Schedule of Charges
(With effect from October 2013)
General
Payment due date
26 days from statement date
Minimum payment due
5% or AED 100 whichever is higher as mentioned
in the statement of accounts. For the Titanium Life
card and Skyy Miles credit cards the minimum
payment due is 10% or AED 100 whichever is higher
as mentioned in the statement of accounts.
Credit Card
Annual membership fee
Skyy Miles Exclusive Visa Infinite Card
AED 1,500
Skyy Miles Visa Platinum Card
AED 750
Skyy Miles Titanium Card
AED 400
Silver Visa Card
AED 200
Gold Visa Card
AED 400
Classic MasterCard
AED 200
Gold MasterCard
AED 400
Emirati Card
AED 750
Titanium Life Card
AED 400
Supplementary Card
NIL
_______________________________________________________________________
Card Replacement Fee
AED
50
_______________________________________________________________________
Over
Limit
Fee
AED
199
_______________________________________________________________________
Late Payment Fee
AED 199
_______________________________________________________________________
Cash Advance Fee
3% of cash advance amount or
(Includes transactions at exchange houses)
AED 60 whichever is higher
_______________________________________________________________________
Liability Letter Fee
AED 100
_______________________________________________________________________
No Liability Letter Fee
AED 100
_______________________________________________________________________
<=1 Year
> 1 Year
Cheque Photocopy
AED 10
AED 20
_______________________________________________________________________
Reference
Letter
AED
50
_______________________________________________________________________
Sales Draft Copy
AED
25
_______________________________________________________________________
Current
Previous
Duplicate Statement Fee
FREE
AED
25/Statement
_______________________________________________________________________
1% of cheque amount or
Dial-a-Cheque
AED 25 whichever is higher
_______________________________________________________________________
Credit Shield
0.89% on the outstanding amount
_______________________________________________________________________
Cheque Issuance Fee
AED
20
_______________________________________________________________________
Cheque
Reissuance
Fee
AED
20
_______________________________________________________________________
Returned Cheque Fee
AED 100
_______________________________________________________________________
Stop Cheque Payment Fee
AED
50
_______________________________________________________________________
Transaction Dispute Charges
AED
25
_______________________________________________________________________
Courier Fee*
AED
20
_______________________________________________________________________
SMS Notification**
AED
3 per month
_______________________________________________________________________
Processing Fee For Non-AED Transactions
Up to
3%
*Courier Fee will be levied upon customer's explicit request for documents to be
couriered. Wherever the standard service suggests, documents will either be collected
from the branch or posted through regular mail.
**Skyy Miles Visa cardmembers are exempt from SMS notification fees.
Schedule of Charges
(With effect from October 2013)
Special Payment Plans
Flat monthly interest rate
Tenure (months)
3
6
9
12
18
24
36
_______________________________________________________________________
Loan on phone
1.20% 1.20% 1.20% 1.10% 1.10% 1.10% 1.10%
_______________________________________________________________________
Easy
purchase
plan
0.99% 0.99% 0.99% 0.99% 0.99% 0.99% 0.99%
_______________________________________________________________________
Balance transfer
1.50% 1.40% 1.30% 1.30% 1.30% 1.30% 1.30%
_______________________________________________________________________
Early settlement fee
AED 100
(plus applicable interest charges)
_______________________________________________________________________
Processing fee for loan on phone
1% or AED 100 whichever is higher
Finance Charges
Category
Monthly Finance Charges
____________________________________________________________________________
Retail Balance
Variable between 2.89%-3.39%
____________________________________________________________________________
Cash Balance
Variable between 2.99%-3.49%
For the first 3 months, finance charges on your outstanding retail and cash balances will
be 2.89% and 2.99% per month respectively.
Subsequently, your payment history would be reviewed every 3 months, in order to
determine applicable monthly finance charge for the next 3 months as illustrated below:
Average payment over
Monthly finance charge
Monthly finance charge
past 3 months as a % of
for the next 3 months
for the next 3 months
your total payment due
(Retail Balance)
(Cash Balance)
____________________________________________________________
85% or over
2.89%
2.99%
____________________________________________________________
more than 40% to
less than 85%
3.19%
3.29%
5% to 40%
3.29%
3.39%
____________________________________________________________
Monthly finance charge on your retail and cash balances may increase to 3.39%
and 3.49% respectively due to any of the following reasons.
•
•
•
The minimum payment due is not received by the payment due date
Your credit limit is exceeded
The payment towards your credit card account is not honoured by your bank
Terms and Conditions
Use of Dubai First credit cards will be governed by credit card terms and
conditions. For more information please call us on (04 506 8888). All
charges are subject to change from time to time at the sole discretion
of Dubai First. This schedule of charges is applicable only to the products
listed above and does not include all Dubai First credit cards. The above charges
apply from October 2013.