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PREMIER Credit card

Product Details
Credit Card Name : 

PREMIER Credit card

Bank Name :

Bank of Baroda

Type :

Travel Credit Card

Interest Rate : 

3.25% per month or 39% per annum

Eligibility :

Age criteria: 18 to 65 years old
Salaried or self-employed
Minimum monthly income must be Rs. 60,000 per month

PREMIER Credit card
Pros
  • Reward System: Earn 10 reward points for every INR 100 spent on travel, dining, and abroad (capped at 2,000 Reward Points on the mentioned categories per Statement Cycle), 2 Reward Points for every Rs. 100 spent on other categories, and 1 Reward Point for every Rs. 100 spent on Select Categories. 

  • Travel Benefits: 1 Complimentary Airport Lounge Visit every calendar quarter at participating lounges for Premier Visa Card Holders and Premier RuPay Card Holders 

  • Other Benefits: Customers get up to 3 lifetime free add-on cards (age criteria: above age 18 years), they can also enjoy an in-built Personal Accident Insurance Cover to ensure financial protection. 

Cons
  • No welcome benefit is provided to the customers

  • High Annual Fee

  • Limited Airport Lounge Access

  • Reward Point Capping

Pros & Cons
Welcome Benefits

None 

Rewards System
  • 10 Reward Points for every Rs. 100 spent on Travel, Dining and Abroad (International spends)* 

  • 1 Reward Point for every Rs. 100 spent on Selected Categories( capped at 2,000 Reward Points on the mentioned categories per Statement Cycle. 

  • Further spending in that Statement Cycle on these categories will earn Reward Points at the regular earn rate.) 2 Reward Points for every Rs. 100 spent on other categories 

  • 1 Reward Point = INR 0.25 

  • Effective cashback rate = 3.25%

International Forex Markup

Foreign Currency Transaction Fee: 3.5% of transaction amount  

Welcome Benefits and Reward System
Special Features

Earn 5X Reward Points on travel, dining, and international spends.

Eligibility Criteria

Age criteria: 18 to 65 years old
Salaried or self-employed
Minimum monthly income must be Rs. 60,000 per month

Benefits


  • 5X Reward Points

  • Free Airport Lounge Access

  • Complimentary Insurance Cover

  • Premier Lifetime Membership

Speical Feature, Eligibility and Benefits
How to apply for Credit Card?
  1. Eligibility Check: Ensure you meet the minimum eligibility criteria, such as having a minimum annual income of Rs. 3 lakhs for salaried individuals and Rs. 5 lakhs for non-salaried individuals.

  2. Apply Online: The easiest way to apply is online through the Bank of Baroda website. You'll need to provide basic information, income details, and supporting documents.

  3. Document Verification: Bank of Baroda will verify your documents and credit score.

  4. Card Approval: If approved, you'll receive your BOB PREMIER Credit Card within 7-10 business days.

Contact Details
Account Opening and Procedure
PREMIER Credit card

The Bank of Baroda PREMIER Credit Card is a suitable option for moderate spenders who value occasional airport lounge access, travel-related rewards, and everyday benefits like movie discounts and fuel surcharge waiver. The complimentary add-on card, welcome bonus, and other features add further value. However, the moderate annual fee, lower reward rate compared to some competitors, limited redemption options, lower point value, and network limitation might necessitate careful consideration for those seeking higher rewards, wider lounge access, extensive redemption options, or wider network coverage.

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

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Fees & Charges
  • First year fee: INR 1000 (Spend Rs. 10,000 on your card within first 60 days of card setup date for First year fee reversal.  

  • Annual fee: INR 1000 (Spend Rs. 1,20,000 on your card in a year for fee waiver)* *Joining/Annual fee waiver is applicable only to non-delinquent credit cardholders 

  • Cash Withdrawal fee: Domestic ATMs- 2.5% of the transaction amount subject to minimum of INR 300 International ATMS- 3% of the transaction amount subject to a minimum of INR 300  

  • Foreign Currency Transaction Fee: 3.5% of transaction amount  

  • Late Payment Charges: Statement Balance : Charges Less than INR 200 : NIL INR 200- 500 : INR 100 INR 501- 1000 : INR 400 INR 1001- 10000 : INR 500 More than 10000: INR 750

Fuel Surcharge
1% fuel surcharge waiver at all fuel stations across India on transactions between Rs.400 and Rs.5,000 (Max. Rs. 250 per statement cycle)
Billing Cycle

30 Days

Fees & Charges
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