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 -
Features & Benefits of Emirates NBD U By Emaar Family Credit Card
Minimum monthly salary required - AED 5,000
Free for life credit card
Earn Upoints on daily expenses as per the following guidelines -
1% on all spends
Up to 5 times extra on expenses in Emaar
25% base Upoints for expenses on groceries and supermarkets
10% base Upoints for expenses on fuel, government facilities, and telecommunication payments
Get up to 30% discount on lifestyle benefits like entertainment at Emaar Entertainment Group including The Dubai Underwater Zoo, Dubai Ice Rink, and Kidzania
Enjoy ‘Buy 1 Get 1 Free’ offers on Reel Cinemas movie tickets
Earn 5% Upoints on spending at Emaar malls or when you dine or stay at Emaar Hospitality Group hotels and restaurants
Eligibility Criteria to Apply for a Credit Card in the UAE
Listed below are the general eligibility criteria to apply for a credit card in the UAE -
While a few institutions accept credit card applications from individuals as young as 18 years old, most of the credit card providers in the UAE have set the minimum age requirement at 21 years.
The minimum monthly salary should be AED 5,000.
The applicant can be either a salaried employee or a self-employed individual.
Documents Required to Apply for a Credit Card in the UAE
Here is the list of documents required to apply for a credit card in the UAE -
A copy of valid Emirates ID or National ID
A copy of valid passport and UAE residence visa (for UAE residents)
Latest salary certificate addressed to the bank (for salaried employees)
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.