The FAB Platinum Visa Card offers security, rewards, and convenience premium benefits. It includes travel perks, lounge access, and cashback.
Competitive interest rates and strong security add value. This article covers its features, fees, and application process.
About First Abu Dhabi Bank and Its Platinum Visa Card
First Abu Dhabi Bank (FAB) is one of the largest financial institutions in the UAE. It provides various banking services, including premium credit cards.
The Platinum Visa Card offers special privileges for travelers and frequent spenders. It includes added security, flexible spending options, and lifestyle perks.
Many choose this card for its travel benefits and financial flexibility. This section explains why this card stands out.
Key Features of the Platinum Visa Card
This card comes with a range of benefits tailored for everyday use and travel. It includes security features, travel perks, and spending flexibility to enhance the cardholder’s experience.
Credit Limit and Spending Flexibility
The credit limit depends on the applicant’s income and financial background. Higher-income individuals may receive larger limits, allowing for greater financial flexibility.
The card supports cash withdrawals and balance inquiries at specific ATMs. Cardholders can also apply for additional cards for family members.
Limits may be adjusted based on the user’s spending patterns. Responsible use can help in building a strong credit profile.
Rewards and Benefits
This card provides several rewards that enhance convenience and travel experiences.
- Complimentary lounge access at select airports.
- Cashback offers on specific transactions.
- Free SMS alerts to track spending and due payments.
- Unlimited supplementary cards for family members.
- No extra charges for cash withdrawals and balance checks in certain ATM networks.
Security Features
The card includes several security measures to protect against fraud and unauthorized transactions.
- Chip and PIN technology for safer transactions.
- Fraud monitoring to detect unusual activity.
- Instant SMS alerts for every transaction.
- Secure online payments with additional authentication.
- 24/7 customer support for reporting suspicious activity.
Interest Rates and Fees
This card comes with specific interest rates and fees based on transactions. Users should be aware of charges for purchases, cash withdrawals, and balance transfers.
Interest Rates
Interest rates apply to purchases, cash advances, and outstanding balances. Rates for credit balances in savings accounts depend on the published rates and require a minimum balance.
Debit balances in current accounts are subject to arrangement with the bank. Personal accounts may have a minimum monthly charge of OMR 5.000, while corporate accounts may require OMR 10.000.
Foreign currency accounts follow a similar structure but may vary. Checking the latest rates directly with the bank is advised.
Fee Structure
Various fees apply to transactions and account maintenance. Cheque collection for foreign currency accounts costs OMR 5.250 per item.
Special clearing transactions require a charge of OMR 10.500. Insufficient funds lead to a penalty of OMR 15.750 per returned cheque.
Other charges depend on the transaction type and account status. Fees may change, so it’s best to check the latest rates on the bank’s website.
Eligibility and Application Process
Applicants must meet specific eligibility criteria to qualify for this card. The process requires certain documents and steps for approval.
Eligibility Criteria
Only FAB account holders can apply for this card. A minimum income requirement may apply based on the applicant’s financial background.
A good credit score increases the chances of approval. Applicants must provide valid identification documents and proof of income.
Additional requirements depend on the type of account held with the bank. Checking the latest conditions with the bank is advised.
Application Process
The application process is straightforward and requires a few key steps.
- Ensure you have a FAB account before applying.
- Gather necessary documents, including ID and proof of income.
- Check the bank’s official website or visit a branch for the latest requirements.
- Complete the application form online or in person.
- Submit the documents and wait for approval.
- Receive and activate your card upon approval.
Helpful Tips for a Smooth Application Process
A proper application increases the chances of approval and avoids delays. Follow these steps to ensure everything is in order.
- Check eligibility before applying to meet all requirements.
- Gather necessary documents like ID, proof of income, and residency details.
- Ensure your credit score is strong to improve approval chances.
- Use the official website or visit a branch for the latest requirements.
- Double-check the application form for accuracy before submission.
- Keep a copy of your application and confirmation details for reference.
Using Your FAB Platinum Visa Card
This card can be managed easily for payments, withdrawals, and benefits. Using mobile banking makes transactions and account monitoring more convenient.
Managing Your Card
Proper management helps avoid extra fees and unnecessary spending. Paying the full balance on time prevents interest charges.
Setting up SMS alerts keeps track of transactions and due dates. Using the card only for planned expenses helps maintain control.
Checking statements regularly helps spot unauthorized charges quickly. Contacting customer support for lost or stolen cards ensures security.
Mobile Banking
The mobile banking app makes handling transactions easier. Users can check balances, pay bills, and transfer money anytime.
Setting up SMS alerts helps track every transaction. The app provides security features to prevent fraud.
It also allows for quick card blocking if needed. Keeping the app updated ensures better security and functionality.
Customer Service and Support
The bank provides helpline numbers for local and international customers. Oman residents can call 800 76076, while international customers can reach support at +968 24 761076.
For general inquiries, email [email protected]. Complaints can be sent to [email protected] for resolution.
Summary of the FAB (First Abu Dhabi Bank) Platinum Visa Card
The FAB (First Abu Dhabi Bank) Platinum Visa Card provides security, rewards, and convenience. It includes travel perks, cashback, and digital banking options for better financial management.
The card requires a FAB account and follows specific eligibility criteria. Checking fees, rates, and terms before applying ensures the right financial decision.
Disclaimer: Fees, rates, and benefits are subject to change based on the bank’s policies. It is recommended to check the latest terms and conditions directly with the bank.