| Minimum Salary | Salary Transfer | Islamic Finance | Cashback | Annual Fee | Rate | |
|---|---|---|---|---|---|---|
SABB - Visa 'My Card' Credit Card
|
Minimum Salary: SAR 0 | Salary Transfer: No | Islamic Finance: Yes | Cashback: No | Annual Fee: SAR 57.5 | Rate: 0% |
Would you like to get a credit card that gives you total control over your expenses? SABB’s Shariah-compliant "My Card" Credit Card enables you to shop at point-of-sale or online without the need to carry cash.
Features
- Ability to repay credit card (with maximum monthly limit of up to 100,000) using SABBNET or calling SABB Direct
- Universal acceptance at point-of-sale (locally and internationally) and online
- Safe and secure shopping online with SABB’s 3D Secure service
- A better way to control your expenses
- SMS alerts after every transaction
- Credit Card statement received in electronic format only (E-Statements)
- Telephone and Internet banking services
Unique Features
- No employment confirmation letter from employer required
- Verification of employment period not required
- Bank account statement is not required
- No minimum income required
- The card is issued with a maximum credit limit of SAR 50
Additional Information
Fees & Charges:
- One-time processing fee: SAR 50
- Credit Limit: SAR 50
- Lost Card Replacement: SAR 50
** 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.
