Flexible Monthly Payment

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Platinum Credit Card

Flexible Monthly Payment

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

Al Al Rajhi Bank introduces the Platinum Credit Card based on Murabaha finance to offer you the ultimate flexibility and many unique features.

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

Required Documents:

Existing bank account with alrajhi bank.

Copy of Valid ID (National ID/Iqama)

Salary Certificate Mentioning Employments From Employee

Fill & Submit Application Form. Submit Now

Approve the Terms and Conditions

Required Documents for university students:

Existing bank account with alrajhi bank.

Copy of valid Saudi national ID

Copy of transcript for student.

Fill & submit application form. Submit Now or Calling 8001241222 or Visit the nearest branch.

Approve the Terms and Conditions

Eligible universities:

Jazan University - The Islamic University of Madinah - Imam Muhammad bin Saud Islamic University - Al Jouf University - Bisha University - Najran University - Majmaah University - Prince Sattam bin Abdulaziz University - King Khalid bin Abdulaziz University - Taibah University - Hail University - Shaqra University - King Faisal University - King Saud University - Qassim University - Hafar Al-Batin University - Albaha University.

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Cards Benefits

Free Additional cards for your immediate family members, give them the same features and benefits as per your primary card. In addition to:

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.

Earn 25,000 welcome mokafaa points when spending SAR 15,000 in the first 90 days from the card issuance date.

Access to 25 global airport lounges through the Visa Airport Companion app, in collaboration with DragonPass For more

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.
Complimentary Continental Breakfast Daily.
$25 USD Food Or Beverage Credit.

mokafaa Program Allows You To Earn 2 Points Per SAR 1 Domestic Spend And 5 Points On International Spend With Your Card

Redeem your mokafaa points at over 100 merchants using your mobile number directly.
Convert your mokafaa points to flyer miles via alrajhi bank app.
Transfer reward points to any alrajhi bank customer registered in the program.
Donate and transfer reward points to one of the charitable societies listed in the program.

0% Tasaheal Program You Can Convert Your Transactions Into Equal And Flexible Monthly Installmentswith 0% Profit Margin And ZERO Processing Fee Through Program Partners

Enjoy The Flexibility Of Paying As Low As 5% Of Your Monthly Card Statement.

Instant Discounts, Enjoy a unique collection of offers and experiences across travel, dining, wellness and more with your Platinum Credit Card

Extended Warranty For Purchases Using Your Credit Card.

Protection:

Purchase protection lost, stolen or damaged goods purchased using credit cards.
Extend your warranty on eligible purchases.

“Visa Checkout” The Easier Pay Online Service

Card Features

Cash Withdrawal, 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 Notifications, A free service that sends you a notification messages to stay on the top of your finances with ease and convenience.

3D Secure, More secure than cash, 3D secure uses a verification process, one time password for online shopping and EMV chip to protect your information.

Fees and Charges

Schedule of Charges	Fee
Annual Primary Card	SAR 490 Now Free for Life Valid till 31 December 2024.
Supplementary Card*	2 free cards SAR 50 for each Additional Card
Monthly Profit Rate	2.2%
Monthly Minimum Payment	5% or SAR 100 Whichever is higher
Additional fee on International Transactions	2.75%
Replacement	SAR 50
Cash Withdrawal fee / Amount transfer Fees \Transfer to electronic payment wallets**	SAR 75
Wrong Dispute Fee	SAR 50
Application of Purchase Voucher Copy	SAR 150

*Effective date December 10, 2023

** Effective date January 3, 2024

Financing And Savings Products For Individuals

Required Documents:

Existing bank account with Al Rajhi bank.

Copy Of Valid ID (National ID/Iqama)

Salary Certificate Mentioning Employments From Employee

Fill & Submit Application Form. Submit Now

Approve the Terms and Conditions

Don’t have an alrajhi bank account? Create one now

You can apply easily through

alrajhi bank app

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You can also apply through the following channels

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You can apply through alrajhi bank Online

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8001241222

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Tutorial Videos

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Tutorial Videos

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Example: Descriptive Examples showing the APR based on the credit limit

Example	1	2	3
Due Amount	SAR 75,000	SAR 100,000	SAR 150,000
APR	26.97%	26.19%	25.4%
Finance APR	23.88%	23.88%	23.88%
Minimum Payment Amount %	5%	5%	5%
Months Until Balance Repaid*	140 Months	149 Months	162 Months

* If the minimum payment amount made every month, it will take almost the months that appeared for each product in table to repay the full amount, keeping in view compounded interest added each month.

*APR may change based on the change in the financing amount and due date.