FAB Low Rate Credit Card

With its competitive interest rates and a range of features, this card empowers cardholders to make essential purchases or consolidate debt with confidence, without the burden of excessive fees.

The FAB Low-Rate Credit Card offers the convenience and reliability that you expect from a leading financial institution like First Abu Dhabi Bank. Whether you're looking to minimise interest costs on your outstanding balances or require a versatile credit tool for your everyday needs, this card is designed to help you save more and stress less.

Discover the key to a smarter, more economical financial journey with the FAB Low-Rate Credit Card.

Features and Benefits Offered by FAB Low-Rate Credit Card

Let’s take a look at the key features of this fab credit card -

Exclusive Benefits

• For UAE nationals, the interest rate can be as low as 1.5% per month. Expatriates, on the other hand, may avail it at as low as 1.99% per month.
• Enjoy a zero percent interest rate on Balance Transfers for a maximum of 18 months if you are a UAE national and up to 12 months if you're an expatriate (fees are applicable).
• A minimum payment of 3% of the statement balance is required every month.
• When spending abroad, you won't incur foreign transaction bank fees (excluding scheme charges and currency conversion).
• Take advantage of Easy Payment Plans, starting from as low as 0.99% over a span of up to 48 months, available to everyone (fees apply).
• Enjoy the convenience of Quick Cash deposited directly into your UAE account at competitive rates (fees may apply).

Lifestyle Benefits

• Enjoy budget-friendly spending thanks to exclusive shopping and dining savings offered by FAB's affiliated partners.
• Seamlessly handle your card and payments using the FAB Mobile app.
• Receive text message notifications for all your credit card transactions, ensuring that you stay informed.
• Secure up to four complementary supplementary cards for your family members.
• Set up standing instructions for convenient payments.

Protection Benefits

• Enjoy the peace of knowing that your remaining balance will be settled in case unforeseen circumstances prevent you from making your credit card payments.
• Wallet Shield offers financial protection against unauthorised transactions made on your misplaced or stolen credit cards as well as loss of cash, the theft of important identification documents, or misplaced keys.

To request this coverage, simply send an SMS with the message ‘WS’ to 2121.

Fees and Charges Applied to FAB Low-Rate Credit Card

Tabled below are the charges applied to the FAB Low-Rate credit card -

Charges	Amount
Annual Fee	AED 315
Cash Advance Interest	2.8% per month
International Transaction Fee	AED 0 + Scheme Charges
Credit Shield Plus Fee	1.04% of the Remaining Balance
Accident Insurance Charge	0.26% of the Remaining Balance or AED 31.5, whichever is higher (charged monthly)
Over Limit Fee	AED 288.75 in any month when the outstanding balance is higher than the credit limit assigned
Cheque Returned Charges	AED 210
Payment Due Date from Statement Date	21 to 25 days
Transaction Slip Copies Charges	AED 26.25 per transaction slip
Dispute Verification Charge	AED 105
Interest on Retail Purchases	1.5% for UAE Nationals and 1.99% for Expatriates (charged per month)
Cash Advance Charge	1% of the portion obtained as cash or a minimum of AED 105 per transaction — whichever is more
Card Replacement Fee	AED 78.75
Wallet Shield Fee	0.42% of the remaining balance (charged per month)
Late Payment Fee	AED 241.5 charged in any month when you pay the credit card bill late, fail to pay, or pay less than the minimum amount due
Plan Deferment Fee	AED 262.5
Minimum Monthly Payment	3% of the outstanding amount or AED 105 (whichever is higher)
Statement Reprint Fee	AED 26.25 per statement
Outstation Cheque Processing Fee	AED 52.5
Charge to Issue Liability Letter	AED 52.5

Eligibility Criteria to Apply for FAB Low-Rate Credit Card

Listed below are the eligibility prerequisites for the FAB Low-Rate Credit Card –

• Minimum Salary - AED 10,000 per month
• Minimum Age - 21 years 
• Nationality - UAE Nationals and Expatriates

Documents Required to Apply for FAB Low-Rate Credit Card

Here is the list of documents required to apply for the FAB Low-Rate Credit Card -

• Emirates ID
• UAE Residence Visa (for expatriates)
• Passport 
• Address proof like utility bills
• Recent bank statements for 3 to 6 months
• A trade licence (for self-employed applicants)
• Salary certificate

How to Apply for a FAB Low-Rate Credit Card?

You can easily initiate the application process for FAB Low-Rate credit cards via Policybazaar.ae, an online third-party aggregator platform that is a one-stop site for all your banking and insurance requirements in the UAE. This platform provides a wide selection of excellent credit cards from leading banks and financial institutions in the country.

To start your application for the FAB Low-Rate credit card, you have two options: either click on the 'Credit Card' icon located on the homepage or select this option from the 'Banking Products' tab within the menu.

After accessing the credit card section, you'll come across a primary application form. Fill out this form accurately and click on the 'View Quotes' tab. This will redirect you to our credit card quotes page.

On this page, you can assess the features of the FAB Low-Rate Credit Card. If you find them suitable, simply opt to apply and follow the on-screen instructions.

By applying for this FAB credit card through Policybazaar UAE, you can enjoy access to a range of exclusive advantages -

• The ability to compare the features and benefits of various insurance and banking products offered by leading banks and institutions in one place 
• Complimentary access to your credit Score information
• Exclusive discounts and special offers
• Assistance from our in-house team of industry experts
• Round-the-clock customer support to address all your requirements

Other FAB Credit Card
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FAB Gold Credit Card

Frequently Asked Questions