Credit Card Offers
Features some cards offer
Discounts or rewards at selected merchants, depending on the card
Access to short-term credit, subject to the issuing bank's terms
Payment in other currencies, subject to the bank's foreign-currency fees
Paying by card instead of carrying cash
Types of Credit Cards
Types of credit cards are divided into several types, and each type is characterized by the nature of its own use, and the most important of these types are:
Credit Card re-payment by 100%
Also known as the discount card, you can pay the used amount from the limit of the credit card in a certain period of time without paying interest on the amount otherwise when you delay in repayment that will cause you interest on the amount and delaying fees so the payment will increase according to the interest and fees.
Billing cycles vary by card and issuing bank; your issuing bank will confirm your specific billing cycle. If the full balance is not paid by the due date, the bank charges interest and may charge fees, as set out in its terms.
A credit card with a revolving limit
This type of card allows repeated access to funds, up to an approved credit limit. When you use a portion of your revolving credit line, you reduce the amount of your available credit, and typically increase the minimum payment required.
So long as you have an outstanding balance, you continue to make payments as required that can vary in size based on the amount you owe plus interest charges. Furthermore, you have the option to pay off the card sooner by paying more than the minimum amount, or to pay off the loan entirely at any time.
Card types, names, tiers and features vary by issuing bank and are determined solely by that bank.
Important information. BestRateUAE is a digital marketplace, not a bank, lender or financial adviser. Offers, rates, fees, terms and every eligibility and approval decision come from the participating bank or finance company. Information on this page is general and varies by bank.