Comprehensive Review of Deem Credit Cards in the UAE: Features and Benefits
Deem credit cards, a relatively new entrant in the UAE credit card market, are quickly establishing themselves as a popular choice. Known for their rewarding cashback programs, travel benefits, and competitive fee structure, these cards cater to a variety of consumer needs. This review explores the various Deem credit card options available in the UAE, weighing their advantages and drawbacks to help you determine if they align with your financial requirements.
Types of Deem Credit Cards Available in the UAE
- Deem Platinum Cash Up Card: A no-annual-fee card offering 1% cashback on all purchases and travel perks like airport lounge access and valet parking discounts.
- Deem Titanium Cash Up Card: With an AED 200 annual fee (waived on spending over AED 12,000/year), this card offers up to 5% cashback on select spending categories, alongside enhanced travel benefits.
- Deem Visa Platinum Card: A premium travel card with an AED 1,000 annual fee, it offers comprehensive travel benefits and a miles program redeemable for flights and hotel stays.
Advantages and Disadvantages of Deem Credit Cards
Pros:
- Cashback Rewards: All Deem cards offer cashback, with the Titanium card providing up to 5% in specific categories and the Visa Platinum card earning miles for travel redemptions.
- Travel Benefits: Each card includes travel perks, with the Visa Platinum card offering extensive benefits for frequent travelers.
- Fee Structure: The Platinum card is free for life, and the Titanium card’s fee is waived upon meeting annual spending requirements. The Visa Platinum card’s fee is balanced by its travel rewards.
- Accessibility: Applying for Deem cards is convenient through online platforms and the Deem app.
Cons:
- Limited Options: Deem’s portfolio is limited to three credit cards, which may not cover all consumer preferences.
- Market Newcomer: As a new player in the market, Deem is still building its reputation compared to established credit card providers.
- Customer Service Experience: Some users have reported challenges in reaching Deem’s customer support.
Overall Assessment of Deem Credit Cards
Deem credit cards offer attractive options for those seeking cashback rewards and travel perks. The Platinum card suits those who prefer a fee-free card with basic travel benefits, the Titanium card benefits high spenders in specific categories, and the Visa Platinum card is ideal for frequent travelers. However, considering Deem’s limited range and growing market presence is important before making a decision.
Things to Consider Before Applying
- Your Credit Score: A good credit score is necessary for eligibility.
- Spending Habits: Assess if your spending aligns with the cashback categories on the Titanium card.
- Travel Needs: Frequent travelers might find the Visa Platinum card more beneficial.
This review aims to provide a thorough overview of Deem credit cards in the UAE, assisting in making an informed decision based on your personal financial needs and lifestyle.
