Saving Thousands on University Expenses in the United Arab Emirates: A Guide
In the UAE, the rising cost of education has become a significant concern for many families. However, some financial institutions are stepping up to help lighten the financial burden with cashback rewards on school fees. Here's a breakdown of some of the most generous cashback deals available, along with their restrictions.
## Most Generous Cashback Deals
1. **Commercial Bank of Dubai Super Saver Credit Card**: This card offers up to 10% cashback on school fees, education, supermarket, and fuel payments, with a maximum of AED 600 per month. The cashback is capped at AED 8,200 in the first year and AED 7,200 in subsequent years.
2. **Ajman Bank ULTRACASH Mastercard**: Expatriates can earn 5% cashback on school fees, while UAE nationals may earn up to 10% cashback on selected categories. The maximum cashback on school fees is capped at AED 200 per statement cycle period.
3. **ADIB Cashback Credit Card**: This card offers 4% cashback on education costs, including school fees, but the monthly cashback is limited to AED 300.
## Comparing the Offers
| Card Name | Cashback Rate | Maximum Cashback | Restrictions | |-----------|---------------|------------------|--------------| | Commercial Bank of Dubai Super Saver | Up to 10% | AED 600/month | Capped at AED 8,200 in the first year and AED 7,200/year afterward | | Ajman Bank ULTRACASH Mastercard | Up to 10% (5% for expats) | AED 200/month for school fees | Selection of categories; capped at AED 200/statement cycle for school fees | | ADIB Cashback Credit Card | 4% | AED 300/month | Limited to AED 300/month |
While the Commercial Bank of Dubai Super Saver Credit Card offers the highest potential cashback amount, the Ajman Bank ULTRACASH Mastercard provides flexibility in choosing categories, although the cashback is capped lower for school fees. The ADIB Cashback Credit Card offers a straightforward 4% cashback but with a lower monthly limit.
It's essential to read the fine print to ensure that school fee payments align with a credit card's reward criteria. Additionally, interest charges can erase cashback benefits if the balance is not paid in full each month.
As families prepare for the new school year, understanding the cashback options available can help them make informed decisions and save on education costs.
- The rising cost of education in the UAE has sparked interest in personal-finance options, such as cashback rewards on school fees offered by financial institutions like the Commercial Bank of Dubai.
- For those seeking ways to balance their entertainment expenses with education savings, the Ajman Bank ULTRACASH Mastercard offers cashback on school fees, along with categories like music and entertainment.
- Individuals focused on education and self-development might appreciate the ADIB Cashback Credit Card, providing a simple 4% cashback on education costs including learning materials and online courses.
- The news of various cashback deals in finance has brought relief to many families, with businesses like commercial banks looking out for their customers' financial wellbeing.
- As the education-and-self-development sector continues to evolve, it's essential for families to stay updated on the latest financial offerings, like cashback deals on school fees, to ensure they make the most of their spending.