BOB Financials is among the top credit card providers in India. It offers various credit cards; among them is Bank of Baroda Select Credit Card- one of the most suited cards for the lifestyle of every individual. The card provides you with all the benefits like cashback and fuel surcharge waiver. This card is a one stop solution for all your shopping needs at a reasonable fee.
Features and Benefits of Bank of Baroda Select Credit Card
Instant EMI– Cardholders can convert the purchase of Rs. 2,500 and above into easy EMIs of 6 to 12 months.
Multiple Redemption Options– Earned reward points can be redeemed as cashback and other available option.
Cash on Card Repayment– On paying the card bill in your next statement get 0.5% of the bill payment.
Fuel Surcharge Waiver– At all fuel stations in India, the cardholder will get the waiver of fuel surcharge for the transactions between Rs. 400 to Rs. 5,000.
Reward on Daily Expenses– On every spend of Rs. 100 at departmental stores, movies and grocery, you can earn 5x reward points.
Annual Fee Waiver– Get reversal or waiver of annual fee on spending Rs. 7,500 in 6 months and Rs. 70,000 in a year.
Add on Card– With Bank of Baroda Easy Credit Card, you can get 3 lifetime-free add-on cards for your parents, siblings, spouse or others.
Fee and Charges of Bank of Baroda Select Credit Card
|Joining Fee||Rs. 750|
|Annual Fee||Rs. 750|
|Add-on Fee (per annum)||Nil ( Maximum up to 3 add on cards can be issued)|
|Free Credit Period||20 to 50 days|
|Card Replacement Charges||Rs. 100 per card|
|Overlimit Charges||1% over and above the sanctioned credit limit per month.|
|Late Payment Fee||• Nil for total amount up to Rs. 500.
• Rs. 300 for total amount due greater than Rs. 501 and up to Rs. 2,500.
Rs. 500 for total amount due greater than Rs.2,500.
|Foreign Currency Transaction Fee||2.75% of the transaction amount|
|Goods and Services Tax (GST)||GST is levied on all taxable supplies.|
Bank of Baroda Select Credit Card Eligibility Criteria
An applicant must fulfil the following eligibility criteria for this credit card-
- He/she must be more than 18 years and less than 65 years old.
- He/she must be self-employed or salaried.
- He/she should have a Minimum Gross Salary (Annual) or Annual Income of Rs. 25,000.
- He/she must furnish supporting documents such as self-attested copies of income proof, identity proofs, residence proof, PAN card along with a photograph.
- Proof of income like salary slip, bank statement, etc. will also be required.