Initial Disclosure Statement
Please read the following important information carefully. If you may have question then please call our customer service numbers, Toll free 800 124 2229 or (+96611) 474 9035. (+96611) 474 8023.
a)
Applicable Fees
The American
Express®
The American Express®
Gold Card
SAR 450 (US$ 120)
SAR 790 (US$ 210)
The Etihad Guest
American Express
Gold Credit Card
$ 150
SAR 450 (US$ 120)
SAR 225 (US$ 60)
SAR 375 (US$ 100)
$ 75
Saudi Riyal
Saudi Riyal or US
Dollars
Saudi Riyal or US
Dollars
Saudi Riyal or US Dollars
US Dollars
US Dollars
2.5% monthly
2.5% monthly
2.5% monthly
-
-
2.5% monthly
2.5% monthly
2.75% monthly
2.75% monthly
2.75% monthly
-
-
2.75% monthly
2.75% monthly
Cash Withdrawal Fee
3.5% or SAR 40
whichever higher
3.5% or SAR 40
whichever higher
Late Payment Fee
From SAR 150 to SAR
375 depending on
the outstanding balance
From SAR 150 to SAR
375 depending on
the outstanding balance
5% or SAR 55 (US$
15)
whichever higher
2.5% or SAR 150
(US$ 40)
whichever higher for
each month
Minimum Payment
5% or SAR 50
whichever higher
5% or SAR 50
whichever higher
SAR 100
SAR 100
3.5% or SAR 40 (US$
10)
whichever higher
From SAR 150 to SAR
375 or US$ 40 to US$
100 depending on the
outstanding balance
5% or SAR 50 (US$
50)
whichever higher
SAR 100 (US$ 30)
3.5% of amount
withdrawn or $10
whichever is higher
From US$ 40 to US$
100 depending
on the outstanding
balance
5% of the total billed
balance or $50
whichever is higher
$30
2.5%
2.5%
-
Types of Fees
Annual Subscription Fee
Supplementary Card Fee
(Optional)
Billing Currency
Monthly Commission on
Outstanding
Balance (Purchases)*
Monthly Commissions on
Outstanding
Balance (Cash
Withdrawals)*
Over Limit Fee
Conversion Fee (for spend
in currencies
other than billing
currencies)
Collection Service Charge
(Monthly)
Fee for Dishonored Cheque
or Direct Debit
Statement Request Fee
SAR 200
The American
Express®
Gold Credit Card
SAR 400
The American
Express® Card
Platinum Credit Card
SAR 900 (US$ 240)
Free
SAR 100
Saudi Riyal
Blue from American
Express®
The Etihad Guest
American Express
Platinum Credit Card
$ 250
$ 125
Full Amount
Full Amount
-
-
3.5% of amount
withdrawn or $10
whichever is higher
From US$ 40 to US$
100 depending
on the outstanding
balance
5% of the total billed
balance or $50
whichever is higher
$30
2.5%
2.5%
2.5%
2.5%
2.5%
-
-
SAR 150 (US$ 40)
SAR 150 (US$ 40)
-
-
SAR 150
SAR 150
SAR 150 (US$ 40)
SAR 150 (US$ 40)
SAR 150 (US$ 40)
$40
$40
SAR 40
SAR 40
SAR 40 (US$ 10)
SAR 40 (US$ 10)
SAR 40 (US$ 10)
$10 per statement
40$10 per statement
4% or SAR 35 (US$ 10)
whichever higher
2.5% or SAR 150 (US$
40)
whichever higher for each
month
(more than three months)
Refund of Credit Balance
Dispute Handling Fee
Membership Rewards
Program (Optional)
Card replacement for
incorrect embossing name
provided by the
cardmember
for each Statement
SAR 100
SAR 150
for each Statement
SAR 100
SAR 150
First year free, 25$
from year 2 onwards.
for each Statement
SAR 100 (US$ 27)
SAR 150 (US$ 40)
SAR 100
SAR 100
Emergency Cash on Card
Fee
5% or SAR 56.25
whichever is higher.
4% or SAR 56.25
whichever is higher.
Overseas Payment Fee
USD 100$ or its equivalent
in Saudi Riyals
USD 100$ or its
equivalent in Saudi
Riyals
-
for each Statement
SAR 100 (US$ 27)
SAR 150 (US$ 40)
First year free, 25$
from year 2 onwards.
for each Statement
SAR 100 (US$ 27)
SAR 150 (US$ 40)
First year free, 25$ from
year 2 onwards.
SAR 100 (US$ 27)
SAR 100 (US$ 27)
SAR 100 (US$ 27)
3% or SAR 56.25
(USD 15) whichever is
higher.
USD 100$ or its
equivalent in Saudi
Riyals
5% or USD 15 (SAR
56.25) whichever is
higher.
USD 100$ or its
equivalent in Saudi
Riyals
4% or USD 15 (SAR
56.25) whichever is
higher.
USD 100$ or its
equivalent in Saudi Riyals
Free.
$27
$40
$27
$40
-
-
$27
$27
4% or USD 15
whichever is higher.
3% or USD 15
whichever is higher.
USD 100$ or its
equivalent in Saudi
Riyals
USD 100$ or its
equivalent in Saudi
Riyals
* Commission (Cash) / Commission (Purchases) are payable only if revolve card bill is not paid in full on or before the payment due date. APR for purchases is 30% and for cash withdrawals 33%.
