Credit Shield
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Credit Shield
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- World Elite Islamic Mastercard Credit Card
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You can shop with confidence peace of mind knowing you are covered for your financial obligations.
Riyad Bank’s Credit Shield Insurance program offers you the highest coverage in the Kingdom.
The Credit Shield Insurance from Riyad Bank is specially designed to help you cover your outstanding balances in case of unforeseen events (may God forbid).
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24 hours worldwide cover for death and permanent total disability
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Cover of up to SAR 300, 000 on outstanding credit card balance
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Credit Shield cover is charged at a nominal fee of 0.49% of total outstanding credit card statement balance
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No medical report required for enrollment
If you want to opt out or re-enroll at a later date, simply call us on our Customer Service number 8001242225
Riyad Bank’s Credit Shield is a Takaful cover provided by Tawuniya Insurance Company.
Credit Shield Claim Form
Terms and conditions *
Frequently Asked Questions
What is credit shield?
Credit Shield is a benefit available on your Credit Card which offers protection to you from the liability of paying the outstanding amount on your Credit Card in case of unforeseen eventualities.
Are all Riyad Bank credit cards covered by the Credit Shield program?
Yes, except for the following cards:
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Purchasing card
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SME card
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Prepaid card
Is the Credit Shield program compatible with Sh’area principles?
Yes, as the Credit Shield Program insurance is Islamic Takaful.
Is there an age limit for coverage?
You should be aged between 18 to 80 years.
What am I covered for?
Credit Shield covers the following eventualities worldwide:
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Accidental or Natural Death
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Permanent Total Disablement (due to accident & sickness)
How much am I covered for?
You are covered up to a maximum of SR 300,000.00 (one of the highest coverage amount offered in the Kingdom.)
How is the Credit Shield fee calculated?
You would have to pay a nominal charge of 0.49% of your total outstanding statement balance. For example, if your outstanding statement balance is SR 1,000 then SR 4.90 will be deducted from your Credit Card account as payment to cover your balance.
What if I don’t use my Credit Card for a specific month, will I still be charged for Credit Shield?
No, you will not be charged for as long as your outstanding credit card balance is zero.
How do I opt out of the Credit Shield program?
Simply call the Riyad Bank Call Center on 8001242225 and request to have.
Along with my credit card would the additional cards be also covered by the Credit Shield Program on enrollment?
Yes. All Credit Cards under your account will be automatically covered under the Credit Shield Program.
What is the process for submitting claims under Credit Shield?
Please refer to the Terms & Conditions.
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