Few essential guidelines to be followed for applying for best credit card in UAE

If you search for best personal loan or credit card wth best offers in Dubai it is advisable that you should take help of SoulWallet.

When you look into the scenario of UAE, your options seem to be quite an overwhelming one. In UAE there are more than two hundred credit cards to select from with each one providing several perks. Do you wish to acquire credit card with zero yearly fee? Do you want better cashback rewards? Ideally, you should find out the credit card that suits your lifestyle, supplements your needs and do not just push you towards excessive pending. Below are a few steps you should follow to apply for credit card of UAE.

Know about the expenses

Check out what type of purchase costs you maximum throughout the years. It may be family’s flight tickets, kids’ fees or even groceries. When you have fair idea of the type of expenditure that is highest then you should look out for the credit cards that offer best offers in the categories. There may a chance when any bank has rightly tied up with the supermarket you shop on regular basis in order to give your points that may again be redeemed for certain purchases.

Be sure about the benefits you want

There are diverse credit cards available in the market thereby offering reward programs, lower rates of interest, maximum credit limits, no annual fees and so on but the exclusive features that are perfect for you are based on actual usage. Perhaps you love playing gold or a sports expert who wishes to get tickets for club football. You may enjoy travel perks such as special lounge access. Even banks offer exclusive cards based on needs of clients which would help to improve lifestyle without costing extra amount.

Know more about free for life cards

Many banks have free for life cards but it is not at all necessary that these are ones you should go for. While paying something between Dh 700 to Dh 2000 per year would seem like an extra cost, you need to look into details of the card’s perks. Certainly, using card effectively and also availing these perks can help you save loads of money more than what you pay every year. Moreover not every credit card that is advertised as no yearly fee is free for the whole life. You should always read fine print to check out if no annual fee offer is only for first-year or for complete-time of use.

Know the interest rate

If you look into basic details of credit card, the rate of interest is shown in single digits that also may be misleading at times. It is to be noted that these are monthly and not annual rates of profit. Annual profit rate or APR offers up to 48 percent for a few banks. Therefore credit card is one of the worst types of debts that you may avail and it is also advisable that you should not overspend. Therefore if you wish to make loads of purchases or expenses such as renovating the house or even going for vacation and also do not have cash ready on the hand, a personal loan in Dubai would certainly make financial sense than making payments on credit card and allowing the interest rate to accrue. All the Islamic banks are Sharia-compliant so that profit or interest may not be charged on outstanding amounts. This would be something to consider while selecting credit plan. This certainly might have other service changes that you must look at.

For best personal loan and best offers in diverse credit cards such as Fab bank credit card in UAE, you can get in touch SoulWallet. It helps you to do credit card and personal loan comparison in UAE. In process, it helps you to know to identify the options that may allow you to save your money and also get lucrative perks.

SoulWallet allows you to do comparison of credit card and personal loan in Dubai and helps you to meet your personal financial needs.

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