The bank offers a wide range of credit cards in collaboration with State Bank of India which caters to the requirements of individuals from every walk of life.The main features and benefits can be summarized as below:
Working Capital: The Bank provides cards for financing the working capital needs for small scale business enterprises, retail traders, self employed individual, artisans, as well as handloom weavers.
Competitive rate of interest– The rate of interest i.e. finance charges on credit card is also quite worthwhile.
Loan against credit card: The bank also provides loan against credit card to purchase assets, various raw materials etc.
The main features and benefits of OBC and SBI Co-branded credit card can be summarized as below:
Waiver of Fuel Surcharge: Rs 500-4000 Platinum card holders can get a waiver of 2.5% fuel surcharge for transactions amounting to Rs 500- Rs4000 and Rs 500-Rs 3000 for Rs 500-4000 credit cards.
Flexi Pay : With minimum transaction value of Rs 2500/- one has the option to pay the amount in EMI.
Easy Money Facility: One can avail draft or cheque facility against the cash limit.
Worldwide Acceptance of the Card : The OBC-SBI card is accepted globally.
Add on cards: Family members are entitled to get add on cards. Family members like spouse, children above 18 years, parents can have an add-on card.
Payment of utility bills: Various utility bills can be paid online through the credit card.
Balance transfer on EMI: Outstanding on any other card can be transferred to OBC-SBI credit cards at a much lower interest rate and can be paid through EMIs.
Online Railway Booking- One can book online railway tickets through irctc.oc.in website and the tickets will be delivered.
Extended credit: One can enjoy 20-50 days interest free credit period. However, this is applicable only in case of retail purchases and if the last months’ outstanding has been paid within the scheduled time.
Following are the key types of credit cards offered by Oriental Bank of Commerce:
Kisan Credit Card
Laghu Udhami Credit Card
Swarojgar Credit Card Scheme.
OBC-SBI Credit Card
OBC-SBI Platinum Credit Card.