| Minimum Salary | Salary Transfer | Islamic Finance | Cashback | Annual Fee | Rate | |
|---|---|---|---|---|---|---|
ANB - Ferrari Low Limt Card
|
Minimum Salary: SAR 20,000 | Salary Transfer: No | Islamic Finance: Yes | Cashback: No | Annual Fee: SAR 500 | Rate: 2.75% |
Welcome to the world of Ferrari, exclusively from ANB in Saudi Arabia
If you are looking for a credit card that makes a statement about you, then look no further than the Ferrari Credit Card. The card is an Al Mubarak Plus Visa Platinum, Shariah compliant, based on Tawaroq. With a full range of Ferrari features and benefits offered exclusively by ANB, it is the right choice for you.
Features
- Free Scuderia Ferrari online community membership
- Special discounts in online Ferrari store and selective Ferrari stores
- Complimentary access to Participating airport lounges
- Worldwide discounts and special promotions
- Free Purchase protection & Extended warranty
- Instant SMS notification for every transaction
- Get a chance to win Ferrari experiences
- Settle credit card outstanding on all local banks SADAD payment channels
Additional Information
Documents Required:
- A clear enlarged copy of your ID Card
- Ferrari low-limit Application Form
- Non ANB Customers: 200 SR
- ANB Customers: 150 SR
- Youth Segment between (18-24 years): 100 SR
Representative Example
If you spend SAR 1,200 at a purchase interest rate of 2.75% (variable) your representative APR will be 2.75% (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.
