Credit Score – The One Financial Number that Everyone Must Know, Monitor, & Manage

By Laxita Gautam
  | Published: 22 October 2021 | Last Updated On: 12 November 2021

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Credit Score - Number Range Between 300 - 900

A credit score is a three-digit number that shows whether or not you’re considered a viable credit risk. It represents your capacity and/or likeliness to repay a loan or mortgage. This number ranges between 300-900 and is generally complied independently on the basis of credit reporting algorithms. In business terms, your credit score tells your creditworthiness as a borrower. Banks and other financial institutions use credit score as one of the main parameters to determine how high or low-risk it is to give you credit cards, personal loans and other similar of credits. The higher your credit score, the lesser risk you carry as a borrower and hence can get bigger loans and credit cards with a higher spending limit.  

What is Credit Report? 

A credit report of an individual is essentially complied data of their complete credit history. This includes any loans you have taken, mortgages, overdrafts on your accounts, phone bills paid, your credit card transactions, etc. Any UAE citizen with a history of even one of these payments/parameters will have a credit report. The credit report of a person determines the credit score. Every parameter that showcases your spending and payment habits is linked to your Emirates ID number and hence recorded in your credit report

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How Are Credit Scores Assessed? 

As mentioned before, your credit report is used to calculate credit score in UAE. From defaulted payments to bounced checks, everything related to spending and in handling your finances is used to calculate your credit score in the UAE. The parameters that are used in the calculation of credit scores can be divided into 5 five parts:

  • Payment History - EMI payments, phone bills, and every other kind of payment you make is considered when determining your payment history and behavior. AECB (Al Etihad Credit Bureau) calculates credit score in the UAE, keeps a record of these transactions to determine your promptness and earnestness in paying your dues. The general payment of your credit card bill every month or the EMI arrangement you may have on your debit or credit card is also considered here. When made on time, payment history has a positive impact on your credit score. It is one of the factors with the highest level of influence. 

  • CUR or Credit Utilisation Ratio - The credit utilisation ratio is the part or percentage of the total credit limit you utilise in a month. For example, if your credit card has a limit of AED 50,000 and you spend approximately AED 25,000 every month, your CUR becomes 50%. As a rule, higher CUR will showcase you as a credit-hungry customer and hence lower the credit score exponentially. Most banks and AECB consider CURs lower than 30% to be good. Anything higher than 30% will affect the credit scoring process negatively. 

  • Duration of Your Credit Line  - Regardless of popular belief, the long duration of your credit line has a positive impact on credit scoring. Meaning, if you have had a credit card for a very long time or have an old loan, it may deliver a good impact on your credit score. A longer credit line represents you as someone who knows how to properly manage their credits and is responsible for paying their dues. 

  • Number of Credit Accounts and Products - A wide variety of well managed credit accounts and products in your credit report are shown to have a positive impact on your credit score. While this factor is not one of the primary ones to influence credit scores in the UAE, it still may make a difference. A good mix of credit cards, secured loans, and unsecured loans shows that you are experienced in handling different kinds of credit accounts. 

  • Credit Enquiries Made in the Past - One of the least influential factors from the list, the enquiries you make about loans and credit cards may also impact your credit score in the UAE. Every time you enquire about a credit account, the bank checks your credit score and you lose a few points, every time.  

There are more than 2000 smaller factors falling in these 5 categories that are used to determine the 3-digit number we know as credit score. Every small and big transaction you make can affect your credit score. If you default a payment today, your credit score will go down a few points even if you have been nothing short of the perfect borrower in the past.

Who Calculates Credit Scores in the UAE?

AECB, Al Etihad Credit Bureau, is responsible for calculating credit scores in the UAE. It collects the aforementioned data from institutions like banks, telecom companies, and finance companies. The collected crude data is then categorised as per the above-mentioned classification and then credit scores are generated. AECB is managing credit data of over 8 million bank customers as well as over 60,000 companies in the UAE. It works in collaboration with Dubai, Abu Dhabi and Ras al Khaimah courts. 

How Can You Check Your Credit Score in UAE & Dubai?

You can easily check your personal credit score in the UAE by logging on to or the AECB application available on App Store and Google Play. It is also possible to download your AECB report from these platforms. Enter your personal details such as Emirates ID number, passport details, etc. when prompted. Complete the payment for the service you want to redeem – AECB credit score, credit report or, both. You will receive an email with the details in about 30 minutes. 

