General Information for Meethaq Credit Cards
Key Features
- Shariah Compliant Credit Card based on the concept of Ujrah.
- Avail up to 52 days of free credit period.
- Providing a credit limit up to:
| Credit Card Type |
Visa Gold |
Visa Platinum |
Visa Signature |
Mastercard Lulu |
| Max Limit |
RO 999 |
RO 2,499 |
RO 7,500 |
RO 1,250 |
Easy Payment Plan providing an option to buy now, pay later at selected merchants.
Eligibility
- A minimum salary of 250 OMR for Omanis and 500 OMR for expatriates. A higher minimum salary may be required depending on the employer tier.
- The customer's salary must be transferred to their Meethaq account.
- In the absence of salary transfer, the credit card can be availed based on marking lien on customer's deposit.
- Maximum Debt Burden Ratio for Credit Card is 50% and 60% for the customers with home finance. For Pensioners, the debt burden is reduced to 30% for credit card and 40% for the customers with home finance.
- The customer should be between the ages of 18 – 60 years to apply for the credit card. The pensioners can apply for the credit card up to the age of 70 years.
- The Bank will assess the documents provided by the customer and may decline the credit card application based on other eligibility criteria.
Fees and Charges
| Fees and charges type |
Visa Gold |
Visa Platinum |
Visa Signature |
Mastercard Lulu |
| Annual/Joining Fee: Primary Card |
RO 10.5 |
RO 52.5 |
RO 105* |
RO 10.5 |
| Annual/Joining Fee: Supplementary |
RO 5.25 |
RO 5.25 |
RO 31.5 |
RO 5.25 |
| Ujrah Fee** |
RO 7 |
RO 14 |
RO 35 |
RO 15 |
*Joining & Annual Fee for Visa Signature card is not charged to Hafawa customers.
**Ujrah fee may be waived in case the customer makes 100% payment of the due amount within the due date as per the sole discretion of the Bank
- Cash Withdrawal Fee/Transaction: RO 2.625
- Late Payment Fee: 1% p.a on the overdue amount
- Minimum Amount Due: 5% of outstanding or RO 20 (whichever is higher)
- Forex Conversion Rate: 2.5%
Other Terms and Conditions
- The use of the card is restricted to the cardholder under the name printed on the card.
- Each issued card will have an expiry date; however, the card will be automatically renewed upon expiry subject to the discretion of the Bank.
- A card statement listing the transactions billed to the card shall be sent to the cardholder monthly or at such intervals as the Bank may deem fit on the statement date.
- The Bank shall use its best endeavors to pre-notify the customer of any amendments to the
Terms and Conditions by way of SMS to the customer's registered mobile number or e-mail to the customer's registered e-mail address or upload to the Bank's website.
