PREMIER Credit card
Rewards & Benefits
Welcome Benefits
Users will get 500 reward points on spending Rs 5000 or more in the first 60 days of card issuance.
Milestone Benefits
Cashback Rate
The value of 1 reward point = INR 0.25.
Users will earn 5X rewards i.e. 10 reward points for every Rs. 100 spent on Travel, Dining and Abroad (International spending). Effective cashback rate = 2.5%.
2 reward points for every Rs. 100 spent on other categories. Effective cashback rate = 0.50%.
Movie Benefits
Dining Benefits
Other Benefits
Up to 3-lifetime free Add-on cards.; Users will get personal accidental death insurance coverage.
Lounge Access
Fees & Charges
Joining Fee
Rs. 1000/-
Annual Fee
INR 1000 (Spend Rs. 1,20,000 on your card in a year for fee waiver)* *Joining/Annual fee waiver is applicable only to non-delinquent credit cardholders
Cash Advance Fee
Cash Withdrawal fee: Domestic ATMs- 2.5% of the transaction amount subject to minimum of INR 300 International ATMS- 3% of the transaction amount subject to a minimum of INR 300
Interest rate
3.25% per month or 39% per annum
Late Payment Fee
Late Payment Charges: Statement Balance : Charges Less than INR 200 : NIL INR 200- 500 : INR 100 INR 501- 1000 : INR 400 INR 1001- 10000 : INR 500 More than 10000: INR 750
Foreign Currency Transactions Fee
Foreign Currency Transaction Fee: 3.5% of transaction amount
Other Fees
First year fee: INR 1000 (Spend Rs. 10,000 on your card within first 60 days of card setup date for First year fee reversal.
दोष
High annual fee.
Limited airport lounge access.
Reward points capping.
Welcome Benefit: Users will get 500 reward points on spending Rs 5000 or more in the first 60 days of card issuance.
Reward System: The value of 1 reward point = INR 0.25. Users will earn 5X rewards i.e. 10 reward points for every Rs. 100 spent on Travel, Dining and Abroad (International spending). Effective cashback rate = 2.5%. 2 reward points for every Rs. 100 spent on other categories. Effective cashback rate = 0.50%.
1 complimentary airport lounge visit every calendar quarter at participating lounges.
If the user spends Rs 10,000 in the first 60 days then the joining fees get reversed.
Up to 3-lifetime free Add-on cards.
Users will get personal accidental death insurance coverage.
पक्ष विपक्ष
Welcome Benefits
Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.
पुरस्कार प्रणाली
Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.
अंतर्राष्ट्रीय विदेशी मुद्रा मार्कअप
Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.
स्वागत लाभ और पुरस्कार प्रणाली
विशेष लक्षण
Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.
Eligibility Criteria
Age criteria: 18 to 65 years old
Salaried or self-employed
Minimum monthly income must be Rs. 60,000 per month
विशेष विशेषता, पात्रता और लाभ
क्रेडिट कार्ड के लिए आवेदन कैसे करें?
Eligibility Check: Ensure you meet the minimum eligibility criteria, such as having a minimum annual income of Rs. 3 lakhs for salaried individuals and Rs. 5 lakhs for non-salaried individuals.
Apply Online: The easiest way to apply is online through the Bank of Baroda website. You'll need to provide basic information, income details, and supporting documents.
Document Verification: Bank of Baroda will verify your documents and credit score.
Card Approval: If approved, you'll receive your BOB PREMIER Credit Card within 7-10 business days.
सम्पर्क करने का विवरण
Email: crm@bobfinancial.com
खाता खोलने की प्रक्रिया और प्रक्रिया
विशेष विशेषता, पात्रता और लाभ
Pros:-
Change the text to include your own content. Adjust the font, size or scale to customize the style.
Cons:-
Welcome Benefit: Users will get 500 reward points on spending Rs 5000 or more in the first 60 days of card issuance.
Reward System: The value of 1 reward point = INR 0.25. Users will earn 5X rewards i.e. 10 reward points for every Rs. 100 spent on Travel, Dining and Abroad (International spending). Effective cashback rate = 2.5%. 2 reward points for every Rs. 100 spent on other categories. Effective cashback rate = 0.50%.
1 complimentary airport lounge visit every calendar quarter at participating lounges.
If the user spends Rs 10,000 in the first 60 days then the joining fees get reversed.
Up to 3-lifetime free Add-on cards.
Users will get personal accidental death insurance coverage.
High annual fee.
Limited airport lounge access.
Reward points capping.
The Bank of Baroda PREMIER Credit Card is a suitable option for moderate spenders who value occasional airport lounge access, travel-related rewards, and everyday benefits like movie discounts and fuel surcharge waiver. The complimentary add-on card, welcome bonus, and other features add further value. However, the moderate annual fee, lower reward rate compared to some competitors, limited redemption options, lower point value, and network limitation might necessitate careful consideration for those seeking higher rewards, wider lounge access, extensive redemption options, or wider network coverage.
The Bank of Baroda PREMIER Credit Card is a suitable option for moderate spenders who value occasional airport lounge access, travel-related rewards, and everyday benefits like movie discounts and fuel surcharge waiver. The complimentary add-on card, welcome bonus, and other features add further value. However, the moderate annual fee, lower reward rate compared to some competitors, limited redemption options, lower point value, and network limitation might necessitate careful consideration for those seeking higher rewards, wider lounge access, extensive redemption options, or wider network coverage.
Abhijeet Saxena
Abhijeet Saxena
Nalsar University of Law
Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi
Ex - Khaitan & Co. Bengaluru,
Ex - National Stock Exchange, Mumbai,
Ex - Argus Partners, Mumbai
उत्पाद समीक्षा
फीस एवं प्रभार
Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.
ईंधन अधिशुक्ल
Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.
Billing Cycle
Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.