- An Annual Fee for Primary Card(s) may be chargeable from the first year.
| Infinite
(Visa) |
Platinum
(Mastercard) |
Manhattan Platinum (Visa) | Platinum X
(Mastercard) |
||
| Annual Fee
(for Primary) |
Staff | AED 1,575
Waived for 1st year if New to Product |
AED 525
Waived (for non- cashback card holders) |
Waived | AED 525
Waived (for non- cashback card holders) |
| Non-staff | AED 1,575
Waived for 1st year if New to Product |
AED 525 | AED 525 | AED 525 | |
| Annual Fee
(for Supplementary) |
Staff | Free | Free | Free | Free |
| Non-staff | 2 cards first year free then AED 525 from second year
3rd card onwards AED 525 from first year |
2 cards free
3rd card onwards AED 105 from first year |
2 cards free
3rd card onwards AED 157.50 from first year |
2 cards free
3rd card onwards AED 105 from first year |
Finance charges
| TYPE OF CREDIT CARD | INFINITE (VISA) / PLATINUM (MASTERCARD) / MANHATTAN PLATINUM (VISA) / PLATINUM X (MASTERCARD) | |
| Retail Transactions Finance Charge (interest)* | 3.45% per month | |
| Cash Advance Fee | 3.75% per month | |
| Cash Advance Finance Charge (interest) | Staff | Waived |
| Non-staff | 3.15% on value of transaction or AED 105 (whichever is higher) | |
Note: *If you do not make full payment, interest will be calculated daily as per the rates applicable on each credit card type.
- You are expected to make a minimum payment due of 1% of the principal balance plus all fees and charges (finance charges, late payment charge etc) or AED 110, whichever is higher, appearing on your monthly statement, on or before the payment due date.
- If the minimum payment due is not paid on or before the due date, a late payment charge of AED 241.50 will be levied on the credit card account in addition to the monthly finance charges.
- No finance charge (excluding for cash advances) will be levied if payment is received in full by the due date and there is no credit card account balance carried forward from the previous statement.
- If your credit card account balance goes over the set credit limit at any point in time, your credit card account will be charged an over-limit fee of AED 292.95. This fee will be applied on your statement date each month until you are within your credit limit. Please ensure to clear the over-limit amount immediately.
- For transactions performed/acquired internationally or in any currency other than UAE Dirham, a foreign transaction fee of up to 2.99% of the transaction amount is charged in addition to the standard processing fee charged by Mastercard or Visa. The exchange rate is determined by Mastercard or Visa within a range of wholesale market rates in effect on the date of conversion.
- If you choose to settle your credit card outstanding through the UAE Central Bank Direct Debit System (UAEDDS), ensure that the Direct Debit Authority (DDA) is set-up. Each set-up, amendment or cancellation of UAEDDS will be charged a fee. Otherwise, please make alternative arrangements to pay your credit card monthly outstanding preferably through our Online or Mobile Banking.
- You understand that non-payment of monthly credit card dues will translate to blocking of your credit card which will negatively impact your credit rating and may jeopardise your access to future borrowing from any lending institution. Please note that the Bank will also take action to collect any unpaid dues, including legal action, where necessary.
- All fees and charges listed are inclusive of 5% Value Added Tax (VAT), where applicable.
Please refer to the Service and Price Guide for latest fees and charges, to find out more visit sc.com/ae.
Your acceptance of the credit card delivery shall imply your acceptance of the Client and Credit Card Terms and Conditions (available on our website sc.com/ae or at any of our branches). Please note that this document is for your convenience only, and does not replace the Client and Credit Card Terms and Conditions.