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ATM & Branches
Corporate Purchasing Credit Card
Elevate your business experience with the Corporate purchasing Card and enjoy a plethora of customer-centric benefits that redefine convenience. Say goodbye to time-consuming expense reconciliation as you effortlessly track and manage your expenses in real-time. Reap the rewards of enhanced control by setting transaction limits and merchant categories, safeguarding your financial interests like never before.
Features & Benefits
Up to 53 days of interest free credit period
Real-time reporting insights to compare costs and control expenses
Tariff of Charges
| Fee and Commission | |
|---|---|
| Annual Membership Charges per Card | First Year Free RO 20/- from 2nd year onwards |
| Annual Fee Waiver | Minimum Spend of RO 7,000/- per year per card |
| Replacement Fee | RO 20/- |
| PIN Issuance Fee | RO 5/- |
| Card Cancellation Fee | RO 20/- |
| Interest Rate | 12% first year. 18% for clients with other credit facilities. 20% for clients having corporate credit cards only. |
| Late Payment Fee | RO 10 + 3% past due |
| Over Limit Fee | RO 20/- |
| Cash Advance Fee | RO 3 + 3% of amount |
| Cash Advance Fee Limit | 50% of Limit |
| Foreign Currency Transactions Processing Fee | 3% of transaction amount |
| Request for Statement | RO 20/- |
| Dispute Request Charges | RO 25/- |
FAQs
The Bank allocates an overall credit limit at the corporate level, and sub-limits for designated employee credit cards. The Bank provides two sets of statements at the end of each month – one showing spend transactions by all cards issued to the company, and the other showing spend transactions by individual cardholders. Besides, other issuers do not offer online monitoring of credit limits and transactions.
The card's advanced Spend Management web-based solution allows cardholders to access all the necessary information and tools to make better and more efficient business-related decisions.
The corporate liability waiver program protects customers against losses that might be incurred through card misuse by employees.
The Purchasing Card comes with comprehensive insurance cover, which includes free travel accident insurance and emergency medical assistance of up to US$2 million.
The Purchasing card can be customized to meet the user's specific needs. Thus, the credit card can be programmed for cash withdrawals, online transactions, over the counter purchases, and so on, depending upon the customer's requirements.
The process starts with a detailed product presentation to the corporate customer's designated Finance and Accounting personnel. Thereafter, in consultation with the applicant, the overall Purchasing card limit is set. This limit will be part of the overall working capital facility made available by Sohar International to the customer. Once the paperwork is in place, Sohar International begins the process of setting up and customizing an account in the customer's name. A brief training session for the corporate user then follows before the credit card is fully activated.
Any company applying for corporate purchasing credit card must open an account in its name with Sohar International.
This chip-based card comes with powerful safety features that offer complete protection against potential misuse. Users exercise full control over their transactions (whether related to over-the-counter purchases, cash withdrawals, and online transactions).