In these unprecedented times, having a reliable credit card on hand is essential. Apart from providing cardholders with fast and easy access to funds, it also gives individuals the chance to gain more from these financial products.
People looking for credit cards would certainly do well in considering some of the best Bank of Baroda cards. Bank of Baroda provides a comprehensive and competitive selection of cards designed to complement any lifestyle.
For those keen on enjoying such benefits, make sure to check out what Bank of Baroda has to offer and how you can apply for these BoB cards today. Read on to learn more about these cards.
Easy Credit Card
Powered by Visa, the Easy Credit Card remains true to its name by making life easier with its reward-giving benefits. Under this card, individuals can enjoy five times the rewards points for every Rs. 100 spent on groceries, department stores, and movies.
Apart from the 5 rewards points, cardmembers can also get 1 rewards point for every Rs. 100 spent on all other categories. This card also comes with a 0.5% cashback on card bill payments.
You can also get an annual fee waiver if you spend Rs. 6,000 within 60 days of account opening or Rs. 35,000 in a year.
Select Credit Card
The Select Credit Card, on the other hand, also bears similarities to the one above. However, apart from the 5 Rewards Points for every Rs. 100 spent on utility bills, dining, and online spending, users can also get 1 Rewards Point for every Rs. 100 spent on other qualifying categories.
Moreover, cardmembers can also enjoy bonus rewards every month. For every five transactions of more than Rs. 1,000 per month, individuals are entitled to 1,000 rewards points.
This also comes with a reversal or waiver of annual fees, provided you spend Rs. 7,500 within 60 days of account opening this Mastercard product or spend Rs. 70,000 for the year.
Prime Credit Card
Last but certainly not least is the Prime Credit Card. Powered by Mastercard, this Bank of Baroda offering provides cardholders with a guaranteed issuance against FD of 15,000 or more without requiring any proof of income.
Likewise, this card also boasts of 1% cashback on all your spending, allowing you to maximize its returns. This gives users the chance to earn 4 Rewards Points for every Rs. 100 spent. In staying true to its claims, this card also comes with no annual fee for the first year.
How to Apply for BoB Cards
Application for these credit cards can be coursed through the Bank of Baroda website by simply filling out the application form online. In filling out the form, you will be required to provide your annual income and your profession to qualify for their product offerings.
Only individuals aged 18 to 65 years old will be allowed to apply. Only individuals with Rs. 300,000 income per annum will be considered for the Easy Credit Card.
Meanwhile, an Rs. 480,000 annual income is required for those applying for the Select Credit Card and those interested in the Prime Credit Card should have at least Rs. 720,000 per year.
In addition to disclosing your financial and employment information, you will also be required to give your address and full legal name. The bank may ask for documents such as your bank statements, latest payslips, and other files as proof of your creditworthiness.
Interest Rates and Fees
The Bank of Baroda has great credit card options that allow users to reap lots of rewards. Make sure to consider the rates and fees of these credit cards, which are listed below.
- Annual Fee
- Easy Credit Card – Rs. 500
- Select Credit Card – Rs. 750
- Prime Credit Card – NIL
- First Year Fee
- Easy Credit Card – Rs. 500
- Select Credit Card – Rs. 750
- Prime Credit Card – NIL
- Interest Rate – 3.25% per month (39% APR)
- Late Payment Charge – Rs. 100 to Rs. 750 depending on the outstanding amount
- Currency Conversion charge – 3.50%
Contact Info
For more information, you may call 1 (212) 578-4550. You can also visit the Bank of Baroda at their head office located at Baroda Bhavan, R C Dutt Road, Alkapuri, Baroda – 390007.
The Bottom Line
Are you interested in getting one of these BoB cards? With its wealth of rewards and offerings, you can earn more each time you spend.
Note: There are risks involved when applying for and using a credit card. Please see the bank’s terms and conditions page for more information.
