New SAMA Rules for Credit Cards and Loans in Saudi Arabia – What Consumers Need to Know
Saudi Arabia's financial landscape is evolving once again with new regulations rolled out by the Saudi Central Bank (SAMA) . These updated rules, effective May 28, 2025, aim to bring more transparency, fairness, and consumer protection to credit card usage and personal financing across the Kingdom. Here's what you need to know if you're using a credit card or thinking of applying for a personal loan in Saudi Arabia. 🔹 Why These Changes Matter Over the years, many consumers in the Kingdom have found themselves facing hidden fees, unclear terms, and limited options when it comes to financial services. The latest regulations aim to: Improve transparency in terms and conditions Introduce clearer billing and payment rules Offer better choices in interest rates and service fees Protect borrowers from unfair lending practices 🔹 Key Highlights of the New SAMA Rules ✅ 1. Transparent Credit Card Contracts All credit card providers are now required to display fu...