Sep 16, 2022
Having a credit card makes life much easier, especially now that internet transactions and cashless payments are the norms. As a result, banks in the UAE have introduced relevant credit cards to meet a variety of needs. The ideal credit card for you is determined by your circumstances, credit score, spending habits, lifestyle, and financial objectives. With an array of alternatives available and the incredible perks they all provide, deciding on the best credit card in the UAE might be difficult.
Here’s a short selection of our favourites to help you get started on your quest for the best credit card in the UAE for 2022.
Deem Cash Up Master Card is one of the most popular credit cards in the UAE because of the amazing deals and discounts it offers.
Interest rate: 3.33%
Minimum salary: AED 5000
Annual fee: Free for life
Benefits and features:
5% Cash Up at supermarkets and on utility bills
3% Cash Up on fuel
0.5% Cash Up on all other spends
Earn Up points that never expire
Redeem Cash Up for cashback, points-based payments, and more
Access to 1100+ airport lounges
The Mashreq Platinum Elite credit card is a one-of-a-kind product that allows you to enjoy shopping, travel, dining, sports, adventure, and entertainment that matches your lifestyle.
Interest rate: 3.45%
Minimum salary: AED 7,000
Annual fee: First year free (AED 650 Second year onward)
Benefits and features:
Joining bonus of AED 1,000
20% off on Uber, Zomato, & more
Free access to over 700 airport lounges in over 300 cities
Airport pickup or drop, facility at Abu Dhabi Airport and Dubai International Airport
Earn 3 Salaam Points for every dirham spent abroad and 1 Salaam Point for every Dirham spent in the UAE
The Mashreq Solitaire Credit Card is one of the best credit cards in Dubai, with a long list of perks you won't want to miss out on.
Interest rate: 3.33%
Minimum salary: AED 25000
Annual fee: AED 1,500
Benefits and features:
Earn Salaam points on all purchases
Access to over 900 airport lounges
Complimentary pick and drop from Dubai International Airport and Abu Dhabi Airport.
Enjoy 6 complimentary rounds of golf at UAE's exclusive Golf Clubs at Track Meydan, Arabian Ranches, Yas Links, and Trump International Golf Club.
Travel Insurance
50% discount on movie tickets
Enjoy enticing discounts on travel and accommodation wherever you go.
Interest rate: 3.25%
Minimum salary: AED 20,000
Annual fee: AED 1050
Benefits and features:
Free 2-night stay at Hotels.com
20% on flight bookings & hotels
0% processing fee overseas
Includes travel insurance
Free golf access
The Mashreq Cashback credit card is ideal for shopping as you can earn cash back in terms of rewards points on your purchases, which can then be converted into a direct statement credit.
Interest rate – 3.45 %
Minimum Salary – AED 5000
Annual fee – Free for life
Benefits and features:
No annual fee
Joining bonus AED 500
5% cashback on dining in the UAE
2% cashback on international purchases
1% cashback on domestic purchases
Instant cashback redemption
Travel insurance at no cost
Always compare credit cards based on their features, advantages, rewards, fees, and charges. But it can take a long time to apply for a credit card in the UAE, especially because several cards offer identical perks and interest rates. At BanqMart, you can save time and choose the finest credit card for your spending habits.
Having a good credit score is essential for obtaining financial services in the UAE. It is a three-digit value assigned to individuals based on their financial activities, such as debt repayment schedule, number of active loans, and on-time or delayed bill payments. A good credit score can help you get loans and credit cards at reasonable interest rates and with a higher credit limit.
Mar 27, 2023To mark International Women's Day, here are five financial empowerment tips for women, as well as some credit card offers available in the UAE that can help them reach their financial goals.
Mar 9, 2023Are you tired of spending money without getting anything in return? With the right credit card, you can start earning cashback on all of your purchases. Cashback credit cards are all the rage in UAE and have become a budgeting essential for UAE customers. These credit cards not only offer you money back on every purchase, but they also provide additional benefits such as loyalty points, discounts, coupons, etc.
Feb 28, 2023The debt-to-burden ratio assesses the proportion of your monthly income that goes towards paying your expenses (including loans and credit card installments). Banks use this measure to determine your loan and credit card eligibility based on your current obligations and ability to repay them.
Feb 23, 2023There's no better place to celebrate Valentine's Day than in Dubai, where you can express your love in some of the most romantic and unique ways.
