Bank of India (BOI) Rupay Swadhan Platinum Credit Card

The BOI Rupay Swadhan Platinum Credit Card, a product of the esteemed Bank of India (BOI), positions itself as a pragmatic solution for individuals seeking financial empowerment and responsible spending. In this detailed review, we will explore the key features, benefits, and potential considerations associated with the BOI Rupay Swadhan Platinum Credit Card.

Features and Benefits of Bank of India (BOI) Rupay Swadhan Platinum Credit Card

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

  1. Issued against TDR (Term Deposit Receipt) exclusively.
  2. Accepted globally at domestic and foreign merchants.
  3. EMI at POS available on WorldLine-owned POS.
  4. 2X Reward points on POS and ECOM transactions.
  5. Cash limit capped at 50% of spending limit.
  6. ATM withdrawal limit: Rs. 15,000/day worldwide.
  7. Billing cycle: 16th of current month to 15th of next.
  8. Payment due by 5th of succeeding month.
  9. Ideal for salaried class with flexible credit limits.
  10. Add-on cards enjoy customizable credit limits.

BOI Rupay Swadhan Platinum Credit Card Fees and Charges

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

  1. No issuance fees for BOI Rupay Swadhan Platinum Credit Card.
  2. Zero Annual Maintenance Charges (AMC) for principal cardholders.
  3. No AMC for add-on cards.
  4. Replacement of the card comes with no additional charges.

Eligibility Criteria for BOI Rupay Swadhan Platinum Credit Card

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

1. Eligible Individuals:

  • Applicants must be individuals with a steady income source.
  • Verification through Income Tax Returns is required.

2. Staff/Non-Staff Applicants:

  • Open to both staff and non-staff individuals.
  • Steady income verification via Income Tax Returns is mandatory.

3. Private Limited Companies:

  • Accessible to private limited companies.
  • Proof of a stable income stream verified through Income Tax Returns.

4. Partnership Firms:

  • Available for partnership firms.
  • Requires a reliable source of income, validated through Income Tax Returns.

5. Public Limited Companies:

  • Suitable for public limited companies.
  • Mandatory verification of a consistent income source through Income Tax Returns.

Documents Required for BOI Rupay Swadhan Platinum Credit Card

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

1. Identity Proof:

  • Aadhaar Card
  • Passport
  • Voter ID
  • Driving License

2. Address Proof:

  • Utility bills (electricity, water, gas)
  • Aadhaar Card
  • Passport
  • Rental Agreement

3. Income Proof:

  • Salary slips
  • Income Tax Returns
  • Bank statements

4. Passport-size Photographs: Recent passport-size color photographs
5. Application Form: Duly filled and signed application form provided by the bank.

How To Apply for BOI Rupay Swadhan Platinum Credit Card?

Follow these steps to apply for the Bank of India (BOI) Rupay Swadhan Platinum Credit Card online or offline:

Online Application:

  1. Visit BOI’s Official Website: Go to the Bank of India official website.
  2. Navigate to Credit Cards Section: Locate and click on the “Credit Cards” or “Products” section.
  3. Choose Rupay Swadhan Platinum Credit Card: Select the Rupay Swadhan Platinum Credit Card from the available options.
  4. Fill in the Online Application Form: Complete the online application form with accurate personal and financial details.
  5. Upload Required Documents: Upload the necessary documents, including identity proof, address proof, and income proof.
  6. Submit the Application: Review the information provided and submit the application online.
  7. Application Tracking: After submission, you may receive an application reference number for tracking.

Offline Application:

  1. Visit the Nearest BOI Branch: Locate the nearest Bank of India branch.
  2. Collect Application Form: Obtain the Rupay Swadhan Platinum Credit Card application form from the branch.
  3. Fill in the Form: Fill out the form with accurate details, including personal and financial information.
  4. Attach Required Documents: Submit the necessary documents along with the completed application form.
  5. Submit the Application: Hand over the filled application form and documents to the bank representative.
  6. Application Tracking: Inquire about the application status and receive updates from the bank.

Conclusion:

The BOI Rupay Swadhan Platinum Credit Card stands out as a practical and affordable financial tool for individuals focused on responsible spending and financial wellness. With its low annual fee, interest-free period, and features promoting security, this credit card provides a sensible option for those seeking a straightforward and accessible credit solution. While it may lack extensive rewards, its emphasis on financial prudence makes it a compelling choice for individuals looking to build and maintain a healthy credit profile.

Frequently Asked Questions (FAQs)

Q: What is the BOI Rupay Swadhan Platinum Credit Card?

A: BOI Rupay Swadhan Platinum Credit Card is a credit card offering various benefits, designed to cater to the financial needs of customers.

Q: How can I apply for the BOI Rupay Swadhan Platinum Credit Card?

A: You can apply online through the official website or visit the nearest Bank of India branch for an offline application.

Q: What documents are required for the credit card application?

A: Commonly required documents include identity proof, address proof, income proof, and passport-size photographs. Specifics may vary.

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

A: Eligibility criteria usually include age, income, and credit score requirements. Check with BOI for the most accurate information.

Q: Is there an annual fee for the Rupay Swadhan Platinum Credit Card?

A: Bank of India may offer this card with no annual maintenance charges (AMC) or with specific terms. Check the latest details from the bank.

Q: How can I check the status of my credit card application?

A: You can inquire about your application status online through the bank’s official website or by contacting their customer service.

Q: What are the features and benefits of the BOI Rupay Swadhan Platinum Credit Card?

A: Features may include rewards, cashback, and other perks. Benefits may vary, so refer to the card details for specific information.

Q: Can I link my Rupay Swadhan Platinum Credit Card to mobile banking?

A: Yes, most likely. Bank of India typically provides mobile banking services for credit cardholders. Check with the bank for details.

Q: How do I pay my BOI Rupay Swadhan Platinum Credit Card bill?

A: Payments can be made through online banking, NEFT, ATMs, or by visiting a Bank of India branch. The bank will provide detailed instructions.

Q: What should I do if my credit card is lost or stolen?

A: Immediately report the loss to the bank’s customer service. They will guide you through the process of blocking the card and issuing a replacement.