Bank of India SwaDhan Rupay Platinum Credit Card

The various features and benefits of the credit card are:

Welcome Benefits – Receive gift vouchers that can be used at various merchants.

Cash Back Offers – Get cashback offers on Utility bill payments, Eateries, and partner merchants.

Acceptance – The card can be used around the world including Nepal.

Security – The card comes with a chip and requires a PIN to complete a transaction at a Point of Sale (POS) terminal.

Billing Cycle – Statement will be generated on 15^th of each month. The due date is 5^th of the next month.

Bank of India SwaDhan Rupay Platinum Credit Card
Good For: People who want a secured credit card Customers who want exclusive deals and offers People who want global card acceptance	Bad For: Customers who want to earn cashback Customers who want travel benefits Customers who want lots of variety in the reward catalogue

Category	Amount
Finance Charges	If Min. Amount Due is Paid – 1.70% pm If Min. Amount Due isn’t Paid – 2.50% pm
Cash Advance Charges	At Branch – 2.50% / Min. Rs. 50 At BOI ATMs – 2.00% / Min. Rs. 50 At other ATMs – 2.50% / Min. Rs. 75
Balance Enquiry Charges	At BOI ATMs – Nil At other ATMs – Rs. 20
PIN Replacement Fee	Rs. 50
Usage Over Spending Limit	Rs. 10 per transaction
Replacement Charges	Rs. 200

The eligibility criteria for the credit card are:

• Card is issued against a Fixed Deposit Receipt (FDR). So customers will have to open a Fixed Deposit account with the bank
• Indian citizens only can apply
• Age of the applicant must be between 21 and 65 years

Do note the bank mandates submission of certain documents like PAN card / Form-60, Aadhaar card, or any other document that it requires. Failure of submission will result in cancellation. The documents serve as proof for customer’s income, address, and identity.

To get the Bank of India SwaDhan Rupay Platinum Credit Card simply visit the nearest Bank of India branch. At the bank contact an official who will help you with the application process. Submit the documents that the officer asks for and wait while the bank verifies the application. Upon successful verification the bank will dispatch the credit card.

What is the minimum fixed deposit amount that I need in order to get SwaDhan Rupay Platinum Credit Card?
The fixed deposit amount varies from case to case and city to city. The minimum amount will be shared at the time of application.

I cannot get an unsecured credit card can I apply for this secured credit card?
Unsecured credit cards are usually given to those customers that have a good credit score. So people with low credit score can apply for a secured credit card like SwaDhan Rupay Platinum Credit Card. Since this credit card is given against a fixed deposit the bank bears minimal risk and extends the card to those that have a low credit score.

Who can apply for BoI SwaDhan Rupay Platinum Credit Card?
Indian citizens that are over the age of 21 but below 65 years can apply for this credit card. Do note that customers will have to open a fixed deposit account with bank in order to get this credit card.

Can I use this credit card at an overseas ATM?
Yes, you can use the card to withdraw cash when overseas. However, foreign transaction mark-up fee and cash withdrawal fee will be levied.

Does Bank of India charge a PIN Replacement fee?
Yes, the PIN replacement fee is Rs. 50.