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Credit Card

The Bank of Maharashtra credit cards offer simpler and smarter solutions to all daily financial needs of an individual along with the power to save while you earn. One may use their Bank of Maharashtra credit card for all their needs ranging from shopping to dining and holidaying to fuelling up. The Shop & Smile reward Program of Bank of Maharashtra credit cards offer rewards points against every single penny spend and reward points on your credit card can be redeemed against either the outstanding balance or any gifts from the rewards catalogue. The other special features of Bank of Maharashtra credit cards are:  

  • Earn 1 Reward Point for every Rs. 100 spent on Bank of Maharashtra credit cards.
  • Accelerated reward points to offer 2.5% of Value Back on departmental store and grocery purchases using Bank of Maharashtra credit cards.
  • Waiver of 2.5% fuel surcharge for fuel purchase done using the Bank of Maharashtra cards.
  • Bank of Maharashtra cards offers online facility to view Card account summary, Hotlist lost or stolen credit cards or Request for duplicate credit card statement of their Bank of Maharashtra credit card
  • Other value add services in bank of Maharashtra credit cards includes balance transfer option , FLEXIPAY option to convert credit card outstanding into EMIs, pay Bank of Maharashtra credit card bills using 6 different options.
     
  • State of the art online facilities to check the Bank of Maharashtra credit cards eligibility, choose a Bank of Maharashtra card as per requirement, and apply for a Bank of Maharashtra credit card.
     
  • Bank of Maharashtra credit cards insurance cover protects the card holder from any liability due to fraudulent transactions

The two types of credit cards offered by Bank of Maharashtra are:

  1. Bank of Maharashtra Gold card. 

This bank of Maharashtra credit card comes with a onetime fee of Rs. 499.

The annual fees of Rs. 499 are waived off in case the Bank of Maharashtra credit cardholders spends more than Rs. 75,000 in the previous year. There is no Add-on fee as well for Bank of Maharashtra cards

Other Features of Bank of Maharashtra Gold card

  1. Reward Points:-
  • After spending Rs. 100 using this card, customers can earn 1 reward point.
  • The earned reward point could be used to redeem against gifts or to pay outstanding balance of the gold credit cards offered by Bank of Maharashtra.
  1. Wide acceptability
  • Bank of Maharashtra gold card can be used at over 3, 25,000 outlets in India and in more than 24 million outlets in the world.
  • This card can be used at any outlets which accept MasterCard or Visa card to make payment.
  • Within 30 days of receiving the card, customers can get cash back of Rs. 100 on first ATM cash withdrawal.
  • This card also provides facility of add on card of family members who are more than 18 years of age.
  • Cash withdrawal can be done from 1 million Visa ATMs around the world.
  1. Utility Bill Payment Facility:-
  • The Gold credit cards offered by Bank of Maharashtra makes life simpler for the card holder through Easy Bill Pay facility mobile, telephone, electricity and other utility bills payments. Fast Pay, Auto Pay and Register Pay option is available.
  1. Railway Tickets Booking:-
  • Railway tickets can be booked online and delivered using this card. In order to do that, customer needs to visit the IRCTC website and get registered, log in using his/her username and password, needs to follow instructions on the website and then using the SBI credit card, payment need to be made.  
  1. Balance Transfer on EMI:-

Customers can save money by transferring his outstanding credit card balances of another bank to Bank of Maharashtra gold credit card and get lower interest rate. The gross outstanding shall be merged with the Bank of Maharashtra credit card bills and later on paid in between 3 and 6 months. If the outstanding balance from a Visa Credit Card is transferred, it will take 3 working days to complete the transfer of the amount. In case, the other bank card is not Visa, then customer will get a cheque of the particular amount within 5 working days. A penalty of 3% of the outstanding balance will be charged if the balance transfer facility is closed before the tenure completion.

  1. Online facilities

State of the art online facilities to check the Bank of Maharashtra credit cards eligibility, choose a Bank of Maharashtra card as per requirement, and apply for a Bank of Maharashtra credit card and later on access the credit card account online. In order to get this benefit, customer needs to log on to sbi website using the username and password for their card account and register their Bank of Maharashtra credit card with their account.  

  1. Easy Money:-

Against the cash limit on Bank of Maharashtra credit card, a cheque or draft can be received and delivered to home using Easy Money facility. For booking Easy Money, customer needs to login to sbi card website & register their Bank of Maharashtra credit card.

  1. Flexipay:-

Flexi pay is a facility offered on register their bank of Maharashtra credit card wherein transactions can be converted into monthly installments. It could be paid in a period of 6, 9, 12 and 24 months. At first, a purchase of Rs 2,500 or more is to be made using this card in order to get the EMI conversion offer from the bank. Within 30 days of purchase, customer needs to visit the online banking website of SBI in order to convert a big-ticket purchase to flexipay.

  1. SBI Card Drop Box Locator:-

The customer can get information regarding nearby drop boxes by sending an SMS to the customer service number provided by Bank of Maharashtra. The card holder can dop a cheque within the due date to make the required payment.

