SAB Credit Card Cardholders (Except for SAB Visa Credit Card * My Card and SAB Business Credit Card) are able to convert eligible transactions to AQSAT 0% annual percentage rate for all merchants byselecting the most convenient repayment duration.
Salient features:
- Applies to any transation of over SAR 500 made on your primary or supplementary card but no more than 95% of maximum available limit
- Conversion to AQSAT program within 15 days from the transaction date
- Flexible repayment term of 3, 6, 12 or 24 months
- Lowest annual percentage rate starting 0% per annum
- Detailed monthly statements
- No need of a guarantor
- No down payments
- No restrictions on number of installment plans allowed within the available credit limit
- The following table highlights the minimum and maximum transaction amount for respective term/tenure
Repayment Term (Month) | 3 | 6 | 12 | 24 |
Minimum Transaction Amount (SAR) | 500 | 500 | 2,000 | 5,000 |
Maximum Transaction | Up to a maximum of available Credit Limit but not more than 95% of the total limit |
The table below is an example of how SAB AQSAT works based on a transaction of SAR 5,000 converted in to the AQSAT Plan for 3, 6, 12 and 24 month tenors
AQSAT Installment Calculation -
SAR 5,000 Transaction |
Tenor | 3 Months | 6 Months | 12 Months | 24 Months |
Annual percentage rate (APR) | 0% | 0% | 0% | 24% (12% annual rate) |
Monthly Installment (SAR) | 1,666.7 | 833.3 | 416.7 | 258.3 |
Administration Fee (Fixed amount) | No Fee | 113.85 | 228.85 | 57.5 |
Simply follow the below steps to benefit from SAB AQSAT:
- Use the SAB Credit Card and make a minimum purchase of SAR 500
- Login to SAB Online
- Click on Apply for AQSAT under cards tab
- Choose preferred Credit Card
- Choose transaction you would like to apply for AQSAT
- Choose the AQSAT period
- Agree on the Terms & Conditions
- Click continue
- Confirm your details
- Conformation page
Payfort Installments provides you with the flexibility to choose your preferred installments plan with 0% annual percentage rate for all merchants.
FOR FURTHER DETAILS ON AQSAT AND ITS TERMS AND CONDITIONS,
PLEASE SEE BELOW OR CALL SAB Phone ON 800 124 5557 .