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Overview

The “Namo” program from Riyad Bank is a comprehensive credit card program launched in partnership with Mastercard to support and empower micro, small, and medium enterprises. It offers a range of business credit card tiers designed to meet companies' evolving needs.

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Benefits

 

  • Easy Savings offers

A global, cashback-based savings offer program. Whether you're looking to move your business to the cloud, explore new business opportunities, or strengthen your logistics services, this offer helps you save both time and cost. To learn more, visit: https://www.easysavingsspecials.com

  • 20% off with Careem

Enjoy 20% off up to three trips a month with Careem when traveling across the Middle East. Download the Careem app and add the promo code “MasterCard” when booking your ride.

 

  • 20% off with DHL

Enjoy 20% off your shipments with DHL. Use promo code “MASTERCARD20” at checkout. To redeem the offer online, select “Ship Online,” then “Ship/Pay using your Namo Business credit card.”

  • Business Insurance

Insurance to protect your business against unauthorized use of the card by employees, with an annual cap of up to USD 25,000 per card issued, per incident.

  • Budget discount

Budget is a leading provider of car rental services for value-conscious travelers. Get better rates on truck and car rentals with your Namo Business credit card, with discounts of up to 10% on car and truck rentals with Budget.

 

  • Rentalcars.com discount

Rentalcars is a global leader in car rental services, with 60,000 locations across 160 countries in more than 40 languages. Whether you're traveling with family or on a business trip, enjoy exclusive benefits with Rentalcars.com. Now, when you rent a car using your Namo Business credit card, you can enjoy a 10% discount on your booking amount. Visit https://www.rentalcars.com and enter your card details when completing your booking.

  • Avis discount

Enjoy 20% off car rentals with Avis. Whether you're traveling with family or on business, use your Namo Business credit card to enjoy the following exclusive benefits:

  • Up to 20% off your next car rental.

  • A free upgrade with every rental.

Visit، avisworld.com/mastercardmea and use your card to book your car.

  • Booking.com discount

When you pay for your next getaway with your Namo Business credit card, you can enjoy the following:

  • Cashback of up to 10% credited to your card when you make a booking.

  • Mastercard Hotel Bookings

Use your Namo Business credit card to get up to 30% off at a range of leading hotel chains worldwide, along with exceptional benefits such as:

  • A USD 100 food and beverage credit, or 15% off food and beverage, plus complimentary breakfast.

  • Room category upgrade / early check-in / late check-out / club lounge access (subject to availability).

  • Complimentary in-room Wi-Fi (subject to availability).

Visit: hotelbookings.priceless.com
 

Terms and conditions apply.

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Fees and Charges

The table below is for illustrative purposes only; the annual percentage rate (APR) varies according to the amount, the credit assessment of the activity, and the repayment period and method.

The cost of financing varies depending on the nature and duration of the contract or project being financed.


   Product

    APR

   Admin Fees

   Min/Max Cap on Admin Fee

Short-term Islamic Credit Facilities Program 2% to 15% 0% to 5% None

 

 

How Financing Cost Is Calculated:

Item

Value

Financing amount

100,000 SAR

                                             Repayment method

Monthly installments

                                             Repayment Period

12 months

                                             Annual profit rate

2%

 

Finance Amount

 Installment Value

 Bank’s Total Profit

 Total Financing Value  Incl. Profit

100,000 SAR

8,500 SAR

2,000 SAR

102,000 SAR

 

 

 

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