Credit Cards in UAE

Credit Bureau Consent, Welcome Offer & General Terms & Conditions

I hereby acknowledge and agree to allow Citibank to share my details with any UAE credit bureau and make enquiries about me with any UAE credit bureau at its sole and absolute discretion. I agree to the Terms and Conditions listed below. Citibank Terms and Conditions apply, are subject to change without prior notice and are available upon request. For the current Terms and Conditions, please visit our website www.citibank.ae. All offers are made available on a best-effort basis and at the sole discretion of Citibank, N.A. Citibank, N.A. makes no warranties and assumes no liability or responsibility with respect to the products and services provided by partners/other entities. By inquiring about our services, offers or products, you will be authorizing our representatives to approach you on your contact details including your telephone/mobile number for any product or service offered by Citibank. The applicant agrees to be bound by Citibank’s General Terms and Conditions available on the website www.citibank.ae. The applicant hereby represents and warrants that the information provided herein is true, accurate, and complete and that he/she agrees to remain responsible for and to indemnify Citibank, N.A. from and against any losses, claims and/or liabilities incurred by Citibank NA as a result of having relied on such information. Citibank, N.A. is not required to verify the information provided by the applicant and neither is the bank obliged to provide the applicant with any loans or credit facilities based on the provided information. The information provided on this website does not constitute the marketing of any products or services to individuals resident in the European Union, European Economic Area, Switzerland, Guernsey, Jersey, Marino, San Marino, Vatican and Isle of man. The content on this website is not, and should not be construed as, an offer, invitation or solicitation to buy or sell any of the products and services mentioned herein to such individuals. Find your nearest Citi branch: www.findmyciti.com/ae/. Call us at: +971 4 311 4000.

Address: Citibank UAE, P.O. Box 749, Dubai, United Arab Emirates.

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List of Credit Cards in
UAE

Minimum Salary

Interest Rate

Loan Amount

Reducing Rate

Profit Rate

2.99%

Minimum Salary

AED 5000

Annual Fee

AED 0

Balance Transfer

Yes

Cashback

Yes

interest rate

2.99%

Interest Rate

minimum salary

AED 5000

Minimum Salary

annual fee

AED 0

Annual Fee

Advantages

  • 1% cashback on everything
  • Free airport lounge access
  • 100% cash withdrawal limit

Features

  • You can avail 4 supplementary cards with this card.
  • Convenience to make your card payments in any of ADIB branches.
  • This card is also an islamic card
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Features

  • You can avail 4 supplementary cards with this card.
  • Convenience to make your card payments in any of ADIB branches.
  • This card is also an islamic card
  • You can get free supplementary cards for your family with this card.
  • The Forex rate stands at 3.1%
  • You get free grace period up to 55 days to repay your complete outstanding balance.
  • You need a minimum salary of AED 5000 to avail this card.
  • You can transfer your balance at a rate of 3% or for AED 300.
  • Annual fee is free for one year and AED 1000 is charged from the second year onwards.

Benefits

  • Get free road side assistance.
  • Withdraw 100% of your credit limit as cash.
  • Get SMS alerts for all your transactions.
  • Access to airport lounges worldwide via veloce lounge.
  • Avail facilities such as road side assistance with this card.
  • There is no minimum spend required to receive cashback from this card.
  • Avail Valet parking services with this card.
  • Get unlimited 1% cashback on all your major spends done with this card.
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Interest Rate

3.45%

Minimum Salary

AED 5000

Annual Fee

AED 525

Balance Transfer

Yes

Cashback

No

interest rate

3.45%

Interest Rate

minimum salary

AED 5000

Minimum Salary

annual fee

AED 525

Annual Fee

Advantages

  • Upto 12% Agoda disocunt
  • Earn 1 Rewards point for every 1$ spent
  • Buy 1 Get 1 free cinema tickets

Features

  • Interest rate: 3.45% is charged
  • Minimum income of AED 5000 is required
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Features

  • Get rewards for everyday spending
  • Get exclusive benefits at movies, cafes, etc.,
  • Interest rate: 3.45% is charged
  • Minimum income of AED 5000 is required
  • No annual fees for the first one year. From the second year AED 525 is charged.

