meem Signature Card

Access exclusive services and tailored benefits to complement your lifestyle

Last update on 23/5/2023

Features

Our Signature Credit Card offers a range of features and benefits including a flexible installment program, a generous rewards program, low FX charges, purchase protection, exclusive access to 1000+ airports lounges around the world and much more.

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Customer Eligibility
and conditions

  Saudi Expatriates
Fulfilment

STP: If the customer has provided a GOSI certificate

STP: If the customer has provided a GOSI certificate

OnePack a/c held

Yes

Yes

Minimum Age at Commencement (Years-G)

18

18

Maximum Age at Maturity (Years-G)

Employed: Retirement age Retired: 70

Employed: Retirement age

Minimum salary (SAR)

8,000

8,000

Minimum current employment period

1 Month

3 Months

Minimum existing SIMAH history

No requirement for minimum credit history for any borrower

No requirement for minimum credit history for any borrower

GDBR (as per SAMA Responsible Lending Principles)

Schedule of Fees &
Charges

Credit Card Charges

Annual fee primary card

SAR 500*

Annual fee supplementary card

SAR 100

Late payment fees

SAR 100**

Credit card re-issue

SAR 30

Cash advance fees:

 

For cash advance up to SAR 5,000

SAR 75

For cash advance greater than SR 5,000

3% of the transaction amount and subject of a maximum of SAR 300

Credit card dispute fee (if wrong dispute)

SAR 50

Account Balance enquiry on ATM

Free

FX rate

2.5%

 

* No annual fees for the first year, meem Credit Card remains free for life against a minimum spend of SAR 48,000 per annum 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

** 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.

 Terms and conditions apply

ajeeb Rewards Program points earning scheme:

Transaction type

Transaction AMT in SAR

Points Earned

Domestic

1

1.5

International

1

2

Illustration:

Annual Percentage Rate (APR)

Monthly Profit Rate

Minimum repayment Amount

Months until Balance Repaid

Without fee* 28.46%

2.25%

5%

81 Months

**If a customer only makes minimum payments on an initial outstanding principal balance of SAR 10,000/- it will take the customer 7 years to repay in full of a Total profit margin of SAR 6,581/- 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 27%

Annual Precentage Rate (Signature)

SAR

Salary Used for Assessment

SAR

Total Credit Cards limit *

SAR

Total Monthly Installments **

* Sum of total limit of your credit cards

** All installments other than home finance

Calculate

Start over

Profit

Rate

2.25%

Annual

Charge

SAR 500

Tenor

12MONTHS

Minimum

Monthly Amount Due

5%

Credit Limit

SAR -----

Credit Card Annual

Percentage Rate (APR)

----%

- Credit Card APR is based on rough estimate.

- If there is no annual fee associated to your Credit Card the APR will be furthered reduced.

- This calculation is subject to change depending on the influencing factors such as consumer’s credit records.

Apply Now

For Terms and Conditions

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