Bank of India Visa Platinum Credit Card
MyRupaya Ratings
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
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The maximum amount of cash that can be withdrawn from – ATM – Rs. 15,000 per day from any ATM locations worldwide.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.
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
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.
No complimentary lounge visit.
Few add-on features.
No welcome benefit
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
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