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The credit card issued by banks is one of the alternatives to dealing with cash, and it means setting a specific financial limit, for this card without debiting from the customer’s bank accounts, but through credit money from the issuing bank, and the payment period for that indebtedness of the card ranges between 55 and 57 days, which is the grace period After that, interest is charged on the amount owed, ranging between 2 and 2.5%, on average, in operating banks.

Many citizens seek to obtain a credit card from banks, with the state’s tendency to reduce cash circulation and pay government dues electronically, in addition to the ease of dealing and paying through credit or direct debit cards, in addition to the possibility of carrying out various purchases and paying these operations in installments. specific time periods.

credit cards

Get the financial freedom you deserve. MasterCard credit cards provide unparalleled benefits, rewards and services, in addition to high purchasing power that will help you achieve your financial and personal goals.

Direct debit cards

Enjoy the ultimate in ease and financial control by combining the global acceptance and benefits of premium MasterCard cards with direct debiting of payments from your checking account.

Prepaid cards

Use your Mastercard prepaid cards wherever Mastercard debit cards are accepted. All you have to do is top up your prepaid card and use it for all your needs – shopping, paying bills, and making everyday purchases.

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Documents required to issue a credit card:

Banks specify some of the basic documents that must be available in order to issue a credit card, and these documents are represented in the following papers:

ordered vocabulary.
Attached receipt to the same address of the card, not more than 3 months old.
A copy of the valid national ID card.

Conditions for issuing credit cards:

Banks specify two basic conditions for issuing credit cards, and these conditions are as follows:

Nationality or residence for foreigners.

Minimum age of 21 years for original cards, 18 years for supplementary cards.
Credit card guarantees.

The credit card can be obtained with a personal or in-kind guarantee, such as linking a certificate or a deposit, as follows:

With the guarantee of a savings vessel such as (savings accounts – certificates – deposits), the customer can obtain a credit card with the guarantee of an amount of money that he deposits in the bank.

With a personal guarantee: with the guarantee of the customer’s salary items, and the credit limit is determined based on the credit department’s decision.

Obstacles that cause not obtaining a credit card

The customer must be under 21 years old for the original cards, and 18 years old for the supplementary cards.

Failure to complete the required data and documents.

The debt burden rate is more than the allowable amount of the client’s net income.

That the customer be included in the negative lists of the Central Bank or have any credit impediments that prevent him from obtaining credit cards.

Any reasons due to the decision of the Credit Cards Evaluation Department.

ordered vocabulary.

Attached receipt to the same address of the card, not more than 3 months old.
A copy of the valid national ID card.

Steps, conditions and fees for the customer to obtain a credit card from banks operating in the local market:

The concept of a “cashless society”, i.e. the dealing of community members with plastic cards issued by banks, is one of the concepts of great interest at the present time, as “cash” dealings carries great risks represented in the risks of carrying cash and exposing it to loss or theft, in addition to studies that confirm that Paper money transmits diseases.

Get A Credit Card Instantly

Get A Credit Card Instantly

Procedures for issuing a credit card:

  • Visit the nearest branch of the bank.
  • The customer writes his personal data and fills out an application for issuing a credit card. The card is guaranteed by the salary – the credit limit ranges between 3 and 5 times the net monthly salary – or by the guarantee of deposits or savings certificates.
  • Attach a copy of the national ID card and a receipt for utilities – water, electricity or telephone – and the items of the monthly salary from the employer.

Credit Card Advantages:

  • Freedom to use the card for purchases of goods and services and cash withdrawals all over the world.
  • A monthly debit rate of 1.75% for the included cards and 2.1% for the non-included cards on purchases and cash withdrawals.
  • Access to distinctive and exclusive promotional programs.
    The minimum monthly payment is 5% of the credit card balance.
    Possibility of issuing additional cards.
  • 24 hours a day to inquire about all services related to the card through a voice service.
  • Online shopping through the secure code service.
    Obtaining points through a program for using the card in purchases, and exchanging them for purchase vouchers that can be used with a group of contracting merchants.
  • Installment of purchases and cash withdrawals for periods up to 36 months at a special debit interest rate through the installment service over the phone.
  • Installment purchases for a period of up to 12 months without interest within a large group of contracting merchants.
  • The citizen visits the nearest branch of the bank wishing to obtain a credit card through it.
  • The citizen goes to the customer service officer and asks him to obtain a credit card.
  • In the event that the citizen is a customer of the bank, the credit card is issued with the guarantee of savings vessels with the bank, such as deposits, certificates, or savings accounts, in the case of a credit card, or linking it to the customer’s account in the case of a direct debit card.
  • In the event that the citizen is not a customer of the bank, the credit card is issued with a monthly income guarantee in the case of a credit card, or a savings or current account is opened, and the card is linked to the customer’s account in the case of issuing a direct debit card.
  • The bank determines the value of the maximum credit card to be used in purchases according to the type of card and the total monthly income of the customer, or the size of his deposits in the bank.
  • The bank’s customer service employee asks the customer, if he submits an application to issue a credit card with salary guarantee, a copy approved by the employer with the monthly income, a copy of a valid national number, and a recent utilities receipt not more than 3 months old such as (electricity, water, or others

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