Bank of Baroda Easy Credit Card Features, Benefits, Eligibility Criteria, Fees & Charges
Bank of Baroda Easy Credit Card: BOB Easy Credit Card is one of the various cards offered by Bank of Baroda, keeping in mind the needs and expenses of the consumers. This card is primarily known in the form of reward points and cashback. The annual fee for this card is only ₹ 500. If you spend up to ₹ 50000 in a year with this card, then your yearly fee is also waived.
Through this post, detailed information about Bank of Baroda Easy Credit Card Features, Benefits, Eligibility Criteria Fees and Charges etc., has been provided. If you are interested in taking a credit card from the Bank of Baroda and in any dilemma, you must read the article “Bank of Baroda Credit Cards”. It is a detailed comparative study of various reasons issued by the Bank of Baroda, which will help you to choose the right credit card.
Bank of Baroda Easy Credit Card Brief Description
|Card Name||Bank Of Baroda Easy Credit Card|
|Reward Point||The facility of a maximum of 5 reward points per ₹100 transaction|
|Cashback||Points 5% cashback facility on credit card bill payment|
|Rebate On Fuel Surcharge||1% Off On Diesel And Petrol|
|Insurance Cover||Insurance cover up to Rs 1500000|
|Annual Fee Waiver||On spending ₹ 50000 in 1 year on credit card|
|Interest-free Time||50 days|
|Add-on Credit Card||Three add-on cards free of cost|
Features and benefits of Bank of Baroda Easy Credit Card
The features and benefits of Easy Credit Card by Bank of Baroda can be understood from the following points.
Rewards Points: The following reward points are offered on the Bank of Baroda Easy Credit Card.
- One reward point is awarded for every ₹100 transaction.
- 5 Reward Points per ₹100 are given on Bank of Baroda Credit Card spends at Grocery, Departmental stores.
- The maximum limit of these reward points is 1000 per month.
Cashback : – 5% cashback facility is provided on bill payment with Bank of Baroda Easy Credit Card.
Discount on Diesel and Petrol: No fuel surcharge is levied for getting oil pumped from ₹400 to ₹5000 at any petrol pump in India with Bank of Baroda Easy Credit Card.
Fee Waiver: The bank waives the annual fee if you spend ₹ 50000 annually with the Bank of Baroda Easy Credit Card.
Insurance cover: If the holder dies in an air accident due to Bank of Baroda Easy Credit, insurance up to ₹ 1500000 is provided to his family or nominee. Whereas insurance cover of up to ₹ 500000 is provided on other types of accidental death.
EMI Facility: Bank of Baroda offers easy credit cardholders the facility to convert transactions above ₹ 2500 into EMI for tenures ranging from 6 months to 12 months.
Free Add-on Cards: Bank of Baroda Easy Credit Cardholders can get three free add-on cards instantly for their family members above 18 years of age.
Interest-Free Period: What is the interest-free time of 50 days provided by Bank of Baroda on the expenses made by Easy Credit Card.
Bank of Baroda Easy Credit Card Fees & Charges
The different types of fees and charges levied by the Bank of Baroda on Easy Credit Card can be easily understood from the table given below.
|Type Of Fee||Amount|
|Cash Withdrawal Fee||2.5% of the cash withdrawal amount, subject to a minimum of ₹500.|
|Finance Charges||41. 88% p.a. or 3.49% p.m.|
|Cheque Return Fee||2% of the cheque amount subject to a minimum of ₹300.|
|Foreign Currency Transaction Fee||3.50% of the transaction amount|
|Card Unblocking Fee||₹300 per card|
|Late Payment Fee||No fee for an amount less than ₹100.₹100 extra charges on amounts ranging from ₹100 to ₹500.₹400 additional charges on the amount from ₹501 to ₹1000.₹600 extra charges on amounts ranging from ₹1001 to ₹10000.₹800 extra charges on the amount from ₹10001 to ₹25000.₹950 additional charges on the amount above ₹25000.|
Note – The fees and charges on credit cards are changed from time to time by the bank as per the requirement, so to get the latest information on Bank of Baroda Easy Credit Card fees & charges, please visit the official website of Bank of Baroda.
