FAB Cashback Credit Card

Get FAB-ulous Cashback of 1000 AED Welcome Offer + No Annual fee with Your 10K Spend on FAB Cards - Offer Valid til 30th April 2024

FAB Cashback Credit Card
FAB Cashback Credit Card
1000 AED Welcome Offer

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  • No annual fee
  • Exciting vouchers up to AED 2,000

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As a leading financial institution in the UAE, the First Abu Dhabi Bank (FAB) has built a strong reputation for delivering a diverse range of high-quality financial products. Among its robust offerings, ranging from bank accounts and mortgages to prepaid cards, FAB's credit cards particularly stand out and have become the top pick for many UAE residents.

The FAB Cashback Credit Card is a prime example of the bank's dedication to providing rewarding and practical solutions for its customers. As the name indicates, this card offers an enticing opportunity to earn cashback on various expenditures such as supermarket shopping, school fees, and dining out - all without the imposition of a minimum spend threshold.

In this comprehensive article, we will dive into the specifics of the FAB Cashback Credit Card and have a detailed analysis of its features, benefits, comprehensive rewards structure, eligibility criteria, and more.

Features and Benefits of FAB Cashback Credit Card

The FAB cashback credit card comes with an impressive array of perks and advantages spanning three main areas – travel, lifestyle, and protection features. Let's unpack each category and delve into the specifics of these benefits.

Travel Benefits

  • Step into the Luxurious World of Airport Lounges - The FAB Cashback Credit Card offers its holders complimentary, unlimited access to over ten select airport lounges across the UAE, KSA, Jordan, Kuwait, and Egypt, which ensures comfort and luxury even during transit.
  • Get More for Your Money with Hotel Cashback - In partnership with Booking.com, the FAB Cashback Credit Card offers up to 10% cashback on hotel reservations. With a selection from millions of properties spread across more than 200 countries and territories, finding the perfect stay becomes even more rewarding.
  • Enjoy Exclusive Discounts at IHG Hotels & Resorts - FAB Cashback Credit Cardholders can avail of a 15% discount on room rates at IHG Hotels & Resorts across Europe, the Maldives, India, the Middle East, and Africa when payments are made using their Mastercard.
  • Seamless Transits with Careem - Enjoy a 20% discount on three Careem rides every month by applying the promo code "MASTERCARD" during booking.
  • Drive in Style with Avis - Get up to 20% off on your next car rental with Avis. Note that the deal comes with a complimentary upgrade, which can be availed when reserving your vehicle using your eligible Mastercard at MastercardMEA (avisworld.com).

Lifestyle Benefits

  • Savour the Magic of Cinema at a Discount - Enjoy two movie tickets per month for just AED 15 on weekdays and AED 20 on weekends at Reel Cinemas, Cine Royal, and Oscar Cinemas. You can also avail of weekday tickets at VOX Cinemas for just AED 20 and up to a 20% discount on food and drinks. This benefit becomes available with a monthly spend of AED 3,000.
  • Savings with Talabat: Food and Grocery Delivery - Get up to 20% off on two grocery or food orders per month through the Talabat app when you pay with your Mastercard (use the promo code "MASTERCARD" at checkout).
  • Unlock Priceless Special Offers - Explore an array of Priceless Specials with exciting offers on dining, fitness, beauty, hotels, and attractions - all available when you use your FAB Cashback Credit Card.

Protection Benefits

  • Find Security with Credit Shield - In case any unforeseen circumstances prevent you from meeting your credit card payments, the Credit Shield feature can step in to cover your outstanding balance.
  • Stay Protected with Wallet Shield - The Wallet Shield feature provides cover against fraudulent transactions on lost or stolen credit cards. It also covers stolen cash and stolen identification documents or keys. To apply for the same, simply send an SMS with the text "WS" to 2121.

Cashback Back & Free Airport Lounge Access - Policybazaar uae

Cashback Offers on FAB Cashback Credit Card

The FAB Cashback Credit Card is more than just a tool for your financial transactions; it's also a gateway to valuable cashback offers on your daily expenditures. Let's dive into these exciting rewards and how they can add value to your spending habits.

