BOB Premier Credit Card Review – Are you looking for a convenient and secure way to manage your finances? The BOB Premier Credit Card is a great option for those seeking a comprehensive credit card solution. This step-by-step guide will walk you through the process of applying for a BOB Premier Credit Card, from gathering the necessary documents to submitting your application. With this guide, you can be sure that you have all the information you need to make an informed decision about your financial future.
This card also offers a competitive interest rate, which can help you save money on your purchases. Additionally, there is no annual fee, so you won’t have to worry about paying extra for the card.
Table of Content
BOB Premier Credit Card Highlight Keys
| Features | Details |
|---|---|
| Joining Fee | Rs. 1,000 / Lifetime free card At Limited Period Offer |
| Annual Fee | Rs. 1,000 / Lifetime free card At Limited Period Offer |
| Renewal Fee | Rs. 1,000 / Lifetime free card At Limited Period Offer |
| Welcome Gift | Reversal/Waiver Fee on Spending of Rs. 10,000 on your card within the first 60 days |
| Reward Points | Earn 2 reward points for every Rs. 100 spent |
| Accelerated Reward Points | Earn 10X reward points on at on travel, dining and abroad |
| Fuel Surcharge Waiver | 1% fuel surcharge waiver on fuel transactions between Rs. 400 and Rs. 5,000 |
| Lounge Access | Complimentary access to select airport lounges in India |
| Concierge Service | 24×7 concierge service for travel bookings, restaurant reservations, and more |
| Insurance | it comes with Personal accident insurance cover of up |
| EMV Chip | Chip and PIN technology for enhanced security |
| Contactless Payment | Contactless payment feature for quick and convenient transactions |
| Global Acceptance | Widely accepted at merchant establishments and ATMs across India and abroad |
What Are The BOB Premier Credit Card Offers And Benefits
The BOB Premier Credit Card is a great choice for those looking for a rewards credit card with a range of benefits. This card offers generous rewards competitive interest rates and a range of other features that make it the choice for anyone looking to spend power. With this, you can earn rewards points on everyday purchases, access exclusive discounts, and enjoy a range of other benefits.
The Premier Credit Card offers a variety of rewards and benefits. With the card, you can earn up to 5X rewards on travel and dining. This includes purchases made at Travel, Dining, and Abroad (International spending). You can also earn 2 Reward Points for every Rs. 100 spent on other categories. Moreover, it also offers 1 Reward Point for every Rs. 100 spent on Select MCCs*. This cashback can be redeemed for statement credits, gift cards, and more.
It offers More features and benefits such as –
- Get the Benefit of a Complimentary Airport Lounge Visit every quarter
- 1% Fuel Surcharge Waiver
- Multiple redemption options to redeem your all earned rewards
- Easy EMI option
- Free Add-on card
- In-built insurance cover
- Zero liability on lost card
- 50 days of the interest-free period to repayment
- Revolving credit facility
The Eligibility Criteria For BOB Premier Credit Card
To be eligible for the BOB Premier Credit Card, you must be at least 18 years old and a resident of India. You must also have a good credit score and a steady income. Additionally, you must have a valid Indian address and phone number.
| Eligibility Criteria | Details |
|---|---|
| Age | Minimum 21 years and maximum 65 years |
| Income | Minimum gross annual income of Rs. 6 lakhs |
| Employment | Salaried or self-employed |
| Credit Score | Good credit score with no history of default |
| Residency | Must be a resident of India |
| Existing Relationship with Bank of Baroda | Preferred if the applicant has an existing relationship with the bank such as a savings account, fixed deposit, or loan |
How to Apply For BOB Premier Credit Card
To apply for the BOB Premier Credit Card, you must first be at least 18 years of age and a resident of India. You must also have a valid Indian passport or Aadhaar card. Additionally, you must have a good credit score and a steady source of income.
Step 1: Tap on Apply Now Button on Pricemint Website
Click on the “Apply Now” Button on IDFC Credit Card Page on Pricemint Website.
