In the realm of banking convenience, Al Rajhi Bank stands out as a beacon of seamless financial transactions. Among its array of services, the Al Rajhi credit card offers unparalleled flexibility, allowing you to withdraw funds from your bank account effortlessly. However, it’s crucial to note that such convenience comes with additional charges, contingent upon the bank’s policies and the type of credit card you possess. In this article, we delve into the intricacies of withdrawing funds from an Al Rajhi credit card, elucidating the steps involved and the associated withdrawal fees.
Steps to Withdraw Funds from Al Rajhi Credit Card
Before embarking on the journey of withdrawing funds from your Al Rajhi credit card, it’s imperative to adhere to a set of pivotal steps, including:
- Locate an ATM: Head to any available Automated Teller Machine (ATM) within the Kingdom of Saudi Arabia and insert your credit card into the designated slot.
- Select Withdrawal Option: Upon insertion, you’ll be presented with various options such as deposit, transfer, and withdrawal. Opt for the withdrawal option and proceed by clicking on ‘Continue’.
- Enter PIN: Enter your confidential Personal Identification Number (PIN), which is assigned to you upon receipt of the credit card. Note that this PIN cannot be altered via the ATM or branch.
- Specify Withdrawal Amount: Subsequently, you can specify the desired amount to be withdrawn and click on ‘Confirm’ or ‘Withdraw’.
- Instant Deduction: The specified amount will be deducted instantly. It’s noteworthy that the bank imposes substantial fees on financial transactions or money transfers, not exceeding 3% of the original amount.
For further insights into the world of Al Rajhi banking, consider exploring our detailed guide on opening an account with Al Rajhi.
Withdrawing Funds from Al Rajhi Credit Card via Al Rajhi App
In an era dominated by technological advancements, Al Rajhi Bank caters to modern-day convenience through its innovative mobile application. Here’s how you can withdraw funds from your Al Rajhi credit card using the Al Rajhi app:
- Login to Al Rajhi App: After downloading the Al Rajhi app on your mobile device, log in to your account.
- Navigate to ‘Cards’: Once logged in, navigate to the ‘Cards’ section.
- Select Desired Card: Choose the credit card from which you intend to make the transfer.
- Initiate Transfer: Click on ‘Transfer from Card’.
- Specify Recipient Account: Select the account to which you wish to transfer the funds.
- Proceed with Confirmation: Enter the One-Time Password (OTP) sent to your registered mobile number and click on ‘Confirm’.
By following these simple steps, you can seamlessly transfer funds from your Al Rajhi credit card using the Al Rajhi app, ensuring convenience at your fingertips.
Advantages of Al Rajhi Credit Cards
Al Rajhi credit cards stand as a testament to the bank’s commitment to catering to the diverse needs of its clientele. Here are some notable advantages of Al Rajhi credit cards:
- Cash Withdrawal Flexibility: Enjoy the flexibility of cash withdrawal, both locally and internationally, up to 30% of the credit card limit.
- Global Acceptance: Al Rajhi credit cards are accepted at over 30 million local and international points of sale, including 900,000 ATMs worldwide.
- NFC Technology: Benefit from Near Field Communication (NFC) technology, enabling you to utilize services such as Mada Pay and Apple Pay.
- Enhanced Security: With features like 3D Secure and EMV chip, Al Rajhi credit cards offer a high level of security, safeguarding your personal information.
- SMS Notifications: Stay informed about all financial transactions through free SMS notifications, providing real-time updates on card activity.
Additionally, Al Rajhi credit cardholders can opt for extended warranty protection and buyer protection programs, ensuring peace of mind with every purchase.
Types of Al Rajhi Bank Credit Cards
Al Rajhi Bank offers a variety of credit cards catering to different needs and preferences of customers. These credit cards are designed to provide convenience, flexibility, and exclusive benefits to cardholders.
