Bank of India (BOI) Credit Card – Features, Benefits, Eligibility & How to Apply

Some of the popular BOI credit cards are mentioned below:

BOI Visa Gold International Credit Card

This is a regular credit card by Bank of India and comes with all features associated with a Visa Gold Card like:

Worldwide Acceptance- The card is accepted worldwide at all Visa merchant outlets.

Visa Offers- Enjoy retail, dining and travel offers by Visa

Emergency Replacement- In case of card loss anywhere around the world, you can avail the emergency card replacement service from Visa.

Secure Payments- The card uses PIN & Chip technology to secure Point of Sale transactions.

Cash Withdrawal- Up to Rs. 15,000 can be withdrawn in a day using this Canara Bank Credit Card.

Apply for the Best Selling Credit Cards in India

• Get airport lounge benefits
• Discounts on Top e-retailer sites like Amazon & Flipkart
• No-cost EMIs and much more

BOI Visa Platinum International Credit Card

This is a chip and PIN enabled credit card powered by Visa and offers the following benefits.  The card may entail an annual fee which will be communicated at the time of sourcing.

Global Acceptance- This card can be used in any part of the world where Visa is accepted.

Secure Payments– The card supports Chip & Pin technology ensuring safe payments.

Cash Limit- The maximum cash withdrawal limit is 50% of the total credit limit. Maximum cash withdrawal in a day is capped at Rs. 50,000.

Billing Cycle- 1st of the month to the last date of the month will be the billing cycle and the bill is due of 21st of the succeeding month

BOI RuPay Platinum Credit Card

This RuPay powered credit card is chip-enabled and comes with the following features:

Globally Accepted- This is an internationally accepted credit card by Bank of India.

Welcome Vouchers- Exclusive gift vouchers from leading merchants is offered as welcome benefit.

Billing Cycle- The statement date is 15th of every month and payment due date is 5th of the next month

Concierge Service- Travel and hotel reservation assistance is offered along with other benefits under the Concierge Service by the bank

Benefits with Partner Merchants– Users will get cash back on dining, utility bill payment along with exclusive offers from some merchant establishments. Exclusive offers on RuPay credit cards can also be availed by the users.

Insurance Cover- Card holders will also get insurance cover of up to Rs. 2 Lakh on accidental death and permanent disability.

Also Read: BOI RuPay Select Credit Card

BOI SwaDhan RuPay Platinum Credit Card

This Bank of India credit card is issued against Term Deposits/Fixed Deposits. Some of the features are:

Secure Usage- This is a chip-enabled credit card ensuring secure payments. It would also require PIN for POS transactions.

International Acceptance- This card is globally accepted at RuPay Partner merchant establishments.

Billing Cycle- The statement date is 15th of every month and 5th of the next month will be the payment due date.

Welcome Vouchers- Exclusive gift vouchers can be availed as welcome gift from some of the leading merchants.

Suggested Read: Best RuPay Credit Cards in India

Bank of India also offers financial solutions to rural customers in many forms. Card facilities for rural population include:

Kisan Credit Cards are different from regular credit cards and are designed for people Employed in Agriculture and Allied Activities.

Bank of India Kisan Credit Card

The Kisan Credit Card Scheme aims at offering financial support to farmers who are in need of immediate funds for farming as well as non-farm activities. A credit card-cum-passbook is offered to the customers and it needs to be produced at the time of account operation. Collateral may be needed as per the amount withdrawn.

BOI Kisan Shatabdi Krishi Vikas Card

Farmers who have agriculture loan account with Bank of India can also get this credit facility for farm as well as non-farm needs. A maximum of Rs. 50,000 can be sanctioned under this scheme under which 30% will be the cash limit subject to a maximum withdrawal of Rs. 10,000 per day.

Kisan Samadhan Card

This is a ‘line of credit’ offered to farmers through which they can meet their short-term and long-term needs for a maximum term of 5 years with the facility of revolving credit. Two facilities must be availed by the farmers under this scheme- production credit and investment credit. Production credit can be used to meet the needs of crop production or short-term requirements like equipment maintenance and allied activities. It can also be used for domestic consumption needs. Investment credit, on the other hand, is taken for investing in farm development or expansion or for the purchase of new machinery. Loan for off-farm activities can also be taken.

Star Bhumiheen Kisan Card

Through this program, Bank of India provides production and consumption credit to farmers who do not hold land of their own. This may include tenant croppers, share croppers or lessees. Just like a Kisan Credit Card, a credit card-cum-passbook is issued to the user which would contain important details about the borrower and has to be produced at the time of account operation.

