Credit Card

More than just a Credit Card, the meem Platinum Credit Card is for those who value reliability

With no hidden fees, our Shariah Compliant Credit Card offers you the luxury of

knowing your commitment upfront, without any surprises

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For New Customers

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For Existing Customers

Features

meem As'hal Program

Convert your purchases into installments from 0%

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Near Field Communication (NFC)

Fast point of sale Transactions

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ajeeb Rewards Program

Credit Card Reward Program

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Up to 30% Cash Withdrawal from total available balance

Switch on ``Safe-Mode`` on your card when it’s not needed

Our Credit Card is Shariah Compliant

PCI DSS compliant

We offer competitive FX rates making meem Credit Card a perfect companion for travel

Airport lounge access to over 25 lounges globally

Customer Eligibility and Conditions:

Product

Credit Card

Nationality

Saudi

Expatriates

Fulfilment

STP: If the customer has provided a GOSI certificate

OnePack a/c held

Yes

Minimum age at commencement (Years-G)

18

Maximum age at maturity (Years-G)

Employed: Retirement age
Retired: 70

Minimum salary (SAR)

Government & semi-government: 2,500
Employer A & B & C: 2,500
Employer D: 3,500
Retired: 1,900

Government & semi-government: 4,000
Employer A & B & C: 4,000

Minimum current employment period

1 Month

3 Months

Minimum existing SIMAH history

No requirement for minimum credit history for any borrower

Minimum credit limit (SAR)

 2,000

GDBR (as per SAMA Responsible Lending Principles)

*subject to confirmation of the applicant completing their probation period if their current employment period is less than 6 months

Schedule of Fees & Charges:

Credit Card* Charges
Annual fee primary card SAR 350.00
Annual fee supplementary card SAR 50.00
Late payment fees** SAR 100.00
Credit card re-issue SAR 30.00
Cash advance fees:
For cash advance up to SAR 5,000 SAR 75.00
For cash advance greater than SR 5,000 3% of the transaction amount and subject of a maximum of SAR 300 .00
Credit card dispute fee (if wrong dispute) SAR 50.00
Account of Balance enquiry on ATM Free
FX rate 2.5%
  • The fees and charges mentioned above are excluding 15% value added tax.
  • * The collected late payment fees are paid on your behalf for charity activities as per the guidelines and supervision of the Shari’ah Supervisory Board.
  • ** No annual fees for the first year, meem Credit Card remains free for life against a minimum spend of SAR 24,000 per annum (SAR 2000 monthly) from the date of the card’s issuance
  • If the minimum spends required are not met, annual fees for the subsequent year will be applied
  • meem Credit Card must be activated within 45 days of issuance
  • * Terms and conditions apply

Illustration:

Annual Percentage Rate (APR) Monthly Profit Rate Minimum Repayment Amount  Months until Balance Repaid
With fee* 47.1% 2.75% 5% 153 months
Without fee** 36.3% 2.75% 5% 94 months
  • *If a customer only makes minimum payments on an initial outstanding principal balance of SAR 10,000/- it will take the customer 13 years to repay in full of a Total profit margin of SAR 14,023/- and Annual Fee of SAR 4,550/- assuming there are no charges, like late payment fee and no further spending and considering Annual profit margin at the rate of 33% and Annual Fee of SAR 350
  • ** *If a customer only makes minimum payments on an initial outstanding principal balance of SAR 10,000/- it will take the customer 8 years to repay in full of a Total profit margin of SAR 9,579/- assuming there is no annual fee and no charges, like late payment fee and no further spending and considering Annual profit margin at the rate of 33%

Price or calculation is subject to change depending on the influencing factors such as consumer’s credit records

Apply Now

For New Customers

Apply Now

For Existing Customers