What Does a 537 Credit Score Mean?

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The following table will help you understand under what range the 537 credit score falls in. Once you get an idea about the same, we will then discuss the credit facilities that are available at your disposal with this credit score.

Credit Score Range Score Range Type
300 to 619 Poor
620 to 679 Fair
680 to 730 Good
731 to 900 Excellent

As evident from the table above, a 537 credit score is considered a poor credit score UAE. This credit score reduces and almost nullifies the credit options that could have been available for you.

A 537 credit Score implies that you are not a creditworthy individual and might face problems in repaying the debts when the time comes. For this reason. banks in the UAE might end up rejecting your loans and credit card applications.

To get the best credit facilities, you should first work on improving your credit score.

Factors That Influence Your Credit Score in General

Here are the major factors that build your credit score in general -

  • Payment history - This aspect carries the most weight in determining your credit score. It is primarily based on the timeliness or lateness of all recorded payments, with greater emphasis placed on recent payments.
  • Debt accumulation - The second most influential factor in your credit score is the total amount that you owe through loans and credit card debt. This is calculated by considering the difference between your credit card limit and your current credit card balance.
  • Length of credit history - This component of your credit score depends on how long you have been using bank accounts, credit cards, and other credit instruments. It calculates the average age of all your accounts, cards, and credit instruments to determine the length of your credit history.
  • Account types - The types of accounts that you have also play a role in determining your credit score. This includes both retail bank accounts and revolving or instalment credit accounts, and how you manage them.
  • Number of inquiries - The number of inquiries on your credit report or newly opened accounts within a short time frame can potentially have negative effects on your credit score. While a few inquiries may not harm your score, multiple ones can raise questions and prompt an investigation into the reasons behind these actions.

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Can You Get a Credit Card with a 537 Credit Score?

To get the best credit cards in the UAE, you need to improve your credit score from 537 as chances are high that your credit card application will get rejected by the bank. Once you have improved your credit score, you can get any of the following credit card options -

