Online Credit Card Application in the UAE

In the rapidly evolving landscape of financial services, online credit card applications have emerged as a convenient and efficient way for individuals in the UAE to secure credit facilities.

Gone are the days of waiting in long queues at banks and financial institutions to apply for a credit card! Embracing the digital era, the UAE's financial industry now offers a seamless experience through online credit card applications.

In this article, we will dive into the myriad advantages of opting for an online credit card application over the traditional in-person method. We will explore how the digital approach streamlines the application process, saving precious time and effort for applicants. We will also take a look at how online platforms provide access to a wide array of credit card options from various banks, enabling users to compare features and benefits effortlessly.

Let’s discover the unparalleled benefits of online credit card applications.

Perks of Online Credit Card Application in the UAE

Discussed below are the salient benefits of online credit card applications in the UAE -

• Convenience - The primary advantage of online applications is the unmatched convenience that they offer. There's no need to visit a physical bank and endure long queues — you can complete the process from the comfort of your personal computer with an internet connection and save time and travel costs.
• Access to a Wide Range of Credit Information - Online applications provide easy access to a diverse array of credit cards and related information. Instead of visiting multiple offices or calling different hotlines, a few clicks on the internet allow you to review credit cards from various issuers. Legitimate online directories offer detailed descriptions and even credit management tips for different credit cards.
• Shorter Turnaround Time - With computerised and automated processing, online applications are faster and more efficient than traditional offline ones. You will simply need to fill out the application form on your computer screen and submit it with a click. Typically, approval takes days instead of weeks, unless there are credit history issues or form errors.

Is it Better to Apply for a Credit Card Online in the UAE or at the Bank?

Let’s understand the differences that you will find when you apply for a credit card online in the UAE than in-person at the bank -

Feature	In-Person	Online
Ease of Application	No	Yes
Option to Compare Products	Not Available	Available
Objectivity	No	Yes
Option to Take Instant Decision	Possible	Possible

Steps for Online Credit Card Application in the UAE

Here are the steps to be followed to apply for credit cards online with instant approval in the UAE-

• Reviewing Your credit Score - Your credit score plays a crucial role in assessing your creditworthiness for a credit card. This score is calculated as per various factors related to your credit usage - 

1. Payment History
2. Borrowed Amount
3. Length of Credit History
4. New Credit and Credit Mix

It's important to maintain a good credit score before applying for a credit card. Understanding your credit score and regularly updating your credit report can help you shortlist the credit cards suitable for your situation.

For instance, if your credit score falls within the average to good range, it's best not to apply for a credit card that requires applicants to have excellent credit scores.

• Get Pre-Approved or Pre-Qualified - Several major credit card companies offer the option to check if you're pre-approved or pre-qualified for their cards before officially applying. This process involves a soft credit pull, which has no negative impact on your credit score. If you receive pre-approval, your chances of being approved for the card are very high.
• Select the Right Credit Card - For first-time applicants, it's advisable to consider free credit cards or those with low annual fees and interest rates. Additionally, you must determine the type of credit card that suits your needs, such as a reward-based card, air miles card, travel card, airport lounge credit, or any other option. After deciding on the type of card, choose the one that offers the highest overall value at the lowest rates and aligns with your requirements.
• Gather the Necessary Information - Before starting the application process, make sure that you have all the required information on hand. Typically, the application form will ask for basic details like your name, current and permanent address, contact information, and specific financial information like your income. Depending on your credit history, you might need to submit additional information or proof of certain details. All these details are used by the concerned credit card company to assess your profile and creditworthiness.
• Submit the Application - When you submit your application online, the credit card company will conduct a hard inquiry on your credit, which may slightly lower your credit score, especially if you're not approved. Please note that pre-approval results in a soft inquiry and does not impact your credit score. However, pre-approval does not guarantee approval for your chosen card either.
• Wait for a Response - Applicants with good to excellent credit scores may receive immediate approval after applying online. Other methods like mail, phone, or in-branch applications take longer to get a response.

If your application is not approved, wait for a few months before applying again to save your credit score from getting negatively affected. Frequent requests for credit can have adverse effects on your credit report.

If your application is declined and you believe that you were eligible or don’t understand the reason for rejection, you can always contact the credit card company to request reconsideration.

Be prepared to provide additional information to support your case within the valid application period to avoid reapplying online and triggering another hard inquiry on your credit, which can further bring down your credit score.

Policybazaar.ae - Your One-stop Destination for Online Credit Card Application in the UAE

Applying for a credit card online in the UAE is pretty easy on Policybazaar.ae. This online third-party aggregator hosts a diverse selection of the top credit cards from major banking and lending organisations in the UAE.

To get started, you can head to Policybazaar.ae's homepage and click on the 'Credit Card' tab. As an alternative, you can click on the "Banking Products" tab from the menu bar and choose the ‘credit card’ option.

This will take you to our credit card page where you can access the lead form. Fill it out accurately and click 'Proceed.'

Once you've submitted the form, you will be directed to our credit card quotes page, where you can explore various credit card options on display. After comparing the features, you can proceed to apply for a credit card online in the UAE.

By applying for a credit card online through Policybazaar.ae, you can enjoy numerous benefits such as the following -

• Option to compare an extensive selection of credit card choices provided by the leading banks and lending institutions in the UAE
• Access to your credit score range at no cost
• Exclusive offers and potential savings
• 24/7 customer support
• Option to promptly reach out to our team of financial experts for assistance in making the right choice

Policybazaar UAE – Helping you navigate the wilderness of the insurance world!