Benefits

  • Buy 1 coffee at Costa Coffee and get 1 for free
  • Buy 1 movie ticket at VOX Cinemas and get 1 free
  • Get up to 12% discounts on travel bookings through Agoda.com
  • Get up to 20% off at the popular golf clubs
  • Get up to 10% off on hotel bookings made using hotels.com
  • Get up 30% off on bookings made at Timeout Dubai and Timeout Abu Dhabi
  • Get exclusive dining benefits on Dine & Fly app
  • Can get 50 USD off on air tickets and hotel bookings on expedia.com
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Interest Rate

3.25%

Minimum Salary

AED 10000

Annual Fee

AED 0

Balance Transfer

Yes

Cashback

No

interest rate

3.25%

Interest Rate

minimum salary

AED 10000

Minimum Salary

annual fee

AED 0

Annual Fee

Advantages

  • 1 air mile on 4 AED spent
  • Buy 1 get 1 free offers
  • Discounts at vox cinemas

Features

  • This card is recognized over 32 million establishments.
  • This card offers you benefits home and abroad.
  • This card offers you a team of financial advisers and helps you achieve your financial goals.
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Features

  • This card is recognized over 32 million establishments.
  • This card offers you benefits home and abroad.
  • This card offers you a team of financial advisers and helps you achieve your financial goals.
  • This bank offers you an instant credit card with an instant approval.
  • This card also provides an instant limit approval.
  • This card also offers 24 hour delivery of your card.
  • Avail Flexi plus installment program with which you can avail 0% installment plans for purchases.
  • The Forex rate stands at 2%
  • You get an interest free period of up to 56 days.
  • You require a minimum salary of AED 10,000 to be eligible for this card.
  • You can transfer your balance at the rate of 0% for 6 months.
    There is a processing fee of 2.99% or AED 200, whichever is higher.
  • There is no annual fee for this card.

Benefits

  • Avail 15% discount in on British Airways fares for flights from UAE to UK, Europe, USA and Canada.
  • Access HSBC mobile app for more discounts and offers.
  • Get exclusive offers on dining and shopping at 19000 outlets in 160 countries.
  • Buy one get one free offers at VOX cinemas with this card.
  • Get 12% discount with AGODA.
  • Enjoy 200 offers on Golf access programs across the MENA region.
  • Get VISA offers on VOX tickets every saturday.
  • Avail purchase protection and extended warranty with this card.
  • Avail Credit shield plus with this card.
  • Avail supplementary cards with this card.
  • Also avail Valet parking with this card.
  • Enjoy airport dining at over 200 locations with this card and with the partnership of Dragonfly.
  • Get up to AED 1000 as cashback for your spending.
  • Get up to 1 airmile for every AED 4 spent.
  • Earn 3 air miles per 1 AED spent on online spending (Offer valid till 24 October 2020)
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Profit Rate

2.99%

Minimum Salary

AED 5000

Annual Fee

AED 700

Balance Transfer

Yes

Cashback

No

interest rate

2.99%

Interest Rate

minimum salary

AED 5000

Minimum Salary

annual fee

AED 700

Annual Fee

Advantages

  • High benefits for travelers
  • Get guest miles
  • Free companion ticket

Features

  • You can avail 4 supplementary cards with this card.
  • Convenience to make your card payments in any of ADIB branches.
  • Get instant SMS updates.
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Features

  • You can avail 4 supplementary cards with this card.
  • Convenience to make your card payments in any of ADIB branches.
  • Get instant SMS updates.
  • High earning rewards program.
  • This is an Islamic card.
  • This card avails salary transfers.
  • Get preferred rates from ADIB travel desk for airlines
  • The Forex rate on this card is at 3.1%
  • Get a free grace period of 55 days to repay your outstanding balance.
  • You can balance your transfer at the rate of 3% or AED 300.
  • You need to pay an annual fee of AED 700 to avail this card.

Benefits

  • You can receive service from ADIB travel desk
  • You can redeem your Etihad guest miles for House Furnishing, Travel Bookings, Electronics and Gifts for Friends and Family.
  • You can withdraw 100% of your finance limit for your need of cash.
  • Avail advance technology of chip and pin for safe transactions.
  • Free companion ticket voucher, which is not available on any other card.
  • Fast track to Etihad guest gold tier.
  • Free airport lounge access via lounge key.
  • Valet parking at select locations.
  • Free roadside assistance.
  • Earn a welcome bonus of 50,000 Etihad guest miles.
  • Receive 3 Guest mile up to 4 AED spent internationally.
  • Receive up to 2.2 guest miles for every 4 AED spent on local transactions.
  • You can even pay for your ADIB Etihad Guest covered card’s annual fees using 60,600 Etihad guest miles.
  • Get 100,000 Etihad miles as a welcome bonus on activating and using the card. (Offer valid on applying for the card by 30 September 2020)
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Interest Rate