Credit Card Features and Benefits
Abu Dhabi Commercial Bank Talabat ADCB Credit Card
  • Minimum Salary - AED 5,000 per month
  • Free-for-life credit card
  • A welcome bonus of AED 500
  • Get talabat credits when you use the card:
    • 35% talabat credit on the first 10 orders each month, up to AED 35 per order, and a total of AED 350 per month. Any extra orders earn 1.25% talabat credit.
    • 1.25% talabat credit on all other purchases, whether in the UAE or abroad.
    • 0.35% talabat credit on certain types of domestic purchases like fuel, education, government services, and more.
    • 0.35% talabat credit on all purchases made in Europe.
  • Use the talabat credits to make your talabat orders free.
  • Get unlimited free delivery on talabat orders when you meet the minimum order requirements —
    • For talabat pro restaurants, spend AED 50 or more.
    • For talabat mart, pharmacy, and grocery orders labelled as 'pro,' spend AED 100 or more.
  • Whether you're into staying healthy, love indulging in comfort food, or are a fearless food adventurer, the bank offers seven unique card designs so you can pick one that suits your foodie personality.
  • Get the perk of unlimited access to over 20 MasterCard airport lounges around the world.
  • When you use a talabat adcb credit card to book your next vacation on booking.com, you can receive up to 10% cashback.
  • If you use your Platinum MasterCard to book a roundtrip flight or hotel through Cleartrip, you can enjoy a discount of up to 30%.
Citibank Citi Premier Credit Card
  • Minimum Salary - AED 15,000 per month
  • Annual Fee - AED 750
  • Get 3 ThankYou Points for every dollar spent on dining and fuel, 2 ThankYou Points for non-AED purchases, and 1.5 ThankYou Points for local (AED) spending.
  • Use your ThankYou Points for travel rewards, products, gift vouchers, and more.
  • Transfer your ThankYou Points to 12 airline and hotel partners for flights and hotel stays.
  • Redeem points for cashback or shopping vouchers.
  • Choose from a wide range of merchandise, including clothing, electronics, and home goods.
  • Offset AED 500 with 15,000 ThankYou Points for any travel-related expenses, with no restrictions.
  • Enjoy unlimited access to over 1,100 lounges worldwide, along with a guest, using the MasterCard Travel Pass app.
  • Get a 30% discount on four movie tickets at VOX Cinemas every month.
  • Enjoy free-of-cost golf once a month at select top golf courses in the UAE.
  • Enjoy free-of-cost Travel Insurance and Purchase Protection.
  • Receive a free-of-cost Marhaba Bronze Meet & Greet service once a year at the Dubai International Airport.
  • Get 6 free-of-cost airport rides per year (up to AED 110 each) using the code ‘MAUAE6’ on the Careem app.
Emirates NBD Skywards Infinite Credit Card
  • Minimum Salary - AED 30,000 per month
  • Annual Fee - AED 1,575
  • Welcome offer: Get up to 100,000 bonus Skywards Miles and a free Rotana Rewards membership for one year.
  • Enjoy a free-of-cost upgrade to Emirates Skywards Silver membership.
  • Access the Business Class Lounge with your Silver membership.
  • Earn Skywards Miles on your spending at a rate of 2 Miles per USD 1 on Emirates, flydubai, duty-free, online food delivery, and car booking apps.
  • For international spending, you will earn 1.5 Miles per USD 1 
  • For domestic spending, you'll earn 1 Mile per USD 1.
  • Enrol in the Skywards Express Miles program to have a chance to earn 50% more Skywards Miles on all purchases except with Emirates.
  • You can enjoy unlimited free access to over 1,000 airport lounges worldwide through LoungeKey.
  • Enjoy free-of-cost access to premium golf courses in the UAE.
  • Take advantage of concierge services to handle your time-consuming tasks.
Emirates Islamic RTA Card
  • Minimum Salary - AED 5,000 per month
  • No Annual Fee
  • Apply now for this Emirates Islamic Credit Card and receive an AED 200 noon.com gift card for your noon.com purchases, including noon, FOOD, and DAILY.
  • Get up to 10% cashback on RTA transport and fuel spending.
  • Receive up to 2.25% cashback on international purchases.
  • Enjoy up to 1.25% cashback on other shopping and expenses.
  • Get 2 free ‘Buy 1 Get 1’ offers for Reel movie tickets every month.
  • Receive a USD 25 food or beverage credit at 900+ hotels worldwide with Visa Luxury Hotel Collection.
  • Enjoy the convenience, security, and easy payments with Samsung Pay, Apple Pay, and Google Pay.
  • Get up to 4 free-of-cost Supplementary Cards with no annual fee.
  • Automatically top-up your Salik and NOL accounts.
  • Use one card for both NOL and credit transactions without being required to carry two different cards.
  • No blackout dates when redeeming cashback
  • Benefit from Purchase Protection for lost, stolen, or damaged items.
  • Use cashback to pay your outstanding balance.
  • Access standard class fare and basic class fare deductions from Nol Tag ID.
  • Automatically double the warranty for items purchased with your card with an Extended Warranty.
  • Transfer your other credit card balances to Emirates Islamic and reduce your per-month payments.
  • Shop online securely with the 3D Secure feature.
  • Convert significant transactions into manageable monthly instalments with the bank’s Easy Payment Plans.
First Abu Dhabi Bank FAB Infinite Travel Card
  • Minimum Salary - AED 30,000 per month
  • Annual Fee - AED 1,500 
  • Redeem rewards with 800+ airlines, 500,000+ hotels, and car rentals.
  • Enjoy travel perks like miles transfer and discounts.
  • No fees for international transactions
  • Get a free night for every 3 paid nights via FAB Travel Portal.
  • Receive a guaranteed AED 1,500 travel voucher upon card activation.
  • Use your Travel Card abroad without any foreign transaction fees (excluding currency conversion).
  • Access more than 1,000 airport lounges globally with a guest for free.
  • Exchange FAB Miles with airline and hotel partners.
  • Use your FAB Infinite Travel Card on Uber and get up to USD 25 credit per ride for non-UAE international airport transfers (up to 6 transfers in a year).
  • Receive up to 8 free airport transfers per year within the UAE.
  • Earn 1.5 FAB Miles for every USD 1 spent on retail purchases.
  • Earn 2 FAB Miles for every USD 1 spent on travel purchases.
  • Get 30% discount on Meet and Greet services at 450+ global airports with your FAB Visa Travel Card.
  • Get up to 20% off at Jumeirah dining establishments and Meraas venues.
  • Enjoy 'buy one get one free' deals with the ‘Visa Offers MENA’ app.
  • Receive discounts on golf club green fees worldwide.
  • Get up to USD 1 million in free travel accident insurance when using your FAB Travel Card to buy tickets.
  • As a Visa cardholder, enjoy up to 35% discount on standard rates and 30% off on international leisure rates.

