SME Revolving Signature Credit Card

Flexible Monthly Payment

Are you thinking of getting a fully Sharia Compliant Credit Card having a high limit with a flexible repayment?

alrajhi bank introduces the Signature Credit Card based on Murabaha finance to offer you the ultimate flexibility and many unique features.

This credit card is based on giving you a fully Sharia compliant finance, allows you to deposit the funds in your card account to use it on purchases or cash withdrawals.

Features

Free additional cards for your employees, give them the same features and benefits as per your primary card. In addition to:

Enjoy the Flexibility of Paying as Low as 5% of your monthly card statement.
Controlling the credit limit of the additional card.
Resetting the credit limit of the additional card.
Sending notifications and verification codes directly to the additional cardholder.
Local & International cash withdrawal up to 30% of your credit limit.
Accepted at over 30 million local & international POS including 900,000 ATMS worldwide.
Near-field Communication (NFC), madaPay, mada Atheer and Apple Pay services, make your payments by simply waving or tapping your card on the POS terminal.
Instant Discounts, Enjoy a unique collection of offers and experiences across travel, dining, wellness and more with your Signature Credit Card.

Travel:

Airport Services:

Enjoy Access At Over 1000 Airport Lounges Globally Though “Lounge Key” Program And Up To 30% Discount On Meet And Greet At Over 500 Airports.

Hotel:

Exclusive perks with Kiwi Collection, the world’s largest and most diverse and curated collection of luxury hotels including:

Automatic room upgrade upon arrival, when available
Late check-out upon request, when available
$25 USD food or beverage credit
Complimentary continental breakfast daily

24/7 global Concierge services that can assist you with your needs flights bookings, hotels, car rental, and events tickets etc. Please call +97143611234 or +442078502829 or through WhatsApp services +447874023129 to take advantage of this service.

Protection:

Complimentary Multi-trip Travel Insurance (MTTI) program include:
Personal accident coverage up to US$500,000
Emergency Medical Expenses up to US$ 500,000
Travel delay US$ 42 per hour up to US$ 1000
Baggage delay US$ 42 per hour up to US$ 500
Purchase protection lost, stolen or damaged goods purchased using credit cards.
Extend your warranty on eligible purchases
“Visa Checkout” The Easier Pay Online Service
3D Secure, more secure than cash, 3D secure uses a verification process

Fees and Charges

Schedule of Charges*	fee
Card Issuance Fee	SAR 200
Card Annual Fee	SAR 200
Additional Card Fee	Free
Monthly Profit Rate	2.20%
Statement Request Fee	SAR 0 (12 months available on app)
Additional fee on International Transactions	2.75%
Card Replacement Fee	SAR 50
Cash Withdrawal Fee	SAR 75
Dispute Transaction Charge	SAR 50

*All Fees and charges listed above are excluding VAT

Frequently Asked Questions:

What is the Islamic concept used for the card?

The card is based on Murabaha financing wherein purchase and sale of commodity is consented by the customer for the issuance of card.

Is there any interest or profit charges on the card?

The Card offers profit rate of 2.2% per month as a part of monthly Murabaha installment on your Card. However, upon full payment of your outstanding on due date, full rebate equivalent to your installment will be credited into your Card account. This way the impact of profit is void

Once I receive the card, how can I start using it?

Upon receiving the Card from courier, you need to activate it by logging into alrajhi business or calling our toll free number. Since this Card is secured by “Chip & Pin” feature, you also need to setup your PIN code while activating your Card.

Can I use my card for online shopping?

Yes. Card is secured by “Verified by VISA (VbV)” for online shopping & purchases you make.

Does the card allow me to access the VIP lounges globally through “Lounge Key Program”

Yes, you can enjoy access at over 1000 airport lounges globally though “Lounge Key” Program

How do I pay my card bill?

A minimum 5% of your bill will be deducted automatically from your current account. However, you can pay any amount against your Card bill online via Al Mubashar using “advance payment” option.