Bank of Baroda Swavlamban Credit Card

The Bank of Baroda Swavlamban Credit Card, an introductory offering, imposes a nominal annual fee of Rs. 250. Interestingly, diligent usage can effortlessly nullify this fee by meeting the requisite annual spending threshold. Notably, this card distinguishes itself by allowing users to utilize up to 105% of their credit limit sans any over-limit charges—a rarity in the credit card realm. In contrast to conventional cards imposing fees for exceeding limits, this unique feature sets it apart. In terms of perks, it boasts a 1% reward rate across all categories, with the flexibility to redeem earned rewards towards the outstanding balance. Additional benefits include accidental death insurance, fuel surcharge waiver, zero liability protection, and more.

Key Highlights of Bank of Baroda Swavlamban Credit Card

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

  1. Earn 4 reward points for every Rs.100 spent on the credit card.
  2. Enjoy a complimentary personal accidental death cover.
  3. Receive a 1% fuel surcharge waiver on fuel purchases at any Indian fuel station.
  4. Utilize up to 105% of the card’s credit limit without incurring overlimit charges.

Features and Benefits of Bank of Baroda Swavlamban Credit Card

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

1. Reward Points Benefits:

  • Earn 4 reward points for every Rs.100 spent on Bank of Baroda Swavlamban Credit Card.

2. Milestone Benefits:

  • Spend Rs.2,500 within 60 days to reverse the first-year fee of Rs.250.
  • Waive off the annual fee by spending Rs.12,000 in one year.

3. Add-On Card Benefits:

  • Enjoy up to 3 add-on credit cards.
  • Apply for add-on cards for parents, siblings, spouse, and/or children (18 years or above).

4. Fuel Benefits:

  • 1% fuel surcharge waiver on card purchases at any fuel station in India.
  • Maximum waiver of Rs.250 per statement cycle for transactions between Rs.400 and Rs.5,000.

5. Insurance Benefits:

  • Free personal accidental death cover with the Bank of Baroda Swavlamban Credit Card.

6. Credit Limit Benefit:

  • Utilize up to 105% of the credit limit with no overlimit charges.

7. EMI Benefits:

  • Convert purchases over Rs.2,500 into 6 or 36-month EMIs.

8. Loss of Card:

  • Report card loss immediately to incur zero liability for fraudulent transactions.

Bank of Baroda Swavlamban Credit Card Fees and Charges

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

1. Joining Fee:

  • Nil
  • Rs. 250 (for cardmembers without any payment defaults)

2. Renewal Fee:

  • Nil
  • Rs. 250 (for cardmembers without any payment defaults)

3. Spend Based Waiver:

  • Joining fee waived off on spending Rs. 2,500 within 60 days.
  • Annual fee waived off on spending Rs. 12,000 in the previous year (if applicable).

4. Rewards Redemption Fee:

  • Nil

5. Foreign Currency Markup:

  • 3.5% of the transaction amount

6. Interest Rates:

  • 3.49% per month

7. Fuel Surcharge:

  • 1% fuel surcharge waiver on fuel transactions between Rs. 400 and Rs. 5,000.
  • Maximum waiver capped at Rs. 250.

8. Cash Advance Charges:

  • 2.5% of the withdrawal amount, minimum Rs. 500.

Eligibility Criteria for Bank of Baroda Swavlamban Credit Card

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

  1. The main card applicant must be at least 21 years old, while supplementary card applicants should be 18 years or older.
  2. A stable source of income is a requirement for the applicant.
  3. The applicant must have a satisfactory credit history for consideration.

Documents Required for Bank of Baroda Swavlamban Credit Card

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

  1. Present identity proof, including Aadhar Card, Voter’s Card, PAN Card, Passport, or Driving License.
  2. Submit address proof, such as utility bills, Aadhar Card, rent agreement, ration card, or Passport.
  3. For income verification, provide either your latest salary slip or the latest audited Income Tax Return (ITR).

How to apply for Bank of Baroda Swavlamban Credit Card

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

  1. Go to www.bobfinancial.com/prime.jsp.
  2. Choose the Bank of Baroda Swavlamban credit card.
  3. Click “Apply Now.”
  4. Fill in essential details in the digital application form.
  5. Complete necessary formalities and proceed.

Frequently Asked Questions (FAQs)

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

The Bank of Baroda Swavlamban Credit Card is a specially designed credit card that aims to empower individuals with disabilities by providing them with financial tools and benefits tailored to their needs.

2. Who is eligible for the Swavlamban Credit Card?

Individuals with disabilities who meet the bank’s eligibility criteria can apply for the Swavlamban Credit Card. The specific eligibility requirements can be obtained from the Bank of Baroda’s official website or by contacting the bank directly.

3. What are the key features of the Swavlamban Credit Card?

The Swavlamban Credit Card offers features such as lower interest rates, flexible credit limits, and exclusive benefits for individuals with disabilities. It may also include offers on assistive devices and services.

4. How can I apply for the Swavlamban Credit Card?

Interested individuals can apply for the Swavlamban Credit Card by visiting the Bank of Baroda’s official website or by visiting a nearby branch. The application process typically involves submitting relevant documents and meeting the specified eligibility criteria.

5. What documents are required for Swavlamban Credit Card application?

The specific documentation requirements may vary, but generally, applicants need to provide proof of identity, address, and disability. It is advisable to check with the bank for the precise list of documents needed.

6. What benefits does the Swavlamban Credit Card offer?

The card may provide benefits such as lower interest rates, cashback offers, and discounts on certain categories of expenses. Additionally, it may offer specific benefits catering to the needs of individuals with disabilities.

7. Is there an annual fee for the Swavlamban Credit Card?

The annual fee structure may vary, and some cards may have a nominal or no annual fee. It is recommended to review the terms and conditions provided by the bank or contact customer support for the latest information on fees.

8. Can I track my Swavlamban Credit Card transactions online?

Yes, cardholders can usually access their credit card account online through the bank’s internet banking portal or mobile app to track transactions, check statements, and manage their account.

9. How do I contact customer support for Swavlamban Credit Card queries?

Customers can contact the Bank of Baroda customer support through the helpline number provided on the official website. Additionally, the bank’s branches may offer in-person assistance for any queries related to the Swavlamban Credit Card.

10. Are there any exclusive offers for Swavlamban Credit Cardholders?

The bank may periodically introduce exclusive offers for Swavlamban Credit Cardholders, including discounts, rewards, and special promotions. Cardholders are advised to check the bank’s communication channels for updates on such offers.