Elevate your business experience with the Corporate purchasing Card and enjoy a plethora of customer-centric benefits that redefine convenience. Say goodbye to time-consuming expense reconciliation as you effortlessly track and manage your expenses in real-time. Reap the rewards of enhanced control by setting transaction limits and merchant categories, safeguarding your financial interests like never before.
Track and manage employee expenses.
Restrict use of card based on Transaction limits and Merchant Categories.
Monitor card use for compliance, fraud detection and comprehensive reporting.
Purchaser and merchant management to enhance working capital control
Up to 53 days of interest free credit period
Faster payments to suppliers provide leverage to negotiate better purchase terms
Real-time reporting insights to compare costs and control expenses
The Purchasing card can be customized to meet the user's specific needs. Thus, the credit card can be programmed for cash withdrawals, online transactions, over the counter purchases, and so on, depending upon the customer's requirements.
The process starts with a detailed product presentation to the corporate customer's designated Finance and Accounting personnel. Thereafter, in consultation with the applicant, the overall Purchasing card limit is set. This limit will be part of the overall working capital facility made available by Sohar International to the customer. Once the paperwork is in place, Sohar International begins the process of setting up and customizing an account in the customer's name. A brief training session for the corporate user then follows before the credit card is fully activated.
Any company applying for corporate purchasing credit card must open an account in its name with Sohar International.
This chip-based card comes with powerful safety features that offer complete protection against potential misuse. Users exercise full control over their transactions (whether related to over-the-counter purchases, cash withdrawals, and online transactions).
|Corporate purchasing credit card(s) *|
1st year free annual fee for the Corporate Purchasing Credit Card
2nd year onwards RO 20
|Annual Fee Waiver||Minimum Spend of RO 7000/- per year per card will be entitled to annual fee waiver (for this card only)|
|Annual Interest rate for corporate customers with other credit facilities|
12% first year
18% from the second year onwards
|Annual Interest rate for corporate customers having corporate credit cards only as Sohar International facilities|
12% first year
20% from the second year onwards
|Cash Advance Fee||RO 3+3% of amount|
|Card Cancellation Fee||RO 20/-|
|Card Replacement Fee||RO 20/-|
|Over Limit Fee||RO 20/-|
|Returned Cheque Fee (for lack of funds)||RO 50/-|
|Receipt Copy Request Fee (on invalid disputes only)||RO 25/-|
|Foreign Transactions Fees (apply for all transactions made in currencies other then OMR)||3% of transaction amount|
|Minimum Amount Due||100%|
|Interest Free Period||Up to 50 days|
|Cash Advance Limit||0% or upon corporate customer request|
|Late Payment Fee||10+3% on amount due|
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The Purchasing Card isn't just a tool – it's your gateway to financial empowerment, offering you access to comprehensive reporting, fraud detection, and compliance monitoring. Embrace a future where expense management is effortless and rewards are boundless – experience the Purchasing Card today and embark on a journey of financial liberation.