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​Bank Muscat's Easy Payment Plan offers great value for credit cardholders

MUSCAT, 29 September 2019 

Bank Muscat, the flagship financial services provider in the Sultanate, in step with its vision ‘To serve you better, everyday’ and commitment to offer an attractive value proposition for customers, offers its Easy Payment Plan (EPP) for all its credit cardholders. The EPP scheme will help bank customers to make high value purchases from the outlets of participating merchants and pay for these purchases in 12 monthly instalments without paying any interest.

All Bank Muscat credit cardholders are eligible for this offer at over 150 participating merchant outlets including jewellery, electronics, home furniture, medical services. Bank Muscat credit cards, which spell convenience and security, are a preferred mode of payment in Oman and the EPP scheme reiterates the bank’s commitment to promoting secure card payments in Oman. To know more about EPP offers, customer can download the BMoffers app from Google Play or App Store. Customers can also check more details about the participating merchants on the bank’s website at www.bankmuscat.com/en/cards/Pages/epp.aspx.

Customers can visit any of the participating merchants and request for an EPP at the time of making the payment. Each time a purchase is made through EPP, the available credit limit in the credit card account will be reduced by an amount equal in value to the purchase amount. However, with every monthly instalment payment, the available balance will increase by that amount. The bank will collect payments as per the standing instructions given by customers. EPP is also aimed at motivating a change in consumer behaviour towards secure and convenient card payments instead of cash.

Amjad Iqbal Al Lawati, AGM - Cards & eBanking, Bank Muscat, said: “Bank Muscat has always responded to customer requirements in a proactive manner. The Easy Payment Plan allows customers to avail goods and services and pay conveniently over a period of 12 months. This will allow them purchase high-value items without straining to pay high interest rates or to delay their purchase decisions as they would have normally done.”

Customers are not required to provide any additional documents and the scheme ensures affordability for high-end products and services. For the benefit of its customers, the bank has announced that customers will continue to be eligible for rewards points based on the purchase amount in the case of rewards credit cards.