The FAB Al Futtaim Elite credit card was designed to offer exclusive deals on Al-Futtaim shopping. It also brought privileges such as cinema ticket discounts and zero-balance transfer facilities. However, the bank has discontinued this card. But even if new applicants are not eligible, existing ...read more
While the card is not available to new users, existing holders can make the most of many perks. Let’s take a look at the major benefits of this FAB credit card in UAE -
The primary criterion to be eligible for the FAB credit card is the salary requirement. You must have a minimum salary of AED 40,000. Besides, other entry requirements, like your age, credit Score, employment status, and nationality, are taken into consideration.
However, as mentioned earlier, you cannot apply for this card as a new user anymore.
Refer to the table below for the FAB Al Futtaim World Elite credit card fees and charges —
| Type of Fees | Charges |
|---|---|
| Issuance of Liability Letter | AED 52.50 |
| Late Payment Fee | AED 241.5 |
| Returned Cheque Fee | AED 210 |
| Overlimit Fee | AED 288.75 |
| Plan Deferment Charges | AED 262.50 |
| Statement Reprint Charges | AED 26.25 |
| Copies of Transaction Slips | AED 26.25 |
| Cash Advance Fee (per transaction) | 3.15% of the amount of cash obtained or AED 150, whichever is higher |
| Card Replacement Fee | AED 78.75 |
| Dispute Verification Charge | AED 105 |
| International Transaction Fee | 2.49% of the transaction value + scheme charges |
| Outstation Cheque Processing Charge | AED 52.50 |
Note that all fees are inclusive of VAT.
Ans: Unfortunately, the card is currently not active. It has been discontinued by FAB. However, you can find other cards from FAB and other leading banks on Paisabazaar.ae.
Ans: The bank will charge an overlimit fee of AED 288.75.
Ans: You earn 5% cashback in the form of Al-Futtaim Rewards.
The amount up to which the holder of a FAB Al-Futtaim World Elite Credit Card is covered is USD 500,000.