Credit Cards in UAE & Dubai | Compare & Apply for Best Credit Card in UAE

Credit Card in UAE

A little bit of security goes a long way, whether it is related to the financial aspects of your life or the non-financial ones. Credit cards are one such forms of security that come in handy when you are stuck in a financial pickle. A credit card is a financial tool, like your debit card, that allows you to borrow money from the bank instantly up to a set limit and pay it back later within a pre-decided time frame. Most credit cards in the UAE can be taken by any individual with a salary higher than AED 5000. Almost every bank and financial institution in the UAE has its line of credit cards with several options like cash back, rewards & offers, airport lounge access, movie discounts, & more for the customers. Let’s find out more about credit cards in the UAE.

How to Compare Credit Cards in UAE & Dubai?

It is important to compare credit cards UAE before applying for one. Different kinds of credit cards may have different features. Some of the cards are free, whereas some of them charge an annual fee. Each available credit card option comes with its own set of advantages and disadvantages.

Therefore, making a comparison between the available options becomes essential. In this digital world, an applicant can compare different cards online without any hassle. Here are some of the basic factors for making the comparison.

Interest Rate: In order to attract more customers, the card providers promise to charge low rates of interest. However, the applicant must compare rates of interest on different cards and find out the lowest possible option.
Other Fee and Charges: Every credit card involves a few compulsory charges that the cardholder has to bear. The applicant must read the fine print thoroughly so that they are aware of the fee and charges applicable on the concerned card.
Minimum Income: To be eligible to apply for a credit card in the UAE, the applicant must be earning a certain amount of monthly income. They must earn at least 5,000 dirhams to be eligible to apply for the card.
Rewards and Benefits: Before applying for credit cards in Dubai, the applicant must check the rewards and benefits offered on different cards. They must choose the card that is loaded with the set of benefits that are the most suitable for them.

List of Top Credit Cards in UAE with Salary Requirement & Annual Fee

Bank	Credit Card	Minimum Salary (AED)	Annual Fee (AED)
Emirates Islamic	Emirates Islamic Cashback Plus Card	12,000	313.95
Standard Chartered	Standard Chartered X Credit Card	10,000	Free for 1st Year
Standard Chartered	Standard Chartered Manhattan Rewards+ Credit Card	10,000	Free for 1st Year
Emirates NBD	Emirates NBD Lulu 247 Titanium Credit Card	5,000	Free for Life
Emirates NBD	Emirates NBD U By Emaar Family Credit Card	5,000	Free for Life
Emirates NBD	Emirates NBD Visa Flexi Credit Card	12,000	Free for Life
Emirates NBD	Emirates NBD Lulu 247 Platinum Credit Card	15,000	250
Emirates NBD	Emirates NBD Marriott Bonvoy World Credit Card	25,000	1,500
Emirates NBD	Emirates NBD Dnata World Credit Card	25,000	999
Emirates NBD	Emirates NBD Skywards Infinite Credit Card	30,000	1,500
Emirates NBD	Emirates NBD U By Emaar Visa Infinite	30,000	1,500
Emirates NBD	Emirates NBD Go4It Platinum Credit Card	12,000	Free for Life
Mashreq	Mashreq Cashback Credit Card	7,000	Free for Life
Standard Chartered	Standard Chartered Cashback Credit Card	10,000	Free for 1st Year
Standard Chartered	Standard Chartered Visa Infinite Credit Card	30,000	Free for 1st Year
Mashreq	Mashreq Solitaire Credit Card	25,000	1,500
Citibank	Citibank Citi Simplicity Credit Card	5,000	Free for Life
Citibank	Citibank Citi Cashback Credit Card	8,000	Free for 1st Year
Citibank	Citibank Citi Rewards Credit Card	8,000	Free for 1st Year
Citibank	Citibank Emirates Citibank World Credit Card	12,000	Free for 1st Year
Citibank	Citibank Citi Premier Credit Card	15,000	Free for 1st Year
Citibank	Citibank Emirates Citibank Ultimate Card	18,000	800
Citibank	Citibank Citi Prestige Credit Card	30,000	1,500
Citibank	Citibank Emirates Citibank Ultima Card	36,750	3,000
FAB	First Abu Dhabi Cashback Credit Card	5,000	315
Deem Finance	Deem Finance Mastercard Titanium Cash Up Credit Card	10,000	Free for Life
Deem Finance	Deem Finance Mastercard Platinum Cash Up Credit Card	5,000	Free for 1st Year

