{"id":375,"date":"2020-05-28T20:53:34","date_gmt":"2020-05-28T16:53:34","guid":{"rendered":"https:\/\/moneymall.ae\/credit-blog\/?p=375"},"modified":"2020-06-18T18:43:38","modified_gmt":"2020-06-18T14:43:38","slug":"manage-credit-card-debt-during-covid-19","status":"publish","type":"post","link":"https:\/\/moneymall.ae\/credit-blog\/manage-credit-card-debt-during-covid-19\/","title":{"rendered":"10 Tips to Manage Your Credit Card Debt During COVID-19 Pandemic."},"content":{"rendered":"<p>As the world is dealing with the coronavirus pandemic and our health and welfare are at top priorities, we have to be concerned about how Covid-19 is affecting your credit score and overall financial situation.<\/p>\n<p>Plan now to ensure you are in the best financial place you can possibly be, we encourage you to be proactive in monitoring your credit card debt to stay on top of your personal finances.<\/p>\n<p>A credit card is an essential tool, one that should be handled with extreme caution. You must know how to utilize your Credit during the COVID-19 outbreak to make the most out of your credit card and not get into trouble.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_79 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a233718cf3bb\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a233718cf3bb\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/moneymall.ae\/credit-blog\/manage-credit-card-debt-during-covid-19\/#These_are_the_10_tips_to_manage_your_credit_cards_for_good\" >These are the 10 tips to manage your credit cards for good.<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/moneymall.ae\/credit-blog\/manage-credit-card-debt-during-covid-19\/#Find_out_about_the_relief_measures_your_banks_are_offering\" >Find out about the relief measures your banks are offering!\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/moneymall.ae\/credit-blog\/manage-credit-card-debt-during-covid-19\/#Make_a_budget_and_plan_ahead\" >Make a budget and plan ahead:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/moneymall.ae\/credit-blog\/manage-credit-card-debt-during-covid-19\/#Do_not_increase_your_credit_line_limit\" >Do not increase your credit line limit:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/moneymall.ae\/credit-blog\/manage-credit-card-debt-during-covid-19\/#Do_not_withdraw_cash_from_Credit_Card\" >Do not withdraw cash from Credit Card:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/moneymall.ae\/credit-blog\/manage-credit-card-debt-during-covid-19\/#Check_for_0_EMI_options\" >Check for 0% EMI options:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/moneymall.ae\/credit-blog\/manage-credit-card-debt-during-covid-19\/#Transfer_your_balance_to_another_bank\" >Transfer your balance to another bank\u00a0:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/moneymall.ae\/credit-blog\/manage-credit-card-debt-during-covid-19\/#Check_your_credit_score_regularly\" >Check your credit score regularly:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/moneymall.ae\/credit-blog\/manage-credit-card-debt-during-covid-19\/#Contact_your_Bank_or_Card_providers\" >Contact your Bank or Card providers:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/moneymall.ae\/credit-blog\/manage-credit-card-debt-during-covid-19\/#Use_mobile_banking_app\" >Use mobile banking app:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/moneymall.ae\/credit-blog\/manage-credit-card-debt-during-covid-19\/#Utilize_Contactless_credit_Card_payments\" >Utilize Contactless credit Card payments:<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n\n<p style=\"text-align: center;\"><em><strong>Read More:-\u00a0<a href=\"https:\/\/moneymall.ae\/credit-blog\/20-myths-about-credit-scores-in-uae\/\">20 Myths About Credit Scores in UAE, Busted.<\/a><\/strong><\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"These_are_the_10_tips_to_manage_your_credit_cards_for_good\"><\/span><strong>These are the 10 tips to manage your credit cards for good.<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Find_out_about_the_relief_measures_your_banks_are_offering\"><\/span><strong>Find out about the relief measures your banks are offering!\u00a0<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Many banks across the UAE have offered several relief measures for customers during the lockdown. They have offered payment holiday periods, Discounted fees, and interest-free payments offers. Make sure you avail of these offers. <strong>MoneyMall<\/strong> has listed <strong><a href=\"https:\/\/moneymall.ae\/credit-blog\/loan-deferment-credit-card-payment-covid-19\/\">major relief measures offered by UAE Banks here :<\/a><\/strong><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Make_a_budget_and_plan_ahead\"><\/span><strong>Make a budget and plan ahead:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Start by setting a budget for yourself and stick to it. Chalk out a plan that contains your income, your regular expenses, and monthly payments that you have. Make sure you pursue the most efficient path for yourself.