Bank Muscat waives first-year credit card fees, adds loan offers
Bank Muscat will waive the annual fee for the first year on a range of credit cards for new applications submitted between 1 and 30 November 2026, and will also offer competitive interest rates on its Waqaar retirement loan and My Car loan through the end of December 2026.
In this story
At a glance
- What changes
- First‑year annual fee waived on selected credit cards and lower loan interest rates
- Timing
- Card fee waiver 1‑30 Nov 2026; loan rates 1 Nov‑30 Dec 2026
- Who is affected
- New credit‑card applicants, retirees, and car‑loan seekers in Oman
The details
- Announced by
- Bank Muscat
- New rule
- Annual fees are waived for the first year on the listed credit cards for new issuances during the promotional period, and loan interest rates start from 3.75% per annum for eligible borrowers.
Credit Card Fee Waiver
Bank Muscat introduced a promotional scheme that removes the annual fee for the first year on several of its credit cards. The offer applies to new card issuance requests submitted between 1 and 30 November 2026.
Eligible cards include the Jawhar Visa Platinum, Gold Credit Card, Muscat Bank Card, Oman Air Platinum, and Mastercard Lulu cards. Both primary and supplementary cards are covered, subject to the bank’s credit‑card policy terms.
- Apply through the mobile app or digital card service
- Cards can be activated instantly on a smartphone
- Free express delivery is provided for the physical card
Business Card Promotion
Customers of the Najahiy commercial banking division can obtain the Najahiy Visa Platinum Business card with a first‑year fee waiver. The promotion runs from 1 November to 31 December 2026.
The card offers a 0.5% cash‑back on eligible transactions, a credit limit up to OMR 5,000, and access to Visa Business benefits such as professional networking and marketing tools.
- Submit the application at any Najahiy centre
- Eligibility follows the standard business‑card criteria
- Card can be used locally and internationally
Loan Rate Promotions
Two loan products receive special interest rates during the promotional window. The Waqaar loan for Omani retirees whose pensions are transferred to Bank Muscat offers reduced rates, while the My Car loan for Omani citizens and residents in government, semi‑government or private sectors offers competitive rates starting at 3.75% per annum.
Both loans are available for applications received between 1 November and 30 December 2026, subject to eligibility and the bank’s standard terms.
- Waqaar loan targets retirees with pension accounts at the bank
- My Car loan serves employees in the first and second employment categories
- Interest rates are applied according to the borrower’s employment sector
What this means for travellers
Trip planning
- Travelers planning to use a Bank Muscat credit card for purchases during their trip can benefit from a fee‑free first year if they apply within the November window.
- No change to travel‑related banking services; existing cards remain unaffected.
Cost and documents
- Annual fee is waived for the first year on eligible cards; no additional cost is introduced.
- Applicants must meet the bank’s standard eligibility criteria, which are unchanged.
What you need to do
- Submit a new credit‑card application between 1 and 30 Nov 2026 to receive the fee waiver.
- Apply for the Waqaar or My Car loan before 30 Dec 2026 to lock in the promotional interest rate.
Who this affects
-
New credit‑card applicants
The fee‑waiver promotion applies only to cards issued during the 1‑30 Nov 2026 period.
What to do Apply for one of the listed cards within the promotional dates.
-
Business customers of Najahiy
The Najahiy Visa Platinum Business card fee waiver runs from 1 Nov to 31 Dec 2026.
What to do Visit a Najahiy centre and submit the business‑card application within the period.
-
Omani retirees
The Waqaar loan offers reduced interest rates for retirees whose pensions are held at the bank.
What to do Apply for the Waqaar loan before 30 Dec 2026 if eligible.
-
Employees seeking a car loan
The My Car loan provides competitive rates for government, semi‑government and private‑sector workers.
What to do Submit a My Car loan application by 30 Dec 2026 to benefit from the promotional rate.
Frequently asked questions
When does Bank Muscat's credit‑card fee waiver start and end?
The fee waiver applies to new credit‑card applications submitted from 1 November to 30 November 2026, covering the first year of annual fees for the eligible cards.
Which credit cards are included in the fee‑waiver promotion?
The promotion covers the Jawhar Visa Platinum, Gold Credit Card, Muscat Bank Card, Oman Air Platinum, and Mastercard Lulu cards, both primary and supplementary, as per the bank’s credit‑card policy.
What interest rate does the My Car loan offer during the promotion?
The My Car loan offers competitive interest rates starting from 3.75% per annum for eligible borrowers applying between 1 November and 30 December 2026.
Can existing Bank Muscat cardholders get the fee waiver?
No, the fee waiver is only for new card issuances requested within the promotional period; existing cards continue under the current fee structure.
How can I apply for the Najahiy Visa Platinum Business card?
Applications can be submitted at any Najahiy business‑banking centre between 1 November and 31 December 2026, following the standard business‑card eligibility requirements.
