Oman Arab Bank SAOC Credit Card - Classic
|Minimum Salary needed||Salary from RO 250 - RO 699;|
|Maximum amount available||Not mentioned|
|Length of Loan||Life Time|
|Profit Rate||Not mentioned|
|Upfront Fees ( if any )||Not mentioned|
|Eligibility||Employees of the age 18 years and above; Government Sector Employees; Private Sector Employees (company should be listed in the approved list of companies with OMAN ARAB BANK );|
|Main Features||Free comprehensive travel insurance for US $100,000 when you buy your airline tickets, using your Oman Arab Bank Visa Classic Card; Credit limit up to 2 times your salary, or income, or based on the fixed deposit placed; Pay as little as 5% of your outstanding monthly balance; You can request supplementary cards for family members, for half the price, with all transactions debited to one account|
Oman Arab Bank
The Oman Arab Bank is ranked among the leading and most accomplished banking institutions in Oman. Thirty years ago, it acquired the branches of the renowned Arab Bank and this move marked the rise of another local banking giant in Oman.
When it comes to returns, the OAB has been among the best performers in the banking sector. For instance, in the last two and a half decades, it has attained a steady annual average of 20% return on equity.
In order to realize its mission and vision, the bank is committed to confer a wide range of banking solutions in retail and corporate banking. It also engages broadly in project financing and investment banking.
Muscat is privileged to be ranked among the few ancient cities in the Arab world that have had a hand in shaping the commercial and political sky line of the Middle East and its environs. In terms of size and importance, it is the largest city in the Oman and also its main commercial and political base. In the past few years, Muscat has been undergoing a transformational expansion marked by economic boom and a surging population that has surged to over 1.2 million dwellers as at 2014.
The city’s ancient history leaves a trail of conspicuous exploits in international trade and politics. Its recent trends in modernization and industrialization are key factors in making it a preferred investor destination.
Credit Card - Classic
It is a classic and land mark solution tailored to meet all your financial transaction needs. With classic, you get the same exclusive privileges and world-class convenience irrespective of whether you are at home or abroad.
Core benefits and features:
- A free comprehensive insurance cover of up to $ 100,000 when you buy your air ticket using classic card;
- A credit limit twice your salary or income level or fixed deposit placed with the bank;
- SMS alerts;
- Pay as little as only 5% of your outstanding monthly balance; and
- Complementary cards for family available at half price.
Eligibility and requirements:
- Employees aged 18 and above;
- Government employees or private sector with bank-approved organizations; and
- Salary level between OMR 250-699OMR;
- A complete application form;
- Salary transfer form;
- A copy of a valid national ID card or valid resident visa in case of aliens; and
- One color passport photo.