June 20, 2025
Riyadh, Saudi Arabia – In a significant step towards creating a more transparent and consumer-friendly financial environment, the Saudi Central Bank (SAMA) has announced the release of its updated “Credit Card Issuance and Operation Rules.”
These newly introduced regulations replace the former “Credit and Monthly Debit Card Issuance and Operation Rules” and are part of SAMA’s broader efforts to strengthen oversight and align with international standards.
Putting Consumers First: Clarity and Cost Reduction
The revised rules are designed with a clear focus:
- Enhancing transparency around credit card terms and operations
- Reducing the financial burden on consumers
- Boosting financial awareness and protection
By standardizing procedures for issuing and managing credit cards, SAMA aims to improve the clarity of credit-related financial operations—helping customers better understand fees, repayment terms, and interest calculations.
Keeping Pace with Global Trends
As the credit card market rapidly evolves, SAMA’s updated framework reflects a move to stay aligned with global best practices. The new rules provide detailed regulatory guidance, ensuring fair practices and promoting a balanced relationship between issuers and consumers.
“The updated rules are part of our ongoing mission to build a transparent, inclusive, and digitally advanced financial system,” SAMA stated.
Collaborating with Global Payment Providers
SAMA is also working closely with international payment networks to assess and reduce the costs associated with credit card usage. This collaboration is expected to drive down fees and improve the accessibility of digital payment solutions for customers and merchants alike.
Aligned with Saudi Vision 2030
This regulatory update is one of several initiatives under Saudi Vision 2030, focusing on:
- Digital transformation
- Financial sector innovation
- Greater financial inclusion across the Kingdom
By enabling a more cost-effective and transparent card ecosystem, SAMA is helping to shape a smarter, more inclusive economy that supports both local consumers and the growing digital commerce sector.
Access the Full Regulations
For those interested in the full details, the updated rulebook is available on SAMA’s official website:
🔗 Access Here
