UAE banks put a new system for credit cards

rawda samy - | Arab News

Banks begin to amend the terms and conditions of credit cards in the UAE, as UAE banks announced that they are setting up a new system for credit cards, starting from August 2023

As a result of the United Arab Emirates (UAE) banks' announcement that they would begin implementing a new system for credit cards beginning in August 2023, credit card terms and conditions are undergoing revisions in the UAE.

Amending the terms and conditions of credit cards in UAE banks

According to the draft of the new terms and conditions, a copy of which was published in the newspapers, some banks operating in the country announced the modification of the terms and conditions for credit cards during the month of August 2023. These banks added several items, including the collection of a fee for late payment of the monthly payment of the credit card, amounting to 236 .

Immediately disclaiming responsibility from the banks and not bearing the loss of the customer

According to the new draft, the banks indicated certain instances in which they disclaimed responsibility. This includes the lack of responsibility for any loss or damage incurred or incurred by the customer due to the refusal of the bank or any merchant or any other financial institution, or any automated teller machine or other party, to allow any card transaction. Other examples include refusing to accept the card or PIN, refusing to provide or provide cash withdrawals within the limits of the card, or refusing to provide or provide cash withdrawals within the limits of the Any issues or disagreements that are brought to the attention of the bank more than a month after the applicable statement of account was issued.

Cases of the client being liable for losses resulting from the use of credit cards

The banks pointed out a situation in which the customer is solely responsible for any and all unauthorized transactions, using a lost or stolen credit card that takes place before the bank is informed of the lost or stolen card information, and the customer will be solely responsible for settling the said transactions with the bank. Additionally, the customer alone bears responsibility for any and all unauthorized card transactions, resulting from the sharing of sensitive information with third parties. In any way, whether such loss or damage is due to or arising from any interruption of work, malfunction or defect in any automated teller machine, machine, communication system, facilities, data processing system or transmission link, or any industrial defect, dispute or cause another, whether it is beyond the control of the bank or otherwise. In any way, whether such loss or damage is due to or arising from any interruption of work, malfunction or defect in any automated teller machine, machine, communication system, facilities, data processing system or transmission link.

About Author

rawda samy
rawda samy
1312 Total posts


Read Also

Arab News
The Spanish Ambassador opens new visa centers in Kuwait

The Spanish Ambassador to Kuwait and Bahrain, Miguel Moro Aguilar, announced the opening of a number of new visa centers at his country's embassy in Kuwait, coinciding with the travel and tourism season.

Arab News
Visit Qatar participates in the Arabian Travel Market 2024

Visit Qatar announced its readiness to participate in the 31st edition of the Arabian Travel Market, which is held annually in Dubai, United Arab Emirates.

Arab News
Date of launching the unified visa for the Arab Gulf countries

The UAE clarifies the date for launching the unified visa for Arab Gulf countries.

Arab News
UAE-Oman Railway: Entering Implementation Phase for Hafeet Rail Project

The highly anticipated railway project linking the UAE and Oman has taken significant strides forward, as revealed by a top official on Tuesday. The ambitious endeavor, now dubbed Hafeet Rail, has progressed into the implementation phase, marking a...

Arab News
The Kuwaiti government stops issuing work permits to Egyptians

Informed sources at the Ministry of Interior and the Public Authority for Manpower revealed that a decision was issued to stop issuing work permits to Egyptian workers, while setting new controls for granting them

Arab News
Sahl application that contributes to establishing companies

The Ministry of Commerce and Industry has launched 6 new electronic services related to applications for establishing companies through the “Sahl Business” application for business owners, in order to improve the business environment and simplify...

Arab News
Sultanate Oman announces holiday in 5 regions, enforces remote work due to rain

Oman has taken precautionary measures in response to challenging weather conditions by announcing the suspension of work in certain regions.

Arab News
Oman: Nine dead, rescue operations continue amidst flash floods

At least nine people tragically lost their lives in Oman due to severe flooding, as floodwaters swept away their vehicles on Sunday.

Arab News
Qatar launches daily Doha to Jakarta flights

Passengers now have the opportunity to access daily flights from Qatar to Jakarta following an announcement from Hamad International Airport regarding a new route offered by Garuda Indonesia.

Arab News
Kuwait announces an official holiday this week due to the Majles Al Ummah elections

The government of the State of Kuwait announced an official holiday in all sectors this week on the occasion of the National Assembly elections "Kuwait National Assembly" in the State of Kuwait.

Arab News
Canada: police warn of Facebook Marketplace fraud in Ottawa

The Ottawa Police Service has highlighted a concerning trend regarding an uptick in scams occurring on Facebook Marketplace.

Arab News
Urgent.. Kuwaiti Education cancels online classes starting March 31

The Kuwaiti Ministry of Education announced the start of in-person classes in all schools during the period from next Sunday, March 31, until Monday, April 8.

Arab News
The Sultan of Oman makes important amendments to the Code of Criminal Procedure

Today, sources revealed three royal decrees issued by His Majesty Sultan Haitham bin Tariq the Great, may God protect and preserve him.

Arab News
Kuwaiti government introduces a 3-month expat visa amnesty

Kuwait has recently announced a three-month amnesty program aimed at individuals who have violated residency laws within the country.

Arab News
Oman announces Ramadan bus schedule connecting UAE and RAK

The Ramadan timetable for Ras Al Khaimah's transport authority (Rakta) has been released, which includes updated times for interstate buses as well as routes to Oman.

Arab News
Bahrain provides a service for issuing a replacement for a lost passport

The Nationality, Passports and Residence Affairs coordinated with the Information and e-Government Authority within the framework of expanding the scope of digital transformation initiatives, in order to provide the service of issuing a replacement...

Arab News
The Saudi Royal Court announces the start date of the holy month of Ramadan 1445 AH

The Saudi Royal Court and the committee for investigating the crescent of the holy month of Ramadan in the Kingdom of Saudi Arabia announced, a short while ago, that the sighting of the crescent of the holy month of Ramadan has been confirmed, so...

Arab News
Urgent: The result of sighting the Ramadan crescent in the United Arab Emirates

The Emirates News Agency and the Committee for Inquiry into the Holy Month of Ramadan in the United Arab Emirates announced, a short while ago, the confirmation of the sighting of the crescent of the Holy Month, so that tomorrow, Monday, March 11,...

Arab News
Kuwaiti Education announces its need for expatriate human resources in 2025

The Ministry of Education announced its need for non-Kuwaiti educational cadres for the next academic year 2024/2025 in 15 specializations for teachers, and 6 for female teachers with “university qualifications” to work in general education...

Arab News
Urgent.. Oman suspends studies in some governorates due to heavy rains

The Sultanate of Oman issued a decision to suspend studies for tomorrow, Tuesday, the 5th of this month, in all schools, whether foreign or government, and to continue studies on Wednesday, in order to ensure the safety of its children

Activate Your FAB Credit Card in UAE.. A Step-by-Step Guide