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Application and exchange of Visa/MasterCard in UAE dirhams (AED)

Visa and Mastercard bank cards offer convenience and security in making transactions. However, when it comes to travelling, especially to such an exotic country as the United Arab Emirates, there are several issues related to the point and use of this payment solution. The article will consider the peculiarities of using Visa and Mastercard AED bank cards.

How to issue a card in UAE dirhams (AED)

The need for a UAE bank account and card often arises among business people because this country boasts almost the most reliable and stable banking system. At the same time, many banks are ready to open an account for non-residents.

Many banks in the UAE offer account opening and bank card issuance in dirhams. Here are a few steps you need to follow to get Visa/MasterCard AED:

  1. First of all, you need to choose a bank. Some of the top banks in the UAE are: Emirates NBD, Abu Dhabi Commercial Bank (ADCB), Dubai Islamic Bank (DIB), Mashreq Bank and First Abu Dhabi Bank (FAB).
  2. Next, you need to apply for opening an account and issuing a bank card. In most cases, this can be done online, for example, via the bank's mobile application. But to submit a package of documents, you will need to visit a branch. Among the documents that may be requested are a copy of your passport, residence visa (for non-residents), proof of address, and so on.
  3. The bank will review your application and approve it if everything is in order. It may take from 1 day to 2 weeks.
  4. After the application is approved, the bank will issue the card. You can open a virtual Visa/MasterCard AED if the institution provides this option.

The functionality may vary depending on the bank and the type of card. However, most cards allow you to make purchases in shops and online, withdraw cash from ATMs, transfer money to other accounts, etc. Some also offer various benefits, such as loyalty programmes and cashback.

Benefits of owning a Visa/MasterCard in UAE dirhams (AED)

There are many reasons why those wishing to open a foreign bank card choose the Emirates. Examples of the main advantages of this decision are:

  • High level of security, strictly regulated by the UAE Central Bank.
  • A wide range of international banking services, including cross-border money transfers, foreign exchange transactions and more. Ease of account management — almost all banks give access to online banking and related mobile apps.
  • Investment products and services that can help increase savings. Interest rates are pretty attractive.
  • The UAE does not tax income from bank accounts or investments, which can also be a significant advantage for some customers.

If you are interested in topping up Visa/MasterCard AED with another currency/cryptocurrency or, on the contrary, withdrawing from it, online exchangers are the best solution. Use BestChange to find the most favourable and safe ones.

Exchange Credit card to e-currencies

On our site you can see the current exchange rates of Visa/MasterCard AED to other electronic payment systems.

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© – , updated 08/26/2023
Reprints are allowed only with permission of BestChange

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