FAB Signature Travel Credit Card Schedule of Fees and Charges
Principal Annual Fee |
AED 1,050 |
Supplementary Annual Fee |
Free |
Interest on Retail Purchases* |
Up to 3.85% per month |
Interest on Cash Advance* |
Up to 3.99% per month |
Cash Advance Fee |
3.15% of the amount of cash obtained with a minimum of AED 157.50 per transaction |
International Transaction Fee |
0% of transaction value + scheme charges |
Card Replacement Fee |
AED 78.75 |
Credit Shield Plus Fee |
1.04% of outstanding balance |
Wallet Shield Fee |
Charged per month at 0.42% of outstanding balance |
Accident Insurance Fee |
Charged per month at 0.26% of outstanding balance or AED 31.50 which ever is higher |
Late Payment Fee |
AED 241.50 in any month when the payment is late, or not made, or is less than the minimum amount due |
Over Limit Fee |
AED 288.75 in any month when the outstanding balance is greater than the assigned credit limit |
Plan Deferment Charges |
AED 262.50 |
Cheque Returned Fee |
AED 210 |
Minimum Monthly Payment |
5% of outstanding or AED 100 whichever is higher |
Payment due date from statement date |
21-25 days |
Statement Reprint Charges |
AED 26.25 per statement |
Copies of Transaction Slips |
AED 26.25 per transaction slip |
Outstation Cheque Processing Charge |
AED 52.50 |
Dispute Verification Charge |
AED 105 |
Issuance of Liability Letter |
AED 52.50 |
Above fees and charges are inclusive of VAT, if any.
Credit card charges are rounded off to two decimal places.
*Effective 24 January 2023, the interest rates on Retail Purchases and Cash Advance balances are subject to increase by 0.65% if the card account is past due. An account is considered past due if the minimum payment due is not received before the payment due date. Subsequently, interest charges will revert to the prevailing product interest rate at the next billing date if the card account is no longer past due.
For the most updated Schedule of Fees and Charges, please visit bankfab.com.