3.25%

Minimum Salary

AED 5000

Annual Fee

AED 400

Balance Transfer

Yes

Cashback

Yes

interest rate

3.25%

Interest Rate

minimum salary

AED 5000

Minimum Salary

annual fee

AED 400

Annual Fee

Advantages

  • 40% off at golf clubs
  • 30% off on dining
  • 3%-7% off on air tickets & hotel bookings

Features

  • Your Emirates NBD MasterCard Titanium Credit Card gives you the flexibility to pay as little as 5% of the outstanding balance each month, and carry forward the balance to the next statement.
  • Enjoy instant access to up to 50% of your credit limit as cash with your Emirates NBD MasterCard Titanium Credit Card.
  • Protect plus insurance.
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Features

  • Your Emirates NBD MasterCard Titanium Credit Card gives you the flexibility to pay as little as 5% of the outstanding balance each month, and carry forward the balance to the next statement.
  • Enjoy instant access to up to 50% of your credit limit as cash with your Emirates NBD MasterCard Titanium Credit Card.
  • Protect plus insurance.
  • Enjoy and avail The Emirates NBD Installment plan.
  • Enjoy paying Utility bill using various options.
  • Get unlimited lounge access across middle east.
  • Avail options like Instant cash, Credit shield and free 24/7 roadside assistance.
  • The Forex rate stands at 1.99%
  • You can avail an interest free period of up to 55 days.
    You need to pay a minimum amount of 5% of the outstanding balance or AED 100, whichever is higher.
  • You need to have a minimum salary of AED 5000 to avail this card.
  • You can transfer your balance at the rate 0.8%, with a choice of 3 to 36 months.
  • The annual fee of this card is AED 400.

Benefits

  • Get up to 40% discount at 100 Golf courses worldwide.
  • Your Titanium Card provides the most convenient option for RTA Salik Auto top up.
  • Up to 30% off at over 2000 restaurants across the UAE.
  • Get 3% discount on air tickets and up to 10% discount on holiday packages through the Emirates NBD Travel Desk.
  • For every AED 100 retail spend on your card, you will earn 1 Plus Points.
  • Complimentary access to over 10 VIP lounges in UAE, KSA, Jordan, Kuwait and Egypt.
  • MasterCard buy 1 get 1 offers.
  • 15% off any order when you shop online with MarkaVIP across Saudi Arabia, UAE, Jordan, Lebanon, Qatar, Kuwait, Oman and Bahrain.
  • Card fraud protection.
  • Plus points can be redeemed for cashback.
  • Earn 1 plus point for every AED 100 spend.
  • You can redeem your points with various merchants like supermarkets, cashback, frequent flyer miles etc.
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Interest Rate

3.45%

Minimum Salary

AED 10000

Annual Fee

AED 0

Balance Transfer

Yes

Cashback

Yes

interest rate

3.45%

Interest Rate

minimum salary

AED 10000

Minimum Salary

annual fee

AED 0

Annual Fee

Advantages

  • 5% cashback on dining & supermarkets
  • 50% cashback on movies
  • Free travel and purchase protection

Features

  • Exclusive discounts at selected outlets, dining, cafe and much more
  • Get travel benefits like airport lounge access, travel insurance, complimentary stays etc
  • Get cashback on movies, dining and much more
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Features

  • Exclusive discounts at selected outlets, dining, cafe and much more
  • Get travel benefits like airport lounge access, travel insurance, complimentary stays etc
  • Get cashback on movies, dining and much more
  • Get standard cashback on every transaction
  • An interest rate of 3.45% is charged
  • A minimum salary of AED 10000 is required
  • No annual fees are charged

Benefits

  • Can get complimentary travel insurance on travel bookings made using RAK Titanium Credit Card
  • Extend your monthly payments up to 55 days
  • Can avail quick and easy money transfer facility from anywhere in the world
  • Free access to more than 10 airport lounges in Dubai, Kuwait, Jordan, Abu Dhabi and Cairo regions
  • Can get a free supplementary credit card
  • Get free protection on the purchases made using RAK Titanium credit card
  • Pay your utility bills or for any other government-related services to get 0.25% discount is every AED
  • Get 20% OFF on three Careem rides monthly
  • Can get 5% cashback on supermarkets, fuel, and dining
  • Get up to 50% cashback on movie tickets
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Interest Rate