Feb 13, 2023UAE is a bustling country that never sleeps, and having a car can be a game-changer when it comes to getting around. With the high cost of living in UAE, not everyone can afford to purchase a car outright, and this is where car loans come in handy. Car loans are a popular option in UAE as they provide an easy and convenient way to finance your dream car. In this comprehensive guide, we'll take a closer look at car loans in the UAE, including the types, processes, and tips for choosing the right one for you.
May 24, 2023A personal loan in the UAE is a type of unsecured loan that can be obtained without any collateral or guarantor requirement. It is a popular financing option for individuals who need funds for various personal reasons such as weddings, higher education, international trips, starting a new business, and debt consolidation.
May 11, 2023Are you struggling to decide between renting and buying a property in the UAE? Do you find it challenging to determine which path is right for your financial future? Well, you're not alone! Many people face the same problem when it comes to making this decision. The UAE is an expensive country, and property prices can be sky-high. Moreover, the rental market is incredibly competitive, making it tough to find affordable housing. As a result, many people find themselves in a bind, unable to determine which path is best for them.
May 5, 2023Have you ever wondered why some people always seem to have enough money while others struggle to make ends meet? The answer lies in how they manage their expenses. Learning how to manage expenses is crucial, especially if you are living in the UAE, one of the most expensive countries in the world. In this blog post, we will discuss why it is important to learn how to manage expenses in the UAE and how you can do it.
Apr 28, 2023Credit cards have become an integral part of our daily lives, especially in the UAE, where cashless transactions are widely accepted. They offer various benefits, including reward points, cashback offers, discounts on shopping, and easy access to credit. However, applying for a credit card can be a daunting task, especially for first-time users. In this blog post, we will provide a complete guide to successfully applying for a credit card and receiving approval in the UAE.
Mar 30, 2023Having a good credit score is essential for obtaining financial services in the UAE. It is a three-digit value assigned to individuals based on their financial activities, such as debt repayment schedule, number of active loans, and on-time or delayed bill payments. A good credit score can help you get loans and credit cards at reasonable interest rates and with a higher credit limit.
Mar 27, 2023To mark International Women's Day, here are five financial empowerment tips for women, as well as some credit card offers available in the UAE that can help them reach their financial goals.
Mar 9, 2023Are you tired of spending money without getting anything in return? With the right credit card, you can start earning cashback on all of your purchases. Cashback credit cards are all the rage in UAE and have become a budgeting essential for UAE customers. These credit cards not only offer you money back on every purchase, but they also provide additional benefits such as loyalty points, discounts, coupons, etc.
Feb 28, 2023The debt-to-burden ratio assesses the proportion of your monthly income that goes towards paying your expenses (including loans and credit card installments). Banks use this measure to determine your loan and credit card eligibility based on your current obligations and ability to repay them.
Feb 23, 2023There's no better place to celebrate Valentine's Day than in Dubai, where you can express your love in some of the most romantic and unique ways.
Feb 13, 2023UAE is a bustling country that never sleeps, and having a car can be a game-changer when it comes to getting around. With the high cost of living in UAE, not everyone can afford to purchase a car outright, and this is where car loans come in handy. Car loans are a popular option in UAE as they provide an easy and convenient way to finance your dream car. In this comprehensive guide, we'll take a closer look at car loans in the UAE, including the types, processes, and tips for choosing the right one for you.
May 24, 2023A personal loan in the UAE is a type of unsecured loan that can be obtained without any collateral or guarantor requirement. It is a popular financing option for individuals who need funds for various personal reasons such as weddings, higher education, international trips, starting a new business, and debt consolidation.
May 11, 2023Are you struggling to decide between renting and buying a property in the UAE? Do you find it challenging to determine which path is right for your financial future? Well, you're not alone! Many people face the same problem when it comes to making this decision. The UAE is an expensive country, and property prices can be sky-high. Moreover, the rental market is incredibly competitive, making it tough to find affordable housing. As a result, many people find themselves in a bind, unable to determine which path is best for them.
May 5, 2023Have you ever wondered why some people always seem to have enough money while others struggle to make ends meet? The answer lies in how they manage their expenses. Learning how to manage expenses is crucial, especially if you are living in the UAE, one of the most expensive countries in the world. In this blog post, we will discuss why it is important to learn how to manage expenses in the UAE and how you can do it.
Apr 28, 2023Credit cards have become an integral part of our daily lives, especially in the UAE, where cashless transactions are widely accepted. They offer various benefits, including reward points, cashback offers, discounts on shopping, and easy access to credit. However, applying for a credit card can be a daunting task, especially for first-time users. In this blog post, we will provide a complete guide to successfully applying for a credit card and receiving approval in the UAE.
Mar 30, 2023