General
| Payment due date |
21 days from statement date |
| Minimum payment due |
5% or AED 100 whichever is higher as mentioned in the statement of account. For the Titanium Life card and Skyy Miles Visa credit cards the minimum payment due is 10% or AED 100 whichever is higher as mentioned in the statement of accounts. |
Fees
| Credit Card |
|
| Annual Membership fee |
First Year |
Renewal |
| Skyy Miles Exclusive Visa Infinite Card |
AED 1500 |
AED 1500 |
| Skyy Miles Visa Platinum Card |
AED 750 |
AED 750 |
| Silver Visa Card |
AED 200 |
AED 200 |
| Gold Visa Card |
AED 400 |
AED 400 |
| Classic MasterCard |
AED 200 |
AED 200 |
| Gold MasterCard |
AED 400 |
AED 400 |
| Emirati Card |
AED 750 |
AED 750 |
| Titanium Life Card |
AED 400 |
AED 400 |
| DPG Platinum Card |
Free |
AED 500 |
| Supplementary Card |
NIL |
NIL |
| Card Replacement Fee |
AED 50 |
| Over Limit Fee |
AED 199 |
| Late Payment Fee |
AED 199 |
| Cash Advance Fee(Includes Transactions at Exchange houses) |
3% of cash advance amount or AED 60 whichever is higher |
| Liability Letter Fee Credit Card Quick Cash |
AED 100 AED 100 |
| No Liability Letter Fee |
AED 100 |
| Check Photocopy Less Than One Year Over One Year |
AED 10 AED 20 |
| Reference Letter |
AED 50 |
| Sales Draft Copy |
AED 25 |
| Duplicate Statement Fee Current Oldest |
Free AED 25/statement |
| Dial-a-Cheque |
1% of cheque amount or AED 25 whichever is higher |
| Credit Sheild |
0.89% on the outstanding amount |
| Cheque Issuance Fee |
AED 20 |
| Cheque Reissuance Fee |
AED 20 |
| Returned Cheque Fee |
AED 100 |
| Stop Cheque Payment |
AED 150 |
| Transaction Dispute Charges |
AED 25 |
| Courier Fees* |
AED 20 |
| SMS Notification** |
AED 3 per month |
| Processing Fee For Non-AED Transactions |
Upto 3% |
| |
Personal Loan
|
|
| Personal Loan Processing Fee |
1% (Min 500 and Max 2500) |
| Personal loan Interest Rate (Reducing Balance) |
19.99%-25.99% |
| Insurance |
1.50% |
| Early Settlement (Own Funds) |
1% |
| Early Settlement (Buyout) |
1% |
| Partial Payment |
1% of the partial payment amount |
| Loan Top-up |
1% (Min AED 500 and Max AED 2500) |
| LatePayment Interest |
2% (Min AED 50 and Max AED 200) |
| Loan Cancellation Fee |
AED 100 |
| Loan Re-scheduling |
AED 250 |
| Liability Letter |
AED 100 |
| Return Cheque |
AED 100 |
| Loan Deferment |
AED 100 |
| |
|
| *Courier Fees will be levied subject to customer's explicit for documents to be couriered to him/her. Whenever the standard service suggests, documents will either be collected from the branch or posted through regular mail. |
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
| Monthly finance charge |
Variable between 2.69%-3.29% |
Initial finance charges 2.69% monthly will be applicable for the first 3 months of your membership.
Every 3 months we will review your payment history and determine your monthly finance charge for the next 3 months based on the table shown below
| Average payment over past 3 months as a % of outstanding balance |
Monthly finance charge for the next 3 months |
| 5% to 40% |
2.99% |
| more than 40% to less than 85% |
2.89% |
| 85% or over |
2.69% |
Your monthly finance charge may increase to 3.29% for any of the following reasons :
- We do not receive at least the minimum payment by the payment due rate;
- You exceed your credit limit;
- You make a payment to us that is not honored 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 April 2011.
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