FAQs for Qassit Credit Card


What is “Qassit” Card?
It is a credit card that allows you to shop and withdraw cash according to your needs. It also enables you to purchase products or withdraw cash and pay them in convenient installments later.
Is “Qassit” a Shariah compliant card?
All our products are Shariah compliant, including the “Qassit” Card.
What is the profit margin of the basic amount used?
There is no profit margin or extra charges; you are entitled to install your payments without any extra charge or profit.
How is the monthly installment calculated?
Monthly installments are calculated according to the following: SR 300 or 10% of the due amount without any additional cost or profit.

Example 1

(A “Qassit” Credit Card holder has a limit of SR 4,000):

If at the start of the month the customer spends a value amount of SR 1,800 from his credit limit, then at the beginning of the billing cycle (every 30th of the month), the system calculates the installment as follows:

10% of 1,800 is equal to SR 180. Therefore, the minimum due amount is SR 300 because it is greater than 180. In this case, he still owes SR 2,500. After he pays the minimum due amount (SR 300 in this case), his credit limit for the following month will be: (4,000 - 1,800 + 300 -) = SR 2,500 (any paid amount will be refunded to the card’s account).

If in the next month the customer spends the value amount of SR 2,000 from his card’s credit limit, then at the start of the billing cycle (every 30th of the month), the system calculates the installment as follows:

10% of the total due amount (1,500 + 2,000 = SR 3,500) = SR 350. So, the minimum limit due is SR 350 because it is greater than SR 300 and so on…

Example 2:

(A “Qassit” Credit Card holder has a limit of SR 4,000):

If at the start of the month the customer spends a value amount of SR 3,500 from his credit limit, then at the beginning of the billing cycle (every 30th of the month), the system calculates the installment as follows:

10% of 3,500 is equal to SR 350. Therefore, the minimum due amount is SR 350 because it is greater than SR 300. In this case, he still owes SR 3,150.

After he pays the minimum due amount (SR 350 in this case), his credit limit for the following month will be:
(4000 – 3500 + 350) = SR 850 (any paid amount will be refunded to the card’s account) and so on…

What are the cash withdrawal fees?
If cash withdrawal is done through an Al Rajhi ATM, the fee is only SR 16 for each withdrawal transaction. However, if cash withdrawal is done through another bank’s ATM, the fee is SR 25 per withdrawal.
What is the monthly cash withdrawal limit for a “Qassit “Card?
It is 50% of the credit limit.
Does getting a “Qassit” Card enable me to enjoy the Reward Program like for all the other Al Rajhi Credit Cards?
Yes. It offers the same benefits as all the other cards..
Do I have to transfer my monthly salary to Al Rajhi Bank to get the “Qassit” Card?
Yes. You have to transfer you salary to Al Rajhi Bank.
Do I have to open a current account with Al Rajhi Bank?
Yes. It is a very easy process and you can take care of it by visiting one of our branches.
Can I settle my installments early and if I do, how do I benefit?
Yes you can. By doing so, you benefit only as far as paying the installments early since they are initially defined without any profit or additional cost.
Is the salary transfer application required from both the public and private sectors’ employees?
Yes. It is required.

Did You Know? We were the first bank to launch an infinite card.