Tamkeen Plus Platinum Credit Card

 Tamkeen Plus Platinum Credit Card

01-12-2024
Tamkeen Plus Platinum Credit Card is your perfect choice as you can buy online or through point of sale or make cash withdrawals with ease inside or outside the Kingdom of Saudi Arabia. The card also has a high credit limit and the possibility of paying the amounts used in affordable monthly installments of (5% or 200 SAR), whichever is higher. This is in accordance with Bank Albilad Shariah Committee.

For a limited time..
Issue infinite Tamkeen Plus credit card free for life، Get welcome points up to 15,000 points in the Mukafaat Albilad Program and Earn up to 1.49% back on daily purchases with Mukafaat Albilad .





​What are the features of Tamkeen plus platinum ?


  • Compatible with Bank Albilad Shariah Committee
  • Earn up to 1.49% on daily purchases with Mukafaat Albilad, available until December 31, 2024.
  • Welcome points offer is available for new Cards until December 31, 2024.

  • The offer to issue the Tamkeen Plus card for free for life is available until December 31, 2024.

  • The card can be used for online purchases, POS, or ATM locations across Saudi Arabia and around the world
  • Easy to add the card in Apple pay and Mada pay  
  • Airport VIP lounges access in many airport lounges globally with yourTamkeen plus Platinum credit card through Visa Airport Companion application. For more information concerning participating lounges Click here 

  • Protection: The card provides protection to the cardholder, covering medical and legal referrals as well as purchase protection
  •  Get a statement periodically
  •   Follow your purchases via mobile text messages
  •  Take advantage of Mukafaat Albilad loyalty program for travel and tourism rewards, purchase vouchers or even cashback! Competitive exchange and exchange rate when shopping around the world
  • For more information on visa benefits click here

  • SmartDelay will provide you with complimentary access to one of over 1300+ airport lounges in more than 500 airports across 100+ countries in case of flight delay.For more information on SmartDelay, click here


Terms and conditions apply

Steps to apply for Tamkeen plus through Bank Albilad App

  •  Login to Albilad App
  • Click on the shopping cart at the bottom of the page 
  •  Select Tamkeen plus and Fill required fields
  •  Approve initial offer
  • Confirm credit limit
  •  Buy the commodity
  • Sign commodity contract and promissory note through Nafith
  • Sell commodity
  • Activate virtual card

Required Documents (When applying through Albilad App)

  • Salary transfer customers
    • Salary certificate
    • Salary transfer certificate
    • GOSI letter
  •  Non-Salary transfer customers 
    • Salary certificate
    • GOSI letter
    • Last 3-months statement

Required Documents (When applying at the branch)

  • Salary transfer customers
    • Salary certificate
    • Salary transfer certificate
    • GOSI letter
    • Valid ID
  • Non-Salary transfer customers
    • Salary certificate
    • GOSI letter
    • Last 3-months statement
    • Valid ID


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 via Albilad Net or Albilad App

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

Are there welcome points when issuing a Tamkeen Plus credit card?

Yes, there is currently an offer on the new issuance of the card, until December 31, 2024., according to the following table:

Welcome Points
Platinum
                                    15,000
Signature                                    75,000
Infinite
                                 250,000


When will the welcome points be credited?

When linking new cards to Mukafaat Albilad Program. 

Is it required to register for Mukafaat Albilad Program? 

Yes, you must register with Mukafaat Albilad Program to get the welcome points.

Is it necessary to make purchase transactions to get the welcome points?

It does not require any purchase transactions to get the welcome points.

How many times can I benefit the welcome points offer?
The welcome points offer once per customer.

Is the customer required to link the new issued card to Mukafaat Albilad Program?

Yes, the new cards must be linked to Mukafaat Albilad Program.

What are the rewards points earned by type of transaction and type of card?

Card ProductReward Points Earned Per 1 SAR - Domestic SpendReward Points Earned Per 1 SAR - International Spend
Albilad Tamkeen Plus Platinum Card
3.5
4.5

After completing the application, will the customer receive a physical card?

After completing the application, the customer will be requested to activate the virtual card. In case the customer wants a physical card, he/ she can request one through Albilad App (Delivery and printing fees are applied)

In case customer did not sign the commodity contract or promissory note in time, will his application be cancelled?

Yes, if customer did not sign within the time limit, his/ her application will be cancelled, and an SMS will be sent to him/ her

In case customer did not sell the commodity in time, will his application be cancelled?

No, the bank system will sell on his/ her behalf, and an SMS will notify him/ her to complete the application through Albilad app

In case there are missing documents from the customer application, will he be required to go to the branch to provide them?

Customer should resume the application online and submit the missing documents through Albilad app without the need to visit the branch

How to register in Mukafaat Albilad program?

  • Login to Albilad App or Albilad Net 
  • Choose “Mukafaat Albilad” icon from the main menu 
  •  Accept “Terms & Conditions” 
  • You will be automatically redirected to your account in Mukafaat Albilad program

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


Fees (SAR)
VATTamkeen Plus Platinum
Annual fees for the Main Card15%550
Annual fee for Supplementary Card15%
250
Replacement Card Fees15%250
International replacement card issuance fee15%USD 287.50
Re-issue fees15%100
Cash Withdrawal Fee15%SAR 75 for each transaction 
Alternate Account Statement Fee - Additional15%20
Transaction dispute15%50
Optional Issuer Fee (OIF) for transactions whose currency is different from Riyal  15%2.75%

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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