How to Get a Credit Card for a Salary Below AED 4000 in UAE?
Credit cards, offering convenience, security, and a range of other benefits, have become an essential financial tool for individuals worldwide. When used responsibly, credit cards can offer numerous advantages. They provide a convenient means of making purchases, whether in-store or online, eliminating the need to carry cash.
Credit cards also offer coverage against fraudulent transactions and can act as a safety net in emergencies or unexpected expenses. Additionally, they provide an opportunity to build a credit history, which can be beneficial for future financial endeavours.
However, a common question arises: Can you obtain a credit card if your monthly salary is below AED 4,000? In this article, we will check whether individuals with a monthly salary of up to this figure can get a credit card in the UAE.
Can You Get a Credit Card with a Salary Below AED 4,000 in the UAE?
It is important to understand that banks and other lending institutions in the UAE do not offer credit cards for a monthly salary below AED 4,000. In order to be eligible for a credit card, applicants must have a salary of AED 5,000 at least.
In the following section, we have enlisted some of the top credit cards available for those with a salary of AED 5,000 or more.
Top 5 Credit Cards with a Salary of AED 5,000 in the UAE
Mentioned below are the top 5 credit cards available with a monthly salary of AED 5,000 along with their features and benefits -
Q1. Are expats eligible to apply for a credit card?
Ans: Yes, expatriates can apply for a credit card provided they meet the age and salary criteria of their chosen credit card.
Q2. Can you apply for a credit card in the UAE if you have little or no credit history?
Ans: If you are a first-time credit card applicant with limited or no credit history, you have two options available. You can opt for a secured credit card, where a cash deposit is required as collateral, or go with a credit card with limited features that can be upgraded based on your card payment history.
Q3. Can you apply for a credit card if you earn AED 4,000 per month but have a good credit score?
Ans: No, you need to have a salary of at least AED 5,000 per month to apply for a credit card in the UAE.