What you need to know before applying for the FAB Low Rate Visa
☑️ Minimum monthly salary: AED 10,000
☑️ UAE residency with a valid Emirates ID
☑️ Stable employment with proof of income
☑️ A positive credit history without defaults
Documents required
📄 Emirates ID and passport copy (for expatriates)
📄 Residence visa page (for expatriates)
📄 Salary certificate or payslip from your employer
📄 Recent bank statements (last three months)
Keep in mind that approval depends on meeting these criteria, and additional documents might be required based on the bank’s discretion.
Making the application process simple
Applying for the Fab Low Rate Visa is straightforward. Visit the FAB website or your nearest branch to start your application. Fill out the form with accurate personal and financial details, attach the necessary documents, and submit your request.
Once the bank reviews your information, they’ll provide an update on your application status. If approved, you’ll receive your card with all the benefits it offers. If denied, you can revisit the application after improving any flagged eligibility factors.
Managing payments with ease
Paying off your monthly credit card bills is hassle-free. Use the FAB mobile app, online banking, or visit a branch to clear your dues.
For added convenience, set up automated payments or schedule reminders to stay on top of deadlines. Aligning payment dates with your salary cycle can also help you maintain a healthy financial routine.
Fees and costs
The Fab Low Rate Visa is designed with affordability in mind. It comes with a competitive interest rate starting at 1.5% per month for UAE Nationals and 1.99% for expatriates. The annual fee is AED 300, and there are no foreign transaction fees for your international spending (excluding scheme and conversion charges). Balance transfer fees apply, depending on the transfer period chosen. Always review the fee schedule to understand the total costs involved.
A word of advice for your wallet
The Fab Low Rate Visa stands out for its practicality. Experts highlight its affordability, particularly the 0% balance transfer feature and low-interest rates, which are ideal for managing existing debt or making significant purchases. However, the lack of rewards programs might not appeal to those who prioritize earning points or cashback.
For example, the “buy now, pay later” plans are excellent for large planned purchases but might not suit impulsive spenders. Its supplementary cards feature is a great addition for families, offering flexibility and convenience. While this card excels in practicality, users should weigh their personal financial habits to maximize its benefits.
To get the most out of your Fab Low Rate Visa, plan your payments strategically. Take full advantage of the 0% balance transfer period and align your spending with the low-interest “buy now, pay later” plans. Ensure you’re managing payments on time to avoid unnecessary interest or fees, and regularly monitor your account via the FAB mobile app to stay in control of your finances.
Ready to make the switch?
Start your journey with the Fab Low Rate Visa and experience the ease of managing your expenses. Click below to explore all the features and begin your application today.