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Types of Credit Cards in UAE

There are different types of plastic money in the Emirates, each catering to a different type of card user. In order to find the most suitable one and consequently pick the best credit card offers in UAE, it is important to familiarize themselves with the various categories to better.

Here are the different types of credit cards offered in UAE:

Air Miles Credit Cards
Airport Lounge Access Credit Cards
Balance Transfer Credit Cards
Cash Back Credit Cards
Travel Credit Cards
Cinema Offers Credit Cards
Golf Credit Cards
Free For Life Credit Cards
Rewards & Offers Credit Cards
Shariah Compliant Credit Cards

In order to cater to customers from different income brackets, banks offer a variety of credit cards, each with its own eligibility criteria and credit limit. From free credit cards to premium ones, the following are the types of cards to be considered:

Air Miles Credit Cards in UAE

Air miles, also known as travel points and frequent flyer miles, are a part of a loyalty program offered by the air miles credit cards. Ideally, the cardholder accumulates a set amount of air miles based on how much they spend on the credit card which can be further redeemed for booking flight tickets for free. There are two types of air miles credit cards are available in the UAE. Airline Miles, which are airline-specific reward miles and the other one is Airline ME, which are not linked with any specific airline and can be redeemed in a number of ways.

Top 5 Air Miles Credit Cards in UAE

Bank	Credit Card Name	Annual Fee (AED)	Minimum Salary (AED)
Deem	Deem Mastercard World Miles Up	500	25000
Emirates Islamic	Emirates Islamic Bank Skywards Signature	700	10000
RAKBANK	RAKBANK Emirates Skywards World Elite	700	25000
FAB	FAB Etihad Guest Infinite Islamic	2500	30000
Emirates NBD	Emirates NBD Skywards Signature	700	15000

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Airport Lounge Access Credit Cards in UAE

Regardless of the purpose of travel, airport lounge access credit cards can always come in handy. There are several credit cards available in the UAE that offer complimentary airport lounge access to its cardholder where they can relax and unwind before taking off.

Top 5 Airport Lounge Access Credit Cards in UAE

Bank	Credit Card Name	Annual Fee (AED)	Minimum Salary (AED)
Mashreq	Mashreq Bank Solitaire	1500	25000
Deem	Deem Mastercard Titanium Cash Up	200	6500
Emirates Islamic	Emirates Islamic Bank Flex Elite	700	25000
FAB	FAB Cashback Card	315	5000
Citibank	Citibank Emirates Citibank Ultima	3000	36750

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Balance Transfer Credit Cards in UAE

A balance transfer credit card helps the cardholder to transfer the high-interest debt from one credit card to another with a low interest rate. Credit cards that offer a balance transfer facility can help the cardholder to save a lot on the high rate of interest by paying off the outstanding debt.

Top 5 Balance Transfer Credit Cards in UAE

Bank	Credit Card Name	Annual Fee (AED)	Minimum Salary (AED)
CBD	CBD Super Saver	420	8000
Emirates NBD	Emirates NBD Lulu Mastercard Titanium	Free for Life	5000
FAB	FAB Elite Infinite	Free for Life	40000
HSBC	HSBC Zero Credit Card	Free for Life	10000
United Arab Bank	United Arab Bank Visa Titanium	300	6000

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Cashback Credit Cards in UAE

Cashback credit cards pay its cardholder back some percentage of their purchases or transactions in cash. The bank rewards the card member for the purchase made using a credit card by offering rewards in terms of cashback. However, the cashback amount differs from one credit card to another depending on the type of purchases & monthly caps, plus factoring in minimum spends requirements.

