Credit Card Eligibility in UAE

General Credit Card Eligibility Requirements in UAE

While each financial institution has its own eligibility criteria for credit cards, we will check out the common eligibility requirements set by most banks and credit card providers in the table below -

Check Eligibility Criteria for Top Credit Card Providers in UAE

Having looked at the general requirements, let’s go through the top credit card providers in the UAE and the eligibility criteria to apply for their credit cards -  

1. Citibank Credit Card - Eligibility Criteria

2. First Abu Dhabi Bank Credit Card - Eligibility Criteria

3. Deem Finance Credit Card -  Eligibility Criteria

Factors Affecting Your Credit Card Eligibility in UAE

Check out the key aspects that influence your credit card eligibility in the UAE: 

• Age: he minimum age to apply for a credit card in the UAE is 21 for both nationals and expatriates. The upper age limit is usually 63 for expats and 65 for nationals., However, this can differ from one bank to anothe.
• Credit Score: In order to get approved for a credit card from any financial institution, you must have a decent AECB credit score. This figure is used by the bank to determine your creditworthiness. You can easily get a credit card if you have a good credit score usually more than 650. A high score shows you as a low-risk applicant to the bank.
• Existing Credit Card Balance: Having a variety of credit cards can help you get a credit card as it demonstrates your ability to manage debt well. At the same time, to keep a good credit score, you must use your credit cards properly and pay off any balances on schedule. Your credit card application can be denied by the bank if you fall behind on your credit card payments.
• Employment Stability: How stable is your history of employment is a crucial factor considered by banks when deciding on your credit card application. You pose a lower risk to the bank if you have steady work at a reputable company and can easily afford to pay off your credit card obligations. On the other hand, banks may believe that you have a higher risk of missing card payments if you frequently change jobs.

Documents Required for a Credit Card Application in UAE

To carry out the credit card application process in the UAE, you would be required to keep a few documents handy -: 

Documents Required for Salaried Individuals 

• A valid Passport ID 
• A valid Emirates ID for UAE nationals as well as residents
• Utility bill or lease agreement for address proof 
• Salary certificate or salary slip from the current employer 
• Last 3-6 months’ bank account statement 

Documents Required for Self-Employed Individuals 

• A valid passport 
• Emirates ID (for both UAE nationals and residents) 
• Individual and business bank account statements 
• A valid trade licence
• A copy of the Power of attorney (if applicable) 

FAQs on Credit Card Eligibility