FAQ
What is Tamkeen Plus Credit Card?Tamkeen Plus is a high limit sharia compliant credit card allows for flexible repayment. The Card has a profit rate of 1.8% per month
Is Tamkeen Plus credit card compatible with sharia committee?Tamkeen Plus credit card is based on murabaha financing where goods are purchased and sold with the customer's consent to issue the card.
Are there any interest or profit fees on the card?(Tamkeen Plus credit card offers you the one of the lowest profit rates at 1.8% per month as part of your monthly allowance on your card) however, when you pay the full amount due on time, there will be no profit on the card.
What are the payments due date on Tamkeen Plus credit card? Payment is automatically made on the 25th of each calendar month. Cardholder may opt to pay (5 % of the outstanding balance or minimum of 200 riyals, whichever is higher) of the balance.
Can the customer make an early payment for Tamkeen Plus credit card?Yes, the customer can make a payment via Albilad Net or Albilad App
What is the point-of-sale limit for Tamkeen Plus credit card?100% of the credit limit available for the card.
What is the cash withdrawal limit for Tamkeen Plus credit card?Cash withdrawal limit is capped at 30% of the total card limit.
Is it possible to add additional funds to Tamkeen plus credit card? Yes, a balance can be added above the credit card limit.
What is the date of the statement of account? The statement of account is issued at the beginning of each calendar month
Are there welcome points when issuing a Tamkeen Plus credit card?
Yes, there is currently an offer on the new issuance of the card, until 31 May 2025, according to the following table:
| Welcome Points |
| Tamkeen Plus Infinite Credit Card
| 250,000
|
When will the welcome points be credited?When linking new cards to Mukafaat Albilad Program.
Is it required to register for Mukafaat Albilad Program? Yes, you must register with Mukafaat Albilad Program to get the welcome points.
Is it necessary to make purchase transactions to get the welcome points?It does not require any purchase transactions to get the welcome points.
Is the customer required to link the new issued card to Mukafaat Albilad Program?Yes, the new cards must be linked to Mukafaat Albilad Program.
How many times can I benefit the welcome points offer?
The welcome points offer once per customer.
What are the rewards points earned by type of transaction and type of card?
| Product | Reward Points Earned Per 1 SAR - Domestic Spend | Reward Points Earned Per 1 SAR - International Spend |
| Albilad Tamkeen Plus INFINITE Card | 5
| 6.5
|
After completing the application, will the customer receive a physical card?After completing the application, the customer will be requested to activate the virtual card. In case the customer wants a physical card, he/ she can request one through Albilad App (Delivery and printing fees are applied).
In case customer did not sign the commodity contract or promissory note in time, will his application be cancelled?Yes, if customer did not sign within the time limit, his/ her application will be cancelled, and an SMS will be sent to him/ her
In case customer did not sell the commodity in time, will his application be cancelled?No, the bank system will sell on his/ her behalf, and an SMS will notify him/ her to complete the application through Albilad app
In case there are missing documents from the customer application, will he be required to go to the branch to provide them?Customer should resume the application online and submit the missing documents through Albilad app without the need to visit the branch
How to register in Mukafaat Albilad program?- Login to Albilad App or Albilad Net
- Choose “Mukafaat Albilad” icon from the main menu
- Accept “Terms & Conditions”
- You will be automatically redirected to your account in Mukafaat Albilad program
What are the issuance and renewal fees for the Tamkeen Plus credit card?
Fees (SAR)
| VAT | Tamkeen Plus Infinite | | Annual fees for the Main Card | 15% | 1250
| | Annual fee for Supplementary Card | 15% | 600 | | Replacement Card Fees | 15% | 600 | | International replacement card issuance fee | 15% | USD 287.50 | | Re-issue fees | 15% | 100 | | Cash Withdrawal Fee | 15% | SAR 75 for each transaction | | Alternate Account Statement Fee - Additional | 15% | 20 | | Transaction dispute | 15% | 50 | | Optional Issuer Fee (OIF) for transactions whose currency is different from Riyal | 15% | 2.75%
|
All Fees are VAT exclusive
How does Bank Albilad calculate the profit?
