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Annual Fee
SAR 805
Rewards Rate
1.25%
APR
41.68%
Income (Y1)
SAR 695
Lounges
Yes
Network
Visa
Monthly spend:
Fees
| Annual Fee | SAR 805 inc. VATFree for Diamond & Private Banking customers |
| Supplementary Card Fee | Free |
| FX Fee | 2% |
| Cash Advance Fee | 0.03% (max SAR 86) inc. VAT |
| Replacement Fee | SAR 0 |
| Monthly Profit Rate | 2.2% |
| APR | 41.68% |
| Grace Period | 25 days |
| Minimum Repayment | 5% (min SAR 200) |
Rewards & Benefits
Lounge Access
Program
Visa Airport Companion (1,200+ lounges)
Visits / Year
Unlimited
Guests
1 guest free
Reward Rates
| Category | Points per 1 SAR | Points per 100 SAR | Value per 100 SAR | Cap |
|---|---|---|---|---|
| Domestic | 1.25 | 125.0 | SAR 1.25 | - |
| International | 1.75 | 175.0 | SAR 1.75 | - |
* Estimated point value in Mokafaaty Points program: SAR 0.01
Other Benefits
- 24/7 concierge service
- Apple Pay, Samsung Pay
Welcome Bonus
Welcome Bonus Details
| Period | Bonus |
|---|---|
| Welcome | 75,000 points |
| Total | 75,000 points |
| ≈ SAR 750 | |
* Estimated point value in Mokafaaty Points program: SAR 0.01
Annual Income
Annual Income Calculation
| Annual fee(inc. VAT) | - SAR 805 |
| Rewards for spending | + SAR 750 |
| Welcome bonus | + SAR 750 |
| Income (First Year) | + SAR 695 |
| Annual fee(inc. VAT) | - SAR 805 |
| Rewards for spending | + SAR 750 |
| Income (Second Year) | - SAR 55 |
Income = rewards − fee + welcome bonus. Values based on SAR 5,000/month.
Redemption
Mokafaaty Rewards Program Redemption
Redemption Value
| Redemption Method | Value per 1,000 points |
|---|---|
| Cash / Account credit | SAR 10 |
Requirements
Application Requirements
| ID | Valid National ID or Iqama |
| Bank statement | In some cases |
| Salary certificate | From employer |
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