Hi,
I'm going to have to open a bank account, and would like to get a credit card along with it, since my US bank charges ridiculous fees for overseas transactions.
That said, I'm curious about the credit card thing here in the UAE. Is identity theft an issue? I am constantly assured about how easy it is to get a large loan here (up to 22 times my salary??)...how secure is the banking? Would it be easy for someone else posing as me to take a loan in my name?
That being said, do people abuse credit here? I suppose I'm talking about expats simply because they can leave. I remember in college, foreign students would take out credit cards, max them out, and then leave the country--and there's nothing the company can do about it. Does that happen here?
All right, enough questions. I'm off to pick a bank.