Best Cash Back Credit Cards in Saudi Arabia
Cash back credit cards can be a great way to earn rewards on your everyday purchases.
In a country where shopping is as much a pastime as it is a necessity, getting a little something back on our purchases is always welcome. Let's explore some of the best cash back credit cards available in the Kingdom and see which one might be the right fit for you.
1. Al Rajhi Bank Cash Back Credit Card: The People's Champ
Why It's Great:
This one's pretty popular, and for good reason. It's straightforward – you get 1% cash back on everything you buy. No fuss, no muss. I like that it's Shariah-compliant too, which matters to a lot of folks here.
Key Features:
1% Cash Back on Everything: From your morning coffee to your weekly grocery run, earn on all purchases.
Shariah-compliant: Aligned with local values and financial practices.
The Catch:
There's an annual fee, but depending on your spending habits, the rewards may offset this cost.
2. SAB Advance Credit Card: The Category King
Why It's Great:
Now, this card is interesting if you spend a lot on groceries, fuel, and eating out. You can earn 3% back on these categories, which is pretty great. They also throw in a welcome bonus – up to 500 SAR if you spend enough in the first few months.
Key Features:
3% Cash Back on Groceries, Fuel, and Dining: Higher rewards on everyday essentials.
Welcome Bonus: Up to 500 SAR when you meet initial spending requirements.
The Catch:
Earnings are capped in the higher-reward categories, so it's best suited for moderate spenders.
3. Saudi National Bank (SNB) Cash Back Credit Card: The Straightshooter
Why It's Great:
I have a friend who swears by this card. It gives you 2% back on everything, which is pretty generous. Plus, it comes with complimentary travel insurance, which is handy if you're always on the go.
Key Features:
2% Cash Back on Everything: Whether you're shopping in local markets or international retailers.
Complimentary Travel Insurance: A nice perk for both domestic and international travelers.
The Catch:
There's an annual fee, but the higher cash back rate can help offset this cost for frequent users.
4. Alinma Bank Platinum Credit Card: The High Roller
Why It's Great:
This one's for the high rollers. You get 2% cash back on all your purchases, plus some fancy perks like airport lounge access. A good choice for people who travel a lot for work.
Key Features:
2% Cash Back: On all purchases, from everyday items to luxury goods.
Airport Lounge Access: A touch of luxury for frequent travelers.
The Catch:
Higher annual fee, but the perks can be valuable for those who travel often and spend regularly.
5. American Express (Amex) Platinum Credit Card: The Global Player
Why It's Great:
Okay, this is the cream of the crop. Up to 5% cash back on certain categories, plus a ton of exclusive offers. But let me tell you, it's not easy to get approved for this one. They're pretty picky about who they give it to.
Key Features:
Up to 5% Cash Back: On select categories, perfect for those with diverse spending habits.
Exclusive Offers: Special discounts at high-end retailers and restaurants.
The Catch:
High annual fee and strict approval criteria. This card is designed for high-income individuals with excellent credit.
Wrapping It Up: Choosing Your Cash Back Companion
Picking a cash back card really depends on how you spend your money. If you want to keep it simple, go for Al Rajhi or SNB. If you're all about groceries and gas, SABB might be your best bet.
For the jet-setters and big spenders, Alinma or Amex could be worth looking into. Just make sure you're spending enough to justify those annual fees.
Just remember, no matter which card you choose, the golden rule is to pay off your balance in full each month. Those interest charges can eat up your cash back real quick!