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Finance House Credit Card Eligibility

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Established in 2004, Finance House is one of the leading public joint-stock companies offering independent banking solutions in the UAE. The bank is prominent in the country as it provides both consumer and commercial financing products and services.

Some of its products with numerous attractive benefits are the Finance House credit cards, which provide customers with exciting deals and discounts on shopping, dining, travel, entertainment, and lifestyle. While you can also enjoy these offers by simply applying for a Finance House credit card, you must first check if you meet the Finance House credit card eligibility criteria of the card of your choice. 

Finance House Credit Card Eligibility in the UAE

Find below the Finance House credit card eligibility criteria you have to fulfil when applying for a credit card.

  • The applicant must be a UAE resident with a good credit score.
  • A minimum monthly income of AED 5,000 is necessary to apply for Finance House credit cards.
  • The applicant should have a healthy relationship with the current bank.
  • The applicant must be self-employed or salaried.
  • A regular source of income for the applicant in the UAE is required.

Documents Required to Apply for Finance House Credit Cards

Here are the documents required to apply for Finance House Credit Cards.

  • A duly filled out application form
  • Emirates ID for identity verification – Original and a copy
  • A valid Passport with Residency Visa (for address verification) – Original and a copy
  • A valid trade license for self-employed applicants – Original and a copy 
  • Bank Statement for the previous three months (for income and address verification) – Original and a copy
  • A signed security cheque
  • Utility Bill or Contract of Tenancy (for address verification) – Original and a copy
  • Appointment Letter/Salary Transfer Letter (for income and designation verification) – Original and a copy

Factors Affecting Finance House Credit Card Eligibility

A few major factors that affect your Finance House credit card eligibility are listed below.

  1. Credit Score: Your credit score combines multiple factors like the number of active loans, credit usage, repayment history, and more. This aspect is crucial, as all the banks and financial institutions check your credit score before providing you with a loan or credit card. You should strive to maintain a good credit score by paying all your dues on time without missing out on any monthly payments.
  2. Monthly Income: Finance House credit cards come with a specific monthly income requirement of AED 5,000 for all applicants. You must meet your chosen Finance House credit card eligibility criteria to get your application approved without any hassle.
  3. Age: Banks in the UAE have specific age requirements for providing a credit card. You can contact the Finance House credit card help and support line to check the age eligibility criteria of your preferred credit card type.
  4. Debt Management: Make sure that you pay your debts on or before the due date, as a good debt repayment history adds another star to your credit report. Besides helping you get a credit card of your choice, satisfactory debt management also allows you to avail of a higher credit limit.
  5. Credit Settlement: When people pile up their debts by making delayed or partial payments, they often try to get rid of them at a reduced amount with the bank. Such settlements help you clear your dues, yet make a dent on your credit report at the same time. You must avoid such credit settlements when maintaining a good credit score.

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Simple Ways to Improve Finance House Credit Card Eligibility

Here is what you can do to improve your Finance House credit card eligibility.

  • Completing on-time debt repayment can help you enhance your Finance House credit card eligibility by adding a positive factor to your credit report. Make sure to not miss out on any monthly payments and pay all your credit card bills in full to maintain a good credit score.
  • Always state all your income resources in your credit card application form. This aspect helps your bank calculate your debt-to-income ratio and know that you can take care of your debts while paying for other financial requirements. 
  • A lower number of credit inquiries is cited as an easy way to help you enhance your Finance House credit card eligibility. Instead of calling your bank for every other credit-related query, you can visit the bank’s online portal or our credit cards section to find answers to your questions. 

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FAQs on Finance House Credit Card Eligibility

How can I check my Finance House credit card eligibility?

You can visit the bank’s website or contact its help and support team to check your chosen credit card eligibility. Also, you can visit our credit cards section to get detailed information about your preferred Finance House Credit Card.

What are the steps to apply for a Finance House credit card online?

You can visit the bank’s website, online banking portal, or our credit cards section to apply for your desired Finance House credit card. The steps are almost the same for all the portals.

  • Fill out the application form
  • Attach the required documents
  • Submit the form

 

Can I get a Finance House Credit Card as a self-employed individual?

Yes, you can apply for a Finance house credit card as a self-employed individual. The process remains the same, as all you have to do is fill out the application form by providing your basic details and submit it with supporting documents. 

 

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