There is no question about the utility of credit cards. In a country like the UAE, where there are myriad shopping options for every product category, having a credit card in one’s wallet is a great idea. It not only reduces the burden of carrying spare cash, but it also makes it possible to carry out large purchases without a moment’s thought.
As if the shopping and convenience factors were not enough, credit cards also offer access to a host of experiences in dining, travel and shopping. Plus, you can get cash back on purchases or redeem reward points to either claim a gift or save money on your purchase.
But wait. What comes first – choosing the credit card or applying for it? This could very well be the question of our times. The answers to both are interdependent on each other. Gone are the days when banks offered a one-size-fits-all credit card solution to customers. Earlier credit cards only performed basic functions related to shopping. However, banks in the UAE today offer as many as 10 different credit cards to suit a variety of purposes.
Hence, you can apply for credit card in UAE based on your specific requirement. For example, if you are a frequent traveller you can avail of a credit card that offers air miles and access to premium on-flight services. Or if you run a small business in the UAE, you can take a credit card that is designed for business owners. You can even buy Islamic credit cards or take several cards for your employees under a corporate credit card programme.
The simplest credit cards today offer points and cash back for shopping, recreational activities and even bill payments. But you can pick the credit card you need as per your repayment capacity and specific need.
Whichever type of card you choose, the process to apply for credit card in UAE is fairly simple. You may choose to visit your bank to understand the entire product details and fees therein. The bank will then give you an application form to fill. Once the formalities are complete, you will receive the card within days. You can also apply online for a faster purchase process. However, be sure to understand all the terms and conditions of use, and the charges and fees accrued on the card with use. Also take stock of the benefits being offered and compare different credit cards to select the best one.