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Bank of India Visa Gold Credit Card

Product Details
Credit Card Name : 

Bank of India Visa Gold Credit Card

Bank Name :

Bank Of India

Type :

Lifestyle Credit Card

Interest Rate : 

1.70% per month (20.45% per annum).

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 Visa Gold Credit Card
Pros
  • Card is accepted at all the Domestic and foreign merchants across the globe. 

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

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

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

  • The maximum amount of cash that can be withdrawn from – ATM – Rs. 15,000 per day from any ATM locations worldwide. 

  • Flexible credit limits for add-on cards.

Cons
  • No complimentary lounge visit. 

  • 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%

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
  • Interest-free credit period: Up to 51 days of interest-free credit on purchases. 

  • Rewards: Earn 2 reward points for every Rs. 100 spent on fuel, groceries, and departmental stores. 

  • Easy EMI options: Convert your large purchases into easy EMIs at attractive interest rates. 

  • Balance transfer facility: Transfer your outstanding balances from other credit cards to your Bank of India Visa Gold Credit Card and enjoy a lower interest rate. 

  • Enhanced purchase power: Increase your credit limit to meet your growing needs. 

  • Insurance concession: Get a 15% discount on your premium for car insurance and two-wheeler insurance. 

  • Global acceptance: Visa Gold card is accepted at millions of merchants worldwide. 

Additional benefits:

  • Lost/stolen card liability cover

  • Purchase protection

  • Extended warranty

  • Airport lounge access

  • Golf privileges

  • 24/7 customer care

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 "Visa Gold 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. 

  • A Bank of India representative will contact you to verify your details and schedule an appointment for you to submit your documents. 

  • Once your application is approved, you will receive your credit card in the mail within 7-10 working days.

Account Opening and Procedure
Bank of India Visa Gold Credit Card

The Bank of India Visa Gold Card is valid in India, Bhutan and Nepal and it’s an exclusive card with numerous benefits and attractive offers. The card gives maximum advantage to those who want a whole lot of benefits with a low maintenance card. This card allows transaction at around 2.5 lakh merchant locations spread across these three countries. The card is specially crafted for those who want to combine sheer convenience with the ease of managing their expenses. The Bank of India Visa Gold Credit Card makes sure that customers don’t face any hassle while shopping. The EMI options with affordable interest rates make it all the more easier for customers to benefit from this card.

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 charges: 2.5% on cash advance amount 

  • Interest Rates:  1.70% per month (20.45% per annum). 

  • Late Payment Fees: 2.50% of the outstanding balance 

  • Foreign transaction fee: 3% on all foreign currency transactions. 

  • Reward Redemption Fee- NIL

Fuel Surcharge

There is no fuel surcharge on the Bank of India VISA PLATINUM INTERNATIONAL credit card.

Billing Cycle

30 Days

Fees & Charges
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