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Deem Finance Credit Card Eligibility

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Deem Finance has several excellent credit card options in its itinerary that facilitate payments for customers in a convenient manner (along with numerous offers and rewards) in the UAE. There are primarily 3 types of cards - Titanium, Platinum, and World cards - available on the official website of Deem Finance. However, while obtaining one of these cards is easy, you will need to keep the Deem Finance credit card eligibility rules in mind before making an application. 

Basic Eligibility Requirements to Apply for Deem Credit Cards 

The basic eligibility requirements that apply for all the Deem Finance credit cards are listed below:

  • The applicant must be in the age group of 21 to 65 years 
  • Applicants must be residents of the country
  • A good credit score is required on the applicant’s part 
  • The minimum income bandwidth varies from AED 5,000 to AED 25,000 (AED 5,000 for Titanium, AED 10,000 for Platinum, and AED 25,000 for World cards) 

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Top Deem Credit Card Eligibility Criteria 

CREDIT CARD

ELIGIBILITY CRITERIA

Deem MasterCard Platinum Cash Up Credit Card

  • Minimum monthly income - AED 10,000
  • The salary should be transferred to a bank account
  • UAE national or a resident
  • Minimum age: 21 years

Deem MasterCard Titanium Miles Up Credit Card

  • Minimum income - AED 5,000 per month
  • A salary account is necessary
  • Age group - 21 to 65 years

Deem MasterCard World Cash Up Credit Card

  • Minimum monthly income - AED 25,000
  • A salary account is necessary
  • Both UAE nationals and residents are eligible

Deem MasterCard Titanium Cash Up Credit Card

  • Minimum monthly income - AED 5,000
  • A salary account is necessary
  • Age group - 21 to 65 years

Deem MasterCard World Miles Up Credit Card

  • Minimum income - AED 25,000 per month
  • A salary account is necessary
  • Both UAE nationals and residents can apply

Documents Necessary to Apply for Deem Credit Card

The following is the list of documents that you would be required to submit to apply for Deem Finance credit card –

  1. Resident Visa and a copy of your Passport (if you are an ex-pat)
  2. Salary certificate stamped by your employer (for salaried employees)
  3. Bank statement for the last three to six months
  4. Utility bill as an address proof
  5. Trade licence (for business owners)
  6. Valid Emirates ID

Note: The credit card provider may ask for additional documents during the application process 

Factors that Influence the Deem Finance Credit Card Eligibility Criteria

Some of the common factors that can influence your credit card eligibility are –

  • Age - As per Deem Finance guidelines, the minimum age to apply for Deem Finance credit card is 21 years while the upper age limit is restricted to 65 years. A legal guardian or a parent can apply for a credit card on behalf of the minor. 
  • Minimum Wage - You need a monthly salary of at least AED 5,000 for Titanium, AED 10,000 for Platinum, and AED 25,000 for World. Moreover, it has to be ensured that the salary is received in a bank account.
  • Credit History - One of the most essential factors to consider when applying for Deem Finance credit card is to maintain a good credit score and credit history. The credit card provider checks the past records of loans, late payments, and repayment to ensure that you can pay your credit card bill on time. For this, you may also be asked to provide a bank statement for the last three to six months. 

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How to Improve Your Deem Finance Credit Card Eligibility in UAE?

The following are some tips to consider when applying for Deem Finance credit card-

  1. Improve your credit score - You can improve your credit score to increase the chances of getting the credit card application approved. For this, you can pay your bills on time, clear the existing loans, smartly manage your existing cards, and avoid applying for a loan multiple times. 
  2. Do not apply for a credit card repeatedly – It is highly recommended to avoid applying for several credit cards at once, as this may indicate a lack of money or financial mismanagement on your part. This can negatively impact your credit report and lead to the rejection of your Deem Finance credit card application. 
  3. Submit all the documents on time - Provide all the paperwork including the identity proof, income statements, address proof, and other documents that Deem Finance asks for. Moreover, make sure to provide only the valid documents, as providing incorrect documents or failing to submit the documents on time may lead to a rejection of your application.
  4. Pay the outstanding loans and bills in time - Make sure to pay all your bills, including those from credit cards, on or before the due date. This is because prior to granting your request for a credit card, credit companies thoroughly investigate your credit repaying history.

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FAQ's

How can you apply for Deem Finance Credit Card?

To apply for a Deem Finance credit card, you can visit the ‘credit cards’ section of policybazaar.ae. After filling out the brief form there, you will be able to check out the available credit card options at the best rates – you can then apply for one in just a few clicks (or taps) of your device.

What is Double Secure Protection?

Double secure protection is an additional insurance facility that offers coverage for the remaining balance on your credit card and provides the beneficiary with an equivalent amount in case the cardholder passes away.

What transactions cannot be performed using Deem Finance Miles Up credit card?

You cannot perform the following transactions via Deem Finance Miles Up card -

  • Balance transfers
  • Cash advances
  • Merchant refunds
  • Cash on phone
  • Credit card payments
  • Wire transfer money order
  • Quasi-cash transactions
  • Fees and commissions
How much should you spend in a month to earn Miles Up points?

To earn Miles Up points, one would be required to make a spending of AED 2,000 for the World Card, AED 1,500 for the Platinum credit card, and AED 1,000 for the Titanium credit card in a calendar month.

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