Over the years, credit cards have become a significant instrument for managing personal and business finances. Not only do they provide instant financial support but help you save money on multiple purchases, whether in the form of cashback or rewards. Moreover, these cards contribute to building a credit profile, which is necessary to apply for future loans.
In the UAE, financial institutions offer various types of cards catering to diverse needs. Thus, even if you find it challenging to choose a card wisely as an expat, you can easily compare credit cards in Dubai and find the perfect card for yourself.
Let’s take a look at the best credit cards for expats in the UAE.
Which are the Best Credit Cards for Expats?
In the UAE, banks segregate cards under different categories. Let’s look into the best credit cards in UAE across major categories —
Cashback Credit Cards
As the name says, this type of card gives you a percentage of purchases back in the form of points. You can earn cashback across multiple categories, including groceries, shopping, dining, fitness, and much more.
With a cashback card, you can save money on purchases and use the credited amount to offset your credit card bill.
Travel Credit Cards
With a travel credit card, you get exclusive privileges while travelling and save money on flight and hotel bookings. Additionally, banks offer complimentary services, such as travel insurance, airport lounge access, airport transfer facilities, and more to enhance your trips.
On top of all such benefits, you can even earn points and convert them into points for redemption in airlines.
Free for Life Credit Cards
A free for life credit card does not require you to pay any annual fee for your lifetime. This type is ideal for those seeking to save their money and build credit over time. Instead of worrying about fees and charges, you can earn rewards while enjoying financial flexibility.
Balance Transfer Credit Cards
If you’re already running into debt, transferring your balance to a new card with a lower interest rate can help you settle it faster. With a balance transfer credit card, you can move your debt from one card to a new one.
A new card with a low or 0% introductory interest rate can help you pay off your debt at the earliest. However, keep in mind that a transfer fee may be applicable.
Rewards Offer Credit Cards
Upon each credit card transaction, a Rewards credit card lets you earn rewards. These rewards can be in the form of Points, Miles, or Cashback.
How to Select the Top Credit Cards in UAE?
Here’s how you can find the best credit card in Dubai:
Know Your Financial Preferences
Before initiating your research, jot down your financial preferences. Plan how you will manage your credit card expenses so that you don’t exceed your monthly limits.
Shortlist the Benefits You Want
As the cards offer a multitude of benefits, it’s important to know your lifestyle preferences. Suppose you’re a frequent traveller who needs a card to save on your travel-related expenses. Here, it would be wise to choose a travel credit card.
Check Out Multiple Cards
Various aggregator platforms allow you to compare credit cards in UAE. Through this comparison, you can easily find cards with similar preferences and choose the best one.
Top Banks Providing the Best Credit Cards in UAE
Some of the banks offering the top credit cards in the UAE are as follows —
| Emirates NBD | Dubai Islamic Bank |
| HSBC | First Abu Dhabi Bank |
| Abu Dhabi Commercial Bank | RAKBANK |
| Citibank | Deem Finance |
| Commercial Bank of Dubai | Abu Dhabi Islamic Bank |
Do You Qualify for a Credit Card?
Here are the general eligibility requirements for applicants as per banks in the UAE —
Age
The minimum age requirement is 21 years
Salary
Your monthly salary must be AED 5,000 or above
Employment Status
Both salaried and self-employed individuals can apply
Nationality
Cards are available for both UAE nationals and expatriates
Credit Score
The minimum credit score required is usually 650. However, this is a general figure — the specific score depends on your chosen bank.
Also Read – Understanding Dubai Business Jurisdictions: Key Differences Between Mainland, Free Zone, and Offshore