There are no dearth of options when it comes to credit cards in UAE. Every bank in UAE offers a wide range of credit cards that has its own set of unique features and benefits. But how does one find the perfect credit card in this plethora of options? Given below are some tricks that will be helpful in choosing the perfect credit card.
- Type of Credit Card-
The first step in choosing the right credit card is deciding the type of credit card that you want. There are different types of credit card in the market, each designed for a specific purpose. Travel credit cards, dining credit cards, entertainment credit cards are some of the credit cards that are designed for specific purposes so it is important to figure out what you are looking for from your credit card as it will help you narrow down on your choices.
- Cost of the Credit Card-
The next factor that comes into play is the cost. There are lots of charges and fees that you have to pay when it comes to credit card. There are two charges that one needs to be careful about while opting for a credit card, it is the rate of interest and annual fee. These are the two main charges that one needs to pay attention to as it constitutes most of the cost for the credit card. A lower rate of interest will ensure that you are not burdened by credit card payments.
- Benefits offered by the Credit Card-
Ask yourself if you are looking for specific benefits from your credit card. Every credit card offers a wide range of benefits across different categories but there are some credit cards that offer benefits only in certain categories such as dining, entertainment and shopping. It is important to look at what benefits are offered by the card to ensure that you are getting the best deal out of your credit card.
Does the bank you are choosing have ATMs located everywhere? Does the bank have branches located close to your place? Does the bank offer internet banking services? These are some important questions that needs to be on your checklist when you zero in on a credit card.
- The Bank-
It is important to study a little bit about the bank before finally applying for the credit card to ensure that you can put your trust in the bank.
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