(b)
The account will be billed in Saudi Riyal for Blue from American Express® and the American Express® Gold Credit Card, whereas The American Express® Platinum Credit Card, The American Express® Card and
the American Express® Gold Card the account will be billed in either US Dollars or Saudi Riyals. For the Etihad Guest American Express Gold Credit Card and the Etihad Guest American Express Platinum Credit Card
the account will be billed in US Dollars.
(c)
For Credit Cards we will apply commissions on all balances that result from all Transactions at a rate of 2.50% per month, on a daily basis and from all cash Transactions at a rate of 2.75% per month, on a daily basis. A
commission will be charged on the amount you owe in respect of the Transactions from the date you make them until payment is received by us. If the payment of the whole of the statement closing balance on a Credit
Card is received by Amex (Saudi Arabia) Ltd. on or before the payment due date, no commissions will be payable. If you wish to utilize the Credit facility and pay Amex (Saudi Arabia) Ltd. an amount less than the
statement closing balance, the balance of amount outstanding from the date of the transaction will attract a commission. All transactions will attract a service charge from the date of transaction at the prevailing rate
once the account uses the Credit facility. This commission will be debited on the last day of the billing date and will be applied on daily outstanding balances. For Charge Cards, all charges are due for payment in full
immediately on receipt of your monthly statement and before the payment due date shown on your statement. If the outstanding balance is not settled before the due date we may charge you Late Payment Charges on
overdue balances monthly in arrears at a charge of SAR 150 to SAR 375 depending on the outstanding statement balance. Charge Card Accounts with payments overdue for 3 months or more will be levied a
collection service charge of US$40 or SAR 150 for each month of delay until payment is made in full to clear all overdue balances.
(d)
A grace period of 25 days will be granted to settle the amount, and the payment due date will be indicated on your statement.
(e)
We will send you a regular monthly statement so that you know how much you owe on your Account. For Credit Cards, each statement will show the total and minimum amount that you must pay to us. The minimum
amount that you need to pay us is indicated in section (a). You can also pay anything up to the total amount you owe, if you wish. In the case of Charge Cards each statement will show the total balance that you must
pay to us. .
(f)
All Transactions including Cash Withdrawals, incurred in currencies other than the billing currency of the Account (“Non-Billing Currency”), will be converted into the Account’s billing currency (“Billing Currency”).
Unless the applicable laws require a specific conversion rate, the American Express® Global Network, will use conversion rates based on interbank rates, which they select from customary industry sources on the
business day prior to the date of processing the transaction. A nominal conversion fee of 2.5% on the converted amount will be added by Amex (Saudi Arabia) Ltd. (“Amex”), the Issuer of your Card. The conversion
will be made on the date of processing the transaction, which may not be the same date when the transaction was made since this depends on the time when the transaction was submitted to American Express® Global
Network. The conversion rates may also vary accordingly. At the time of conversion, all transactions, which are incurred in currencies other than US Dollars, will be converted to US Dollars before being converted to
the Billing Currency. Amounts converted by independent third parties are billed as converted by them.
An illustrative example is given below.
Transaction Value (Non-Billing Currency)
USD Equivalent
Currency Conversion Fee (@ 2.5%)
Total Transaction Value in USD (If US$ is the Billing
Currency)
USD to SAR Conversion Rate
Total Transaction Value in SAR (If SAR is the Billing
Currency)
Euro 100
USD 135.72
USD 3.39
USD 139.11
3.75
SAR 521.67
(g)
We provide Credit information related to our Cardmembers to The Saudi Credit Bureau (SIMAH) on a monthly basis. The information provided reflects the status as at the previous month-end and includes information
regarding whether the Card account is regular or delinquent. To avoid any adverse Credit history with SIMAH, Cardholders should ensure that they make timely payment of the amount due on the Card account.
(h)
Detailed conditions governing the use of the American Express Card are included in the Terms & Conditions, which is available https://www.americanexpress.com.sa/termsandconditions. The signature of, or the use of
the Card(s) shall be deemed as formal approval of the said Terms & Conditions with any subsequent amendments. If you do not accept the terms and conditions, you can terminate this agreement (without incurring fees)
by calling our customer service hotlines within 10 days after receipt of the card(s). The Terms & Conditions shall be unilaterally and periodically reviewed, updated and amended by Amex (Saudi Arabia) Ltd., and 45
days’, notice will be provided to you prior to entering into full effect, and in case of changing financing commission rates,, the notice will be provided to you 60 days in advance.. The up-to-date version displayed over
this web page shall contain any such amendment(s), and shall therefore be deemed valid, entering into full effect, automatically after the notice period replacing and superseding the previous provision(s) whether
contained in the Terms & Conditions in written form accompanying the Card(s) when delivered to you or previously displayed over this web page. . The use or possession of the Card(s) after the notice period shall be
deemed as your formal and absolute approval to such Terms & Conditions.
.
(i)
(j)
Upon its approval by Amex (Saudi Arabia) Ltd., this application and all supporting documents shall constitute integral parts of the Terms & Conditions. I agree that American Express® have the right to keep all the
documents supplied with this application.
I fully understand and agree that the American Express statement of account will be sent via e-mail to my personal e-mail address provided in the application form. If no e-mail address is provided in this application
form, American Express will send me a printed copy by mail to either my personal or work address.(k)
Enrolment for Membership Rewards program is optional. If you wish to cancel your membership please call our
toll free number. Please refer to the terms and conditions for more details