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.

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.

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

Currently all fees are waived except card replacement and dispute transaction fee.
 

Card Replacement Fee – SAR 50 + VAT
Dispute Transaction Fee – SAR 50 + VAT

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.