A Quick Look at When Did Credit Cards Came Out

Credit cards revolutionised personal finance and have become an essential tool for managing money. So, when did credit cards come out?

The first multipurpose credit card, the Diners Club card, was introduced in 1950, primarily for restaurant payments in the U.S. Soon after, other banks and financial institutions launched their own cards, expanding usage to retail and travel.

Over the decades, credit cards have evolved with features like rewards, cashback, and contactless payments. Today, they are widely used worldwide, including in the UAE, offering convenience, instant access to funds, and a way to build a strong credit history.

Things to Do for Credit Card Approval in the UAE

Applying for a credit card in the UAE is now very easy, with many banks offering instant approval through their websites or mobile apps. Here’s what you need to do to get your credit card quickly:

(1) Choose a Bank with Instant Digital Application

The first thing to do for credit card approval is to select the bank or financial institution. Several major banks, including First Abu Dhabi Bank (FAB), Emirates NBD, Dubai First, and Mashreq Bank, offer a convenient digital credit card application. During the application procedure, you can upload your documents and obtain preliminary approval within minutes via the official app or the bank's website.

Alternatively, you can visit Paisabazaar.ae and check the range of credit card products we offer from the leading banks under one roof. Compare and buy in no time, only from one place!

(2) Check and Meet Eligibility Criteria

Before applying, it’s essential to ensure you meet the bank’s requirements. This includes:

Minimum monthly salary requirements vary by card; some entry-level cards require AED 5,000 or more.
Valid UAE residency (Emirates ID)
Age requirement (usually 21 years and above, but some banks accept applicants aged 18 or 19)
A good credit report from al etihad credit bureau is usually required for credit card approval in the UAE.

(3) Prepare Required Documents in Advance

Another important thing to do for credit card approval is to prepare paperwork in advance. This reduces the time to process your application once you have started. The required documents include:

Emirates ID (original and photocopy)
Passport and residence visa (for expatriates)
Salary certificate or proof of income
Bank statements for the last 3 - 6 months
A UAE mobile number must be linked to your identity

(4) Complete the Online or Mobile Application Form

Submitting your application digitally is the fastest way to get approval. You can submit the form via the bank’s website or via Paisabazaar.ae’s online portal.

(5) Instant Approval and Digital Issuance

Nowadays, instant digital approval is guaranteed by many banks, provided the applicant meets their respective standards. Some banks issue a virtual card immediately after approval, but the physical card is typically delivered within 3 - 5 working days.

(6) Tips to Speed Up Approval

Certain practices can help you get approval faster. Some of these include:

Maintain a good relationship with the chosen bank, as existing customers are prioritised members.
Make sure the information provided matches government records.
It would be best to apply during business hours; hence, any manual review will be expedited.
Salary-transfer arrangements may help in certain cases, but approval speed and credit limits depend on the specific bank and card type.

Factors That Determine Credit Card Approval Speed

Several key factors influence how quickly a credit card application is approved in the UAE:

credit Score: A higher credit score (generally above 700–750) improves approval chances, though exact thresholds vary by bank. This reflects on-time payments, credit utilisation, and overall financial responsibility.
Monthly Income: Banks typically require a minimum salary, often AED 5,000 or more. Higher income can improve approval odds and credit limits. Salary certificates or bank statements are usually needed.
Age and Residency: Applicants must be at least 21 years old and legally residing in the UAE, as shown by an Emirates ID and residence visa.
Employment Status: Steady employment or proof of business income is required. Self-employed applicants may need business permits and financial records.
Complete Documentation: Accurate and complete documents, Emirates ID, passport copy, salary proof, bank statements, speed up processing, while missing items can delay or reject applications.
Debt-to-Income Ratio: Banks compare debts to income to determine repayment capacity, which affects credit limits and approval.

Meeting these criteria and maintaining clear, responsible financial records can significantly speed up credit card approval in the UAE.

5 Things Customers can do to receive a Credit Card in the UAE Quickly