Balance Transfer Credit Cards in UAE 2022-Compare4benefit

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If you’re struggling to make ends meet, a balance transfer on your credit card in UAE can be a helpful option. Here, you can read about the Balance Transfer Credit Cards in UAE 2022.

In recent years, it’s become easier to find banks that offer balance transfer credit cards in UAE. This allows you to transfer the outstanding balance from one bank account to another, potentially giving you some breathing room.

Top 11 Balance Transfer Credit Cards for 2022 in UAE

1. Emirates NBD MasterCard Titanium Credit Card

The Emirates credit card comes with a range of features and benefits that cardholders can enjoy. These can include golf offers, access to airport lounges, reward points, several discounts, and more. This credit card is a top choice in the balance transfer category.

Emirates NBD Mastercard Titanium Credit Card

  • Minimum Salary AED 5000
  • Annual Fee AED 400
  • Airport Lounge Access
  • Dining Discounts
  • Golf Benefits
  • Reward Value: AED 2,994

Apply Now

2. Mashreq Bank Platinum Elite Credit Card

The features of the credit card are designed to give you peace of mind. The balance transfer feature allows you to transfer a balance from another credit card at a 0% interest rate and with no income documentation required. You can transfer a maximum of 75% of your credit limit.

Mashreq Platinum Elite Credit Card

  • Minimum SalaryAED 7,000
  • Annual FeeAED 650
  • Airport Lounge Access
  • Airport Pick up or Drop
  • Balance Transfer
  • Reward Value:AED 1,000

Apply Now

3. CBD World MasterCard Credit Card

With this credit card from Commercial Bank of Dubai, you can enjoy plenty of great privileges and experiences. With CHIP & PIN, access to airport lounges, balance transfer, and CBD rewards, this card has it all. Plus, there are two different balance transfer options to choose from – regular and revolving – so you can find the one that best suits your needs.

Commercial Bank of Dubai World MasterCard

  • Minimum SalaryAED 25,000
  • Annual FeeAED 787.50
  • Airport Lounge Access
  • Movie Discounts
  • Dining Discounts
  • Reward Value:AED 16,239

Apply Now

4. HSBC Advance Credit Card

The HSBC Balance Transfer Credit Card allows you to balance your transfers monthly at a reduced interest rate, with zero percent interest for the duration of the transfer plan. There are no fees charged for this service. You can also earn air miles rewards, as well as enjoy discounts on hotels, free access to airport lounges, and many other travel and lifestyle benefits.

HSBC advance platinum Credit Card

  • Minimum Salary AED 10,000
  • Annual Fee Free For Life
  • Free for Life
  • Airport Lounge Access
  • Movie Discounts
  • Valet Parking
  • Reward Value: AED 11,077

Apply Now

5. ADIB Value Credit Card

The ADIB card gives you the chance to rack up rewards not just for domestic spending, but for international purchases, too. You’ll be able to enjoy plenty of advantages and benefits, such as free flight tickets, vouchers to use at shopping centers, and a maximum discount of 25 percent at some of the best restaurants in the UAE. So make sure to sign up today and reap the rewards.

ADIB Value Card

  • Minimum Salary AED 5,000
  • Annual Fee Free For Life
  • Free for Life
  • Dining Discounts
  • Special Discounts
  • Reward Value: AED 2,808

Apply Now

6. RAKBANK Red Credit Card

The RAKBANK credit card is a great way to save money on your shopping. With contactless technology, you can save time and have more protection with features such as coverage for travel accidents, credit shields, purchase protection, and more.

RAKBANK RED Credit Card

  • Minimum Salary AED 5,000
  • Annual Fee Free For Life
  • Free for Life
  • Dining Discounts
  • Special Discounts
  • Reward Value: AED 4,821

Apply Now

7. First Abu Dhabi Bank Etihad Guest Platinum Credit Card

With this credit card, you’ll get some amazing sign-up benefits that you can’t find anywhere else. But that’s not all you’ll also have access to airport transfers, the ability to earn Etihad Guest miles, and a whole host of other offers including discounts on golf, movie offers, and much more. And if that wasn’t enough, this FAB credit card also comes with protection benefits like an extended warranty, credit shield, and purchase protection.

FAB Etihad Guest Platinum Credit Card | First Abu Dhabi Bank (FAB) Credit Cards

  • Minimum Salary AED 8,000
  • Annual Fee AED 500
  • Special Discounts
  • Reward Value: AED 13,329
  • Annual Charges: 500 dirhams
  • Transfer up to 90 percent of the pre-decided credit limit

Apply Now

8. CBD Super Saver Credit Card

The CBD Super Saver Credit Card was created to help customers get the most out of their lives. This credit card has been a popular choice for many people in the UAE because it offers a wide range of exclusive features and benefits. The card is known for its high cashback rate, which allows cardholders to earn money back on every purchase they make.

