FAB GEMS World Credit Card review
The card delivers up to 3% savings on GEMS school fees and 10% cashback on school buses, canteen, uniforms and extracurriculars, alongside 1% on domestic spend and 2% on international and travel spend. The fee savings and 0% Easy Payment Plan apply specifically to GEMS schools.
Family-focused benefits include a 0% EPP for up to 12 months on GEMS fees with no processing fee, and Education Protection cover of up to AED 500,000 per child. There are lifestyle perks too, with access to 1,000+ lounges worldwide up to 8 times a year on a USD 1 spend and cinema tickets from AED 20.
The AED 399 annual fee is waived when you spend AED 24,000 or more on non-educational purchases in the prior year. With an AED 8,000 salary requirement, the card is a natural fit for GEMS parents looking to soften the cost of schooling.
Card details
| Bank | FAB |
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| Card type | Lifestyle |
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| Card network | Mastercard World |
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| Co-brand | GEMS Education |
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| Minimum salary | AED 8,000 |
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| Annual fee | AED 418.95 |
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| Fee waiver | No annual fee if AED 24,000 or more is spent on non-educational purchases in the previous year |
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| Interest (monthly) | 3.99% |
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| Reward type | Cashback |
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| Reward rate | Up to 3% savings on GEMS school fees; 10% cashback on school bus, canteen, uniforms and extracurriculars; 1% on domestic spend; 2% on international and travel spendThe school-fee savings and 0% EPP apply to GEMS schools 0% EPP for up to 12 months with no processing fee on GEMS fees; plus Education Protection cover of up to AED 500,000 per child |
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| Lounge access | Access to 1,000+ lounges worldwide, up to 8 times/year with a minimum USD 1 spend |
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| Quick cash | Quick Cash available bank-wide |
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| Balance transfer | 0% balance transfer plans available bank-wide |
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| Instalment plan | 0% EPP for up to 12 months on GEMS school fees with no processing fee |
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FAB GEMS World Credit Card benefits
✓Up to 3% off GEMS school fees
✓10% cashback on school expenses
✓0% installments on school fees
✓Education Protection up to AED 500,000 per child
✓8 lounge visits/year with a USD 1 spend
✓Cinema tickets from AED 20
Offers and payment options
Quick cashQuick Cash available bank-wide
Balance transfer0% balance transfer plans available bank-wide
Instalment plan0% EPP for up to 12 months on GEMS school fees with no processing fee
FAB GEMS World Credit Card fees & charges
| Annual percentage rate (APR) | 47.88% (purchases and cash advance) |
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| Cash advance fee | 3.15% or AED 157.50, whichever higher |
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| Late payment fee | 241.50 |
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| Over-limit fee | 303.18 |
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| Foreign currency fee | 2.61% + scheme charges |
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| Minimum payment | 5% of outstanding or AED 100, whichever higher |
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| Interest-free period | 55 |
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| Card replacement fee | 78.75 |
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From the bank’s Key Facts Statement / Schedule of Charges. Some figures include and some exclude 5% VAT, a bank’s marketing page can differ from its Key Facts Statement, and fees change - always confirm with the bank before you apply.
Who should get this card?
It suits parents with children in GEMS schools who are paying tuition and want to offset education costs.
What works well
- ✓Big value for GEMS-school parents
- ✓0% installments on school fees
- ✓Fee waiver on modest non-educational spend
What to weigh up
- −Niche value tied to GEMS schools
- −Modest general cashback rate
FAB GEMS World Credit Card eligibility
Minimum salary of AED 8,000; UAE resident and typically a GEMS parent
▤Emirates ID▤Passport/visa▤Salary certificate or bank statements
FAB GEMS World Credit Card FAQs
Minimum salary of AED 8,000; UAE resident and typically a GEMS parent
The listed annual fee is AED 418.95. No annual fee if AED 24,000 or more is spent on non-educational purchases in the previous year
Up to 3% savings on GEMS school fees; 10% cashback on school bus, canteen, uniforms and extracurriculars; 1% on domestic spend; 2% on international and travel spend
It suits parents with children in GEMS schools who are paying tuition and want to offset education costs.
Product details are indicative and compiled from each bank’s official pages and Key Facts Statements; figures can differ between a bank’s marketing page and its Key Facts Statement, and fees, rates and VAT treatment change. We are not affiliated with, or authorised by, any bank - always confirm current fees, eligibility, rewards and terms directly with the issuing bank before applying. This page does not constitute financial advice.
