It is specifically designed for business houses and corporate clients and comes with a unique "Corporate Liability Waiver". OIB is the first bank in the Sultanate to provide this facility. This cover provides indemnity against losses due to any act of fraud or dishonesty by the cardholder committed in connection with the authorized OIB Visa Business card issued to them.
Eligibility
This card is issued to executives of companies having corporate relationship with the Bank.
Features
Revolving credit. (Cash Transaction excluded)
Deferred debit card offering businesses up to 37 days of credit
Payment due date: 7th of the month following the statement date.
Interest on outstanding balance: 1.5% per month.
Comprehensive monthly statement.
Facility to settle card outstanding through OIB's Phone Bank service.
Corporate liability waiver (for businesses) up to USD 25,000/- per cardholder and up to USD 1,650,000/- per company per annum.
Emergency evacuation / repatriation service up to USD 1,000,000/-
Personal accident cover of up to USD 250,000/-
Travel related insurance benefits: hospital daily indemnity, emergency medical expenses, loss of baggage / money, trip cancellation & personal liability.
Travel inconvenience insurance services: travel delay, baggage delay, document replacement, hijack compensation and legal expense reimbursement.
Fees
RO 25/- per card annum.
Validity
Card validity is for 2 years.
Billing Date
Last date of every month.