The Commercial Bank of Dubai in the United Arab Emirates offers a variety of products and services, including credit cards. CBD now offers a wide choice of credit cards in the UAE, ranging from free for life cards to premium cards with substantial rewards. Each CBD credit card has enticing incentives and perks to help cardholders achieve their unique lifestyle requirements.
Every CBD credit card comes with its own set of features & benefits, specifically crafted by observing consumer behaviour in the UAE. These features benefits vary from card to card, some of which are listed below:
International Spending – No matter where the cardholder is, a CBD credit card ensures limitless connectivity and access to their funds without interruption. So whether they are using their CBD credit card on purchases or to withdraw cash, they can do so fearlessly.
Convenient Payment Options – The Commercial Bank of Dubai credit card offers some of the most diverse set of payment options amongst any bank in the world. Customers can pay in any of the following ways:
1. By visiting a CBD branch
2. Through the internet and mobile banking
3. Over the phone via an Interactive Voice Response (IVR) system
4. Logging into CBD’s Facebook branch, an innovative social media-based banking feature
With direct debits from a bank account
5. On depositing a cheque in a CBD Cash Deposit Machine
Or by visiting Exchange Houses such as Al Ansari Exchange and Redha Al Ansari Exchange
Encrypted & Secure – By following industry-leading security protocols, Commercial Bank of Dubai credit cards offer reliable and secure banking experience to the card members. All online transactions are verified by Visa and MasterCard through One-Time-Passwords (OTP). Additionally, the CBD fraud monitoring processes give cardholders access to an early warning system which helps to prevent any misuse of the card.
Credit Shield – Credit Shield is a third-party insurance protection offered by CBD credit cards. Orient Insurance covers any unanticipated circumstances such as abrupt disability, diseases, death, and loss of employment under this policy. The principal cardholder can request this function and will be charged 0.89 percent of their credit card’s monthly statement amount.
No Annual Fees – Many of the CBD credit cards are unconditionally fee-free for life. Commercial Bank of Dubai credit cards with no annual membership fees also come loaded with various benefits.
Balance Transfer – The facility of balance transfer on CBD credit cards makes them extremely attractive for the applicants looking to pay off their debt. Most of the cards offer a 0% interest rate on balance transfer for the first 12 months, making them the perfect card to pay off the outstanding amounts.
Instalment Plans – Easy Installment Plans are a scheme through which a CBD credit card offers the card members an opportunity to convert transactions above AED 1,000 into monthly instalment plans with no interest for the first 12 months.
Airport Lounge Access – Many of the CBD credit cards offer complimentary airport lounge access globally.
There is a wide variety of credit cards offered by the Commerical Bank of Dubai, all of them offer the best of perks and privileges to its cardholders. Some of the popular CBD Credit Card offers common across many of their cards are as follows:
50% Off on VOX Cinema Tickets – Almost each and every CBD credit card offers the cardholder a discount worth 50% on tickets purchased with VOX Cinemas across the UAE.
Travel Discounts on Hotel Bookings – Many of the CBD credit cards allow the card member to enjoy discounts on hotel stays of up to 12% when booking is made through the official website of Agoda and up to 8% when booking done through the official website of hotels.com.
Up to 20% off on Rides with Careem – The cardholder can enjoy a discount on Careem Rides of up to 20% for a fixed number of rides in a month.
30% Discount on Meet and Greet – Many credit cards offered by the Commerical Bank of Dubai provide discounts worth 30% on the meet and greet services.
Applying for a Commercial Bank of Dubai credit card is not really difficult and the eligibility requirements are fairly relaxed. The following factors can determine whether the applicants qualify for a CBD credit card or not.
Age – Expatriates must be between 21-60 years of age to qualify for a CBD credit card. UAE nationals, however, can be up to 65 years of age.
Income – Every CBD credit card requires a minimum monthly income ranging from AED 5,000 to AED 25,000 per month. Furthermore, CBD also asks applicants to have at least 6 months of service in their organization.
Credit Score – Regardless of the monthly income, poor credit history can still disqualify the applicants from obtaining a CBD card. The bank will also check for the applicants’ existing debt. Having debt more than 50% of their monthly income may instantly disqualify them.
Residency – Most of the Commercial Bank of Dubai credit cards are applicable for UAE residents and UAE nationals only. Applicants without a UAE residency will need to get in touch with a CBD representative for further instructions.
Customers can apply for a CBD credit card by visiting the branch, submitting an online application or via phone and text.
Online Applications: The easiest way of applying for a CBD credit card is through the online application using the online banking portal of the bank.
Branch Visit: Applicants can also visit one of the many CBD branches in the UAE to apply for a CBD credit card. Commercial Bank of Dubai has over 20 branches across the Emirates.
Documents required to complete the CBD credit card application are as follows:
Passport or National ID (for expats)
Residence Visa (for expats)
Emirates ID (for UAE nationals)
Salary Certificate
A trade license (for self-employed applicants)
Note: Commercial Bank of Dubai credit card applicants without a UAE residency will have to contact a CBD representative on the numbers mentioned above, or submit a query online.
