How Much Credit Limit You Need for Balance Transfer in UAE?

By Ruchi Gohri
  | Published: 16 November 2021

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Banks and other financial solutions providers in the UAE have developed various lending options to help customers deal with their financial challenges. These institutions offer facilities like personal loans, credit card loans, balance transfers, and more for easy debt repayments. 

Balance transfer is a banking facility that most banks offer through credit cards. The eligibility criteria for such credit cards are almost the same as all the other credit cards. With this service, the cardmembers can consolidate and transfer their multiple banks’ credit cards outstanding amount to their chosen bank’s credit card. 

Let us go ahead and learn more about how this service works, followed by the top three balance transfer credit cards that you can consider. 

How Much Debt Can You Consolidate and Transfer?

The amount that you can consolidate and transfer to your credit card depends upon the terms and conditions of the concerned bank. Most banks and credit card lenders allow cardmembers to transfer the amount equal to the whole or available credit card limit, but some come with specific capping percentages. 

For example, with Bank A credit card, you have 50 per cent of your limit available and you can transfer the amount equal to 50 per cent of your total credit limit. On the other hand, with Bank B credit card, you have 50 per cent of the credit limit available and you can transfer the balance equal to 60 per cent of the available credit limit.

The best part about this facility is that you can consolidate the outstanding balance of multiple credit cards from different banks, making your external due amount nil. Let us go ahead and learn how to initiate a balance transfer on credit cards.

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How to do a Balance Transfer Through a Credit Card?

You must first compare different balance transfer credit cards from different banks and other lenders in the UAE. Here are a few effective tips to help you do a balance transfer on credit cards.

  • Compare Credit Cards from Different Banks - The very first step is to find the best balance transfer credit card with exciting deals and offers. You can visit our website and go to the credit cards section to compare different credit cards in terms of their features and benefits. Most banks offer zero per cent balance transfers while others charge interest on the same. Try to opt for the one with no interest rates on balance transfers.
  • Get a Credit Card that Offers Balance Transfer Services - Banks and other lenders in the UAE offer credit cards to applicants with a good credit score. Make sure you maintain your credit score and apply for a credit card that offers the best balance transfer services. You may need to provide some documents such as your Emirates ID, passport with a valid residency visa, bank statements, other active credit card statements, a reference letter from the previous bank and more, depending upon the requirement of the chosen bank. The list of documents varies from bank to bank.
  • Evaluate Your Debt and Repayment Capacity - Make sure you evaluate your debts and know how much balance you need to transfer to other bank credit cards before starting. You must transfer as much debt as you can while preferring the ones with higher interest rates. This helps you clear your debts from other banks’ records. And you can then convert this transferred outstanding balance into easy monthly EMIs and make easy repayments.
  • Pay your EMIs on Time Until Your Debt Becomes Zero - Sometimes balance transfer leads to increasing your debts if you do not manage them well. Make sure you pay all your EMIs on time until your outstanding balance becomes zero. This way, you can save your credit score from reducing and getting affected. 

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Best High-Limit Balance Transfer Credit Cards in UAE

Here is a list of the best balance transfer credit cards in the UAE.

ADCB Etihad Guest Infinite Credit Card

With the balance transfer facility, the ADCB Etihad Guest Infinite Credit Card members can transfer their other bank’s credit card due amount to ADCB credit card to make easy payments. The cardmembers can convert their transferred outstanding amount into easy monthly EMIs of 48 months at zero percent interest.

ADCB Etihad Guest Infinite Credit Card
Airport Lounge Access
  • Minimum Salary AED 40,000
  • Annual Fee AED 2,625
  • Airport Lounge Access
  • Dining Discounts
  • Golf Benefits

Here are the major features & benefits of the ADCB credit card.

  • Annual membership charges of AED 2,625
  • Minimum monthly salary of AED 40,000 
  • Welcome bonus of 60,000 Etihad Guest Miles 
  • Monthly bonus of 5,000 Etihad Guest Miles on making purchases of USD 5,000 or more
  • A minimum credit card bill payment of 5 per cent and carry forward the remaining amount in the next billing cycle.
  • Travel benefits like complimentary flight upgrade vouchers, free airport lounge access, airport chauffeur rides with Careem and more.
  • 30 per cent discount at over 1,400 restaurants in addition to attractive discounts on travel, shopping, entertainment and more
  • Credit shield insurance against any unfortunate event such as loss of employment, illness, permanent or partial disability, or death
  • Extended one-year warranty over the manufacturer’s warranty on purchasing products using an ADCB credit card

FAB du Platinum Credit Card

This is one of the best balance transfer credit cards in the UAE. With the balance transfer facility, FAB DU Platinum Credit Card members can consolidate and transfer their other banks’ credit cards payable amount to FAB Credit Card in just a few clicks. The cardmembers can then convert this amount into 12-month EMIs to make easy repayment at a zero per cent interest rate.

FAB du Platinum Credit Card
Free for Life
  • Minimum Salary AED 15,000
  • Annual Fee AED 0
  • Airport Lounge Access
  • Special Discounts
  • Free for Life

Here are the major features and benefits of the FAB DU Platinum credit card.

  • Minimum salary requirement of AED 15,000 per month
  • A reward program to help cardmembers earn first reward points on each AED spent using the FAB DU Platinum Credit Card.
  • 1 First Mile on every USD spent locally and 2 First Miles on every USD spent internationally
  • 3 per cent First Cashback Points on local and 5 per cent First Cashback Points on international spending using the FAB DU Platinum Credit Card.
  • Exclusive discounts on du post-paid line, prepaid line and home service bill payments 
  • 10 per cent cashback for the entire year when shopping at global online stores
  • Triple first reward points on du bill payments and recharges through FAB DU Platinum Credit Card
  • Purchase protection benefits against theft or accidental damage for the items purchased using their FAB credit card. The cardmembers can avail of this offer within 180 days from the date of purchase.
  • A wide range of rewarding offers while spending using Arabia MasterCard across shopping, sports, entertainment, hotels, dining, tickets and other attractions.
  • 10 per cent cashback on du bill payments
  • A maximum of 4 monthly discounted movie tickets at just AED 20 each on weekends and AED 15 on weekdays at Oscar Cinema, REEL Cinema and Cine Royal.
  • Free first four accesses to over 1000 airport lounges in more than 300 cities
You may also like this - Apply to Best Credit Card in UAE

The Bottom Line

Availing of a balance transfer facility using your credit card is not the best idea to get rid of your credit card outstanding amount. It sometimes adds even more to your debts. So before you opt for this facility, make sure you consider all the other debt-relief options. 

You can arrange funds from your friends or family. Or you can visit our website to check out other financial options. In case you need personalized assistance, you can always call our help and support representatives to seek advice. They will help you with all the available options and take you through the pros and cons of balance transfers based on your preferences.

Top Bank's Credit Cards That Offer Balance Transfer in UAE

Balance Transfer Credit Cards in UAE
Noor Balance Transfer Credit Cards in UAE RAKBANK Balance Transfer Credit Cards in UAE
Deem Balance Transfer Credit Cards in UAE FAB Balance Transfer Card in UAE
Mashreq Balance Transfer Card in UAE ADCB Balance Transfer Credit Cards in UAE
Finance House Balance Transfer Credit Card in UAE HSBC Balance Transfer Credit Card in UAE
Ruchi Gohri
Ruchi Gohri

Senior Content Writer | She has a penchant for writing and with over 5 years of experience, she plays around with words elegantly, crafting simple content for all to read. In her free time, she loves her couch either to read or catch on to her sleep.