When you decide to get a credit card, you get confused about how to choose the best one among numerous. That’s why Emirates Loan has the best motive of providing amazing Credit cards in Dubai. From this financial company, you can explore the list of credit cards. The providers of credit cards give so many benefits to cardholders as compared to users of debit cards. Dubai is one of those cities where you find a credit card so easily according to your requirement for financial use. There are many best deals from banks when you apply for this card.
How to choose an excellent credit card in Dubai?
When a person selects a credit card for the first time, he must know certain aspects. As a result, it is possible for cardholders to use the cards rightly. The cards come with a combination of numerous factors. These factors make the cards worthy but still, the problem is how to choose a credit card. You can easily solve this problem when you have complete information about the card that you want to get. In this blog, we will explain some essential points that you should consider. Consequently, you will get the best experience of utilizing your first credit card. After the first time use of it, you will want to use it again and again.
Explore the Credit Card’s benefits
The first factor that you give consideration to is to explore the cards’ benefits. Cards come with unique benefits that grab the applicant’s attention. They are many types of it and each type is specific for the best use of finances. As an example, if you travel a lot, you should choose a card that gives you discounts on the purchasing of flight tickets. If your spending on groceries is much, opt for a card that gives you special discounts on your every purchase.
Requirement of minimum salary
There is a particular minimum salary requirement for getting every credit card. Furthermore, one bank gives so many types of these cards. And, all cards are different in benefits as well as criteria for the applicant’s minimum salary requirement. Most importantly, it depends on the card’s level. In addition, this factor depends on the maximum limit of spending from the card.
In simpler words, the bank gives the cards with the checking of the applicant’s monthly income. So, this step ensures that the user will repay the amount on time. Emirates Loan also provides you the best guidance on which card should choose accordingly your monthly salary. It is beneficial to get an authentic one without wasting your time.
Check out any annual/hidden fee
In Dubai, numerous credit cards charge an annual fee. All cardholders have to pay the annual fee. The fee is fixed every year. You will know about the term of the annual fee during the application process. One other term that comes with availing of this card is an enrolment fee. It is a beginning fee when you apply for it. This fee will only pay for one time. You should ask the bank’s professionals about its fee. So, you will not be surprised if there is an enrolment fee.
Focus on credit limit
Before selecting a card, you must know about the credit’s maximum limit. Further, you have to make a plan for your maximum use of credit per month. For instance, if the limit of credit is 25000 AED, you cannot buy anything that costs more than 25000 AED. Therefore it is essential to know if the card’s limit meets your monthly financial needs or not. The good advice is to choose a card which is with higher credit limit than your requirements.
Know the card’s minimum due limit monthly
The cardholders get a specific amount from the banks every month. They have to repay the amount before the end of the deadline. In the card’s statements, there mention the deadline for the payment as well as the minimum amount due. The purpose of this minimum amount is to pay down as soon as possible. The bank will never take any action if you pay it quickly. However, the remaining amount can pay off within a specific duration. But, the good point is that you can easily maintain your credit score if you pay the due amount every month.
Alert of cards usage
Many times, we utilize the cards but forget to not exceed the amount limit of it. In the end, the cardholders reach the limit. And, when they need finance, they cannot get it. So, the banks provide the mobile application to avoid this condition. Every time, you spend through the card, you can check the remaining limit on the app. The bank also gives you a reminder of spending amounts in the form of text.
The bottom line
The selection of an amazing credit cards in Dubai is only possible when you have a clear idea about your needs. Besides, you have to be aware of all card expenses including the annual fee. You must know the duration for paying the due amount. Therefore, the credit score will never affect badly. And, in the future, getting loans will become easier with good scores.
