Schedule of Fees and Charges
Principal Annual Fee* |
AED 315 |
Supplementary Annual Fee |
Free |
Profit Rate on Retail Purchases |
Up to 3.50% per month |
Profit Rate on Cash Advance |
3.50% per month |
Cash Advance Fee |
3.15% of the amount of cash obtained with a minimum of AED 105 per transaction |
International Transaction Fee |
2.49% of transaction value + scheme charges |
Takaful Credit Shield Plus Fee (optional) |
1.04% of outstanding balance |
Takaful Wallet Shield Fee |
Charged per month at 0.42% of outstanding balance |
Accident Takaful Fee |
Charged per month at 0.26% of outstanding balance or AED 31.5 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
|
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 |
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.
Islamic Credit card charges are rounded off to 2 decimal places.
* Effective from 1 May 2022, the annual fee for FAB Islamic non-salary transfer customers (expats only) holding the FAB Cashback Islamic Credit Card will be revised to AED 525