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.
Recognised as one of the world's largest financial institutions, First Abu Dhabi Bank (FAB) has earned its global reputation through an emphasis on providing tailor-made financial solutions that enhance customers’ experience. The bank's array of credit card offerings stands as a testament to this commitment.
Among these, the FAB Rewards Platinum Credit Card is a notable product, helping cardholders garner rewarding experiences across various spheres of spending. The card also brings to your wallet the chance to earn rewards on your spending and gaming activities, an opportunity to bag cash prizes, and a doorway to an array of benefits and discounts spanning travel and lifestyle categories.
In this article, we will cover all the specifics of the FAB Rewards Platinum Credit Card and help you understand how this card could be an impeccable addition to your financial arsenal.
The FAB Rewards Platinum Credit Card is not just a financial tool; it is a gateway to a realm of remarkable benefits spanning the domains of travel, lifestyle, and more.
Here, we will expand upon the key advantages that you can expect upon availing of this card -
The FAB Rewards Platinum Credit Card has become a standout choice among UAE residents, thanks to its exciting cash offers and enticing reward program. In this section, we will shed light on the key features of these rewards and offers.
The FAB Rewards Platinum Credit Card enables cardholders to accumulate FAB Rewards. These rewards are essentially loyalty points awarded for using FAB Credit Card banking services including gaming, everyday card spending, maintaining account balances, and more. These rewards can be exchanged for a broad array of benefits such as extended gaming time, cashback, e-gift vouchers, bill payments, travel, in-store shopping, and more.
Here’s how you can accumulate FAB Rewards using your FAB Rewards Platinum Credit Card:
Beyond FAB Rewards, the FAB Rewards Platinum Credit Card provides opportunities to win cash prizes based on your spending –
Please note the following conditions apply to the cash prizes:
Tabled below are the fees and charges associated with FAB Rewards Platinum Credit Card –
|Fees/Charges||Salary Transfer Customers||Non-Salary Transfer Customers|
|Annual Fees||AED 200||AED 300|
|Interest on Retail Purchases*||3.85% per month||3.85% per month|
|Interest on Cash Advance*||3.99% per month||3.99% per month|
|Cash Advance Fee||3.15% of cash amount with a minimum of AED 157.5 per transaction||3.15% of cash amount with a minimum of AED 157.5 per transaction|
|International Transaction Fee||2.49% of the transaction value plus scheme charges||2.49% of the transaction value plus scheme charges|
|Card Replacement Fee||AED 78.75||AED 78.75|
|Credit Shield Plus Fee||1.04% of the outstanding balance||1.04% of the outstanding balance|
|Wallet Shield Fee||0.42% of the outstanding balance monthly||0.42% of the outstanding balance monthly|
|Accident Insurance Fee||0.26% of the outstanding balance monthly or AED 31.5 (whichever is higher)||0.26% of the outstanding balance monthly or AED 31.5 (whichever is higher)|
|Late Payment Fee||AED 241.5 when the payment is late or less than the minimum amount due||AED 241.5 when the payment is late or less than the minimum amount due|
|Over Limit Fee||AED 288.75 when the outstanding balance exceeds the assigned credit limit||AED 288.75 when the outstanding balance exceeds the assigned credit limit|
|Plan Deferment Charges||AED 262.5||AED 262.5|
|Cheque Returned Fee||AED 210||AED 210|
|Minimum Monthly Payment||5% of outstanding or AED 100 (whichever is higher)||5% of outstanding or AED 100 (whichever is higher)|
|Payment due date from statement date||21- 25 days||21- 25 days|
|Statement Reprint Charges||AED 26.25 per statement||AED 26.25 per statement|
|Copies of Transaction Slips||AED 26.25 per slip||AED 26.25 per slip|
|Outstation Cheque Processing Charge||AED 52.5||AED 52.5|
|Dispute Verification Charge||AED 105||AED 105|
|Issuance of Liability Letter||AED 52.5||AED 52.5|
All fees and charges are inclusive of VAT (if any) and are rounded off to two decimal places.
*Note: As of 24 January 2023, if the card account is past due, the interest rate on Retail Purchases and Cash Advance balances may increase by 0.65%. The interest charges will revert to the prevailing product interest rate at the next billing date if the card account is no longer past due.
When considering the application for credit cards, understanding the eligibility requirements is crucial. As a potential cardholder, you need to meet certain financial prerequisites to be deemed suitable.
For the FAB Rewards Platinum Credit Card, the minimum monthly salary required is AED 8,000. This criterion ensures that the cardholder is financially capable of managing the obligations associated with the card and mitigates the risk of default.
Remember, while meeting this eligibility requirement is a key initial step in your application journey, it doesn't guarantee approval. Other factors, such as your credit score, debt-to-income ratio, and overall financial health will also be assessed by the bank during the application process. Thus, make sure that you have a clear understanding of these requirements before you start your application to ensure a smooth, efficient process, and a higher likelihood of approval.
Applying for the FAB Rewards Platinum Credit Card is a streamlined process when you utilise the Policybazaar UAE platform. Here's a step-by-step guide to help you get started-
Here are the benefits that you can enjoy by applying for the FAB Rewards Platinum Credit via policybazaar.ae -
|Other FAB Credit Card|
|FAB Al-Futtaim World Elite Credit Card||FAB Cashback 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 Islamic Gold 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 Rewards Platinum Credit Card offers an array of benefits across travel, lifestyle, protection features, and more. Cardholders enjoy up to two airport transfers a year, discounts with Visa's travel partners, discounted movie tickets, dining offers, purchase protection, extended warranty, international medical and travel assistance, and credit shield coverage.
Ans: The FAB Rewards Platinum Credit Card allows you to accumulate FAB Rewards on your everyday card spending, gaming, and banking with FAB. These rewards can be redeemed for game time, cashback, e-gift vouchers, utility bill payments, travel, in-store shopping, and more.
Ans: You can earn up to 5 FAB Rewards for every AED 1 spent on gaming - this includes spending on PlayStation, Nintendo, Xbox, Steam, Twitch, and more.
Ans: Yes, depending on your spending, you could win cash prizes in the biannual and annual draws. For instance, a cumulative retail spend of AED 25,000 within six months could win you AED 25,000 in the biannual draw, while an annual spend of AED 50,000 could potentially win you AED 50,000 in the annual draw.
Ans: You can seamlessly apply for the FAB Rewards Platinum Credit Card through Policybazaar.ae. After filling out the lead form in the credit cards section, you can explore the available credit cards, select the FAB Rewards Platinum Credit Card, and hit the 'Apply' button. A customer service representative will then connect with you to help you with the rest of the process.
Ans: Applying for a credit card through Policybazaar.ae offers advantages like a simplified and user-friendly application process, tailored comparisons of different credit cards, dedicated customer service assistance, time-saving procedures, and guaranteed security of your personal information.
Ans: The minimum monthly salary required to apply for the FAB Rewards Platinum Credit Card is AED 8,000.
Ans: Yes, you can instantly redeem your FAB Rewards through the FAB Mobile app for more game time, Emirates Skywards Miles or Etihad Guest Miles, e-vouchers for malls, utility bill payments, and much more.