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SAB Premier Mastercard Credit Card
Saudi Awwal Bank·Mastercard World
Verified: 2026-04-04
Annual Fee
Free
Rewards Rate
1.25%
APR
34.09%
Income (Y1)
SAR 750
Lounges
Yes
Network
Mastercard
Monthly spend:
Fees
| Annual Fee | Free Available only for Premier clients |
| Supplementary Card Fee | Free |
| FX Fee | 2% |
| Cash Advance Fee | 3% (max SAR 86) inc. VAT |
| Late Payment Fee | SAR 57 inc. VAT |
| Replacement Fee | SAR 17 inc. VAT |
| Monthly Profit Rate | 2.39% |
| APR | 34.09% |
| Grace Period | 20 days |
| Minimum Repayment | 5% (min SAR 200) |
Rewards & Benefits
Lounge Access
Program
Mastercard Travel Pass (1,200+ lounges)
Visits / Year
20 visits
Guests
Not included
Guest access removed eff. Mar 2026. Requires at least SAR 3.75 in international spending every 90 days.
Reward Rates
| Category | Points per 1 SAR | Points per 100 SAR | Value per 100 SAR | Cap |
|---|---|---|---|---|
| Domestic | 0.13 | 12.5 | SAR 1.25 | - |
| International | 0.15 | 15.0 | SAR 1.50 | - |
* Estimated point value in ICSAB+ Points program: SAR 0.1 (e-voucher) / SAR 0.07 (cash)
Other Benefits
- FREE annual fee
- LOWEST APR (34.09%)
- Mastercard Travel Pass app
- SAB AQSAT installment conversion
- Online payment security
- Credit Card Protection Program
- Free card delivery overseas (Premier customers)
Annual Income
Annual Income Calculation
| Annual fee | Free |
| Rewards for spending | + SAR 750 |
| Income (First Year) | + SAR 750 |
| Annual fee | Free |
| Rewards for spending | + SAR 750 |
| Income (Second Year) | + SAR 750 |
Income = rewards − fee + welcome bonus. Values based on SAR 5,000/month.
Redemption
ICSAB+ Rewards Programme Redemption
Redemption Value
| Redemption Method | Value per 1,000 points |
|---|---|
| E-vouchers / Rewards marketplace | SAR 100 |
| Cash / Account credit | SAR 70 |
Redemption Partners
150+ merchantsAlFursanQatar AirwaysEtihadKrisFlyerQitaf
Requirements
Application Requirements
| ID | Valid National ID or Iqama |
| Bank statement | In some cases |
| Salary certificate | From employer |
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