Samba Charge Cards
Minimum Salary
Profit Rate
SR 3000 if salary transferred to
Samba and SR 6000 if salary is not
transferred to Samba.
There is a rate of 0% monthly
applicable on the outstanding
amount on the card…full
balance is due in each cycle.
FX Rate
Cashback
The margin on the 'sell' rate of
exchange for purchases in an
international currency is 2.75%
No
Balance Transfer
Emergency Cash
No
No
CHIP Enabled
Fraudulent transactions
This credit card is CHIP enabled
Cardholders are liable for all
transactions completed up until
the time of reporting
unauthorised usage, subject to
a maximum of SR-Credit limit.
Minimum Repayment
Opening Credit card account
Your application for a credit
The minimum monthly repayment is
card will be decisioned within
100% of total amount showing due
(7) business days of receipt
Profit rate calculation
Islamic
Rewards
Profit rate is calculated on a daily
basis on the outstanding balance
This is a Shariah
not fully paid by the payment due complaint credit card
date
Profit-free days
No
SR 7 per month
Cash Advance Fee
Cash advance margin
The fee chargeable when cash is
The number of days for payment
withdrawn by ATM or 'over the
of the amount due before a fee or
counter' is SR75 .This applies to KSA
margin is charged is 21
only*
Emergency Card
Where an international cash withdrawal
is made, the foreign exchange margin is
2.75%
Emergency Fees
Additional Cards
An emergency replacement card is
The fees for availing of the
available within 24 hours of
emergency cash or emergency
request and subject to approval - replacement card is SR0, excluding
YES
any foreign exchange costs for cash
Features
Introductory rate
No
No
Closing Credit card account
Direct debit payment
Annual Fee
A maximum of 4 cards are permitted on
this account, subject to a fee of SR0 For
each additional card
Customer Support
A (24)hour freephone service (KSA
8001242000, Overseas +966114797400)
is available to:
- report lost/stolen cards
- request emergency service
- manage all CC account transactions.
Your request to close your account Minimum monthly repayment will be
will be actioned within (3) business deducted from customer account
days of receipt
based on customer instructions.
TAWAROQ MARKUP CALCULATION
TAWAROQ MARKUP
The Tawaroq markup is calculated on the payment due date, on the unpaid balance.
Example
If the Cardholder has his/her billing statement generated 15th day of every month and he does the following transactions between the period 15th November and 15th December in a year.
• Retail purchases for SAR 1,000 on 20th November
• Cash withdrawal for SAR 1,000 on 10th December
Assuming No Previous Balance carried forward from the 15th November statement, the Cardholder will get his/her 15th December statement showing SAR 2,000 of transactions.
The Cardholder needs to make payment against the outstanding 21 days from the Statement Date, for anything between the entire amount or 5% of the amount outstanding.
In case the balance outstanding on the statement date is paid in full by the payment due date, No Tawaroq Markup is charged on such balances.
In case a payment of e.g. SAR 360 is received for the account the Tawaroq Markup is calculated as follows:
Tawaroq Markup charged in December Statement = Zero
Tawaroq Markup charged in January Statement = (SAR 2000 - SAR 360) X 2.5% = SAR 41
Markup on Foreign Transactions
A Markup of 2.75% is charged on the Foreign Transactions.
Example
Transaction Amount: 1000
Transaction Currency: A
Conversion Rate from Currency A to SAR: 4.5
SAR Amount = 1000 X 4.5 = SAR 4500
Foreign Transaction Markup: SAR 4500 * 2.75% = SAR 123.75
The conversion from Foreign Currency to Saudi Riyal is done by the respective scheme that is VISA & MasterCard International as per their prevailing rates for that day.
INTERNAL