Banking & Finance
Oman Arab Bank doubles credit card sales
Following its introduction on Oman’s 45th National Day, Oman Arab Bank’s innovative credit card online loyalty program ‘OAB Rewards’ has received an overwhelming response from customers. OAB Rewards entitles all OAB credit card holders who are subscribed online to earn points as they spend on their credit cards.
Following its introduction on Oman’s 45th National Day, Oman Arab Bank’s innovative credit card online loyalty program ‘OAB Rewards’ has received an overwhelming response from customers. OAB Rewards entitles all OAB credit card holders who are subscribed online to earn points as they spend on their credit cards. Earned points can be redeemed from a wide range of options through the Bank’s dedicated online portal (www.oabrewards.com).
OAB Rewards’ designated platform is designed to serve as an online travel reservations engine that allows customers to select and book directly with over 900 airlines, 200,000 hotels and car rentals in over 150 countries across the globe by simply redeeming their points. Customers can also shop online directly through the portal with partnering retailers or in fact, exchange their points for cash-back to the card account.
Fahd Amjad, General Manager Retail Banking at Oman Arab Bank said, “Our creatively conceptualized customer loyalty program has been extremely well received in such a short time. We have seen over 15% of our credit card customers subscribe to the loyalty program within three months of launch. Our monthly credit card sales have also doubled as many of our customers find unmatched benefits with OAB Rewards. OAB Rewards has been designed to enhance the banking experience, strengthen our comprehensive credit card offering and most importantly, to say thank you to our customers for being part of the OAB family.”
Oman Arab Bank credit cards provide an array of benefits to customers including interest free payment period, flexible monthly minimum payment option, free travel insurance and purchase protection, zero lost card liability and online shopping security via Verified by Visa to name but a few. The card is also equipped with an advanced chip feature to protect customers’ confidential information. While travelling, OAB credit card holders can enjoy a relaxing lounge experience at over 500 international airports including Muscat and Salalah.
Additionally, card holders enjoy exclusive ‘buy one get one free’ and hotel stay offers locally and in the United Arab Emirates. Customers can choose from a wide variety of card categories including Visa Infinite, Platinum, and Gold, Internet shopping as well as Classic credit cards.
Oman Arab Bank is a leading bank in the Sultanate of Oman and it proudly operates in 67 branches and offices, more than 120 ATMs and CDMs across the Sultanate. The Bank offers a wide range of banking products and services to its valued customers through Retail, Corporate, and Investment Banking operations. OAB is currently on a transformational mission to digitalize its services for clients in Oman.
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