HomeCREDIT CARDBank of Baroda Premier Credit Card Features

Bank of Baroda Premier Credit Card Features

Bank of Baroda Premier Credit Card

Bank of Baroda Premier Credit Card : – Bank of Baroda offers various credit cards through Bank of Baroda Financial Solutions Limited (BOB Financial Solutions Limited), formerly also known as BOBcards Limited. BOB Financial Solutions Limited is a Non-Banking Financial Corporation (NBFC) owned by the Bank of Baroda. 

The company mainly deals in credit cards and personal loans. Bank of Baroda Premier Credit Card is one of the credit card offerings offered by Bank of Baroda. The premium credit card is the most suitable credit card for frequent shoppers. This credit card offers excellent rewards along with select benefits at a minimal annual fee.

Through this post, detailed information about the features and benefits of the Bank of Baroda Premier Credit Card will be provided. If you want to get complete details about Premier Credit Card, read this post until the end. Let us discuss the features and benefits of this credit card in particular.

Features of Bank of Baroda Premier Credit Card

The Bank of Baroda provides the following types of facilities on the Premier Credit Card.

Welcome Benefit: Bank of Baroda offers up to 2000 reward points on credit card activation as a welcome benefit on the Premier Credit Card.

Free Airport Lounge Access: Offers complimentary four airport lounge access per year at Indian domestic airports on Premier Credit Card by Bank of Baroda.

Fuel Surcharge Waiver: If a consumer fills petrol or diesel in his car with a value of ₹ 500 to ₹ 4000 in any city in India through the Bank of Baroda Premier Credit Card, he will get a discount of 1%. is provided. This discount is up to a maximum of 2.5 ₹ 250 per month.

Reward Points: Bank of Baroda Premier Credit Card is provided with two reward points for every transaction of Rs. 100/-. Whereas every four reward points are equal to one rupee.

10X Reward Points: The reward points get 10X if you spend on catering, online travel aggregator, or abroad using Bank of Baroda Premium Credit Card. You can get a maximum of 2000 Reward Points on the transactions mentioned above with the Premier Credit Card.

Rewards Points Redeem Facility – The Reward Points received on Bank of Baroda Premier Credit Card transactions can be redeemed by the customer using gift vouchers and other options.

Easy EMI Installment: ​​Bank of Baroda Premier Credit Cardholder can convert purchases of ₹ 2500 or more made through the credit card into easy EMI installments of 6 to 12 months.

Bank of Baroda Premier Credit Card Benefits 

Following are the benefits of taking the Bank of Baroda Premium Credit Card.

  • Bank of Baroda Premium Credit Card offers personal accidental insurance cover and protection to your family in case of financial emergencies.
  • The Premier Credit Cardholder can only pay the minimum due amount and spend the credit limit at his convenience.
  • There are three add-on credit cards offered by Bank of Baroda under the add-on facility on Premier Credit so that you can enhance the credit facility of your family.
  • You can file a lost Bank of Baroda Premier Credit Card report immediately and get the Zero Loss Card Liability Benefit.
  • The Premier Credit Card does not charge interest on the purchase amount for a maximum period of 50 days from the date of purchase.

Read Also : – How to Generate SBI Debit Card PIN?

Bank of Baroda Premier Credit Card Fees and Charges.  

Bank of Baroda charges fees and additional charges as per the table below on the Premier Credit Card.

Joining Fee – An amount of ₹ 1000 is charged by the Bank of Baroda as a joining fee on Premier Credit Card. But if the cardholder spends up to ₹10000 from the Premier Credit Card within 60 days of credit card activation, the joining fee is refunded.

Annual Fee – An amount of ₹ 1000 is charged by the Bank of Baroda as a yearly fee on the Premier Credit Card. But if the cardholder spends ₹ 1,20,000 or more from the Premier Credit Card within one year from credit card activation, the planet’s annual credit card fee is waived off by the bank.

Cash Withdrawal Charges – 2.5% of the withdrawal amount subject to a minimum of ₹200 in case of cash withdrawals made by Bank of Baroda from Premier Credit Cards at Domestic ATMs. Whereas for cash withdrawal from an ATM abroad, 3% of the withdrawal amount will be at least ₹ 250.

Service Charges: Bank of Baroda charges 30% p.a., i.e., 2.5% p.m. for Titanium Mastercard as Service Charges on Premier Credit Cards, while 31.2 percent p.a., i.e., 2.6 percent p.m. on all other types of cards as Service Charges Is.

Duplicate Bill: Bank of Baroda charges an additional fee of ₹25 per bill on duplicate bills of Premier Credit Card.

Cheque Return / Dis-honored Charges: – ₹300 or 2% of the check amount, whichever is higher, is charged by Bank of Baroda as an additional charge in case of check return or dishonor through premium credit cards.

Exceeding Credit Limit Charges: – Bank Of Baroda Premier Credit Card Limit On Bhagwane Per Month 1% additional fee is charged.

Card Replacement Charges: – ₹ 100 per credit card is charged additionally for card replacement by Bank of Baroda on premium credit cards.

Charge Slip Retrieval Charges: – If you want to get a charge slip of Bank of Baroda Premier Credit Card, then by bank Rs. 250 per Charge-Slip is charged as a fee.

Foreign Currency Transaction Fee:– 2.75% of the transaction amount is charged as a fee for transactions in foreign currency through Premier Credit Card.

Deblocking Charges: – If your Premier Credit Card is blocked and you want to unblock it, Bank of Baroda charges ₹ 300 as an additional charge for unblocking the Premier Credit Card.

Late Payment Charges: If the Premier Credit Cardholder cannot pay the outstanding bill on time, then in the form of Late Payment Chargers, additional charges are charged from the consumer as follows.

  • No late fee is levied on outstanding bills up to ₹500.
  • ₹300 is charged as a late fee on outstanding bills ranging from ₹501 to ₹2500.
  • ₹300 is charged as a late fee on outstanding bills ranging from ₹501 to ₹2500.
  • ₹500 is charged as a late fee on outstanding bills above ₹25000.

Bank of Baroda Premier Credit Card Eligibility Criteria

An applicant for the Bank of Baroda Premier Credit Card is required to pass the following eligibility criteria.

  • To apply for the Bank of Baroda Premier Credit Card, the applicant must have a minimum income of ₹ 60000 per month.
  • Applicants must be a salaried person or self-employed.
  • Applicant’s age should not be less than 18 years and not more than 65 years.

If you find it challenging to choose the right credit card from all the credit cards offered by Bank of Baroda, you must refer to the “Bank of Baroda Credit Cards” article to choose the right Bank of Baroda credit card. Read. This article provides detailed information about the features and benefits of all the attractive credit cards offered by the Bank of Baroda. After reading this article, you will choose the right credit card for you based on your needs.

Read Also : – How to Convert Credit Card Payment to EMI in HDFC Bank?

Guru
Guruhttps://paisaproblem.com/
I am student and part time blogger. I am interest to share my views on financial issues.
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