Dubai: Need Cash Fast? How a Credit Card Can Help When Funds Are Low
In a recent article, a Dubai resident shared their experience of using a credit card to navigate a sudden cash crunch.
Faced with an unexpected payment, they found traditional borrowing options cumbersome and unappealing.
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Remembering an email about the “Cash on Credit” facility offered by their credit card provider, they reached out to customer service. The process was surprisingly straightforward.
After a brief verification, they secured a cash loan amounting to 90% of their available credit limit, taking advantage of a promotional offer that included zero interest for six months and only a small processing fee.
The “Cash on Credit” option allows cardholders to borrow against their credit limit, often with lower interest rates than standard purchases, and without the need for extensive paperwork or credit evaluations.
The resident received the funds within two days, demonstrating how credit cards can provide quick financial relief in emergencies.
Experts recommend this option for those needing short-term cash quickly, especially when promotional offers are available. However, they caution that timely repayment is crucial to avoid high interest charges.
Used wisely, this feature can transform a credit card from a potential burden into a helpful financial tool.
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