A Balance Transfer credit card offers an excellent way of moving your outstanding credit card debt balance from one bank to another. Banks use this feature as a marketing tool, mainly offering reduced interest with easy installment plans that can last up to 36 months.
Balance transfer credit cards in the UAE have made debt management more straightforward. It’s no secret that the best transfer credit cards can be incredibly advantageous in building savings and establishing good credit. Let us find and compare the best transfer credit cards in Dubai/UAE in terms of card minimum payments, penalties, interest rate(APR), benefits, and more.
1. The Mashreq Bank Platinum Elite Credit Card.
With the Mashreq card, you can access various exclusive perks and privileges to fulfill your lifestyle needs. Whether it’s travel, sports, shopping, adventure, entertainment, or dining, this credit card will provide everything that meets your requirements!
Enjoy a hassle-free experience as you use their extended warranty and purchase protection features. Easily transfer balances at no interest rate and without any necessary income documentation! With this feature, you will enjoy the peace of mind you deserve.
Required minimum salary: AED 7,000.
Document Required for application: A copy of your ID, address proof, and a copy of your credit card.
Annual fee: AED 650
The Reward Value: AED 1,000
Credit Card Benefits
Airport Lounge Access
Balance Transfer
Airport Pick up or Drop
APR: 3.45%
Late payment Penalties: AED 241.5
2. CBD World MasterCard Credit Card
With Commercial Bank of Dubai’s excellent credit card, you can access many privileges and exceptional experiences. This includes complimentary airport lounge entry, CHIP & PIN technology, CBD rewards points, and more! Furthermore, this card offers two balance transfer options: revolving or regular, aiding your financial flexibility in the long run.
Required minimum salary: AED 25,000.
Document Required for application: A copy of your ID, a record showing your previous monthly payment, address proof, and a copy of your credit card.
Annual fee: AED 787.50.
The Reward Value: AED 16,239.
Credit Card Benefits
Airport Lounge Access.
Free for 1st year
Movie Discounts
Valet Discounts
Dining Discounts
APR:3.49%.
Late payment Penalties: AED 241.5.
3. HSBC Advance Credit Card
With the HSBC card, you will be eligible to reap plentiful rewards in the form of air miles as well as a complimentary Entertainment App from HSBC. Additionally, this is one of the best transfer credit cards out there and enables you to enjoy discounted rates on hotel accommodations alongside free access to airport lounges and other travel-related perks.
Required minimum salary: AED 10,000.
Document Required for application: A copy of your ID, a record showing your previous monthly payment, address proof, and a copy of your credit card.
Annual fee: Free For Life.
The Reward Value: AED 11,077.
Credit Card Benefits
Movie Discounts.
Free for Life.
Airport Lounge Access.
Valet Parking.
APR: 3.45%.
Late payment Penalties: AED 230.
4. ADIB Value Credit Card
Unlock incredible rewards, such as free flights and shopping vouchers, when you use the ADIB card! Enjoy a maximum discount of 25 percent at restaurants throughout UAE. Plus, you can benefit from these privileges both domestically and abroad.
Required minimum salary: AED 5,000.
Document Required for application: A copy of your ID, a record showing your previous monthly payment, address proof, and a copy of your credit card.
Annual fee: Free For Life.
The Reward Value: AED 2,808.
Credit Card Benefits
Free for Life.
Special Discounts.
Dining Discounts.
APR: 2.99%.
Late payment Penalties: AED 100.
5. RAKBANK Red Credit Card
Are you looking to save money while shopping? RAKBANK credit card is the perfect choice for you. It provides contactless technology and additional advantages such as travel accident coverage, purchase protection, and credit shield combined into one package.
Required minimum salary: AED 5,000.
Document Required for application: A copy of your ID, a record showing your previous monthly payment, address proof, and a copy of your credit card.
Annual fee: Free For Life.
The Reward Value: AED 4,821.
Credit Card Benefits
Free for Life.
Special Discounts.
Dining Discounts.
APR: 3.45%.
Late payment Penalties: AED 230.
6. First Abu Dhabi Bank Etihad Guest Platinum Credit Card
FAB’s credit card offers you remarkable sign-up benefits in addition to a vast range of advantages, such as earning Etihad guest miles, airport transfers, discounts on golf, movie offers, and shopping deals. Furthermore, it also provides protection benefits, including extended warranty coverage for purchases with this card.
Required minimum salary: AED 8,000.
Document Required for application: A copy of your ID, a record showing your previous monthly payment, address proof, and a copy of your credit card.
Annual fee: AED 500.
The Reward Value: AED 13,329.
Credit Card Benefits
Airport transfers
Special Discounts.
Movie offers
APR: 3.50%.
Late payment Penalties: AED 241.50.
Conclusion
Make the most of your finances in Dubai/UAE with one of the best transfer credit cards! Not only will they save you time and money on everyday purchases, but they’ll also unlock new rewards and bonuses. They are an optimal way of optimizing your budget without draining it. Don’t wait; take advantage of these beneficial cards now!