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Bank of India Master Platinum International Credit Card

Product Details
Credit Card Name : 

Bank of India Master Platinum International Credit Card

Bank Name :

Bank Of India

Type :

Travel Credit card

Interest Rate : 

1.70% p.m. (22.45% p.a.) on daily balances In case of default service charges is 2.50% p.m. (34.50 % p.a

Eligibility :

Minimum age of the card holders should be 18.
Individual, Staff/non-staff, private limited company, partnership firms, public limited company.
Customer should be having steady source of income verifiable through Income Tax Returns.

Bank of India Master Platinum International Credit Card
Pros
  • Globally accepted Card.  

  • One complimentary Domestic lounge access per quarter at airport lounges. 

  • Customer will get 2X Reward points in POS an ECOM transactions. *(Excluding Blocked Categories). 

Cons
  • No complimentary international airport lounge visit facility is available. 

  • Few add-on features. 

  • No welcome benefit

Pros & Cons
Welcome Benefits

None 

Rewards System
  • 1 Reward point = INR 0.25 

  • You get 2 StarPoints on every Rs. 100 on your regular spends. 

  • You get 3 StarPoints on every Rs. 100 on your spends at merchant falling under your Preferred Category. 

  • You must select exactly one Preferred Category at the time of registration.

  • Effective Cashback Rate: 1.25%

International Forex Markup

IFM- Upto 3.5%

Welcome Benefits and Reward System
Special Features

None 

Eligibility Criteria

Minimum age of the card holders should be 18.
Individual, Staff/non-staff, private limited company, partnership firms, public limited company.
Customer should be having steady source of income verifiable through Income Tax Returns.

Benefits


  • Reward points: Earn 2X reward points on all your POS and ECOM transactions (excluding blocked categories).

  • Global acceptance: The Mastercard network is widely accepted worldwide, offering convenience for international travel and purchases.

Speical Feature, Eligibility and Benefits
How to apply for Credit Card?
  • Go to the Bank of India website and click on the "Credit Cards" tab. 

  • Click on the "Apply for a Credit Card" button. 

  • Select the "Master Platinum International Credit Card" from the list of credit cards. 

  • Enter your personal details, such as your name, address, and contact information. 

  • Enter your employment details, such as your employer's name and contact information. 

  • Enter your income details. 

  • Upload a copy of your PAN card and recent salary slip. 

  • Submit your application. 

  • The Bank of India will review your application and will contact you if your application is approved.

Account Opening and Procedure
Bank of India Master Platinum International Credit Card

The Bank of India Master Platinum International Credit Card is a basic international credit card suitable for individuals who want global acceptance, reward points, and some additional benefits like lounge access and insurance coverage. However, the annual fee and lower reward rate might not be attractive to everyone.

Abhijeet Saxena

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

Product Review
Fees & Charges
  • Joining fee: INR 500. 

  • Annual Fee: INR 500  

  • Cash advance fee: 2.5% of the amount withdrawn, or Rs. 50, whichever is higher 

  • Interest Rate: 22.45% per annum (p.a.) 

  • Late payment fee: 3% of the outstanding amount, or Rs. 500, whichever is higher 

  • Foreign transaction fee: 3.5% of the transaction amount 

  • Reward redemption fee:NIL

Fuel Surcharge

N/A 

Billing Cycle

30 Days

Fees & Charges
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