CBD Credit Card Application Status

Commercial Bank of Dubai (CBD) has a strong presence in the UAE, with a vast network of branches and ATMs across the country. It has established a reputation for reliability and trust among its customers and the wider community. Known for its innovative and digital banking services, CBD offers a wide range of financial products, like credit cards.

Applying for a CBD credit card is a straightforward process. Once you have applied for this credit card, however, you should track its status to find out how your application has been progressing and whether there is any need for additional documents or information. 

In this write-up, we will discuss the various channels through which you can track your Commercial Bank of Dubai application status, steps that you can take to improve the chances of getting your application approved, and more. 

Why Should You Check Commercial Bank of Dubai Credit Card Application Status?

Checking your Commercial Bank of Dubai credit card application status is essential for multiple reasons

• Checking your credit card application status allows you to stay informed about the progress of your Commercial Bank of Dubai credit card application and know whether your application is approved or rejected.
• If there are any issues with your application, keeping a tap on its status can help you identify and resolve them within a stipulated time frame. This, in turn, can fast-track the application process.
• By checking your Commercial Bank of Dubai credit card application status, you can also be aware of how long it may take for your card to arrive and when you can start using it.
• With the credit card status check allowing you to monitor the progress and resolve issues as soon as they emerge, you can simplify the whole application process to a great extent.

How to Check CBD Credit Card Application Status?

You can check your Commercial Bank of Dubai credit card application status using any of the online and offline channels discussed below.

1. CBD Credit Card Application Status Online
2. CBD Credit Card Application Status Offline

Check CBD Credit Card Application Status Online

Via Mobile Banking

CBD mobile banking offers a host of benefits to its customers such as the convenience of banking, accessibility, and security. With its mobile banking facility, you can smartly manage your finances in one go, view your account information, and keep track of your CBD credit card application status as well. 

Follow these steps to track your Commercial Bank of Dubai credit card application status

• Download the CBD mobile banking app from the Google Play Store or the Apple App Store as per your device.
• Use the login credentials to sign into your account.
• Locate the ‘Credit Cards’ option and tap on the card you wish the track the status of.
• The real-time status of your credit card will be displayed on the screen.

Via Online Banking

With CBD online banking, you can stay updated on your banking activities without being required to visit the bank. You can also use this facility to check your Commercial Bank of Dubai credit card application status and see how your application is progressing.

Given below are the steps to check your CBD credit card application status using online banking – 

• Go to the official website of the Commercial Bank of Dubai.
• Locate the ‘Online Banking’ option on the home page.
• Use your user ID and password to log into your account.
• Expand the credit cards section and locate the option for application status.
• Your CBD credit card application status will be displayed on your screen.

Via Live Chat

In line with the bank’s digital services, you can also check your CBD credit card application status on live chat or by using the chat box available on the official bank website.

Check CBD Credit Card Application Status Offline

Via Phone Banking

Phone Banking is another convenient channel that allows you to catch up on your credit card application status and more. CBD provides round-the-clock services that can be accessed by you at your convenience from anywhere and at any time.

To register for the CBD phone banking service, follow the steps below

• Dial 600 575 556 and choose your preferred language. 
• Select the option of CBD Customer followed by Banking Services.
• Enter your account number associated with the credit card.
• Request a new telephone identification number (TIN).
• You will receive an OTP confirming the registered number.
• Enter the OTP and create your telephone identification number (4 to 6 digits).
• As soon as you obtain your telephone identification number, you can call 600 575 556 and enquire about your CBD credit card application status.

 

Branch Visit 

Ultimately, if you find the methods discussed above unsuitable, you can always visit your nearest branch of the bank and find out your Commercial Bank of Dubai credit card status. 

Follow the steps given below to know about your CBD nearest branch in UAE – 

• Visit the official bank website - cbd.ae.
• Log into the online banking portal.
• Locate the ‘Locations tab.
• This will take you up to the ATM and Branch locations along with the directions.
• You can find the branch on Google Maps and visit it.

It is to be noted that the facility for finding your nearest CBD branch is available only for online banking.

How to Increase the Chances of Getting CBD Credit Card Application Approved?

Keep the following pointers in mind to improve your chances of getting your Commercial Bank of Dubai credit card application approved – 

Be Aware of Your Credit Score

Credit score, a three-digit number provided by AECB, is used to evaluate your creditworthiness and plays a critical role with respect to lending and credit in the UAE. This score is generated based on your credit history from various sources like credit card issuers, banks, and other financial institutions.

Before applying for a CBD credit card, it is advisable to check your credit score to evaluate your eligibility. If your credit score exceeds 750, you can easily apply for a credit card as it is a good score. However, if your credit score is quite low, you should first improve it before re-applying.

