Bank of Baroda Varunah Credit Card

Bank of Baroda presents the exclusive BoB Varunah Credit Card tailored for Indian navy personnel. With three variants – Premium, Plus, and Basic – each offering distinct privileges, the Premium variant stands out with the highest annual fee. Cardholders enjoy various benefits, including welcome perks, high reward rates, and airport lounge access. The BoB Varunah Credit Card extends insurance coverage up to Rs. 1 Crore, making it a comprehensive choice for naval professionals.

Key Highlights of Bank of Baroda Varunah Credit Card

Unlock unparalleled benefits with the BOB Varunah Credit Card.

1. 5X Rewards on Daily Needs:

  • Earn 5 reward points for every Rs. 100 spent on grocery & departmental stores.

2. Varunah is Lifetime Free:

  • Enjoy a lifetime free credit card with zero first-year and annual fees.

3. Fuel Surcharge Waiver:

  • Benefit from a 1% fuel surcharge waiver at all fuel stations in India on transactions between Rs. 400 and Rs. 5,000 (Max. Rs. 100 per statement cycle).
  • Note: No Reward Points are earned on fuel transactions.

4. Reward Points Redemption:

  • Redeem your accumulated reward points as cashback at the rate of Rs. 0.25 per reward point.

5. Smart EMI Options:

  • Convert purchases of Rs. 2,500 and above into Smart EMIs ranging from 6 to 36 months.

Features and Benefits of Bank of Baroda Varunah Credit Card

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

1. Zero Annual Fee:

  • Varunah credit card is a lifetime free card with no annual fees.

2. Reward Points:

  • Earn 5X reward points on every Rs.100 spent on groceries and departmental stores.
  • Gain 1 reward point for each Rs.100 spent in other categories.

3. Fuel Surcharge Waiver:

  • Enjoy a 1.00% fuel surcharge waiver on transactions between Rs.400 to Rs.5,000.
  • Maximum waiver capped at Rs.250 per statement cycle.

4. Free Accidental Death Coverage:

  • Receive complimentary accidental death coverage of Rs.20 lakh, ensuring your family’s financial security.

5. Smart EMI:

  • Conveniently convert purchases above Rs.2,500 into smart EMIs ranging from 6 to 36 months.

6. Interest-Free Credit Facility:

  • Benefit from an interest-free period of up to 50 days from the purchase date.

7. Add-on Cards:

  • Extend card benefits to family (parents, spouse, siblings, or children over 18) with up to three free add-on cards.

Bank of Baroda Varunah Credit Card Fees and Charges

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

  1. Joining Fee: Nil
  2. Annual Fee: Nil
  3. Finance Charges: 3.49% p.m. (41.88% p.a.)
  4. Forex Markup Fee: 3.5%
  5. Late Payment Charges:

Statement Balance:

  • Less than Rs. 100: Nil
  • Rs. 100 to Rs. 500: Rs. 100
  • Rs. 501 to Rs. 1,000: Rs. 400
  • Rs. 1,001 to Rs. 10,000: Rs. 750
  • Rs. 10,001 to Rs. 25,000: Rs. 950
  • Rs. 25,001 to Rs. 50,000: Rs. 1,100
  • Above Rs. 50,000: Rs. 1,300

Eligibility Criteria for Bank of Baroda Varunah Credit Card

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

  1. Primary cardholders must be over 21 years old (18 for add-ons).
  2. Applicants need to be Indian Navy Personnel.
  3. Whether self-employed or salaried, a stable monthly income is required.
  4. A decent credit score is essential for the applicant.

Documents Required for Bank of Baroda Varunah Credit Card

To apply for the BOB Varunah Credit Card, you will typically need to provide the following documents:

  1. Provide a photocopy of your PAN card for identification.
  2. Submit proof of being an Indian Navy personnel to establish your military affiliation.
  3. Include a photocopy of your address proof, which can be either an Aadhar Card or the latest utility bills.
  4. Furnish a salary slip or bank statement as proof of income.
  5. Include a passport-size photograph to complete the required documentation.

How to apply for Bank of Baroda Varunah Credit Card

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

  1. Visit https://www.bobfinancial.com/ to begin the process.
  2. Select ‘Choose Card’ on the website.
  3. Explore the ‘Varuna Credit Card’ options and pick a variant.
  4. Initiate your application by clicking on ‘Apply Now.’
  5. Fill in the necessary details in the presented application form.
  6. Ensure you fulfill all required formalities to complete the application successfully.

Frequently Asked Questions (FAQs)

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

The Bank of Baroda Varunah Credit Card is a specially designed credit card that offers a range of benefits and features to cater to the diverse financial needs of individuals. It provides various rewards, discounts, and privileges across different categories.

2. How can I apply for a Bank of Baroda Varunah Credit Card?

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

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

Eligibility criteria may vary, but generally, applicants should meet age requirements, income criteria, and have a good credit score. It is advisable to check the specific eligibility conditions outlined by Bank of Baroda for the Varunah Credit Card.

4. What are the key features of the Bank of Baroda Varunah Credit Card?

The features may include reward points on transactions, cashback offers, travel benefits, and access to exclusive events. The card may also offer fuel surcharge waivers, dining privileges, and other lifestyle benefits.

5. How do I check the status of my Varunah Credit Card application?

You can check the status of your credit card application by contacting the Bank of Baroda customer service, either through their website, phone, or by visiting the nearest branch. They will provide you with the necessary information regarding your application status.

6. How can I pay my Varunah Credit Card bill?

Bank of Baroda provides various options for credit card bill payments, including online payment through the bank’s website or mobile app, NEFT/RTGS transfers, cheque payments, and at the bank’s branches. You can choose the method that suits you best.

7. Is there an annual fee for the Bank of Baroda Varunah Credit Card?

The annual fee and other charges associated with the Varunah Credit Card may vary. It’s recommended to review the terms and conditions or contact the bank directly for the most accurate and up-to-date information on fees and charges.

8. How can I redeem reward points earned on my Varunah Credit Card?

The redemption process for reward points usually involves logging into the bank’s rewards portal or contacting customer service. The options for redemption may include merchandise, gift vouchers, or direct statement credit. The bank will provide details on the available redemption options.

9. What should I do if my Varunah Credit Card is lost or stolen?

In case of loss or theft, immediately contact the Bank of Baroda customer service helpline to report the incident. The bank will guide you through the process of blocking the card to prevent any unauthorized transactions and may assist you in issuing a replacement card.

10. How can I contact Bank of Baroda customer service for Varunah Credit Card queries?

You can contact Bank of Baroda customer service through their toll-free numbers, email, or by visiting a nearby branch. The contact details are usually available on the official bank website and in the credit card documentation.