Bank of Baroda Easy Credit Card is a secured credit card that can be issued against a fixed deposit amount of just Rs. 15,000 or more. The card rewards purchases in the form of cashback and provides other benefits, details of which are given below.
Key Highlights of Bank of Baroda Prime Credit Card
Bank of Baroda Prime Credit Card – Features & Benefits
Guaranteed Issuance – Avail credit card against a fixed deposit amount of minimum Rs. 15,000.
Rewards Program – 4 reward points, worth Re. 1 per Rs. 100 spent. Thus earn 1% cashback on all spends.
Lifetime free Card – No joining or annual fee.
Fuel Surcharge Waiver – No fuel surcharge, up to Rs. 250 p.m., on fuel spends between Rs. 400 & Rs. 5,000.
EMI Option – Convert purchases made over Rs. 2,500 on the card into EMIs of 6 to 12 months long.
Free Add-on Cards – 3 free add-on cards for immediate family members who are over 18 years old.
Interest-Free Period – Up to 50 days of interest-free period on purchases is provided.
Bank of Baroda Prime Credit Card – Fees & Charges
|Type of Fees or Charge||Amount|
|First Year Fee||Nil|
|Cash Withdrawal Charges||2.5% / Min. Rs. 500|
|Finance Charge||3.25% p.m. | 39% p.a.|
|Cheque Return Charges||Min. Rs. 300 | 2% of the amount|
|Foreign Currency Transaction Fee||3.50% of the transaction amount|
|Unblocking Charge||₹ 300|
|Late Payment Charges||Amount less than Rs. 100 – Nil|
Amount between Rs. 100 and Rs. 500 – Rs. 100
Amount between Rs. 501 and Rs. 1,000 – Rs. 400
Amount between Rs. 1001 and Rs. 10,000 – Rs. 600
Amount between Rs. 10,001 and Rs. 25,000 – Rs. 800
Amount Greater than Rs. 25,000 – Rs. 950
Suggested Read: Common fees & Charges you should know about
Bank of Baroda Prime Credit Card – Eligibility Criteria
The eligibility criteria for Bank of Baroda Prime Credit Card are:
|Occupation||Available to both Salaried and Self-employed|
Documents Required for Bank of Baroda Prime Credit Card
To check the information provided by you in the application form the bank will ask for any one document from the given categories. Submit self-attested photocopies of these documents.
|Identity Proof||Passport, PAN Card, Aadhaar Card, Voter’s ID Card, Driving Licence, Photo Credit Card, Central and State Govt. issued Photo ID Proof, Defence ID Card, etc.|
|Residence Proof||Aadhaar Card, Ration Card, Passport, Bank Account Statement, Voter’s ID Card, Letter from any recognized public authority, Telephone Bill, Electricity Bill, Water Bill (not more|
How to Apply for Bank of Baroda Prime Credit Card
Bank of Baroda prime Credit Card is currently not being provided by Paisabazaar. You may, however, check your eligibility for other credit cards that will better suit your spending patterns. Click here to find the list of eligible credit cards.
You may apply for Bank of Baroda Easy Credit Card by visiting their nearest branch.
Cards Similar to Bank of Baroda Prime Credit Card
|Credit Cards||Annual Fee||Comparative Feature|
|Axis Bank Insta Easy Credit Card||Nil||Earn up to 12 Reward Point per Rs. 200 spent|
|ICICI Bank Coral Credit Card Against Fixed Deposit||Rs. 500||Earn up to 2 PAYBACK Points per Rs. 100 spent|
|ICICI Instant Platinum Credit Card||Nil||Earn up to 2 PAYBACK Points per Rs. 100 spent|
Cards Similar to Bank of Baroda Prime Credit Card – FAQs
I have low credit score can I still get a Bank of Baroda Prime Credit Card?
Yes, you can still apply for and avail Bank of Baroda Prime Credit Card. Since this is a secured credit card, therefore, you do not require a good credit score or history. In fact you can use the card to build or improve your credit score.
What happens to the Fixed Deposit amount after a credit card has been issued against it?
The Fixed Deposit amount is a security against which the card is issued. You will earn interest on the deposited amount as long as you keep paying the full due amount. However, if you default on the payments then the bank will dissolve the Fixed Deposit account to retrieve the principal amount and interest.
What is Bank of Baroda Credit Card Customer Care Number?
The Bank of Baroda Credit Card Customer Care number is 1800 223 224.
I do not have a source of income can I avail Bank of Baroda Prime Credit Card?
Yes, as long as you can open a Fixed Deposit account of Rs. 15,000 or more then you can avail this credit card.
How will the credit limit be decided?
Your credit limit will be decided on the basis of your Fixed Deposit amount. You may get up to 80% of the fixed deposit amount as credit limit.