Oriental Bank of Commerce Credit Card
The Oriental Bank of Commerce Credit Cardsare available for personal use with some great features, rewards and benefits that make these highly attractive and must-have cards. Launched in association with SBI the Oriental Bank of Commerce Credit Cards are great to meet your lifestyle needs. Read on to learn all about the options before you opt for one.
Oriental Bank of Commerce Credit Card
Oriental Bank of Commerce is one of the leading public sector banks in the country. It was established during the year 1943 in Lahore. After partition all the branches in Pakistan were closed down and the registered office shifted to Amritsar. During the years 1970 to 1976, the profit of the bank took a nosedive and the owner of the bank the Thapar Group contemplated closing of the bank. But with the co-operation of the employees, the bank was able to come out of the situation.
The bank was nationalized in the year 1980 and was 19 in position among the country?s 20 nationalised banks. Two banks, Punjab Co-operative Bank and Bari Doab Bank were acquired by OBC. This merger did not change the number of branches of OBC. There was no looking back and OBC kept flourishing year after year. In 2010, among all public sector banks, it was the seventh largest in the country.
In the year 2004, Global Trust Bank which was a leading private sector bank was taken over by OBC. With the acquisition of this bank, the number of branches of OBC increased to 1092.
The bank offers a wide range of banking products and services such as credit cards, deposit accounts, debit cards, , loans, Insurance products, Internet banking, ATMs, Mobile Banking, call centre, Self-banking halls, etc. The credit cards launched by the bank in association with SBI is widely accepted and have numerous attractive benefits and offers which makes it one of the most popular products provided by the Bank.
Types of Oriental Bank of Commerce Credit Cards
The credit card of Oriental Bank of Commerce has two variants:
- Oriental Bank of Commerce SBI Gold Card (Unsecured and secured card)
- Oriental Bank of Commerce SBI Platinum Card (Unsecured and secured card)
Features and benefits of the Oriental Bank of Commerce Credit Card
Listed below are the features and benefits of the Oriental Bank of Commerce Credit Card.
- The card can be presented at any outlet that accepts Visa or Mastercard. It is widely accepted worldwide in over 24 million member establishments which include several member establishments in India.
- The rewards program of the card offers plenty of reward points for every purchase made on the card which can be redeemed for attractive gifts on the catalogue or vouchers from partner brands.
- Under Flexi-pay feature of the card, purchases over 2500/- made on the card can be converted into EMI and paid in easy instalments. Such options have to be made within 30 days from the date of purchase through the website sbicard.com.
- If you are having multiple credit cards and are paying high interest on the outstanding balance on some of the cards, such outstanding balance can be transferred to OBC Credit Card for a lower interest.
- Utility bills payment has been made easy through Easy Bill Pay facility wherein you can link your various bills to OBC-SBI card and the payment of the respective due dates will be taken care of.
- You can now book railway tickets online with the OBC Credit Card.
- Waiver of 1% fuel surcharge on purchases made at any fuel station across the country is permitted for a transaction between 500/- and 3000/-.
- With the OBC Credit Card cash can be withdrawn at 1 million Visa and Mastercard ATMs across the world.
- When in need of funds, you can get a cash advance up to the cash limit on your card which will reach your doorstep vide a cheque or a draft.
- You can locate the drop box of SBI by logging into the website sbicard.com in case you want to make the card payment through a cheque.
- Add-on card facility is provided for the family members of the primary cardholder.
- The SBI alerts facility enables you to get real-time updations of the transactions on your credit card on the registered mobile number.
- You can keep a track of your current spends for the last 24 hours on your card category wise and percentage wise.
- You can access over 100 merchants through your mobile and make payment with the card.
- The safety feature of the card is enhanced with the Visa and Master 3D Secure Code, OTP for online transactions, and real-time alerts on your mobile phone.
- Both Oriental Bank of Commerce SBI Gold Card (Secured) and Oriental Bank of Commerce SBI Platinum Card (Secured) are issued against Fixed Deposit of the Bank held by the applicant. When issued against fixed deposit no income proof will be required.
