One of the most important concerns for any parent is providing their kids with the best education possible. Sometimes, however, it may happen that the best education is a bit expensive. It is to help parent in these situations that the student credit cards have been created. What they do is to provide credit cards that are issued in association with various educational institutes to provide cardholders with attractive discounts on school fees along with all the other features of a credit card.
Top student credit cards in UAE
Student credit cards offer cardholders, who are parents, the chance to get more out of their credit cards when it comes to paying the school fee for their kids. These facilities could range from attractive discounts on school fees to cash back offers when cards are used to pay for the fee. Some of the top cards offering this service are:
ADCB Excellency Visa Infinite Credit Card
The Excellency Visa Infinite offered by the Abu Dhabi Commercial Bank allows you to pay your child’s school fee without having to leave your house. The convenience doesn’t just end there, once the school fee has been paid using this card, the payment can then be turned into instalments which can be paid back in 3, 6 or 12 months. There is a processing fee of 1% to 3% charged for this service.
Standard Chartered Titanium Credit Card
The Titanium Credit Card offered by Standard Chartered offers parents the option of 10% cashback when this card is used to make payments for their children’s school fee. The best part about this plan is that even if the school refuses to accept payments via credit card, the company will arrange for you to pay the school fee in instalments of 6 months or 12 months. This can even be done in case you have made the payment using the card and now want to convert that payment into an instalment plan. The 10% cash back offer will stand even if you go in for the instalment payment scheme.
ADCB Lulu Credit Card
The Lulu credit card allows you to pay your child’s school fee using the Lulu credit card. Once the fee is paid, the amount paid can be repaid in instalments at an interest rate of 0% if it’s paid back in 3 months. The card offers 3 instalment options of 3, 6 and 12 months with processing fees ranging from 1% to 3%. Even if the card has been used to pay school fee, the payment is still eligible to earn Lulu reward points which can be redeemed at a later date.
GEMS Titanium Credit Card
The GEMS Titanium card is a card launched as a result of a partnership between the National Bank of Abu Dhabi and GEMS Schools. Among the many facilities that if offers cardholders is the facility to use this card to pay school fees. Using this card to pay your child’s school fee at a GEMS School entitles you to a discount of 7% per annum on the reducing amount of the school fee.