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    Oriental Bank Credit Cards

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    Oriental Bank Credit Cards Reviews

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    Overview:

    The Oriental Bank of Commerce (OBC) is headquartered in Gurgaon, New Delhi. It has over 37 regional offices in India. The Bank provides financial services such as loans, NRI services, deposit schemes, etc. and pays great importance to provide schemes for the economic upliftment of minority sections in society such as handloom weavers, small business units, self-employed individuals, artisans, small scale units, retail traders, village industries, professionals, micro entrepreneurs, etc. Loan against credit card is offered under the OBC Laghu Udyami Credit Card-Oriented business Card Scheme (OBCS) and the OBC Swarojgar Credit Card Schemes for enabling purchase of raw materials, equipment, and other assets. The Kisan Credit Card-Oriented Green Card (OGS) is also one among the range of credit cards offered by Oriental Bank of Commerce (OBC).

    Why choose Oriental Bank of Commerce (OBC) Credit Cards?

    Oriental Bank of Commerce offers a wide range of credit cards to its customers, including co-branded credit cards issued in partnership with State Bank of India. These credit cards are custom-made to meet the specific requirements of the card holders. The OBC Laghu Udyami Credit Card-Oriented business Card Scheme (OBCS) and the OBC Swarojgar Credit Card Scheme is offered handloom weavers, small business units, self-employed individuals, artisans, small scale units, retail traders, village industries, professionals, micro entrepreneurs, etc. to provide credit backing for their working capital and other needs. This scheme has a provision for loan against credit card as well.

    Features and Benefits of Oriental Bank of Commerce (OBC) Credit Cards:

    Loan against Credit Card:

    The Oriental Bank of Commerce (OBC) Credit Cards offers loan against credit cards for the sole purpose of adding to the working capital and to enable the purchase of various assets, including raw materials required for production.

    Working Capital:

    The credit available on these cards are to be used to finance the working capital needs of handloom weavers, small business units, self-employed individuals, artisans, small scale units, retail traders, village industries, professionals, micro entrepreneurs, etc.

    Competitive Rates of Interest:

    A highly lucrative rate of interest is levied on these credit cards/loans offered by Oriental Bank of Commerce.

    Features and Benefits of OBC and SBI Co-branded Credit Cards:

    Fuel Surcharge Waiver:

    The credit card holder can enjoy a fuel surcharge waiver of 2.5% on transactions worth Rs. 500 to Rs. 4000 for the Oriental Bank of Commerce - SBI Platinum Credit Card and for a transaction worth between Rs. 500 and Rs. 3,000 for Oriental Bank of Commerce - SBI Credit Card.

    Utility Bill Payment Facility:

    With the utility bill pay facility available on these cards, you can easily pay your telephone bill, electricity bill, mobile bill, gas bill and other utility bills.

    Flexipay:

    The Flexipay feature on these credit cards enable the customer to quickly convert a high value transaction to easily payable monthly installments. In order to be eligible to use this facility, the transaction made should be equal to or greater than Rs. 2500 and the request for EMI conversion should be placed within 30 days of the purchase.

    Balance Transfer on EMI:

    The Co-branded credit card holders can also avail the balance transfer facility available on these cards to transfer any outstanding amount in his/her other bank credit cards to the Oriental Bank of Commerce - SBI credit cards, at a comparatively lower rate of interest. This can then be paid back in simple EMIs.

    Easy Money Facility:

    Easy Money facility is a feature available on the OBC co-branded credit cards which provides the credit card holder the opportunity to avail a draft or cheque against your cash limit whenever it is required. Doorstep delivery of the cheque or draft is also available.

    Global Acceptance:

    The Oriental Bank of Commerce - SBI credit cards are accepted worldwide and can be used for transactions in over 2,85,000 merchant outlets in India and more than 2 million Visa outlets around the globe.

    Add-on cards:

    The credit card holders can also apply for and avail add-on cards for their family members so as to share their credit limit with them as well.

    Oriental Bank of Commerce (OBC) Credit Card - Charges and Interest rates:

    Charges

    OBC Laghu Udyami Credit Card-Oriented business Card Scheme(OBCS)

    OBC Swarojgar Credit Card Scheme

    Kisan Credit Card-Oriented Green Card (OGS)

    Oriental Bank of Commerce - SBI Card

    Oriental Bank of Commerce - SBI Platinum Credit Card

    Joining Fee

    Not Available

    Not Available

    Not Available

    Rs. 499

    Rs. 2,999

    Annual Fee

    Not Available

    Not Available

    Not Available

    Rs. 499

    Rs. 2,999

    Interest Rate

    11.95% (Base Rate + 2.25%)

    Not Available

    BR+2.25% (for term loan upto Rs. 2 lakh)

    40.2% per annum (3.35% per month)

    40.2% per annum (3.35% per month)

    Oriental Bank of Commerce (OBC) Credit Cards - Eligibility Criteria:

    • The OBC Laghu Udyami Credit Card-Oriented business Card Scheme (OBCS) is offered only to individuals who are involved in activities such as retail traders, small business units, artisans, small scale units, village industries, self-employed individuals, professionals, etc.

