The banking and finance sectors are highly developing and finding ways to help people with possible money options. Such cases have given birth to credit cards, thereby making people believe that they are not alone and that they have the support of banking institutions. The wide usage of credit cards has unlocked several benefits and comforts for people. It is time for us to know Bank Muscat credit card eligibility and minimum salary requirements.
Bank Muscat is a leading financial service bank, based in the Sultanate of Oman and was founded in 1974 which marks the successful services provided by them for more than fifty years. Their services include corporate banking, investment banking, personal banking, retail banking, Islamic banking, private banking, treasury and asset management. It is interesting to know that this bank has the largest network of branches in Oman and also they have extended their office to Saudi Arabia, Kuwait, UAE, Iran and Singapore.
In addition, Bank Muscat has its own ATMs, deposit machines, and full-function machines. It has the dignity of being voted the 'Best Bank in Oman' for seven years. In this blog, let us learn about eligibility to apply for a Bank Muscat credit card and minimum salary limits.
The credit cards offered by Bank Muscat are in various forms, and they include classic credit cards, Lulu credit cards, gold credit cards, Visa credit cards, Zeinah credit cards, infinite credit cards and signature credit cards. You can choose the specified credit card as per your preferences and requirements. You can use your credit card for dining, traveling and shopping as you would use your other credit cards. It offers all the basic luxuries of credit cards, and more of them depend upon the specified card you will select while applying for it. Before going any further, it is important to be aware of the eligibility standards so that you will save the trouble of missing something for later.
In order to be eligible for a Bank Muscat credit card, you are required to adhere to the age limit of the application process. You should be at least 18 years old, and anywhere below 18 would not qualify for the application process. Therefore, checking if you are meeting the minimum age limit is advisable. Though it might vary with other banks as 21 being the age limit, Bank Muscat has set 18 as the minimum age for applying for a credit card with them. Looks like Bank Muscat can be an advantage for those who want to open a credit card at a smaller age.
One of the undeniable or not excusable eligibility requirements for this credit card application is that you need to be a citizen or resident of Oman. This proof of identification helps in understanding and proving that you are either an Oman citizen or a resident or someone living there. Certain documents are required to be submitted as proof of identity, and it varies for citizens and residents.
Following the above proofs and having them handy will create a hassle-free credit card application experience for you. So, do not wait any longer to get the proof prepared before applying for Bank Muscat's credit card.
The credit card will be approved based on your employment or income details because the bank needs to be sure that you can repay the amounts on your credit card. Bank Muscat credit card minimum salary limit varies for Oman citizens and expats who are non-Omani citizens. Let us see how it works with your salary. The bank will set up a certain limit as your salary amount and they will check if you are earning the minimum salary limit in order to approve your credit card.
The minimum salary limit or requirement that is looked forward to in your credit card application as the citizens of Oman will be expected to have a monthly salary of OMR 250. On the other hand, the residents, ex-pats or non-Omani citizens are supposed to earn a minimum monthly salary of OMR 500.
Credit card approval is entirely based on the documents you submit during the application process. This is because only those documents can convince the bank to trust you before providing you with a credit card and money. In such cases, your salary certificate will be the perfect and trustworthy document that one could use to gain the trust of the bank following the credit card approval.
The salary certificate will be provided by your employer. It will include your position or the role for which you are entitled to work, your monthly salary details or the salary details as a whole and your status of employment as if you are currently working there or not. If in case, you are already receiving the salary slips from your company or organization, then you do not have to submit the salary certificate. The salary slip itself will do its work here as proof of income.
The above process is applicable for standard job going individuals and it will not be suitable for self employed or business people. In such cases, you can submit your bank statements which will reflect the consistent credit of your income.
Instead of submitting your salary certificate, Bank Muscat credit card salary limit also allows you to use your existing fixed deposits with the bank as a source of money in your account. If you have or maintained a certain value in your fixed deposits, that would also help you in getting the approval for your credit card with Bank Muscat.
Even though your salary or deposits determine your capability of repaying the credit card amount, the credit score plays a vital role in making the process a little easier. A credit score is one of the eligibility criteria considered by the banks before approving the credit card. It reveals the fact that an individual would be able to repay the amount on time. This matters a lot for the banks and it is equally required to maintain a good credit score for getting the credit card. The minimum eligibility of credit score depends upon the banks. However, it is advisable to maintain the general scale of good credit scores.
There are different kinds of credit cards offered by Bank Muscat, and these cards are unique in their specifications. The kinds of cards include :
There are several benefits that come along with the Bank Muscat credit cards. Let us explore those benefits.
Bank Muscat offers a wide range of credit cards as per the preference and convenience of the people. In this blog, we have explored the details of Bank Muscat credit cards and what are the documents required as proof in order to get the credit card approved. The Bank Muscat credit card minimum salary makes people understand the possible ways of having the credit card approved. Having the necessary documents in hand will make the application process simpler and quicker. Now, it is time to get those documents prepared to get your credit card from Bank Muscat!
Yes, Bank Muscat offers online banking services, making it easier to manage the banking and finance with your bank at any time and all at one place. This reduces the visit to your banks and you are now provided all the necessary details with the online application.
Yes, you can now report any kind of lost or stolen credit cards with the help of online or internet banking of Bank Muscat. All you need to do is to go to the customer service section and select the ‘block the credit card’ option. It will further block your credit card as soon as possible upon your request. This saves your time and also it is very instant compared to visiting the branches of the bank.
The credit card bills could be paid via online too. You do not have to visit the branch to pay your bills. You can now pay it from anywhere with the help of the online transaction service that also has credit card bill payment options. For that, you can navigate to the bill payment section, then you have to select the 'Pay my credit card bill' option. After that, you are good to choose the card for which you need to pay the bills.
Yes, the non-residents of Oman also do have the option to get a credit card from Bank Muscat. You can use your passport and a valid resident card as a proof of identity and apply for the Bank Muscat credit card.
In order to apply and get approved for a Bank Muscat credit card, you need to have a minimum salary of OMR 250, respective to being a citizen of Oman. If you are a resident of Oman, then you have to fall under the minimum salary requirement of OMR 500.
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FABCashback Credit Card
Minimum Salary AED 5,000
Annual Fee AED 315
Rate 3.50%
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FABCashback Credit Card
Minimum Salary AED 5,000
Annual Fee AED 315
Rate 3.50%
