Islamic Credit Card

To choose a card to apply for, you might want to consider the purpose of the credit card that you are applying for, whether you're using it to help clear debt or for your weekly purchases. Cards come with different features that can be utilized for different purposes and also come with different benefits.

You cannot get joint credit cards in the same way as bank accounts, but you can add additional users to your own credit cards. However, you should remember that it’s still the primary cardholder’s responsibility to pay off the balance for both Primary and Supplementary Cards.

You could be rejected for a credit card if you have made too many applications, you already have too much debt or you have a bad credit history. Your application may also be rejected if the provider thinks you would not be able to make repayments.

No, your rate will be determined by your credit rating and the lender's own criteria. People with excellent credit ratings have a greater tendency to be offered a better rate. If you have a poor credit rating, you might struggle to even get a credit card at all.

Even if your credit score is not where you want or expect it to be, there are banks that offer credit cards which are specifically designed to boost the scores of people who have struggled with debt in the past, or people who do not have much credit history. You will be offered a low credit limit and a high rate, but if you make regular small purchases and pay the balance off in full every month, your credit score will begin to improve after a few months, allowing you to qualify for better credit cards or other borrowing products.

If you miss a repayment on your credit card balance, it would lead you to paying a penalty fee. In addition, if you have any type of promotional offer with your card, this may also be cancelled. A missed payment could harm and give a negative effect on your credit score.