    • Under the OBC Swarojgar Credit Card Scheme, only micro entrepreneurs, handloom weavers and small artisans, etc. are eligible.

    • Kisan Credit Card-Oriented Green Card (OGS) are offered to Cultivators, Farmers and Artisans who are engaged in agricultural and allied activities.

    List of Oriental Bank of Commerce (OBC) Credit Cards:

    • OBC Laghu Udyami Credit Card-Oriented business Card Scheme(OBCS):

      The Laghu Udyami Credit Card offered by Oriental Bank of Commerce under the bank’s business card scheme. This credit card is offered to finance the specific needs of individuals who are involved in activities such as retail traders, small business units, artisans, small scale units, village industries, self employed individuals, professionals, etc. For each credit card account, a borrower can avail a loan amount up to Rs.10 Lakhs. A 10% loan margin is offered on the term loan against the credit card which is extended to the borrower.

    • OBC Swarojgar Credit Card Scheme:

      OBC Swarojgar Credit Card Scheme is offered by the Oriental Bank of Commerce to micro entrepreneurs and small artisans with a provision for a term loan against the credit card. The credit provided by the Bank can be used by the borrower for the purpose of purchase of raw materials, equipment, etc. The maximum loan quantum available against their credit card to eligible micro entrepreneurs and small artisans under this scheme is Rs.25000. Zero loan margin is applicable against the term loan availed under the OBC Swarojgar Credit Card scheme.

    • Kisan Credit Card-Oriented Green Card (OGS):

      Kisan Credit Card-Oriented Green Card (OGS) are offered to Cultivators, Farmers and Artisans who are engaged in agricultural and allied activities for the purpose of Working Capital requirements for repair of Machinery, farm activities, Consumption needs etc., and for Crop production requirements and also as term loan for investment needs. The validity of this credit card lasts for 5 years.

    • Oriental Bank of Commerce - SBI Card:

      The Oriental Bank of Commerce - SBI Card is a co-branded credit card jointly offered by State Bank of India and the Oriental Bank of commerce. The Oriental Bank of Commerce - SBI Card comes with exciting value back offers such as 10 times more Reward Points on each Rs. 100 spent at any Grocery store or Departmental store, i.e., with a value back offer of 2.5%. A fuel surcharge waiver of 2.5% is applicable on all fuel purchase transactions ranging between Rs. 500 and Rs. 3,000 across all petrol stations in India. This credit card comes with exceptional features and facilities such as utility bill pay facility, online railway ticket booking, balance transfer on EMI, easy money, flexipay, etc.

    • Oriental Bank of Commerce - SBI Platinum Credit Card:

      The Oriental Bank of Commerce - SBI Platinum Credit Card is a co-branded credit card jointly offered by State Bank of India and the Oriental Bank of commerce. It is an internationally accepted lifestyle credit card that enables the credit card holder to enjoy privileges on Departmental store spends, Dining and International purchases with the opportunity to earn 5 times the Reward Points on these transactions. A fuel surcharge waiver of 2.5% is applicable on all fuel purchase transactions ranging between Rs. 500 and Rs. 4000. The features available on this card are Balance transfer on EMI, flexipay, easy money facility, online booking for railway ticket, etc.

    OBC Credit Cards FAQs:

    1. How to apply for the Oriental Bank of Commerce - SBI Card?

      In order to apply for an Oriental Bank of Commerce - SBI Card, customers can directly get in touch with any of the branches of Oriental Bank.

    2. What is Easy Money Facility?

      Easy Money facility is a feature available on the OBC co-branded credit cards which provides the credit card holder the opportunity to avail a draft or cheque against your cash limit whenever it is required. Doorstep delivery of the cheque or draft is also available.

    3. Which are the co-branded cards offered by OBC?

      The co-branded cards offered by Oriental Bank of Commerce along with State Bank of India are the Oriental Bank of Commerce - SBI Platinum Credit Card and the Oriental Bank of Commerce - SBI Credit Card.

    4. When can I renew my Laghu Udyami Credit Card-Oriented business credit card?

      The Laghu Udyami Credit Card-Oriented business credit card has a validity period of 3 years, after which it should be renewed. An annual review of the card is done by the Bank and required changes are made accordingly.

    5. Who can apply for an add-on credit card under the OBC - SBI credit card scheme?

      The primary cardholder can apply for an add-on card for his/her children, spouse, parents and siblings. Children and siblings of the primary card holder should be 18 years old or above in order to be eligible for the same.

    News About Oriental Bank of Commerce Credit Card

    • Prevent credit card fraud!

      Whenever you use your card, always ensure that the transaction is completed in front of you and that no details are written down by the merchant

      18th September 2014

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