Tamkeen plus classic credit card

 Tamkeen plus classic credit card

30-01-2023
​Classic Tamkeen Plus Credit Card is your perfect choice as you can shop and buy online or through point of sale or cash withdrawals with ease inside or outside the Kingdom of Saudi Arabia. The card provides the possibility of paying the amounts used in affordable monthly installments of (5% or 200 riyals), whichever is higher This is in accordance with Bank Albilad Shariah Committee



What are the features of Tamkeen plus classic ?


  • Shariah compliant card
  • Online shopping in an easy secure way
  • Supports Apple pay and Mada pay 
  • Benefiting of Mukafaat Albilad loyalty Program to earn points and redeem them for exciting rewards
  • Competitive currency exchange rate when buying in foreign currencies
  • Accepted at more than 30 million stores locally and worldwide
  • Cash withdrawals at ATMs, locally and internationally
  • SMS alerts for all transactions
  • The card can be issued to customers other than salary transfers
  • Payment of card dues every 50 days (accounting cycle)
  • Manage the card online through Albilad Net

Terms and conditions apply

​Required Documents

  • Valid customer's identification document.
  • Photo of the work card for (military sector) employees only.
  • Employer related information including monthly salary, job title, and start-up date, salary certification letter.

FAQ


Why do I apply for Tamkeen Plus credit card?

Tamkeen Plus credit card provided by Bank Albilad is fully compliant with the Islamic Shariah committee and it offers you benefits that meet your needs.

Is Tamkeen Plus credit card compatible with sharia committee?

Tamkeen Plus credit card is based on murabaha financing where goods are purchased and sold with the customer's consent to issue the card.

Are there any interest or profit fees on the card?

(Tamkeen Plus credit card offers you the one of the lowest profit rates at 1.8% per month as part of your monthly allowance on your card) however, when you pay the full amount due on time, there will be no profit on the card. 

What are the payments due date on Tamkeen Plus credit card?  

Payment is automatically made on the 25th of each calendar month. Cardholder may opt to pay (5 % of the outstanding balance or minimum of 200 riyals, whichever is higher) of the balance.

Can the customer make an early payment for Tamkeen Plus credit card?

 Yes, the customer can make a payment through the bank's website or Bank Albilad app (coming soon).

What is the point-of-sale limit for Tamkeen Plus credit card?

100% of the credit limit available for the card. 

What is the cash withdrawal limit for Tamkeen Plus credit card?

Cash withdrawal limit is capped at 30% of the total card limit. 

How much is the minimum salary? 

Minimum monthly salary starting from 3,000 riyals.

Is it possible to add additional funds to Tamkeen plus credit card? 

Yes, a balance can be added above the credit card limit. 

What is the date of the statement of account? 

The statement of account is issued at the beginning of each calendar month.

What are the issuance and renewal fees for the Tamkeen Plus credit card?


All Fees are VAT exclusive

How does Bank Albilad calculate the profit?

To view the method of calculating the profit margin, click here

To view the full terms and conditions click here 





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