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Bank Muscat Priority Banking launches Oman first Visa Signature

MUSCAT – Bank Muscat, the flagship financial services provider in the Sultanate, marked a grand celebration for asalah Priority Banking customers under the auspices of HH Sayyid Kamil bin Fahd Al Said, Assistant Secretary General of the Office of the Deputy Prime Minister for the Council of Ministers, at Opera House. The highlights of the ceremony attended by dignitaries and AbdulRazak Ali Issa, Chief Executive, included the launch of Oman's first and exclusive premium Visa Signature credit card for asalah Priority Banking customers. The guest of honour also picked the winner of RO 500,000 in an exclusive al Mazyona jackpot prize draw held for asalah customers.

For the first time in Oman, the prestigious Visa Signature credit card offers a world of never-before privileges to asalah Priority Banking customers. The free-for-life card offers 1 per cent cash-back on all purchases, 24-hour global concierge service, unlimited access to 35 premium airport lounges, limousine service, travel insurance and purchase protection to name a few.

AbdulRazak Ali Issa said, “As the flagship bank in the Sultanate, Bank Muscat is proud to offer exclusive services and benefits for asalah Priority Banking customers. The new Visa Signature credit card and the exclusive jackpot prize of RO 500,000 reflect Bank Muscat's focus to remain the nation's bank of first choice and commitment to meeting expectations of Priority Banking customers at all levels. asalah Priority Banking services are centred on recognition, rewards and solutions, which have set a benchmark for personal and relationship-based banking in Oman. Bank Muscat is committed to reciprocating the trust and confidence reposed by asalah customers in the bank. The priority banking products and services are in step with smarter strategies aimed at providing a distinct banking experience."

asalah Visa Signature cardholders are privileged to unlimited complimentary access to about 35 airport lounges covering MENA, Europe & North America. They can also invite one guest to the lounge on complimentary basis. The exclusive card benefits include complimentary chauffeur service to and from Muscat International Airport.

asalah Priority Banking  customers are entitled to 1 per cent cash-back as a reward accrued on each Visa Signature purchase transaction locally and internationally. A wide range of free travel insurance is also available with asalah Visa Signature card, including travel accident insurance, medical insurance as well as insurance for lost baggage and money, trip cancellation, travel delay, delay baggage, personal liability, legal expenses and loss of passport.

As an exclusive Visa Signature cardholder, asalah customers are provided coverage against accidental damage or loss of purchase, including Internet purchases and items ordered online to send as gifts. They also enjoy the benefits of extended warranty when shopping using asalah Visa Signature Card. The bank doubles the manufacturer's original warranty up to a combined maximum of 24 months.

During 2014, asalah customers maintaining a minimum balance of RO 30,000 are eligible to participate in all al Mazyona prizes, in addition to exclusive prize draws earmarked for them, the high savings balance customers have exclusive monthly prize draws of RO 10,000, RO 50,000 every quarter and a jackpot year-end prize of RO 500,000.

asalah Priority Banking offers personalised banking platform for high-end customers who are served by qualified relationship managers (RM) at exclusive centres in select branches across the Sultanate. The distinct value proposition is aligned with the needs of high-end customers and provides a differentiated and specialized banking experience.