Dubai an arena of busy fighters who are running from one corporation to other. Money is the matter of every second task in the UAE. Nobody keeps all the cash in pockets or lockers behind the wardrobe. The idea of hiding money is obsolete. Credit cards are the new money for everyone. In order to know about the best credit card in Dubai you first should have proper insights of a credit card and how does it work. Whether you’re buying a pizza or a round-trip to Italy, credit card is the only blessing that which can help you achieve your shopping goals. If you pay the money you used your credit card for in a defined period of time, you will only be paying the exact amount you made a purchase for but in case if you didn’t pay in the grace period of 25-35 days, you’ll pay an interest of a certain amount along with what you borrowed by the bank.

You should always consider this question of whether you’ll be able to pay interests in your debts while deciding which credit card you should opt for. You can get a credit card with rewards if you pay back whatever amount you’ve spent in the grace time. Extra points, cash or airline miles can be rewarded on every time you use these cards. A drawback of using reward cards can be an extremely high interest rate which brings us to a conclusion to always carry credit cards with low interest rate.

Your credit card is issued by the bank therefore it is the responsibility of the bank to choose your interest rate, fees and rewards so you better go for a bank that issues the card of your liking. Card is possessed on a network like MasterCard or Visa that gives you random perks like travel accident insurance without really affecting the card since it is not as important as the bank itself.

Credit card companies obtain their money in three different ways;

• Interchange fees that can be termed as the fees charged to the store each time you make use of your credit card.

• When there is a delay and you are unable to pay your debt completely, you will spend some extra amount in the form of interest payments.

• Annual fees or late payments are the ordinary times when credit card companies get some capital.

Balance is calculated on average daily basis by the card companies. Suppose you spent $100 and you didn’t pay them off in a grace period of 30 days but on day 15 you paid off the entire balance and at the end of the day you’ll be charged interest on $50.

At Mawarid you will get a variety of significant rewards on purchases and they can be as grand as points, commodities and even air travel. Besides the diverse offers, you can also earn 1-5% on your purchases. Our end to end secure credit cards makes it easier for you to void losses from any type of frauds. The major benefit of using our credit card is that you no more need to worry on checking your account balance prior to any purchase because we make it easier for you to buy and then with a spacious grace time, submit it to us.