Bank of Baroda Premier Credit Card

The Bank of Baroda Premier Credit Card, issued by BoB Financial, offers numerous benefits at minimal charges. With no joining or annual fees, you can earn up to 10 reward points per Rs. 100 spent, redeemable for various options, including cash credit. Additionally, enjoy complimentary visits to selected Indian airport lounges every calendar quarter. The card, previously priced at Rs. 1,000 annually, now comes with waived fees, ensuring customers access exceptional benefits without any cost.

Key Highlights of Bank of Baroda Premier Credit Card

Unlock unparalleled benefits with the Bank of Baroda Premier Credit Card.

  1. Suitability: Ideal for travel and dining enthusiasts.
  2. Enrollment fee: Rs. 1,000.
  3. Annual Charges: Rs. 1,000.
  4. Best Feature: Earn 5X Points (conditions apply) for each Rs. 100 spent on travel, dining, and international transactions.

Features and Benefits of Bank of Baroda Premier Credit Card

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

1. Reward Points Program:

  • Earn 1 point for every Rs.100 spent across all categories.
  • Enjoy 5X rewards on travel, dining, and international expenses.
  • Redeem points for cashback, gifts, or vouchers.

2. Exclusive Premier Privileges:

  • Access 35+ airport lounges across 22 Indian cities.
  • 24×7 concierge assistance for cardholders.

3. Annual Fee Waiver:

  • Spend Rs.10,000 in the first 60 days and Rs.1.2 lakh annually for fee reversal.

4. Easy EMI:

  • Convert purchases over Rs.2,500 into easy monthly instalments (EMIs).
  • Choose a 6 or 12-month repayment plan.

5. Lifetime-Free Add-On Cards:

  • Get up to three add-on cards with the same benefits.
  • Add-ons are free for the cardholder’s spouse, parents, siblings, and kids above 18.

6. Complimentary Insurance Cover:

  • BOB Premier Credit Card includes personal accidental death insurance for the cardholder and family.

7. Zero Liability on Lost Card:

  • Report loss within 24 hours for 0% liability on fraudulent transactions.

8. Other Features:

  • Interest-free period up to 50 days.
  • Revolving credit facility available on minimum amount due payment.

Bank of Baroda Premier Credit Card Fees and Charges

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

1. Initial Fee: ₹1000

  • Spend ₹10,000 within the first 60 days for first-year fee reversal.
  • Reversal reflects in the 4th bill if all due payments are made.

2. Annual Fee: ₹1000

  • Spend ₹1,20,000 in a year to qualify for fee waiver.

Eligibility Criteria for Bank of Baroda Premier Credit Card

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

  1. Age requirement: Applicants must be below 21 years old.
  2. Employment Status: Eligible individuals include both salaried and self-employed applicants.
  3. Stable Income: Prospective cardholders should demonstrate a reliable source of income.
  4. Credit Score: A prerequisite for eligibility is maintaining a decent credit score.

Documents Required for Bank of Baroda Premier Credit Card

To apply for the Bank of Baroda Premier Credit Card, you will typically need to provide the following documents:

  • For Salaried Individuals:
  1. Open a personal account with Bank of Baroda (BOB).
  2. Provide the latest Form 16 or a copy of the Income Tax Return (ITR).
  3. Submit a copy of your address proof.
  4. Include a copy of your identity card.
  5. Provide a recent photograph.
  • For Self-Employed Individuals:
  1. Furnish the last three years’ audited balance sheet.
  2. Provide the profit and loss account statement.
  3. Submit a copy of your address proof.
  4. Include a copy of your identity card.
  5. Provide a recent photograph.

How to apply for Bank of Baroda Premier Credit Card

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

  1. Go to the official website at www.bobfinancial.com/prime.jsp.
  2. In the credit cards section, locate the Bank of Baroda Premier Credit Card.
  3. Click on ‘Apply Now’ for the selected card.
  4. Complete the application by entering the necessary information and submitting required documents.
  5. Finalize the process by clicking the ‘Submit’ button after completing all formalities.

Frequently Asked Questions (FAQs)

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

The Bank of Baroda Premier Credit Card is a premium credit card offering exclusive benefits and privileges to eligible customers. It is designed to cater to the financial needs and lifestyle preferences of high-income individuals.

2. What are the key features of the Bank of Baroda Premier Credit Card?

The key features include attractive reward programs, complimentary airport lounge access, exclusive discounts, priority customer service, and various lifestyle benefits. The card is designed to enhance the overall experience of cardholders.

3. How can I apply for the Bank of Baroda Premier Credit Card?

You can apply for the Bank of Baroda Premier Credit Card through the official website of the bank. The application process typically involves filling out an online form, submitting necessary documents, and meeting the eligibility criteria set by the bank.

4. What are the eligibility criteria for the Bank of Baroda Premier Credit Card?

Eligibility criteria may include a minimum income requirement, age limit, and a good credit score. Specific details can be obtained from the bank’s website or by contacting their customer service.

5. What is the annual fee for the Bank of Baroda Premier Credit Card?

The annual fee and other associated charges can vary. It is recommended to check the latest fee structure on the bank’s official website or contact customer service for the most accurate information.

6. How does the reward program work for this credit card?

The Bank of Baroda Premier Credit Card typically offers a rewards program where cardholders earn points for every eligible transaction. These points can be redeemed for various benefits, including merchandise, gift vouchers, or statement credits.

7. Is there a foreign transaction fee associated with the Bank of Baroda Premier Credit Card?

Foreign transaction fees, if any, are usually mentioned in the terms and conditions. Cardholders are advised to review these details to understand any additional charges for international transactions.

8. What are the complimentary airport lounge access benefits?

The Bank of Baroda Premier Credit Card often provides complimentary access to airport lounges worldwide. Cardholders can enjoy a comfortable and relaxing environment along with other facilities such as refreshments and Wi-Fi.

9. Can I convert my purchases into EMI using the Bank of Baroda Premier Credit Card?

Yes, the Bank of Baroda Premier Credit Card may offer the option to convert certain purchases into easy monthly installments (EMIs). The terms and conditions for EMI conversion can be obtained from the bank.

10. How can I contact customer support for the Bank of Baroda Premier Credit Card?

Customer support contact details, including phone numbers and email addresses, are typically available on the bank’s official website. Cardholders can reach out to the customer service team for assistance with queries, concerns, or card-related issues.