How To Pick The Right Credit Card In UAE

 

A credit card makes spending money a breeze. You don’t need to worry about carrying cash or remembering your bank details if you have a credit card you can swipe. It helps you buy everything you need, and you don’t need to spend any cash whether you’re shopping online or out with friends. Besides, a credit card is your best friend when you’re travelling out of the country, since it offers a range of benefits and reward points.

About to apply for your first ever credit card? Here’s how you pick the best one:

#1 Know your credit limit.

The first thing to do before you think of using a credit card in the UAE, is to check your credit score. You can do this online using free credit score checking websites, or use your bank’s website for the check. A good credit score ensures quicker approval for a top credit card in the country. Banks are quick to approve applications when the credit score is high. If your score isn’t, then please make sure you work to increase it before you apply for the credit card to lower your chances of rejection.

#2 Find out which card you are eligible to get.

There are a number of banks offering credit cards in the UAE. Choose your preferred bank and check its product suite – they will have multiple cards to choose from. However, you cannot get the first card you apply for. Your eligibility for the card is checked first. When you access the bank’s site, enter your income as directed to see which card you are likely to get. The higher your income with a correspondingly high credit score, the better your eligibility for a superb credit card in the UAE. A well-rounded credit card offers a range of benefits and rewards on use.

#3 Inquire about transaction fees.

Credit cards come with transaction fees (these are mostly waived off on using the card overseas, but do check with the issuing bank first) and you must be aware of the schedule of charges. Find out how much interest is charged upon exceeding your credit limit spends, or on carrying the balance payment from one month to the next. The fees determine the dent to your wallet when you start using the credit card. If the fees are higher than those offered by other banks, you need to find another card.

#4 Sign up and get the card.

By now, you may have found the right card with reasonable fees and interest and great rewards for using it. Simply sign up for the card as directed by filling out an online application. The issuing bank will also ask for a few documents like income statement, residence proof and so on. Upload these documents as directed and wait for the bank to approve your application. Once approved, the bank sends the card to your house. You can now start using the credit card in the UAE.

Use your new card well!

The issuing bank will send some details about your new credit card. Make sure you read all of it and ask questions if some things are unclear. Above all, aim to be a responsible credit card owner. Always stay within your stipulated spending limits and pay your balance amounts promptly to avoid being charged for them. And don’t forget to have fun using your credit card – a world of rewards, benefits and special experiences awaits you with each swipe of your new card!