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Bank of India Visa Platinum Credit Card

Product Details
Credit Card Name : 

Bank of India Visa Platinum Credit Card

Bank Name :

Bank Of India

Type :

Rewards 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 Platinum Credit Card
Pros
  • Globally accepted Card 

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

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

  • The 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  • The maximum amount of cash that can be withdrawn from – ATM – Rs. 15,000 per day from any ATM locations worldwide.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
  • 1 Domestic Airport lounge per quarter (capped at 4 in a year).

  • 1 railway lounge per quarter

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

  • Time prime Annual Membership which includes Disney+ Hotstar, SonyLiv, Youtube premium subscriptions etc. (For more details refer offer section).

  • 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.

  • Maximum amount of cash that can be withdrawn from – ATM – Rs. 15,000 per day from any ATM locations worldwide.

  • Billing cycle is from 16th of current month to 15th of next month.

  • Payment is to be made on or before 5th of succeeding month which mostly suits the requirement of salaried class.

  • Flexible credit limits for add-on cards.

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

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

  • Click on the "Apply Now" button. 

  • You will be redirected to a new page where you will need to provide your personal information, such as your name, address, and contact details. 

  • You will also need to provide your income and employment details. 

  • You will need to upload a copy of your PAN card and a recent passport-sized photograph. 

  • Once you have submitted your application, you will need to wait for the bank to approve your application. 

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

Account Opening and Procedure
Bank of India Visa Platinum Credit Card

Bank of India Visa Platinum International credit card is an EMV chip-based card. The credit card can be used in India, Nepal, and in any other country where Visa is accepted. Overall, the card is a great of option for people who love shopping and travelling. However, it does not provide any cashback offers.

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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