The Best No Annual Fee Credit Cards in the UAE

Credit card annual fees can play a major role in banking choices made by UAE residents. According to bayzat, although only 3% of credit card applicants look specifically for cards with no annual fees, around 40% of UAE residents with a monthly income below AED 12,000 end up applying for a free-for-life card. One reason for this is that many free-for-life credit cards actually provide competitive benefits and rewards, we take a look at some of our favorites:

 

Amal Standard Card from RAKBANK

Minimum Salary:

AED 5,000

Monthly Rate:

AED 100

Rewards:

Cashback

Other Features:

Dining Discounts, Credit Shield

What we like: You get 1% cashback on retail purchases in addition to dining discounts at numerous restaurants.

Watch out! You need to reach at least AED 1,000 a month in retail spend to be eligible for any cashback benefits.

 

ADCB Classic Card from Abu Dhabi Commercial Bank

Minimum Salary:

AED 5,000

Monthly Rate:

3.09%

Rewards:

Cashback & Rewards Points

Other Features:

Credit Shield

What we like: You can get 50% cashback on cinema tickets (up to AED 50 per month) at any theater. In addition, you can earn ADCB touchphoints, which can be redeemed for deals on shopping, travel and dining.   

Watch out! You need to spend at least AED 1,000 a month to be eligible for the cashback rewards.

 

Etisalat Classic Card from Abu Dhabi Islamic Bank

Minimum Salary:

AED 5,000

Monthly Rate:

2.83%

Rewards:

Reward Points

Other Features:

Cash Withdrawal

What we like: You can earn Etisalat Reward Points and redeem them for minutes of talk time. This ADIB card with no annual fee provides a pretty straightforward and practical rewards program that is easy to take advantage of.

 

FC Barcelona Platinum Card from United Arab Bank

Minimum Salary:

AED 10,000

Monthly Rate:

2.49%

Rewards:

Reward Points

Other Features:

Cash Withdrawal

What we like: This credit card from UAB is not only for football fans. You can earn rewards points that can be redeemed for flight, hotels and car rentals. In addition, you are eligible for discounts at VOX cinemas.

 

Smart Saver Titanium Card from Mashreq

Minimum Salary:

AED 5,000

Monthly Rate:

3.25%

Rewards:

Cashback

Other Features:

Dining Discounts, Credit Shield, Purchase Protection

What we like: You can save virtually every time you spend with this Mashreq bank credit card. The cashback rate of 1.25% on local purchases is competitive when compared to other UAE banks.

Watch out! The minimum monthly spending limit to be eligible for cashback is AED 2,500.

 

Platinum Select Credit Card from HSBC

Minimum Salary:

AED 7,500

Monthly Rate:

2.99%

Rewards:

Airmiles

Other Features:

Cash Withdrawal, Credit Shield, Purchase Protection

What we like: You get access to thousands of ‘buy 1 get 1 free’ discount from the Entertainer.

Watch out! You have to open a bank account with HSBC to be eligible for a credit card.

As a word of caution to readers, note that we are not labeling these offerings as the best credit cards in the UAE. Rather, if your priority is to get a card that is free for life, then these are great options, especially considering the fact that they come with no annual fee. 

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The Credit Card Rewards Game in the UAE