Credit cards are an increasingly popular payment option in the UAE, with many banks and financial institutions offering competitive interest rates on credit card balances. When selecting a credit card, it is important to consider the Annual Percentage Rate (APR), which is the rate of interest applied to outstanding balances on the card. According to a news article published by The National in 2018, the average annual percentage interest charged on credit cards issued in the UAE is around 3.45% to 3.5%. To help you choose the right credit card for your needs, we have compiled a list of the top 5 credit cards in UAE based on their APR rates:
NUMBER 5
Mashreq Platinum Elite Credit Card:
This credit card offers an APR rate of 3.45%, along with a range of benefits including reward points on all purchases, complimentary airport lounge access, and discounts on dining, entertainment, and shopping.
NUMBER 4
Dubai Islamic Bank Emirates Skywards Infinite Card:
The Dubai Islamic Bank Emirates Skywards Infinite Card offers an APR rate of 3.49% and comes with a range of exclusive benefits, including unlimited VIP lounge access, complimentary golf at select courses, and travel insurance.
NUMBER 3
ADCB Touchpoints Infinite Card:
This credit card offers an APR rate of 3.25% and is ideal for those looking to earn reward points on everyday purchases. The card offers generous bonus Touchpoints on grocery, fuel, and utility purchases, as well as discounts on dining and entertainment.
NUMBER 2
Standard Chartered Gratia Platinum Card:
This card offers an APR rate of 3.25%, with no annual fees. It also comes with a range of benefits, including reward points on all purchases, complimentary supplementary cards, and discounts on dining and shopping.
NUMBER 1
Emirates Islamic Bank Skywards Signature Card:
This credit card offers an APR rate of 2.99%, making it one of the best options available in the market. The card is ideal for frequent travelers, as it offers unlimited airport lounge access and Skywards Miles on all purchases.
Overall, these top 5 credit cards offer competitive APR rates, reward programs, and other benefits, making them some of the best options available for individuals in the UAE looking for credit. Emirates Islamic Bank Skywards Signature Card is the best option, however, it’s important to read the terms and conditions carefully before choosing a credit card to ensure that it meets your specific requirements and is the right fit for your financial situation.
Before you leave, click on the articles down below for more info on credit cards:
What is the best Credit Card in the UAE?
Emirates Islamic Bank Skywards Signature Card is the best option for a credit card as far as APR is concerned. However, it’s important to read the terms and conditions carefully before choosing a credit card to ensure that it meets your specific requirements and is the right fit for your financial situation.
What is the best Credit Card for APR in the UAE
Emirates Islamic Bank Skywards Signature Card offers competitive APR rates, reward programs, and other benefits, making it the best options available for individuals in the UAE looking for credit. However, it’s important to read the terms and conditions carefully before choosing a credit card to ensure that it meets your specific requirements and is the right fit for your financial situation.
How to choose the best credit card in UAE?
When selecting a credit card, it is important to consider the Annual Percentage Rate (APR), which is the rate of interest applied to outstanding balances on the card. According to a news article published by The National in 2018, the average annual percentage interest charged on credit cards issued in the UAE is around 3.45% to 3.5%. To help you choose the right credit card for your needs, we have compiled a list of the top 5 credit cards in UAE based on their APR rates
Which is the best credit card in Dubai?
The Emirates Islamic Bank Skywards Signature Card is the best credit card in Dubai for Annual Percentage Rate (APR). However, if you want an list on the BEST credit cards in Dubai, click here: https://arabpocket.com/the-best-credit-cards-in-uae/
Which card is best use in UAE?
The Emirates Islamic Bank Skywards Signature Card is the best credit card in Dubai for Annual Percentage Rate, however if you want an list on the BEST credit cards in the UAE, click here: https://arabpocket.com/the-best-credit-cards-in-uae/