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Bank of India Rupay Platinum Credit Card
Rewards & Benefits
Welcome Benefits
None.
Milestone Benefits
None.
Cashback Rate
The value of 1 reward point = INR 0.25.
Users will get 2 StarPoints for every Rs. 100 on regular spending.
Effective general cashback rate: 0.50%.
3 StarPoints on every Rs. 100 spent at point of sales transactions and e-commerce transactions.
Special cashback rate: 0.75%.
Movie Benefits
None.
Dining Benefits
None.
Other Benefits
Globally accepted card.
Customers will get comprehensive insurance cover up to Rs. 2 lakhs provided by NPCI.
Customers will get 24*7 concierge services.
EMI at POS facility is available on POS that are managed/owned by M/S WorldLine Private Limited irrespective of bank.
Flexible credit limits for add-on cards.
Lounge Access
Customers get 2 free domestic lounge visits per quarter and 2 free international lounge visits per year.
Rewards & Benefits
Welcome Benefits
None.
Milestone Benefits
None.
Cashback Rate
The value of 1 reward point = INR 0.25.
Users will get 2 StarPoints for every Rs. 100 on regular spending.
Effective general cashback rate: 0.50%.
3 StarPoints on every Rs. 100 spent at point of sales transactions and e-commerce transactions.
Special cashback rate: 0.75%.
Movie Benefits
None.
Dining Benefits
None.
Other Benefits
Globally accepted card.
Customers will get comprehensive insurance cover up to Rs. 2 lakhs provided by NPCI.
Customers will get 24*7 concierge services.
EMI at POS facility is available on POS that are managed/owned by M/S WorldLine Private Limited irrespective of bank.
Flexible credit limits for add-on cards.
Lounge Access
Customers get 2 free domestic lounge visits per quarter and 2 free international lounge visits per year.
Fees & Charges of
Bank of India Rupay Platinum Credit Card
Joining Fee
INR 0.
Annual Fee
INR 0
Cash Advance Fee
Cash advance fee: 2.5% of the amount withdrawn, or Rs. 50, whichever is higher
Interest rate
Interest Rate: 22.45% per annum (p.a.)
Late Payment Fee
Late payment fee: 3% of the outstanding amount, or Rs. 500, whichever is higher
Foreign Currency Transactions Fee
3.50%
Other Fees
Foreign transaction fee: 3.5% of the transaction amount | Reward redemption fee:NIL
Joining Fee
INR 0.
Annual Fee
INR 0
Cash Advance Fee
2.5% or ?500 whichever is higher
Interest rate
Interest Rate: 22.45% per annum (p.a.)
Late Payment Fee
Late payment fee: 3% of the outstanding amount, or Rs. 500, whichever is higher
Foreign Currency Transactions Fee
3.50%
Other Fees
Foreign transaction fee: 3.5% of the transaction amount | Reward redemption fee:NIL
Fee and Charges of
Bank of India Rupay Platinum Credit Card
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
Speical Feature, Eligibility and Benefits of
Bank of India Rupay Platinum Credit Card
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.
Contact Details
Account Opening and Procedure of
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.
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
Nalsar University of Law
Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi
Ex - Khaitan & Co. Bengaluru,
Ex - National Stock Exchange, Mumbai,
Ex - Argus Partners, Mumbai