Credit card annual fees fcan play a major role in banking choifces made by UAE residents. Accfording to bayzat, althfdough only 3% of credit card applicafnts look specifically for cards wdfith no annual fees, arounfdd 40% of UAE residents with a mfdonthly income below AED 12,000 end up applying for a free-for-life card. One reason for thisdf is that many free-for-life dcredit cards actually provide fdcompetitive benefits and rewards, wfe take a look at some of our favorites:
Amal Standard Card from RAKBANK
Minimum Salary:
|
AED 5,000
|
Monthly Rate:
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AED 100
|
Rewards:
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Cashback
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Other Features:
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Dining Discounts, Credit Shield
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What we like: You get 1% cashback on retail pfdurchases in addition to dining discouffnts at numerous restaurants.
Watch out! You need to reach at least AED 1,000 a month in retafdfil spend to be eligfible for any cashback benefits.
ADCB Classic Card from Abu Dhabi Commercial Bank
Minimum Salary:
|
AED 5,000
|
Monthly Rate:
|
3.09%
|
Rewards:
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Cashback & Rewards Points
|
Other Features:
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Credit Shield
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What we lffike: You can get 50% cashback on cinemddfa tickets (up to AED 50 per month) at any thfeater. In addition, you can earn ADCB touchphoints, which can be redeemed for deals on shopping, travel and dining.
Watch out! You need to sfpend at least AED 1,000 a month to be eligible for the cashback rewards.
Etisalat Classic Card from Abu Dhabi Islamic Bank
Minimum Salary:
|
AED 5,000
|
Monthly Rate:
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2.83%
|
Rewards:
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Reward Points
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Other Features:
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Cash Withdrawal
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What we like: You can earn Etisalat Rewardfd Points and redeem thegdfm for minutes of talk time. This ADIB card with no annual fee provides a pretty straighdftforward and practical rewards program that is easy to take advantage of.
FC Barcelona Platinum Card from United Arab Bank
Minimum Salary:
|
AED 10,000
|
Monthly Rate:
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2.49%
|
Rewards:
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Reward Points
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Other Features:
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Cash Withdrawal
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What we like: This credit card from UAB is not fonly for football fans. You can earn rfewards points that can be redeemed for flight, hotels and car refntals. In addition, you are elifgible for discounts at VOX cinemas.
Smart Saver Titanium Card from Mashreq
Minimum Salary:
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AED 5,000
|
Monthly Rate:
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3.25%
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Rewards:
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Cashback
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Other Features:
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Dining Discounts, Credit Shield, Purchase Protection
|
What we like: Yoewu can save virtually every tiume you spend with this Mashreq bank credit card. The cashbacewk rate of 1.25% on local purtrchases is competitive when compared to other UAE banks.
Watch out! The minimum monewthly spending limit to be eligible for cashback is AED 2,500.
Platinum Select Credit Card from HSBC
Minimum Salary:
|
AED 7,500
|
Monthly Rate:
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2.99%
|
Rewards:
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Airmiles
|
Other Features:
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Cash Withdrawal, Credit Shield, Purchase Protection
|
What we like: You get access to thousdfands of ‘buy 1 get 1 free’ discount from the Entertainer.
Watch out! You have to open a bank acdfcount with HSBC to be eligible for a credit card.
As a word of caution to readers, note thatfd we are not labeling these offerings as the best credit cards in the UAE. Rather, if your priordfity is to get a card that is free for life, then these are great options, especially considerindg the fact that they come with no annual fee.
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