Top 6 Cashback Credit Cards in UAE

Bank	Credit Card Name	Annual Fee (AED)	Minimum Salary (AED)
Mashreq	Mashreq Bank Cashback Card	Free for Life	7000
Emirates Islamic	Emirates Islamic Bank Cashback Card	350	8000
FAB	FAB Cashback Card	315	5000
Citibank	Citibank Citi Cashback Card	300	8000
ADCB	ADCB SimplyLife Cashback Card	Free for Life	5000
ADIB	ADIB Cashback Visa Platinum	1000	10000

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Travel Credit Cards in UAE

Frequent travelers would already know how expensive it is to bear all the travel expenditures. From flight tickets to hotel bookings, travel expenses can be very high at times. Keeping travel needs in mind, some of the banks and financial institutions offer travel credit cards that are exclusively designed for avid travelers.

Top 5 Travel Credit Cards in UAE

Bank	Credit Card Name	Annual Fee (AED)	Minimum Salary (AED)
ADCB	ADCB Traveller Credit Card	1050	20000
Deem	Deem Mastercard Titanium Cash Up	200	6500
Standard Chartered	Standard Chartered Platinum	525	8000
CBD	CBD Smiles Visa Platinum	366.45	8000
RAKBANK	RAKBANK Mastercard World	750	20000

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Cinema Offers Credit Cards in UAE

Who does not love watching a movie in the theatre after a long working week? What better way to enjoy this if one can avail free movie tickets or discounts on booking cinema tickets? To reward its customers, some of the credit card lenders or banks in the UAE have tied up with cinemas such as VOX cinema and Reel Cinema that enables the cardholder to avail great discounts and offers on movie tickets such as complimentary movie tickets, discount on tickets as well as refreshments. Getting cinema offers credit cards especially for a movie lover is not less than a treat since it is a smart way to save money on movie tickets.

Top 5 Cinema Offers Credit Cards in UAE

Bank	Credit Card Name	Annual Fee (AED)	Minimum Salary (AED)
Emirates Islamic Bank	Emirates Islamic Bank Etihad Guest Platinum	199	8000
FAB	FAB Cashback Card	315	5000
Citibank	Citibank Citi Prestige Card	1500	30000
CBD	CBD Super Saver	420	8000
Standard Chartered	Standard Chartered Bank Manhattan Platinum	525	8000

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Golf Credit Cards in UAE

UAE is home to some of the finest golf courses in the world and also golf has become more than a sport in the country. It is no wonder that most of the banks and financial institutions offer golf credit cards that offer benefits to the customers who are either part-time or full-time golfers.

Top 5 Golf Credit Cards in UAE

Bank	Credit Card Name	Annual Fee (AED)	Minimum Salary (AED)
Mashreq	Mashreq Bank Solitaire Card	1500	25000
Emirates Islamic	Emirates Islamic Bank Skywards Signature	700	10000
Citibank	Citibank Emirates Citibank Ultimate	800	18000
Standard Chartered	Standard Chartered Bank Manhattan Platinum	525	8000
Emirates NBD	Emirates NBD Skywards Signature	700	15000

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Free For Life Credit Cards in UAE

While plenty of luxury credit cards in the UAE come with an annual membership fee, there is a wide range of top tier credit cards that offer ample benefits and rewards without charging an annual membership fee for a lifetime. Such types of credit cards are known as free for life credit cards or lifetime free credit cards.

Top 5 Free For Life Credit Cards in UAE

Bank	Credit Card Name	Annual Fee (AED)	Minimum Salary (AED)
ADCB	ADCB SimplyLife Cashback Card	Free for Life	5000
ADIB	ADIB Value Card	Free for life	5000
Mashreq	Mashreq Bank Cashback Card	Free for life	7000
Emirates Islamic	Emirates Islamic Emirati Card	Free for life	5000
Deem	Deem Mastercard Platinum Miles Up	Free for Life	10000

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Rewards & Offers Credit Cards in UAE

Rewards & offers credit cards are one step ahead of the basic credit cards since they offer extraordinary benefits to its cardholders. Such type of credit cards usually provide rewards in terms of cash back, air miles, discounts, and other privileges for the amount that the card members spend with their credit card.

