Easy Payment Plan – 0% Profit Rate
Easy Payment Plan is a program designed for SAIB credit cards offering cardholders to make large purchases and convert them to easy and equal monthly payments up to 12 months at selected partners.
You can enjoy features of the Easy Payment Plan by calling “Flexx Call” at 800 124 8000 within 5 days from the date of transaction and no later than 20 days from the transaction date And before it’s been a billed (Cycled) transaction in the monthly statement.
Features of the Easy Payment Plan:
- Making it easier for you to manage those large, unexpected expenses
- Includes all credit cards (Visa & MasterCard)
- Re-pay your purchases in equal and easy monthly installments at 0% profit rate
- Flexible payment periods 3, 6, 9 and 12 months
- Multiple transactions allowed
- WooW points earned on Easy Payment Plan transactions
Terms and Conditions:
- Minimum transaction amount is SAR 1,000
- Maximum transaction amount is capped at 90% of the credit limit regardless of number of transactions done for EPP
- Transaction must be converted no later than 20 days from the respective date of the transaction by raising a request via calling “Flexx Call” and before it’s been a billed (Cycled) transaction in the monthly statement.
- Processing fee/charges SAR 50 will apply for each transaction converted under the Program.
- Installments at Noon are available for only 6 months
- The bank has the right to reject a customer request without justification.
- SAIB credit card terms & condition will be applied
How can I convert my purchases into Installment Plan?
You can convert your purchases using SAIB credit cards into equal monthly installments known as 0% Easy Payment Plan Program by calling our “Flexx Call” phone banking service at 800 124 8000 within 5 business days from the date of the transaction and no later than 20 days.
Is there a minimum limit for the transaction enrolled in the program?
Yes, the minimum transaction value should not be less than SAR 1,000 and the maximum limit will be 90% of the Credit Card Limit.
Are there any fees to enroll in the program?
Yes, the card will be charged SAR 50 for each transaction converted under the Program.
Do I still earn WooW points on purchases converted to Easy Payment Plan?
Yes, you will earn WooW points on any transaction on your Credit Card.
How many transactions are allowed to be converted to the Program?
Multiple transactions can be allowed to be converted to the Program within 90% of the Credit Card Limit.
What are the time periods available for Easy Payment Plan?
The tenure for the Program can be 3, 6, 9 or 12 months and cannot change the period after the transaction is transferred to the Program.