SAVE WHILE TRAVELING ABROAD
When using your AlAhli Credit Card overseas, some merchants might ask you to pay with the Saudi Riyal (SAR) or the local Currency which is the country you are visiting (E.g. US Dollar in the US, or AED in UAE)
Therefore, we advise you to always choose the local currency for the below benefits:
To avoid hidden currency exchange rate, applied by the merchant, which might be up to 5%, in comparison with the fixed currency exchange rate applied by SNB that is 2.75% when using your AlAhli Credit Card overseas.
To earning additional ‘LAK’ points up to 50%, only when using the local currency of the country you are visiting.
Example1: If a transaction was performed in London, United Kingdom:
| | If you choose to pay in GBP (£) | If you choose to pay in SAR |
Transaction Amount | £1,000 | SAR 1,000 |
Conversion Rate | 4.667 | 4.667 |
FX Mark-up | 2.75% | 3.0% |
Final Amount Charged to Your AlAhli Credit Card | SAR 4,795.34 | SAR 4,807.01 |
Savings | SAR 11.67 | |
LAK Points gained (using Mass Rate) | 7192 | 4807 |
Additional Lak Points Earned | 2,385 | |
Example2: If a transaction was performed in Dubai, United Arab Emirates:
| | If you choose to pay in AED | If you choose to pay in SAR |
Transaction Amount | AED 1000 | SAR 1000 |
Conversion Rate | 1.021 | 1.021 |
FX Mark-up | 2.75% | 3.0% |
Final Amount Charged to Your AlAhli Credit Card | SAR 1049 | SAR 1051 |
Savings | SAR 3 | |
LAK Points gained (using Mass Rate) | 1573 | 1051 |
Additional Lak Points Earned | 522 |
|
Note: VAT is applied on Forex Markup as per Royal Decree NO.(M/113) dated 02/04/1438, a Value Added Tax (VAT) would be introduced effective 01 January 2018.
Transaction Amount | 1,000 $ |
Conversion Rate | 3.75 |
Transaction Amount in SAR | 3,750 SAR |
FX Mark-Up 2.75% | 103.12 SAR |
VAT 15% on Forex Markup | 15.46 SAR
|
Total Charged (with VAT) | 3,868.56 |
