| Minimum Salary | Salary Transfer | Islamic Finance | Cashback | Annual Fee | Rate | |
|---|---|---|---|---|---|---|
Al Awwal Bank - Platinum Credit Card
|
Minimum Salary: SAR 15,000 | Salary Transfer: No | Islamic Finance: No | Cashback: No | Annual Fee: SAR 600 | Rate: 2.67% |
The wide range of credit cards is designed to match your needs and lifestyle. Whether you want to pay for your purchases and collect rewards or get discounts, or you want to be treated with privileges when you travel, or you desire to receive exclusive personal services,
Features
- Free of Annual Fee for the first year
- 0% profit for 3 months on balance transfer
- Option to pay your purchases in installments over 3, 6, 12 up to 60 months
- Free supplementary cards for family members
- SHB Reward points program “Tedallal”
- Secure online shopping, smart chip, and instant SMS notification
- Cash on Demand by transferring from your card to your account with a call or online
- Pay your bills with your credit card through SADAD
- Discounts and offers from various brands
Representative Example
If you spend SAR 1,200 at a purchase interest rate of 18.9% (variable) your representative APR will be 18.9% (variable).
** Calculator Definitions
Amount:
The total amount of money borrowed, also referred to as the principal amount.
Rate (%):
This is the annual interest rate on the product which is equivalent to APR, which is going to be calculated in this example.
Years:
This is the original term or length of the product, stated in years.
Effective Monthly Payment:
This is the effective monthly payment, which takes into consideration fees and other costs associated with this product. The effective monthly payment is the basis for the APR calculation.
Calculated Annual Percentage Rate (%):
The Calculated Annual Percentage Rate (APR) is determined using the annual interest rate of the product plus fees and other costs. This rate may differ from bank to bank. APR is useful when comparing two or more products with different interest rates and fee structures.
