Welcome Benefit: Users will get 500 reward points on spending Rs 5000 or more in the first 60 days of card issuance.
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Prime Bobcard
Rewards & Benefits
Welcome Benefits
Welcome Benefit: Users will get 500 reward points on spending Rs 5000 or more in the first 60 days of card issuance.
Milestone Benefits
None.
Cashback Rate
Users will earn 2 reward points for every INR 100 spent.
Value of 1 point = INR 0.20
Effective Cashback Rate: 0.4%.
Movie Benefits
None.
Dining Benefits
None.
Other Benefits
The Bank of Baroda PRIME credit card is a secured credit card that offers a variety of benefits, including Guaranteed issuance of card.
The card is guaranteed to be issued against a fixed deposit of INR 15,000.
Zero annual fee
Free lost card liability cover.
Free personal accident cover upto INR 1 Lakh.
Lounge Access
None.
Rewards & Benefits
Welcome Benefits
Welcome Benefit: Users will get 500 reward points on spending Rs 5000 or more in the first 60 days of card issuance.
Milestone Benefits
None.
Cashback Rate
Users will earn 2 reward points for every INR 100 spent.
Value of 1 point = INR 0.20
Effective Cashback Rate: 0.4%.
Movie Benefits
None.
Dining Benefits
None.
Other Benefits
The Bank of Baroda PRIME credit card is a secured credit card that offers a variety of benefits, including Guaranteed issuance of card.
The card is guaranteed to be issued against a fixed deposit of INR 15,000.
Zero annual fee
Free lost card liability cover.
Free personal accident cover upto INR 1 Lakh.
Lounge Access
None.
Fees & Charges
Joining Fee
Nil
Annual Fee
Nil
Cash Advance Fee
2.5% or ?300/-
Interest rate
Interest Rate: 3.25% p.m. (39% Annualized Percentage Rates).
Late Payment Fee
Late Payment Fees: Outstanding < 200- Nil 200 – 500- Rs.100/- 501 – 1000- Rs. 400/- 1001 – 10000- Rs. 500/- > 10000- Rs. 750/-
Foreign Currency Transactions Fee
Foreign Currency Transaction fee: 3.50% of the transaction amount.
Other Fees
Cash Advance Charges: 2.5% or ₹300/- (Whichever is higher)
Fees & Charges
Joining Fee
Nil
Annual Fee
Nil
Cash Advance Fee
2.5% or ?500 whichever is higher
Interest rate
Interest Rate: 3.25% p.m. (39% Annualized Percentage Rates).
Late Payment Fee
Late Payment Fees: Outstanding < 200- Nil 200 – 500- Rs.100/- 501 – 1000- Rs. 400/- 1001 – 10000- Rs. 500/- > 10000- Rs. 750/-
Foreign Currency Transactions Fee
Foreign Currency Transaction fee: 3.50% of the transaction amount.
Other Fees
Cash Advance Charges: 2.5% or ₹300/- (Whichever is higher)
Special Features
Card issued on FD.
Eligibility Criteria
Indian Resident
Age group: 18-70 years.
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
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.
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.
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