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Why do you need a credit card?
Sep 30, 2022
When it comes to financial health, whether you need a credit card or not is a common question that comes to mind. Credit cards, when used appropriately, can be crucial tools for earning rewards, travelling, dealing with emergencies or unexpected bills, and enhancing credit scores. While having a credit card can be useful in some situations, you should carefully consider whether you need one before signing up.
Here are a few of the reasons why you require a credit card:
Seek out a sign-up bonus
If you are planning to get a new card, look for one that offers a sign-up bonus like cashback, free hotel stays, points redeemable for airline tickets, etc. Most credit cards now provide rewards for spending—a specific percentage of cash back or miles that can be used toward future trips.
Earn cashback
A cashback credit card is a good option if you pay off your credit card balance every month and have no intention of incurring debt. These cards reward you for your good spending habits by giving you a percentage of your spending back in cash. However, because these cards usually have high-interest rates, they are only worthwhile to use if you intend to pay off your balance each month before interest charges kick in.
Building credit
Credit cards are a valuable tool for credit building since they allow you to demonstrate how well you handle credit. Credit cards can help you create a great credit history if you make timely payments and avoid exceeding your credit limit, making it easier for you to obtain loans in the future.
Safer to carry and use
Carrying cash or using a debit card may not give as much protection from fraudulent activities as using a credit card. Card issuers may also provide various sorts of fraud protection to cardholders, like dark web monitoring for your personal details, contactless payments, and virtual credit card numbers for online purchases, all of which may help make your card and identity safer.
Utilize the discount mall
Many credit card companies have a "discount mall," or a group of national retailers with whom they collaborate to provide cardholders with regular discounts. You can usually find a list of these stores, as well as how much you can save, on the website of your credit card company.
Earn free airline tickets or hotel stays
Travel rewards credit cards allow you to accumulate miles or points that can be redeemed for a free flight or hotel stay. When you pay with an eligible travel credit card, you can also get travel insurance for trip delays, cancellations, lost luggage reimbursement, and other benefits. This is a great way to save money when booking vacations.
In short, acquiring a credit card can be a great way to build credit and finance purchases, but it can also harm your credit score and lead to debt, depending on your circumstances. At BanqMart, you can find the perfect credit card in Dubai that's ideal for your needs.
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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.
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‘How can you get the most out of your credit card reward points?’ is a question that usually comes to a credit card user’s mind. Credit card rewards can be an excellent way to earn cash back, travel discounts, and other benefits. Credit card holders use sophisticated methods to get the most value out of each point and mile they earn to maximise their benefits. As a wise user, you must understand how to strategically utilize your credit cards to maximize the benefits of these reward schemes.
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Brunch culture in Dubai is unparalleled as it is all about delicious food, incredible parties, and never-ending entertainment. Hundreds of hotels and restaurants offer attractive discounts with a combination of great food and refreshing, exotic beverages across the emirate. Whether you want to relax on the beaches, party on weekends, or enjoy food as much as possible, we have got it covered. Here is a list of our favourite brunches in Dubai just for you.
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Purchasing a home and obtaining a mortgage can be a time-consuming and stressful process for first-time buyers. Even though many buyers prefer to pay in cash to avoid paying interest, mortgages in the UAE provide the buyer with a great deal of flexibility when it comes to managing money, budgeting payments, and selecting the ideal property. We compiled the best tips to help you stay ahead of the competition. Here are five pointers to help you acquire the mortgage you desire.
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When it comes to financial health, whether you need a credit card or not is a common question that comes to mind. Credit cards, when used appropriately, can be crucial tools for earning rewards, travelling, dealing with emergencies or unexpected bills, and enhancing credit scores. While having a credit card can be useful in some situations, you should carefully consider whether you need one before signing up.
Sep 30, 2022UAE’s Best Travel Credit Cards
Travel expenses, from plane tickets to hotel stays, can be extremely pricey at times. Some banks and financial organisations provide credit cards for travel purposes. If you travel frequently you should surely get the finest travel credit card that can save you a large amount of money on your travel bookings while also making your trip enjoyable. Travel cards are specifically created for travellers to receive a variety of rewards such as Skywards miles, Air miles, and free taxi rides.
Sep 16, 2022How to invest in UAE
When you have some savings, the first thing that should come to mind is to invest them and make a profit. But how to invest is a question that remains in mind. Good investment plans are crucial for the development and sustainability of any business and individual. The UAE, with its diverse economy and strategic location, offers potential investors a thriving financial environment. Evolved into one of the most sought-after luxury tourist destinations in the world, the UAE offers a promising venue for international trade and business.
Sep 16, 2022