The amount of credit that a bank is willing to provide to a cardholder is referred to as a credit limit. Each CBD credit card has a different credit limit depending on the customer’s financial situation and previous credit history.
Cardholders can check their Commercial Bank of Dubai credit card limit by going to the CBD online banking page and entering their credentials. Customers can also request a credit limit increase by visiting any CBD branch or calling (+971) 600 575 556 to speak with a CBD staff.
Not all fees and charges levied on the Commercial Bank of Dubai credit card are necessarily negative. Some of these are the costs associated with owning a credit card, such as:
Annual Membership Fees: Vary from card to card
Foreign Transaction Fee: 2.75%
However, many of the fees and charges incurred are due to negligence or purposeful misdemeanours. These might include:
Late Payment Fees: AED 241.50
Over Limit Fees: AED 288.75
Note: You can find the complete list of fees and charges on the official website of Commercial Bank of Dubai.
The cardholder can cancel their CBD credit card by calling (+971) 600 557 556 and speaking with a CBD representative. After all outstanding payments and their related interests have been paid in full, the cancel request will be processed. CBD will revoke your credit card once all outstanding debts have been paid.
It is recommended that you only cut your CBD credit card after all of the necessary processes have been performed.
Q1: Who can avail CBD supplementary credit cards?
Ans: Nearly all Commercial Bank of Dubai credit cards offers free supplementary cards to the family members of the primary cardholder who are above the age of 15. No annual or monthly fee is charged on these cards.
Q2: What is a late fee?
Ans: If you have not made the outstanding amount payment by the due date, you will be charged a late payment fee. This late fee is charged over the interest you’d normally pay on the outstanding debt. It is advisable to avoid late fees by paying on time every month, as late fees will also negatively affect your credit history.
The late fee on CBD credit cards is AED 241.50.
Q3: What is an over-limit fee?
Ans: If outstanding or current balance surpasses the set credit limit, the cardholder is charged an over-limit fee. Interest, cash advances, and other charges are also included in the outstanding balance of an account.
The over-limit fee on the Commercial Bank of Dubai credit cards is AED 288.75.
Q4: What is a cash advance?
Ans: Any cash withdrawal made from an ATM or a branch using the credit card is referred to as a cash advance. Credit card withdrawals incur a cash advance fee and will also have interest charged on the withdrawn amount, starting from the date of the withdrawal itself.
CBD credit cards levy a cash advance transaction fee of 3% of the transaction amount (up to AED 105 at most). The cash advance interest is 3.49% per month, calculated from the date of the transaction.
Q5: What am I supposed to do if my credit card is stolen or lost?
Ans: Lost or stolen credit cards need to be reported to a bank representative as soon as possible. The bank will then freeze the missing card and replace it with a new one. The longer you wait to report a missing card, the more at risk you are of paying for fraudulent credit card purchases.
CBD credit cards charge a replacement fee of AED 78.75 for lost/stolen cards.
Q6: How do I gain access to airport lounges using my credit card?
Ans: Ensure that your card has lounge access benefits or you may be charged during entry. Similarly, only airports partnered with the bank will permit airport lounge access. To gain entry, you must have your credit card in person. The card will be swiped at the reception and relevant lounge passes will be deducted from your card benefits.
Most of the Commercial Bank of Dubai credit card offers on lounge access requires the cardholder to make a small yearly international transaction of USD 1.
Q7: What are installment plans and how do I book one?
Ans: An installment plan allows cardholders to pay for big amount purchases in smaller installments over an agreed upon a number of months (or tenor). In other words, customers can purchase items within their credit limit and pay off the full amount over a period of time. Nearly every CBD credit card offers Easy Installment Plans for purchases above AED 1,000 at 0% interest for the first 12 months.
Q8: What services can I access through online banking?
Ans: Online banking makes day to day transactions and query resolutions a breeze. Some of the many features of online banking are as follows:
*Account Balance & Statement
*Transaction History
*Fund Transfers: To accounts in the same bank, in other banks and even overseas
*Bill Payments
*Add Beneficiaries & Manage Investments
*Add & Modify Personal Information
*Block & Cancel Cards
*Create Activity Alerts and a lot more.
*You can find the Commercial Bank of Dubai login online.
Q9: Where do I make my credit card payments?
Ans: Credit cardholders have to make minimum monthly payments by a specified payment due date, to avoid late fees and a bad impact on their credit history. These payments can be made in a variety of ways, depending on the bank. They can be made:
*Through online transfers
*Through automatic monthly payments (also known as direct debit)
*Through ATM deposits (by cheque)
*Through a UAE fund transfer system (UAEFTS)
*Through phone banking, via an Interactive Voice Response (IVR) system
*Through exchange houses such as Al Ansari Exchange and Redha Al Ansari Exchange
