When we first started this site, banks were oblivious to the pain parents went through and had no offers for parents at this time of year. Five years later, it's a different story.
While we do not recommend the use of credit cards, or loans to pay for school fees, we know life is not always an ideal. With that in mind WhichSchoolAdvisor.com hunted down what we believe are the best back to school credit card deals available now designed to reduce this year's school fee burden...
(If you can, try to pay back the credit card bill immediately. That way you can benefit from the school fee reduction, without the credit card debt.)
Please always, always read the fine print for repayment terms and always ensure that you have enough money to pay back any loan on the scheduled terms.
Standard Chartered Titanium Credit Card
The Deal: 10% school fee cashback and a 0% fee installment plan
The Details: "Receive up to 10% Cashback on your school fee payments when you use your Standard Chartered credit card.
If the school does not accept credit card payments, just give us a call and we'll offer you a School Fee Monthly Instalment Plan* with 0% interest for 6 to 12 months (processing fees apply). We simply provide you with a cheque addressed to the school for the amount requested, and you can pay the total back in 6 or 12 equal monthly instalments. You will also receive up to 10% Cashback on the instalment amount, however, the instalment amount will not count for the minimum overall expenditure for the month.
Additionally, if you make a school fee payment using your Standard Chartered credit card, you can convert the payment into a School Fee Monthly Instalment Plan with 0% interest for 6 to 12 months (processing fees apply). Please note, if you convert your school payment into a School Fee Monthly Instalment Plan, the Cashback earned on the initial school fee payment transaction will be reversed and you will earn up to 10% Cashback on each instalment amount for each month the plan is taken for, however, the instalment amount will not count for the minimum overall expenditure for the month."
For more information, and to *read the fine print visit Standard Chartered back to school credit card offer here
NBF Credit Card
The Deal: Cash-on-Call facility and Easy Payment Plans
The Details: "Spread out school fee payments with an NBF Credit Card
You don’t have to spend your hard-earned savings in one lump sum on your child’s annual tuition fees. Depending on what form of payment your school accepts, NBF offers a Cash-on-Call facility and Easy Payment Plans for credit cardholders that can help ease the financial burden of school fees.
If your school doesn’t allow you to pay fees with a credit card, NBF credit cardholders can opt for an NBF Cash on Call facility which lets you request up to 70% of your credit limit as cash or a draft made out to the school at 0% interest rate* repayable over 12 months.
You can convert fee payments into one of NBF’s Easy Payment Plans , available on your NBF credit card, starting at 0% interest* for up to 12 months, allowing you to take advantage of any school discounts for annual fees paid up front.
If your child’s school accepts credit cards as a mode of payment, you can simply swipe your NBF card at the school’s Point of Sale terminal for any education-related costs from tuition fees to excursions and fundraising drives. You can choose to convert the transaction at a 0% interest* rate for up to 12 months.
Whether you’re paying for school fees, tablets, PCs or text books, you will earn up to 3% cashback* on your free-for-life NBF credit card, while enjoying rewards like free airport lounge access, 60% cashback on VOX cinema tickets and loads of Visa lifestyle discounts."
Offer Valid: 31 December 2017
For more information, and to *read the fine print, visit NBF credit card details here.
NBAD/GEMS Titanium Credit Card
The Deal: Get up to 7% off GEMS school tuition fees
The Details: "By using your NBAD GEMS credit card to pay for your GEMS school tuition fees, you will receive up to 7% discount (reducing balance on advance payment of tuition fees)."
Offer Valid: Offer continuous for GEMS school parents
For more information and to read the fine print go to NBAD/GEMS Titanium card details
The Deal: Pay tuition fees with a Mashreq card and receive a free smart device
The Details: "Pay school or university fees using a Mashreq Credit or Debit Card and earn a free smart device. The more you pay with your Mashreq Card, the bigger the reward..."
Offer Valid: 10 August to 15 September 2017
For more information and to read the fine print here for Mashreq Bank credit card details
Emirates NBD Credit Card
The Deal: 10% cashback and 0% fee instalment plans
The Details: "This back-to-school season, use your Emirates NBD Credit or Debit Card to pay your child’s school fees and avail either of the convenient options:
Enjoy 10% Cash Back on school & university fee payments above AED 2500.
Convert your school fee payments to 0% Installment Plan of 3, 6 or 12 months with a one-time nominal processing fee on your Emirates NBD Credit Card. To convert, call 800 ENBD (3623)."
Offer valid: 20 July to 30 September 2017.
For more information and to understand the fine print contact Emirates NBD promotions on the number listed above.