What are Credit Cards?
A credit card is issued by a company, usually a bank, to a consumer enabling the cardholder to pay for goods and services under an agreement between the consumer and the card-issuing company that the amount, plus other agreed charges, will be paid later within the due date. Banks or other credit card issuing companies enter into an agreement with goods and services providing companies to accept their credit cards. Cardholders are required to pay that amount within the due date; else they will be charged with interest at a much higher rate. Credit Cards offer an easy way to track expenses, which is necessary for both personal expenditures and work-related expenditures for taxation and reimbursement purposes. Credit cards are available with a variety of credit limits, repayment arrangements in almost all the countries e.g. UAE.
Types of Credit Cards Issues:
Business Credit Cards: Specialized credit cards issued in the name of registered business and can only be used for business purposes.
Secured Credit Cards: A type of credit card secured by a deposit account owned by the cardholder.
Prepaid Cards: It is not a true credit card as no money is offered by the credit issuer. Cardholder spends money which has been priorly deposited by the cardholder.
Digital Cards: A digital virtual representation of any kind of identification card or payment card.
Paper Money vs Credit Cards:
In this era of digital evolution, credit cards have facilitated transactions to a great extent. Carrying paper money is difficult and risky. Credit cards have now taken the place of paper money and made transactions so much easier. Additionally, they are robust, hence, does not take much space, and there is no risk of losing money. Especially, in the UAE, credit cards are of great benefit as it allows people to make online transactions such as online flight booking, billing, shopping, etc. Also, it greatly increases your banking status to get loans from banks easily. Emirates Loans is perhaps the easiest way of getting credit cards in UAE from all the banks and financial institutes.
Who are Emirate Loans?
Emirates Loan is a company operating in the UAE striving to provide the best financial services and products. Emirates Loan bridges the gap between UAE/expert nationals and the banking professionals and bringing them on a platform to choose from the best deals offered by UAE banks. Their team consists of well qualified, professional bankers equipped with significant experience to aid all the individuals seeking to meet their financial needs. Apart from credit card Loan service, Emirate Loans also provide services for a different type of loans such as personal loan, car loan, business loan, mortgage loan.
Pros of using Emirate Loans:
Hundreds of consumers have registered with Emirate Loans because of the number of benefits they provide to them:
- Easy Process
- Quick Response
- Fast Decision
- No Charges
- Fastest Processing
- Easy Documentation
- Lowest Interest Rates
- Flexible Repayment Plans
- No Salary Transfer Mandatory
To avail of all these benefits, all you need to do is to go to their website and apply for a credit card simply by filling a form provided. After you have submitted your request, it will be evaluated and sent to relevant professionals. Within a matter of minutes, you will be contacted by the appropriate banking professionals to move with the procedure.