Compare Best Credit cards in UAE 2024

Credit cards are a great choice for anyone who spends money. But how do you choose which card is the most suitable? The truth is, not all credit cards are equal. Every credit card has its own perks, and some might even suit your maximum spending limit better than others.

Find the right credit card in UAE that fits your needs. Compare latest deals, cashback and offers from trusted banks in UAE.

Following are the types of credit cards UAE:

Air miles are also known as frequent flyer miles or travel points. These are basically loyalty programs offered by credit cards related to air miles. In this, the cardholder collected a certain number of air miles depending on how much they spent on the credit card.

These numbers or points can be redeemed for flight tickets. Air miles credit cards in UAE are available in two types. The first is airline miles, which are specific to certain airlines and the second one is airline ME, which are not tied to any specific airline.

These forms of credit card repay the users in cash for a percentage of their transaction or purchase. The bank compensates the users for making a purchase with a credit card by offering cashback incentives.

Moreover, the amounts of cashback card holders receive vary from one credit to another. It primarily depends on the type of credit card, purchases made, minimum spend requirement, and monthly caps.

Here is the list of 5 cashback credit cards in UAE 2024.

Balance Transfer credit cards enables a cardholder to transfer high-interest debt from one credit card to another credit card at a low-interest rate. In addition, the balance transfer facility allows you to pay off the outstanding via credit card. Thus, it allows the cardholder to save tons of money on the high-interest rate.

If you travel frequently, this is one of the best credit cards UAE to consider.  Selecting a good travel credit card in UAE can make traveling more affordable by offering travel reward points and perks on every spend.

Often luxury credit cards in UAE need an annual membership fee. But different quality credit cards offer great benefits and rewards without the need for an annual membership fee. Free of life credit cards is one such credit card that you can acquire.

The UAE is home to some of the finest golf courses in the world. And golf is a popular sport in the country, especially for leisure. Therefore, many financial companies provide credit cards with golf benefits to cardholders.

Irrespective of the travel purpose, it is great to have airport lounge access. These credit cards, as the name suggests, offer cardholders access to an airport lounge. It allows the users to relax in a dedicated lounge space while they wait for the flight.

Credit Card With Entertainment Benefits

Some credit card companies have partnered with entertainment businesses to provide their customers with higher offers and discounts like a discount on tickets, complimentary movie tickets, and other offers. It allows the cardholders to save a lot of money on their entertainment expenses.

UAE banks offer a plethora of options for credit cards for consumers. However, the abundance of options often leave people perplexed about making a definite decision regarding the credit card.

This is where our website Compare4Benefit helps consumers make a reliable decision.

We are a dedicated platform that helps you to find the right credit card based on your financial requirements. At Compare4Benefit, we ensure that you get all the necessary features in the best deals.

Compare4Benefit has made a streamlined interface, which allows the users to search, compare, and find the best credit cards for them. Here is how you can find your credit card with our platform:

Choose The Type Of Card You Are Looking For

The first step of the process is to choose the type of card you are looking to buy. We have a dedicated search filter section where you can choose from various credit card and travel card options.

You should choose the type of credit card because it will make the further processes easier and quicker. In addition, it will give our system a predefined goal so that you are able to see more precise and relevant results.

A credit card is a type of loan. You borrow money from the bank, and you pay them back with interest.

With most cards, they charge an annual fee in return for things like reward points or cashback rewards.

The more benefits you have tied to your card, the more expensive it will be to carry that balance month-to-month: some people barely use their card because they don't want to spend what little extra money they have on fees each month.

The way this works is that when you buy something using your credit card - say, AED 100 worth of groceries - there's a set dollar amount (known as APR) that determines how much additional interest will accrue over time if you don't pay off the balance.

The APR will be higher if you carry a balance over time, while the interest costs go up with each purchase as well (it's compounded).

If your card has an annual fee and rewards points system attached to it, then those things also cost extra in terms of money spent or value received from spending more; for example: when calculating how much you'll spend on taxes at year-end, all charges that were made using a credit card need to be considered - not just ones where cash was handed directly over to a merchant.

So make sure you're aware of what types of rewards cards are best suited for your lifestyle before applying.

