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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
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
Fees & Charges
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
Special Features
100% cash withdrawal: Withdraw cash up to 100% of your Credit Limit, in case of any emergency.
Eligibility Criteria
The applicant must be above 18 years of age.
The applicant must have a fixed deposit of Rs.25,000 with the bank.
Speical Feature, Eligibility and Benefits
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
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