The FAB SHARE Signature Credit Card by First Abu Dhabi Bank (FAB) is designed for individuals seeking substantial rewards, travel benefits, and lifestyle perks. This review provides an in-depth look at its features, benefits, fees, and how it compares to similar cards in the market.
Key Features and Benefits
Key Features and Benefits
- Cashback and Rewards: With the FAB SHARE Signature Credit Card, you can easily collect rewards on all your purchases. You can get up to 5% cashback at great places like Carrefour, VOX Cinemas, and Magic Planet. Use this cashback at tons of SHARE partner stores, making it super handy. Plus, if you’re new, you can snag a sweet welcome bonus of AED 1,000 in SHARE points after spending a bit.
- Travel Benefits: You get free access to over 1,000 airport lounges around the world, making your travel super fancy. The card also hooks you up with full travel insurance for you and your family, so you can travel worry-free. And you get discounted rates on airport rides, making travel even easier.
- Lifestyle Perks: Score discounts on movie tickets at VOX Cinemas for a better entertainment experience. There are tons of discounts and deals at SHARE partner brands, making everyday shopping more fun. Plus, you get 24/7 concierge services to help with travel bookings, dinner reservations, and event tickets.
- Visa Signature Perks: The card adds an extra year to the manufacturer’s warranty for repairs. When you buy hotel bookings, car rentals, and more with Visa’s travel partners, you save money. And don’t worry about theft or damage on eligible purchases, because you’re covered.
Fees and Rates
- Interest Rate: 3.25% per month, which is pretty good compared to other cards.
- Minimum Salary Requirement: You need to make at least AED 15,000 a month, so lots of people can get it.
- Annual Fee: Pay AED 1,500, to get all the good perks and benefits, it’s worth it.
Pros:
- High cashback rates, especially at SHARE partner brands.
- Sweet welcome bonus for new users.
- Awesome travel benefits like lounge access and travel insurance.
- Cool lifestyle perks like movie ticket discounts and exclusive offers at partner brands.
Cons:
- High Annual Fee: AED 1,500, which may be a deterrent for some potential users.
- Interest Rate: 3.25% per month is relatively high, which could be a disadvantage for those carrying a balance.
- Partner-Specific Rewards: The highest rewards are skewed towards SHARE partner brands, which may limit appeal for users who shop more broadly.
Comparison to Similar Cards
Emirates NBD Skywards Signature Credit Card:
- Rewards: Focuses on earning Skywards Miles, beneficial for frequent Emirates flyers.
- Travel Perks: Use this card for your vacations and get unlimited lounge access plus free travel insurance.
- Fees and Rates: Similar interest rate around 3.25% per month, lower minimum salary requirement of AED 12,000, and an annual fee of AED 1,500.
ADCB TouchPoints Signature Credit Card:
- Rewards: Earn TouchPoints on every spend, offering versatile redemption options.
- Travel Perks: Get free entry to airport lounges and travel insurance to keep your trips stress-free.
- Fees and Rates: Similar interest rate around 3.25% per month, minimum salary requirement of AED 15,000, and an annual fee of AED 1,500.
Emirates NBD Skywards Signature Credit Card and ADCB TouchPoints Signature Credit Card
1. Cashback and Rewards
- FAB SHARE Signature Credit Card: 5% Cashback on purchases at SHARE partner brands (e.g., Carrefour, VOX Cinemas, Magic Planet). Cashback can be redeemed at various SHARE partner stores.
- Emirates NBD Skywards Signature Credit Card: Earn Skywards Miles on every spend. No specific cashback offer.
- ADCB TouchPoints Signature Credit Card: Earn TouchPoints on every spend. No specific cashback offer.
2. Welcome Bonus:
- FAB SHARE Signature: AED 1,000 in SHARE points upon meeting spending criteria.
- Emirates NBD Skywards Signature: Up to 50,000 Skywards Miles on the first purchase.
- ADCB TouchPoints Signature: Up to 150,000 TouchPoints.
3. Easy Payment Plans and Balance Transfers
- FAB SHARE Signature Credit Card: Offers 0% Easy Payment Plans (EPP) at selected merchants and balance transfer offers that can be 0% for 12 months.