Apart from assessing your eligibility criteria, a good credit score can also help you get better terms and conditions on your credit card, such as better profit or interest rates, higher credit limits, lower fees and charges, and so on.

Don’t Apply for Multiple Credit Cards at Once

It’s worth noting that applying for multiple credit cards can negatively impact your credit score, making it challenging for your commercial bank of Dubai credit card application approval. Each time you apply for a credit card, it generates a hard enquiry on your credit report, which lowers your AECB score by a few points. 

Applying for multiple credit cards at once also sends a red flag to the concerned lender, implying that you may be struggling with debt or looking to borrow more money than you can handle. This can make it more daunting for you to get the card, as the lender will view you as a higher-risk borrower.

Experts suggest that you should limit the number of credit card applications that you submit and space them out over time. This can positively impact your chances of getting your credit card application approved and expand the average age of your accounts.

Pay your Bills on Time

To fast-track your CBD credit card application process, you should pay your monthly instalments and utility bill on time. Apart from avoiding penalties or charges, it also improves your credit history and credit score. Consistently paying your bills on time shows that you are a responsible borrower and have outstanding financial management, which improves your odds of approval.

Track Your Credit Utilisation Ratio

The credit utilisation ratio also plays a pivotal role in your Commercial Bank of Dubai credit card application process. A high credit utilisation ratio shows that you are using a large amount of your available credit, which indicates financial strain and potential risk for default. Ideally, you should maintain a low credit utilisation ratio, say 30%, which is a sign of financial stability and responsibility.

List All Your Income Resources

Providing a complete and accurate list of all your income sources on a credit card application can help fast-track the process, as it gives the lender a more complete picture of your financial situation. This information can be used to verify your income, assess your ability to make credit card payments, and make a decision on whether to approve the application. 

By having all the necessary information readily available, the lender can quickly and efficiently process the application, which can lead to a swifter decision and a quicker issuance of the credit card.

Avoid Frequent Credit Score Checks

As mentioned earlier, multiple credit score checks can bring down your score. For this reason, it is highly recommended to avoid frequent aecb credit score checks in a short period. You should maintain the limit of credit score checks and be strategic about when to see your score. Generally, it is advisable to check your credit score only when you apply for credit.

 

Factors to Consider While Applying for a CBD Credit Card after Rejection

In case you are re-applying for a CBD credit card in the UAE after rejection, you should keep the following points in mind – 

Compare Credit Cards

With credit card terms varying as per time, lender, card, and more, you can find the card that best fits your financial requirements and credit history by comparing different options. A thorough comparison of credit cards can help you find the card with favourable terms and interest/profit rates that meet your specific needs and preferences.

Look for a Co-Signer

A co-signer is an individual who shares responsibility for the debt with the primary cardholder. The co-signer is legally obligated to repay the debt if the primary cardholder fails to make payments. 

The presence of a co-signer can increase the chances of approval for a credit card, especially for individuals who have a limited credit history, a low credit score, or face difficulty getting approved on their own. Moreover, a co-signer can also help the primary cardholder secure a higher credit limit or a lower interest rate. 

With that said, it is essential to remember that being a co-signer is a serious commitment and that the co-signer's credit score and financial stability can also be affected by the cardholder's usage. 

Diversify Your Credit

When you apply for credit cards, lenders look at your credit mix, which refers to the variety of products that you have, when assessing your creditworthiness. Having a good mix can help you establish an extended credit history and a strong credit profile while improving your chances of being approved for a credit card. 

Having a mix of different types of credit, such as car loans, credit cards, or mortgages, for instance, demonstrates that you have experience managing different types of debt and are a responsible borrower. This can work in your favour and make it easy for your application to get approved. 

Compute Your Debt-to-Income Ratio

The debt-to-income ratio provides a snapshot of your ability to repay debt and helps the concerned lender to assess the risk of extending credit to you. Ideally, you should maintain a low debt-to-income ratio as it indicates your financial stability to make regular credit card repayments. Thus, before applying for a credit card again, watch your debt-to-income ratio and try to reduce the ratio of monthly debts against your income to improve your chances of being approved for favourable terms.

Contact the Lender

In case your CBD credit card application is rejected, you can reach out to the bank and enquire about the reasons for the rejection. Once you are aware of the reasons, you can take steps to improve your chances of being approved in the future. 

In most cases, the lender will provide you with specific reasons for rejection such as low credit score, high debt-to-income ratio, or more. This way, you can better understand your financial situation and find out the credit card that you may be eligible for in the future as well as the specific requirements to be met for approval. The card issuer may suggest alternative credit cards suiting your position as well.

Frequently Asked Questions (FAQs)