Unlike the European Union countries and most North American countries, Dubai does not really have a financial house that offers Credit Card For 4000 AED Salary range. This article will help you get the best of choice that will help you fix this issue.
Table of Contents
What currency is AED?
We will like to start by telling you more about the AED. Just like the dollar, euro, pounds are represented by their signs; $, €, £, the United Arab Emirates currency is called dirham. It is represented or abbreviated to AED. It is the official currency used in the UAE¹. AED came into full use in the year 1973. AED substituted older currencies like the Dubai Riyal and Qatar Riyal.
What is the Exchange Rate of the Dollar and Pound to The AED?
The dollar is acceptable in some areas in Dubai but not all. But you can exchange your dollar at the exchange market. The current rate of exchange is 3.67 Dirham for 1 dollar. Other currencies are Euro, it is 4.19 Dh and for Pound, it stands 4.69 Dirham.
Credit Card For 4000 AED Salary | Which Credit Card Are Best Below 4000 AED Salary In Dubai?
First, I will tell you not to get a credit card while you are below AED 5000 salary scale. It is better to use your Debit card. This will help you keep good spending habits. For now, you are permitted to move around with cash while in Dubai, unlike the United States. But it should be less cash. So I will tell you to go for a Debit card as long as it is from VISA or MasterCard.
Presently, you might not get a credit card house that will offer you a credit card with your AED 4000 salary. It is from AED 5000.
Not just having of AED 5000 salary, you will need to a saving of up to AED 3000 and a good credit score before you can apply for a credit card in Dubai. Most importantly, you will not clear the saving immediately after your credit card application. That is what most people do. They go ahead and clear out the entire savings after application for the credit card. No, it doesn’t work that way. You will need to wait for a few days before you can clear your savings.
Conclusion
Please ensure to read the do’s and don’ts of the credit card. Ensure you follow the rules to avoid having so much regret at the end of the day. This is mostly for those that are New to credit card use in Dubai.
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