Mastercard World Elite
· Credit Card
- Foreign-currency transaction fee
- Has an annual fee
Qrar360 Decision Brief
What is this product?
A credit card from Bank AlJazira.
Who it may suit
- Reward points
- Airport lounge access
- Sharia-compliant
- People who need Sharia compliance
- Frequent travellers
Consider if
- You travel often and want travel perks
- You want rewards on everyday spend
- You prefer a Sharia-compliant product
May not suit
- People avoiding annual fees
Key facts
Bank AlJazira's Mokafaaty Mastercard World Elite credit card: SAR 1,000 annual fee (ex-VAT), APR 36.57%, 1.75 Mokafaaty points per SAR 1 spent internationally, unlimited access to more than 1,000 airport lounges and 6 Careem airport rides per year; supplementary cards free for life; 2% international transaction fee. Shariah-compliant.
Product Analysis
- Annual fee: 1000 SAR.
- Purchase APR: 36.57% — applies when a balance is carried.
- Foreign transaction fee: 2%.
Qrar360 Score for this productQ36049Sources & methodology
Why this score?
Coverage 75% · Confidence 90%Strongest verified factors
- Qrar360 data verification100% · weight 15
- Rewards program available100% · weight 10
- Airport lounge access
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Availability by Country
- Saudi ArabiaAvailable
Provided By
This product is provided by . For the institution's licenses and regulatory status, see its profile page.
Sources & verification
Verified facts on this page are linked to their official sources.
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Frequently asked questions
- Is Mastercard World Elite Sharia-compliant?
- Mastercard World Elite: Sharia-compliant.
- Does Mastercard World Elite have an annual fee?
- Yes — the fee is 1,000 SAR.
- Which countries is Mastercard World Elite available in?
- Mastercard World Elite is available in: Saudi Arabia.
- Does Mastercard World Elite include airport lounge access?
- Yes — Mastercard World Elite includes airport lounge access.
- Does Mastercard World Elite offer rewards or cashback?
- Yes — Mastercard World Elite offers a rewards programme.
- What is the foreign transaction fee for Mastercard World Elite?
- The foreign transaction fee for Mastercard World Elite is 200.00%.