Al Rajhi Signature Credit Card
The Al Rajhi Signature Credit Card is tailored for individuals seeking premium services and privileges. With this card, customers can enjoy a host of benefits including complimentary access to airport lounges, travel insurance coverage, concierge services, and exclusive discounts at partner merchants.
Al Rajhi Platinum Credit Card
The Al Rajhi Platinum Credit Card is ideal for those looking for a balance between affordability and perks. Cardholders can avail themselves of features such as cashback rewards, dining discounts, complimentary roadside assistance, and travel benefits.
Al Rajhi Selective Credit Card
The Al Rajhi Selective Credit Card offers customized solutions to meet the diverse financial requirements of customers. It provides flexibility in payment options, personalized credit limits, and specialized offers tailored to individual spending patterns.
Al Rajhi Infinite Credit Card
The Al Rajhi Infinite Credit Card is designed for high-net-worth individuals seeking unparalleled privileges and luxury experiences. With this card, customers can indulge in exclusive lifestyle benefits, premium travel rewards, VIP airport services, and 24/7 concierge assistance.
Fees for Withdrawing Cash from Al Rajhi Credit Cards
Al Rajhi Bank imposes certain fees for cash withdrawals using its credit cards. These fees are outlined below:
- The withdrawal fee for Al Rajhi Credit Cards is approximately 5000 Saudi Riyals.
- For cash withdrawals exceeding 5000 Saudi Riyals, a fee of around 3% of the withdrawn amount is charged, with a maximum fee cap of 300 Saudi Riyals.
- Customers incur a fee of approximately 3.5 Saudi Riyals for inquiring about their balance at ATMs outside Saudi Arabia.
- An annual fee of 990 Saudi Riyals is applicable for Al Rajhi Credit Cards.
- A fee of around 500 Saudi Riyals is charged for acquiring three or more credit cards.
- International transaction fees are estimated to be around 2.75% of the transaction value.
- The fee for erroneous disputes is approximately 50 Saudi Riyals.
How to Apply for an Al Rajhi Credit Card
Applying for an Al Rajhi Credit Card is a straightforward process. Here’s how you can do it:
- Download the Al Rajhi Mobile App from the respective app store.
- Open the app and select the “Individuals Direct Service” option.
- Register for the service and navigate to the “Credit Card” section.
- Choose the type of credit card you wish to apply for and provide the necessary personal information such as name, address, and mobile number.
- Submit your application, and if it meets the eligibility criteria and terms and conditions, your Al Rajhi Credit Card will be successfully processed.
Alternatively, you can visit any Al Rajhi Bank branch, fill out the credit card application form, and receive your card within 30 minutes.
Transferring Funds from Al Rajhi Credit Card to Current Account
Transferring funds from your Al Rajhi Credit Card to your current account is a convenient process. Here’s how you can do it:
- Visit an Al Rajhi Bank branch and request a fund transfer from your credit card.
- Specify the amount you wish to transfer along with the applicable fees.
- The designated amount will be deducted from your credit card and deposited into your current account.
- Alternatively, you can initiate the transfer via phone by contacting customer service and selecting the appropriate option.
Frequently Asked Questions
Q: Does Al Rajhi Bank offer emergency cash withdrawal services?
A: Yes, Al Rajhi Bank provides emergency cash withdrawal services, also known as the “Al Rajhi Emergency Cash Service.”
Q: Are there any fees associated with Al Rajhi Credit Cards?
A: Yes, Al Rajhi Credit Cards entail various fees such as annual fees, transaction fees, and cash withdrawal fees.
Q: When should I settle my Al Rajhi Credit Card dues?
A: It is advisable to settle your credit card dues before the due date to avoid accruing interest charges. Typically, the billing cycle starts from the 1st of the month and ends on the 31st, with a payment due date around the 25th.
Q: What are the penalties for non-payment of Al Rajhi Credit Card dues in Saudi Arabia?
A: Initially, customers may incur financial penalties for non-payment. Continued non-payment could lead to suspension of banking services due to default on credit card obligations.