Top 5 Rewards & Offers Credit Cards in UAE

Bank	Credit Card Name	Annual Fee (AED)	Minimum Salary (AED)
Mashreq	Mashreq Bank Solitaire Card	1500	25000
Emirates Islamic	Emirates Islamic Bank Skywards Signature	700	10000
RAKBANK	RAKBANK Emirates Skywards World Elite	700	25000
FAB	FAB Cashback Card	315	5000
Deem	Deem Mastercard Titanium Cash Up	200	6500

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Shariah Compliant Credit Cards in UAE

According to shariah law, Muslim people are not permitted to do business with any organization or take part in any sort of financial practice that levies interest i.e. Riba.

On the basis of Shariah law, few banks and financial institutions in the UAE offer Shariah Compliant Credit Cards. This type of Islamic credit card strictly follows shariah principles that charge profit rate instead of interest rate since Riba is strictly prohibited as per the shariah-Islamic law. However, Shariah Islamic credit card functions similarly like a traditional credit card but with slight differences in the offered benefits and features.

Benefits of Credit Cards in the UAE

Along with instant short term loans, the credit cards in the UAE offer a range of shopping, lifestyle, travel, and entertainment benefits. From loyalty cashback to shopping voucher, you earn rewards with every purchase. Following are the key benefits of credit cards in the UAE.

Loyalty Benefits - Most credit cards in the 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.
Airport Lounge Access - With several credit cards in the UAE, you can enjoy complimentary airport lounge access worldwide. In addition, the premium credit 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.
Exclusive Entertainment Offers - Numerous credit cards in the 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.
Dining Discounts and Offers - As a credit 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.
Discounted Flight Tickets and Stays - Using a credit 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.
Travel Accident and Medical Insurance - When booking a ticket with your credit 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.
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.
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 credit card account effectively from anywhere at any time.

Eligibility Criteria for Credit Card in UAE

Age: When it comes to being eligible for a credit card, age is an important factor. Most banks offer plastic cards to applicants between the age of 21 years to 60 years. But it is still possible to get a card as early as 18 if the applicant can show a source of independent income. Applicants under the age of 18 years require a legal guardian to co-sign their application.
Income: The applicant cannot obtain a credit card without showing a source of income. Monthly income also determines the type of card one can qualify for.
Credit History: While it is possible for applicants with low credit scores to obtain a credit card, they will be given very limited options such as of fee-free cards. In order to qualify for the best credit cards in UAE, it is a must to have an impeccable credit history which should ideally be between 300-900 score. Simply put, the applicant with the best credit history will get the best card with extensive offers.
ID Proof: A valid ID proof is an essential requirement for availing of this card. UAE Nationals must show their Emirates ID, while expatriates must show relevant documents such as their passport and visa.
Address Proof: When it comes to applying for plastic money, address proof is a must. Some banks may even reject the application of those living in isolated places with little connectivity.
Nationality: Certain credit cards in UAE are offered exclusively for UAE nationals. In such cases, nationality also becomes a criterion for eligibility. Moreover, even the Emirate an applicant resides in can make an impact on the application. For example, for a credit card in Dubai, online applications may be favored more as compared to those in the other Emirates.

Note- The best credit cards in Dubai and the rest of the UAE have the strictest eligibility criteria. To increase the chances of credit card eligibility in UAE for the best card offers, the applicant ought to maintain a good credit history and bank balance.

How to Apply for a Credit Card in the UAE?

There are two platforms available to apply for a credit card in the UAE – Offline and Online.

Credit Card Apply Offline

If you wish to apply for a credit card in the UAE offline:

Visit the nearest branch of the desired credit card’s provider
Submit the duly filled application form
Submit the required documents
The bank will verify your documents and issue a credit card within 7 working days

Credit Card Apply Online

In case you wish to avoid a physical visit and prefer applying from the comfort of your home, you should consider the online mode. To apply for a credit card in the UAE online, you have two options.

