What is the ruling on the Riyad Bank "Hassad" Visa card, which charges administrative fees, and if the client is late in repayment, the bank purchases a commodity and profits from selling it to the client?

It is not permissible to deal with usurious banks unless there are no Sharia-compliant alternatives. The bank is permitted to charge administrative fees for the credit card if these are genuine fees and not a trick to disguise usurious interest. However, for the bank to enter into a Murabaha contract with the cardholder upon their delay in payment (refinancing or debt rescheduling) is forbidden because it is a trick to conceal usury and is a form of faskh al-dayn fi al-dayn (dissolving debt into debt), which is prohibited by Sharia. This includes everything that leads to an increase in debt in exchange for an extension of the term.