Bank of India SwaDhan Rupay Platinum Credit Card
MyRupaya Ratings
Product Details
Credit Card Name :
Bank of India SwaDhan Rupay Platinum Credit Card
Bank Name :
Bank Of India
Type :
Regular Credit Card
Interest Rate :
1.20% p.m. (15.40% p.a.) on daily balances
In case of default service charges is 1.70% p.m. (22.45 % 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.
Pros
Globally accepted Card.
Customers will get 2X Reward points in POS an ECOM transactions.
Flexible credit limits for add-on cards.
Cons
Card is issued against TDR (Term Deposit Receipt) only.
No complimentary Domestic /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
Issued against a fixed deposit: You don't need a separate credit line as the card is issued against your existing Fixed Deposit Receipt (TDR) with Bank of India.
No annual fee: You don't have to pay any annual fees to keep the card active.
Reward points: Earn 2 reward points on every Rs. 100 spent on POS and e-commerce transactions (excluding blocked categories).
International acceptance
Speical Feature, Eligibility and Benefits
How to apply for Credit Card?
Visit your nearest Bank of India branch.
Fill out the application form and submit it along with the required documents.
The required documents are: Identity proof: A copy of your PAN card, Aadhaar card, or passport. Address proof: A copy of your voter ID card, driving license, or utility bill. Proof of income: A copy of your latest salary slip or income tax return.
The Bank of India will review your application and will contact you if your application is approved.
Contact Details
Account Opening and Procedure
Recommended Credit Cards
Pros:-
Change the text to include your own content. Adjust the font, size or scale to customize the style.
Cons:-
Globally accepted Card.
Customers will get 2X Reward points in POS an ECOM transactions.
Flexible credit limits for add-on cards.
Card is issued against TDR (Term Deposit Receipt) only.
No complimentary Domestic /international airport lounge visit facility is available.
Few add-on features.
No welcome benefit
HDFC Bank Biz Power Credit Card
The card is a premium credit card with a number of value add features. This card offers cashback on even tax and GST payment. Overall it is a must have card for small business owners/ freelancers.
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 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