Emirates NBD Credit Cards | Platinum | ||
---|---|---|---|
Membership Fees | |||
Annual Fee | SAR 300 | ||
Supplementary Card (up to 5 cards) | Free | ||
Other Fees Charges | |||
Annual Percentage Rate (APR)* | 41.21% | ||
Interest Rate (Retail Purchase) | 2.75% | ||
Interest Rate (Cash Advance) | 2.75% | ||
Cash Advance Fee | SAR 75 | ||
Late Payment Fee | SAR 100 | ||
Foreign Currency Transaction Fee | 2.50% | ||
Card Replacement Fee | SAR 50 | ||
Copy of Sales Voucher | SAR 50 | ||
Credit Shield | 0.49% | ||
Duplicate Statement Fee (per copy) | |||
Up to last 3 months | Free | ||
General | |||
Payment Due Date | 23 days | ||
Credit Period | Up to 53 days | ||
Minimum Payment Due | 5% or SAR 100 (whichever is higher) | ||
Cash Advance Limit | 30% |
*No amount equivalent to any applicable Value Added Tax (VAT) is included in Annual Percentage Rate (APR)
Emirates NBD Credit Cards | Platinum Plus | ||
---|---|---|---|
Membership Fees | |||
Annual Fee | Free | ||
Supplementary Card (up to 5 cards) | Free | ||
Other Fees Charges | |||
Annual Percentage Rate (APR)* | 38.48% | ||
Interest Rate (Retail Purchase) | 2.75% | ||
Interest Rate (Cash Advance) | 2.75% | ||
Cash Advance Fee | SAR 75 | ||
Late Payment Fee | SAR 100 | ||
Foreign Currency Transaction Fee | 2.50% | ||
Card Replacement Fee | SAR 50 | ||
Copy of Sales Voucher | SAR 50 | ||
Credit Shield | 0.49% | ||
Duplicate Statement Fee (per copy) | |||
Up to last 3 months | Free | ||
General | |||
Payment Due Date | 23 days | ||
Credit Period | Up to 53 days | ||
Minimum Payment Due | 5% or SAR 100 (whichever is higher) | ||
Cash Advance Limit | 30% |
*No amount equivalent to any applicable Value Added Tax (VAT) is included in Annual Percentage Rate (APR)
Emirates NBD Credit Cards | Mazeed Platinum | ||
---|---|---|---|
Membership Fees | |||
Annual Fee | SAR 200 | ||
Supplementary Card (up to 5 cards) | Free | ||
Other Fees Charges | |||
Annual Percentage Rate (APR)* | 40.29% | ||
Finance Charges (Retail Purchase) | 2.75% | ||
Finance Charges (Cash Advance) | 2.75% | ||
Cash Advance Fee | SAR 75 | ||
Late Payment Fee | SAR 100 | ||
Foreign Currency Transaction Fee | 2.50% | ||
Card Replacement Fee | SAR 50 | ||
Copy of Sales Voucher | SAR 50 | ||
Credit Shield | 0.49% | ||
Duplicate Statement Fee (per copy) | |||
Up to last 3 months | Free | ||
General | |||
Payment Due Date | 23 days | ||
Credit Period | Up to 53 days | ||
Minimum Payment Due | 5% or SAR 100 (whichever is higher) | ||
Cash Advance Limit | 30% |
*No amount equivalent to any applicable Value Added Tax (VAT) is included in Annual Percentage Rate (APR)
Emirates NBD Credit Cards | Infinite | ||
---|---|---|---|
Membership Fees | |||
Annual Fee | SAR 700 | ||
Supplementary Card (up to 5 cards) | Free | ||
Other Fees Charges | |||
Annual Percentage Rate (APR)* | 42.33% | ||
Finance Charges (Retail Purchase) | 2.75% | ||
Finance Charges (Cash Advance) | 2.75% | ||
Cash Advance Fee | SAR 75 | ||
Late Payment Fee | SAR 100 | ||
Foreign Currency Transaction Fee | 2.50% | ||
Card Replacement Fee | SAR 50 | ||
Copy of Sales Voucher | SAR 50 | ||
Credit Shield | 0.49% | ||
Duplicate Statement Fee (per copy) | |||
Up to last 3 months | Free | ||
General | |||
Payment Due Date | 23 days | ||
Credit Period | Up to 53 days | ||
Minimum Payment Due | 5% or SAR 100 (whichever is higher) | ||
Cash Advance Limit | 30% |
*No amount equivalent to any applicable Value Added Tax (VAT) is included in Annual Percentage Rate (APR)
Platinum, Platinum Plus, Mazeed and Infinite Credit Cards:
Example 1 (Month 1):
It is assumed that no previous balance is carried forward from the March 7th statement, the Cardholder will receive his April 7th statement detailing total transactions of SAR 16,075 (principal balance + cash advance fee of SAR 75 for every cash withdrawal).
