How to Get A Credit Card if you Earn below AED 5000
Credit cards have now become the basic need of the people living in this digital world. In UAE, the minimum requirement of salary or income must be about AED 5000 in most of the banks for applying for the Credit card. What will the people do if their salary is less than the AED 5000? Does he cant apply for the credit card? No, is the answer to it.
I am going to tell you here that how can a person whose salary is less than AED 5000 get a credit card. And the more exciting thing is the limit of that credit card ranges about triple the monthly salary. This is not a promotion activity to promote a bank, but I am mentioning it here for the help of the needy people.
Note: kindly note that the bank name mentioned in the previous version of this article is removed, which provides this facility to its clients. This is against the bank policy that its name cant is used in the unauthorized or illegal publications. That’s why it was necessary to remove the bank name for the writer, but you can get information by contacting the number given below.
Guidelines for getting a credit card
Everyone applying for the credit card should keep in his mind that the money that you use my credit card is the type of loan that you should have to pay back to the Bank that has given the credit card to you as per its policies. If you were not able to pay that money, you might be fined extra money, or you have to face the legal action. There are many stories of people who did not pay that money and get in trouble. So, if you cant understand the policy of using a credit card, then please don’t apply for it. The procedure to use it safely is given in the link below.
Step 1: Save Up to AED 3000
A person applying for this card should have a minimum amount of AED 3000 in his bank account. This AED 3000 will be used as security, and this is not the fee applying for the card, you will get back this amount after 45 days. But during these 45 days, you can not use this money as a credit.
This Bank allows its cardholder to credit the amount up to 95% of his total saving. For example, if you have to save AED 3000, you can credit the amount up-to AED 2850. The higher the savings, the higher will be the credit limit.
Step 2: invest in AI Awwal certificates
Visit this Bank with your passport, residence visa, Emirates ID to purchase the AI Awwal certificates. These certificates combine both savings and investment. You can convert a minimum AED 100 to these certificates as a saving.
Convert your saving of AED 3000 in saving certificates by purchasing certificates of AED 100. I will suggest you here to purchase AED 100 Certificates rather than a single certificate of AED 3000.. it will make you eligible for applying for the credit card.
Step 3: Make a call to sales officer of the Bank
Maybe a sales officer will not involve with you for just the investment of AED 3000, but you should have to try by taking a chance. Call at 0556286887and apply for the credit card. In my case, a Filipino lady (the name is not allowed to mention) help me in applying for this card. And I believe that you can also get help in applying for this card.
Step 4: Wait for one or two weeks
Normal delivery time after applying for the card is seven working days, but they can be exceeded due to some abnormality. So be patient and wait for another week if you don’t get it on time, and during this time, make a list of the things to buy from this card.
Step 5: Swipe wisely/ make a purchase plan
After getting your card, you can swipe it on any teller machine for purchasing your livelihood. As advised earlier, please purchase using this card by remaining in your limit. So you can pay back it easily, don’t go beyond the limits. Try to pay your outstanding balance in the coming month, and don’t delay it to avoid inconvenience.
It is reminded to all the readers that if you are not able to understand the requirements of the card, please do not go to apply for it. But if you understand it, then go freely to get it and enjoy its charm. Manage your budget, swipe it wisely, and save as you can.
Always beware of the frauds or scams in getting a card, don’t involve a middle man and go directly to the Bank to get your card.