Credit card in UAE – All Possible Information
A credit card is one of those financial tools that have a lot of advantages. With the use of it, you will quickly do the payment of your purchase. There is already a pre-set limit for it and you will not exceed this limit. A credit cards in UAE is of different types. Every bank set its criteria for applying.
Check Credit Card Eligibility
The proper checking of the eligibility to get a credit card in UAE is a compulsory step. The motive is that you will apply for it without any waste of time. All banks provide their particular factors for eligibility. But, the commonest points are the following:
- Age is the first & prominent criterion. Your age must be 18 years. Anyone below the age of 18 years will never get approval.
- All the residents of the UAE include in the criteria of eligibility. After age, your resident must be from the country. Otherwise, you will not apply.
- Now, the third important factor is the income salary. Every bank provides their particular limit for your salary. But, the majority of the demand for more than AED 5,000 salary.
Usage of credit cards in the UAE
Their using of them is versatile. You can use it for different purposes. When you see its great functionality, you want to use it for a lifetime. Below are some major uses that help in your luxurious living:
- With the help of this card, pay any bill before the end date. Furthermore, the payment of card bills also become convenient.
- During all start of billing cycles, it is a great time to do any high-value purchase. It will not convert your billing routine into worst.
- We all have different habits of purchasing. In short, we all have a particular way of spending money. Therefore, tracking is crucial. The credit card helps in the easier tracking of spending activity. Thus, you will change this habit as per need.
- The card’s statement can easily check by using of online way also. The majority of the banks provide the option of online checking of the statements. Thereby, you have to check it every short time. It will ensure your worthy use of the card.
- All cards have numerous different limits. You can select the limit as per their demand. So, be careful during the selection of this limit.
Checklist to consider when choosing an excellent credit card in UAE
If you have a desire to choose an excellent one, these basic points are suitable for you. They are beneficent and help you a lot. Many users choose their credit card loans in UAE according to these points. They also make sure you only get what you demand only. In UAE, there is no major difficulty in getting the best card through Karz. The best options come with exceptional specifications.
- The cards also give you the opportunity of getting a loan if you need one. Such loans help solve any financial issue. But, they all have a particular interest rate. So, you have to complete idea about its percentage. You will enable to get a loan of your desired interest rate through the card.
- Some banks will not tell you about the requirement of repayment at the time of issuing it. You should ask the bank’s manager. So, you will aware of this point also.
- Charges and numerous other fees vary from bank to bank. When they issue you it, they will add charges according to their policies. Always choose that one which is not with too higher fees.
- Before applying, match your monthly salary to the eligibility criteria. If your salary is equal to or above the criteria, there will no issue in applying.
- Annual fees are another important point to check. All cards have their fees annually. You will see the fees online also. In this way, you will get an excellent card.
- The use of such cards will give numerous advantages including rewards also. The purpose of rewards is to appreciate the users and encourage them to continuously use. Some banks claim to give points for users’ loyalty.
- Many cards with the facility of a cashback offer. This offer is only valid if someone spends a high amount in one month for any purpose. So then, if you spend a lot on traveling or groceries, such option is an ideal.
- On every foreign transaction, there is an FX rate on the amount also. If you internationally transfer money through credit cards in Dubai, you have to consider this point. In this case, those are great that have less FX rates.
- Many cards are with the choice of efficient balance transfer. It will help in the quick and easier transferring process.
Features of credit cards in the UAE
Now, we will tell you about those amazing features that urge you to use your card. These features give you motivation for applying as well.
- This type of financial tool helps in the quickly funding of everything. If you require instant money, simply use an ATM. Moreover, online purchasing has also become easier. You can go anywhere without carrying a large amount of money with you.
- In UAE, the cards are with exceptional features of easily managing finance. Every user gets cash when they apply for a loan through it. Further, the user will manage his account online. All the financial management becomes convenient for everyone.
- The specialty of such cards is to ensure your security. They provide you with great security in addition to maintaining your balance. All the transactions are safer as compared to numerous other ways. No one can steal your money when you give it to anyone.
- Life insurance is crucial. The shield of insurance gives you the feeling of being comfortably used in all situations of life. It involves giving you money when you are accidentally eliminated from the job. Furthermore, we all like warranties. So, this insurance also gives us the opportunity of enjoying a long-lasting time warranty. As a result, our purchasing habit also provides us with a worthy outcome.
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