7 Best Balance Transfer Credit Cards in the UAE

By Kapil Dwivedi
  | Published: 28 November 2019 | Last Updated On: 20 September 2021

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Credit cards may help you in overcoming your debts; however, sometimes they might also put you under a burden of debt. Paying back your credit card debt can be difficult, especially if all you have been paying is minimum payments monthly.

In these situations, you can opt for the facility of balance transfer on your credit card in UAE. Nowadays, you will easily come across various banks that offer balance transfer credit cards in UAE, which lets you transfer the outstanding balance from one bank account to another.

We have compiled a list of some of the top balance transfer cards in the UAE for you.

Emirates NBD MasterCard Titanium Credit Card

This Emirates card gives you the option to enjoy a host of features & benefits. These features & benefits may include golf offers, access to airport lounges, reward points, several discounts, and many more. This credit card is amongst the leading ones in the balance transfer category.

Emirates NBD MasterCard Titanium Credit Card
Airport Lounge Access
  • Minimum Salary AED 5000
  • Annual Fee AED 400
  • Airport Lounge Access
  • Dining Discounts
  • Golf Benefits
Reward Value: AED 2,994
  • Annual Charges: 400 dirhams
  • Retail Finance Charges: 3.25 percent monthly
  • Balance Transfer Fees: 250 dirhams or three percent of the outstanding principal (the higher one)

Mashreq Bank Platinum Elite Credit Card

This Mashreq card lets you enjoy the elite advantage that involves a huge collection of benefits and privileges, which go well with your lifestyle requirements. These requirements may include travel, shopping, sports, entertainment, adventure, and dining.

The features such as extended warranty and purchase protection provide you with peace of mind. The facility of balance transfer can be obtained at a 0% rate of interest and with no income documentation required. You can transfer a maximum of 75 percent of the credit limit.

Mashreq Bank Platinum Elite Credit Card
Airport Lounge Access
  • Minimum Salary AED 7,000
  • Annual Fee AED 650
  • Airport Lounge Access
  • Airport Pick up or Drop
  • Balance Transfer
Reward Value: AED 1,000
  • Annual Charges: AED 650 (From the 2nd Year)
  • Retail Finance Charges: 3.45 percent monthly
  • Balance Transfer Cancellation Fees: 105 dirhams

Chris standing up holding his daughter Elva

CBD World MasterCard Credit Card

This credit card by Commercial Bank of Dubai promises to provide you with a host of special privileges and amazing experiences. You can enjoy features and benefits such as CHIP & PIN, access to airport lounges, balance transfer, CBD rewards, and more.

The balance transfer option on this card can be availed in two options- regular and revolving balance transfer.

CBD World MasterCard Credit Card
Airport Lounge Access
  • Minimum Salary AED 25,000
  • Annual Fee AED 787.50
  • Airport Lounge Access
  • Movie Discounts
  • Dining Discounts
  • Valet Discounts
  • Free for 1st year
Reward Value: AED 16,239
  • Revolving Balance Transfer Processing Charges: 100 dirhams or 4 percent (the higher one)
  • Regular Balance Transfer Rate of Interest: Up to 0.89 percent monthly (flat)
  • Revolving Balance Transfer Cancellation Fees: 2 percent on the balance remaining
  • Annual Charges: 750 dirhams (1st year free)
  • Retail Finance Charges: 3.45 percent monthly

HSBC Advance Credit Card

With this HSBC card, you can enjoy air miles in the form of rewards and a free Entertainment App by HSBC. You also get to enjoy a wide collection of travel and lifestyle benefits that include hotel discounts, airport lounge free access, and much more.

Being amongst the best balance transfer credit cards, it allows you to enjoy balance transfer facility at reducing interest rate monthly, zero percent for the balance transfer plan term. Here are the fees charged on this facility.

HSBC Advance Credit Card
Free for Life
  • Minimum Salary AED 10,000
  • Annual Fee Free For Life
  • Free for Life
  • Airport Lounge Access
  • Movie Discounts
  • Valet Parking
Reward Value: AED 11,077
  • On six months’ plan: 1.50 percent or 100 dirhams (the higher one)
  • On 12 months’ plan: three percent or 100 dirhams (the higher one)
  • On 24 months’ plan: six percent or 100 dirhams (the higher one)
  • Annual Charges: Nil
  • Retail Finance Charges: 2.99 percent monthly

ADIB Value Credit Card

This ADIB card allows you to earn rewards on domestic as well as international spends. You can enjoy a world of privileges and benefits such as complimentary flight tickets, vouchers at shopping malls, and a maximum discount of 25 percent on selected restaurants throughout the UAE, and many more.

ADIB Value Credit Card
Free for Life
  • Minimum Salary AED 5,000
  • Annual Fee Free For Life
  • Free for Life
  • Dining Discounts
  • Special Discounts
Reward Value: AED 2,808

You can avail of the balance transfer facility on this card by a simple call to the bank.

  • Annual Charges: Nil
  • Retail Finance Charges: 2.99 percent monthly

RAKBANK Red Credit Card

If you want to pay less on your shopping, then this RAKBANK credit card can be ideal for you. It allows you to save time using contactless technology. Moreover, you can also stay protected with amazing features such as coverage for travel accident, credit shield, purchase protection, and more.

RAKBANK Red Credit Card
Free for Life
  • Minimum Salary AED 5,000
  • Annual Fee Free For Life
  • Free for Life
  • Dining Discounts
  • Special Discounts
Reward Value: AED 4,821

You can also transfer funds using the RAKMoney Transfer facility. The balance transfer facility on this card can be availed at a certain interest rate.

  • Annual Charges: Nil
  • Retail Finance Charges: 3.45 percent monthly
  • Interest Rate for Balance Transfer: 1.50 percent monthly
  • Early settlement or cancellation fee on balance transfer: 249 dirhams

First Abu Dhabi Bank Etihad Guest Platinum Credit Card

This credit card comes with unique sign-up benefits for you along with other benefits such as airport transfers, earning Etihad guest miles, movie offers, discounts on golf, facility for money transfer, shopping offers, and much more. Moreover, this FAB credit card also provides protection benefits including extended warranty, credit shield, and purchase protection.

First Abu Dhabi Bank Etihad Guest Platinum Credit Card
Special Discounts
  • Minimum Salary AED 8,000
  • Annual Fee AED 500
  • Special Discounts
Reward Value: AED 13,329

You have the option of settling your outstanding balances on credit cards with other banks within the Emirates by transferring the balances to this credit card.

  • Annual Charges: 500 dirhams
  • Retail Finance Charges: 3.50 percent monthly
  • Transfer up to 90 percent of the pre-decided credit limit

Chris standing up holding his daughter Elva

Over to You!

If you wish to clear off your credit card debts but are not able to do so, then balance transfer credit cards in UAE can be a good option. In this article, we have listed some of the top credit cards under this category.

However, you must keep in mind that the list is not ranked as any order. You must always select the card that compliments your lifestyle requirements the best.