Credit Score Credit Cards Personal Loans Mortgages Contact the Credit Blog How to open a Bank Account Online in UAE Open a Bank Account Online Nowadays, Opening a bank account online is a wise choice, moreover its quick, easy and contactless banking with touchless interactions. It can take just few minutes and you don’t have to visit a bank branch for it. As leading UAE banks are pushing for digital and online only banking channels, in near future it may be your only option. The top online banks are Liv Emirates NBD & Neo by Masheq, they offer higher rates than typical bank branches, and they charge low or zero fees. Table of Contents Open a Bank Account Now What do you need for opening a bank account online? Here’s the documentation you’ll need to open a bank account online in UAE: Emirates ID Valid Passport Valid UAE Residence Visa What information do you need to provide while opening a bank account? Once you download the official app of your selected bank you have to fill-up the form, bank may ask you to provide below details Name. Mobile Number Emirates ID number Date of Birth Employment Details Address in UAE
Credit Score Credit Cards Personal Loan Mortgages Contact the Credit Blog Credit Card App Best Credit Card Apps in UAE Apply Now for A New Credit Card Apply online now for Credit Card in UAE, It will take less than a minute List of Best Credit Card Apps in UAE – Updated on 15-07-2020 2. Citi Mobile Credit Card App Quick account updates Review all your account activities and get to your favourite functions, faster. Manage cards easily Get instant access from the dashboard to activate your card, reset PIN and more. Timely reminders Stay informed of actions you need to take with our reminders. Citi Pay With Points Use your Points or Miles to offset your transactions instantly Citi World PrivilegesGet deals and discounts locally and in 95 other countries Citi PayAll Turn big payment into big rewards Better Credit for Everyone 27419 People got free service from MoneyMall Made with ♥ in UAE ‘MoneyMall’ is our registered tradename.All other product names, logos, brands or trademarks referred are the property of their respective owners. Information presented has been collated from banks and publicly available sources. Always double-check with providers before committing yourselves Get
What is a platinum card? Platinum card is one of the levels of the credit cards, Its one of the top level of premium credit card available in UAE, only coming second to Titanium, Diamond credit cards when these are available. Platinum cards are one of the premium credit cards and it comes with an extensive rewards program and higher limits. As premium cards, platinum credit cards are designed for a class of higher-income individuals, so they come with Low-interest rates, But high annual fees. This reflects the fact that such cardholders can afford to pay their balance in full every month and thus don’t usually pay interest. Is a High Annual Fee on the platinum card is worth it?It really depends on how you plan to use your card and your spending habits. If you know that you will be spending high amounts throughout the year, earning the maximum number of rewards points, making use of the premium services we mentioned above, and paying off your balance in full every month so you don’t pay interest, then it may be worth paying the huge annual fee to hold a platinum credit card. Check out the List of Best Credit Cards in
Liv personal loan is on testing phase, Recently Liv Bank just invited selected group of users to avail and test liv personal loan product After Successful testing Liv Personal Loan product will be offered to Existing Liv account holders meeting all the credit criteria such as Monthly Salary above 6,000 per month,
Emirates NBD opens E20 Digital Business Bank, Its UAE’s first mobile-only digital business bank for startups, entrepreneurs, SME’s and other businesses. E20 Digital Business Bank will enable start-ups, sole proprietors, freelancers, gig economy workers, other small and medium sized companies to open a Business bank account to carry out their day-to-day banking transaction easily through a mobile app as well as access a variety of services to help them in managing their business E20 is currently in Beta, and pre-registered users started receiving Invites to test the services on IOS devices.
At present, Your Credit Score has become very important in UAE, Banks decide your eligibility for loans, credit cards, and other products based on your credit score and report. Many unexpected businesses are looking to credit score and deciding what your creditworthiness is, large corporate employers are also started checking your credit history, as per recent news a Real estate companies also checking your credit score before giving an apartment on rent, There are hundreds and many factors that affect the credit score. Meanwhile, we take look at the top 5 factors that affect your credit score. 1. Payment History 2. Credit usage 3. Age of credit history 4. Types of credit 5. Recent credit inquiry /applications Payment History Payment history is the most important part of your credit score, Globally it decides the 35% to 40% of your credit score. If you had lent some money from a lender the first question you will hear is “When you will return it”? So the longtime on-time payment will be best for your credit scores. While missing a payment could hurt them. Serious repayment issues, like write-offs, collections, bankruptcy, repossession or foreclosure can devastate your credit score, which may also make