There is no fixed minimum salary requirement for a credit card with a AED 3500 limit. Credit card eligibility depends on several factors, including your credit score, income, and debt-to-income ratio.
Here's how it works:
- Credit Score: A higher credit score generally indicates a lower risk to lenders, making it easier to get approved for a credit card.
- Income: Lenders often consider your income to assess your ability to repay the credit card balance. While there's no specific minimum salary, a higher income can increase your chances of approval.
- Debt-to-Income Ratio: This ratio compares your monthly debt payments to your gross monthly income. A lower ratio generally indicates a better ability to manage debt, making you a more attractive borrower.
To determine the minimum salary required for a specific credit card, contact the issuing bank or financial institution. They can provide you with the eligibility criteria and specific requirements for their credit cards.
Remember: While a high salary can be beneficial, it's crucial to have a good credit history and manage your finances responsibly to qualify for a credit card.
