings lighter on your pocket.
  • Travel Credit Card: Bitten by the travel bug? This is the card for you. It offers a host of benefits when you travel like free miles, free night stays at partner hotels, discounts on car rentals and many such benefits.
  • Islamic Credit Card: These cards are compliant with the Shariah laws and are free from any Riba (interest) or Gharar (uncertainty).
  • Insurance Credit Card: These cards are specifically designed to provide an insurance cover in exigencies. They offer benefits like Takaful insurance or personal accident cover.
  • Student Credit Card: These cards offer discounts on school fees or cash backs along with the other benefits of a Credit Card. As a parent, this can be a huge relief considering the ever-increasing cost of education.
  • Fuel Credit Card: These cards offer exclusive discounts at petrol pumps. Some of them also offer a range of free services like road assistance, discounts on International driving license, etc.
  • Reward and Cashback Credit Card: Every time you spend on your card, these cards offer a small percentage of it back. A Reward card provides points which can be redeemed on specific products/services. A Cashback card converts a small percentage of your spending into cash and credits it back to your Credit Card account.
  • Grocery Credit Card: Time to go grocery shopping but miss the haggling with the roadside vendor? The Grocery card offers special rewards and discounts at different grocery store chains.

Credit Card fees and charges

There is a growing concern about various fees charged by Credit Card companies. While some of these are unavoidable, being meticulous with your finances can help avoid most of these charges. Here is a look at a majority of those fees:

  • Annual Fee : charged annually for the primary card.
  • Supplementary card annual fee : charged annually for all supplementary cards.
  • Retail Interest : interest charged on the purchases made using the Credit Card
  • Cash Advance Interest : interest charged on cash withdrawn using the Credit Card
  • Cash Advance Fee : fee charged for availing cash advance on your Credit Card
  • Late Payment fee : charges applicable if you do not pay your bills in time.
  • Over Limit Fee : in case your spending + interest exceeds the prescribed limit.
  • Card Replacement Fee : in case you want to replace your existing card.
  • International Transaction Fee : for use in foreign currencies.
  • Credit Shield : a cover to help you pay back the balance if you are unable to do so due to disability or death. This is provided on a monthly fee.

How to choose a credit card?

Credit cards can be of great financial assistance if rightly chosen and used. There are various uses of a credit card right from cashback, travel offers, rewards, to Easy Payment Plans and much more. Choosing a credit card can be tough if you are not clear about your requirements.

  • Spending Pattern : Understand your spending habits like on what you spend the most. Some cards provide high cashback at hypermarkets while some provide rewards on travel portals. So if you are frequent travel then get a card that can earn you travel rewards. Else get a cashback card for your frequent purchases.
  • Minimum spending : Most of the credit cards in UAE have high benefits on it. But these offers and benefits can be utilized only after a minimum spending is made on the card.
  • Credit Limit : Maximum Credit limit provided is chosen by the banks depending on the person’s liability. If you exceed the credit limit banks charge over-limit charges. So make sure you get a right credit limit according to your spendings.
  • Fees and Charges : There are several charges associated on a card. Like annual fees, joining fees, interest rates, etc. Most of the cards are provided on low/no additional fees initially. So get a complete picture of fees and charges.

Credit Card Eligibility

You need to be at least 21 years of age to apply for a Credit Card in UAE. You must have proof of regular monthly income. Every bank has its own criteria which need to be checked individually.

Documents Required for applying for Credit Card

While every bank may have its own set of documentations required to approve an application for a Credit Card, below is a list of basic documents needed:

  • Salary Certificate not more than 30 days old (for salaried individuals)
  • Income details (for self-employed individuals)
  • Bank Statements
  • Valid Passport
  • Valid UAE ID

You must ensure that these documents are available with you before you approach a bank for a Credit Card. Apart from these, banks may choose to ask for more documents to ascertain your credit viability.

Credit Card Usage Tips

Do's

  • Usually, the minimum monthly payment is about 5 percent of the outstanding balance due.
  • Expatriates can apply for a Credit Card too.
  • Expats must surrender the UAE Credit Card if they move out of the country.
  • You can own multiple Credit Cards if you want. However, ensure that you can afford the fees and charges associated with them.
  • If used correctly, Credit Cards can be a great asset.
  • Take advantage of the discounts and features of your card.
  • Some cards offer interest-free periods so make sure that you pay back within that period to avoid extra charges.
  • Contact your bank immediately if your card has been stolen or if you suspect misuse of any sort. Timely action can save you thousands of Dirhams.

Don'ts

  • Don’t be reckless in your spending because you can always pay later. Beware of the debt-trap.
  • Don’t delay your payments – avoid additional charges.
  • Cash advance has additional fees associated with it. Use this feature judiciously.
  • Don’t share your card details with anyone and ensure that your cards are kept secure always.

Remember, Credit Cards can be your best friends or worst enemies. They are financial tools designed to make life easier if used correctly. With an increase in the number of spending avenues due to growing number of shops online, you must exercise optimum control on your spending to make the best of this tool.

Frequently Asked Questions

Q. Is cashback provided on every credit card?

A. No, not all the credit cards have cash back facility. Please read the features and benefits on the card before you opt one.

Q. Can i get a credit card without income proof?

A. Income proof is a mandatory document if you apply for a credit card in UAE.

Q. What is the maximum credit limit provided on the credit card?

A. The maximum credit limit depends on the applicant’s minimum salary.

Q. Can I withdraw cash from my credit card?

A. Yes, you can withdraw cash using your credit card but some withdrawal fees are charged.

Q. Are there any credit cards with no annual fees?

A. Yes, there are several banks providing credit cards on no annual fees lifelong.

Q. Can I transfer my existing card balance to a new credit card?

A. Yes, you can transfer your existing credit card balance to a new credit card, if the bank approves.

Q. Do all the credit cards provide travel benefits?

A. No, there are specific credit cards with wide range of travel benefits.

Q. Can I get supplementary credit card for free?

A. Yes, few banks provide supplementary cards for free on the primary credit card.

Q. Is there any eligibility to get supplementary card?

A. The supplementary credit cardholder must be of minimum 18 years and close family member of the primary cardholder.

Q. How do I get credit card statements?

A. You can visit the bank and request for a credit card statement or can get access to online banking and print e-statements.

Q. Is it mandatory to get credit shield?

A. It varies with banks, at few banks it is mandatory to get a credit shield and at some banks it is optional.

Q. Can I get loan on credit card?

A. Yes, few banks provide loans on the credit card as well.

Q. Is it mandatory to close my credit card account before I leave UAE?

A. Yes, if you are going to leave UAE for a long time then it is mandatory to close your credit card account.