Bank of India (BOI) Master Platinum International Credit Card

The BOI Master Platinum International Credit Card, a distinguished offering from the Bank of India (BOI), is designed to cater to the needs of discerning individuals seeking a blend of premium benefits and global accessibility. In this detailed review, we will explore the key features, benefits, and potential considerations associated with the BOI Master Platinum International Credit Card.

Features and Benefits of Bank of India (BOI) Master Platinum International Credit Card

The Bank of India (BOI) Master Platinum International Credit Card offers several features and benefits:

  1. Global Acceptance: The card is widely accepted at domestic and international merchants worldwide.
  2. Airport Lounge Access: Enjoy one complimentary domestic lounge access per quarter at airport lounges.
  3. Reward Points: Earn 2X reward points on both POS and ECOM transactions (excluding blocked categories).
  4. EMI Facility: EMI at POS is available exclusively on terminals managed/owned by M/S WorldLine Private Limited, regardless of the bank.
  5. Cash Limit: The maximum cash limit is set at 50% of the spending limit.
  6. ATM Withdrawal Limit: Cash withdrawal from ATMs is capped at Rs. 15,000 per day.
  7. Billing Cycle: Billing cycle spans from the 16th of the current month to the 15th of the next month.
  8. Payment Deadline: Payments are due on or before the 5th of the succeeding month, catering to the needs of the salaried class.
  9. Flexible Add-On Card Limits: Enjoy flexible credit limits for add-on cards, providing adaptability to varying needs.

BOI Master Platinum International Credit Card Fees and Charges

Explore the fee structure for the BOI Master Platinum International Credit Card and discover the financial advantages that come with it.

  1. Card Issuance Fee: A one-time charge of Rs. 1000 for obtaining the credit card.
  2. Annual Maintenance Charge (AMC) – Principal Card: An annual fee of Rs. 1000 for maintaining the principal credit card.
  3. Annual Maintenance Charge (AMC) – Add-On Card: An annual fee of Rs. 500 for maintaining each add-on credit card.
  4. Card Replacement Fee: A charge of Rs. 300 for replacing a lost or damaged credit card.

Eligibility Criteria for BOI Master Platinum International Credit Card

Here are essential criteria for applying for an BOI Master Platinum International Credit Card:

  1. Individuals: BOI Master Platinum International Credit Card benefits for personal use.
  2. Staff/Non-staff: Exclusive perks for employees and non-staff members.
  3. Private Limited Companies: Elevate financial transactions for your private limited company.
  4. Partnership Firms: Seamless transactions and rewards for partnership firms.
  5. Public Limited Companies: Privileges for corporate spending in public limited companies.
  6. Income Verification: Customers must showcase a stable income verified through Income Tax Returns.

Documents Required for BOI Master Platinum International Credit Card

To apply for the BOI Master Platinum International Credit Card, you will typically need to provide the following documents:

1. Identification Proof:

  • Passport
  • Aadhar card
  • Voter ID
  • Driver’s license

2. Address Proof:

  • Utility bills (electricity, water, gas)
  • Aadhar card
  • Rent agreement

3. Income Proof:

  • Salary slips
  • Income Tax Returns
  • Bank statements

4. Employment Proof:

  • Employment letter
  • Employee ID card

5. Credit Score: A good credit score enhances approval chances.

6. Passport-sized Photographs: Recent passport-sized color photographs.

7. Application Form: Completed BOI Master Platinum International Credit Card application form.

8. Additional Financial Documents:

  • Property papers (if applicable)
  • Fixed deposit receipts (if applicable)

How To Apply for BOI Master Platinum International Credit Card?

Follow these steps to apply for the Bank of India (BOI) Master Platinum International Credit Card online:

  1. Visit BOI Website: Go to the official Bank of India website.
  2. Navigate to Credit Cards Section: Locate and click on the “Credit Cards” section on the website.
  3. Choose Master Platinum International Credit Card: Select the BOI Master Platinum International Credit Card from the list of available credit cards.
  4. Review Card Details: Read through the features, benefits, and terms associated with the Master Platinum International Credit Card.
  5. Check Eligibility: Verify the eligibility criteria to ensure you meet the requirements.
  6. Complete Online Application: Fill out the online application form with accurate personal, financial, and contact details.
  7. Upload Documents: Scan and upload the necessary documents such as ID, address proof, income proof, etc.
  8. Submit Application: Review the entered information and submit the application form online.
  9. Application Tracking: Use the application tracking feature on the website to monitor the status of your application.

Conclusion:

The BOI Master Platinum International Credit Card emerges as a compelling financial tool for those seeking premium benefits and global functionality. With its extensive global acceptance, exclusive travel privileges, and a robust rewards program, this credit card offers a comprehensive package for individuals looking to enhance their financial experience. Whether you’re a frequent traveler or someone who values premium perks, the BOI Master Platinum International Credit Card is positioned as a noteworthy choice in the credit card landscape.

Frequently Asked Questions (FAQs)

Q: What is the Bank of India (BOI) Master Platinum International Credit Card?

A: It’s a premium credit card offering international benefits and exclusive privileges.

Q: What are the key features of the BOI Master Platinum International Credit Card?

A: Exclusive perks include global acceptance, rewards, travel benefits, and more.

Q: How can I apply for the BOI Master Platinum International Credit Card?

A: Apply online through the official BOI website or visit a branch for offline application.

Q: What documents are required for the application process?

A: Commonly required documents include ID proof, address proof, income proof, and passport-sized photographs.

Q: What is the eligibility criteria for this credit card?

A: Eligibility is based on factors like income, credit score, and other criteria. Check BOI’s website for specific details.

Q: What fees are associated with the BOI Master Platinum International Credit Card?

A: Fees may include issuance, annual maintenance charges (AMC), and replacement charges. Refer to the latest fee schedule.

Q: How long does it take for the credit card application to be processed?

A: Processing times vary; track your application online or inquire with the bank.

Q: Can I check my credit card balance and transactions online?

A: Yes, BOI provides online banking services for easy access to card information.

Q: Are there any international transaction fees associated with this card?

A: Check the terms and conditions for information on international transaction fees.

Q: How can I redeem the rewards earned with this credit card?

A: BOI typically provides a rewards redemption platform online or through customer service.