Bank of Baroda Vikram Credit Card

BoB Financial is renowned for tailoring credit cards to specific user needs, such as the Varunah Credit Card for the navy and Yoddha Credit Card for the Indian Army. Now, in celebration of Indian Republic Day, they introduce the ‘Bank of Baroda Vikram Credit Card,’ exclusively for Defense Personnel. This lifetime-free card offers diverse privileges across categories and is open to all defense services—army, navy, and air force personnel, transcending specific categories within the defense sector.

Key Highlights of Bank of Baroda Vikram Credit Card

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

  1. Low maintenance charge: Only up to 3.00% and a service charge of 3.25%
  2. Rewards on specific spending: Earn 5 points for every Rs.100 spent on grocery, departmental stores, and movies
  3. General spending rewards: Gain one point for every Rs.100 spent on other categories
  4. Exclusive entertainment perk: Enjoy three months of complimentary Disney Hotstar subscription upon card activation

Features and Benefits of Bank of Baroda Vikram Credit Card

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

1. 5X Rewards on Daily Needs

  • Earn 5 Reward Points for every ₹100 spent on Grocery, Movies & Departmental stores.
  • Note: Maximum 1,000 Reward Points per month; additional spending accrues at the regular rate.

2. Exclusive Privileges

  • Complimentary 3 Months Disney Hotstar subscription on card activation.

3. Vikram is Lifetime Free

  • No Joining Fee. No Annual Fees.

4. Fuel Surcharge Waiver

  • 1% fuel surcharge waiver on transactions between ₹400 and ₹5,000 (Max ₹250 per cycle).
  • Fuel spends for surcharge waiver don’t qualify for reward points.

5. Smart EMI Options

  • Convert purchases of ₹2,500 & more into Smart EMIs of 6 to 36 months.

6. Value-for-Money Perks

  • Low Service Charge: 3.25%
  • Low international Mark-up: 3%

7. Other Benefits

  • Free Add-on card: Up to 3 Lifetime Free cards for family.
  • In-built Insurance Cover: Free Accidental Death Cover (Air & Non-Air: ₹20 Lakhs).
  • Zero Liability on Lost Card: Report loss immediately for zero liability on fraudulent transactions.
  • Interest-Free Credit Facility: Up to 50 days from the date of purchase.
  • Revolving Credit Facility: Pay Minimum Amount Due and finance spends conveniently.

Bank of Baroda Vikram Credit Card Fees and Charges

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

  1. Joining Fee: Nil
  2. Annual/Renewal Fee: Nil
  3. Cash Advance Limit: 2.5% or Rs.300 (the greater of the two)
  4. Over Limit Penalty: 2.5% or Rs.500 (the greater of the two)
  5. Minimum Repayment Amount: 5% or Rs.100 (the greater of the two)
  6. Duplicate Bill: Rs 25 per bill
  7. Late Payment Fees:
  • Up to ₹100: ₹0
  • ₹101 to ₹500: ₹100
  • ₹501 to ₹1000: ₹400
  • ₹1001 to ₹10000: ₹600
  • ₹10001 to ₹25000: ₹800
  • Above ₹25000: ₹950

Eligibility Criteria for Bank of Baroda Vikram Credit Card

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

1. Age: Applicants are usually required to be within a specific age range, often between 21 and 65 years. Age criteria can vary, so it’s essential to check the specific requirements.

2. Employment Status:

  • For Salaried Individuals: Minimum monthly or annual income requirements.
  • For Self-Employed Individuals: Proof of business existence and income details.

3. Credit Score: A good credit score is often a crucial factor. A higher credit score enhances the chances of approval.

4. Nationality: Applicants are generally required to be Indian citizens.

5. Documentation: Submission of necessary documents as per the bank’s requirements, including identity proof, address proof, income proof, and others.

6. Existing Relationship with Bank: Having an existing relationship with Bank of Baroda, such as a savings account, may be advantageous.

Documents Required for Bank of Baroda Vikram Credit Card

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

  1. Identity Proof: Any government-issued photo ID such as Aadhar card, passport, or driver’s license.
  2. Address Proof: Documents like utility bills, Aadhar card, or rent agreement can serve as proof of address.
  3. Income Proof: Salary slips, Income Tax Returns (ITR), or bank statements to demonstrate your financial capacity.
  4. Passport-sized Photographs: Recent passport-sized photographs for identification.
  5. Duly Filled Application Form: Complete the application form with accurate details.
  6. Employment Proof: If you’re salaried, provide employment proof like a salary certificate. For self-employed individuals, furnish business registration documents.

How to apply for Bank of Baroda Vikram Credit Card

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

  1. Access the BOB Financial official website.
  2. Select ‘Apply Now’ for the Vikram credit card.
  3. Input your name as per the PAN card.
  4. Use the Aadhar-linked mobile number for OTP.
  5. Furnish PAN card details, current address PIN, email, DOB, and nationality.
  6. Click ‘Generate OTP.’
  7. Enter the received OTP to finalize and submit the application.
  8. Remember, the PAN card is a vital KYC document.

Frequently Asked Questions (FAQs)

1. What is the Bank of Baroda Vikram Credit Card?
The Bank of Baroda Vikram Credit Card is a premium credit card offered by Bank of Baroda, providing exclusive benefits, rewards, and privileges to cardholders.

2. How can I apply for the Bank of Baroda Vikram Credit Card?
You can apply for the Vikram Credit Card online through the Bank of Baroda official website or by visiting a Bank of Baroda branch. The application process typically involves filling out an online form and submitting necessary documents.

3. What are the key features of the Vikram Credit Card?
The Vikram Credit Card comes with features such as complimentary airport lounge access, reward points on transactions, exclusive discounts, and offers on dining, shopping, and travel.

4. What is the eligibility criteria for the Bank of Baroda Vikram Credit Card?
Eligibility criteria may vary, but generally, applicants should have a good credit score, a stable income, and meet the bank’s internal criteria. Specific requirements can be found on the Bank of Baroda website.

5. Can I check the status of my Vikram Credit Card application online?
Yes, you can check the status of your credit card application online through the Bank of Baroda website. The status can usually be tracked using the application reference number provided during the application process.

6. How can I redeem the reward points earned on my Vikram Credit Card?
Reward points earned on the Vikram Credit Card can be redeemed for a variety of options, including merchandise, gift vouchers, and travel bookings. Redemption details and options are typically available on the bank’s rewards portal.

7. What is the annual fee for the Bank of Baroda Vikram Credit Card?
The annual fee for the Vikram Credit Card may vary, and there may be different variants of the card with varying fee structures. Details regarding fees and charges can be found in the card’s terms and conditions.

8. Is there a grace period for bill payments on the Vikram Credit Card?
Yes, there is usually a grace period during which you can make your credit card payment without incurring any interest charges. The specific grace period details can be found in the credit card’s terms and conditions.

9. Can I add an add-on card for family members on my Vikram Credit Card?
Yes, many credit cards, including the Vikram Credit Card, allow the primary cardholder to add supplementary or add-on cards for family members. The bank typically provides guidelines and procedures for adding supplementary cards.

10. How can I contact Bank of Baroda customer service for Vikram Credit Card queries?
You can contact Bank of Baroda customer service through the dedicated helpline number provided on the back of your credit card or on the bank’s official website. Additionally, you may visit a Bank of Baroda branch for in-person assistance.