Credit card services are completely popular among all kinds of customers and everywhere in the world. But the most established and strong economic background of Dubai banks make a distinction when we compare the credit card services by these institutions in the UAE. There is a number of benefits and perks are available on different kinds of plastic cards like a titanium credit card available in the market.
Understanding Trends on Premium banking:
Both private as well as public sector banks are involved in this business and generating high revenue for their companies. Cards vary in their functions according to their category. This is simple to understand like a travel card would be beneficial for travel grants and offers. One can get some discount on flight tickets and also can get some air miles to point to compensate for their travel expenses.
On the other hand, a cinema card would be beneficial for movie tickets. As we all know that the number of movie buffs is increasing day by day due to advancement in technology and also because of the digital aspects of this era. Now let's discuss each feature of credit card one by one. So here we will discuss some of the special types of cards according to their perks and benefits. Well, we will discuss first the overall features and graphs of different credit cards in a one-liner and then try to find out the categories of the card. Following are the special features that almost all kinds of cards have common their structure and functioning.
A credit card is the best alternative to cash
First of all, I will narrate a story here form past. One of my friends was living in America for study purpose and it was about 90’s era and there was no concept of digital banking at all in Pakistan. After every semester his father had to send some money to cover his daily expenditure and for study charges. The transaction process was quite hectic and time taking. Also, there was a complete risk every time they sent money to him due to security lapse in banking systems.
Payment Cards in Banking
Even a simple transaction took many days to be completed in a secure way and people have to meet physically with bank staff to get follow-ups. But then the internet came and smartphone banking has changed everything. Cash carry concept shifted towards payment card and many other fast-tracking services.
Credit Relief For Trading
And with the most innovative options, a today credit card is a better alternative to cash for all your daily routine stuff. The paradigm has turned or we can say that shifted at an angle of 180 that it removes the worry of carrying various currency denominations to pay at the trade counters. It is quite easy and a fast-tracking option to use a credit card rather than waiting for completion of cash transactions in a slow and unsecured way.
As an alternative, credit card helps a cardholder to travel anywhere in the world without a need to carry an amount of cash in his/her pocket. It also reduces the possible risk of money and gives its user a compensation if you are using a cash back credit card UAE.
Chris - Always love to share news for Startups and Learning, Writer & Blogger by Profession for AI, IOT, Digital Transformation topics, and Entrepreneur by nature aggressive ideas sharing for personal loan without salary transfer Following tech related news and updates and sharing with people.