The Saudi Central Bank (SAMA) issued updated rules governing the issuance and operation of credit cards, replacing the previous framework for credit cards and monthly charges. The new requirements are intended to improve disclosure and transparency and reduce the cost of credit cards for consumers. The rules set guidelines for credit card issuers and include detailed provisions on credit card operations aimed at increasing consumers’ financial awareness and supporting a regulatory environment that promotes financial sector innovation. Separately, SAMA has worked with international card schemes to review and revise fees and charges for credit card transactions as part of its broader strategy to enhance digital payments for consumers and visitors to the Kingdom in line with Saudi Vision 2030.
Saudi Arabian Monetary Authority 2025-06-19
Saudi Central Bank updates credit card issuance and operation rules to strengthen disclosure and revise fees
The Saudi Central Bank (SAMA) has updated rules for credit card issuance and operation, focusing on improved disclosure, transparency, and reduced consumer costs. The guidelines aim to enhance financial awareness and foster innovation in the financial sector. Additionally, SAMA is collaborating with international card schemes to revise transaction fees, supporting digital payment advancements aligned with Saudi Vision 2030.