Global Multi Currency Credit Card

What makes this card Islamic

Saudi National Bank builds this card on a Tawarruq contract. The bank sells you a commodity on credit at a marked-up price, you sell that commodity to somebody else for cash, and the cash becomes your spending limit.

Article 10 of the SNB credit card T&C governs the Tawarruq mechanism; the May 2026 fee schedule lists 'Monthly Tawarruq Fees 0.30%' in the Global Multi-Currency block.

Approved by SNB Sharia Board, under the supervision of Saudi Central Bank (SAMA).

What it costs

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

Annual fee

SAR 172.50Free for Wessam Platinum, Elite and Private Banking customers.source

Supplementary card

SAR 0T&C: 'No annual fees for the first three Supplementary Cards. Over 3 Supplementary Cards: 50% of annual fees per Supplementary Card.'source

Profit rate

2.5% a month on the outstanding balanceProduct page card table: 'Monthly Percentage Rate 2.5%', 'Annual Percentage Rate (APR) 35.09%', 'Credit Card Purchase Rate 30%'. The 2026 T&C form gives 2.95% and 38.26% APR for Mass & Wessam Gold and 2.95% / 35.09% for Wessam Platinum, Elite and Private. The May 2026 fee schedule instead shows 29.82%. Three SNB documents give three different figures; the product page value is recorded because it is the card's own published table.source

APR, as the bank publishes it

35.09%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

Product page: 'Cash Withdrawal Fees 75'. Fee schedule: '3% of the transaction amount, up to a maximum of 75 SAR'. Cash withdrawal limit is 30% of the credit limit.

Late payment

SAR 50

Foreign currency spend

0% on top of the exchange rate

Replacement card

SAR 0

What you get back

• LAK Rewards points earned on spend, redeemable for travel, e-gift partners or cashback

Other benefits

• Zero international transaction fee (0%) - the only card in this batch with no FX markup
• Fixed USD exchange rate of 3.7500 plus competitive rates across more than 30 currencies
• Four default free currency wallets: SAR, USD, GBP, AED and EUR
• Additional currencies at SAR 25 each: BHD, QAR, CHF, KWD, OMR, JOD, MAD, EGP, CAD, TRY, JPY
• Card type is World Elite Flex
• Travel and lifestyle benefits; insurance benefits

Before you apply

• Three SNB documents publish three different annual fees (SAR 172.5 incl VAT on the product page, SAR 150 in the T&C, SAR 275 in the fee schedule) and three different APRs (35.09%, 38.26%, 29.82%). Insist on a written Key Facts statement.
• Wallet mechanics carry a 1% fee: 1% on loading a wallet from the credit limit, 1% on transfers between wallets, 1% on balance failover, and 1% when the card is used with no wallet balance.
• Adding a currency beyond the free five costs SAR 25.

Can you get it?

Other conditions

Available across SNB's Mass, Wessam Gold, Wessam Platinum, Elite and Private segments, with the annual fee waived from Wessam Platinum upwards.

Where these figures come from

Last checked against Saudi National 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.

• “Card Type WORLD ELITE FLEX | Issuance Fees Free | Annual Fees 172.5 including VAT for MASS & WESSAM GOLD, free for WESSAM PLATINUM, ELITE & PRIVATE | Cash Withdrawal Fees 75 | Credit Card Purchase Rate 30% | Monthly Percentage Rate 2.5% | Lost Card Replacement Fees Free | Failover Fees 1% | International Transaction Fees 0% | Annual Percentage Rate (APR) 35.09% | Fees for conversion between currency wallets 1% of the transaction amount - Global Multi Currency Credit Card product page”
• “The Global Multi-Currency Credit Card from SNB for the first time in the Kingdom with zero FX markup. - Global Multi Currency Credit Card product page”
• “Annual Fees 275 SAR | Annual Percentage Rate 29.82% | Monthly Tawarruq Fees 0.30% - SNB Banking Fees and Charges, 06 May 2026, GLOBAL MULTI-CURRENCY CREDIT CARD block (conflicts with the product page)”
• “Mass & Wessam Gold 150 | 2.95% | 38.26% ... Wessam Platinum, Elite and Private Free | 2.95% | 35.09% - SNB Credit Card T&C 2026, 'Fourth: Multi-Currency Credit Card' fee table”

• Product page
• Schedule of charges
• Terms and conditions