.png)
BOB Assure Credit Card
Rewards & Benefits
Welcome Benefits
Milestone Benefits
Cashback Rate
You earn 1 reward point for every Rs. 100 spent across all categories.
Redeem 500 points for ₹25. This translates to a value of 5 paise per point.
Effective Cashback Rate: 0.5% cashback on all spends.
5% cashback on fuel transactions.
Movie Benefits
Dining Benefits
Other benefits:Free accidental death insurance coverage (Rs Rs 15 Lakhs for air accident and Rs Rs 5 Lakhs for other accidental death).Up to 3 add-on cards free for life.50-day interest-free credit period.Reward points with various redemption options.Exclusive offers on air tickets, shopping, travel, and dining.
Other Benefits
Guaranteed Issuance: This card stands out for its guaranteed issuance against a Fixed Deposit (FD) you hold with Bank of Baroda. You don't need to provide income proof, making it accessible to individuals with limited credit history.
100% Cash Withdrawal in case of emergencies
Accidental Death Insurance: Get covered for up to Rs. 15 lakhs for air accidental death and Rs. 5 lakhs for other accidental deaths.
Free Add-on Cards: Get up to 3 add-on cards for family members at no additional cost.; Guaranteed issuance:This is a unique feature and a major pro for those with limited credit history or no income proof. You can get the card by linking it to a fixed deposit (FD) with Bank of Baroda. The credit limit is typically 80% of the FD amount.; Cash withdrawal flexibility:You can withdraw cash up to 100% of your credit limit in case of emergencies, although withdrawal charges apply (2.5% for domestic and 3% for overseas).; Lifetime fee waiver:The annual fee of Rs 500 can be waived off permanently by spending Rs 6,000 within 60 days of card issuance or Rs 35,000 in a year.; Zero fuel surcharge:Get 1% fuel surcharge waived off for all transactions between Rs 400 and Rs 5,000.
Lounge Access
Rewards & Benefits
Welcome Benefits
Milestone Benefits
Cashback Rate
You earn 1 reward point for every Rs. 100 spent across all categories.
Redeem 500 points for ₹25. This translates to a value of 5 paise per point.
Effective Cashback Rate: 0.5% cashback on all spends.
5% cashback on fuel transactions.
Movie Benefits
Dining Benefits
Other benefits:Free accidental death insurance coverage (Rs Rs 15 Lakhs for air accident and Rs Rs 5 Lakhs for other accidental death).Up to 3 add-on cards free for life.50-day interest-free credit period.Reward points with various redemption options.Exclusive offers on air tickets, shopping, travel, and dining.
Other Benefits
Guaranteed Issuance: This card stands out for its guaranteed issuance against a Fixed Deposit (FD) you hold with Bank of Baroda. You don't need to provide income proof, making it accessible to individuals with limited credit history.
100% Cash Withdrawal in case of emergencies
Accidental Death Insurance: Get covered for up to Rs. 15 lakhs for air accidental death and Rs. 5 lakhs for other accidental deaths.
Free Add-on Cards: Get up to 3 add-on cards for family members at no additional cost.; Guaranteed issuance:This is a unique feature and a major pro for those with limited credit history or no income proof. You can get the card by linking it to a fixed deposit (FD) with Bank of Baroda. The credit limit is typically 80% of the FD amount.; Cash withdrawal flexibility:You can withdraw cash up to 100% of your credit limit in case of emergencies, although withdrawal charges apply (2.5% for domestic and 3% for overseas).; Lifetime fee waiver:The annual fee of Rs 500 can be waived off permanently by spending Rs 6,000 within 60 days of card issuance or Rs 35,000 in a year.; Zero fuel surcharge:Get 1% fuel surcharge waived off for all transactions between Rs 400 and Rs 5,000.
Lounge Access
Fees & Charges of
BOB Assure Credit Card
Joining Fee
INR 500
Annual Fee
N.A.(Not Applicable)
Cash Advance Fee
Cash advance fee:A cash advance fee of 2.5% per transaction will be charged for domestic ATM withdrawals and 3% per transaction for overseas ATM withdrawals.
Interest rate
Interest rate:The interest rate on outstanding balances is 1.6% per month (19.2% APR).
Late Payment Fee
Late payment fee:A late payment fee of ₹100 will be charged if you do not pay your minimum due amount by the due date.
Foreign Currency Transactions Fee
Foreign currency transaction fee:A foreign currency transaction fee of 3.5% will be charged on all transactions made in a foreign currency.
Other Fees
Joining Fee
INR 500
Annual Fee
N.A.(Not Applicable)
Cash Advance Fee
2.5% or ?500 whichever is higher
Interest rate
Interest rate:The interest rate on outstanding balances is 1.6% per month (19.2% APR).
Late Payment Fee
Late payment fee:A late payment fee of ₹100 will be charged if you do not pay your minimum due amount by the due date.
Foreign Currency Transactions Fee
Foreign currency transaction fee:A foreign currency transaction fee of 3.5% will be charged on all transactions made in a foreign currency.
Other Fees
Fee and Charges of
BOB Assure Credit Card
Special Features
The applicant must be above 18 years of age.
The applicant must have a fixed deposit of Rs.25,000 with the bank.
Eligibility Criteria
100% cash withdrawal: Withdraw cash up to 100% of your Credit Limit, in case of any emergency.
Speical Feature, Eligibility and Benefits of
BOB Assure Credit Card
How to apply for Credit Card?
Eligibility: You must be at least 18 years old and have a valid PAN card.
Documents Required:Photo ID proof (Aadhaar card, driving license, etc.)
Address proof (utility bill, rental agreement, etc.)
Proof of Fixed Deposit with Bank of Baroda (for guaranteed issuance)Application Methods:Online: Visit the Bank of Baroda website and fill out the application form.
Offline: Visit your nearest Bank of Baroda branch and submit the required documents.
Contact Details
Account Opening and Procedure of
BOB Assure Credit Card
Find Offers on Your Credit Card
Find Offers on Your Credit Card
The BOB Assure Credit Card can be a good option for individuals with limited credit history who want a basic card with some flexibility and insurance benefits. However, the lower rewards and high-interest rates should be considered carefully. If you're a frequent spender, other cards with higher rewards and lower interest rates might be more suitable.
The BOB Assure Credit Card can be a good option for individuals with limited credit history who want a basic card with some flexibility and insurance benefits. However, the lower rewards and high-interest rates should be considered carefully. If you're a frequent spender, other cards with higher rewards and lower interest rates might be more suitable.
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