Ajman Bank LIFE World Cashback: Cashback with eligible dining spending. FAB Cashback: Consistent grocery and dining spending. Start with eligibility, reward use and total recurring cost.
Same AED 10,000 monthly budget, paid in full. Net value is eligible rewards plus qualifying welcome offers, less modelled card, joining and plan fees. FX charges, borrowing costs and unpriced perks are excluded.
AED 3,000 in the preceding month; check below-gate earning
FAB Cashback has the higher ongoing modelled value by AED 960 a year on this AED 10,000 monthly budget. This is an estimate using the stated redemption assumptions, not a personal recommendation or guaranteed saving.
A higher estimate does not establish eligibility. Restricted points and miles need a redemption you can use. Benchmark calculated 2026-10-29; product terms retain the review dates below. Negative values show fees exceeding modelled rewards.
Conditional welcome and campaign value included: AED 1,000. It requires the bank’s new-customer, application-date and spending conditions; it is not a guaranteed payment.
Published renewal fee used; unverified discretionary or relationship waivers are excluded.
AED 600 + 5% VAT = AED 630. First-year fee waiver requires AED 5,000 retail spend within 60 days of issuance. An ongoing annual renewal waiver is not established.
Uses statement-cycle gate, separate dining/foreign caps and shared other-retail cap for Platinum. Government, insurance and instalment purchases are excluded. No assumption that every online shop qualifies for merchant-specific 10%.
FAB Cashback assumptions
Conditional welcome and campaign value included: AED 0. It requires the bank’s new-customer, application-date and spending conditions; it is not a guaranteed payment.
Published renewal fee used; unverified discretionary or relationship waivers are excluded.
General shopping uses the base rate because fashion MCCs cannot be identified from the generic shopping input. Previous-calendar-month threshold, total cap and issuer-approved credit-limit restriction apply.
A lighter budget can miss a spending gate; a bill-heavy budget can earn reduced rates. These examples use the same rules as the personal selector.
Compare three example budgets
Light everyday · AED 3,000/month
Ajman Bank LIFE World CashbackOngoing net / year: -AED 630.00
FAB CashbackOngoing net / year: AED 734.4
FAB Cashback has the higher ongoing modelled value by AED 1,364.4 a year on this AED 3,000 monthly budget. This is an estimate using the stated redemption assumptions, not a personal recommendation or guaranteed saving.
Ajman Bank LIFE World CashbackOngoing net / year: AED 1,710
FAB CashbackOngoing net / year: AED 2,670
FAB Cashback has the higher ongoing modelled value by AED 960 a year on this AED 10,000 monthly budget. This is an estimate using the stated redemption assumptions, not a personal recommendation or guaranteed saving.
Ajman Bank LIFE World CashbackOngoing net / year: AED 2,250
FAB CashbackOngoing net / year: AED 3,354
FAB Cashback has the higher ongoing modelled value by AED 1,104 a year on this AED 10,000 monthly budget. This is an estimate using the stated redemption assumptions, not a personal recommendation or guaranteed saving.
Check approval criteria, payment-channel exclusions, fee waivers and the benefits you plan to use. Product-source dates are shown separately; this comparison is not bank approval.
Ajman Bank LIFE World Cashback: benefit conditions and official sources
Perks and exclusions
Lounges: Platinum page mentions 25+ regional lounges. World tier travel rules to be confirmed.
Cinema: No current offer verified.
Official product page salary criterion AED 10,000.
Platinum monthly caps: merchant 50/dining 50/snacks 50/other 50; World merchant 100/dining 100/foreign 100/snacks 100; World other retail 1% beyond these caps.
April 2026 terms expressly include restaurant MCCs 5811/5812/5814/7011, so QSR belongs in the dining rate; no need to exclude all Dining.
Utilities are conservatively zero because government-coded payments are excluded.
Monthly period is statement cycle 11th to 10th, not calendar month. Assume steady spending each cycle.
Do not sum the separate 50% refreshments benefit into Dining; it refers to cinema/entertainment MCCs 7832/7929/7911.
Bank foreign-currency processing margin includes 5% VAT in the displayed percentage. Visa/Mastercard scheme processing and exchange-rate effects can be additional.
New LIFE World welcome cashback AED 1,000 requires AED 10,000 qualifying purchases within 60 days of issuance. The model assumes the published new-customer offer applies; confirm it in your issued offer. Excluded financing, instalment, reversal and refund transactions do not count.
FAB Cashback: benefit conditions and official sources
Perks and exclusions
Lounges: Up to 8 annual visits for cardholder and 6 for guest; qualifying transaction and network conditions apply
Cinema: Four AED 20 standard 2D tickets monthly at Reel, Cine Royal and Star Cinemas after AED 3,000 monthly spend; below-threshold discounts can be charged back.
Published AED 300 annual fee is modelled as AED 315 including 5% VAT.
AED 3,000 spend in the preceding month unlocks rewards. A new card is modelled with no rewards in month one, then 11 qualifying months.
Groceries and dining each capped at AED 150 monthly; total cashback capped at AED 1,000 or rewards earned up to the credit limit.
Education and utilities are modelled at the published select-category rate of 0.15%; merchant classification and bank-channel exclusions apply. Fuel is modelled as other eligible retail at 1%.
Fashion also earns 5%, capped AED 150/month; generic Online Shopping input does not imply fashion eligibility.
Conventional FAB international transaction fee is up to 2.61% plus VAT and scheme charges; 2.7405% represents the bank fee after 5% VAT, excluding scheme charges. FAB Islamic publishes a separate VAT-inclusive schedule.
Current October 2026 terms confirm the preceding-calendar-month spend gate; international currency takes precedence over the domestic 5% category rate.
