Non-compliance with the Terms & Conditions of American Express Saudi Arabia's credit and charge Cards may result in cancellation /suspension of your Card/Additional Cards and a negative impact on your credit bureau record. Minimum payments on your credit card may result in additional charges and fees due to the application of the Murabaha margin to the outstanding balance.
Paying only the minimum amount owed to us can result in additional fees and charges as well as prolonging the time to repay the full amount owed to us. For example, if you have an outstanding balance of Ʀ 7,000 and you choose to pay only the minimum due, it will take 81 months to settle the balance in full. The total amount due isƦ 13,296, which includes both the outstanding balance and the Murabaha Margin.
American Express Saudi Arabia is regulated and supervised by the Saudi Central Bank.
