Credit cards are the most convenient payment method and have become an essential tool for everyone. It is the various credit card benefits and benefits offered by UAE banks that make them one of the preferred payment methods.
The number of credit card applications in the UAE has increased by more than 50% each year. According to a survey, credit card applications in the UAE increased by 70% in 2019 compared to the previous year. However, not all applications are approved. The bank checks several things when accepting a credit card application, such as debt burden ratio, credit score, minimum wage, nationality, etc. Among them, the first factor considered in credit card applications is the individual’s monthly salary/income.
A credit card in the UAE for AED 3000
No bank in the UAE offers credit cards with a salary of AED 3,000. As mentioned earlier, the minimum Wage for UAE credit cards is AED 5,000. Using credit cards correctly is the most useful tool. More than 60% of credit card holders do not know the interest rates charged by their cards, and in the UAE, about 20% of credit card holders do not know how lost credit card payments will affect them. This puts most credit cardholders in debt. It will have a more significant effect on individuals with salaries below AED 5,000. With that in mind, banks will not offer credit cards with a minimum wage of AED 5,000.
Read Also: Top 10 Credit Cards in UAE under AED 3000
Credit card with a minimum salary of AED 5000
Minimum wage requirements for UAE credit cards vary by bank. But usually, the minimum wage required for a credit card is AED 5,000. In the UAE, several banks offer credit cards with a minimum salary of AED 5,000. The best credit cards to earn a Dhs5,000 salary in the UAE are:
- ADIB Cashback Visa Platinum Card
- FAB Gems Mastercard
- FAB Standard Credit Card
- Emirates NBD Titanium Credit Card
Financial institutions are providing high yields for each card. They are not limited to essential functions, but they also offer excellent benefits such as cashback, dining discounts, travel privileges, movie discounts, and more.
salary AED3800 CREDIT CRD