What is the ruling on the Al-Mubarak credit card from Arab National Bank?

There is no harm in using a credit card if it is free from the condition of charging interest or a penalty for late payment, and if it does not take a percentage on withdrawal transactions if the Visa card is not covered (only the actual fee is permissible), and if it does not prohibit the purchase of gold, silver, and currencies with an uncovered card.

Dr. Muhammad Al-Osaimi mentioned that this card is impermissible because the increase in monthly fees beyond the actual cost is usury (riba), and because it imposes an usurious fee on the late payer called a late payment fee, which is usury forbidden by the Qur'an. He also stated that fees on cards that offer lending must be according to the actual cost, and the bank is not allowed to profit from them, because the loan provided by the card will be usurious if the bank charges an administrative fee more than the actual cost.