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Online Banking

Al-Tijari Financial Brokerage

CBK Cards

What Is Annual Percentage Rate (APR)?

  • APR is the total yearly cost of using a credit card. It includes both the interest rate and any fees you pay on a credit card. It helps you know the real cost.


Why It Matters

  • Shows the true cost, not just interest rate.
  • Helps you compare credit cards easily.
  • Makes it easier to plan your monthly payments.


Current APR rate

  • Yearly – APR: 12.00% (Including a 0.50% monthly service charge).
  • Monthly Interest Rate: 1.00%.


Example

  • In the first month, if you use 1,000 KWD, the interest is 1.00%, which equals 10 KWD.
  • In the second month, if your outstanding balance is 900 KWD, the interest will be 900 x 1.00%= 9 KWD.
  • As your outstanding balances decreases, the interest amount also decreases.


Need Help?

  • Visit any Commercial Bank of Kuwait branch, call 1888225, or use the CBK Mobile App to submit a Digital Banking request to know more.


For Cards terms and conditions – click here


For list of Fees and Commissions – click here