Bank of Baroda (BOB )CORPORATE Credit Card

The BOB Bank’s CORPORATE Credit Card stands out as an excellent choice among credit cards tailored for corporate needs. This lifetime free card, offered by Bank of Baroda, comes with no Joining or Renewal Charges, allowing users to enjoy its benefits without any additional fees. The Corporate card not only benefits the corporate entity but extends its advantages to employees as well.

For corporations, the card serves as a valuable tool for expense tracking and monitoring employee spending. It facilitates a streamlined and cashless transaction process, contributing to efficient financial management. On the employee front, the card offers a plethora of advantages. Travel benefits include access to domestic airport lounges during business trips, accompanied by insurance coverage for added security. In essence, the Bank of Baroda CORPORATE Credit Card emerges as a comprehensive solution catering to both corporate and individual needs.

Key Highlights of Bank of Baroda CORPORATE Credit Card

  1. Enjoy a Lifetime Free credit card with no annual fees.
  2. Earn 1 Reward Point for every Rs. 100 spent on the card.
  3. Benefit from 8 complimentary airport lounge accesses each year.
  4. Receive insurance protection for both air accident death and non-air accident situations.
  5. Avail a 1% Fuel Surcharge waiver on all fuel transactions.
  6. Take advantage of an Easy EMI option for every transaction made with the card.
  7. Corporate users can opt for Fourth Line Embossing for added customization.

Features and Benefits of Bank of Baroda CORPORATE Credit Card

The Bank of Baroda CORPORATE Credit Card offers several features and benefits:

1. Easy Tracking:

  • Expense Tracking: The Corporate card facilitates effortless tracking of corporate expenses and enables monitoring of employee expenditures.
  • Streamlined Transactions: The card contributes to the efficiency of financial transactions by streamlining the process and ensuring automatic settlement of payments.

2. Travel Benefits:

  • Airport Lounge Access: Enjoy 8 complimentary Domestic Airport Lounge accesses annually through the Visa Airport Lounge Access Program for business travels. Lounge visits are limited to 2 times per quarter.

3. Insurance Protection:

  • Air Accidental Death: Coverage of Rs. 1 crore in case of air accidental death.
  • Non-Air Accidental Death: Coverage of Rs. 10 lakh for non-air accidental death.

4. Fuel Surcharge Waiver:

  • Cardholders receive a 1% waiver on surcharges for fuel purchases made with the Bank of Baroda CORPORATE Credit Card. This waiver applies to fuel transactions ranging from Rs. 500 to Rs. 3,000, with a maximum cap of Rs. 250 per statement cycle.

5. Zero Liability Protection:

  • BOB Bank offers zero liability protection, ensuring customers are not held responsible for fraudulent transactions on lost or stolen cards if promptly reported to the bank.

Bank of Baroda CORPORATE Credit Card Fees and Charges

Explore the fee structure for the Bank of Baroda CORPORATE Credit Card and discover the financial advantages that come with it.

1. Joining Fee: No joining fee is required.
2. Annual Fee: There is no annual fee.
3. Minimum Annual Credit Card Spend for Fee Waiver: Not applicable.
4. Income Criteria:

  • Salaried: Not applicable.
  • Self-employed: Not applicable.

5. Supplementary Card Fee: No fee for supplementary cards.
6. Interest Rate: The annual interest rate is 39.00%.
7. Foreign Currency Markup: A foreign currency markup of 3.50% applies.
8. Cash Advance Charge: There is a cash advance charge of 2.50%, with a minimum of ₹500.

Eligibility Criteria for Bank of Baroda CORPORATE Credit Card

Here are essential criteria for applying for an Bank of Baroda CORPORATE Credit Card:

  1. Indian residency is a prerequisite.
  2. Sole proprietorships do not qualify.
  3. The age range for individual corporate card applicants is 21 to 65 years.
  4. The corporate entity must maintain one of the following relationships with Bank of Baroda: CC/OD relationship, Current Account relationship, or Fixed Deposit relationship.

How To Apply for Bank of Baroda CORPORATE Credit Card?

Follow these steps to apply for the Bank of Baroda CORPORATE Credit Card:

  1. Visit the official website: https://www.bobfinancial.com/.
  2. Select the Bank of Baroda CORPORATE Credit Card option.
  3. Follow the link to access the application form.
  4. Complete the application form with thorough attention to detail.

Frequently Asked Questions (FAQs)

1. What is the Bank of Baroda CORPORATE Credit Card?

The Bank of Baroda CORPORATE Credit Card is a specialized credit card designed to meet the financial needs of corporate clients.

2. How can I apply for the Bank of Baroda CORPORATE Credit Card?

To apply, visit the official website at https://www.bobfinancial.com/, choose the CORPORATE Credit Card, and fill out the application form.

3. What are the eligibility criteria for the CORPORATE Credit Card?

Eligibility criteria may vary. It typically includes factors such as the company’s financial stability, credit history, and other business-related parameters.

4. What features does the Bank of Baroda CORPORATE Credit Card offer?

The card may offer features such as expense management tools, corporate rewards programs, travel benefits, and tailored solutions for corporate spending.

5. What is the credit limit for the CORPORATE Credit Card?

Credit limits depend on various factors, including the company’s financial standing and creditworthiness. Specific details can be discussed during the application process.

6. How can I check the status of my CORPORATE Credit Card application?

You can track your application status through the official website or by contacting the Bank of Baroda customer service.

7. Are there any annual fees associated with the CORPORATE Credit Card?

Details about annual fees, if applicable, can be found in the terms and conditions provided by the bank. These fees may vary based on the chosen card variant.

8. What security features are in place for the CORPORATE Credit Card?

The card may come with security features such as EMV chip technology, PIN protection, and additional security layers to safeguard against unauthorized transactions.

9. How can I manage and track corporate expenses with this credit card?

The CORPORATE Credit Card often provides online tools and statements to help businesses track and manage expenses efficiently.

10. Can supplementary cards be issued for employees under the CORPORATE Credit Card?

Yes, many corporate credit cards allow for the issuance of supplementary cards to designated employees. Specific details can be obtained during the application process.