Credit Cards

Credit cards in Dubai are the most sought after as the society is fast evolving and an individual’s standard of living is improving at a tremendous pace. Most banks come up with the best credit card offers in Dubai which attract the common man and make them want to utilize the facility to the maximum extent possible so as to improve their lifestyle. In the present day world, credit card is one of the most popular banking products that is most commonly used by people belonging to all strata of society. Credit cards in Dubai are advantageous in the following ways:

How it works

When you use your credit card at the local supermarket or at your favourite apparel shop online, the bank that issued the card tracks all your purchases made in a calendar month and ensures that all your purchases are within your approved limit. At the end of the month, the bank sends you a bill and instructs you to pay the dues within a certain period.

Eligibility criteria for getting credit cards

There are different types of credit cards offered by different banks and credit card companies but the basic rule is that your credit limit is fixed based on your salary. As per the latest circular of the Dubai central Bank, only those with a minimum annual salary of AED 60,000 are eligible for a credit card. You also need to have the following documents to apply for one:
In exceptional cases, the bank may ask for additional documents. If you are found to have a permanent fixed income and have no outstanding dues against earlier loans, the bank will be quick to approve your credit card. The rates of interest charged on your credit card may vary depending on the issuer. Some banks offer credit cards with no annual fee for the first year and thereafter charge a minimum annual fee if the minimum annual card usage is not achieved. Some others offer this facility only on premium cards. The annual fee is normally varies depends banks and. It is always better to compare credit cards in Dubai and choose the best one that ressuits your lifestyle and preferences.

Platinum credit card in Dubai

Platinum credit card is a privilege offered exclusively to a select few who enjoy a finer lifestyle and who appreciate the niceties in life. These people belong to the elite class and receive loads of privileges and incentives for being part of this group. The special offers include discounts at health clubs, entertainment and dining concessions and valet parking facilities in Dubai and Abu Dhabi to name a few.

Fees charged on all credit cards in Dubai

The following are the fees that are chargeable on all kinds of credit cards in Dubai:

Credit Cards in Dubai

Having a credit card in Dubai is very useful especially when you want to shop till you drop without cash on hand. The greatest advantage in having a credit card is that you get a decent time gap before you pay your bill. At the same time, if you are not careful in paying your credit card bill in time, you would have to pay a penalty on the total amount of credit, the rate of interest being as high as 36%. Nevertheless, benefits of having Dubai credit cards are certainly more once you know how to handle your monthly bill payments.

How to manage your credit card effectively

Balance Transfer

Banks offer a balance transfer service by which your outstanding balance on your credit card or cards got from other banks can be transferred to your balance transfer credit card with your new bank. Some banks offer an introductory 0% interest on balance transfers. This facility is helpful when your credit card debt becomes heavy and unmanageable.

Airline credit Cards

If you are a frequent traveler, airline credit cards are very useful, for, every time you use your credit card to purchase your air ticket or book hotel accommodation, you gain air miles or reward points. You can later redeem these to purchase your air tickets or make hotel reservations. In addition to air miles, the card companies offer many perks and options, so you should choose your airline credit card wisely based on your choice of airline and your traveling frequency.

Role of Zeegles Financial Services

We at Zeegles provide you with complete information regarding the various credit cards, their features and benefits, the rates of interest charged by the companies and the process you need to go through to apply and get your credit card sanctioned quickly. In short, the application process will be simple and hassle-free as we take care of all your requirements by interacting with you and fully understanding them. Go ahead and Apply for your credit card today!

Benefits of hiring our services