UAE's #1 financial comparison website's exclusive tool will allow UAE residents to make the most of their credit card's air miles rewards
15 December 2015, Dubai
Souqalmal.com has launched its Air Miles Calculator, the first of its kind in the UAE, which will help UAE residents better utilize the air miles reward program associated with their credit card.
The unique calculator converts average credit card spend into miles, and further translates that into the number of flights that a cardholder can potentially get in one year.
Ambareen Musa, CEO and founder of Souqalmal.com, said:
"Eliminating guesswork, the air miles calculator which is based on actual spend-to-miles conversion and cost of flights in miles will help UAE residents make a more informed decision when it comes to choosing a credit card for themselves."
Air miles are one of the most popular types of loyalty rewards offered by credit card providers all around the world. The UAE card market is no different, with various banks and providers marketing one or more mile-linked cards. Most providers offer either miles up-front or an option to convert loyalty rewards into miles with a number of partner airlines.
With over 80 percent of UAE's population made up of expats, air miles are a particularly sought-after credit card reward among residents who regularly travel back home or for work.
Do you know your average monthly card spend? That's all you need in order to find out the number of round-trip flights you could get to some of the most popular international destinations amongst UAE residents - London, Mumbai, Beirut, New York and Sydney.
A useful tool for both potential credit card applicants as well as existing cardholders, the Air Miles Calculator will help users do more than just simplify the credit card spend-to-flights conversion. It will also level the playing field and make it easier than ever for UAE residents to compare various mile-linked credit cards all in one place.
Ms. Musa adds:
"The introduction of the air miles calculator is in line with Souqalmal.com's objective to educate UAE residents about a range of topics that affect their personal finances. The calculator aims to bring a higher level of transparency in the credit card domain, providing users with an unbiased platform for comparing various credit cards and their air miles rewards."
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About Souqalmal.com:
Souqalmal.com is the #1 financial comparison site in UAE allowing users to compare retail banking products like credit cards, loans, accounts and insurance, as well as telecom and education products.
For Media and PR queries:
Josiane Assaad, Head of Content
josiane@souqalmal.com
© Press Release 2015
