PREMIER Credit card
MyRupaya Ratings
उत्पाद विवरण
क्रेडिट कार्ड का नाम
PREMIER Credit card
Bank Name :
Bank of Baroda
प्रकार
Travel Credit Card
ब्याज दर
3.25% per month or 39% per annum
पात्रता
Age criteria: 18 to 65 years old
Salaried or self-employed
Minimum monthly income must be Rs. 60,000 per month
पेशेवरों
Welcome Benefit: Users will get 500 reward points on spending Rs 5000 or more in the first 60 days of card issuance.
Reward System: The value of 1 reward point = INR 0.25. Users will earn 5X rewards i.e. 10 reward points for every Rs. 100 spent on Travel, Dining and Abroad (International spending). Effective cashback rate = 2.5%. 2 reward points for every Rs. 100 spent on other categories. Effective cashback rate = 0.50%.
1 complimentary airport lounge visit every calendar quarter at participating lounges.
If the user spends Rs 10,000 in the first 60 days then the joining fees get reversed.
Up to 3-lifetime free Add-on cards.
Users will get personal accidental death insurance coverage.
दोष
High annual fee.
Limited airport lounge access.
Reward points capping.
पक्ष विपक्ष
Welcome Benefits
Users will get 500 reward points on spending Rs 5000 or more in the first 60 days of card issuance.
पुरस्कार प्रणाली
The value of 1 reward point = INR 0.25. Users will earn 5X rewards i.e. 10 reward points for every Rs. 100 spent on Travel, Dining and Abroad (International spending). Effective cashback rate = 2.5%. 2 reward points for every Rs. 100 spent on other categories. Effective cashback rate = 0.50%.
अंतर्राष्ट्रीय विदेशी मुद्रा मार्कअप
Foreign Currency Transaction Fee: 3.5% of transaction amount
स्वागत लाभ और पुरस्कार प्रणाली
विशेष लक्षण
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
फ़ायदे
5X reward points.
Free airport lounge access.
Complimentary insurance cover.
Premier lifetime membership.
विशेष विशेषता, पात्रता और लाभ
क्रेडिट कार्ड के लिए आवेदन कैसे करें?
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.
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.
Document Verification: Bank of Baroda will verify your documents and credit score.
Card Approval: If approved, you'll receive your BOB PREMIER Credit Card within 7-10 business days.
सम्पर्क करने का विवरण
Email: crm@bobfinancial.com
खाता खोलने की प्रक्रिया और प्रक्रिया
विशेष विशेषता, पात्रता और लाभ
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.
Reward System: The value of 1 reward point = INR 0.25. Users will earn 5X rewards i.e. 10 reward points for every Rs. 100 spent on Travel, Dining and Abroad (International spending). Effective cashback rate = 2.5%. 2 reward points for every Rs. 100 spent on other categories. Effective cashback rate = 0.50%.
1 complimentary airport lounge visit every calendar quarter at participating lounges.
If the user spends Rs 10,000 in the first 60 days then the joining fees get reversed.
Up to 3-lifetime free Add-on cards.
Users will get personal accidental death insurance coverage.
High annual fee.
Limited airport lounge access.
Reward points capping.
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.
PREMIER 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
उत्पाद समीक्षा
फीस एवं प्रभार
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
ईंधन अधिशुक्ल
Billing Cycle
30 Days