There are many benefits to using a credit card. It is the most popular way of making purchases these days, and for a good reason. Here are the reasons why you should consider getting your own credit card today.

1) You get an alternative to cash- When you're not sure if you have enough cash on hand, it's nice to know that you'll still be able to purchase something with a credit card.

2) You won't miss out on deals because of lack of funds - If there's a deal or promotion happening online or in-store, and you don't have enough cash on hand, rest assured that your credit card will work.

3) You'll get better deals - When you don't have to pay the full amount upfront and just need a credit score card or line of credit with an affordable interest rate that can help you save more money. More savings means more fun!

4) You get rewards- Credit cards in UAE also offer a lot of rewards. Some will give you points on your purchase, which can be redeemed for items and discounted products at the store or online.

There are also some credit card companies that have cashback offers when you use their card to make purchases in stores around town. If you're looking for an easy way to earn some cash, you may want to consider a credit card that offers rewards.

5) Credit Cards Are Universally Accepted- Credit cards are accepted at more places than ever these days. When you travel to other countries and do not want to use cash- no worries! You'll be able to find stores or restaurants that accept payments with a credit card.

6) Credit Card Offer Security- A credit card secures your identity when you are making purchases online or in-store. Your name and other personal information are never shared with the merchant. 

This means that if you lose your credit card, the worst thing to happen is a little inconvenience. The issuer of the credit card will send a new one to replace it. You can always cancel the old card and request that your bank does not issue you another copy, but be aware that this may impact your ability to use plastic at some retailers in the future.

Credit cards also provide fraud protection when making purchases online or over the phone.

7) Credit Card Helps In Building Credit Rating - A credit card helps in building the credit rating. It also provides one with a monetary limit that can be raised when needed by submitting their monthly payments on time and without any defaults or fees.

In addition, it also establishes good spending habits, which are great for later financial situations such as mortgages, car loans, and other large purchases.

A credit card also provides one with a sense of responsibility and discipline. It is easy to overspend when using cash or checks because there are no limits on the amount spent, unlike a credit card, where an individual must pay off their balance every month.

 Moreover, by paying off balances in full each month, it prevents interest from accumulating and saving money on the interest that would be charged.

A credit card also provides one with a sense of responsibility and discipline. It is easy to overspend when using cash or checks because there are no limits on the amount spent, unlike a credit card, where an individual must pay off their balance every month.

Moreover, by paying off balances in full each month, it prevents interest from accumulating and saving money on the interest that would be charged.

Following are the best credit card offers in UAE, which you can avail of:

Emirates Citibank Ultima Credit Card

Features of this card include:

•  Highest Skywards earn rate in Dubai – up to 2.5 Skywards Miles per dollar.
•  100% metal card (exclusive)
• Unlimited access to more than 1000 airport lounges across the world for you, plus one guest
• Sign-up bonus of 25,000 Skywards miles for the first year that you apply for the card.
• 10,000 Bonus Miles after you renew the card
• International concierge
•  Buy one get on free movie tickets with Reel & Vox cinemas
•  Complimentary travel inconvenience and travel medical insurance
•  Complimentary Marhaba Silver Meet and Greet service
• 10.0% interest installment plan on the purchase of online tickets @www.emirates.ae

RAK Bank Credit Card – RED Card

Features of this card include:

• 1.5% cashback on all your purchases with a RED Mastercard credit card.
• 0% EMI FOR 12, 9, 6, or 3 months at various merchants
• Free for a life credit card where you pay no annual fee
•  Contactless credit card
• Up to 30% discount on cuisines at more than 2000 restaurants. There is also a buy one get one option.
•  Easy credit card cheque to pay house rent, insurance premiums, school fees, etc.

