Bank of India (BOI) Rupay Select Credit Card

The BOI Rupay Select Credit Card, offered by the esteemed Bank of India (BOI), emerges as a versatile financial companion designed to cater to the diverse needs and aspirations of modern consumers. In this comprehensive review, we’ll delve into the key features, benefits, and potential considerations associated with the BOI Rupay Select Credit Card.

Features and Benefits of BOI Rupay Select Credit Card

The BOI Rupay Select Credit Card offers several features and benefits:

Features:

  1. Accepted globally at domestic and foreign merchants.
  2. 24/7 Concierge Services for customer support.
  3. EMI at POS available, managed by M/S WorldLine Private Limited.
  4. Cash limit: 50% of spending limit.
  5. ATM cash withdrawal limit: Rs. 15,000 per day.
  6. Billing cycle: 16th of current month to 15th of next month.
  7. Payment due by the 5th of the succeeding month.
  8. Flexible credit limits for add-on cards.

Benefits:

  1. Amazon Prime: Enjoy a complimentary annual membership.
  2. Lounge Access: 8 domestic (2/quarter) and 2 international yearly, subject to RuPay’s discretion.
  3. Swiggy One: Avail a 3-month membership annually.
  4. Big Basket: Get an INR 200 discount voucher monthly.
  5. Book My Show: INR 250 off on a minimum purchase of 2 tickets monthly.
  6. Health Checkup: Annual membership for customized packages, usable once per year.
  7. Insurance: NPCI provides up to 10 Lakhs for personal accidental and permanent disability.
  8. Rewards: Earn 2X points on POS and ECOM transactions (excluding blocked categories).

BOI Rupay Select Credit Card Fees and Charges

Explore the fee structure for the BOI Rupay Select Credit Card and discover the financial advantages that come with it.

  1. Issuance: No charges
  2. Annual Maintenance Charges (AMC) for Principal Card: Rs. 800 (excluding GST)
  3. AMC for Add-on Card: Rs. 600 (excluding GST)
  4. Card Replacement: Rs. 500 (excluding GST)

Eligibility Criteria for BOI Rupay Select Credit Card

Here are essential criteria for applying for an BOI Rupay Select Credit Card:

  1. Age Requirement: Applicants must be at least 18 years old.
  2. Stable Income: A consistent and verifiable income source is essential, validated through Income Tax Returns.
  3. Positive Credit History: A good credit record is necessary for eligibility.
  4. Residency Status: Applicants must be Indian residents or Non-resident Indians (NRIs).

Documents Required for BOI Rupay Select Credit Card

To apply for the BOI Rupay Select Credit Card, you will typically need to provide the following documents:

1. Proof of Identity:

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

2. Proof of Address:

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

3. Proof of Income:

  • Salary slips
  • Income Tax Returns
  • Bank statements

4. Passport-size Photographs: Recent passport-size photos

5. Duly filled Application Form: Complete and signed credit card application form provided by BOI.

6. Employment Proof:

  • Employee ID
  • Appointment letter
  • Business owners: Business registration documents

How To Apply for BOI Rupay Select Credit Card?

Follow these steps to apply for the BOI Rupay Select Credit Card online or offline:

Online Application:

  1. Visit the Bank of India (BOI) Website: Go to the official BOI website.
  2. Navigate to Credit Cards Section: Find the “Credit Cards” section on the website.
  3. Choose BOI Rupay Select Credit Card: Select the Rupay Select Credit Card from the available options.
  4. Fill Online Application Form: Complete the online application form with accurate details.
  5. Submit Required Documents: Upload necessary documents (ID proof, address proof, income proof, etc.).
  6. Review Application: Double-check all information before submission.
  7. Submit Application: Submit the application form online.
  8. Application Tracking: Monitor your application status through the provided tracking mechanism.

Offline Application:

  1. Visit BOI Branch: Go to the nearest Bank of India branch.
  2. Request Credit Card Application Form: Ask for the BOI Rupay Select Credit Card application form.
  3. Fill the Form: Complete the form accurately.
  4. Attach Documents: Attach photocopies of required documents (ID proof, address proof, income proof, etc.).
  5. Submit the Application: Submit the filled form and documents to the bank representative.
  6. Application Verification: Await verification of your application by the bank.
  7. Follow Up: Follow up with the bank for updates on your application status.
  8. Card Delivery: Once approved, the bank will deliver the credit card to your registered address.

Conclusion:

The BOI Rupay Select Credit Card emerges as a sophisticated financial instrument, tailored for those who seek a premium lifestyle. With its global acceptance, exclusive benefits, and robust rewards program, this credit card offers a compelling package for individuals who value both luxury and financial flexibility. While the annual fee may be a consideration, the array of privileges makes the BOI Rupay Select Credit Card a noteworthy choice for those looking to elevate their financial experience.

Frequently Asked Questions (FAQs)

1. What is the BOI Rupay Select Credit Card?

The BOI Rupay Select Credit Card is a credit facility offered by Bank of India in collaboration with Rupay, providing users with various benefits and features.

2. How can I apply for the BOI Rupay Select Credit Card?

You can apply online through the official BOI website or visit the nearest branch to fill out a physical application form.

3. What are the eligibility criteria for the BOI Rupay Select Credit Card?

Eligibility typically includes being at least 18 years old, having a steady income, a good credit history, and being an Indian resident or NRI.

4. What documents are required for the application?

Commonly required documents include proof of identity, proof of address, proof of income, passport-size photographs, and a duly filled application form.

5. How long does it take for the credit card to be approved?

The approval time can vary, but the bank usually informs applicants about the status within a few weeks. Online applications may have quicker processing times.

6. Can NRIs apply for the BOI Rupay Select Credit Card?

Yes, both Indian residents and Non-Resident Indians (NRIs) are eligible to apply for the BOI Rupay Select Credit Card.

7. What features and benefits does the BOI Rupay Select Credit Card offer?

Features may include rewards, discounts, cashback, and exclusive privileges. Refer to the official BOI website for the most up-to-date information.

8. How can I check the status of my credit card application?

You can check the status online through the application tracking system on the official BOI website or by contacting the bank’s customer service.

9. What fees are associated with the BOI Rupay Select Credit Card?

Fees may include an annual fee, interest rates, and other charges. Refer to the terms and conditions or contact BOI for detailed information.

10. How do I report a lost or stolen BOI Rupay Select Credit Card?

Contact the bank’s customer service immediately to report a lost or stolen card. They will guide you through the necessary steps to secure your account.