Optimise Everyday Spending with Rewarding Cashbacks

Maximise Cashback on Daily Expenditures

  1. With the FAB Cashback Credit Card, every purchase can become an opportunity to save. You can earn a substantial 5% cashback on supermarket spending (including online), and a significant 3% cashback on school fees and dining expenses, all without any minimum spend. Your cashback will be calculated monthly and credited to your account by the statement date upon request.

A Breakdown of Cashback by Spend Type

The FAB Cashback Credit Card offers different cashback rates depending on your spending type. Here's a breakdown - 

  1. Supermarket Spending (Including Online): Every AED 1 spent at supermarkets, including online purchases, earns you 12.5 FAB Rewards. This translates to a cashback rate of 5%.
  2. School Fees: Paying school fees with your card can bring you a reward of 7.5 FAB Rewards for every AED 1 spent, equal to a 3% cashback.
  3. Dining: Dine out and earn 7.5 FAB Rewards for every AED 1 spent, which is equivalent to a 3% cashback.
  4. All Other Spending: For all other spending categories, earn 0.3 FAB Rewards for every AED 1 spent at a cashback rate of 0.15%.

Cashback for Non-AED Spending

Even when you're transacting in other currencies, the FAB Cashback Credit Card ensures that you're still reaping the rewards. You can receive a 1% cashback on all non-AED spending, which allows you to enjoy savings even on your international purchases.

How to Redeem the Cashback Earned on FAB Cashback Credit Card?

Claiming your hard-earned cashback rewards on your FAB Cashback Credit Card is a straightforward and hassle-free process. To initiate this, you simply need to get in touch with the FAB call centre.

You can reach out to them by calling 600 52 5500. Once connected, place a request to redeem the accumulated cashback on your credit card. Be sure to have your card details and identification ready for verification purposes to ensure a seamless process. The representative will guide you through the necessary steps, providing detailed instructions and assistance where required.

By following this simple process, you can effortlessly convert the reward points that you've earned through your everyday spending back into financial assets, amplifying your savings and enhancing the value you receive from your FAB Cashback Credit Card.

Latest Offers on FAB Credit Card

Eligibility Criteria for FAB Cashback Credit Card

Before considering an application for the FAB Cashback Credit Card, it's important to understand the necessary eligibility criteria set by First Abu Dhabi Bank (FAB). Ensuring that you meet these prerequisites is crucial to increasing the likelihood of your application's acceptance.

One of the primary eligibility requirements for the FAB Cashback Credit Card is income-based. Applicants must be earning a minimum monthly salary of AED 5,000. This requirement is an indicator of your financial ability to manage credit and fulfil payment obligations as they fall due.

With that said, it's important to note that fulfilling the income criterion is not the sole determinant of eligibility. FAB may consider other factors such as credit history, current financial obligations, employment stability, and more. Each of these elements forms a part of a comprehensive review process to evaluate an applicant's ability to manage a credit card effectively.

As always, the best practice before applying for this credit card in UAE is to ensure that you not only meet these requirements but also have a solid understanding of the card's features and benefits, fees and charges, rewards, and how to optimise its use.

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How to Apply for a FAB Cashback Credit Card?

Embarking on your journey towards obtaining a FAB Cashback Credit Card is a straightforward process, particularly when applying through the Policybazaar.ae platform. Designed to be both intuitive and user-friendly, this platform simplifies the application process and makes it both efficient and hassle-free.

To initiate your application, simply visit the official Policybazaar UAE website. Once there, navigate towards the credit cards section, where you will find a lead form to fill out. Make sure to provide accurate details as you fill in the form and then submit it.

Once done, you'll be directed to the credit card quotes page. Here, you will find a multitude of different credit cards, each with its own unique features and benefits. You can use the filter option to sort and select the FAB credit cards, specifically the FAB Cashback Credit Card.

In case you need assistance or guidance during the application process, you can always connect with Policybazaar.ae’s customer care team. The platform's financial experts can also provide valuable advice and walk you through the process.

Applying for a FAB Cashback Credit Card through the Policybazaar.ae has multiple advantages:

  1. Efficient Process: The platform is designed to simplify the application process and make it quick and efficient for users.
  2. Easy Comparison: With a variety of credit cards listed, you can easily compare the features and benefits of different cards.
  3. Expert Assistance: You can enjoy access to a team of financial experts to guide you through the application process.
  4. Secure Data Protection: The platform ensures that your personal details are securely protected.
  5. User-Friendly Interface: The platform of Policybazaar UAE is intuitive and easy to use, which makes the application process quite smooth.
  6. 24/7 Customer Support: If you encounter any issues or have any queries, the Policybazaar.ae customer care team is available round-the-clock to assist you.

