Santa Claus comes around just once a year. In the meantime, there are Credit Cards.
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. Some credit cards by the Oriental Bank of Commerce are also in co-partnership with the State Bank of India. These cards offer a wide range of benefits across different categories to its cardholders.
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.
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.
| Fuel Surcharge Waiver | The credit card holder can enjoy a fuel surcharge waiver of 2.5% on transactions worth Rs.500 to Rs.4,000. |
| 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. |
| Balance Transfer on EMI | The balance transfer facility available on these cards can enable cardholders to transfer the balance from your OBC card to other cards at a lower interest. |
| Global Acceptance | The Oriental Bank of Commerce - SBI credit cards are accepted worldwide. |
| 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. |
Features and Benefits:
Features and Benefits:
| Charges | Oriental Bank of Commerce - SBI Card | Oriental Bank of Commerce - SBI Platinum Credit Card |
|---|---|---|
| Joining Fee | Rs. 499 | Rs. 2,999 |
| Annual Fee | Rs. 499 | Rs. 2,999 |
| Interest Rate | 40.2% per annum (3.35% per month) | 40.2% per annum (3.35% per month) |
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.
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.
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.
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.
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.
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