FGB is the abbreviated form of First Gulf Bank and it holds the privilege of being the third largest bank in UAE. It was established in the year 1979 and headquartered in the Emirate of Abu Dhabi. It offers a full range of financial services for people, businesses and consumer sectors with multiple branches all over UAE.
In December 2016, FGB united with National Bank of Abu Dhabi (NBAD) and they both together introduced First Abu Dhabi Bank, which is called as FAB. Since then, FAB has been one of the largest and popular financial institutions in the UAE. This union and the new birth of FAB from FGB and NBAD was a part of a long-term strategy in order to grow the bank both locally and internationally.
FGB offers various kinds of credit cards with unique specifications and these credit cards offer amazing deals, discounts and offers on travel, lifestyle, entertainment and so on. Before going ahead to apply for the credit card from FGB, which is technically now FAB, you need to know FGB credit card minimum salary requirements and eligibility so that you will not miss out any eligible factors and get the application done with no further delay!
FGB, which has now been reformed, renamed and modified as FAB, offers several kinds of credit cards, and each of them has unique specifications. The different kinds include Infinite credit cards, World Elite credit cards, Cashback credit cards, Platinum credit cards, Signature credit cards, Standard credit cards and so on. Each of these credit cards has its own eligibility levels, and it is time for us to know about that before applying for any form of credit card. FGB credit card eligibility is nothing different from other banks’ but it has most similar eligibility criteria.
Before applying for any credit card, the beginning eligibility standard that has to be looked into is the age of the applicant. It requires the applicant to be a minimum of 21 years old, and the maximum age limit that one could possibly meet is 65 years old for the credit card approval . The rest of the eligibility criteria met.
Proof of identity is highly demanded in order to confirm that you are from UAE or an expat living in UAE. For the citizens of UAE, a copy of the Emirates ID will act as identity proof for an individual. Also, you can use your passport having residency linked with your Visa. This could also be considered as an identity proof. If you are not a citizen of UAE but are currently residing there as an expat, you can also apply for a credit card from UAE banks provided with proof of residency. You can also use your passport as proof of your identity. On the other hand, the utility bills could be of great proof as they will have the details of your address, and that would also be proof of your identity.
The credit score is one of the most important eligibility factors that will be considered by FGB while reviewing your credit card application form for approval. Maintaining a good credit score will give you a high chance of your credit card application getting approved. Therefore, having anywhere between 620 and 750 of the credit score will make your application eligible without getting rejected. Hence, it is noticeable that you need to have a good credit score along with all the other eligibility criteria being met.
The FGB credit card minimum salary
requirements being set by the banks and financial institutions is for them to be sure that an individual who is applying for the credit card has the ability and money to repay the credit card values and bills. Here, you need to check the FGB credit card salary limit before applying for any type of credit card. This is because each credit card will have a certain salary limit, and this is not the same for all kinds of credit cards offered by FGB.
The FGB credit card minimum salary
is AED 5,000 and it could also go up to AED 50,000 for certain credit cards.
Knowing these FGB credit card minimum salary limits will keep you educated and help you better in taking informed decisions on which credit card will suit your needs and requirements.
While applying for credit cards from banks or financial institutions, you need to submit certain documents apart from proof of identity. These documents are related to your salary and will act as supporting documents for approval of the credit cards.
The banks and financial institutions require proof for your salary before approving your credit card request. The same goes for FGB and they too need the document that will ensure you are getting the minimum required salary. It not only shows that you are getting the minimum required salary but it will also help in determining if you will be able to repay the credit card values and bills on time.
You can either use your salary slip or the salary transfer letter or a salary certificate from the employer as a proof for your steady income. All of these above-mentioned proofs will detail your role or position, your income value and your status of employment as if you are currently employed or not. All of these details are crucial for the banks since depending upon these details only, they will approve the credit card request.
If you are not going for a regular job and you are freelancing or self-employed or doing a business, then you won't have the option to submit salary proofs. Here is what you need to do in order to replace the salary proofs. You have to submit the documents of the last three months' transactions of your income, and that will be enough for the banks to check your ability to repay the credit card values and bills.
There are numerous benefits that come along with the credit cards offered by FGB. Let us look into those benefits before applying for a credit card from them.
In this blog, we have seen the background of First Gulf Bank (FGB) and FGB credit card eligibility and minimum salary requirements. With this knowledge and information gained from this blog, you can decide for which credit card you would like to apply and all the eligible proofs and documents needed. You can prepare all those documents beforehand, and once they are ready, you can apply for the credit card from FGB and get it approved at the earliest without any delays and need for more proofs or documents.
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ADCB Credit Card Minimum Salary RequirementFirst Abu Dhabi Bank |
Yes, FGB has its own digital application and from that, you can apply for the credit card and get it approved instantly with the seamless interface of its app. It rejects the traditional method of visiting the bank's branch office and applying for the credit card manually. When the whole world is digitalized, FGB also aligns with the trend by having online options to apply for the credit card and get it approved.
There is no limit to a minimum spend of this much in order to get the cashback for credit card usage. You will get cashback offers no matter how much you spend. Also, these amounts earned through cashback do not have an expiration date, and you are good to use them whenever you want to use them
The interest rate of credit cards offered by FGB depends on the individual cards. However, the minimum interest rate will be 3.25%.
Yes, definitely! The non-citizens of UAE, who are all residents and expats of UAE, are always welcome to apply for credit cards from FGB, provided you might need to submit the necessary documents for proof. Considering that, your passport or residency letter will act as proof of that.
The annual fees for FGB credit cards are absolutely free. FGB follows ‘free for life’ policy for the credit card fees and that is the evident reason why the annual fee is free forever.
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We gather this information to assist you better and track your progress with the credit card application.
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