Credit card aren’t just safe and convenient for online shopping worldwide. They also help you earn rewards
Credit cards have proved their worth over the past year as more people in the UAE have begun purchasing goods and services over the internet. This shift in consumer behaviour has led to a corresponding upsurge in digital payments as fewer people head to stores for groceries, medicines, and other necessities. Credit cards are among the easiest and convenient ways of making payments now in the UAE.
But aside from their practicality, for residents of the UAE credit cards come with a host of other benefits when used for online purchases. In many cases, paying with a credit card may even work to your advantage as compared to debit cards. Let’s take a look at some of these benefits, and how you can make the most of them with a few astute financial management strategies.
Earn rewards every time you spend
The best credit cards in the UAE today offer account holders the opportunity to earn points per dollar spend online and offline(in stores). Some cards will also rack up bonus points on categories such as groceries or food and beverage. These points are designed to work like cash, so you can redeem them for gifts, air tickets, restaurant vouchers – or even return a percentage of your spending in the form of cashback. When using cash or paying with a debit card you often don’t get any type of rewards, so keep that in mind if you want to collect points towards a goal.
Credit cards come with deals for account holders
Banks in the UAE often provide additional benefits for credit card holders. Buy-one-get-one-free movie tickets when booking in advance are common, and some banks even offer credit card holders deals on restaurant takeaway and delivery. These offers usually apply in addition to any rewards attached to card spending. For those with a large family, these deals can result in considerable savings.
Credit cards are safe and convenient
Credit cards have become the default payment method for online shopping, not just because they are so easy to use, but also because they are among the safest financial instruments around. Since the card is not directly linked to your current or savings bank account, scammers who manage to obtain your card details, the money in your bank account won’t be touched. Nevertheless, it is important to remain alert to how and where your credit card details are shared to prevent misuse.