Bank of India has set certain criteria which applicants must meet in order to get approved for the credit cards. Though this eligibility criteria may vary for each card, some general conditions are as follows: 

• Minimum Age: 18 years
• Nationality: Indian resident or a Non-resident India (NRI)
• Occupation: Salaried or Self-employed
• Income: Steady income source verifiable through ITR and/or salary certificates

Documents Required

The applicants are required to submit relevant documents to complete the credit card application process, some which are mentioned below:

• Proof of Identity: PAN Card, Aadhaar card, Driver’s License, Passport, Voter’s ID, Overseas Citizen of India Card, Person of Indian Origin Card, Job card issued by NREGA, Letters issued by the UIDAI
• Proof of Address: Aadhaar card, Driver’s License, Passport, Utility Bill not more than 3 months old, Ration Card, Property Registration Document, Person of Indian Origin Card, Job card issued by NREGA, Bank Account Statement
• Proof of Income: Latest one or 2 salary slip (not more than 3 months old), Latest Form 16, Last 3 months’ bank statement

To apply for Bank of India credit card, applicants can visit the nearest branch of the bank and ask for a branch official to guide them in the process. They will have to fill a form and furnish any of the above documents or as requested by the bank officials. The bank will review the same and dispatch the credit card if satisfied. The card should reach the customer within 7 working days.

Customers can get in touch with the bank by calling on the toll-free helpline number, 1800 220 088.

Are supplementary cards available with Bank of India Credit Cards?
Yes, you can apply for supplementary or add-on cards with your principal Bank of India Credit Card. However, these add-on cards may come with their separate annual charges.

What is the procedure to obtain a Corporate Card?
To obtain a BOI Corporate card, the company or firm must submit a Board resolution stating to whom the card has to be issued with name and position, average spending limit that has to be given with limit break-up for each card thus issued and the undertaking to debit company’s account instead of an individual one for card usage. In addition to this, if the card is for a company, and not a firm, you should also mention the total number of cards to be issued with an overall spending limit, claim of earning net profit in the last 2 financial years and the average spending limit must be within 20% of the net profit.

Does a BOI credit card have lounge access?
Yes, BOI credit cards, like RuPay Select and RuPay Bharat offer both domestic and international airport lounge access to the cardholders.

Suggested Read: Best Credit Cards with Airport Lounge Access

How much CIBIL score do I need for a Bank of India credit card?
Generally, a healthy CIBIL score of 740 and above is preferred while checking the eligibility for a credit card. Bank of India may also require that the applicant has not defaulted on the past due payments. 

What is the value of Bank of India credit card reward points?
If the accrued credit card reward points are adjusted towards the payment of Bank of India credit card renewal fee, then the redemption value of each point will be Rs. 1, but the balance points after the fee payment will be credited to the credit card account, where 1 reward point will hold the value of Rs. 0.50.

Which is the best credit card offered by Bank of India?
Bank of India offers multiple credit cards to fit the needs of different customer segments. As per your needs and spending patterns, you can find a card that best fits your requirements. For instance, if you frequently travel abroad, you can get the BOI Visa Gold International Credit Card or the BOI Visa Platinum International Credit Card. Similarly, if you are looking for a secured credit card against your fixed deposit, you can opt for BOI SwaDhan RuPay Platinum Credit Card.

Who is eligible for a BOI credit card?
Any individual who is not a minor and is an Indian origin Resident, NRI or a person of foreign origin residing in India on employment is eligible to apply for a Bank of India credit card. The applicant should also ensure that they have a high CIBIL credit score without any past payment defaults and have a steady income with relevant proof.

What is the limit of a BOI credit card?
The credit limit assigned to your Bank of India credit card is dependent on your income, credit score, credit history and the bank’s internal policies. So, there is no definite credit limit value that is offered with any of the BOI credit cards. The cardholders can spend up to their assigned credit card limits to make purchases during a statement cycle.

What is the minimum salary required to be eligible for a Bank of India credit card?
The bank has not specified the minimum salary required to be eligible for Bank of India credit cards, however the applicant must have a steady source of income that can be verified through Income Tax Returns (ITRs).

How to apply for Bank of India Credit Card?
You can apply for BOI Credit Card by visiting any of the nearest branches of the bank and submitting a duly-filled application form.

What are the possible online payment options for Bank of India Credit Cards?
Customers can pay their credit card bills via NEFT, NACH as well as net banking.

Are Bank of India Credit Cards globally accepted?
Yes, Bank of India credit cards are globally accepted.

How can I apply for EMIs on Bank of India credit cards?
Customers can convert transactions of Rs. 5,000 or more into EMIs within 20 days of the purchase. The request must be made to the card department via a Bank of India branch.

Can I withdraw cash from ATMs using BOI credit cards?
Yes, you can withdraw cash using a Bank of India credit card.

Can I use my Bank of India Credit Card for E-Commerce transactions?
Yes, the steps to do the same are:

• Register your credit card at Bank of India’s web site by first logging into the Net banking portal
• Go to Cards
• Select the type of credit card you have
• Click on Registration
• Give required information
• Create a Password

You can now commence e-transactions on your BOI credit card.

How to close Bank of India credit card?
You can contact Bank of India credit card customer care toll-free number 1800 220 088 or  on 02240426005 or 02240426006 for assistance.