What are the features of Tamkeen plus platinum ?
- Compatible with Bank Albilad Shariah Committee
- Earn up to 1.49% on daily purchases with Mukafaat Albilad, available until December 31, 2024.
Welcome points offer is available for new Cards until December 31, 2024.
The offer to issue the Tamkeen Plus card for free for life is available until December 31, 2024.- The card can be used for online purchases, POS, or ATM locations across Saudi Arabia and around the world
- Easy to add the card in
Apple pay and Mada pay
Airport VIP lounges access in many airport lounges globally with yourTamkeen plus Platinum credit card through Visa Airport Companion application. For more information concerning participating lounges Click here
- Protection: The card provides protection to the cardholder, covering medical and legal referrals as well as purchase protection
- Get a statement periodically
- Follow your purchases via mobile text messages
- Take advantage of
Mukafaat Albilad loyalty program for travel and tourism rewards, purchase vouchers or even cashback! Competitive exchange and exchange rate when shopping around the world
For more information on visa benefits
click hereSmartDelay will provide you with complimentary access to one of over 1300+ airport lounges in more than 500 airports across 100+ countries in case of flight delay.For more information on SmartDelay, click here
Terms and conditions apply
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FAQ
Why do I apply for Tamkeen Plus credit card?Tamkeen Plus credit card provided by Bank Albilad is fully compliant with the Islamic Shariah committee and it offers you benefits that meet your needs.
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
How much is the minimum salary?Minimum monthly salary starting from 3,000 riyals
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 December 31, 2024., according to the following table:
| Welcome Points |
| Platinum
| 15,000 | | Signature | 75,000 | Infinite
| 250,000
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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.
How many times can I benefit the welcome points offer?
The welcome points offer once per customer.
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.
What are the rewards points earned by type of transaction and type of card?
| Card Product | Reward Points Earned Per 1 SAR - Domestic Spend | Reward Points Earned Per 1 SAR - International Spend | Albilad Tamkeen Plus Platinum Card
| 3.5
| 4.5
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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 Platinum | | Annual fees for the Main Card | 15% | 550 | | Annual fee for Supplementary Card | 15%
| 250 | | Replacement Card Fees | 15% | 250
| | 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%
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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
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