Credit Card for Emaar Properties

When you decide to purchase any property in UAE, the use of your credit card is the most appropriate way. The credit card gives you money instantly that you will need for the purchasing of property. You will repay the amount with interest. Emaar Properties is one of the leading companies of real estate in the UAE. The credit cards of Emaar Properties are valuable because they offer the loan amount with lower interest. And you will easily repay the amount in a specific duration. The financial company Emirates Loan not only offers different types of loan but also help you if you want to apply for a credit card in UAE for Emaar Properties.   

Features & Benefits of Credit Cards for Emaar Properties 

Whenever you decide to apply for a credit card, consider this credit card also because it has a variety of amazing features & benefits. Due to these features, it is a worthwhile option for every person living in the UAE. 

• The minimum monthly salary is not higher. It means that the individual with no higher salary can also apply for it and be eligible to get it. Your salary per month must be more than five thousand AED. 
• The qualification eligibility criteria are also beneficial because you will get a card for all life.   
• All users can get access to special discounts such as on movies & dining. For instance, you will get one extra movie ticket on the purchase of one ticket.  
• There are also special 30% discounts on every Emaar attraction such as Dubai Underwater Zoo, etc. 
• You will also obtain outstanding Upoints when you use a credit card every time on the purchasing of anything. 

Way to earn rewards on Credit Cards 

When a user qualifies for this card, he will automatically be included in one of the programs of Emaar Loyalty. The daily purchases through these cards will give you extra rewards. You can also transfer the money through it. The transferring of money also gives you rewards that help you in purchasing new items at lower prices. The earnings of Upoints depend on the spending type:   

• Any kind of spending will give you 1% of Upoints and this ratio is higher on any Emaar spend. 
• When you use the Emaar properties card in any supermarket or restaurant, the earning of these points is more than 25%. 
• If you spend through any of these cards for any government service, the Upoints are 10%. 
• After the transaction through cards, Upoints will reflect on them within one day.  

Interest rates on credit cards

The interest rates on these cards are up to 3% every month. When the amount is repaid, the interest rate will be paid with the amount. All users who have higher monthly income can easily get access to repay the amount with lower interest rates.   

Eligibility criteria: 

To avail of this card, there are two major criteria of eligibility. In case of any confusion, the professionals of Emirates Loan guide you about how to become an eligible applicant to get a credit card in dubai. The main eligibility factors are: 

• The minimum salary of applicants should be more than five thousand AED. If any individual’s salary is less than 5000 AED, there is a difficult chance to get this credit type.  
• An individual must be employed. Employment is a basic requirement of this criteria. No matter if a person is salaried or self-employed. You have to provide authentic information about your employment.  

Requirement of documents: 

The important requirement of documents that you will need for these credit cards are the following: 

• A valid copy of Emirates ID 
• For salaried individuals, there is a demand for salary certificates. 
• If you are a self-employed individual, you will need to attach a copy of your trade license. 
• In addition, there is a requirement for bank statements from the previous three months. 
• In some situations, a security cheque is also compulsory. 

Terms & conditions to know:

The Terms and conditions that you should know are: 

• A cardholder will automatically become a part of the loyalty program. For this program, the card will connect with a new card account. This account is also used for the transferring of Upoints. 
• You will receive any kind of information related to the card on your email address or mobile number.  
• The earned points will transfer to cards’ accounts only if the cards are with the feature of activation. 
• There are particular transactions on which earnings are not possible such as cash advances, etc.  
• An individual cannot earn points if he uses a card for any commercial transaction. 
• Any kind of fee is not refundable. 
• In the case of a block account, the cardholder cannot receive the points because of ineligibility. 
• The points cannot be exchanged for cash. You can use these points for availing discounts.   

Fees & charges: 

There are specific fees & charges that are associated with these credit cards. You should know about them, so you should completely know about the overall cost of using this card.    

There is no annual fee for it. 

The cost of repayment per month is at least 5% of the outstanding amount. The closing balance must be more than 100 AED. 

There is a particular fee for cash advances also. You can avail of the cash advance depending on the credit limit. The maximum cash advance amount is equal to fifty percent of the credit limit. 

For the initial 55 days after receiving the card, this period is interest-free. It is valid for only retail purchases instead of cash advances. 

In case of late payment, the fee is a minimum of 241 AED monthly. And the fee for over the limit is 292 AED. 

For the replacement of a card, its fee is 21 AED. 

If you want any transaction of foreign currency, its fee is 1.99%. 

Besides, the issuance of its supplementary card as well as secret PIN is totally free.   

The using of Credit cards for Emaar Properties is smooth without any difficulty. You can easily purchase any property in the UAE with a low rate of interest.