Yes, the product is built with the flexibility to control spending by channel (Automated Teller Machine (ATM) cash withdrawal / cash deposit via Cash Deposit Machine (CDM) / Point of Sales / E-commerce) at cardholder level.
 

Example:
Cardholder 1 – Enabled for E-com transactions
Cardholder 2 – E-com transactions are disabled

The card is printed with both the cardholder authorized to use the card and the company name.

Yes, the authorized person can change the overall limit on a company level as far as it does not breach the regulatory requirements. Also, the system is flexible to change the limit on card level as well.

Yes, the option to configure daily limit is available on daily and monthly level.

No, the card will only be delivered to authorized representative as nominated by the Company.

By default, the setup allows 20 cards to be issued. However, based on customers request the setup can be changed to issue more cards.

Only the Corporate can change the limit, the cardholder will not be able to change the limit. The same will be done via the Corporate Portal.

 As per SAMA guidelines daily allowed cash withdrawal limit is SAR 5,000.

The default limit will be set as SAR 20,000 per day which can be increased to a maximum of SAR 200,000 per day for PoS & SAR 60,000 per day for E-com.

Customer can setup different limit on card level for international and local transactions.

The daily cash deposit limit is SAR 100,000 with a maximum per transaction limit of SAR 30,000.

Charges are exclusive of Value Added Tax (VAT). VAT will be charged at the prevailing rate as determined by the Saudi Government (15% as of July 1 st 2020)

* Dispute fees is charged only in case the outcome is not in favor of the cardholder

** Applicable for Customer/Cardholder requests in case of loss of card (will be charged directly

to the First Party/Company Account)

*** International transaction fee of 2.5% + VAT is applicable on the transaction amount. Furthermore, for cash withdrawal an additional SAR 20 + VAT will be charged per transaction.

international transaction fees will apply under the below scenarios :

1- Transaction currency is non-SAR and Country is KSA (DCC)

2- Transaction currency is SAR and Country is non-KSA (DCC)

3- Transaction currency is non-SAR and County is non-KSA

No, only the company is authorized to request for a replacement card which can be done via the Corporate Portal.

The company first must apply for opening a Business Card Account with SAB and SAB will be authorized to issue Business Cards to the employees of the company as per authorized person’s request.

Company Application:

• Application Form
• Terms & conditions
• Initial Disclosure form
• Commercial Registration
• Owner's ID

Employee Application:

• Application Form
• Terms & Conditions
• Initial Disclosure form
• Copy of employee ID/Iqama

Yes, SAB Credit Cards are aligned with Sharia laws.

You can issue as many cards as your business needs without breaching your total credit limit.

You can activate your card simply through SAB SME contact center on 800 124 5666.

Yes, you can make any transaction type through your card either online or through POS.

Yes

Yes, & cash withdrawal limit is 30% of your card limit.

Yes, you can provision your card in Apple Pay and MADA Pay manually.