FAB Cashback Credit Card

Features of this card include:

• Members can earn AED 300 as a cashback bonus when making a single retail transaction in a month of issuance of the card

• 2% cashback on foreign spends
• 5% cashback on paying utility bills payments
• 5% cashback on all supermarket purchases
• 1% cashback on all retail expenditure
• Up to 10% cash back at top online stores
• Two discounted movie tickets at AED 15 on every weekday and on weekends AED 20 at Reel Cinemas, Oscar Cinemas, and Cine Royal.
• Exclusive offer from AVIS
• Up to 15% off at Luxury Serviced Apartments
• Protection benefits like Walled Shield and Credit Shield Plus

CBD One Credit Card

Features of this credit card include:

• Select your credit card design

• AED 135 cashback on overall transaction of AED 5,000 and a monthly fee of AED 39 or spend of AED 8000 and no monthly fee.

• A select flexible monthly plan is providing cashback up to AED 500 on New Age Merchants.
• Up to 50% discount on REEL and VOX movie tickets
• Complimentary access to more than 1000 airport lounges across the globe.
• Complimentary parking at more than 30 locations in the UAE.
•  Multi-trip travel insurance, extended warranty, and purchase protection
• 0% easy payment plan, quick cash, and balance at affordable rates.

HSBC Zero Credit Card

Features of this credit card include:

• Avail zero interest on transactions for the first three months with zero annual member fees
• Up to 30% off at more than 400 restaurants in the UAE
• Access to HSBC Entertainment app for free with more than 10,000 buy one get one free offer on leisure, dining, wellness, and retail.
•  Up to 12% off on more than 985,000 hotels as well as vacation rentals globally

Emirates Islamic Cashback Plus Credit Card

Features of this credit card include:

• Get up to 10% cashback on dining, education, telecom, and supermarkets.

• Savings of wroth AED 3,600 annually.

• Exclusive privileges with EIB' Mazaya' offers and avail up to 30% off.
• Save AED 200 monthly by acquiring cashback of up 10% on grocery bills of AED 2000
• Save AED 200 monthly by earning 10% cashback on dining bills of AED 2,000.
• Save AED 400 every month by getting 10% cashback on paying school fees.
• Save AED 200 each month by acquiring cashback of up to 10% on a telecom subscription of AED 2000
•  Complimentary airport lounge access across various international airports.

Make Your Search More Precise

The more refined your search is, the better and faster you will get the results. You can make your search list smarter by adding information like your income, occupation, features and banks. We have these different options for you so that you can see the credit card option, which caters to your financial requirements.

Explore Through The Best Deals

Once you have added all the required filter options, it is time to explore through the credit card. Based on your added information, the interface will show you the credit cards that you are eligible for. You can explore the offers, discounts, deals and all the other benefits offered by various credit cards on a single page.

Comparison

Now that you have a filtered list of eligible credit cards, you can easily make a comparison. The process of evaluating a credit card is very simple. All you have to do is select the credit card, and the platform will show all the necessary details associated with it. Then, you can check the details and move on to the next cards and compare the information. In addition, the dedicated card section has comprehensive details about the card that include features, benefits, documents required, additional info, etc.

The last step of the process is to apply for a credit card. Once you have selected the card you wish to purchase, the next step is to apply it. For this process, you will have to provide certain information that includes:

1. Your name
2. The company that you are employed in
3. Nationality
4. Telephone
5. Salary

Note – Before you apply for the credit card, make sure that you read the terms and conditions of Compare4Benefit.

After you have applied for the credit card, you will get a call back regarding the same.

Credit card terminologies can be confusing, but with a little knowledge, you will get the hang of it. Following are the common terminologies related to credit card-

APR- APR (annual percentage rate) is the yearly interest you will be charged on your balance. It's a measure of how much it costs to carry that balance from month to month. The higher, the more expensive for credit card users and vice versa, but lower rates are available if you shop around or have a good credit history.

Frequently Asked Questions

What is the eligibility for credit card in UAE?

You need to ensure that you meet all the eligibility criteria that the financial institution has set. In addition, every credit card comes with its own set of criteria that the user must comply with. Generally, the eligibility criteria consider the below factors:

• Monthly income of the applicant
• Valid ID proof
• Age of the applicant
• Credit Score

How does a poor credit score impact a credit card application?

When applying for a credit card online, you are likely to see a disclaimer that their information will be shared with the UAE credit bureaus. This is because the credit card company checks the credit score of the individual.

It is done to check how financially responsible the applicant is and how big of a risk company is taking with him or her.