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Following is the schedule of fees for checking your personal credit score in the UAE:

  • Credit Score: AED 31.50
  • Credit Report: AED 84 
  • Credit Score and Credit Report: AED 105

You can also check your commercial credit score via AECB portals. Given below are the details and documents you need to provide:

  • Original trade license of the company 
  • Emirates ID of the authorised signatory of the company 
  • Article of Association of the company
  • Letter request for AECB credit score from the business owner, partner or manager signed by an authorised bank
  • Payment receipt commercial credit score charges - AED 220

How Can I Check My Credit Score for Free?

Tracking your credit score in the UAE comes with a small fee. However, Policybazaar UAE is an official partner of AECB and hence can help you get your credit score and AECB report for free. Every time you apply for credit cards or personal loans with Policybazaar UAE, we provide you with free information related to your credit score and credit report. Simply ask the executive you are in touch with to provide you with the required information. Provide the required personal details to obtain the credit score and that’s it. You will receive the information shortly afterwards. 

How to Get a High Bank Credit Score in UAE & Dubai?

Financial institutions and experts explain that there is no pre-mixed formula to better your credit score and reach a higher number. However, there are a few things that you can try and improve to shoot up the Etihad credit bureau score:

  • Payment Record: Keep your payment history spotless by never missing one. Always make your phone bill payments, credit card payments and EMI payments on time to maintain a high AECB credit score. 
  • Credit Utilisation Ratio: Aim to maintain a lower credit utilisation ratio. Use your credit card up to the recommended limit only and always pay it back on time. 
  • Get the Errors Rectified: Since it is a collection of several small components, a few errors can sneak into your credit history. If you find any such errors which are affecting your AECB credit score negatively, get them corrected by contacting the AECB support centre. Your concern will be raised with and resolved by the concerned information provider. 
  • Diversify Your Credit Line: If you have already taken an unsecured loan and planning to take another one, try and opt for a secured loan this time. As explained above, diverse credit accounts can improve your AECB credit score as well. 
  • Go for Long-Term Loans: Long term loans will elongate your credit line and improve your Etihad credit bureau score. Instead of changing your credit cards frequently, hold onto one for a long time. 
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Who Can Access Your Credit Data in UAE?

Financial institutions like banks and the Al Etihad Credit Bureau can access your credit information. They use this information to determine whether you will repay your loans and credit card dues on time. Figuring out a customer’s creditworthiness is an important factor in determining whether to offer them credit accounts or not. Apart from that, real estate companies and insurance providers may also take a look at the credit score before doing business with a customer. The reason is simple – a good AECB credit score will represent you as a financially responsible person. This is the first eligibility criterion any business look into. 

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Will Covid-19 Debt Relief Affect My Credit Score in UAE?

Payment delays affect your credit score in the UAE, true. However, it is not the same in the case of the Covid-19 debt relief scheme. The Covid-19 debt relief scheme run by most banks across the UAE is an arrangement akin to a payment holiday. Here, banks voluntarily allowed you to shift your payment deadline a few months forward. Since, this is not a case of missed or defaulted payment, it had no real or potential effect on credit scores. 

Related Link- 

Best Way to Improve Your Credit Score in 2021

5 Tips to Build a Powerful Credit Score

6 Ways Credit Cards Affect your Credit Score

Credit Score FAQ's

What is a good credit score in the UAE?

Etihad credit bureau score of above 700 points is considered good by AECB in the UAE.


How can I check my credit score in UAE?

You can check your credit score by using the AECB website, mobile application or Policybazaar UAE website.

Is 650 a good credit score in UAE?

A credit score of 650 points is considered “fair” by AECB in the UAE.

How can I improve my credit score in UAE?

Improving your payment record and reducing the credit utilisation ratio can significantly improve your credit score.


Is an AECB credit score of 1000 Good?

Credit scores are provided within the range of 300 to 900 points only. A credit score higher than 700 is considered good. Exceptional credit scores often go over 740 points.

How do I obtain my AECB credit score for free?

You can obtain your credit score for free when you apply for credit cards or loans with Policybazaar UAE.

Laxita Gautam
Laxita Gautam

Senior Content Writer | She functions on classic British fiction, Japanese manga, and strong americanos. Laxita is tailor-made to create engaging, interactive pieces that offer simplified insights into complex subjects.