Credit Cards

In the rapidly evolving society of Dubai and the UAE, credit cards have become one of the most sought-after financial tools, contributing to the significant improvement in individuals' standards of living. Banks in this region frequently introduce enticing credit card offers designed to appeal to people from all walks of life, motivating them to maximize the benefits and enhance their lifestyles. Credit cards have now become one of the most commonly used banking products, catering to diverse segments of the population.

Credit cards in the UAE come with an array of privileges encompassing travel, entertainment, lifestyle, and shopping. These cards are thoughtfully designed to match your individual needs and expenditures. Whether you prefer cards with rewards and cashback benefits or those offering complimentary access to airport lounges and travel perks, banks in the UAE offer credit cards with accommodating criteria.

With a minimum monthly salary of AED 5,000, obtaining a credit card in Dubai and the UAE is straightforward. These cards provide financial security and flexibility, ensuring you have the support you need, whether you're facing a financial challenge or enjoying various non-financial aspects of your life. 

Features and Benefits of Credit Cards in UAE

Loyalty Benefits : Most credit cards in UAE offer attractive loyalty program. You can earn reward points with every purchase and redeem them to avail of exclusive discounts. You can also convert your loyalty reward points into air miles to enjoy discounts on flight tickets with all partner airlines.

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Airport Lounge Access: With several credit cards in the UAE, you can enjoy complimentary airport lounge access worldwide. In addition, the premium cards can offer unlimited free access along with an accompanying guest. To avail of these services, you need to do a one-time registration with the service providers like LoungeKey, Volace and more.

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Exclusive Entertainment Offers : Numerous credit cards in UAE come with exclusive entertainment offers such as Buy1Get1 offers on movie tickets, discounted access to theme parks and adventure sports along with complimentary food and beverages. However, to avail of such offers, you may need to cross the minimum monthly spending threshold.

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Dining Discounts and Offers : As a cardholder in the UAE, you get exclusive offers on dining and restaurant expenses. Some cards offer up to 30% discount at over 1400, restaurants across the UAE. Additionally, you can also avail of Buy1Get1 offers on various diners and coffee outlets.

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Discounted Flight Tickets and Stays : Using a card for flight booking, you can avail yourself of up to 30% discounts on flight tickets when booking with Cleartrip.com and other similar providers. Along with the travel benefits, you get attractive discounts on hotel booking such as complimentary night stays, discounted booking fare, free upgrades, complimentary food and more.

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Travel Accident and Medical Insurance : When booking a ticket with your card, you get complimentary travel medical and personal accident insurance with a worldwide coverage. The protection plan is also known an as multi-trip travel insurance, and you can secure each of your journey for up to a day.

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Security and Life Insurance : Several credit cards in the UAE offer discrete benefits of securing your life and the outstanding balances. With services such as credit shield insurance, you can insure your outstanding balances in case of involuntary loss of employment, cardholder’s death, critical illnesses, permanent disabilities, etc. Additionally, you get protection for your purchased items with extended warranty and purchase protections.

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Convenient Financial Management : With a credit card in UAE, you get access various features such as interest-free days, easy payment plans, instant cash loans, utility bill payments and a full suite of online banking services to manage your card account effectively from anywhere at any time.

Documents Required to Apply for A Credit Card

Documents Required for Salaried Individuals for Credit Card

Fees and Charges associated with Credit Card

• Joining Fee: The joining fee is an initial charge when you first acquire a credit card. It's a one-time cost that may vary depending on the type of credit card you choose.

• Cash Withdrawal Fee: Credit cards offer the convenience of cash withdrawals, but this service often comes with a fee. Be sure to understand the charges associated with cash withdrawals.

• Over-Limit Fee: Sometimes, cardholders may exceed their credit limit, resulting in an over-limit fee. This fee is applied when you spend beyond your approved credit line.

• Late Payment Fee: Paying your credit card bill after the due date can lead to a late payment fee. It's important to settle your dues on time to avoid incurring this charge.

• Annual Fee: This fee is charged annually for the primary card.

• Supplementary Card Annual Fee: Charged annually for all supplementary cards linked to the primary account.

• Retail Interest: Interest charged on purchases made using the credit card, especially when the outstanding balance is not paid in full by the due date.

• Cash Advance Interest: Interest levied on cash withdrawals made using the credit card. It's typically higher than retail interest.

• Card Replacement Fee:  Charged when you request a replacement for your existing credit card.

• International Transaction Fee: Applied when the credit card is used for transactions in foreign currencies.

• Credit Shield:  This optional cover helps you repay your credit card balance in case you cannot do so due to disability or death. It's typically offered for a monthly fee.