Option 1:

Visit the credit card provider’s website
Fill and submit e-form
Upload the soft copy of the required documents
A customer care executive will call to provide details of the card and ask for your preferred delivery address

Your online credit card application will be processed by the bank. Once the bank has verified your documents and credit card application, the credit card will be sent to your address within 7 working days.

Option 2:

If you wish to apply for a credit card in the UAE without any hassle within a few minutes, you should try our website.

Visit our website and find the credit card page link on the top
Click on the credit card link
Fill in the e-form
Select the desirable credit card
Fill in the details
Upload the soft copy of the required documents
The bank will verify your credit card application, details and delivery address and send the credit card to your address within 7 working days.

*Before applying for a credit card in the UAE, you are advised to confirm that you meet the following credit card eligibility requirements:

You should be 21 years or older
Your minimum salary should not be less than AED 5,000

Documents Required to Apply for a Credit Card in the UAE

The applicant will require the following documents to apply for a credit card:

Application Form: A duly filled and signed application form is necessary. Most online credit card applications accept a digital signature.
ID Proof - For Emiratis, this would be the Emirates ID. Expats will need to present their original passport.
Address Proof - The banks ask for a proof of address from both, expats as well as Emiratis.
Proof of Income -As mentioned earlier, the credit card eligibility in UAE depends on the minimum monthly income. The bank statement or salary slip can be used as a proof of income. Certain banks may also ask for an entire year’s statement to determine whether the applicant has a stable source of income or not. The applicant applying for the best credit cards will also be required to maintain a minimum balance in their account.

How Can Applying with Policybazaar.ae Help?

Applying for a credit card in UAE can be a time-consuming process, especially with the similar rewards and rates of interest offered by different cards. Here, Policybazaar.ae helps the applicant to save time and zero down on the right card of their choice. Here is why they should opt for Policybazaar.ae to initiate their research:

Compare available Cards -As an aggregator website, Policybazaar.ae offers its customers a platform to compare different types of credit cards in UAE. There is no better place to compare credit cards than Policybazaar.ae and get the right one in a hassle-free manner.
Unbiased Approach -ae doesn’t favor any specific brand. The card comparison results are strictly statistic based. Policybazaar.ae follows an unbiased approach by aiming for an accurate representation of all credit card offers in UAE, to help make the decision easier for the applicant.
Accuracy -In order to provide accurate results, the comparison results are updated on a regular basis. By sharing accurate and up to date figures on annual membership fees, interest rates and more, Policybazaar.ae helps the individuals to come across the best credit card in UAE and makes the credit card application an easy victory.
Customer-First -ae’s customer-first approach has earned the reputation of a friendly and approachable organization, dedicated to the welfare of the customers. Whether a user is unsure about how to apply for such plastic money or just wants to learn about the credit card offers available in UAE, Policybazaar.ae’s executives are always willing to answer such queries of their customers.

How Credit Card is different from a Debit Card?

The basic difference between any debit and credit card is that the former takes funds from the checking account of the card member, while the latter makes use of the money of the issuer and bills the cardholder later. The table below clearly describes the difference between a debit and a credit card.

Debit Cards	Credit Cards
This type of plastic card offers the cardholder an easy method of withdrawing funds from their checking account directly.	A credit card provides credit to the cardholder for making balance transfer, purchases, and cash advances. They will have to repay this credit amount in the future.
Since these funds are not borrowed or taken as loan, no rate of interest is levied on them.	Since funds are borrowed in case of credit cards, the cardholder has to pay the interest. They will also have to bear interest charges on cash advance and balance transfer.
There is no need to make a minimum monthly payment.	They will have to make the minimum payment at least before or on the payment due date.
The banks usually not charge any annual fee on debit cards.	The banks charge an annual fee on a credit card in UAE. However, there are some “free for life” cards available.
The cardholder, however, must take care that they do not charge more funds than what is available in their account.	The credit card member will have to take care that they do not exceed the credit limit as determined by their bank.

Credit Card FAQs

What is the difference between rewards and cash back on credit cards?

Rewards Credit Card offers reward points on the frequency of swipe of your credit card. While the Cashback Credit Card offers a percentage of your purchase as cashback.