To view the method of calculating the profit margin,
click here
To view the full terms and conditions click here How can I apply for Tamkeen plus card ?
You can apply for new tamkeen plus via our RMB, visiting our branch or calling us 8001236666
When will the extra points be added to my balance?The points will be added to your Mukafaat Albilad balance after 30 days from the end of the offer.
Current Offers for New Issuance and Additional Offer on Card Usage as per the Table Below: amkeen Plus Card Type
| Welcome Points Upon Activation
| Bonus Points on SpendingTotal Earned Points
| Total Earned Points
| Minimum Spending Requirement Within 90 Days
| Minimum Credit Limit
| Infinite
| 250,000 Points
| 250,000 Points
| 500,000 Points
| 25,000
| 30,000
|
FAQs
What is the welcome points offer I will receive?You will earn welcome points upon issuing and activating the physical card and enrolling in the Albilad Rewards Program.
What is the additional welcome points multiplier offer?You will receive an additional 250,000 welcome points when you spend SAR 25,000 within 3 months from the card issuance date, allowing you to double your points during the promotional period.
Do I need to make purchases or point-of-sale transactions to receive the welcome points?No, welcome points are awarded without the need for any purchases or point-of-sale transactions.
Can I convert my welcome points into cash in my current account?Yes, all points, whether earned from purchases or welcome points, can be converted into cash in your current account through the Albilad Rewards Program.
Is there a difference in the value of points when redeemed as cashback or shopping vouchers?No, there is no difference—the points hold the same value across all redemption options in the Albilad Rewards Program.
How can I use my points?You can redeem your points for a variety of rewards, including:Flight ticketsHotel bookingsShoppingPoints transferDonating pointsCashback redemption
When will the welcome points be credited?Welcome points will be credited upon linking the newly issued cards to the Albilad Rewards Program.
Is registration in the Albilad Rewards Program required?Yes, you must register in the Albilad Rewards Program to receive the welcome points.
When will the additional points be added to my balance?The additional points will be credited to your Albilad Rewards balance within 30 days after the promotion period ends.
How many times can I benefit from the welcome points offer?The welcome points offer is available only once per customer.
Do I need to manually add the newly issued card to the Albilad Rewards Program, or will it be added automatically?Yes, you must manually add your new card to the Albilad Rewards Program.
Can you explain the 2.15% cashback offer?For every SAR 1 spent using the Tamkeen Plus Card, you will earn up to 6.5 points in the Albilad Rewards Program, which translates to a return of up to 2.15% on your spending.
Will I receive the cashback directly on the card?No, you will earn points in the Albilad Rewards Program, which you can convert into cashback of up to 2.15% of your total spending.
What will happen if I don’t spend the mentioned amount?
You will not get the extra points
How many welcome points I will get?
You will get new welcome points depend on your type or card:
Infinite:250000 pointsWhat is the double point offer?
When you receive your new tamkeen plus you should spend at least 25,000 within 3 months from the card issuance date in order todouble their welcoming pointsInfinite: 25,000
Terms and Conditions for Welcome Points OfferWelcoming points offer is applicable on cards issued until 31 May 2025
Offer is applicable on Tamkeen Plus cards for new customersThe card and account status must be active at the time of crediting points.- Customer must activate plastic card and subscribe to Mukafaat Albilad in order to get the welcoming points.
- Customer must spend at least 25,000within 3 months from the card issuance date to double their points during the offer period.
- Card issuance period from March 5, 2025, until May 5, 2025.
- The offer applies to all purchases locally or internationally.
- Points will be deposited to customers after 30 days from the end of the offer.
- The offer applies to new Tamkeen Plus cards
- Card and account status must be active at the time of points deposit.
- The offer applies for point of sales and e-commerce and Apple pay
- The value of points for canceled or refunded transactions will be reversed and will not be included as part of points.
- The amount of points will be canceled and refunded if any fraud or fraud is discovered by the parties involved in the process.
- Digital wallets are excluded from this offer.
- Bank Albilad has the right to stop the offer or amend or change the terms and conditions of the offer at any time.
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