| Minimum Salary | Salary Transfer | Islamic Finance | Cashback | Annual Fee | Rate | |
|---|---|---|---|---|---|---|
FAB Rewards Indulge Credit Card
|
Minimum Salary: AED 5,000 | Salary Transfer: No | Islamic Finance: No | Cashback: Yes | Annual Fee: AED 0 | Rate: 3.99% |
Applications are restricted to salaried individuals only earning at least AED 5,000 per month, with all other profiles being automatically rejected.
- Up to 20% discount on dining out.
- 4 airport lounge visits a year.
- Get 20% off shopping on Namshi.com.
- 20,000 FAB Rewards monthly bonus on spending AED 10,000 or over each month.
- Local Spends: 5 FAB Rewards per AED 1 for online spending, 1 FAB Reward per AED 1 for all other spending.
- International Spends: 1 FAB Reward per AED 1 for international spending.
More Product Benefits:
- Travel Miles: FAB Rewards can be redeemed for travel.
- 4 standard free movie tickets a month for AED 20 (based on a spend of 3k or over a month).
- 20% off UAE attractions: Wild Wadi, The Green Planet, Dubai Parks and Resorts, The View Palm, Dubai Aquarium and Underwater Zoo, KidZania, Dubai Ice Rink and more.
- FAB mobile app with over 150 banking services at your fingertips.
Rates and Fees:
- No Annual fees.
- Finance Charge: 3.99% per month.
Eligibility & Requirements:
- A minimum salary of AED 5,000
- Minimum age 21.
Documents Required:
- Copy of Emirates ID; Valid Passport & Residence Visa Copy.
- Address Proof.
- Bank Statements with three Months Salary Credits.
Note: Benefits are subject to the bank's terms and conditions and may require minimum spends to activate certain lifestyle perks.
** Calculator Definitions
Amount:
The total amount of money borrowed, also referred to as the principal amount.
Rate (%):
This is the annual interest rate on the product which is equivalent to APR, which is going to be calculated in this example.
Years:
This is the original term or length of the product, stated in years.
Effective Monthly Payment:
This is the effective monthly payment, which takes into consideration fees and other costs associated with this product. The effective monthly payment is the basis for the APR calculation.
Calculated Annual Percentage Rate (%):
The Calculated Annual Percentage Rate (APR) is determined using the annual interest rate of the product plus fees and other costs. This rate may differ from bank to bank. APR is useful when comparing two or more products with different interest rates and fee structures.
