FAB, or First Abu Dhabi Bank, is one of the largest banks in the United Arab Emirates, as well as a member of the world’s safest and largest financial institution. It provides consumers with a wide range of unique solutions, as well as products and services, in order to give a personalized, enhanced customer experience. Their credit cards are one of these items.
The FAB Cashback Credit Card is one of the several credit card options offered by FAB, and it rewards the customer with a variety of benefits each time the card is swiped. It has it all, from high reward percentages to a variety of travel, lifestyle, and protection perks.
Minimum Salary – AED 5000
Annual Fee – AED 315
| Spending type | Cashback % | Posted in the form of equivalent FAB Rewards |
|---|---|---|
| Supermarket spending (including online) | 5% | 12.5 FAB Rewards/ AED 1 spending |
| Utility payments | 5% | 12.5 FAB Rewards/ AED 1 spending |
| Fuel | 5% | 12.5 FAB Rewards/ AED 1 spending |
| All other retail spending including online shopping | 1% | 2.5 FAB Rewards/ AED 1 spending |
The cashback rate will vary for non-AED spending:
| Spending type | Cashback % | Posted in the form of equivalent FAB Rewards |
|---|---|---|
| All non-AED spending | 2% | 5 FAB Rewards/ AED 1 spending |
Capping on cashback:
| Spending Type | Cashback |
|---|---|
| Supermarket Shopping | AED 500 |
| Fuel | AED 250 |
| Utility Spending | AED 250 |
| Non-AED Spending | No capping |
| Other Retail Spending | No capping |
You can redeem this cashback by calling FAB at 600 52 5500.
What’s more! You receive up to a 20% discount on drinks and food. However, to receive these benefits, you will need to spend AED 3000 in a calendar month.
Below detailed are the rewards and offers provided to the holders of a Cashback Credit Card:
Cardholders are offered with the best rate for cashback on their spends on this FAB Credit Card. They are eligible to earn a 5% cashback on utility bills, supermarket spends (even online transactions), and at petrol stations. The cashback for the members is calculated on a monthly basis and is rewarded by the date of the statement on request.
The following is the cashback percentage earned on different spending categories:
| Spending Category | Cashback Earned |
|---|---|
| Supermarket Spends – Both Online and Offline | 5% |
| Utility Bill Payments | 5% |
| Fuel Spends | 5% |
| All Other Retail Spends, even Online Shopping | 1% |
The cashback can be simply redeemed by calling the FAB call center on the number 600 52 5500 and placing a request.
If the cardholder can successfully make one retail spend in the first 30 days from the card issue date, he or she is eligible to receive a bonus cashback worth AED 300.
Holders of the FAB Cashback Credit Card can enjoy two movie tickets every month priced at AED 15 per ticket during the weekdays and at AED 20 per ticket on the weekend at the following cinemas:
Additionally, they can also enjoy discounts of up to 20% on food and beverages.
This offer is subject to a minimum spend of AED 3,000 in a calendar month.
When using the FAB Cash back Credit Card, the cardmember can enjoy a cashback of up to 10% all year round on the spending made at the leading global online stores. In order to avail this offer and save on every online purchase made at their favorite brands, cardholders need to visit the official website of Shop Smart and register themselves.
When booking a ride with Careem, the cardmember can avail a discount of 20%. The car type can be chosen by the holder for immediate pickup or for scheduling a pickup for later.
By downloading the Mastercard Buy 1 Get 1 Mobile App, the cardholder can browse and enjoy the best of deals and offers with over 900 offers across more than 90 destinations and more than 600 merchants.
With Mastercard, cardmembers can enjoy many more exclusive offers on their FAB Cashback Credit Card.
When the cardmember is traveling for extended periods, they can feel at home by enjoying discounts of up to 15% off on their stay at the luxury serviced apartments.
The following table details the fee and charges on the FAB Cashback Credit Card:
| Fee and Charges | Amount |
|---|---|
| Annual Membership Fee | AED 315 |
| Supplementary Annual Membership Fee | Nil |
| Retail Purchase Interest Charges | Up to 3.50% monthly |
| Cash Advance Interest Charges | 3.50% monthly |
| Fee for Cash Advance | 3.15% of the total amount of cash obtained (a minimum fee of AED 105 for every transaction) |
| International Transaction Charges | 2.05 % of the transaction amount and scheme charges |
| Fee for Credit Shield Plus | 1.04% of the total outstanding balance |
| Fee for Wallet Shield | Monthly charges of 0.42% of the total outstanding balance |
| Fee for Accident Insurance | Monthly charges of 0.26% of the total outstanding balance or AED 31.5 – the higher amount |
| Late Payment Charges | AED 241.50 any month when payment is delayed, the payment is not made, or the payment is less than the amount that is minimum due |
| Over Limit Charges | AED 288.27 any month when the balance due is exceeding the credit limit assigned |
| Plan Deferment Fee | AED 262.50 |
| Returned Cheque Fee | AED 210 |
| Monthly Minimum Payment | Maximum of 5% of the outstanding amount or AED 100 |
| Payment Due Date | 25 days from the statement date |
| Reprint of Statement Charges | AED 26.25 for every statement |
| Transaction Slips’ Copies | AED 26.25 for every transaction slip |
| Processing Charges for Outstation Cheque | AED 52.50 |
| Dispute Verification Fee | AED 105 |
| Issuance of Liability Letter | AED 52.50 |
If you wish to purchase a FAB Cashback credit card:
*Please note that the list of eligibility and documents is not final. The bank may demand more or additional documents to approve your FAB Cashback credit card.
Interested to apply for a FAB Cashback Credit card? kindly fill up the below form and one of our credit card specialist will contact you soon!
