What Is Needed To Obtain A Credit Card In The UAE

The process of getting a credit card in the UAE is not complicated, but it does involve certain procedures. When you apply for a credit card, you need to be able to meet certain eligibility criteria set by your bank and guidelines issued by the Central Bank of UAE. It is also important to understand what kind of credit card you are looking for and which one will serve your needs better. If you have an excellent credit history and can show proof of regular income, most banks will likely approve your application on the spot. Here is what you need to know when you want to apply for a credit card.

Proof Of Identity

When you’re looking to get a credit card in the UAE, like when you apply for an ADCB credit card, the first thing you will need is proof of your identity. Across the world, there are multiple ways to prove your identity when you apply for a credit card, but in the UAE, you will need to use your passport. With some application forms in the UAE, you can use your Emirates ID as a separate form of identification; however, when applying for a credit card, you will need both of these documents.

Emirates ID

An Emirates ID is an identity card issued by the government and is a legal requirement for all citizens and residents to obtain. Additionally, you are also legally required to have it with you at all times. When you apply for a credit card, you will be asked to provide your Emirates ID card alongside your proof of identity in order to proceed with the application.

Valid Residence Visa

A valid residence visa is something that most banks will request of you as proof of address. This is one of the most important requirements for obtaining a credit card in the UAE. You must have a valid residence visa, or you will be unable to complete the application for the credit card.

Monthly Salary Certificates

Banks will want to see proof of your income. You will need to show them your two most recent salary certificates. This will help banks determine how much credit you can get and how much you will have to pay each month. However, some banks may need to see more than two months of salary certificates. When applying for a credit card, check how many months the provider you have chosen needs before you progress with the application. Additionally, if you are self-employed, banks will ask you to provide trading certificates as proof of your income instead of monthly salary certificates.

Bank Statements

When you submit your credit card application, you will also have to provide copies of your bank statements. This will help the bank know that you have enough funds to repay your loan. If you are applying for a large credit line, banks will look at your current accounts and savings and make sure your surplus is enough to cover your credit card payments.