Things to be mindful of while using your Emirates NBD credit card
Are you a credit card user? Or are you thinking of getting a credit card? If you are a credit card user or want to get one, here are a few things you might want to be mindful about: 1. Budgeting your expenditure Overspending on a whim often happens especially when there’s no set budget in play. Advertisements drive you as a customer to use your credit card and spend more. Often, many of the purchases you make are items that you don’t really need. What’s the solution? Create a budget and stick with it. Budgeting really helps your keep a control on unnecessary expenditure. 2. Credit score Having a good credit score helps especially when applying for a loan (Add link) or even a credit card. Why does a good credit score matter? A credit score basically measures your ability to repay the credit you have borrowed. No bank or financial institution will lend you money or offer you a credit card if you don’t have a good credit score. Read this article from Emirates NBD to see how you can improve your credit score. 3. Financial literacy A recent survey performed in 2021 found that 55% of people ranging between 18-29 years old had at least one credit card. With the number of borrowing options these days, it’s very crucial to brush up on financial literacy. 4. Dues and payments Never missing your credit card payments is a virtue. Missing a payment results in penalties, late fees and has a negative impact on your credit score. Which is the very reason why keeping a budget to track your expenses always helps. 5. Rewards and cashback points Using your credit card for its benefits is the best way to make the most out of it. In return for your purchases, you earn rewards and points. Check out the benefits on Emirates NBD credit cards, they’re one of the best choices you can make. 6. Protect your card Card fraud and thefts are on the rise. As a customer, you should never disclose any of your banking information to anyone. Do not share your card number, PIN, or any such confidential information. Remember, no bank will ever ask you for these details, so anyone asking for them over an email or call, is trying to fraud you. Here’s some useful information from Emirates NBD on security and how to protect yourself from credit card scams. Be safe, pay your bills on time and make the most of your credit card.