| Minimum Salary | Salary Transfer | Islamic Finance | Cashback | Annual Fee | Rate | |
|---|---|---|---|---|---|---|
Oman Arab Bank - Classic Credit Card
|
Minimum Salary: OMR 325 | Salary Transfer: No | Islamic Finance: No | Cashback: No | Annual Fee: OMR 0 | Rate: 1.5% |
As a Classic Card holder you will benefit from:
- Credit limit up to 2 times your salary, or income, or based on the fixed deposit placed.
- Choose the repayment option that suits your budget, pay as little as 5% of your outstanding monthly balance.
- A joining bonus of 500 OAB Reward points with redemption options to choose from over 900 airlines, 200,000 hotels and car rentals in over 150 countries across the globe. For details: oabrewards.com
- Secure with advanced EMV chip feature and Verified by Visa (VBV) for online transactions
- Global Customer Assistance Service by Visa
Additional Information
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 )
- Salary from RO 250 - RO 699
- A complete Visa Credit Card application form
- For Omanis: copy of a valid ID Card
- For non-Omanis: copy of a valid Passport with valid Visa and copy of a valid Residence Card
- Salary transfer letter addressed to Oman Arab Bank
- One Colored Photograph
Representative Example
If you spend OMR 1,200 at a purchase interest rate of 18.9% (variable) your representative APR will be 18.9% (variable).
** Calculator Definitions
Amount:
The total amount of money borrowed, also referred to as the principal amount.
Rate (%):
This is the annual interest rate on the product which is equivalent to APR, which is going to be calculated in this example.
Years:
This is the original term or length of the product, stated in years.
Effective Monthly Payment:
This is the effective monthly payment, which takes into consideration fees and other costs associated with this product. The effective monthly payment is the basis for the APR calculation.
Calculated Annual Percentage Rate (%):
The Calculated Annual Percentage Rate (APR) is determined using the annual interest rate of the product plus fees and other costs. This rate may differ from bank to bank. APR is useful when comparing two or more products with different interest rates and fee structures.
