With Exclusive Benefits OAB Launches The Advantage Segment

  • First debit card in Oman guarantees 1% cashback on e-payments.
  • Competitive interest rates on loans. 
  • Savings account rate up to 3% p.a.
  • Special salary monthly prize draw and more.
Rashad Al Shaikh, Head of Retail Banking Division at OAB

Muscat: In line with its continuous endeavours to provide high-quality services that enrich customer experience, Oman Arab Bank (OAB) recently launched a new segment , entitled ‘OAB Advantage’. Aimed at customers who have modern lifestyles and are always keen to enjoy the benefits life has to offer. OAB Advantage offers 1% guaranteed cashback on e-payments and POS transactions using debit card for limited time. This is in addition to an attractive savings interest rates, merchant discounts and eligibility for a special salary monthly prize draw.

Commenting on the launch of OAB Advantage, Rashad Al Shaikh, Head of the Retail Banking at OAB, said, “As customer demands shift with the transition of time, at OAB we always look to ensure that the services and facilities that we offer can be adapted to best suit their respective lifestyles. Targeted towards customers within the salary range (OMR 1,000 – OMR 3,499)or maintaining deposit of (OMR 10,000- OMR 34,999). OAB Advantage seeks to make banking even easier, while simultaneously hosting an array of benefits and offers. A unique aspect of the new service that places it ahead of its competitors is that it is the only debit card in Oman to provide a cashback on e-payments, alongside opening the door for our customers to step into a world of incredible advantages.”

Additionally, customers can benefit from higher interest rate of up to 3% p.a on their savings and get special entries in the Hasaad Monthly Draws by simply transferring their salary to the Bank, as well as special discounts and offers from renowned retailers across the Sultanate. 

Advantage customers are entitled to receive a Visa Platinum Credit Card which offers travel benefits including free lounge access (6 times annualy) at over 35 most visited airports, complimentary pick & drop service to the Muscat International Airport, joining bonus points and higher rewards on retail purchases.

 Both Omani nationals and expatriates aged 18 and above are eligible to apply for this segment by simply maintaining a deposit balance of OMR 10,000-OMR 34,999 or transferring monthly salary between OMR 1,000 – OMR 3,499 .

“At OAB, we are always looking into innovative ways to enhance our customer’s banking experience, which is aligned with one of the key pillars of our transformational strategy. Through Advantage, which is specially crafted to suit our customer’s diverse lifestyles, we can support them in ensuring that they get the most out of what we have to offer so that they can focus on the things that matter in life. We believe that this will bring about a lot of positive impact in the long run since it rewards customers with several offers as well as a high level of seamless facilities. This, in turn, will reinforce OAB’s position as a customer-centric institution that strives to be at forefront of the banking sector,” Rashad added.

Oman Arab Bank has a rich and proud history as one of the first financial institutions to be established in the Sultanate. Today, the Bank operates a nationwide network of 52 branches and representative offices with 150 ATMs spread across Oman. OAB provides a complete range of financial products and services through its OAB Online App. Customers can now digitally open an account and benefit from several other services, directly from the convenience of their mobile phones.