FAB Accelerator - Products, Loyalty Program, Tiers
FAB Accelerator
FAB Accelerator
These days, banking has become very easy and convenient. Most of the bank has also started providing products and services that can be customised according to the customer’s requirements. FAB accelerator is one such program that offers tailor-made services and products to the banking customers. FAB accelerator is a mixture of three loyalty programs and three accelerator tiers along with a wide range of benefits.
How does FAB Accelerator work?
FAB accelerator provides a Current account, Credit Card and the privileges that the customer wants to avail.
There are 4 steps to get started with the FAB accelerator.
- Choosing Current Account
- Choosing a Credit Card
- Choosing a Loyalty Program
- Choose the Accelerator tier
Choosing Current Account
The first step of FAB accelerator is picking a FAB Current Account. Customers can choose a current account from the range of accounts FAB provides according to the eligibility criteria. Currently, FAB offers FAB Personal Current Account. The features of the FAB Personal current account is as follows,
- A free debit card is provided
- Free chequebook is provided
- Customers can get free access to airport lounges
- Self-employed, salaried and non-salaried individuals are eligible
Choosing a Credit Card
Once a current account is chosen, then you can pick a credit card from the available credit cards for the accelerator program. FAB offers 5 different credit cards for this program.
- FAB Manchester City Infinite Credit Card
- FAB Du Platinum Credit Card
- FAB Abu Dhabi Platinum Credit Card
- Ferrari Signature Credit Card (Only for existing cardholders)
- Ferrari Infinite Credit Card (Only for existing cardholders)
The minimum salary required for the FAB credit card is AED 15,000. Pick one of the listed credit cards and proceed further to get the best loyalty program
Choosing the Loyalty Program and Accelerator Tier
FAB offers three loyalty programs as in, First Reward Points, First Miles and First Cashback. And the three tiers provided are Booster, Booster Plus, and Turbo Booster.
The benefits provided on the loyalty program varies at each tier as listed below
-> First Reward Points
-> First Cashback
-> First Miles
One more benefit of the FAB accelerator tier is, the customer can change the tier whenever they want to. And also a loyalty program can be changed at any time. But a point to be noted here is, the existing balance in a loyalty program will not be transferred to the new one.
Additional Products on FAB accelerator
Apart from the main products that are credit card and current accounts, the applicants can also avail additional products. These additional products also help in gaining more rewards from the loyalty program chosen and save a good amount of money overall.
Monthly Fee on FAB Accelerator
There is a monthly fee charged on the Accelerator Tiers according to the salary or balance transfer made to the account.
- Turbo Booster - AED 250 is charged for salary transfer of AED 15000. The monthly fee keeps reducing as the salary or balance transfer keeps increasing. For AED 50,000 and above transfer there is no monthly charge levied.
- Booster Plus - AED 65 is charged for salary transfer of AED 15000. The monthly fee keeps reducing as the salary or balance transfer keeps increasing. For AED 35,000 and above transfer there is no monthly charge levied.
- Booster - AED 20 is charged for salary transfer of AED 15000 to AED 24,999. The monthly fee keeps reducing as the salary or balance transfer keeps increasing. For AED 25,000 and above transfer there is no monthly charge levied.
The FAB Accelerator program is available on conventional products only. It offers a great benefit for the customers as there are several rewards and privileges provided.