Advantages of using our services

• All of your personal financial issues can be resolved quickly and easily.
• We assist you in comparing the interest rates on personal loans in Dubai provided by the various banks so that you can select the most beneficial deal.
• We give you the most recent information regarding the requirements for qualifying and the steps involved in the lending process.
• We give you the most recent information regarding the requirements for qualifying and the steps involved in the lending process.
• Effortless application process
• Quick turnaround for bank processing and approval

Eligibility requirements for credit cards

Eligibility requirements for credit cardsAlthough different banks and credit card businesses provide various types of credit cards, the fundamental rule is that your credit limit is fixed based on your salary. According to the most recent Dubai Central Bank circular, only those with a minimum yearly salary of AED 60,000 are qualified for a credit card. To apply for one, you also require the following paperwork:

• National Identification
• Most recent account statement from your bank
• Salary certificate
• The most recent utility bill

In certain circumstances, the bank could request more paperwork. The bank will quickly accept your credit card if it is determined that you have a steady source of income and no unpaid balances from prior loans. Your credit card's interest rate may change based on the issuer. Some banks offer credit cards with no annual cost for the first year, and if the minimum annual card usage is not met after that, a minimum annual fee is charged. Some other companies only provide this option for premium cards. The annual charge typically varies based on the banks. It is always advisable to compare credit cards in Dubai and select the one that best meets your needs.

How to properly utilize your credit card

• Know the amount you can spend with your card, and stick to it.
• Online credit card transaction tracking
• When you receive your monthly credit card statement, check the individual transactions by keeping your receipts. Any irregularities you find should be reported to the company. Check your current credit card statement every week, every two weeks, or soon after you make a sizable transaction if your credit card is linked to your online banking account.
• You can save a sizable sum of money by paying off your credit card balance in full on the due date rather than paying the bank excessive interest rates.
• Your credit card's late payments and non-payments would notably hurt your credibility.
• When you start paying excessive rates of interest (20 to 45%) on the total bill amount, you will fall into a financial trap and should never choose the "minimum payment due" option unless absolutely essential.
• Utilize the bank's SMS and email alerts to stay informed about your card transactions. Once you sign up for them, you even get SMS or email reminders for due dates.
• When someone calls or emails you requesting your credit card number, be on the lookout and wary. Since the banks that provide your credit cards won't ask you for this information, you shouldn't trust anyone with it.
• When you stick to these guidelines strictly, you will be able to get the rewards of using credit.

Credit Cards in Dubai

In Dubai, a credit card comes in quite handy, especially if you want to buy until you drop but don't have any cash on hand. The biggest benefit of using a credit card is the reasonable amount of time you have before making a payment. In addition, if you do not pay your credit card account on time, you will be penalized with interest that may be as high as 36% on the whole amount of credit. The advantages of owning a credit card in Dubai are, however, unquestionably greater once you understand how to manage your regular bill payments.

In Dubai, the following fees are applicable to all credit card types:

• Joining charge
• Fee for cash withdrawal
• Overage charge
• Charge for late payment