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FAB Accelerator

Personalise your banking experience

Get Started

01

Create account

Choose the type of account you would like to open. Explore account

02

Choose credit card

FAB Accelerator offers you a variety of credit cards. Explore credit cards

03

Choose booster

FAB Accelerator offers three kinds of boosters, each with a unique set of benefits. Explore booster

Learn more about the FAB Accelerator

Learn more about general information of accelerator
Learn more about general information of accelerator
Learn more about general information of accelerator
Learn more
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What is FAB Accelerator?

The Accelerator Programme is a hard bundle of a Current Account and a Credit Card. Customers can choose one of the three tiers available under the Accelerator Programme. Under Accelerator, customers are entitled to a Welcome Bonus, privileged account benefits, exciting loyalty benefits on credit card spends, as well as additional benefits every time on availing other eligible products from FAB.

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Which Credit Card can I apply for with Accelerator?

You can choose a Credit Card from our suite of Credit Cards under the Accelerator Programme, subject to eligibility.

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Which Current Account can I apply for with Accelerator?

You can choose a Current Account from our suite of Current Accounts under the Accelerator Programme, subject to eligibility.

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How many tiers are there in the Accelerator Programme?

There are three different tiers available under Accelerator – Booster, Booster Plus and Turbo Booster. All the benefits of the Accelerator Programme are based on these tiers.

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Can I change my Accelerator Tier?

Yes, you can change your Accelerator Tier at any time. Please call our call center at 600525500 and place your request.

Features and Benefits

Learn more about accelerator's features and benefits
Learn more about accelerator's features and benefits
Learn more about accelerator's features and benefits
Learn more
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What is my benefit in applying for FAB Accelerator as opposed to applying for each product individually?

Accelerator customers would be eligible for extra benefits such as a Welcome Bonus, privileged account benefits, higher loyalty benefits on credit card spends, and additional benefits on availing other eligible products from FAB. Customers who hold individual products with FAB and are not subscribed to the Accelerator Programme would not be eligible for these benefits.

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What are the welcome benefits being offered with Accelerator and how will I get it?

The Welcome Bonus is based on the Accelerator tier the loyalty program chosen by the customer.

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How and when will I receive the Welcome Bonus?

The customer should meet the following conditions in order to get the Welcome Bonus:

  • Credit turnover of at least AED 15,000 in the Current Account in a month
  • At least 1 spend transaction on the Credit Card
  • No delinquency on any FAB product

Once the above conditions are met, the Welcome Bonus would be credited to the customer’s loyalty program as per the following schedule for each Tier:

  • Booster: Next credit card statement after satisfaction of above criteria
  • Booster Plus: Two equal quarterly installments, starting with the next credit card statement after satisfaction of the above criteria
  • Turbo Booster: Three equal quarterly installments, starting with the next credit card statement after satisfaction of the above criteria
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What benefits do I get on my credit card spend under the Accelerator Programme?

Customers are entitled to higher loyalty benefits on the credit card spend under the Accelerator Programme than without Accelerator.

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When do I get the credit card loyalty benefits under the Accelerator Programme?

Customers can see these benefits in their monthly credit card statement.

Rules and Requirements

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What is the eligibility criterion for the Accelerator?

The Accelerator Programme is available to UAE Nationals and UAE Residence Visa holders, with a minimum monthly income starting from AED 15,000, which may vary based on the profile of the applicant.

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Do I need to transfer my salary to FAB to avail the Accelerator Programme?

Customer has a choice to either open a salary transfer relationship with us or they can simply transfer balance from another bank to their FAB current account. Customer can avail all the benefits of Accelerator in both the cases although if they transfer their salary to FAB they will get higher limit for their personal loan and can have an even more beneficial relationship with FAB.

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Can I avail the benefits offered with the Accelerator Programme without opting for one or more of the products?

The Accelerator benefits are offered only if the customer holds both a Current Account and an eligible Credit Card with FAB, and is subscribed to the Accelerator Programme. Customers would not receive these benefits if they do hold a Current Account and a Credit Card with FAB.

Pricing

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Would I be charged any fee?

Under the Accelerator Programme, a monthly fee would be charged to the customer’s FAB credit card. This fee would be based on the customer’s Accelerator Tier, the monthly balance transfer to FAB and his/her eligible product holding.

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How is credit turnover in my current account calculated?

We will aggregate the overall credit transactions (where funds are being deposited or transferred in) in your Current Account. Any transfer from your other FAB account to the Accelerator Current Account or any credits initiated by FAB (such as interest payments) will not be included in calculation of the credit turn over.

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Do I need to maintain any average balance in my current account?

You can maintain any average balance in your Current Account. To take part in the Accelerator Programme, your monthly credit turn over in your Current Account should be at least AED 15,000 per month.

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Do I also need to pay minimum monthly balance fee on my current account?

No. Minimum monthly balance fee on your Accelerator Current Account will be waived off.

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Do I still need to pay the annual membership fee on my credit card?

No. The existing annual membership fee on the credit card will not be charged once a customer becomes a part of Accelerator Programme. Accelerator customers have a separate credit card fee schedule as covered in the fee section on our website.

Get in touch

Need more help?

Contact us anytime for further assistance or check out our FAQ page for more information.

For customers within the UAE For customers outside of the UAE
600 52 5500 +971 2 681 1511