Credit card spending up 20% since 2011

| Banking, Dubai Credit Cards, UAE Finance News |

Retail in Dubai and Abu Dhabi is doing extremely well right now, tourism is on the up, there’s an air of confidence back in the UAE and that is reflected with increased spending, more specifically, spending on credit cards.

Farhad Irani, head of retail banking at Mashreq Bank has seen the average amount spent on credit cards rise by 20% since this time last year, this is only good news for banks in the region who are scrambling to make profit in a crowded and competitive market.

Local and international banks are fighting to win more business and that is great news for consumers who can pick and choose from any number of great offers with benefits ranging from Air Miles to Ipads. Personal loans and credit cards are very popular in Dubai where money buys everything and everything has an inflated price tag.

Despite the increase, banks are seeing more cautious and considered spending with UAE residents still scared from the 2009 economic downturn.

Compare the latest credit cards available.

Standard Chartered Launches New Credit Card Promotion

| Dubai Credit Cards |

Standard Chartered Bank, announced its latest credit card promotion which allows new customers to receive an iPad2 16 GB, as a welcome gift. New credit card customers just have to confirm a minimum spend of certain amount on the card for a year, to receive the iPad2 (16 GB) upfront. The campaign is a limited period offer and is open for new Platinum and Titanium Credit Card applications only.

With the Standard Chartered Platinum or Titanium Credit Card, cardholders earn the Bank’s 360° Reward Points faster.

Cardholders can redeem their points, for flights on over 300 airlines to any destination. Customers can also redeem their points against Asia Miles and KrisFlyer Miles or redeem the points against cash back or reward vouchers for supermarkets, restaurants, jewellery shops or lifestyle and apparel shops.

Standard Chartered Platinum Credit Card holders also enjoy over 350 exciting offers across member establishments in the UAE and worldwide.

Commenting on the promotion, Syed Hammad Haider, General Manager, Retail Products and New Business, Standard Chartered UAE said:

“The UAE is one of Standard Chartered’s key markets globally and we are keen to continuously develop our business in this country. We firmly believe in providing our customers with financial services and products that match their increasing needs and expectations. We have succeeded in sustaining our growth in the UAE through our continued continuously delivering exceptional service and offering value added benefits to our customers.”

Credit Cards Dubai

| Dubai Credit Cards |

Dubai Credit Cards

In Dubai, there are lots of bank with different types of credit cards. You can check online about these credit cards and choose the best one according to your needs. You can search card by category, type and select for you. You can apply for anyone of the credit cards online. Here are some credit cards offered by the banks of Dubai:

Abu Dhabi Islamic bank:
• VISA credit card. Co-Branded credit card. No annual fee, low opening rate, reward card, airlines card, cash back.

Al Hilal Bank:
• VISA credit card. No annual fee and low opening rate.
• Gold Credit Card. It is also VISA card with no annual fee and low intro rate.

Arab Bank:
• Internet shopping card. VISA card. No annual fee.
• VISA platinum credit card. No annual fee.
• VISA Electron Card. No annual fee.
• VISA classic card. Low opening rate. Annual fee of AED 150, student and airlines card.
• VUSA Gold. Low opening rate. Annual fee of AED 300, airlines and student card.

Barclays:
• Barclay Premier League Card. Master card. No annual fee.
• Classic preferred bundle. VISA card. No annual fee, low opening rate, reward card.
• Classic priority bundle. VISA card. Reward and airlines card. Low opening rate, annual fee of AED 300.
• Elegant Bundle Gold. VISA card. Low intro rates, no annual fee, reward, business, student and airlines card.
• Elite Bundle Gold. VISA card. Low opening rate, annual fee of AED 150, business, airlines and reward card.
• Elite Bundle Platinum. VISA card. Low opening rate, annual fee of AED 550, platinum, business, airlines, reward card.
• Esteem Bundle Platinum. VISA card. Low opening rate, annual fee of AED 950. Platinum, airlines, business, reward card.
• Gold preferred Bundle. VISA card. Low opening rate. no annual fee, reward card.
• Gold priority bundle. VISA card. Low opening rate, annual fee of AED 300, airlines and reward card.
• Platinum personal prestige bundle. VISA card. Annual fee of AED 500, low opening rate, airline and reward card.
• Platinum card. VISA card. No annual fee, low intro rates, airlines and reward card.

Citi Bank:
• Citi Life Titanium. Master card. No annual fee.
• Citi Life Platinum. Master card. No annual fee.
• Citi Life Infinite. VISA card. No annual fee.
• Citi Premier Miles. Master card. No annual fee.
• Citi premier Miles Elite. Master card. No annual fee.
• Citi Life Silver. Master card. No annual fee.
• Emirates Citibank Gold Card. Master card. No annual rate and fee. Airlines card.
• Citi Travel pass Card. VISA card. Low opening rate, annual fee of 400 Dhs. Airlines card.
• Citibank Gold card. VISA card. Low opening rate, annual fee of AED 300, reward card.
• Citibank Silver Card. Master card. Low opening rate. Annual fee of AED 150. Reward card.
• Citibank Ultimate Card. VISA card. Low intro rate, annual fee of AED 600. Airlines card.
• Emirate Citibank Ultimate Card. VISA card. Annual fee of AED 800. Platinum and reward card.

Dubai Bank:
• VISA Covered Card. VISA card. Low opening rate, no annual fee and rate, business, airline and reward card.

Dubai Islamic bank:
• Al-Islami Infinite Credit Card. VISA card, no annual fee, platinum, business and reward card.
• Classic Al-Islami Charge Card. VISA cad. Annual fee of AED 200, airlines card.
• Classic personal Credit Card. VISA cad. Monthly fee of AED 75. Airlines card.

There are also other credit cards such as Gold premium Personal Card, Platinum Al-Islami Charge Card, VIP Platinum Al-Islami Charge card. Most of the credit cards of this bank are VISA card with some annual fees.

So, as you can see there are various types and categories of credit card in Dubai. Lots of banks provide these credit cards with lots of facilities. Some charges annual fees and some do not. You must choose your own credit card comparing all these.