PRIME
MyRupaya Ratings
Product Details
Credit Card Name :
PRIME
Bank Name :
Bank of Baroda
Type :
Regular Credit Card
Interest Rate :
Interest Rate: 3.25% p.m. (39% Annualized
Percentage Rates).
Eligibility :
Indian Resident
Age group: 18-70 years.
Pros
Welcome Benefit: Users will get 500 reward points on spending Rs 5000 or more in the first 60 days of card issuance.
Issued on FD: Guaranteed issuance against FD of 15,000 or more without any income proof.
Reward System: Users will earn 1 reward point for every 100 spent on selected categories, an effective cashback rate of 0.25% and 2 reward points for every 100 spent on all other categories.Effective cashback rate = 0.50%
Other benefits: Lifetime free credit card.
Cons
No reward points are earned on fuel transactions.
No welcome benefit is provided.
No add-on features are available.
Pros & Cons
Welcome Benefits
Welcome Benefit: Users will get 500 reward points on spending Rs 5000 or more in the first 60 days of card issuance.
Rewards System
Users will earn 1 reward point for every 100 spent on selected categories, an effective cashback rate of 0.25% and 2 reward points for every 100 spent on all other categories.Effective cashback rate = 0.50%
International Forex Markup
Welcome Benefits and Reward System
Special Features
Card issued on FD.
Eligibility Criteria
Indian Resident
Age group: 18-70 years.
Benefits
The Bank of Baroda PRIME credit card is a secured credit card that offers a variety of benefits, including:
Guaranteed issuance: The card is guaranteed to be issued against a fixed deposit of Rs. 15,000.
Zero annual fee: There is no annual fee for the PRIME credit card.
Cashback: You earn 1 reward point for every Rs. 100 spent on all purchases. You can redeem your reward points for cashback, gift vouchers, and other rewards.
Fuel surcharge waiver: You get 0 fuel surcharge.
Zero liability on lost card: If your card is lost or stolen, you will not be liable for any fraudulent transactions made on the card.
In-built insurance cover: The card comes with a free Personal Accidental Death Cover of up to Rs. 1 lakh.
Add-on cards: You can get up to 3 free add-on cards for your family members.
Speical Feature, Eligibility and Benefits
How to apply for Credit Card?
Here are the steps on how to apply for the Bank of Baroda PRIME credit card online:
Go to the Bank of Baroda website and click on the "Apply for Credit Card" link.
Select the "PRIME" credit card from the list of cards.
Enter your personal information, such as your name, address, and income.
Provide your PAN card number and your Aadhaar number.
Upload the required documents.
Click on the "Submit" button.
You will receive an SMS or email from the bank confirming your application.
The bank will also send you a link to track the status of your application.
If your application is approved, the bank will send you the credit card within 7-10 working days.
Contact Details
Call at 1800 225 100
Account Opening and Procedure
Recommended Credit Cards
Pros:-
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Cons:-
Welcome Benefit: Users will get 500 reward points on spending Rs 5000 or more in the first 60 days of card issuance.
Issued on FD: Guaranteed issuance against FD of 15,000 or more without any income proof.
Reward System: Users will earn 1 reward point for every 100 spent on selected categories, an effective cashback rate of 0.25% and 2 reward points for every 100 spent on all other categories.Effective cashback rate = 0.50%
Other benefits: Lifetime free credit card.
No reward points are earned on fuel transactions.
No welcome benefit is provided.
No add-on features are available.
Overall not a great credit card in my opinion. But if you’re looking for domestic lounge access with Visa Signature privileges, it's worth holding. Otherwise, if you’re asked to take a BOB card as a cross-sell to take a loan or other products, you could rather go for the Bank of Baroda Select credit card. If you can spend more, like 5L annually online or offline, it is better to go for the newly launched Eterna Credit card.
PRIME
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: Nil
Annual Joining Fee: Nil
Cash Advance Charges: 2.5% or ₹300/- (Whichever is higher)
Late Payment Fees: Outstanding < 200- Nil 200 – 500- Rs.100/- 501 – 1000- Rs. 400/- 1001 – 10000- Rs. 500/- > 10000- Rs. 750/-
Interest Rate: 3.25% p.m. (39% Annualized Percentage Rates).
Foreign Currency Transaction fee: 3.50% of the transaction amount.
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