FAB GEMS World Credit Card

This card is aimed at parents paying GEMS school fees, pairing tiered FAB Rewards with a GEMS tuition advance-payment discount and global airport lounge access. You need a minimum salary of AED 8,000, and it carries an AED 418.95 annual fee, waived after AED 24,000 non-education spend in the preceding year. Rewards run at four rates: 33.5 points per AED 1 only at named school-expense merchants, 6.5 on eligible international spend, 3.5 on general domestic spend and 0.5 on named low-interchange categories.

You earn 33.5 FAB Rewards for every AED 1 spent on school bus transport, canteen, uniforms and MCC 8299 extracurricular purchases, capped at 83,500 points monthly. Ordinary tuition and generic education spend do not receive that accelerated rate; the calculator excludes the merchant-specific boost.

Outside school-related categories, the card pays 3.5 FAB Rewards per AED 1 on domestic spending in AED and 6.5 FAB Rewards per AED 1 on international purchases made in a non-AED currency. Named low-interchange categories, including generic education, earn 0.5 point per AED. The 33.5-point rate applies only to the named school-expense merchants.

The 2026–27 scheme's highest currently available rate is 1.65%, for paying International Schools' 2nd and 3rd term fees by 31 December 2026 (0.80% for Asian Schools' 3rd term by the same date); the scheme's top 3% full-year rate required prepaying by 20 August 2026 for International Schools or 31 March 2026 for Asian Schools, both of which have passed. A 0% plan with no processing fee is available for eligible GEMS fees of AED 1,000 or more. Non-GEMS plans use standard rates and fees.

The joining fee is free. The annual fee is AED 418.95; FAB waives it after AED 24,000 of non-education spending over the prior card year. The monthly interest rate is 3.99% (47.88% per annum), late payment is charged at AED 241.50, and exceeding your credit limit costs AED 303.18. Cash advances cost 3.15% of the amount or AED 157.50, whichever is higher, and international or foreign-currency transactions carry a 2.61% fee.

You get complimentary access to more than 1,000 airport lounges worldwide, up to 8 times a year for you and a guest after a qualifying USD 1 card purchase. FAB's cinema terms do not include GEMS World in their allowance table, so the card does not carry a cinema-ticket benefit. An optional Education Protection Plan underwritten by ADNIC is also available from AED 28 per month per child, covering up to AED 500,000.