Bank of India (BOI) Visa Platinum International Credit Card

The BOI Visa Platinum International Credit Card, a flagship offering from the esteemed Bank of India (BOI), aims to redefine the credit card experience by seamlessly blending international versatility with premium benefits. In this thorough review, we’ll delve into the key features, benefits, and potential considerations associated with the BOI Visa Platinum International Credit Card.

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

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

Features:

  1. Global Acceptance: Card usable worldwide at domestic and foreign merchants.
  2. EMI at POS: Available at M/S WorldLine POS, regardless of the bank.
  3. 2X Reward Points: Earn double points on POS and ECOM transactions (Excluding Blocked Categories).
  4. Cash Limit: Up to 50% of spending limit; ATM withdrawal limit of Rs. 15,000 per day globally.
  5. Billing Cycle: From the 16th to the 15th, with payment due by the 5th of the following month.
  6. Salaried-Friendly: Ideal for the salaried class; flexible credit limits for add-on cards.

Benefits:

  1. Lounge Access: 1 domestic airport and 1 railway lounge per quarter (capped at 4 times a year).
  2. 2X Reward Points: Same as features for extra rewards.
  3. Time Prime Membership: Inclusive of Disney+, SonyLiv, YouTube Premium subscriptions, etc. (Details in the offer section).

BOI Visa Platinum International Credit Card Fees and Charges

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

1. Finance Charges:

  • If Min. Amount Due paid: 1.70% pm
  • If Min. Amount Due not paid: 2.50% pm

2. Cash Advance Charges:

  • At Branch: 2.50% / Min. Rs. 50
  • At BOI ATMs: 2.00% / Min. Rs. 50
  • At other ATMs: 2.50% / Min. Rs. 75

3. Balance Enquiry Charges:

  • At BOI ATMs: Nil
  • At other ATMs: Rs. 20
  • PIN Replacement Fee: Rs. 50

4. Usage Over Spending Limit: Rs. 10 per transaction

5. Replacement Charges: Rs. 200

Eligibility Criteria for BOI Visa Platinum International Credit Card

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

  1. Individuals: Enjoy BOI Visa Platinum International Credit Card benefits.
  2. Staff/Non-staff: Secure your finances with exclusive perks.
  3. Private Limited Companies: Elevate your company’s financial transactions.
  4. Partnership Firms: Experience seamless transactions and rewards.
  5. Public Limited Companies: Unlock privileges for corporate spending.
  6. Income Verification: Customers need a stable income verified through Income Tax Returns.

Documents Required for BOI Visa Platinum International Credit Card

To apply for the BOI Visa 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 Visa Platinum International Credit Card application form.

8. Additional Financial Documents:

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

How To Apply for BOI Visa Platinum International Credit Card?

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

Online Application for BOI Visa Platinum International Credit Card:

  1. Visit BOI Website: Go to Bank of India’s official website.
  2. Navigate to Credit Cards Section: Find the “Credit Cards” section on the website.
  3. Choose Visa Platinum International Credit Card: Select the BOI Visa Platinum International Credit Card from the list of available cards.
  4. Read Terms and Conditions: Review the terms, conditions, and eligibility criteria.
  5. Fill Online Application Form: Complete the online application form with personal, financial, and contact details.
  6. Upload Documents: Upload scanned copies of required documents (ID, address proof, income proof, etc.).
  7. Submit Application: Submit the application form online.
  8. Track Application: Use the provided application tracking feature to monitor the status.

Offline Application for BOI Visa Platinum International Credit Card:

  1. Visit Nearest BOI Branch: Go to the nearest Bank of India branch.
  2. Meet Bank Representative: Consult with a bank representative at the credit card section.
  3. Request Application Form: Request a physical application form for the Visa Platinum International Credit Card.
  4. Complete Application Form: Fill out the application form accurately.
  5. Attach Documents: Attach photocopies of necessary documents (ID, address proof, income proof, etc.).
  6. Submit Application: Submit the completed form and documents to the bank representative.
  7. Follow-up: Inquire about the processing time and inquire about your application status periodically.

Conclusion:

The BOI Visa Platinum International Credit Card emerges as a powerful financial tool for those with a global mindset. With its extensive global acceptance, premium benefits, and comprehensive rewards program, this credit card offers a compelling package for individuals seeking both convenience and luxury in their financial endeavors. The combination of exclusive travel perks and security features makes it a noteworthy choice for the discerning consumer looking to unlock a world of possibilities.

Frequently Asked Questions (FAQs)

Q: What is the BOI Visa Platinum International Credit Card?

A: It’s a premium credit card from Bank of India, offering international benefits and privileges.

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

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

Q: How can I apply for the BOI Visa 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: How long does it take for the BOI Visa Platinum International Credit Card application to be processed?

A: Processing times vary; check with the bank or use the application tracking feature.

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; some fees may apply for international transactions.

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.

Q: What should I do if my BOI Visa Platinum International Credit Card is lost or stolen?

A: Immediately report the loss to BOI’s customer service to block the card and request a replacement.