The most basic cashback offered is 1% of the purchase. You can use the cashback to pay off your annual fees or get it deposited in your account. One of the best cashback cards in the UAE is NAJM cashback Platinum Credit Card.

With the Rewards Credit Card, you can avail discounts on shopping and dining, gift cards, etc. One of the best Rewards Credit Card in the UAE is the Citi Prestige Credit Card.

Do credit cards also offer travel benefits?

Credit card specifically designed for travel benefits is called travel credit card. This type of credit card is suited for frequent fliers. With the travel credit card, a cardholder receives air mile points for every single AED spent. Not only that, the travel credit card offers lifestyle benefits too. Some of the other benefits of the travel credit card include shopping and dining discounts, discounts on hotels and flight tickets. The cardholder can also access the airport lounges. There are some additional benefits too.

Do all credit cards feature an annual fee and joining fee?

No, not all credit cards have an annual and a joining fee. Recently, many financial institutions in the UAE have started offering Free for Life Credit Cards. However, those Credit Cards that are free for a lifetime have limited benefits and rewards. While the credit cards that have annual fees offer higher benefits and rewards too. All the credit cards also have monthly interest rates attached to them.

How will I be able to own a credit card without paying any interest?

Most of the credit cards offer a no-interest period of around 50 to 55 days. If you are able to pay the complete balance outstanding during this period, then you won't be charged any interest.

What can I do in a situation where I am struggling to make the minimum payment due on my credit card?

In such a situation, you should arrange a meeting with an executive from your bank, then discuss the options available to you with them. You can perhaps convert the balance outstanding into a loan so as to pay off this balance on your card more quickly and at lower interest rates. If you are able to arrange this, then cut your card up and never make use of it again.

What does a Credit Card Balance Transfer mean?

When the balance from 1 credit card account is transferred to the other credit card account, it is known as the credit card balance transfer. When this balance transfer process gets completed, the cardholder will no longer owe any amount to the original credit card issuer, instead, the cardholder will owe this debt to the second credit card issuer.

Will I be able to use my credit card abroad?

Generally, you can use your credit card for making purchases abroad, but with all the restrictions that are applied while using it domestically. You might have to pay a foreign transaction charge at a certain percentage of the value of every transaction, so the best option is to use cash wherever possible.

Keep in mind, in a few cases, these charges are applicable to purchases made using foreign currency, even though you are sitting at home. Example, in case you purchase something online and make the payment in dollars, you might have to bear foreign transaction charges, verify with your bank in case of any ambiguity.

Some credit cards available charge no foreign transaction fees and designed specially designed for those cardholders who travel frequently and often make use of their credit cards abroad.

What can I use my credit card for?

More or less, credit cards can be used anywhere and anytime. They can be used for shopping online, at stores as well as on the call. However, keep in mind that all the credit cards are not accepted at all the retailers, as some banks might charge a high handling fee from the business, so many of these establishments will not accept payments made from the cards of these banks.

If my credit score is poor, can I still get a credit card?

You might have some trouble in getting the best credit card deals in the case that your credit rating is limited or poor. In a few cases, your application might be rejected altogether and you will not be able to buy a conventional credit card.

In such cases, you should take into consideration a credit card that has credit building features. These credit building cards come with high APR and their credit limit is low because of which you will be able to make your credit score better with time as you keep using them. This, in turn, will make your credit ratings better in the future when you wish to get better credit. Check out some common myths about credit score.

What does my credit rating mean?

Essentially, your credit ratings are your financial footprints. Credit ratings record all the past dealings you have done on credit, loan or any other such product. All the late and missed payments appear as a negative effect on your credit rating. This includes the missed payments for your subscriptions, utility bills and your library fines as well.

You can easily find your credit score on any of the agencies for credit checking active in the UAE.

In case you hold a non-existent or limited history through credit or loan, then your credit rating will become worse in this case.

While applying for a credit card, or any kind of loan for that matter, there will be an assessment of your credit rating. You can take out a better product if you have a better credit rating, vice versa. Here you can find the best way to improve credit score.

How can I pay off the credit card I own?

