BOB Premier Credit Card

Bank of Baroda Premier Credit Card allows the cardholder to make in-store or online credit payments. It was launched by the Bank of Baroda to complement the 'Premier' lifestyle, as the card's name suggests.

It offers various benefits over spending on travel, lifestyle, and international transactions to its users. This post entails information on the BoB premier card, its benefits, features, and how to avail it.

BoB Premier Credit card.png

Image Source: Bank of Baroda Official website

Key Highlights of the Bank of Baroda Premier Credit Card

Suitability

Travel & Dining

Joining Charges

Rs. 1,000

Annual Charges

Rs. 1,000

Best Feature

5X Points (conditions apply) for every Rs. 100 spent on Travel, Dining, and international transactions

Benefits and Features of BOB Premier Credit Card

The significant benefits of the Bank of Baroda Premier credit card and the rewards categories of transactions are listed below:

  1. Travel and Dining Transactions 

  • Earn 5x reward points or ten rewards points on every Rs. 100 that is spent on dining, travel, and international transactions. 
  • Complimentary BoB Premier Credit Card lounge access for every quarter calendar visit.
  1. Spending Benefits

  • Cardholders need to spend over Rs. 10,000 within a period of 60 days and Rs. 1,20,000 in a year for a reversal or waiver of the annual charges applied to the card.
  1. Fuel Transaction Benefits

  • There is a 1% fuel surcharge waiver at fuel stations across the country on transactions ranging from Rs. 400 to Rs. 5,000. 
  • Note: There are no reward points on fuel transactions.
  1. Redemption Options

  • The users can redeem reward points as cashback and other exciting options.
  1. EMI Options

  • The transactions over Rs. 2,500 on this credit card can be converted to easy EMIs.
  1. Add-On Credit Cards

  • The cardholder can get up to 3-lifetime free add-on cards for spouses, siblings, parents, or kids above 18.
  1. Zero Liability Over Lost Cards

  • The bank instantly ensures zero liability for fraudulent transactions when there is a reported loss or theft of the card.
  1. Revolving Credit Option

  • The users can pay a minimum amount due and finance spends according to the holder's convenience.
  1. Interest-Free Credit Facility

  • The cardholder can get up to 50 days of interest-free credit from the date of any purchase made. 

Fees and Charges Applicable on Bank of Baroda Premier Credit Card

The fees and charges applied over this Premier credit card are as follows:

 

Fee

Amount

Joining Charges

Rs. 1,000 

(On the spend of Rs. 10,000 on the card within 60 days of the card's set-up date for the joining fee reversal. The reversal of the fee will reflect on the 4th bill statement from the issue of the card, on which all due payments are made)

Annual Charges

Rs. 1,000

(There is a fee waiver on the spend over Rs. 1,20,000)

How to Apply for the BOB Premier Card

You can easily apply for the Premier Credit Card in two ways - online and offline, the steps of which are listed below.

a) Offline Method 

Step 1: Visit the nearest Bank of Baroda branch.

Step 2: At the help desk, ask for a credit card application form.

Step 3: Fill out the form with the required documents and submit it at the bank.

The bank will get back to you after processing your application.

b) Online Method

Step 1: Visit https://www.bobfinancial.com/premier-card.jsp

Step 2: Click on “Apply Now”.

Step 3: Fill the form with all your required details.

Step 4: E-sign your application form.

Step 5: Verify your KYC. 

Eligibility Criteria to Apply for BOB Premier Credit Card

The eligibility to apply for the Premier credit card offered by Bank of Baroda is as follows:

Age

18 to 65 years of age

Income

Salaried - Minimum Rs. 3 lakhs p.a. Self-employed - Minimum Rs. 25 lakhs p.a.

Documents Required to Apply

The essential documents required to apply for this credit card from the Bank of Baroda are as follows:

  1. ID Proof: PAN Card, Passport, Voter ID or Permanent DL
  2. Address Proof: Aadhaar, Voter ID, Passport, DL, Utility Bill or Tax Receipt
  3. Income Proof: For salaried - pay slip or bank statement; For self-employed - IT Returns receipt
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