Can You Get a Personal Loan with a 537 Credit Score?

To get the best personal loan in the UAE, it is important to improve your 537 credit score. Not doing so can lead to personal loan application rejection.

Here are some personal loan options that you can get when you get a good credit score -

Personal Loan Features
Emirates NBD Loans for UAE Nationals 
  • Minimum Salary - AED 5,000 a month
  • Reducing Rate - Starting from 5.99% per annum
  • Salary transfer loan
  • Maximum Loan Amount - AED 4,000,000
  • Loan Repayment Tenure - 48 months 
Commercial Bank of Dubai Quick Loan
  • Minimum Salary - AED 8,000 per month
  • Maximum Loan Amount - AED 150,000
  • Flexible Loan Repayment Tenure - 48 months
  • Fixed Rate - Starting from 7.6% p.a.
  • Reducing Rate - Starting from 14% p.a.
  • Non-salary transfer loan
Emirates NBD Loans for Expatriates
  • Minimum Salary - AED 5,000 per month
  • Reducing Rate - Starting from 5.99% p.a.
  • Maximum Loan Amount - AED 2,000,000
  • Salary transfer loan
  • Flexible Loan Repayment Tenure - 48 months
Deem Finance Personal Loan
  • Minimum Salary - AED 5,000 per month
  • Non-salary transfer loan
  • Maximum Loan Amount - AED 150,000
  • Flexible Loan Repayment Tenure - Up to 4 years
  • Reducing Rate - 15.99% p.a. to 34.99% p.a.
First Abu Dhabi Bank Personal Loan for UAE Nationals
  • Minimum Salary - AED 7,000 per month
  • Maximum Loan Amount - AED 5,000,000 
  • Flexible Loan Repayment Tenure 
  • Insurance included
  • Salary transfer loan
  • Fixed Rate - 2.58% p.a.
  • Reducing Rate - 4.89% p.a.

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Can You Get a Home Loan with a 537 Credit Score?

You cannot get many home loan options with a 537 credit score. Even if by chance your loan gets approved, you would be charged a high interest rate.

The best way to get a home loan at a lower interest rate is to improve your credit score. Here are the options for the same -

Home Loan Features and Benefits
Emirates NBD Home Loans for UAE Nationals
  • Maximum Loan Amount - AED 5,000,000
  • Maximum Loan Repayment Tenure - 25 years
  • Minimum Salary - AED 10,000 per month
  • Fixed Rate - 3.04% p.a.
  • Reducing Rate - 5.75% p.a.
  • 20% down payment
Emirates Islamic Home Finance Bina’a for UAE Nationals
  • Minimum Salary - AED 15,000 per month
  • Maximum Finance Amount - AED 15,000,000
  • Maximum Finance Repayment Tenure - 25 years
  • 20% down payment
  • Fixed Rate - 1.75% p.a.
  • Reducing Rate - 3.49% p.a.
Commercial Bank of Dubai Mortgage Loan for Salaried
  • Maximum Loan Amount - AED 25,000,000
  • Maximum Loan Repayment Tenure - 25 years
  • Minimum Salary - AED 12,000 per month
  • Fixed Rate - 2.18% p.a.
  • Reducing Rate - 3.54% p.a.
  • 25% down payment
Abu Dhabi Islamic Bank Home Loan for Expats
  • Maximum Finance Amount - AED 15,000,000
  • Maximum Finance Repayment Tenure - 25 years
  • Minimum Salary - AED 15,000 per month
  • Fixed Rate - 2.06% p.a.
  • Reducing Rate - 3.75% p.a.
  • 25% down payment
Sharjah Islamic Bank Real Estate Finance
  • Maximum Finance Amount - AED 8,000,000
  • Maximum Finance Repayment Tenure - 25 years
  • Minimum Salary - AED 12,000 per month
  • 20% down payment 
  • Fixed Rate - 2.75% p.a.
  • Reducing Rate - 4.99% p.a.

