This guide will show you how to cancellation auto debit credit card payments. You'll be well-equipped to regain control over your credit card payments and take charge of your financial journey in UAE.
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.
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.
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.
Maximise Cashback on Daily Expenditures
The FAB Cashback Credit Card offers different cashback rates depending on your spending type. Here's a breakdown -
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.
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.
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.
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:
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 -
|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.
|All FAB Credit Cards to Apply|
|FAB Al-Futtaim World Elite Credit Card||FAB Islamic Gold Credit Card|
|FAB Al Futtaim Platinum Credit Card||FAB du Platinum Credit Card|
|FAB du Titanium Credit Card||FAB Etihad Guest Infinite Credit Card|
|FAB Etihad Guest Signature Credit Card||FAB Etihad Guest Platinum Credit Card|
|FAB Manchester City Infinite Credit Card||FAB Manchester City Titanium Credit Card|
|FAB Rewards Elite Infinite Credit Card||FAB Rewards Infinite Credit Card|
|FAB Rewards Signature Credit Card||FAB Rewards Platinum Credit Card|
|FAB Classic Credit Card||FAB Standard Credit Card|
|FAB Abu Dhabi Platinum Credit Card||FAB Abu Dhabi Titanium Credit Card|
|FAB World Elite Credit Card||FAB Gems Titanium Credit Card|
|FAB Gold 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.
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.
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.
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.
Ans: The principal annual fee for the FAB Cashback Credit Card is AED 315.
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.
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.