What is the Bank of Baroda Easy Credit Card Eligibility Criteria?
If you want to apply for the Bank of Baroda Easy Credit Card, then before applying, make sure that you pass the eligibility criteria set by the bank or not. The Bank of Baroda Easy Credit Card eligibility criteria is as follows.
- The age of the applicant should be between 18 to 65 years.
- Applicants should be salaried or self-employed.
- The annual income of the applicant should be ₹ 400000 or more.
- The applicant must be an Indian citizen or a non-resident Indian.
What are the documents required for the Bank of Baroda Easy Credit Card?
Income, residence, and identity proof are mainly required for easy credit card application by the Bank of Baroda. The following self-attested documents can be used as income proof, residence proof, identity proof.
Identity Proof: The following documents can be used as identity proof for the Bank of Baroda credit card application.
- Pan Card,
- Aadhar Card,
- Driving License,
- Voter Photo Id Card,
- Photo Credit Card
- Defence Id Card
- Photo ID proof issued by the Central or State Government.
Residence Proof: Bank of Baroda Easy Credit Card applicants can use the following documents as proof of residence.
- Aadhar card
- Ration card
- Bank Account Statement
- Voter Photo ID
- Residence certificate issued by public authority
- Electricity, water or telephone bill for the last three months
Income Proof – Last three months salary slip and income tax return form 16 for both salaried employee or salaried person is mandatory for Bank of Baroda Easy Credit Card application
How to apply for the Bank of Baroda Easy Credit Card?
If you fulfil the Bank of Baroda Easy Credit Card eligibility criteria, you can apply for AG Credit Card. To apply, visit your nearest Bank of Baroda branch. You can complete the application process by contacting the branch manager/bank employee and attaching the documents related to the application form. Once your application is accepted, the credit card will be sent to your address by the bank in 7 to 10 working days.
Credit Card Equivalent to Bank of Baroda Easy Credit Card
Various banks also offer credit cards in the market equivalent to Bank of Baroda Easy Credit Card. It is necessary to do a comparative study with these credit cards, and the Bank of Baroda is a credit card. So that you do not feel any conflict in choosing the right credit card for this category, a comparison study of Bank of Baroda Easy Credit Card and other bank credit cards offered in the same type can be easily understood through the list given below.
|Credit Card Name||Annual Fee||Comparative Features|
|HDFC Money-Back Credit Card||₹500||Two reward points for every ₹150 transactions.|
|ICICI Instant Platinum Credit Card||No annual fee is charged.||The facility of 2 Payback Points for every ₹100.|
|ICICI Amazon Pay||No Annual Fee||Cashback up to a maximum of 5% on every transaction|
|HSBC SmartValue Credit Card||₹499||The facility of three reward points for each Rs. 100 transaction.|
|American Express Membership Rewards Credit Card||No annual fee is charged.||The facility of one Membership Rewards point for every ₹50.|
Bank of Baroda Easy Credit Card related FAQs
Q 1. I do not pay any tax. Am I eligible for the Bank of Baroda Easy Credit Card?
Ans: Yes, it is not necessary to fall under any income tax slab for the Bank of Baroda Easy Credit Card application. To get an Easy Credit card, it is only required to fulfil the eligibility criteria set by the bank.
Q 2. What are MasterCard and Visa cards?
Ans – A payment network is required to make any type of credit card transaction possible. MasterCard and VisaCard are multinational financial services corporations that provide payment networks.
Q 3. Are add-ons on Easy Credit cards waived off from credit on the card separately?
Ans: Bank of Baroda does not provide any additional credit on the add-on card facility of Easy Credit Card. The add-on cardholder can only use the credit limit of the primary cardholder.
Q 4. What is the credit limit?
Ans: Credit card limit is the maximum amount limit, after which the credit card bank stops giving you the credit amount. The credit amount limit is how the credit card issuing bank provides you with the facility of credit facility. The credit limit depends on your annual income, credit history and payment history by the bank.