Why you should compare before applying for a credit card in UAE?
When there are too many options to pick from, comparing them is always the greatest method to make the best decision. With the passage of time, the number of products offered by banks and financial organizations has increased dramatically. Credit cards, in example, offer a wide range of rewards and features to appeal to a wide range of consumers. As a result, before applying for a credit card in the UAE, it is a good idea to compare credit cards in UAE so that you can make the best decision. As you know, comparing credit card offers before applying for a credit card will help you select the best card for your needs and avoid paying greater fees or interest rates than necessary. What to compare is the question. We’ve put up a comprehensive list of what to look for when comparing credit cards in the UAE.
Minimum Salary – Salary eligibility is the most important criterion for applying for a credit card in the UAE. In the UAE, a minimum salary of AED 5000 is necessary to apply for a credit card. However, each card has its own set of conditions, including minimum wage requirements. Check to see if your pay qualifies you for the card you want to apply for.
Annual Percentage Rate (APR) – This is the cost of borrowing money on a credit card if the balance is not paid off every month. The APRs of several credit cards in the UAE can be compared to see which one offers the best deal. As a result, you can check and compare other parameters to ensure that your credit card decision is correct.
Annual Cost — This is a one-time fee levied by the bank on the card every year. Various cards come with additional benefits and features that are paid for by the customer. Annual maintenance expenses, as well as cash advance fees and late payment fees, must all be compared.
Cashback – These days, the most appealing feature of credit cards is cashback. As the name implies, it gives us Cashback on our purchases, depending on how much we spend. These cash backs are subject to some restrictions. As a result, before applying for a cashback credit card in the UAE, make sure you are likely to qualify.
Visit here to compare credit cards in UAE and find out offerings provided by UAE’s top Banks and Financial Institutions.
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