- Emirates NBD Skywards Signature Credit Card: Provides 0% Installment Plans with selected partners and balance transfer offers that can be 0% for 12 months.
- ADCB TouchPoints Signature Credit Card: Features 0% Installment Plans at selected merchants and balance transfer offers with varying terms.
4. Travel Benefits
FAB SHARE Signature Credit Card:
- Airport Lounge Access: Free use of over 1,000 airport lounges around the world.
- Travel Insurance: Comprehensive coverage for cardholders and their families.
- Airport Transfers: Discounted rates on airport transfers.
Emirates NBD Skywards Signature Credit Card:
- Unlimited Complimentary Lounge Access: For cardholders and a guest.
- Travel Insurance: Comprehensive travel insurance.
- Airport Transfers: Complimentary transfers up to four times per year.
ADCB TouchPoints Signature Credit Card:
- Complimentary Lounge Access: Globally at selected airports.
- Travel Insurance: Comprehensive coverage.
- Airport Transfers: Discounted rates available.
5. Lifestyle Perks
FAB SHARE Signature Credit Card:
- Movie Ticket Discounts: Discounts at VOX Cinemas.
- Exclusive Offers: Various discounts at SHARE partner brands.
- Concierge Services: 24/7 assistance with travel, dining, and events.
Emirates NBD Skywards Signature Credit Card:
- Discounts on Dining and Shopping: Via Skywards Miles.
- Free Golf: Get One or two rounds free per month.
- Concierge Services: Day and night help.
ADCB TouchPoints Signature Credit Card:
- Discounts on Dining, Shopping, and Wellness: Via TouchPoints.
- Complimentary Golf Rounds: At select courses.
- Concierge Services: 24/7 assistance.
6. Fees and Rates
- FAB SHARE Signature Credit Card: Interest Rate: 3.25% per month.Annual Fee: AED 1,500.
- Emirates NBD Skywards Signature Credit Card: Interest Rate: Around 3.25% per month. Annual Fee: AED 1,500.
- ADCB TouchPoints Signature Credit Card: Interest Rate: Around 3.25% per month. Annual Fee: AED 1,500.
7. Minimum Salary Requirement:
- FAB SHARE Signature: AED 15,000 per annum
- Emirates NBD Skywards Signature: AED 12,000 per annum
- ADCB TouchPoints Signature: AED 15,000 per anum
8. Visa Signature Privileges
FAB SHARE Signature Credit Card:
- Extended Warranties: Up to one year.
- Global Travel Discounts: Through Visa’s partners.
- Purchase Protection: Coverage against theft or damage.
Emirates NBD Skywards Signature Credit Card:
- Extended Warranties: Similar offerings.
- Global Travel Discounts: Through Visa’s partners.
- Purchase Protection: Similar coverage.
ADCB TouchPoints Signature Credit Card:
- Extended Warranties: Up to one year.
- Global Travel Discounts: Through Visa’s partners.
- Purchase Protection: Similar coverage.
How does it compare?
The FAB SHARE Signature Credit Card offers excellent cashback rewards, particularly at SHARE partner brands, and provides substantial travel and lifestyle benefits. However, it has a high annual fee and interest rate. The Emirates NBD Skywards Signature Credit Card is better for frequent Emirates flyers with significant Skywards Miles rewards and more extensive travel perks. The ADCB TouchPoints Signature Credit Card offers a balanced mix of rewards and lifestyle benefits but does not match the cashback benefits of the FAB SHARE card. Each card has unique advantages, catering to different spending habits and preferences.
Conclusion
The FAB SHARE Signature Credit Card stands out with its high cashback rewards, particularly for purchases at SHARE partner brands, and generous welcome bonus. Its comprehensive travel benefits and versatile lifestyle perks make it an attractive option for mid to high-income earners. However, its high annual fee and interest rate could be considered drawbacks. Compared to the Emirates NBD Skywards Signature and ADCB TouchPoints Signature Credit Cards, the FAB SHARE card offers a unique value proposition for those who frequently shop at SHARE partner brands while enjoying great travel and lifestyle perks.