6 Best Credit Card for School Fees in UAE

6 Best Credit Card for School Fees in UAE

School fees can put a strain on any wallet. Thankfully, utilizing the right credit card can ease the financial burden and even offer valuable rewards. This guide explores the benefits of using credit cards for school fees in the UAE, unveils the top contenders, and empowers you with a step-by-step application process.

1. ADCB Touchpoint Infinite Credit Card

  • Benefits: Cardholders can take advantage of 0% interest on installment payments for school fees, making it easier to manage large educational expenses. Additional perks include complimentary airport lounge access and comprehensive travel insurance, adding value for frequent travelers.
  • Minimum Salary Requirement: AED 15,000 is needed to qualify for this card, positioning it as an option for mid to high-income earners.
  • Annual Fee: The card comes with an annual fee of AED 525, which is justified by the breadth of premium benefits it offers.

2. Emirates NBD Platinum Credit Card

  • Benefits: This card offers 0% interest on school fee installments, which helps spread out the cost of education over time without extra charges. It also rewards users with bonus miles on Emirates flights and points on travel and dining, ideal for those who travel frequently or dine out often.
  • Minimum Salary Requirement: Applicants need a minimum salary of AED 12,000 to be eligible.
  • Annual Fee: There is an annual fee of AED 499, which is competitive given the travel and dining rewards.

3. FAB GEMS Credit Card

  • Benefits: Specifically useful for parents with children in GEMS education schools, this card offers up to 4.25% discount on GEMS school fees. It also provides rewards on shopping and dining, along with travel insurance.
  • Minimum Salary Requirement: There is no minimum salary requirement, making it accessible to a wider range of incomes.
  • Annual Fee: The card has an annual fee of AED 499, a standard rate for cards offering similar rewards.

4. Emirates Islamic Cashback Plus Credit Card

  • Benefits: One of the most generous cards for educational payments, offering 10% cashback on school fee payments. It also offers rewards on everyday purchases, which can help accumulate significant savings over time.
  • Minimum Salary Requirement: The minimum salary is not publicly available, so potential applicants may need to consult directly with Emirates Islamic for eligibility details.
  • Annual Fee: At AED 199, it’s one of the more affordable options, especially considering the high cashback rate on school fees.

5. NBF Cash Plus Platinum Card

  • Benefits: This card allows cardholders to convert up to 70% of their credit limit into cash at 0% interest specifically for school fees, alongside rewards on shopping and dining.
  • Minimum Salary Requirement: A minimum salary of AED 10,000 is required.
  • Annual Fee: The annual fee is AED 199, making it an affordable option for those who need significant upfront cash for fees.

6. Standard Chartered CashBack Easy Credit Card

  • Benefits: Offers 0% interest on balance transfers for the first 3 months, allowing cardholders to manage existing debt. Additionally, it provides cashback on all local and international spending, which includes school fee payments.
  • Minimum Salary Requirement: With a minimum salary requirement of AED 5,000, this card is accessible to a broader audience.
  • Annual Fee: The annual fee is also AED 199, appealing to budget-conscious consumers looking for versatile cashback options.
UAE Credit Cards for School Fees
UAE Credit Cards for School Fees
  • Convenience: Pay fees in a single transaction, simplifying budgeting and cash flow management.
  • Rewards & Cashback: Earn points or cashback on your school fee payments, translating to valuable benefits like travel miles or statement credits.
  • Installment Plans: Convert hefty fees into manageable monthly installments, offering some breathing room. (Note: Interest charges may apply, so choose this option wisely.)
  • Security: Credit cards offer added protection against fraudulent transactions compared to debit cards.
Benefits of Using Credit Cards for School Fees
Benefits of Using Credit Cards for School Fees

Detailed Comparison Credit Cards UAE

FeatureADCB Touchpoint InfiniteEmirates NBD Platinum Credit CardFAB GEMS Credit CardEmirates Islamic Cashback Plus Credit CardNBF Cash Plus Platinum CardStandard Chartered CashBack Easy Credit Card
Benefits0% interest on installments, airport lounge access, travel insurance0% interest on installments, travel and dining rewards, Emirates flight bonus milesUp to 4.25% discount on GEMS fees, shopping and dining rewards, travel insurance10% cashback on school fees, everyday purchase rewards70% credit limit as cash at 0% interest for fees, shopping and dining rewards0% interest on balance transfers for 3 months, cashback on spending
Minimum SalaryAED 15,000AED 12,000No minimumNot publicly availableAED 10,000AED 5,000
Annual FeeAED 525AED 499AED 499AED 199AED 199AED 199
Detailed Comparison Credit Cards UAE

Emirates NBD Platinum Cardholder – Sarah Al Maktoum: “I find the installment plan incredibly helpful for managing big school fee payments without any interest. It’s a game-changer for my family’s finances.”

FAB GEMS Credit Card User – Omar Khaled: “The discounts on GEMS school fees have significantly lowered our annual educational expenses, and the rewards on other purchases are a great bonus.”

Applying for a Credit Card in the UAE:

  1. Check Eligibility: Ensure you meet the income requirements and other criteria for your chosen credit card.
  2. Gather Documents: Prepare necessary documents such as Emirates ID, passport copy, salary certificate, and bank statements.
  3. Submit Application:
    • Online: Visit the bank’s website, navigate to the credit card section, and complete the application form.
    • In-Person: Visit a bank branch to apply directly with assistance from bank staff.
    • Via Phone: Some banks allow applications over the phone.
Step-by-Step Guide for Application
Step-by-Step Guide for Application

Frequently Asked Questions (FAQs)

Q: Can I pay school fees monthly with these credit cards without interest? A: Yes, many of these cards offer 0% interest installment plans that allow you to pay monthly without extra charges.

Q: What is the benefit of using a credit card over direct bank transfers for school fees? A: Credit cards often provide rewards, cashback, and the ability to pay over time, unlike direct bank transfers.

Q: Are there any additional fees I should be aware of when using a credit card for school fee payments? A: While installment plans are typically interest-free, some cards might have a processing fee for certain transactions. Always check the terms and conditions.

Is there a spending limit for school fee payments using a credit card? Spending limits vary by card, so check with your chosen bank.

Are there any fees associated with using a credit card for school fees? Some schools might charge processing fees for credit card payments. It’s best to check with the school directly.

What if I miss a credit card payment? Missing payments can incur late fees and interest charges. Ensure you can comfortably manage the monthly installments before opting for this method.

The Final Verdict A Smart Choice for Savvy Spenders
The Final Verdict A Smart Choice for Savvy Spenders

Using a credit card strategically for school fees can be a smart financial move. By considering the benefits, comparing card options, and following the application process, you can streamline the process, earn valuable rewards, and ease the financial burden of education costs. Remember, responsible credit card use is key. Pay your bills on time and avoid exceeding your credit limit to maximize the benefits and maintain a healthy financial standing.

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