Pick up premium credit card in UAE with lucrative offers with help of SoulWallet

Posted by SoulWallet on March 25th, 2020

If you search out for best credit card in UAE, then your options seem to be quite overwhelming. According to current survey, there are over 200 credit cards to be picked up from with each one offering different perks. Would you want to get best credit card that provides zero yearly fees? Are cashback rewards seem to be better option than other existing offers such as free round of gold or lounge access? Here are a few essential tips that you must consider in order to pick up best credit card in UAE:

Pay all your dues every month

Many banks provide credit limits that are two or even three times than that of monthly salary of the customer. This can even tempt you for overspending. Well, if you are unsure of spending habits and also seem to be late on payment, choose credit card with minimum rate of interest. If you consider yourself to be a disciplined spender as well as repay expenses before due date, then you must choose best credit card in UAE with higher interest rates and perks.

 Check whether free for lifetime credit cards seem to be your right option

All the existing banks in UAE provide free for life cards but it is vital that these credit cards are not the ones that you should always opt for. While paying something between Dh 700 to Dh 2000 every year might seem to be additional cost, you should always look into details of perks being available on credit card. Not every card that is advertised as no yearly fee is free for whole life. Make sure you should check out if the offer such as no annual fee is available for only first year or for extended period of time.

Know about interest rate

If you look into basic details of the credit card in UAE, the interest rate may be displayed only in single digits and that also can be misleading. All these are not annual rates of profit and they are charged on monthly basis. The yearly profit rate provides only 48 percent only for few banks. If you want to make large purchases or expenses like home renovation or vacation and do not have adequate cash on your hand, then personal loan certainly an make more financial sense rather than making credit card payment or even allowing huge interest. Certainly, the Islamic banks seem to be Sharia-compliant so that interest or profit may not be charged on any outstanding amounts. This certainly would be a thing that you should consider while choosing a credit plan. They also might have few other service charges that you would certainly look into.

Learn more about lucrative perks

Take out your precious time in order to assess each and every perk that certainly would seem to be quite lucrative in the first glance but certain terms and conditions would make it impractical for you. Well, is there any kind of minimum spend that a bank expects from all of you before allowing access to perk. Are cashback rewards usually tied up to specific brands or even retailers? Starting from balance transfer, air miles, lounge access to diverse Islamic financial services, al the banks can throw a lot of money in terms of additional perks. Certainly, as a customer, you can gain access to each and every offer and ensure that it helps you in best possible way.

Are you searching for credit card in UAE with lucrative offers? Are you in search of best cash back card in UAEwith exclusive offers? Undoubtedly,SoulWallet allows you to do comparison of loans and also compare credit cards in UAE. In the process, it allows you to check out options that may save your money and also allow you to enjoy perks.

SoulWallet helps you to get best loan and credit card in UAE and allows you to resolve your financial issues easily.