Oriental Bank of Commerce is one of the leading public sector banks in the country. It was established during the year 1943 in Lahore. After partition all the branches in Pakistan were closed down and the registered office shifted to Amritsar. During the years 1970 to 1976, the profit of the bank took a nosedive and the owner of the bank the Thapar Group contemplated closing of the bank. But with the co-operation of the employees, the bank was able to come out of the situation.
The bank was nationalized in the year 1980 and was 19 in position among the country?s 20 nationalised banks. Two banks, Punjab Co-operative Bank and Bari Doab Bank were acquired by OBC. This merger did not change the number of branches of OBC. There was no looking back and OBC kept flourishing year after year. In 2010, among all public sector banks, it was the seventh largest in the country.
In the year 2004, Global Trust Bank which was a leading private sector bank was taken over by OBC. With the acquisition of this bank, the number of branches of OBC increased to 1092.
The bank offers a wide range of banking products and services such as credit cards, deposit accounts, debit cards, , loans, Insurance products, Internet banking, ATMs, Mobile Banking, call centre, Self-banking halls, etc. The credit cards launched by the bank in association with SBI is widely accepted and have numerous attractive benefits and offers which makes it one of the most popular products provided by the Bank.
The credit card of Oriental Bank of Commerce has two variants:
Listed below are the features and benefits of the Oriental Bank of Commerce Credit Card.
|Name of the card||Features|
|Oriental Bank of Commerce-SBI Gold Card|
|Oriental Bank of Commerce SBI Platinum card|
|Name of the card||Rewards||Special Rewards|
|Oriental Bank of Commerce SBI Gold (Unsecured and Secured) Card|
2.5% cash back for spends at Departmental and Grocery stores.
1 Reward Point for every 100/- spent on all other categories.
|Oriental Bank of Commerce SBI Platinum Card (Unsecured and secured)|
2 reward points on every spend of 100/- on categories other than spends on Grocery, Dining, at Departmental stores, and International spends.
Earn 5X reward points for every 100/- spent on Grocery, Dining, Departmental Stores, and on International Spends.
You get a gift voucher worth 3000/- from Bata/hush puppies, Shoppers Stop, Yatra, Westside or Marks & spencer. The coupon code will be sent to your registered mobile number.
For Yatra, you can give the coupon code while making the purchase online.
For the others, you can show the coupon code at the respective stores for redemption.
For annual spends of 2.00 lakhs in the previous year, you get e-vouchers worth 3000/- from Yatra, Stoppers Stop, Hush Puppies, Bata, and Westside.
For annual spends above 4.00 lakhs and 5.00 lakhs you can choose from the e-vouchers worth 3000/- from Stoppers Stop, Westside, Hush Puppies, Bata or Yatra.
The joining fee and annual fee for Oriental Bank of Commerce SBI Credit Card (both Unsecured and Secured) is 499.00. The Annual Fee (second year onwards) of 499/- will be waived on an annual spend of 1,00,000/- in the previous year.
The joining fee and annual fee for Oriental Bank of Commerce Platinum Card (both Unsecured and secured) is 2999/-. The Annual Fee (Second year onwards) will be waived on an annual spend of 2.00 lakhs in the previous year.
|Name of the charge||Features|
|Finance Charge||3.35% p.m. for unsecured cards and 2.50% p.m. for secured cards|
|Cash Advance Fee|
For cash withdrawn at SBI or other ATMs, the fee is 2.5% of the transaction amount with a minimum of 300/-
For cash withdrawal at International ATM, the cash advance fee is 3% of the transaction amount with a minimum of 300/-
|Charges for cheque pick-up||100/-|
|Charges for payment by cheque for an amount up to 10,000||100/-|
|Duplicate Statement||100/- per statement for statements that is more than 2 months old.|
|Cheque/ECS dishonour||2% or the payment amount subject to a minimum of 450/-|
|Delayed payment charges|
|Charges for the usage of the card above the sanctioned limit||2.5% of the overdrawn amount with a minimum of 500/-|
|Card replacement charges||100/-|
|Emergency card replacement while on travel abroad||Nil|
|Foreign currency mark-up fee||3.5% of the transaction|
|Charges for rewards redemption||99/-|
|Charges for cash deposit at branches||100/-|
|Railway ticket surcharge|
For booking at counters: 30/- plus 2.5% of the transaction amount.
For booking online: 1.8% of the transaction amount.
To apply for the Credit Card through the bank, you will have to visit the nearest branch of Oriental Bank of Commerce and submit the prescribed application form for Credit Card along with the required documents. The status of the credit card application will be up dated through SMS on your registered mobile number.
MyMoneyMantra has provided a digital platform to apply for the Credit Card online. You should make use of this platform to apply for OBC Credit Card through MyMoneyMantra.
On completing the above process, the representatives of MyMoneyMantra will contact you and assist you through the process of documentation until the approval.
On approval, the credit card will be dispatched to your registered residential address. The card and the pin will be dispatched separately.
The eligibility criteria as detailed below have to be complied with to qualify for the OBC Credit Card.
KYC documents like the address proof and the photo ID proof along with Income Proof have to be submitted. The documents should be a part of the enclosures to the prescribed credit application of the Bank.
The following documents are accepted as address proof.
The documents that are accepted as Photo Proof are
The following documents are accepted as income proof
The following methods have been devised for the payment of Oriental Bank of Commerce Credit Card.
Auto-debit: The customers of Oriental Bank of Commerce can opt for auto-debit from their savings bank/current account for the payment of the credit card dues on the due date.
Internet banking: The customers of Oriental Bank of Commerce can make the credit card payment by logging in to the net banking facility with user ID and password.
Mobile App: The card payment can be done through the mobile App. of Oriental Bank of Commerce. The payment can be done either by IMPS, NEFT or transfer from the account.
NEFT/RTGS: If payment has to be done from other bank accounts, then NEFT/RTGS is the best option. The beneficiary account for NEFT/RTGS will be the 16-digit credit card number.
Cheque: Payment can be done through a cheque drawn on Oriental Bank of Commerce or on any other bank. The payee?s name should be the 16-digit credit card number. The name of the cardholder and the registered mobile number has to be mentioned on the reverse of the cheque.
Cash: Payment can be done by depositing cash at any of the branches of Oriental Bank of Commerce.
For any queries regarding Oriental Bank of Commerce Credit Card you can contact the following numbers:
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The E-smart facilities offered by OBC SBI Credit Card are
The Easy Money Facility is a cash advance facility which you can opt for up to the cash limit on your credit card whenever in need of urgent funds. The cash advance will be delivered to your doorstep by way of a cheque or a draft. To avail this facility the credit card dues for the last 6 months must have been paid promptly. In other words, your track record in respect of credit card payment must be satisfactory.
The cash withdrawal limit is 40% of the credit limit and is restricted to 15000/- in a day.
The loss/theft of the card should be reported immediately to the customer care centre of the bank. The card will be blocked immediately to stop further transactions on the card. The Bank will not be responsible for the transactions that have taken place prior to the reporting of the card. The liability for the cardholder on the transactions that take place after blocking the card will be zero.
With the SBI Card Drop Box Locator, you can locate the nearest drop box in your locality just by following some simple steps
While making payment of OBC credit card vide a cheque, you should know that outstation cheques are not accepted for the card payment and also non-CTS cheques are not accepted for credit card payment.
With Easy Bill Pay, the payment of utility bills like telephone bill, electricity bill, water bill, mobile bill, etc. have been made very easy. You can link your credit card to these bill payments and the bills will be paid on the due date automatically. With this, you will never miss the payment of your utility bills on due date. This is the best way to manage the payment of utility bills.