Riyad Bank   - Credit Card - Mastercard Platinum

Minimum Salary needed Not mentioned
Maximum amount available Not mentioned
Length of Loan Not mentioned
Profit Rate 1.95% per month (23.4% per annum)
Upfront Fees ( if any ) No
Eligibility Should be 18 years of age or older ; Should be salaried or self-employed; Should be compliant with Riyad Bank’s and SIMAH’s policies for issuance credit cards
Main Features Access to VIP lounges at more than 600 international airports around the world with priority pass; Available as a Shari'a compliant card; Free Travel Insurance of up to USD 1,000,000 for tickets purchased using Platinum Credit Card; Free additional credit cards for family members; Credit Shield for outstanding balance in case of any unforeseen events (may God forbid); Automatic enrolment into Qasset and Hassad Rewards Program; No annual fee for the first year

Riyadh Bank

Riyadh Bank holds a special seat among Saudi Arabia’s finest and most choice banks. The Bank is also a preferred financing giant of most ambitious infrastructure projects undertaken in Arabia. All of this is founded on the reality that the bank has a massive reservoir of expertise and assets achieved following many years of trading.
The bank offers its varied clients a strong and wide-stretching network of more than 300 branches. Besides, it also runs 75 customized ladies branches, 4 ladies sections in other branches and 19 self-service branches.
Riyadh bank’s services are blended with the latest information technology so as to fully satisfy the financial needs of all its customers. It also runs a large ATM network exceeding 2,500 terminals across Saudi Arabia.

Riyadh

Popularly known as the Gardens in Arabic, Riyadh is the capital and largest city in Saudi Arabia. Standing on the same podium of eminence with other chief cities in Arabia such as Jeddah and Dammam, Riyadh boasts of a population exceeding 5.7 million inhabitants.
In order to maintain order in public administration, Riyadh is divided into 15 municipal districts. All of these administrative districts are governed by the Municipality of Riyadh, all of it under the authority of its mayor.
When it comes to its present significance and socio-economic positioning in the Middle East, Riyadh has slowly attained this status after the 1940’s.This strategic rebirth is grounded in proactive and visionary governance.

MasterCard Platinum Credit Card

This is a top cream access code to all the benefits and exclusive privileges that accompany prestige banking.

Exquisite privileges:

  •     Access  more than 600 international airports globally;
  •     Compliant with Shariah;
  •     Free travel insurance of up to $ 1 million for tickets bought using the Card;
  •     Free additional credit cards for family members;
  •     Credit shield;
  •     Access rewards program; and
  •     Nil annual fees for the first year.

Minimum applicant requirements:

  •     Be 18 years of age or older;
  •     Be salaried or self-employed; and
  •     Be compliant with Riyadh Bank’s and SIMAH’s policies regarding issuance of credit cards.