Dear Valued Cardmember,
At American Express Saudi Arabia, we strive to provide our Business clients with world-class products and services. As part of our ongoing drive to further deliver and enhance our features and benefits we shall be changing our Business Agreement for our American Express Business Cards effective 29th November 2020.
We will no longer apply a fixed Administration Fee to your account. Instead, we shall be applying a Sharia compliant Murabaha Margin Fee of 2.5% per month on the unpaid portion of your statement balance. For clients that pay the full outstanding balance on or before the due date printed on their statement, they will not be charged the Murabaha Margin fee for that month.
Please note that the fixed fee pricing will remain in place for all transactions up to 28th November 2020.
Your Statement date 28th of the month:
The fixed fee will remain in place until 28th November. The new changes will come into effect and appear on your 29th December Statement.
In addition to the above, your Business Card will now be changed to a Revolve Card to give you the chance to pay the minimum amount due instead of paying the full balance.
Should you have any questions or queries relating to this change, please contact your Business Relationship Manager or alternatively contact the Corporate Customer Services on +966 (11) 292 6661
Chief Commercial Officer
American Express Saudi Arabia
Terms & Conditions
- You can terminate this Agreement (without incurring fees) by calling Our customer service phone numbers within 14 calendar days after receipt of the communication(s).
- Terms and Conditions of American Express Saudi Arabia apply.
- Copyright 2020. American Express Saudi Arabia All Rights Reserved.