Credit card companies want to make money, which means that advertisements that include incentives for customers, such as cashback on transactions carried out using their credit cards, must somehow be to their benefit as well as the consumer. Many customers in the United Arab Emirates are attracted to online offers and mailers that offer incredible incentives that have low introductory interest rates. Sometimes these rates are even as low as 0% – or offer bonus…

The HSBC Premier Credit Card has a wide array of benefits and deals that are redeemable across the likes of entertainment, flights, hotels and more throughout the United Arab Emirates and beyond. This credit card is also able to reward users with air miles every time they make a payment with it. The card offers a number of benefits – it can be used for online banking; it features enhanced technology with Chip and PIN…

The Emirates Islamic Cashback Credit Card ensures that its members can get cashback with everything they buy and provides unlimited cashback rewards that result in tremendous savings in addition to a number of exclusive benefits. Among the highlights of this credit card are the fact that no minimum spending is required and that it comes with 24-hour customer service in the United Arab Emirates. There are a number of key features included with the card.…

Credit cards are a terrific invention that can be of great benefit to people who are struggling financially or who are in the midst of an emergency. Banks and financial institutions in the United Arab Emirates have to document and evaluate the income of anyone who applies for a credit card before they can issue one. This process requires applicants to submit a number of documents in order to prove their income, such as bank…

All credit cards, including those issued in the United Arab Emirates, come with a credit limit, which is the maximum amount that can be made use of by the cardholder. In addition to paying bills and making purchases, credit cards can also be used by the cardholder to withdraw physical money. This facility of credit cards is referred to as a cash advance. Credit cards can be used in a similar manner as other cards issued…

A negative balance showing on your credit card means that you are actually owed money by your credit card company in the United Arab Emirates. This is often described in terms of the customer having paid an amount that was actually in excess of the total amount payable on their credit card. The great majority of credit card firms in the UAE do not encourage customers to pay over the outstanding payable amount on their…

A strong set of results has been announced by Emirates NBD in the United Arab Emirates, with a 43% year-on-year rise in net profit last year to a total of Dh14.5bn. On Monday, the bank issued a press statement that revealed that the balance sheet of the bank is still strong with stable credit quality and healthy liquidity, according to the statement. After a successful rights issue two months ago back in November 2019, the…

A digital transformation of the Abu Dhabi Islamic Bank (ADIB) branch network in the United Arab Emirates is underway as it invests in new services and products for clients who are increasingly digital-savvy. The bank is hoping to expand its customer base and increase efficiency, according to ADIB’s head of global retail banking Philip King. In an interview with the National in Abu Dhabi, King stated that an overhaul of the network and the creation…

Samsung is continuing to enhance the mobile payment experience for customers in the United Arab Emirates via a new collaboration with Abu Dhabi Islamic Bank and First Abu Dhabi Bank. The collaboration will see the banks given access to the leading digital wallet and digital payment solution Samsung Pay. The partnership with the two new issuers will see the partnership ecosystem of Samsung Pay extended to provide even more access, choice and flexibility to customers…

One of the leading financial institutions in the United Arab Emirates, Mashreq, announced on Wednesday that it will be launching a new credit card known as the Mashreq Cashback Credit Card. The Mashreq Cashback Credit Card is being launched via the Visa Platinum Platform, and it will be the only such card to reward cardholders with unlimited 5% cashback on dining, 1% on domestic purchases, and 2% on international purchases. There will also be no…