Applicants who have poor credit score are likely to be rejected because they were unable to make timely payments.

A bad credit score can also be due to being excessively leveraged regarding active loans as well as credit cards.

On the other hand, people who have good credit scores are likely to receive faster credit card approval and better deals on their applications.

What documents do you need to apply for a credit card?

The next crucial step of getting credit card approval is the submission of the right documentation. First, we show the documents needed for the approval of the credit card application.

Then, when you select the particular credit card, you can see the documents required in a dedicated section on the page. Documents for a credit card can also vary from one company to another, but generally following are the documents that you need to submit:

• A valid ID proof (Emirates ID)
• Proof of income – It can be your bank statement of salary slips
• You cannot apply for a credit card without being a UAE resident, so you will have to show proof. For expatriates, they will need to submit a copy of their resident visa and passport. 
• A UAE address proof
• You will also be required to submit a security deposit in exchange for the credit limit. The issuer will retain the security deposit until the credit card is terminated.
• A self-employed individual will need to present a valid UAE trade license. It is proof that the business is legitimate and approved by the government. Generally, it is issued by the Chamber of Commerce.
• Income
• Banks provide you with a credit card depending on the income bracket. So when comparing the credit cards, look for the minimum salary requirements.

On the other hand, if you are self-employed, banks will extend you a credit card based on the money in your bank account.

What are some of the common features of credit cards?

As we mentioned above, there are different types of credit cards, and each has different benefits and features. These features include lounge access, movie tickets, discounts, dining, entertainment etc. Therefore, you need to consider the kind of benefits you are getting from each of the credit cards on the list. Moreover, based on your car, you may also have to pay a certain annual fee. Generally, the higher the benefit, the more annual fees you have to pay.

Do you get travel benefits from credit cards?

There are specially designed credit cards for travel benefits known as travel credit cards. These are ideal for people who are regularly traveling. With this credit card, you get air mile points for each AED you spend with it.

Can you use a credit card internationally?

In most cases, you can make purchases with your credit card internationally. However, you may have to pay a foreign transaction charge against the value of the transaction.

What does credit rating mean?

Credit ratings reflect financial footprints. It records your past transactions on loan, credit, or any such product. All the missed and late payments negatively affect your credit rating.

Is there interest charged on all the purchases made from a credit card?

If you pay the credit card balance fully every month, then you will not be charged with interest. Interest is charged when you partially make the payment of your credit card balance. Additionally, if you have a card with an introductory zero percent interest period, then until the period you maintain minimum monthly payment within that period, you will not have to pay any interest.

What do you mean by Minimum Payment Due?

There is a specific minimum amount that you must pay either on or before the due date. Typically, the amount is calculated as a specific percentage of the overall due amount according to the credit card statement. When you pay the timely payment of the minimum amount, you can avoid the late payment fees.

How much time does it take to apply and receive a credit card?

You can apply for a credit card within a few minutes, if you are doing it online. When you have completed the online application process and submitted it, the bank executives will contact you to submit certain verification documents. Once that is done, it will take around two weeks for your application to get processed and verification to be done. After that, your credit card will come within seven business days.

Credit Limit- Credit limit is the amount you are allowed to borrow on your credit card.

Late Fees - Late fees are fees charged for paying a balance after the due date, not including interest charges. They range from $20-$35 per late payment depending on how overdue you are and can be up to four times higher if it's a student or senior citizen account.

Minimum Amount Due - Minimum amount due is the amount of money required to be paid off in order for you not to incur a late fee.

Balance Transfer - Balance transfer is when your outstanding balance is transferred from one credit card with a higher interest rate to another credit card or line of credit (such as a personal loan) at lower rates and/or carrying fewer fees so that you can pay it off faster.

Billing Cycle - Billing cycle is the period of time between a credit card company's statement date and their payment due date.

Credit Score - Credit score is a number that lenders use to measure how risky it would be for them to loan you money, with higher numbers meaning better chances of approval. Credit scores are composed of several factors, including your debt-to-income ratio, history with the company, and total credit limit.

Credit Verification Value - Credit Verification Value is a number that creditors will check with credit bureaus to verify your identity.

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