Bank of Maharashtra Credit Card

Bank of Maharashtra (BoM) presents a variety of credit cards, each equipped with enticing features to meet diverse customer needs. Enjoy benefits like rewards, fuel surcharge waivers, card liability cover, and secure contactless payments, ensuring convenience and safety in your financial transactions.

Features and Benefits of Bank of Maharashtra Credit Card

Bank of Maharashtra Credit Card offers a range of features and benefits:

  1. Balance Transfer: Transfer outstanding balances from other cards for lower interest rates.
  2. Instant Cash: Get quick cash up to the credit limit via online request or helpline, credited within 48 hours.
  3. EMI Option: Convert card purchases into easy instalments for flexible payments.
  4. Utility Bills Payment: Simplified bill payments through Register and Pay, AutoPay, and Fast Pay options.
  5. Insurance: Coverage for personal accidents and lost/stolen card liability.
  6. Easy Channels: Access updates through the website, mobile app, or real-time SMS notifications.
  7. Add-on Card: Extend benefits to family members with an additional card.
  8. Rewards: Earn points on transactions, redeemable for gifts or brand vouchers.
  9. Global Acceptance: Widely accepted at 24 million global outlets, including 3,25,000 in India.
  10. Railway Ticket: Enable online railway ticket purchases.
  11. Fuel Surcharge Waiver: 1% surcharge waived for transactions between 500 to 3000 at petrol stations, with a maximum waiver of 100 per month.
  12. Grace Period: Enjoy an extended credit period of 20 to 25 days for retail purchases upon clearing outstanding balances.

Bank of Maharashtra Credit Card Fees and Charges

Here are the fees and charges associated with the Bank of Maharashtra Credit Card:

1. Annual Fee:

  • Gold: Rs. 499
  • Platinum: Rs. 2999

2. Renewal Fee:

  • Gold: Rs. 499
  • Platinum: Rs. 2999

3. Interest-Free Credit Period:

  • 20-50 days

4. Finance Charges:

  • Up to 3.35% per month

5. Minimum Amount Due:

  • 5% of Total Outstanding (Min. Rs. 200 + all applicable taxes + EMI)

6. Cash Advance Limit:

  • Up to 80% of credit limit, max Rs. 12,000 per day

7. Late Payment Fee:

  • NIL for Total Amount due from Rs. 0-Rs. 200
  • Rs. 100 for Total Amount due greater than Rs. 200 & up to Rs. 500
  • Rs. 400 for Total Amount due greater than Rs. 500 & up to Rs. 1000
  • Rs. 600 for Total Amount due greater than Rs. 1000 & up to Rs. 10,000
  • Rs. 800 for Total Amount due greater than Rs. 10,000 & up to Rs. 25,000
  • Rs. 950 for Total Amount due greater than Rs. 25,000

8. Foreign Currency Markup:

  • 3.50%

9. Rewards Redemption Fee:

  • Rs. 99

10. Card Replacement Fee:

  • Rs. 100

Bank of Maharashtra Credit Card Eligibility Criteria

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

1. Age Criteria:

  • Minimum age for a Bank of Maharashtra credit card: 21 years
  • Maximum age: 60 years
  • Add-on credit cardholder age requirement: 18 years and above

2. Income Criteria:

  • Regular income is essential.
  • Minimum monthly income for a credit card: INR 18,000.
  • Income criteria vary based on card features.

3. Proof of Income:

  • Applicants must demonstrate a steady income source.
  • Acceptable sources include salaried employment or self-employment in a business.

4. Nationality:

  • Applicants must be Indian residents or Non-Resident Indians (NRIs).

Documents Required for Bank of Maharashtra Credit Card

To apply for the Bank of Maharashtra Credit Card, you must provide the following documents:

1. Proof of Identity:

  • PAN Card
  • Aadhaar card
  • Driver’s License
  • Passport
  • Voter’s ID
  • Overseas Citizen of India Card
  • Person of Indian Origin Card
  • Job card issued by NREGA
  • Letters issued by the UIDAI

2. Proof of Address:

  • Aadhaar card
  • Driver’s License
  • Passport
  • Utility Bill (not more than 3 months old)
  • Ration Card
  • Property Registration Document
  • Person of Indian Origin Card
  • Job card issued by NREGA
  • Bank Account Statement

3. Proof of Income:

  • Latest one or two salary slips (not more than 3 months old)
  • Latest Form 16
  • Last 3 months’ bank statement

How To Apply for Bank of Maharashtra Credit Card

To apply for the Bank of Maharashtra Credit Card, follow these steps:

  1. Start by visiting the official Bank of Maharashtra website at www.bankofmaharashtra.in.
  2. Navigate to the “Credit Cards” section on the website.
  3. Locate and click on the link for downloading the credit card application form in PDF format.
  4. Download the form and print it for convenience.
  5. Fill in the application form accurately, ensuring all required details are provided.
  6. Gather necessary documents, including identity proof, address proof, and income proof, as specified in the form.
  7. Review the form and attached documents to ensure completeness and accuracy.
  8. Visit the nearest Bank of Maharashtra branch with the filled form and required documents.
  9. Submit the application to a bank representative at the branch.
  10. The bank will verify the information, and upon approval, you will receive further instructions regarding credit card issuance and delivery.