3.25%

Minimum Salary

AED 7000

Annual Fee

AED 0

Balance Transfer

Yes

Cashback

Yes

interest rate

3.25%

Interest Rate

minimum salary

AED 7000

Minimum Salary

annual fee

AED 0

Annual Fee

Advantages

  • 30% cashback on purchases
  • 50% off on travel bookings
  • Carrefour rewards every dirham spent

Features

  • This card is the smartest way to save at Carrefour.
  • This card gets you more privileges at Carrefour.
  • You can get as much as AED 200 worth Carrefour vouchers every month with this card.
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Features

  • This card is the smartest way to save at Carrefour.
  • This card gets you more privileges at Carrefour.
  • You can get as much as AED 200 worth Carrefour vouchers every month with this card.
  • You can automatically receive your monthly digital Carrefour vouchers.
  • You get a dedicated Carrefour check out counter at all Carrefour Hypermarkets across the UAE just for Najm card holders.
  • You get an exclusive 12 months 0% EPP on Carrefour webstore purchases and up to 9 months for in-store purchases
  • The Forex rate stands at 3%
  • You get an interest free period of up to 55 days.
    You need to make a minimum payment of 5% or AED 100, whichever is higher.
  • You need to have a minimum salary of AED 7000 to avail this card.
  • You can transfer your balances to your Najm card at preferential rates for 6, 9 or 12 months.
  • This card is 'Free for life'

Benefits

  • With this card you can beat the queue, with few dedicated check out counters at Carrefour centers.
  • You can enjoy 'buy one get one free' offer on popcorn in VOX cinemas with this card.
  • Get travel discounts up to 50% with this card.
  • Enjoy 30% off on dining, travel, shopping and entertainment with more than 450 partners.
  • Get free supplementary cards with this card.
  • Choose from a wide selection of gift cards to gift your loved ones.
  • You can pay your Najm card bills, Etisalat bills and DEWA bills at a click of a button of your mouse.
  • Avail Premo online market place provided by this card.
  • Avail Takaful protection and Wallet protection with this card.
  • Get 2% cashback at Carrefour and 1% cashback on all your purchases.
  • You can save up to AED 200 with this card.
  • You can automatically get your cashback redeemed through Carrefour voucher redeemable at all Carrefour stores across the UAE.
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Interest Rate

3.25%

Minimum Salary

AED 8000

Annual Fee

AED 0

Balance Transfer

Yes

Cashback

Yes

interest rate

3.25%

Interest Rate

minimum salary

AED 8000

Minimum Salary

annual fee

AED 0

Annual Fee

Advantages

  • 1%-3% cashback
  • Free access to airport lounges

Benefits

  • No annual fee in year 1. From year 2, annual fee is waived unless the annual spend is below AED 9,000, in which case a fee of AED 300 will apply
  • Unlimited, automatic cashback on all spend
  • 3% cashback on international spend
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Benefits

  • No annual fee in year 1. From year 2, annual fee is waived unless the annual spend is below AED 9,000, in which case a fee of AED 300 will apply
  • Unlimited, automatic cashback on all spend
  • 3% cashback on international spend
  • 2% cashback on grocery/supermarket spend
  • 1% cashback on all other spend
  • No caps, no minimum spend, no redemption process and no spend categories excluded
  • Unlimited access to 1000+ lounges worldwide for each cardholder
  • Quick Cash: instant cash loan at a click of a button
  • PayLite: turn any big purchases into small payments
  • Citi World Privileges: Enjoy travel, dining and entertainment discounts locally and across 95 countries
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Interest Rate

3.45%

Minimum Salary

AED 10000

Annual Fee

AED 0

Balance Transfer

Yes

Cashback

Yes

interest rate

3.45%

Interest Rate

minimum salary

AED 10000

Minimum Salary

annual fee

AED 0

Annual Fee

Advantages

  • 8% cashback on groceries, etc.
  • 0.5-1% cashback on every dirham spent
  • Free travel insurance

Overview

  • Can get 0.5% cashback on purchases made domestically
  • Can get 1% cashback on purchases made outside UAE
  • No maximum caps added to earn the cashback
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Overview

  • Can get 0.5% cashback on purchases made domestically
  • Can get 1% cashback on purchases made outside UAE
  • No maximum caps added to earn the cashback
  • Can get up to 8% cashback on using the card at selected merchants
  • Can get travel protection plan for free that covers trip cancellation, baggage loss, medical emergency, etc. on tickets booked using Mashreq credit card
  • No annual fees are charged on both primary and supplementary cards
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Interest Rate

