Private World Elite 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 used across all SNB card types.

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

No annual feeExempt for SNB Private Banking customers.source

Supplementary card

SAR 0Fee schedule: 'Supplementary Card Fees: Free'.source

Profit rate

Not publishedBanking Fees and Charges (06 May 2026), Private Banking Segment: 'MasterCard World Elite | Visa Infinite Privilege 26.81%'. No monthly percentage rate is published for this tier.

APR, as the bank publishes it

26.81%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% of the transaction amount, up to a maximum of SAR 75. Cash withdrawal limit is 30% of the credit card limit.

Late payment

SAR 50

Foreign currency spend

2% on top of the exchange rate

Replacement card

SAR 15

What you get back

Other benefits

• Dedicated relationship manager
• 24/7 Private Banking concierge covering hotel reservations, travel arrangements, event and restaurant bookings
• Private Banking travel and lifestyle benefits
• Access to Shariah-compliant products, Khayrat products and diversified mutual funds

Before you apply

• SNB's dedicated product page for this card redirects to the general Private Banking page, so no card-specific benefit table, monthly rate or eligibility threshold is published.
• No monthly percentage rate is disclosed for the Private Banking tier - only a 26.81% APR.

Can you get it?

Other conditions

SNB Private Banking customers only. The dedicated card URL redirects to the Private Banking programme page, which does not publish a card-level qualifying threshold.

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.

• “Annual Fees | Visa Infinite Privilege | MasterCard World Elite (Private Banking Customers) | Exempted from Annual Fees - SNB Banking Fees and Charges, 06 May 2026”
• “Annual Percentage Rate | Private Banking Segment | MasterCard World Elite | Visa Infinite Privilege | 26.81% - SNB Banking Fees and Charges, 06 May 2026”
• “Enjoy a premium banking experience with your own personal concierge service. Get access to a 24/7 personal assistant who can manage all your lifestyle and travel needs - SNB Private Banking page (the destination of the Private World Elite card URL)”

• Product page
• Schedule of charges
• Terms and conditions