Technology plays a vital role in online purchasing via credit cards in this modern era. You will see mostly your family, friends, or relatives using credit cards. Credit cards have become essential in daily life. These cards are beneficial for both online and offline shopping.In Dubai there are many websites which provide the services to get a credit card today. If you want to join any club, you must get your first credit card. Then, numerable ways are available in Dubai. Before apply credit cards online or offline, you must consider which one is best for you. To select the credit card, you will need to know whether you are eligible for the credit card.
Eligibility Criteria For the Credit Card
Age limit
Some Institutions require the applicant’s age to be 18 years old, but in the UAE Age requirement is a little more. If you are from Dubai, your age limit should be 21 years to apply for a credit card.
Salary Limit
Apply for credit card salary requirement varies on card type and institutions. The minimum salary should be 5000 AED monthly to get any necessary credit card.
Credit History
Initially, you can get a secure credit card first if you don’t have a credit card or credit card history. Or the credit card with the limited options that depend on your credit card payments. After that, you will be eligible to select a credit card.
How to select the right card?
Joining / Yearly fee
All the credit cards do not require the joining or annual fee. , If you pay any credit card fee, then make sure that cards offer rewards. You get that rewards in the form of free fuel, air miles, reward points, etc.
Some banks charge the joining fee for the first time you apply for the credit card and the yearly fee in the next year. You will need to compare the credit card fee with privileges or rewards.
Lifestyle
You should analyze your lifestyle. Mostly you spend on what? What are your expenses? You may love shopping, but your job requires travel within the city, or you travel internationally. Whatever your lifestyle is, credit cards reward you and allow you discounts. You earn points on the credit cards; your benefits and discounts increase when the points increase. When choosing the first credit card, you should select which will give you the maximum benefits or rewards of the credit cards.
Credit Limit
This is the maximum amount that credit cards allow you to withdraw once or spend. The banks set the credit card credit limit according to your credit score. Initially, banks set a limit. But over time, the bank can increase the limit of analyzing your bank account. The bank increases your credit limit if you use the credit card regularly and always pay back on time.
Advance cash limit
This feature helps you in an emergency and allows you to withdraw money using a credit card. Also, there is the withdrawal limit that the bank sets. Usually, the advance cash limit is less than the credit card limit.
