How Can I Get a Credit Card in UAE?

Credit cards are a necessity in today’s world. Without one, there’s a lot you can’t do. The concept of using cash is declining in many countries, with banking rapidly seizing power and trickling into every industry. Most retailers will now charge you through a card, whether you’re booking a hotel or buying a car.

If you’re wondering how to get a credit card in the UAE, we’re here for you! You only need to follow a few steps, gather some documents and you’re good to go! Here’s how to apply for credit cards in the UAE.

credit card

Getting Started

Start by finding a bank with a credit card plan that works for you. What’s the maximum withdrawal limit you need? How fast can you pay the bank back? Which bank offers low-interest credit cards? Keep these questions in mind when selecting a plan. Compare several plans before you apply for a credit card.

Next, make sure your minimum salary is 5000 AED. This is a requirement for almost all the banks in the UAE. If your salary is below this amount, find a credit card plan that works for those who earn below 3000 AED. Although rare, this isn’t impossible.

Another thing to keep in mind is how much you’re willing to pay the bank for their service. Where some banks do not deduct an annual fee, others demand up to 1000 AED and over!

What You Need

Go over the credit card requirements for the bank of your choice. Most banks demand a good credit score and a stable salary. The salary is a guarantee you provide to the bank that shows them that you can repay them within a set time limit.

Other major credit card requirements include:

· An application: You can find this online on any bank’s website.

· Proof of salary: You can provide a set of recent salary slips and certificates, or a valid bank statement from your debit card, or wherever you receive your money.

· Residence visa

· Proof of residence in UAE: A utility bill, rent deed, or similar legal document will suffice.

· Minimum salary: As discussed, the general demand is a minimum of 5000 AED.

When applying with a salary below 5000 AED, make sure you have at least 3000 AED in savings.

After submitting your initial application, you will be asked to provide the required documents. This may be done in-person or online, depending on what your bank prefers.

Credit Card Benefits

So, why should you get a credit card? There are a lot of benefits of having a credit card, such as:

·    Complimentary air miles

·    Free Wi-Fi at hotspots across the world

·    Discounts at your favorite outlets

·    Special cashback offers on fuel, groceries and more

The benefits are numerous, but you must be careful when using a credit card, too. Make sure you don’t go over the limit and pay the bank back in time to avoid any fees.

If you’re looking for a card that doesn’t charge these kinds of fees, we have the perfect one for you! FAB bank cards offer the same benefits we’ve listed above, but without charging any exorbitant amount of fees. They’re a great choice for your first credit card!

Getting a credit card in the UAE is not a difficult task. You just need to know what you want from the card. Keep the things we’ve mentioned above in mind before deciding to apply for a credit card. If you choose one that works for you, day to day life will become much more manageable. 

About Mohit Tater

Mohit is the co-founder and editor of Entrepreneurship Life, a place where entrepreneurs, start-ups, and business owners can find wide ranging information, advice, resources, and tools for starting, running, and growing their businesses.

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