The FAB Low Rate credit card is exclusively for those who wish to save and manage their everyday spending. With a focus on affordability, this card provides a simple and straightforward way to handle purchases, manage monthly expenses by including features like ‘Buy Now Pay Later’. Whether you're ...read more
Refer to the primary features of the FAB Low Rate credit card below:
✔️ Exclusive discounts on dining and shopping
✔️ Get 4 supplementary cards for free
✔️ Set up standing instructions for payments
✔️ Opt for the ‘Buy Now Pay Later’ plan
✔️ Low interest rates are applicable
✔️ Features like Credit Shield and Wallet Shield are available
Know if you’re eligible for the FAB Low Rate credit card in the UAE:
Eligibility Type | Criteria |
---|---|
Minimum Age | 21 Years |
Minimum Salary | AED 10,000 |
Nationality | UAE National or UAE Expatriate |
Status of Employment | Salaried or Self-Employed |
Credit Score | As per the Bank |
A common list of documents is given below for a FAB credit card application processing:
For Salaried Individuals | For Self-Employed Individuals |
---|---|
✔️Emirates ID ✔️Passport ✔️Residence Visa (For expat applicants) ✔️Salary Proof- Salary Slip/ Salary Certificate ✔️Latest 3-6 Months’ Personal Bank Statement |
✔️Emirates ID ✔️Passport ✔️Residence Visa (For expat applicants) ✔️Trade Licence and MOA ✔️Latest 3-6 Months’ Company Bank Statement |
Note
📝Present valid documents
📝Keep the originals and copies of all documents
📝The bank may need additional documents
Complete your card application in simple steps:
Once we receive your application, one of our experts will reach out to assist you.
✨Access to a wide range of cards from top UAE banks
✨A platform to compare several cards as per preference
✨Availability of the expert assistance team
✨Hassle-free and quick application process
Some of the key fees and charges of the FAB card are as follows:
Type of Fees | Charges |
---|---|
Annual Fee | AED 300 |
Late Payment Fee | AED 241.5 |
Over-Limit Fee | AED 288.75 |
Retail Interest | 1.5%- For UAE Nationals 1.99%- For UAE Expats |
Note
📝Visit FAB’s website for detailed fees and charges.
Ans: A minimum monthly income of AED 10,000 is required, whether you're a national or expatriate.
Ans: The card has an annual membership fee of AED 300.
Ans: Rates start at 1.5% per month for UAE nationals and 1.99% for expatriates.
Ans: Just 3% of your statement balance is required each month.
Ans: Yes, the card allows you to opt for the Buy Now Pay Later feature.
Ans: Yes, Credit Shield and Wallet Shield protect against fraudulent transactions.