▲ 27 r/UAEcreditcards
Tabby 3.0 updates
tabby shared some updated T&C tabby.ai/en-AE/legal/kfs-card/3.0.0
Key differences
1) Rollover fee (major increase)
- v2: up to 6% [tabby 02 | PDF]
- v3: up to 12% (risk-based) [tabby 3 | PDF]
✅ Impact:
- Potential 2x increase in cost for revolving balances
- Now explicitly tied to risk profile / credit history
2) Installment (payment plan) pricing – significantly higher cap
Out-of-network purchases
- v2:
- 4 installments: 3–5% fee [tabby 02 | PDF]
- Longer plans: up to 15% [tabby 02 | PDF]
- v3:
- Up to 12 installments
- Fees up to 22% [tabby 3 | PDF]
✅ Impact:
- Substantial increase in maximum borrowing cost
- More flexibility (up to 12 installments), but at higher cost
3) Fee structure change (example in illustration)
- v2: installment fee example = AED 240 upfront [tabby 02 | PDF]
- v3: installment fee example = AED 50 spread into installments [tabby 3 | PDF]
✅ Impact:
- Shift from upfront fee → distributed fee model
- Likely improves user cash flow perception
4) Collection (late) charges – higher penalties
| Balance | v2 max fee | v3 max fee |
|---|---|---|
| AED 0–500 | 40 | 60 |
| AED 501–2000 | 60 | 100 |
| AED 2000+ | 100–200 | up to 200 |
[tabby 02 | PDF], [tabby 3 | PDF]
✅ Impact:
- Clear increase in late payment penalties
- APR in example scenarios
- v2:
- Example APR: 32% for installment case [tabby 02 | PDF]
- v3:
- Example APR: 40.33% [tabby 3 | PDF]
✅ Impact:
- Indicates higher effective borrowing cost
6) Autopay / repayment mechanics (expanded)
- v2:
- Basic autopay (minimum/full balance) [tabby 02 | PDF]
- v3:
- More detailed auto-repayment options
- Includes:
- Auto top-up for insufficient funds
- Multiple retries after due date [tabby 3 | PDF]
✅ Impact:
- More automated recovery of dues
- Potentially more aggressive repayment enforcement
7) Minimum repayment definition update
- v3 adds:
- Explicit inclusion of payment plan fees in minimum due [tabby 3 | PDF]
✅ Impact:
- Minimum payment becomes higher and more inclusive
u/Aroonz123 — 15 hours ago