There are few shops in Abu Dhabi and Dubai where one can swipe the credit card and get cash in hand by paying a certain percentage usually 2.5%-4% as a fee. These shops provide cash in hand immediately after swiping the credit card on their credit card machine. The users can then convert their purchase into an EMI if the credit card has such a feature. This can come handy when someone is in immediate need of cash, but only have credit limit on their cards.
Cash from Credit Card in Dubai
In Dubai, several jewellery shops in Satwa / Bur Dubai area provide card from cash facility, but the percentage charged is quite high – 3.5% to 4.5%. You can try and negotiate with the shop keeper to get the percentage to a more reasonable 2.5% to 3%.
Javeri Jewellery in Bur Dubai
Address: Shop #3, Al Fardan Building Meena Bazar – Al Hisn St – Bur DubaiAl Fahidi – Dubai
Cash from Credit Card in Abu Dhabi
Galaxy Stars Stationery
Al Fadel Building, Behind – 155 Hamdan Bin Mohammed St – Abu Dhabi – United Arab Emirates
Disclaimer: Above addresses and information is based on personal experience of UAE residents and not from the website editors.
Disclaimer: Taking cash from credit card may be an easy way to access money, but it is strongly not advisable as credit cards might lead to financial disaster if not used with care and if not repaid fully. Do keep in mind that the credit card issuing banks will charge minimum 3.5% interest per month which will account to 42% only in interest annually.