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Bank of India Rupay Platinum Credit Card

Product Details
Credit Card Name : 

Bank of India Rupay Platinum Credit Card

Bank Name :

Bank Of India

Type :

Regular 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. Only Indian residents can apply.
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 Rupay Platinum Credit Card
Pros
  • Globally accepted card.  

  • Customer will get comprehensive Insurance Cover up to Rs. 2 lakhs provided by NPCI. 

  • Customer will get 24*7 Concierge Services. 

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

  • EMI at POS facility is available on POS that are managed/owned by M/S WorldLine Private Limited irrespective of Bank. 

  • Maximum amount of cash limit is 50% of the spending limit. 

  • Flexible credit limits for add-on cards.

Cons
  • No complimentary lounge visit. 

  • Few add-on features. 

  • No welcome benefit is provided

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 any merchants. 

  • 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. Only Indian residents can apply.
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


  • Wide Acceptance: The Rupay network is widely accepted in India, offering convenience for everyday purchases.

  • Contactless Payments: Make fast and secure payments with contactless technology.

  • No Joining or Annual Fees: Enjoy the benefits of the card without any joining or annual fees.

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

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

  • Fill out the online application form and submit it. 

  • You will need to provide the following information in the application form: Your name, address, and contact details Your income and employment details Your credit history Your PAN card number 

  • Once you have submitted the application form, the Bank of India will review your application and get back to you within a few days. 

  • If your application is approved, you will receive the credit card in the mail within a few weeks.

Account Opening and Procedure
Bank of india rupay platinum credit card

The Bank of India Rupay Platinum Credit Card is a suitable option for individuals who primarily use their credit cards for everyday purchases within India and prefer a no-fee card. The reward points program and insurance coverage offer some additional benefits. However, this card does not provide any lounge access facility and lower reward rate might not be ideal for frequent travelers or high spenders.

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 0. 

  • Annual Fee: INR 0  

  • 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
  • Fuel surcharge waiver of 1% on fuel purchases made at any petrol station in India.

Billing Cycle

30 Days

Fees & Charges
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