2023-10-30 22:40:00
What is the penalty for not paying credit cards in Saudi Arabia and what are the payment methods? Credit cards are considered one of the services that many banks provide to customers with the aim of obtaining all services, including purchasing and paying later. In the event of non-payment, many penalties are imposed, which we will show later.
What is the penalty for not paying credit cards in Saudi Arabia?
Many banks provide the beneficiary with credit cards that enable the individual to obtain funds directly or through commercial benefit from anywhere in the world. The method and date of deducting the amount are determined on a monthly or periodic basis, and in the event of non-payment the following penalties are imposed:
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What are the payment methods for credit cards in Saudi Arabia?
There are many ways to pay credit card dues, the most important of which are the following:
1- Credit card through telephone banking service
Call the customer service number of the bank from which you own the card. Select number 1 to access your account and credit cards. Write your credit card number and phone number to verify your identity. You are asked to set a password for the telephone banking service, which must consist of 4 numbers. Select the number 2 to take advantage of card options. Select the number 2 once more to pay the credit card amount due. Follow the instructions provided to enter the required amount and confirm the payment.
2- Pay the credit card through an ATM
Visit the nearest ATM of the bank from which you obtained the card. Select the Arabic language to continue. Click on the credit card settlement service. Deposit the amount due on the card. Select Confirm all information and the amount due will be deducted.
Many major financial institutions in the Kingdom of Saudi Arabia provide many distinctive services, including benefiting from purchasing via credit cards and paying at a later time. In the event of default in payment, a penalty is imposed on the individual.
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