Etimad AlMubabrak credit card (Full payment of account balance at the end of each month)

* Including the Value Added Tax VAT

Al Mubarak Credit Cards

Fees: The customer agrees that the relevant clause, of the following three clauses of charges and accounting records, will apply to him according to the product type selected in the application for the card:

1. Classic option 1: When the customer applies for Al Mubarak Classic Credit Card for a limit of maximum SR 7,500. In this case, the cardholder agrees to pay a monthly minimum equivalent to 5% of the card’s total outstanding balance or SR100 whichever is higher. The remaining balance, if there is any, will be carried over to the next month without any fees, commissions or service charges. The cardholder agrees as well that monthly management fees of SR 86.25 * will be debited from each primary card’s account, while the card is valid or still has an outstanding balance. The primary cardholder also commits to pay a one-time issuance fee of SR 172.50 * for each supplementary card that has been issued on the primary card account. The cardholder agrees that a management service charge of SR 86.25 * will be debited from each account of the primary and the supplementary cards for every cash withdrawal transaction (Maximum transaction limit SR 5,000). While an annual membership fee of SR 172.50 * & a management fee of SR 149.50 * will be charged to cardholder who does not have a salary assigned with ANB, in addition to the above stated charges.
2. Classic option 2: When the customer applies for Al Mubarak Classic Credit Card for a limit of maximum SR 15,000. In this case, the cardholder agrees to pay a monthly minimum equivalent to 5% of the card’s total outstanding balance or SR 200 whichever is higher. The remaining balance, if there is any, will be carried over to the next month without any fees, commissions or service charges. The cardholder agrees as well that monthly management fees of SR 149.50 * will be debited from each primary card’s account, while the card is valid or still has an outstanding balance. The primary cardholder also commits to pay a one-time issuance fee of SR 172.50 * for each supplementary card that has been issued on the primary card account. The cardholder agrees that a management service charge of SR 86.25 * will be debited from each account of the primary and the supplementary cards for every cash withdrawal transaction (Maximum transaction limit SR 5,000). While an annual membership fee of SR 287.50 * & a management fee of SR 149.50 will be charged to cardholder who does not have a salary assigned with ANB, in addition to the above stated charges.
3. Al Mubarak Gold: When the customer applies for Al Mubarak Gold Credit Card for a limit of maximum SR 20,000. In this case, the cardholder agrees to pay a monthly minimum equivalent to 5% of the card’s total outstanding balance or SR 300 whichever is higher. The remaining balance, if there is any, will be carried over to the next month without any fees, commissions or service charges. The cardholder agrees as well that monthly management fees of SR 189 * will be debited from each primary card’s account, while the card is valid or still has an outstanding balance. The primary cardholder also commits to pay a one-time issuance fee of SR 172.50 * for each supplementary card that has been issued on the primary card account. The cardholder agrees that a management service charge of SR 86.25 * will be debited from each account of the primary and the supplementary cards for every cash withdrawal transaction (Maximum transaction limit SR 5,000). While an annual membership fee of SR 402.50 * & a management fee of SR 189 * will be charged to cardholder who does not have a salary assigned with ANB, in addition to the above stated charges.
4. International Transaction Fee: International transactions will incur a fee of 3.16%* of transaction value.

Example:

• For POS International Transaction Amount: 1,000 US Dollar. Conversion rate: 3.775 (Liable to change as per prevailing daily rates). Profit Margin on International Transaction Amount = SAR 3,775 X 3.16% = 3.89429

Total value of International Transaction = SAR 3,894.29

• For ATM International transactions we add transactions fee which is SAR 86.25*.

* including the value added tax

Annual Percentage Rate (APR):