Detailed Features of Oriental Bank of Commerce Credit Card
| Name of the card | Features |
| Oriental Bank of Commerce-SBI Gold Card |
|
| Oriental Bank of Commerce SBI Platinum card |
|
Oriental Bank of Commerce Credit Card Reward Details
| Name of the card | Rewards | Special Rewards |
| Oriental Bank of Commerce SBI Gold (Unsecured and Secured) Card | 2.5% cash back for spends at Departmental and Grocery stores. 1 Reward Point for every 100/- spent on all other categories. |
|
| Oriental Bank of Commerce SBI Platinum Card (Unsecured and secured) | 2 reward points on every spend of 100/- on categories other than spends on Grocery, Dining, at Departmental stores, and International spends. Earn 5X reward points for every 100/- spent on Grocery, Dining, Departmental Stores, and on International Spends. | You get a gift voucher worth 3000/- from Bata/hush puppies, Shoppers Stop, Yatra, Westside or Marks & spencer. The coupon code will be sent to your registered mobile number. For Yatra, you can give the coupon code while making the purchase online. For the others, you can show the coupon code at the respective stores for redemption. For annual spends of 2.00 lakhs in the previous year, you get e-vouchers worth 3000/- from Yatra, Stoppers Stop, Hush Puppies, Bata, and Westside. For annual spends above 4.00 lakhs and 5.00 lakhs you can choose from the e-vouchers worth 3000/- from Stoppers Stop, Westside, Hush Puppies, Bata or Yatra. |
Oriental Bank Credit Cards Fees & Charges
The joining fee and annual fee for Oriental Bank of Commerce SBI Credit Card (both Unsecured and Secured) is 499.00. The Annual Fee (second year onwards) of 499/- will be waived on an annual spend of 1,00,000/- in the previous year.
The joining fee and annual fee for Oriental Bank of Commerce Platinum Card (both Unsecured and secured) is 2999/-. The Annual Fee (Second year onwards) will be waived on an annual spend of 2.00 lakhs in the previous year.
Oriental Bank of Commerce Credit Card Charges
| Name of the charge | Features | ||||||||||||||
| Finance Charge | 3.35% p.m. for unsecured cards and 2.50% p.m. for secured cards | ||||||||||||||
| Cash Advance Fee | For cash withdrawn at SBI or other ATMs, the fee is 2.5% of the transaction amount with a minimum of 300/- For cash withdrawal at International ATM, the cash advance fee is 3% of the transaction amount with a minimum of 300/- | ||||||||||||||
| Charges for cheque pick-up | 100/- | ||||||||||||||
| Charges for payment by cheque for an amount up to 10,000 | 100/- | ||||||||||||||
| Duplicate Statement | 100/- per statement for statements that is more than 2 months old. | ||||||||||||||
| Cheque/ECS dishonour | 2% or the payment amount subject to a minimum of 450/- | ||||||||||||||
| Delayed payment charges |
| ||||||||||||||
| Charges for the usage of the card above the sanctioned limit | 2.5% of the overdrawn amount with a minimum of 500/- | ||||||||||||||
| Card replacement charges | 100/- | ||||||||||||||
| Emergency card replacement while on travel abroad | Nil | ||||||||||||||
| Foreign currency mark-up fee | 3.5% of the transaction | ||||||||||||||
| Charges for rewards redemption | 99/- | ||||||||||||||
| Charges for cash deposit at branches | 100/- | ||||||||||||||
| Railway ticket surcharge | For booking at counters: 30/- plus 2.5% of the transaction amount. For booking online: 1.8% of the transaction amount. |
How to apply for Oriental Bank of Commerce Credit Card?
To apply for the Credit Card through the bank, you will have to visit the nearest branch of Oriental Bank of Commerce and submit the prescribed application form for Credit Card along with the required documents. The status of the credit card application will be up dated through SMS on your registered mobile number.
Steps to Apply for the Card through MyMoneyMantra
MyMoneyMantra has provided a digital platform to apply for the Credit Card online. You should make use of this platform to apply for OBC Credit Card through MyMoneyMantra.
- Log in to the website of MyMoneyMantra.
- Select the credit card page.
- Compare the details of charges and interest of various credit cards available on a single page and decide on the card that gives you the best deal.
- Choose the card that you intend to apply for.
- Provide the required details like name, mobile number, email address, income details, residential address, etc and submit.
- An OTP will be generated and sent to the registered mobile number as a part of verification.
- Enter the OTP and submit.
On completing the above process, the representatives of MyMoneyMantra will contact you and assist you through the process of documentation until the approval.
On approval, the credit card will be dispatched to your registered residential address. The card and the pin will be dispatched separately.