3.5%

Minimum Salary

AED 8000

Annual Fee

AED 0

Balance Transfer

Yes

Cashback

No

interest rate

3.5%

Interest Rate

minimum salary

AED 8000

Minimum Salary

annual fee

AED 0

Annual Fee

Advantages

  • Get 1.75 Stars on 1 AED
  • Discounts on movie tickets

Features

  • Complimentary offers at fitness clubs
  • Discounts on movies at Reel Cinemas, VOX Cinemas etc.
  • Provides pickup and drop facility at the airport
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Features

  • Complimentary offers at fitness clubs
  • Discounts on movies at Reel Cinemas, VOX Cinemas etc.
  • Provides pickup and drop facility at the airport
  • Can get free access to airport lounges in the Middle East region
  • Interest rate of 3.50% per month is charged
  • Minimum salary of AED 8000 is required
  • Zero annual fees

Benefits

  • Get Buy 1 Get 1 free offer on movie tickets at VOX Cinemas on tickets booked online using FAB Platinum Visa card
  • Can get 4 (per month) movie tickets for the lowest price of AED 15(on weekdays) - AED 20(on weekends) at Reel Cinemas, Cine Royal, and Oscar Cinemas
  • Pay only AED 30 on each visit to Fitness First Clubs (Maximum 4 visits per month)
  • Free travel insurance is provided on tickets booked using FAB Platinum Visa Card
  • Can get 2 free airport transfer services per annum
  • Get reward stars on every dirham spent
  • Can earn 1.75 stars on every dirham spent on international expenses and 1 Star on every AED spent on local expenses
  • Can redeem stars for Lifestyle benefits, Dining, Etihad Guest Miles, Skyward Miles and much more
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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 Platinum Card

  • High Cashback
  • Up to 2% cashback on all domestic and international purchases
  • Enjoy three 20% discounted Careem rides per month

CBD SuperSaver Credit Card

  • 10% cashback on retail spendings
  • 50% OFF at VOX Cinemas
  • 2 free valet parking services

Najm Platinum Cashback Credit Card

  • 30% off on shopping, entertainment, dining and much more
  • 0.5% Cashback at every Visa accepted merchants
  • 3% carrefour cashback

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

Mashreq SmartSaver Credit Card

  • Up to 6% cashback on online purchases
  • Up to 8% cashback on groceries, etc.
  • 0.5-1% cashback on every dirham spent using the card

Emirates NBD Titanium Credit Card

  • 1 Plus Point per AED 100 spent
  • 40% off at golf clubs

RAK Bank Titanium Credit Card

  • 5% cashback on dining, supermarkets, fuel, etc.
  • 50% cashback in movie tickets
  • 30% Off on Careem rides

ADIB Value+ Credit Card

  • Earn 1 Reward point per 1 AED
  • 10,000 reward points = AED 50
  • 1000+ dining discounts

HSBC Platinum Select Credit Card

  • Get 1 Air Mile on 4 AED spent anywhere
  • Discount on movie tickets at Vox CInemas
  • Free Valet parking benefits at selected locations

FAB Platinum Credit Card

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

Credit Card Eligibility

The eligibility for a credit card varies with each bank. Here's the basic eligibility criteria for a credit card in UAE.

  • Applicant must be at least 21 years old
  • Minimum salary of AED 5000 is required
  • UAE residents are eligible

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.

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

Dos

  • Understand the working of a credit card before getting one.
  • Get a perfect credit card according to your spending habits.
  • Make use of the rewards earned before the expiry date.
  • Take advantage of the discounts and features of your card while making purchases.
  • Pay credit card bill in full to avoid additional fees and 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 use more than 30% of the credit limit assigned.
  • Don’t make purchases for the case of rewards.
  • Don’t delay your payments – avoid additional charges.
  • Avoid cash withdrawal using a credit card.
  • Don’t share your card details, passwords, PINs 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

⭐ 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.

⭐ 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.

⭐ What is the maximum credit limit provided on the credit card?

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

⭐ Can I withdraw cash from my credit card?

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

⭐ Are there any credit cards with no annual fees?

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

⭐ 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.

⭐ Do all the credit cards provide travel benefits?

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

⭐ Can I get supplementary credit card for free?

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

⭐ 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.

⭐ 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.

⭐ 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.

⭐ Can I get loan on credit card?

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

⭐ 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.

⭐ Can I apply for a credit card online?

A. Yes. You can apply for a credit card online.

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