The Saudi Central Bank (SAMA) introduced updated Credit Card Rules in Saudi Arabia on June 19, 2025, to reduce costs, enhance transparency, and align with Saudi Vision 2030’s digital payment goals. Effective within 30 to 90 days, these rules benefit customers with lower fees and clearer disclosures. Below are the key updates and charges for credit cards in Saudi Arabia.
Key Updates to Credit Card Rules
- Transparency: SMS notifications for fee changes with a 14-day termination window. Real-time transaction alerts and account statements via SMS.
- Free E-Wallet Top-Ups: No charges for recharging e-wallets using credit cards.
- Flexible Deposits: Deposit and withdraw amounts above credit limits without fees.
- Grace Period: Minimum 25-day grace period for full balance repayments, avoiding late fees.
- Unified Disclosures: Standardized templates for fees, charges, and benefits in agreements.
- Cost Calculators: Tools to estimate international purchase costs and rewards.
Credit Card Charges in Saudi Arabia
- Cash Withdrawal Fees:
- Below SR 2,500: 3% of transaction amount.
- SR 2,500 or more: Max SR 75.
- Old Policy: SR 75 up to SR 5,000; 3% above SR 5,000 (max SR 300).
- International Purchase Fees: 2% of transaction value.
- E-Wallet Top-Ups: Free.
- Invalid Dispute Fee: SR 25 for false disputes.
- Additional Deposits: No fees for deposits or withdrawals above credit limit.
Why These Changes Matter
SAMA’s collaboration with global payment companies lowers costs, supporting Saudi Arabia’s digital payment ecosystem. The rules ensure affordability, transparency, and alignment with international standards.
Comparison to Previous Rules
- Cash Withdrawals: SR 75 cap for SR 2,500+ transactions saves money compared to SR 300 max.
- International Fees: Clear 2% fee improves predictability.
- Dispute Fees: New SR 25 fee for invalid claims.
Effective Dates
Rules take effect between July 19, 2025, and September 17, 2025. Customers will receive SMS updates.
Stay Informed
Monitor SMS alerts and use issuer cost calculators for international purchases. Visit the Saudi Central Bank website for details.