When choosing a credit card, it’s important to consider not only the interest rates and fees, but also the minimum repayment requirements. The minimum repayment is the smallest amount that you are required to pay back to your credit card issuer each month in order to avoid penalties and fees.
In the UAE, the following five credit cards offer the lowest minimum repayment requirements:
NUMBER 5
Dubai First Amazing World Card
This card requires a minimum repayment of only 5% of the outstanding balance or AED 100, whichever is higher. It also offers exclusive discounts on travel, shopping, and dining.
NUMBER 4
ADIB Cashback Card
The ADIB Cashback Card requires a minimum repayment of only 5% of the outstanding balance or AED 100, whichever is higher. It also offers cashback rewards on all purchases.
NUMBER 3
NBAD Titanium Credit Card
This card requires a minimum repayment of only 5% of the outstanding balance or AED 100, whichever is higher. It also offers discounts on dining, travel, and shopping.
NUMBER 2
FAB Platinum Credit Card
The FAB Platinum Credit Card requires a minimum repayment of only 5% of the outstanding balance or AED 100, whichever is higher. Additionally, it offers discounts on travel, insurance, and entertainment.
NUMBER 1
RAKBank Titanium Credit Card
This card requires a minimum repayment of only 5% of the outstanding balance or AED 100, whichever is higher. It also offers cashback rewards on entertainment, dining, and utility bills.
When choosing a credit card based on minimum repayment, it is important to note that paying only the minimum amount can result in paying more interest and taking longer to pay off your balance. It is recommended to pay more than the minimum amount whenever possible to reduce overall interest charges and pay off your balance faster.
In conclusion, if you’re looking for a credit card in the UAE with a low minimum repayment requirement, the RAKBank Titanium Credit Card, FAB Platinum Credit Card, NBAD Titanium Credit Card, ADIB Cashback Card, and Dubai First Amazing World Card are all excellent options. However, remember to carefully review and compare the terms and conditions of each card to determine which one is best suited for your needs and financial goals.
What is the best Credit Card in the UAE?
RAKBank Titanium Credit Card is the best option for a credit card as far as minimum repayment 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
RAKBank Titanium Credit Card offers low minimum repayment, cashback reward, 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 choosing a credit card, it’s important to consider not only the interest rates and fees, but also the minimum repayment requirements. The minimum repayment is the smallest amount that you are required to pay back to your credit card issuer each month in order to avoid penalties and fees.
In the UAE, the following five credit cards offer the lowest minimum repayment requirements:
Which is the best credit card in Dubai?
RAKBank Titanium Credit Card is the best credit card in Dubai for minimum repayments. 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?
RAKBank Titanium Credit Card is the best credit card in Dubai for minimum repayments. However, if you want an list on the BEST credit cards in Dubai, click here: https://arabpocket.com/the-best-credit-cards-in-uae/