Can You Get Insurance with a 537 Credit Score?

Your poor credit score can also affect your insurance premium rate. This is because the insurance provider is taking a risk when providing you with an insurance plan and they would cover the risk by charging you a higher premium.

To get the best insurance plans at an affordable premium rate, make sure to improve your UAE credit score.

Can You Get an Auto Loan with a 537 Credit Score?

You cannot get a promising auto loan with a 537 credit score. To get the best auto loan, just like other loans in UAE, improve your credit score.

Here are the best auto loan options you can get once you improve your credit score -

Home Loan Features and Benefit
First Abu Dhabi Bank Islamic Car Finance (UAE Nationals)
  • Minimum Salary - AED 7,000 per month
  • Maximum Finance Amount - AED 1,500,000 or 80% of the car value
  • Fixed Rate - 3.19% p.a.
  • Reducing Rate - 5.98% p.a.
HSBC Car Loan
  • Minimum Salary - AED 10,000 per month
  • Maximum Loan Amount - AED 600,000
  • Interest Rate - 1.99% p.a.
Emirates NBD Auto Loan
  • Minimum Salary - AED 5,000 per month
  • Fixed Rate - 1.99% p.a.
  • Credit card included
  • Free bank account
  • Fast track approval
  • Minimum documentation
Emirates Islamic Bank Green Auto Finance
  • Minimum Salary - AED 15,000 per month
  • Fixed Rate - 2.49% p.a.
  • Reducing Rate - 4.72% p.a.
  • Finance Repayment Tenure - Up to 5 years

Tips to Improve Your 537 AECB Credit Score

Having explored the options regarding different credit products, let’s discuss some tips to improve your 537 credit score -

  • Examine Your Credit Report - It's a wise practice to regularly review your credit reports, as doing so offers two crucial insights that directly impact your credit score. Firstly, you can identify the loans or credit cards that may be dragging down your score due to defaults or late payments. Secondly, it enables you to review the information recorded in your credit report. This information is valuable for improving your credit score because, should you notice any negative entries such as defaults or payment delays, you can approach your bank and the credit reporting agency (AECB) to rectify the situation.
  • Monitor Your Credit Utilisation Ratio - It's essential to avoid relying solely on your credit card for all your financial transactions. Aim to maintain a credit utilisation ratio of 30% or lower to observe a positive impact on your AECB score.
  • Avoid Frequent Credit Applications After Rejection - When your loan or credit card application gets declined, this information gets recorded in your credit report. If you promptly reapply at another bank, they will see your low score and previous rejection, which might lead to another rejection. In such cases, it's advisable not to reapply immediately and instead wait for your credit score to improve.
  • Limit the Frequency of Credit Applications - Another reason to limit your loan and credit card applications is that each time you apply for credit, the bank requests your credit report from AECB — these inquiries are noted in your report. Bank inquiries can negatively impact your score, giving the impression of credit-hungry behaviour. Furthermore, your score may drop even if you have the means and intention to repay the loan or credit card on time.
  • Prioritise Loan Repayments - If you've been delaying loan payments, it's crucial to prioritise prompt payments. If you find it challenging to meet your current Equated Monthly Instalment (EMI), you can approach your bank to explore options for restructuring the debt to make it more manageable.
  • Timely Payment of Credit Card Balances - With credit cards, it's advisable not to approach your credit limit too closely. Additionally, make sure that you pay the full amount due on your cards or at least a substantial portion instead of just the minimum amount.
  • Minimise Borrowing Activities - Frequently applying for loans or nearing your credit card limit can lower your credit score as it again indicates credit-greedy behaviour. It's best to take out loans only when absolutely necessary and to avoid getting close to the credit limits on your cards.
  • Diversify Your Credit Portfolio - When it comes to loans, there are two categories: secured and unsecured. If you take too many unsecured loans, banks may perceive it negatively, potentially leading to loan rejections.

To counter this, consider a mix of unsecured loans such as personal loans and secured loans like car or home loans. It's worth noting that credit cards also fall under unsecured credit.

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