The Cardholder needs to make a payment towards the outstanding within 23 days from the statement date (due date: April 30th). The payment can range between 5% and 100% of the outstanding amount.
Total interest charges for cash advance billed in the statement of April 7th will be SAR 6,075 × 33% × 7 days / 360 days* = SAR 38.98
* Interest on cash advance transactions is calculated on a daily basis since date of transaction until cash advance transaction amount is fully settled.
Example 2 (Month 2): In the following month starting April 7th, Cardholder will have the carry forward balance of SAR 16,113.98. In case a partial payment of SAR 3,000 is received on April 29th, interest charges for the May 7th statement will be calculated as per the following:
Total interest charges billed in the statement of May 7th will be SAR 684.21
**Interest on retail transactions is calculated on a daily basis since date of transaction, if the outstanding balance is not fully settled by the payment due date.
Example 3 (Month 3): Starting May 7th, Cardholder will have the carry forward balance of SAR 13,798.19. In case the customer does following transactions during this month:
Interest charges will be calculated as per the following:
Total interest charges billed on the 7th of June statement will be SAR 312.04
Examples are Exclusive of Value Added Tax 15%
Foreign Payment example
Foreign transaction amount of Currency A: 1,000
Foreign ATM cash advance example
Foreign transaction amount of Currency A: 1,000
Card | APR | Annual Interest Rate | Monthly Minimum Payment % | Months to Payoff | Balance | Annual Fee |
---|---|---|---|---|---|---|
Platinum* | 41.21% | 33% | 5% | 86 | 7,000 | SAR 300 |
Platinum Plus* | 38.48% | 33% | 5% | 85 | 7,000 | Free |
Mazeed* | 40.29% | 33% | 5% | 85 | 7,000 | SAR 200 |
Infinite** | 42.33% | 33% | 5% | 85 | 7,000 | SAR 700 |
*APR Calculated on Credit Limit Amount of SAR 30,000.
**APR Calculated on Credit Limit Amount of SAR 50,000.
Platinum, Platinum Plus, Mazeed and Infinite Credit Cards:
Example 1 (Month 1):
It is assumed that no previous balance is carried forward from the March 7th statement, the Cardholder will receive his April 7th statement detailing total transactions of SAR 16,075 (principal balance + cash advance fee of SAR 75 for every cash withdrawal).
The Cardholder needs to make a payment towards the outstanding within 23 days from the statement date (due date: April 30th). The payment can range between 5% and 100% of the outstanding amount.
Total interest charges for cash advance billed in the statement of April 7th will be SAR 6,075 × 33% × 7 days / 360 days* = SAR 38.98
* Interest on cash advance transactions is calculated on a daily basis since date of transaction until cash advance transaction amount is fully settled.
Example 2 (Month 2): In the following month starting April 7th, Cardholder will have the carry forward balance of SAR 16,113.98. In case a partial payment of SAR 3,000 is received on April 29th, interest charges for the May 7th statement will be calculated as per the following:
Total interest charges billed in the statement of May 7th will be SAR 684.21
**Interest on retail transactions is calculated on a daily basis since date of transaction, if the outstanding balance is not fully settled by the payment due date.
Example 3 (Month 3): Starting May 7th, Cardholder will have the carry forward balance of SAR 13,798.19. In case the customer does following transactions during this month:
Interest charges will be calculated as per the following:
Total interest charges billed on the 7th of June statement will be SAR 312.04
Examples are Exclusive of Value Added Tax 15%
Foreign Payment example
Foreign transaction amount of Currency A: 1,000
Foreign ATM cash advance example
Foreign transaction amount of Currency A: 1,000
Card | APR | Annual Interest Rate | Monthly Minimum Payment % | Months to Payoff | Balance | Annual Fee |
---|---|---|---|---|---|---|
Platinum* | 41.21% | 33% | 5% | 86 | 7,000 | SAR 300 |
Platinum Plus* | 38.48% | 33% | 5% | 85 | 7,000 | Free |
Mazeed* | 40.29% | 33% | 5% | 85 | 7,000 | SAR 200 |
Infinite** | 42.33% | 33% | 5% | 85 | 7,000 | SAR 700 |
*APR Calculated on Credit Limit Amount of SAR 30,000.
**APR Calculated on Credit Limit Amount of SAR 50,000.
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