It is very simple and straight-forward to pay off the balance of a credit card and this can be done in many ways. It can be done over a phone call with the card provider, via a post through a cheque, through bank transfer, by setting up a debit directly to pay the minimum amount every month and the rest is to be done manually, or by visiting the branch and paying off your balance in person in the case where your card is issued by a bank or by a building society which has branches that you are able to visit.

The best option is paying off as much amount as you are capable of every month so as to avoid the payment of high interest on the balance remaining. Each credit card has a minimum amount which you should pay every month in order to avoid any hefty charges.

Do I need to pay interest on all purchases that I make using my credit card?

If in case you pay your credit card balance in full every month, you will not be charged any interest at all. When you do not pay the balance in full, then you will have to bear interest charges. If you hold a card that has an introductory zero percent interest period, in that case, until the time you maintain the minimum payment monthly in that duration, you will not have to bear any interest.

How can I know the credit limit other such information about my credit card?

The documents related to any credit card include a summary box of the credit card. The summary box includes all the information that is relevant to your credit card along with the APR, the credit limit and the breakdown of all the reward schemes or fees associated with the card in detail. Although the summary box includes all the information you might need, however, in case there is any information you are unable to find, then you can contact your bank and they will be able to help you.

How can I find out the due amount on my credit card?

The due amount for payment is mentioned in your statement of a credit card as "Total Payment Due". By making the payment of this amount, either on or prior to the due date, you can avail the advantage of a no-interest period on the credit card. The amount due in the credit card bill includes all the unpaid balance carried from the last statement, expenses that are billed for the current period, interest charges, annual fees (one-time in a year), a joining fee (only when taking a fresh card) and a lot of other taxes and charges.

What does the CVV number on my card mean?

The Card Verification Value or CVV Number is a three-digit number printed on the backside of the credit card at the right corner of the signature panel. It is also called the CVV2 and is an important part of the process of verification, especially for online transactions. This number must not be shared with anyone.

What does the Minimum Payment Due mean?

There is a minimum amount that you are required to pay either on or prior to the due date. Generally, this amount is calculated as a certain percentage of the total amount that is due according to your recent card statement. By making the payment of the minimum amount due on time, you will not have to bear late payment fees. But, keep in mind that making only this minimum payment on the amount due is a rookie mistake. Check out more about monthly minimum payments and other important credit card terms.

How much time will it take for me to apply for and receive a Credit Card?

It is just a matter of minutes when it comes to applying for a credit card online. When you are done with the process of online application and submitted it, you will be contacted by the executives from the bank and will be asked to submit a few supporting documents. As soon as your complete application form is received by the bank along with the required documents, it will take 2 weeks for your application to get processed. If the all the documents submitted by you are appropriate, the application has been approved, and all the verification is done by the bank, then your new credit card will be sent to you within seven working days. You will receive alerts on your application status timely through SMS on the mobile number mentioned in your form. You will also receive updates via emails which will be sent to your registered email ID.

Should I apply for a credit card online or visit a branch?

The most convenient method of applying for a credit card these days is through the online banking option of the bank. You can apply for the credit card of your choice sitting at home, or being anywhere else in the world, however, in case you are not comfortable with applying online, then you can visit the brick and mortar branch of the bank, then fill and submit the application form for buying a credit card of your choice. Here are some simple steps to apply for credit card online.

What is the difference between a credit card and a debit card?

Simply put, a credit card lets you spend credit amount that can be paid back later at the due date as pre-determined by the bank whereas, a debit card is attached to the bank account and lets you spend the existing amount in the account. In case of intended usage, the debit card must be used for both, in-store payments and for cash withdrawals, while, credit cards must be used for the former, however, the cardholder can make a certain amount of cash withdrawals using the credit cards (known as a cash advance) but at hefty charges.

Can I use my credit card for cash withdrawals from an ATM in Dubai?

Yes. You can sue your credit card to withdraw cash through an ATM in Dubai, however, when you do so, you will have to bear hefty cash advance charges. Hence, you should make such withdrawals only when it is completely necessary.

Whenever possible, you must make use of your credit card just for making purchases and not for withdrawing cash.