Credit cards are convenient substitute for cash and essential component of electronic commerce and internet commerce.

A credit card is a plastic card with a magnetic stripe that holds a machine readable code issued by bank allowing the card holder to purchase goods or services on credit.

The card issuer (usually a bank) creates a revolving account and grants a line of credit to the cardholder, from which the card holder can borrow money for payment to a merchant or as a cash advance. As long as you pay back the money you borrowed within the “grace period”, you don’t have to pay extra. If you don’t pay it back in that time period, you’ll have to pay interest — a percentage of the money you owe the bank — on top of what you borrowed.

Eligibility Criteria for Applying Credit Card

Loan Applicant should be at least 22 years old.
Minimum Vintage of the applicant should be 0-6 months in UAE.
Minimum Salary requirement should be AED 4,500-5,000.

Benefits of having a credit card:
Credit cards can save you time and trouble–no searching for an ATM or keeping cash on-hand. If you are making a large purchase, it can be convenient to use a credit card. Like purchasing of gold, Electronics goods, card to card money transfer, cashback on retail purchase/fuel, movie tickets, air miles/skywards point, quick cash facility.(convert all purchases into installment plans)

Universal Acceptance
• If you are travelling abroad/overseas, then having a credit card can be a safer way to travel & make purchases. Not all debit/ATM cards are universally accepted, whereas credit cards have near-universal acceptance around the world.

Building Credit Score.

If you have no credit bureau or trying to improve your credit score, using a credit card responsibly will help your credit score because credit card institution will update your paying behavior to the credit bureau.

Dunia Finance – Dunia Platinum Card
Min. Salary 10,000 AED
Rate 3.33%
Annual Fee 0 AED
Cashback Yes
Balance transfer No
FX Rate 2.99%
First Abu Dhabi Bank – Gold Visa Card
Min. Salary 5,000 AED
Rate 3.25%
Annual Fee 0 AED
Cashback Yes
Balance transfer Yes
FX Rate 2.95%
Citi Bank – Citi Rewards
Min. Salary 8,000 AED
Rate 3.25%
Annual Fee 300 AED
Cashback No
Balance transfer Yes
FX Rate 2.99%
ADIB – Value + Card
Min. Salary 5,000 AED
Rate 3.09%
Annual Fee 0 AED
Cashback No
Balance transfer Yes
FX Rate 3%
Union National Bank-Egypt Air Credit Card
Min. Salary 5,000 AED
Rate 2.99%
Annual Fee 0 AED
Cashback No
Balance transfer Yes
FX Rate 2.99%
RAK Bank-RED MasterCard Credit Card
Min. Salary 5,000 AED
Rate 3.19%
Annual Fee 0 AED
Cashback No
Balance transfer Yes
FX Rate 1.5%
Union National Bank-ADCOOP Extra and Spar Titanium Card
Min. Salary 5,000 AED
Rate 3.19%
Annual Fee 0 AED
Cashback Yes
Balance transfer Yes
FX Rate 2.99%
Majid Al Futtaim Finance (Najm)-Voyager Platinum
Min. Salary 8,000 AED
Rate 3.25%
Annual Fee 208.95 AED
Cashback No
Balance transfer Yes
FX Rate 3%
Al Hilal Bank-Smart Covered Card-Free for Life Classic
Min. Salary 8,000 AED
Rate 2.65%
Annual Fee 0 AED
Cashback No
Balance transfer No
FX Rate 2.75%
Majid Al Futtaim Finance (Najm)-Voyager Platinum
Min. Salary 8,000 AED
Rate 3.25%
Annual Fee 208.95 AED
Cashback No
Balance transfer Yes
FX Rate 3%
Dunia Finance – Dunia Diamond Card
Min. Salary 12,000 AED
Rate 3.33%
Annual Fee 5000 AED
Cashback Yes
Balance transfer No
FX Rate 2.99%
Dunia Finance – Dunia Titanium Card
Min. Salary 5,000 AED
Rate 3.33%
Annual Fee 500 AED
Cashback Yes
Balance transfer No
FX Rate 2.99%
Majid Al Futtaim Finance (Najm)-Platinum Plus Cashback
Min. Salary 7,000 AED
Rate 3.25%
Annual Fee 420 AED
Cashback Yes
Balance transfer Yes
FX Rate 3%
Majid Al Futtaim Finance (Najm)-Platinum Cashback
Min. Salary 7,000 AED
Rate 3.25%
Annual Fee 0 AED
Cashback Yes
Balance transfer Yes
FX Rate 3%
Majid Al Futtaim Finance (Najm)-Voyager Signature
Min. Salary 12,000 AED
Rate 3.25%
Annual Fee 523.95 AED
Cashback No
Balance transfer Yes
FX Rate 3%
Majid Al Futtaim Finance (Najm)-ONE Cash Back
Min. Salary 8,000 AED
Rate 3.25%
Annual Fee 313.95 AED
Cashback Yes
Balance transfer Yes
FX Rate 3%
RAK Bank-Kalyan Jewellers Credit Card
Min. Salary 5,000 AED
Rate 3.19%
Annual Fee 0 AED
Cashback No
Balance transfer Yes
FX Rate 1.5%
ADCB-Touch Points Titanium Credit Card
Min. Salary 8,000 AED
Rate 3.25%
Annual Fee 0 AED
Cashback No
Balance transfer Yes
FX Rate 2.89%
Citi Bank – Citi Simplicity
Min. Salary 5,000 AED
Rate 3.5%
Annual Fee 0 AED
Cashback No
Balance transfer Yes
FX Rate 2.99%
Emirates NBD – Gold Card
Min. Salary 8,000 AED
Rate 3.09%
Annual Fee 400 AED
Cashback No
Balance transfer Yes
FX Rate 1.84%
Emirates Islamic – Flex Card
Min. Salary 5,000 AED
Rate 3.25%
Annual Fee 0 AED
Cashback No
Balance transfer Yes
FX Rate 2.34%