Dream Islamic Credit Card

What makes this card Islamic

Approved by Riyad Bank Shari'a Committee (independent), under the supervision of Saudi Central Bank (SAMA).

What it costs

Every figure below comes from Riyad Bank’s own published documents. Where the bank does not publish a number we say so rather than estimate it.

Annual fee

SAR 1,300Annual fees of SAR 1,300, VAT not included.source

Supplementary card

SAR 75Supplementary Credit Card Fees SAR 75, VAT not included.source

Profit rate

3.1% a month on the outstanding balanceBank states "Annual Profit Rate 48.89%" and "Monthly Profit Margin 3.1%" in the Dream card fee table. This is the highest published Riyad Bank card APR. FIELD-SEMANTICS NOTE: Riyad Bank labels this figure 'Annual Profit Rate', but it does not reconcile with the monthly rate printed beside it (the monthly rate x 12 is materially lower), which is the signature of an all-in annualised cost absorbing the annual fee. It is therefore recorded in apr_pct and NOT in profit_rate_annual_pct, so it can never be displayed as the profit charged on a balance. The bank's own label is preserved here rather than corrected. Riyad Bank publishes no separate annual profit margin, so profit_rate_annual_pct is null rather than derived.source

APR, as the bank publishes it

48.89%An APR absorbs the annual fee and other charges as well as the profit rate, so it is higher than the profit rate above. It is the closest thing to a like-for-like cost comparison.source

Cash withdrawal

3% for transactions below SAR 2,500, with a maximum of SAR 75 for transactions equal to or above SAR 2,500.

Late payment

SAR 50

Foreign currency spend

2% on top of the exchange rate

Replacement card

SAR 15

What you get back

• Flynas: 25,000 bonus Miles; domestic 1 Mile = SAR 3, international 1 Mile = SAR 1.75
• Air Asia: 20,000 bonus Miles; domestic 1 Mile = SAR 3, international 1 Mile = SAR 1.5
• Turkish Airlines: 15,000 bonus Miles; domestic 1 Mile = SAR 3, international 1 Mile = SAR 2.25
• Etihad: 12,500 bonus Miles; domestic 1 Mile = SAR 3.75, international 1 Mile = SAR 3
• Air Arabia: 12,500 bonus Miles; domestic 1 Mile = SAR 3.5, international 1 Mile = SAR 2.75
• Singapore Airlines: 7,500 bonus Miles; domestic 1 Mile = SAR 8, international 1 Mile = SAR 4
• Radisson Rewards: 50,000 bonus Points; domestic 1 Point = SAR 1.25, international 1 Point = SAR 1
• Almosafer: 1,000 bonus Points; domestic 1 Point = SAR 100, international 1 Point = SAR 50
• Two partners can be selected simultaneously (one domestic, one international)

Other benefits

• Unlimited complimentary access to over 1,300 airport lounges via Mastercard Travel Pass
• Mastercard Travel Pass Fast Track
• 24/7 Mastercard VIP concierge
• 6 months complimentary Amazon Prime
• Travel and Medical Insurance up to USD 500,000
• Additional miles or points on spending SAR 10,000 within 60 days of card activation

Before you apply

• All published Riyad Bank card fees exclude VAT; 15% VAT is added on top.
• Highest published Riyad Bank APR at 48.89% (3.1% monthly).
• Changing the loyalty partner costs SAR 30 per change.
• Additional miles or points do not apply to cards issued between 13 November 2025 and 31 March 2026.
• Supplementary card is NOT free on this product (SAR 75), unlike most other Riyad Bank cards.
• The 48.89% "Annual Profit Rate" (the highest in the Riyad range) does not reconcile with the 3.1% monthly rate by simple x12 (37.20%). Compound annualisation ((1+monthly)^12-1 = 44.25%) narrows but does not close the gap; Dream has its own separate T&C and is not covered by the general Islamic card T&C disclosure table used to confirm the same pattern on other Riyad cards, so the residual is not independently proven, only plausible (annual-fee inclusion). Not treated as a data error. See research/raw/SA-notes-riyad-bsf-anb-sab.md S03 addendum.

Can you get it?

Age

18 and over

Other conditions

Should be 18 years of age or older; should be compliant with Riyad Bank's and SIMAH's policies for issuance of credit cards. No minimum salary is published. The online application form asks for monthly salary and current monthly obligations and returns a calculated credit limit, so eligibility is assessed case by case.

What to have ready

• Copy of valid Saudi national ID for Saudi nationals
• Copy of valid resident Identity card or Passport for non-Saudi nationals
• Salary certificate mentioning employment start date for salaried individuals

Where these figures come from

Last checked against Riyad Bank’s published documents on 2026-08-17. Banks change fees without notice, so treat the bank’s own document as the final word, not this page.

• “Annual fees for credit card Annual fees of SAR 1,300 - Dream Islamic Credit Card, Fees (VAT is not included)”
• “Annual Profit Rate 48.89%”
• “Monthly Profit Margin 3.1%”
• “Change Partner Fee S..R 30”
• “Supplementary Credit Card Fees S..R 75”
• “Late Payment S..R 50”
• “Additional fees on international transactions 2%”
• “Replacements Card Fees S..R 15 (based on bank estimation)”
• “Fully compliant with Shariah principles.”
• “What is the annual fee for the Dream Credit Card? S..R 1,300 (VAT not included).”

• Product page
• Terms and conditions