Apply for Cashback Credit Card in UAE - A Step-by-Step Guide

Key Takeaways

  • Minimum age requirement for cashback credit card applicants in the UAE is typically 21 years.
  • Most banks require a minimum monthly salary of AED 5,000 to AED 8,000 for cashback credit card eligibility.
  • Essential documents include Emirates ID, passport copy, valid UAE visa, and proof of income.
  • Online applications are increasingly common, with some banks offering paperless processes.
  • Approval times vary, but can be as quick as 24 hours for pre-approved customers.

Who is eligible to apply for a cashback credit card?

Before initiating the application process, potential cardholders must evaluate their eligibility. UAE banks set specific criteria for cashback credit cards:

  • Age: Applicants must be at least 21 years old.
  • Income: Minimum monthly salary requirements range from AED 5,000 to AED 8,000, depending on the bank and card type.
  • Residency: Valid UAE residency is mandatory.
  • Credit History: A good credit score enhances approval chances.

For instance, ADCB's 365 Cashback Credit Card stipulates a minimum salary of AED 8,000 or eligibility for a credit limit of at least AED 15,000 Citi Cash Back Card requires a minimum monthly income of AED 8,000.

Prospective applicants can check their eligibility and compare various cashback card options at UAE cashback requirements.

Gathering Required Documentation

Banks in the UAE require a standard set of documents for cashback credit card applications:

  1. Emirates ID (copy)
  2. Passport copy with valid UAE residence visa
  3. Proof of income:
    • For salaried individuals: Recent salary certificate or pay slip
    • For self-employed: Trade license and financial statements
  4. Bank statements (typically for the last 3-6 months)
  5. Utility bill for proof of address

Some institutions, like Sharjah Islamic Bank, also request a completed application. It's crucial to have these documents ready before initiating the application process to ensure a smooth experience.

Choosing the Right Cashback Credit Card

Selecting the appropriate cashback credit card involves analyzing spending patterns and comparing card features:

  1. Cashback rates: Cards offer varying percentages on different spending categories.
  2. Annual fees: Some cards waive fees for the first year or upon meeting spending thresholds.
  3. Minimum spend requirements: Certain cards necessitate a minimum monthly spend to activate cashback.
  4. Additional benefits: Consider perks like airport lounge access, travel insurance, or dining discounts.

For example, the Emirates Islamic Cashback Plus Credit Card offers up to 10% cashback on groceries, education, dining, and telecom, with rates increasing based on monthly.

Initiating the Application Process

Most UAE banks now offer online application options for cashback credit cards:

  1. Visit the bank's official website.
  2. Navigate to the credit card section and select the desired cashback card.
  3. Click on the "Apply Now" or similar button to start the process.
  4. Fill in the required personal and financial information accurately.
  5. Upload scanned copies of the necessary documents.

For instance, Citibank UAE allows customers to apply for the Citi Cash Back Card entirely online, promoting a paperless sign up.

Completing the Application Form

When filling out the application form, pay attention to these key sections:

  1. Personal Information: Full name, date of birth, nationality, and Emirates ID number.
  2. Contact Details: Current residential address, email, and phone number.
  3. Employment Information: Employer name, job title, and length of employment.
  4. Financial Details: Monthly income, existing debts, and other financial commitments.
  5. Card Preferences: Desired credit limit and additional card requests.

Ensure all information provided is accurate and matches the supporting documents to avoid delays in processing.

Submitting the Application and Document Verification

After completing the form:

  1. Review all entered information for accuracy.
  2. Submit the application along with the required documents.
  3. Some banks may require in-person verification — be prepared to visit a branch if necessary.
  4. Expect a confirmation email or SMS acknowledging receipt of your application.

Banks typically process applications within 3-5 working days, though some offer faster turnaround times for pre-approved customers.

Awaiting Approval and Card Activation

Post-submission, the bank will review your application:

  1. Credit check: The bank assesses your creditworthiness.
  2. Verification calls: Expect a call from the bank to confirm details.
  3. Approval notification: If approved, you'll receive confirmation via email or SMS.
  4. Card delivery: The physical card is usually delivered within 5-7 working days.
  5. Activation: Follow the bank's instructions to activate your new cashback credit card.

Some banks, like Standard Chartered, offer incentives for successful online applications, such as AED 500.

Understanding Your New Cashback Credit Card

Once you receive your card:

  1. Review the cashback program details, including earning rates and redemption processes.
  2. Familiarize yourself with additional benefits and how to access them.
  3. Set up online banking or download the bank's mobile app for easy account management.
  4. Consider setting up automatic payments to avoid late fees and maintain a good credit score.

For example, FAB's Cashback Credit Card offers up to 5% cashback and additional travel benefits that cardholders should explore to maximize.

Frequently Asked Questions

Q. How long does the cashback credit card application process take in the UAE?

The process typically takes 3-5 working days, but can be faster for pre-approved customers or slower if additional verification is required.

Q. Can expatriates apply for cashback credit cards in the UAE?

Yes, expatriates with valid UAE residency visas can apply for cashback credit cards, provided they meet the bank's eligibility criteria.

Q. Is there a minimum credit score required for cashback credit card approval?

While banks don't publicly disclose specific credit score requirements, a good credit history significantly improves approval chances.

Q. How soon can I start earning cashback after receiving my card?

Most cards allow you to start earning cashback immediately upon activation and use. However, some may have a waiting period or minimum spend requirement.

Q. Can I apply for multiple cashback credit cards simultaneously?

While it's possible to apply for multiple cards, it's advisable to space out applications to avoid negative impacts on your credit score.

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