A credit card in UAE is a plastic card issued by banks and financial institutions that enables the cardholder to pay the merchant for goods and services from its pre-approved limit. A credit card comes with an agreement that the cardholders have to pay the borrowed money, plus any applicable interest, plus any additional agreed-upon fees, either in full by the due date or over time. With the introduction of Credit Cards payments became more convenient and less complicated.
A credit card is a short-term loan facility for your everyday purchases on an agreed time frame for repayment with interest or applicable fees. It comes with a wide range of benefits to suit all types of needs or requirements. Credit Card in Dubai gives you the freedom to buy big purchases and pay them off in small installments. It gives you reward points, cashback, discount offers, and more to enrich your daily lifestyle.
In UAE, the Al Etihad Credit Bureau (AECB) is the primary regulatory body that maintains all credit card data. Provides accurate credit reports to banks, financial institutions, and companies.
Comparing Credit Cards online can help you to make an informed decision before applying for a credit card in Dubai, UAE. Credit Card features are dynamic and different credit cards come with different features and user-specific benefits. As every card come with its own set of advantages and disadvantages, UAE Credit Card Finder’s comparing feature gives you a summarized view of the prime factors of selecting a card. You can compare credit cards on different parameters like:
Interest Rates: Before obtaining a credit card, you should be aware of the interest rate charged on it. Every credit card has pre-set financing fee. Therefore, the applicant must compare the interest rates on different cards and find out the lowest possible option.
Annual Fees: Few credit cards are free for life and do not have any yearly charges whereas some cards come with an annual maintenance fee. Before applying for a Credit Card the applicant must check the fee and charges before applying for a card in Dubai.
Minimum Salary Requirements: For every credit card in Dubai there is a minimum salary eligibility criteria attached to it. Generally, the minimum salary to apply for a credit card in Dubai starts at AED 5000 per month.
Key Benefits: Each credit card is designed with a set of user-specific and lifestyle benefits. Applicants must compare and choose a card that gives great value for their spendings.