Fees and Charges for FAB Cashback Credit Card

Operating a FAB Cashback Credit Card requires an in-depth understanding of the associated fees and charges. Given below is a breakdown of the financial obligations attached to the FAB Cashback Credit Card -

Fee/Charge Type Amount
Principal Annual Fee* AED 315
Supplementary Annual Fee Free
Interest on Retail Purchases* 3.85% per month
Interest on Cash Advance* 3.99% per month
Cash Advance Fee 3.15% of the amount of cash obtained (minimum AED 157.5 per transaction)
International Transaction Fee 2.49% of transaction value + scheme charges
Credit Shield Plus Fee 1.04% of the outstanding balance
Wallet Shield Fee 0.42% of the outstanding balance per month
Accident Insurance Fee 0.26% of the outstanding balance per month or AED 31.5, whichever is higher
Late Payment Fee AED 241.5 for any month when payment is late, not made, or is less than the minimum due
Over Limit Fee AED 288.75 for any month when the outstanding balance exceeds the assigned credit limit
Plan Deferment Charges AED 262.5
Cheque Returned Fee AED 210
Minimum Monthly Payment 5% of the outstanding or AED 100 (whichever is higher)
Payment Due Date from Statement Date 25 days
Statement Reprint Charges AED 26.25 per statement
Copies of Transaction Slips AED 26.25 per transaction slip
Outstation Cheque Processing Charge AED 52.5
Dispute Verification Charge AED 105
Issuance of Liability Letter AED 52.5

Please note that these charges include any applicable VAT and are rounded off to two decimal places.

*Starting from 1st June 2023, if the card account is past due, the interest rates on Retail Purchases and Cash Advance balance will increase by 0.65%. An account is deemed past due if the minimum payment is not received before the due date. Once the card account is no longer past due, interest charges will revert to the standard product interest rate at the next billing date.

Take a look at some frequently asked questions given below for more details regarding FAB Cashback Credit Cards.

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FAB Rewards Signature Credit Card FAB Rewards Platinum Credit Card
FAB Gold Credit Card FAB Standard Credit Card
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FAQs on FAB Cashback Card

Q1. What is the FAB Cashback Credit Card?

Ans: The FAB Cashback Credit Card is a product offered by the First Abu Dhabi Bank (FAB) which offers users the opportunity to earn cashback on everyday spending. These spend categories include supermarket purchases, school fees, dining, and more without any minimum spending criteria.

Q2. How do I apply for a FAB Cashback Credit Card?

Ans: You can easily apply for a FAB Cashback Credit Card through the Policybazaar.ae platform. Simply visit the official website, navigate to the credit cards section, and fill out and submit the lead form. From the quotes page, you can filter for the FAB credit cards and select the FAB Cashback Credit Card.

Q3. What benefits can I expect from the FAB Cashback Credit Card?

Ans: The FAB Cashback Credit Card offers an array of benefits such as including cashback rewards, travel, lifestyle, and protection benefits. These include exclusive discounts, airport lounge access, free movie tickets, cashback on hotel bookings, and many more.

Q4. How can I redeem my cashback rewards on the FAB Cashback Credit Card?

Ans: Redeeming your cashback rewards is as easy as calling the FAB call centre at 600 52 5500 and placing your request. The rewards will then be processed and credited to your account.

Q5. What is the principal annual fee for the FAB Cashback Credit Card?

Ans: The principal annual fee for the FAB Cashback Credit Card is AED 315.

Q6. How is interest calculated on retail purchases and cash advances with the FAB Cashback Credit Card?

Ans: The interest rate for retail purchases is 3.85% per month. For cash advances, it's 3.99% per month. Keep in mind that these rates may increase by 0.65% if the card account becomes past due.

Q7. Are there any fees for late payment or exceeding the credit limit?

Ans: Yes, there is a late payment fee of AED 241.5 if the payment is late, not made, or is less than the minimum amount due. The over-limit fee is AED 288.75 for any month when the outstanding balance exceeds the assigned credit limit.

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