How To Cancel FAB Credit Card? Everything You Need To Know
If you have a First Abu Dhabi Bank (FAB) credit card, you may wish to cancel it for various reasons, such as being tired of juggling multiple cards or just wanting to stop using it. No matter the reason, this article will share the step-by-step process for canceling your FAB credit card.
A properly planned credit card cancellation saves you from unseen complications or regrets later.
Method Of Cancelling A FAB Credit Card
How to cancel FAB credit card? Avoid confusion about this action by following the steps below:
Step 1: Contact Customer Service
Contact FAB customer service by calling the hotline number, 600 52 5500 for within UAE and +971 2 6811511 for International dialling, to Inform them of your decision to close the credit card.
Step 2: Provide Relevant Information
Provide details about your FAB credit card, such as your credit card number, name, and reason for closure.
Step 3: Settle Outstanding Balance And Redeem Benefits
Ensure the payment of any outstanding balance or any future pending payments linked to your card. Also, redeem all accumulated reward points or cashback, along with transferring rewards that can be transferred like air miles. You can use your FAB Bank Balance for settlement.
Step 4: Confirm Closure
Request a confirmation from the customer service representative that your credit card has been successfully closed and also observe your FAB Bank account for it.
Step 5: Physically Destroy the Card
Cut your FAB Bank credit card into several pieces in such a way that the magnetic strip and chip portions are completely destroyed. It prevents the misuse of the discarded card later on.
Step 6: Ask For A ‘No Liability Certificate’
Request a ‘No Liability Certificate’ from the FAB bank after a successful credit card closure. This official document confirms that you, as a credit cardholder, have no outstanding debts or liabilities on your account.
Alternatives to Closing Your FAB Bank Credit Card
Wondering about how to cancel FAB credit card and whether to go for it or not? You may consider some alternative approaches instead of directly going for permanent card closure. Explore the following scenarios:
- Downgrade Card: Downgrade your FAB credit card to a lower-tier card with reduced fees and benefits by checking in with the bank to see whether it is permissible.
- Freeze Card: Freeze your card temporarily if you are actually concerned about unauthorized transactions through it.
- Keep For Emergencies: Keep the credit card for emergencies as backup or for occasional use to maintain your credit history.
FAQs
How to cancel FAB credit card online?
Currently, FAB credit card cancellation is not available online, as you must contact customer service by phone to initiate the cancellation process.
Even on the official FAB website page, you click the ‘Customer Care’ option, and you get taken to a ‘Contact Us’ page where customer care telephone numbers are mentioned for contacting.
Is there a fee to close my FAB credit card?
There is no fee to close your FAB bank credit card, but you may have to pay any outstanding balance before closing it.
What happens to my rewards if I cancel my FAB credit card?
Any unredeemed rewards may get forfeited or wasted once the card is cancelled.
Does cancelling a FAB credit card affect my credit score?
Yes, canceling a credit card can affect your credit score, particularly if it impacts your credit utilization ratio or if it is one of your oldest accounts.
How long does it take for FAB to complete a credit card cancellation?
Cancelling the FAB credit card generally takes a few business days from the time you contact customer care service.
