Credit cards are one of the most convenient methods of payment these days, which is why everyone wishes to own one. However, in order to get approved for credit cards in UAE from your desired bank, there are certain details and information that you will be required to provide your bank with, such as your minimum salary.
But, what should your minimum salary be to be eligible for credit cards in UAE?
Let’s find out:
What is the minimum salary to apply for a credit card in the UAE?
Although the exact answer to this question depends on what bank you go to, most banks provide a credit card to customers who have a minimum salary of AED 5000.
Thus, if your minimum salary is below this number, you might have difficulty finding a bank in the UAE that will offer you a credit card.
However, some banks are still willing to offer customers a credit card with a minimum salary as low as AED 3,500, with terms and conditions.
So, what should you do if your minimum salary is below AED 5000?
How to get a credit card in UAE if your salary is below AED 5000?
Luckily, there are some ways you can still manage to get yourself a credit card. In the UAE if your salary falls below UAE 5000.
- Save at least AED 3000
It is important to have at least AED 3000 in savings to be eligible for a credit card. So, when you finally apply for a credit card, you will not be able to withdraw this AED 3000 for about 45 days. Now here’s an important detail to remember- the higher your savings, the higher the credit limit you will receive.
- Al Awwal certificates
Al Awwal certificates are exclusively for UAE residents. With this certificate, you can easily convert your cash into saving certificates. The plus point here is that you won’t be required to purchase an AED 3000 Al Awwal certificate in one go. You can start for as low as AED 100 and keep going till you reach AED 3000!
- Contact a Bank Sales Officer
A bank sales officer of your desired bank will help you through the whole application process of getting a credit card.
Other factors you must consider to be eligible for a credit card in UAE
Apart from the minimum salary, you will need to be eligible for a credit card. There are other important factors you must consider, such as:
Age: It is essential to have a minimum age of 21 and not be older than 60 years to be eligible for a credit card. However, there are certain banks that still provide credit cards to customers who are the age of 18 years.
Credit History: In order to get approved for a credit card, you must have a credit score between 300 and 900.
Identification proof: Applicants must show their UAE Emirates ID, passport, or visa emigrants.