UAE’s retail conglomerate Majid Al Futtaim has teamed up with First Abu Dhabi Bank to launch the FAB SHARE credit card that allows all members of its SHARE rewards programme to earn up to 8.25 per cent value back in SHARE points.
SHARE members can use these points while shopping in more than 3,500 outlets at the Mall of the Emirates and all City Centres across the country.
CCO at Majid Al Futtaim Holding, Charles Awad, said: “With three million members now enjoying our SHARE benefits, the launch of the FAB SHARE Credit Card signals the start of an exciting new chapter for SHARE and its members.
“By partnering with FAB, an industry-leading bank, we are proud to be offering our customers the highest value back across all of their spend; unlimited, anywhere in the UAE and worldwide.
“Our aim, in line with our company vision, is to give people across the region, more great moments every day to enjoy across our entertainment venues and shopping destinations. Over the coming months, we look forward to delighting our customers even more by introducing new experiences and rewards.”
With the FAB SHARE credit card, customers can receive a limitless number of SHARE points on every AED1 they spend at various retailers, including: a maximum of 7 per cent of value back at Carrefour; a maximum of 6.25 per cent value at Mall of the Emirates and City Centres across the UAE; and, a maximum of 2.75 per cent value back in SHARE points on international and online shopping.
Group head of consumer banking at FAB, Futoon AlMazrouei, said: “We are excited to work with one of the UAE’s leading retail groups to bring this unique credit card proposition to FAB and Majid Al Futtaim customers.
“The exceptional offering of uncapped Majid Al Futtaim SHARE points and rewards will give cardholders unrivalled benefits across some of the UAE’s leading retail and leisure brands, from groceries to cinema tickets, creating extra value with everyday spending. FAB is also offering added peace of mind by integrating first-in-the-UAE biometric security features for safer, faster transactions, in line with our commitment to driving innovation and providing customer-first products and services.”
The FAB SHARE Credit Card will come in three tiers — Standard, Platinum and Signature. As a bonus, new signees get up to 15,000 complimentary SHARE points worth AED1,500, plus a chance to win their shopping back up to a maximum of AED1,000 for one member each month.
Majid Al Futtaim’s rewards programme SHARE started in August.