UAE Credit Card Payoff Calculator

Most UAE credit cards charge 2.83% per month, which works out to 39.78% per year. A few premium cards charge less (around 2% per month = 24% per year), and some promotional periods drop below 1.5% per month temporarily.

At 2.83% monthly on AED 25,000, paying just the minimum (5% of balance, falling as you pay) takes well over 15 years to clear and costs more than AED 20,000 in interest. Use this calculator's 'fixed payment' mode to see how much an extra AED 500/month saves.

UAE banks charge interest on the average daily balance of the billing cycle. If you pay the full statement amount by the due date, no interest applies. If you carry any balance forward, interest applies from the transaction date, not the statement date.

Yes, but cash advances are the most expensive way to use a credit card. Banks charge a cash advance fee (typically AED 99 or 3% of the amount) plus interest from day one with no grace period. Avoid unless absolutely necessary.

Yes. Many UAE banks offer balance-transfer credit cards with 0%–3% introductory rates for 6–12 months. You pay a one-time transfer fee (typically 2% – 5% of the transferred amount). Use this calculator to work out whether the fee is worth the lower rate over the transfer period.

No. Under UAE Central Bank rules, the bank must give you at least 60 days' written notice before changing the interest rate, fee or billing method on your credit-card agreement.