A Filipina based in Dubai has wiped out a credit card debt worth as much as Dh1m by paying back just Dh11,000.  The woman, known only as Andrea, settled the debt just two months after she paid off another credit card debt of Dh1.7m by paying back Dh15,000. The 39-year-old told Gulf Newsthat although the first debt had been settled, she had not expected another bank in the United Arab Emirates to also be generous enough to…

It can be difficult for people in Dubai to resist getting a credit card, given that they are surrounded every day with holiday deals, buy-now-or-lose-out promotions, and shopping offers. It is very easy to apply for a credit card in Dubai and elsewhere in the United Arab Emirates, but one lawyer is warning citizens that the decision to get a credit card is not one that should be taken lightly.  Hani Hammouda, who works with the Kefah…

Those who often travel around the world are likely to be interested in UAE credit cards specifically aimed at globetrotters. These credit cards have been designed for the exclusive use of frequent travellers and come with a wide array of benefits, from free cab rides to great deals on accommodation and air miles.  The best credit cards for travel in the UAE include the Najm Voyager Signature Credit Card, the Standard Chartered Visa Infinite Credit Card,…

The number of people using credit cards in the United Arab Emirates has risen greatly over the last few years, with new customers being pulled in by the rewards and offers that they are now providing.  Banks in the UAE receive numerous applications for a credit card every day, but not everyone will have theirs approved. There are a number of things which banks have to look out for while carrying out their checks, so it…

63% of people in the United Arab Emirates have a credit card, according to a recent survey, with around five million active cards estimated to be in circulation currently. There are considerably more credit cards than debit cards in use in the UAE, which is largely because of the number of benefits that a credit card holder can receive. These benefits can range from points redemption and cashback offers to shop benefits and movie offers. Many…

On Saturday, the RuPay card was officially launched by Narendra Modi, the Prime Minister of India, with Indian officials claiming that the new credit card will charge just 10% of the transaction fees associated with other debit and credit card companies in the United Arab Emirates. The RuPay card is the indigenous Indian counterpart to the likes of Visa or Mastercard, which Modi symbolically launched by swiping his own card in order to purchase Indian…

Con artists in the United Arab Emirates continue to grow bolder and are now making use of scare tactics in order to trick unsuspecting targets into giving away their money, with many gullible Emiratis losing hundreds of thousands of dirhams, according to authorities. According to the UAE’s Telecommunications Regulatory Authority (TRA) Information Security Analyst Abdullah Buali, phone scammers are now making direct calls to people or sending them a message on WhatsApp, falsely suggesting that…

Credit cards are one of the most convenient methods of payment and have become an important part of everyday life for the great majority of people in the United Arab Emirates. The benefits offered by banks and various credit card offers in the region have helped to make them one of the most preferred payment methods. The number of applications for credit cards in the UAE rises by more than 50% every year. There was…

Charges and responsibilities go hand in hand with credits and facilities, meaning that credit cards are not for weak-willed spenders. It is important to be thrifty and wise if you are going to own a credit card in the United Arab Emirates, and there are some basic concerns that you should take into consideration before you apply for one in the Gulf region. A credit card enables you to spend money on credit up to…

A homegrown Indian payments scheme is to be promoted by Narendra Modi, the Prime Minister of India, when he makes his third official visit to the United Arab Emirates this weekend. Modi is to be awarded the highest civilian honour in the UAE, the Order of Zayed, during his two-day trip but will also take the time to launch the RuPay network during an event, which is set to take place on Saturday at the…