CBD Super Saver Credit Card

  • Minimum Salary AED 8,000
  • Annual Fee Free for the first year
  • Airport Lounge Access
  • Movie Discounts
  • Dining Discounts
  • Reward Value: AED 13,867

Apply Now

9. Emirates NBD LuLu 247 Mastercard Titanium Credit Card

Card members can earn rewards, in the form of Lulu Points, on their daily spending. They can redeem these points at Lulu stores or enjoy exclusive benefits and features, such as travel, dining, wellness, movies, sports, entertainment, and more.

Emirates NBD LuLu 247 Mastercard Titanium Credit Card

  • Minimum Salary AED 5,000
  • Free Balance Transfer
  • Priority Checkout
  • Early Access to Major Sales and Promotions
  • Free Shipping
  • Monthly Discounts and Exclusive Offers
  • Amazon Prime Membership

Apply Now

10. FAB Elite Infinite Credit Card

The FAB Elite Infinite Credit Card is designed for cardholders who want to enjoy a luxurious lifestyle. The card comes with an exclusive collection of benefits and privileges, including lifestyle, travel, protection, rewards, and more. The card makes your transactions secure as well as rewarding.

FAB Elite Infinite Credit Card

  • Minimum SalaryAED 50,000
  • Free for Life
  • Get a guaranteed AED 2000 travel voucher on card activation to use for travel bookings on the FAB Travel Portal.
  • 0% International Transaction Fee from the bank.

Apply Now

11. United Arab Bank Visa Platinum

UAB’s Titanium credit card was designed with you in mind. It has great benefits and privileges to give you the best experiences. The UAB Titanium Mastercard is perfect for the emerging affluent segment. It comes with unmatched travel privileges and superior lifestyle benefits.

United Arab Bank Business Credit Card | United Arab Bank (UAB) Credit Cards

  • The minimum salary is AED 6000
  • The annual fee is AED 0
  • Rate 19%
  • Cash advance 3% /Min 100
  • Non-AED transaction fee 3%

Apply Now

 

Features & Benefits of Balance Transfer Credit Card in UAE

A zero percent balance transfer credit card can be a great option for anyone who wants to avoid paying interest on their purchases for a set period of time. You can transfer your balance from an existing credit card (which might have high-interest rates) to a credit card with better APR rates, and you won’t have to pay any fees for six months or longer.

Here are the features and benefits of the balance transfer credit card:

  • Low Rate of Interest-If the cardholder has a credit card with a high-interest rate, opting for a credit card with a low rate of interest is a good idea. Transferring high-interest debt from an existing credit card to a card with a much lower interest rate will help the cardholder pay off the debt. With the lower interest rate, the cardholder’s monthly credit card expenses will go toward paying the outstanding balance of their credit card, and not interest.
  • Pay Low Charges- It is easy to transfer the balance to a new credit card with one that offers better benefits. If the cardholder’s existing card has a bad history in terms of high fees or low grace period, they can transfer their balance to a better credit card for the good. The new credit card may even offer promotional rewards for making new purchases. Another great way to get more value for your money is to use credit card points to book travel or make other purchases.
  • Low APR- A balance transfer can help a cardholder save on their existing debt by allowing them to get a low or 0% introductory APR. This can help them pay off the balance within a set period of time.

Eligibility Criteria for Balance Transfer Credit Card Card in UAE

There are a few things that go into whether or not someone is eligible for a balance transfer credit card. The main things are an individual’s current credit health and repayment history. Additionally, being up to date on credit card payments and not overextending yourself financially are also key factors. Listed below are a few more details about balance transfer credit card eligibility.

How to Apply for Balance Transfer Credit Card in the UAE?

It is quite easy to apply for a credit card balance transfer. Here are the steps the applicant needs to follow:

  1. Look for a credit card issuer that offers a significantly lower interest rate than the existing card.
  2. Find all the relevant details including the processing fee.
  3. Get the required application form from the issuer/bank.
  4. Fill in all the necessary details including the credit limit.
  5. Get the application form from the bank/financial institution
  6. Fill out the application form by providing the required details such as credit limit, expiry date, the unpaid amount of the existing credit card, and the credit card number, etc.
  7. Attach the required documents such as the previous month’s payment records, address poof, and copy documents of the credit card.

FAQs

  1. What is a balance transfer on a credit card in UAE?

A balance transfer can help the cardholder to pay off the balance amount on an existing card by transferring it to another card.

  1. Do balance transfers hurt your credit?

You may see a positive impact on your credit score if you transfer your balance to a single new card and take action to reduce your debt balances.

3. Can I transfer money from a credit card to a bank account in UAE?

some services even let you send money to a recipient’s credit card. UAE-based non-resident Indians can use a locally issued credit card and transfer money to any bank account in India through the online cross-border remittance service, Remit2India.

4. Can I do a balance transfer from a credit card to a debit card?

There is usually a fee to perform a transfer between a credit card and a debit card. This will depend on your provider but is usually somewhere between 1% and 5%.

5. How many balance transfers can I do?

You can do multiple balance transfers to the same card, as long as the amounts transferred and any transfer fees do not exceed the card’s credit limit.

  1. How long does balance transfer take?

A balance transfer occurs when you move a balance from one credit card to another. This process typically takes about five to seven days.

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