FAB GEMS World Credit Card

A FAB card for school-fee payers with an AED 418.95 annual fee (waived after AED 24,000 of non-educational spending in the previous year) that earns about 1% in FAB Rewards on UAE spending and about 2% abroad (together capped at about AED 751.50 a month), 10% on school extras such as bus, canteen and uniform up to about AED 250.50 a month, and 0.15% on supermarkets, fuel, bills and school fees themselves.

Annual fee AED 418.95, including VAT (FAB's GEMS page quotes AED 399 before VAT). No joining fee. The annual fee is waived if you spent at least AED 24,000 on the card in the previous year, not counting educational spending. Customers new to FAB pay no annual fee in the first year (see the offer).

Spending abroad costs about 3.89% all in: FAB's international transaction fee of up to 2.74% (VAT included, FAB Key Facts Statement September 2026), charged on AED and non-AED transactions abroad alike, plus about 1.15% for Mastercard, which is Perkly's standard estimate because FAB's tariff says '+ scheme charges' without a figure. International spending earns about 2%, and Perkly has no record of a lower rate in the UK or Europe.

School fees themselves earn only 0.15%; the 10% is for school extras such as bus, canteen, uniform and activities, up to about AED 250.50 a month. The 3% GEMS tuition discount is gone for this academic year: the best tier still open is 1.65% on the second and third terms paid by 31 December 2026. Supermarkets, fuel and bills earn only 0.15%.