Step 2: Fill out the full Application form to process to the next step
Once you have all the necessary documents, you can begin the application process. You can apply online or by visiting a BOB branch. When applying online, you will need to provide your personal information, including your name, address, phone number, and email address. You will also need to provide your income information, such as your salary, investments, and other sources of income.
Step 3: Get Delivery of your credit card After Approval
Once you have submitted your application, BOB will review it and make a decision within a few days. If your application is approved, you will receive your card in the mail within 7-10 business days.
Once you have your card, you can begin using it right away. You can use it to make purchases, pay bills, and even transfer funds. The BOB Premier Credit Card also offers a generous rewards program, which allows you to earn points for every purchase you make. You can then redeem these points for cash back, gift cards, and more.
Alternatively, you can also apply for the BOB Premier Credit Card by visiting the nearest BOB Bank branch or by calling the bank’s customer care helpline.
The charges And Fees on The Card
There is an annual fee of Rs. 1,000 that is applicable for the BOB Premier Credit. This fee is applicable for the first year only and is non-refundable. However, it is available for a Lifetime Fee Credit card at a Limited Period Offer By the Bank of Baroda. Additionally, there is a renewal fee of Rs. 1,000 that is applicable every year. There are certain fees and charges associated with the BOB Premier Credit Card that you should be aware of before applying.
| Fees and Charges | Details |
|---|---|
| Joining Fee | Rs. 1,000 (one-time fee) |
| Annual Fee | Rs. 1,000 (charged annually from the second year onwards) |
| Renewal Fee | Rs. 1,000 (charged annually from the second year onwards) |
| Finance Charges on Revolving Credit | 2.5% per month (30% per annum) |
| Cash Withdrawal Fee | 2.5% of the amount withdrawn, subject to a minimum of Rs. 300 |
| Overlimit Fee | 2.5% of the over-limit amount, subject to a minimum of Rs. 500 |
| Late Payment Fee | – Rs. 100 (for an outstanding amount up to Rs. 2000), – Rs. 400 (for an outstanding amount between Rs. 2001 to Rs. 5,000), – Rs. 500 (for the outstanding amount above Rs. 5,000) |
| Card Replacement Fee | Rs. 200 |
| Foreign Currency Markup Fee | 3% of the transaction amount |
| GST | Goods and Services Tax (GST) will be applicable on all fees and charges as per prevailing rates |
Conclusion
The BOB Premier Credit Card is a great choice for those looking for a rewards card with no annual With a competitive rewards program wide range of benefits, and the ability to earn rewards on everyday purchases, this card is an excellent choice for anyone looking to maximize their rewards. With its flexible rewards structure, the BOB Premier Credit Card is a great way to get the most out of your spending.
Frequently Asked Questions
With the BOB Premier Credit Card, you can earn rewards points on everyday purchases, such as groceries, gas, and travel. Plus, you can enjoy exclusive benefits and discounts on select purchases. Rewards points can be redeemed for cash back, gift cards, travel rewards, and more.
No, there is no annual fee for the BOB Premier Credit Card. if you apply for the card at a limited-time period offer. However, it has Rs. 1000 annual charges per year.
You can contact customer service for the BOB Premier Credit Card by calling 1800-103-1006 / 1800-225-100 or by visiting the website.
Popular Credit Cards
| Credit Cards | Annual Fee | Rewards Program |
|---|---|---|
| BOB Easy Credit Card | Lifetime Free Card | – Earn 5 rewards for every Rs. 100 spent on Departmental stores, Movie spends |
| SBI Card Prime | Rs. 2,999 | Earn 20 Reward Points per Rs. 100 spent on standing instructions of utility bills |
| Flipkart Axis Bank Credit Card | Rs. 500 | The card offers 5% cashback on any purchase through Flipkart |
| Bajaj Finserv RBL Bank Supercard | Rs. 499 | Earn up to 20 reward points per Rs. 100 spent on all categories |
| IDFC First Classic Credit Card | No Annual Fee | 6X & 3X Reward Points on online & offline purchases respectively for spends up to ₹20,000 per month |
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