Eligibility Criteria for Oriental Bank of Commerce Credit Card
The eligibility criteria as detailed below have to be complied with to qualify for the OBC Credit Card.
- The applicant should be in the age group between 21 years to 65 years
- Salaried individuals, self-employed individuals/professionals and businessmen are eligible for the card.
- The add-on cardholder should be above 18 years.
- Having a stable income is a mandatory criterion.
- The applicant should preferably be an existing customer of the bank with a good track record.
- The credit score of the applicant should be above 750.
Documents Required for Oriental Bank of Commerce Credit Card
KYC documents like the address proof and the photo ID proof along with Income Proof have to be submitted. The documents should be a part of the enclosures to the prescribed credit application of the Bank.
The following documents are accepted as address proof.
- Aadhar Card
- Voter's ID Card
- Driving Licence
- Utility Bills
The documents that are accepted as Photo Proof are
- Passport
- Pan Card
- Driving Licence
- Aadhar Card
- Voter's ID Card
The following documents are accepted as income proof
- The latest salary slips along with Form 16 for salaried individuals.
- Self-employed individuals/professionals, and businessmen should submit financial statements like audited balance sheet and profit and loss account for the past 2 years along with ITfor the past 2 years.
- Bank account statement for the last 6 months should be submitted by Salaried individuals, self-employed individuals/professionals, and businessmen.
Making the Payment of Oriental Bank of Commerce Credit Card
The following methods have been devised for the payment of Oriental Bank of Commerce Credit Card.
Auto-debit: The customers of Oriental Bank of Commerce can opt for auto-debit from their savings bank/current account for the payment of the credit card dues on the due date.
Internet banking: The customers of Oriental Bank of Commerce can make the credit card payment by logging in to the net banking facility with user ID and password.
Mobile App: The card payment can be done through the mobile App. of Oriental Bank of Commerce. The payment can be done either by IMPS, NEFT or transfer from the account.
NEFT/RTGS: If payment has to be done from other bank accounts, then NEFT/RTGS is the best option. The beneficiary account for NEFT/RTGS will be the 16-digit credit card number.
Cheque: Payment can be done through a cheque drawn on Oriental Bank of Commerce or on any other bank. The payee?s name should be the 16-digit credit card number. The name of the cardholder and the registered mobile number has to be mentioned on the reverse of the cheque.
Cash: Payment can be done by depositing cash at any of the branches of Oriental Bank of Commerce.
Oriental Bank of Commerce Credit Card Customer Care Numbers
For any queries regarding Oriental Bank of Commerce Credit Card you can contact the following numbers:
- 1800-102-1235
- 1800-180-1235
ORIENTAL BANK OF COMMERCE Credit Card FAQs
The E-smart facilities offered by OBC SBI Credit Card are
- With www.sbicard.com you can do more to manage your credit card account
- You can instantly hotlist lost/stolen card
- You can get card account summary
- You can request for a duplicate card statement.
- E-statement facility for your credit card statement which will be mailed to your registered email address
- SMS Alert facility which gives you real-time up dation of the transactions on your card on your registered mobile number
- Analyse your spend for the last 24 hours category wise and percentage wise with the Spend Analyser.
The cash withdrawal limit is 40% of the credit limit and is restricted to 15000/- in a day.
The Easy Money Facility is a cash advance facility which you can opt for up to the cash limit on your credit card whenever in need of urgent funds. The cash advance will be delivered to your doorstep by way of a cheque or a draft. To avail this facility the credit card dues for the last 6 months must have been paid promptly. In other words, your track record in respect of credit card payment must be satisfactory.
The loss/theft of the card should be reported immediately to the customer care centre of the bank. The card will be blocked immediately to stop further transactions on the card. The Bank will not be responsible for the transactions that have taken place prior to the reporting of the card. The liability for the cardholder on the transactions that take place after blocking the card will be zero.
While making payment of OBC credit card vide a cheque, you should know that outstation cheques are not accepted for the card payment and also non-CTS cheques are not accepted for credit card payment.
With Easy Bill Pay, the payment of utility bills like telephone bill, electricity bill, water bill, mobile bill, etc. have been made very easy. You can link your credit card to these bill payments and the bills will be paid on the due date automatically. With this, you will never miss the payment of your utility bills on due date. This is the best way to manage the payment of utility bills.