American Express Credit Card Statement - Know How to get American Express Credit Card Statement Online & Offline in UAE. Check how to read and understand the credit card statement & read FAQs.
First Abu Dhabi or FAB Bank is named among the top financial organizations in the United Arab Emirates. It was primarily formed as a merger between the National Bank of Abu Dhabi(NBAD) and First Gulf Bank (FGB). The bank offers financial products, services, and solutions with its Investment Banking, Corporate Banking, as well as Personal Banking franchises.
FAB credit card cash withdrawal is a golden feature offered by FAB bank to its customers. With this service, you can use the FAB credit card to withdraw cash up to a fixed withdrawal limit assigned to you. It is a highly useful facility. Let's learn more about it in detail!
If you want to know how much you can safely withdraw using your FAB credit card, then you'll have to check the FAB credit card cash withdrawal limit. This limit is assigned to you by your card company by taking into account various factors like your age, type of card, type of account, annual salary, credit score, and so on. Also, this limit is flexible and can be increased or decreased based on certain conditions.
FAB credit card cash withdrawal charges, are the charges that are associated with credit card cash advance transactions. These include the cash advance fee FAB and the interest fee or finance charges. You have to pay a small portion of your total withdrawal amount to the FAB bank. The cash advance fee for FAB credit cards is 3.15% or AED 150 ( whichever is higher). Moreover, the interest rate for cash withdrawal transactions using FAB credit cards is 3.50%. Note that these charges can be different for different credit cards and customers. So, make sure to confirm with your FAB bank representative.
Everything comes with advantages and disadvantages in equal amounts, and the FAB credit card cash withdrawal facility is no exception. No doubt it is a very helpful feature during times of cash crunch, it can be quite expensive when used irresponsibly. Let's see some other pros and cons of the FAB credit card cash withdrawal procedure!
Following are the main advantages of the FAB credit card cash withdrawal procedure:
Following are some of the main disadvantages of using the FAB credit card cash withdrawal feature:
FAB credit card cash withdrawal process is simple and works just like a normal ATM withdrawal process. All you need to do is follow the simple steps mentioned below:
That's all about the FAB credit card cash withdrawal feature. To use this option responsibly, without impacting your credit score, always pay your outstanding amount at the earliest and keep this option as a last resort to arrange cash in an emergency.