Banco de Occidente Credencial Company Profile and History

Banco de Occidente Credencial has its roots in Colombia, founded in 1955 as a credit union. It was originally designed to serve the financial needs of its members.

The company's initial focus was on providing small loans to its members, which helped them to improve their economic situations. This approach allowed the credit union to build trust and a strong reputation within the community.

Over time, Banco de Occidente Credencial expanded its services to include a wider range of financial products, such as savings accounts and credit cards. This growth helped the company to become a more comprehensive financial institution.

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Banco de Occidente Credencial offers a range of financial services that cater to different needs.

Their credit cards, such as the Tarjeta de Crédito Credencial Santafé, have an annual fee of $31,000.

You can manage your finances with ease using their credit cards, which don't charge a management fee, like the Tarjeta Credencial Free Visa.

This card is a great option for those who want to avoid extra charges.

Here's a summary of the credit cards they offer:

With Banco de Occidente Credencial, you can enjoy a range of benefits that make your life easier and more enjoyable.

You'll get a permanent cashback of 3% on hotels, with a maximum of $50,000 per purchase. This means you can save a significant amount on your hotel bookings.

Additionally, you'll also get a permanent cashback of 3% on airlines and restaurants, again with a maximum of $50,000 per purchase. This is a great way to earn rewards on your daily expenses.

You'll also have access to exclusive experiences, such as priority access to events and concerts, and the ability to purchase tickets before they go on sale to the general public.

Here are some of the benefits you can expect:

You can also take advantage of the Visa Airport Companion program, which offers exclusive benefits and services to Visa cardholders, including access to over 233 VIP lounges worldwide.

At Banco de Occidente Credencial, they offer a range of Mastercard and Visa credit cards designed to meet the diverse needs of their clients. The Tarjeta de Crédito Credencial Platinum, for instance, allows clients to apply the TRM to payment in pesos of consumption in dollars, making it easier to manage international transactions.

This card also comes with a minimum income requirement of $10,092,000 and offers a 12-month exemption from management fees for new clients. Clients can also enjoy exclusive experiences and ticketing in advance, as well as accumulate points for every purchase made with the card.

The Tarjeta de Crédito Credencial Premium offers similar benefits, including the application of TRM to payment in pesos of consumption in dollars and a minimum income requirement of $10,092,000. New clients can also enjoy a 12-month exemption from management fees.

In addition to these benefits, the Tarjeta de Crédito Credencial Premium comes with a range of exclusive services, including travel, vehicle, and home assistance, all at no additional cost. Clients can also participate in various campaigns with partners, offering benefits such as cashback, discounts, and special interest rates.

Here are some of the benefits of the Tarjeta de Crédito Credicial Premium:

Banco de Occidente Credencial has a rich history that spans multiple milestones. The company was founded as part of Corporación de Ahorro y Vivienda Las Villas.

One of the earliest notable events in the company's history is the adquisition of Banco de Occidente Credencial by Aval. This marked the beginning of Aval's expansion into the banking sector.

In the following years, Aval continued to grow and consolidate its presence in the market through various acquisitions, including the Banco de Bogotá and Banco Popular and Ahorramás.

Banco de Occidente has a long history of providing excellent banking services to its customers. The company's traditional credit card, Credencial Clásica Mastercard and Visa, has a management fee of $26,533.

One of the benefits of this card is the application of TRM to payments in dollars for consumption. This means that the value registered for payment in pesos will be converted to dollars at a rate that is updated regularly.

If you're planning to make a purchase online in the US or Europe, you can take advantage of the card's online shopping feature, which allows you to buy and have items shipped directly to your home via SKYBOX.

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The card also offers protection against price changes, so if the item you bought goes on sale within 30 days, you'll be reimbursed for the difference. Additionally, you'll have access to emergency services 24/7, both locally and internationally.

Here are the management fees for Banco de Occidente's traditional credit cards:

The card also offers protection against theft or accidental damage to purchases, as well as 24/7 assistance worldwide, including lost or stolen card reporting and emergency cash advances.

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Meet the key players who helped shape the company's history. Grupo Aval made its mark on the stock market by issuing preferred shares in the form of ADRs on the NYSE.

Let's take a closer look at the key milestones that involved the company's leadership. Grupo Aval increased its direct participation in Banco de Bogotá and Banco de Occidente.

Meet some of the key figures who played a crucial role in the company's growth. Grupo Aval acquired a direct stake in Corficolombiana.

Here are the key players mentioned in the article:

Aval's history in the banking sector began with the acquisition of Banco de Occidente Credencial and the founding of Corporación de Ahorro y Vivienda Las Villas.

The company's growth continued with the acquisition and consolidation of Banco de Bogotá, followed by the acquisition of Banco Popular and Ahorramás, and the merger of financial corporations to form Corficolombiana.

Aval's expansion led to its second stock offering in the Colombian market, and the acquisition of Megabanco, Banco Aliadas, and Banco Unión Colombiano.

Here's a brief timeline of Aval's major milestones:

Aval continued to grow with the issuance of international bonds by the company and Banco de Bogotá, as well as the acquisition of BBVA Horizonte, BBVA Panamá, and Grupo Reformador in Guatemala.

The company's expansion also included the issuance of local bonds for COP$ 400 billion and international bonds for US$ 1.0 billion, as well as the acquisition of Multi Financial Group in Panamá.

Aval's history also includes the escision of BHI (BAC Holding International Corp.) and the participation of Banco de Bogotá in an OPA for BHI's ordinary shares.

The early days of Banco de Occidente were marked by the introduction of their first credit card, the Tarjeta de Crédito Credencial Clásica Mastercard y Visa.

This card came with a management fee of $26.533.

Banco de Occidente's commitment to customer protection was evident in the Tarjeta de Crédito Credencial Clásica Mastercard y Visa, which offered price protection that covered the difference if the purchased item was sold at a lower price within 30 days of the purchase.

In addition to this, the card provided 24-hour emergency services worldwide, with no-cost calls and emergency services for the cardholder.

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The Tarjeta de Crédito Visa Free, on the other hand, offered a more affordable option with a management fee of $0.

Here are some key features of Banco de Occidente's early credit cards:

These features demonstrate Banco de Occidente's focus on providing customers with convenient and affordable financial solutions.