Al Rajhi Platinum Credit Card
- APR
- 27.0% – 30.0%
- Annual Fee
- $0
You'll be redirected to alrajhibank.com.sa
Our Verdict
This card is a solid choice for those seeking a Sharia-compliant credit option with no fees. However, it may not suit users who require extensive reward programs.
Pros
- 0% profit margin on Tasaheel installment program
- No annual fees until June 2026
- Free additional cards for family members
- Cash withdrawal limit of 30% of credit limit
- Widely accepted Visa network
Cons
- Limited rewards outside partner merchants
- No cashback or points system
- Approval process may take longer than expected
- Potential fees for cash withdrawals after limits
The Al Rajhi Platinum Credit Card offers a unique Sharia-compliant approach, featuring a 0% profit margin on its Tasaheel installment program. This program allows cardholders to make purchases through partner merchants without incurring additional costs. Our analysis found that while this feature is beneficial, it limits earning potential compared to traditional cashback cards.
With no annual fees until June 2026, this card presents an attractive option for cost-conscious consumers. However, the lack of a rewards system may deter those who typically rely on points or cashback incentives. Additionally, the approval process can be lengthy, which might frustrate some applicants looking for immediate access to credit.
The card allows cash withdrawals up to 30% of the credit limit, but users should be aware that exceeding this limit could incur fees. According to the issuer's site, this card is perfect for families as it offers free additional cards for relatives, promoting shared spending without extra costs. Overall, this card serves a niche market but may not fulfill the needs of those seeking comprehensive rewards or fast approval times.
Watch Out
Users seeking robust rewards programs or cashback might need to explore other cards.
Best For
Ideal for families looking for a no-fee credit card with Sharia compliance and easy installment options.
You'll be redirected to alrajhibank.com.sa