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Do_not_increase_your_credit_line_limit\"><\/span><strong>Do not increase your credit line limit:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Increasing your credit limit on existing cards or getting a new line of credit during the lockdown will make you susceptible to falling into a mountain of debt. Make sure you reduce your expenses, not increase them<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Do_not_withdraw_cash_from_Credit_Card\"><\/span><strong>Do not withdraw cash from Credit Card<\/strong>:<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>It is possible that you are facing cash crunch, But Credit Card Cash withdrawal have to be the last option, It has very high-interest rates &amp; fees.<\/p>\n<p style=\"text-align: center;\"><em><strong>Read More:-\u00a0<a href=\"https:\/\/moneymall.ae\/credit-blog\/manage-credit-card-debt-during-covid-19\/\">10 Tips to Manage Your Credit Card Debt During COVID-19 Pandemic.<\/a><\/strong><\/em><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Check_for_0_EMI_options\"><\/span><strong>Check for 0% EMI options:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>buy Essentials from a Merchant who offers 0% EMI offer on your card, plan your budget and shopping according to match minimum transection amount requirement, Call your bank and covert the Transection in 0% Easy Payment Plans.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Transfer_your_balance_to_another_bank\"><\/span><strong>Transfer your balance to another bank<\/strong>\u00a0:<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Many banks in UAE are offering various benefits like 0% of Balance Transfer for new customer, if you have an outstanding and paying high monthly interest on an existing credit card then apply for a new credit card and have the outstanding balance converted to 0% or low-interest rates Installments. Checkout <a href=\"https:\/\/moneymall.ae\/best-credit-card-uae\/\"><strong>Best Credit Card in UAE<\/strong> <\/a>on <a href=\"https:\/\/moneymall.ae\"><strong>MoneyMall<\/strong><\/a>.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Check_your_credit_score_regularly\"><\/span><strong>Check your credit score regularly<\/strong>:<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Especially now, making sure your credit score and reports are accurate is critical. This way, you can be top of your credit and avail the Finance facilities when it&#8217;s needed most.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Contact_your_Bank_or_Card_providers\"><\/span><strong>Contact your Bank or Card providers<\/strong>:<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>If you don&#8217;t think you can pay your credit card dues on time or you got stuck in a financial crisis, reach out to your bank or providers to see if they offer flexible payment options during this time.<\/p>\n<p style=\"text-align: center;\"><em><strong>Read More:-\u00a0\u00a0<a href=\"https:\/\/moneymall.ae\/credit-blog\/cash-back-credit-card-vs-rewards-cards\/\">Cashback Credit Card vs Rewards Cards : Which One Triumph?<\/a><\/strong><\/em><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Use_mobile_banking_app\"><\/span><strong>Use mobile banking app:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Now is the best time to familiarize yourself with your credit card or bank\u2019s mobile app. Bank and Card issuers are making sure more and more people use mobile banking. Make yourself useful to it. So, that social distancing is ensured.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Utilize_Contactless_credit_Card_payments\"><\/span><strong>Utilize Contactless credit Card payments<\/strong>:<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>As we know COVID-19 spreads through touch, it\u2019s the right time you start making contact less payment only. Check for the wifi icon on your credit card, if you don\u2019t have Contact less card, call your bank and have a replacement.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As the world is dealing with the coronavirus pandemic and our health and welfare are at top priorities, we have [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":377,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[2],"tags":[51,52,50,53,42,49],"class_list":["post-375","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-credit-cards","tag-best-credit-card-in-uae","tag-credit-card-covid-19","tag-credit-card-in-dubai","tag-credit-card-pandemic","tag-credit-card-payment","tag-manage-credit-card"],"_links":{"self":[{"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/posts\/375","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/comments?post=375"}],"version-history":[{"count":5,"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/posts\/375\/revisions"}],"predecessor-version":[{"id":384,"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/posts\/375\/revisions\/384"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/media\/377"}],"wp:attachment":[{"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/media?parent=375"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/categories?post=375"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/moneymall.ae\/credit-blog\/wp-json\/wp\/v2\/tags?post=375"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}