  1. Extended Credit:-

In case the outstanding balance of previous months for Bank of Maharashtra credit cards are already paid, then there is an interest free period of 20 to 25 days for retail purchases.

  1. Insurance Cover

The Bank of Maharashtra credit card insurance scheme ensures cover against any adverse liability in case of fraud on the Bank of Maharashtra credit card.

Charges & Fees for Bank of Maharashtra credit card

  1. Fee: -

From the date of withdrawal, 3.35% per month is the finance charge amounting to 40.2% per annum.

In domestic ATMs, cash advance fee is 2.5% of withdrawal amount or INR 300 per transaction, whichever is higher. For international ATMs, it is 3% of the withdrawal amount or INR 300, whichever is higher.

  1. Other Charges related to Bank of Maharashtra Credit Card:-
  1. Rs.  100 for card replacement.
  2. Rs.  99 for reward redemption fee of rewards.
  3. Rs. 100 for Cash OTC fee, actual cost of card with a minimum of Rs.175 in case of emergency card replacement outside India. 
  4. In case of cheque bounce, 2% of the cheque dishonor amount (min-INR 350 and max-INR 500). For over limit, 2.5% of the over limit amount (minimum of INR 350) needs to be paid
  5. Rs. 225 per charge slip for charge slip retrieval and Rs. 100 for statement retrieval need to be paid accordingly.
  6. For foreign currency transaction, 3.5% is the conversion mark.
  1. Late payment charges:
  • For amount due from Rs 0 to Rs 200, cardholder doesn’t need to pay.
  • For amount due more than Rs. 200 and up to Rs. 500, Rs.100 needs to be paid.
  • For amount due more than Rs. 500 and up to Rs. 1,000, Rs. 200 needs to be paid.
  • For amount due more than Rs. 1,000 to and up to Rs. 10,000, Rs. 500 needs to be paid.
  • For amount due more than Rs. 10,000, Rs. 750 needs to be paid.
  1. Surcharge:-

If customer purchases railway ticket at counter using SBI Gold credit card, then the surcharge applicable is Rs. 30 plus 2.5% of the transaction amount and if he purchases his ticket online, then the surcharge will be 1.8% of the transaction amount with service charge.

If customer purchases fuels or other products available at petrol pumps, then, for each transaction between Rs. 500 and Rs. 3,000, he will get a surcharge waiver of 2.5% exclusive of GST. 

Note: -   

  • Only local cheques are accepted for receiving payment.
  • On fees, charges and interest, service charges are applicable.

Bank of Maharashtra platinum card

The key features of Bank of Maharashtra platinum credit card are

  • Bank of Maharashtra Platinum Credit Card is an elite class credit card offered to enhance every congenial experience in life.
     
  • Welcome Gift & Anniversary Gift worth Rs. 3,000 from any one of the VISA retail Partners on the bank of Maharashtra credit card.
     
  • The platinum Bank of Maharashtra cards offers Spend Rewards as 1 Free Domestic One Way Air Ticket from Indigo Airlines or Gift Voucher worth Rs. 3,000
  • Complimentary membership airport lounge access program with over 600 airport lounges worldwide for Bank of Maharashtra credit cardholders.
     
  • Bank of Maharashtra platinum card can be used in 2, 85,000 outlets in India and in more than 2 million outlets in the world.
     
  • Bank of Maharashtra credit cards insurance cover to protect the card holder from any financial loss or liabilities.

Other Features of Bank of Maharashtra platinum card

Easy Money:-

  • Against the cash limit, a cheque or draft can be received and delivered to home using Easy Money facility. For booking Easy Money, customer needs to login to the card issuer website.

Flexipay:-

  • Flexipay is a facility wherein transactions can be converted into 3 monthly installments. It could be paid in a period of 6, 9, 12 and 24 months. At first, a purchase of Rs 2,500 or more needs to be made using this card. Within 30 days of purchase, customer needs to visit sbi website and then convert it into flexipay.

Railway Tickets Booking:-

  • Railway tickets can be booked online and delivered using this card. In order to do that, customer needs to visit irctc.co.in and get registered, log in using his/her username and password, needs to follow instructions on the website and then using the SBI credit card, payment need to be made.                

Utility Bill Payment Facility:-

  • With the help of Easy Bill Pay facility mobile, telephone, electricity and other utility bills can be paid. Fast Pay, Auto Pay and Register Pay option is available.

Extended Credit:-

  • If outstanding balance of previous months is already paid, then there is a interest free period of 20 to 25 days. It is only for retail purchases.

Online facilities

State of the art online facilities to check the Bank of Maharashtra credit cards eligibility, choose a Bank of Maharashtra card as per your requirement, and apply for a Bank of Maharashtra credit card through Paisabazaar. In order to get this benefit, customer needs to log on to the card issuer website using the username and password and register their bank of Maharashtra credit card.

Bank of Maharashtra credit card fees – Platinum card

There is a onetime fee of Rs. 2,999 needs to be paid by the customer annually for this card. However, in the previous year, if total purchases made by the customer are more than INR 2 lakhs, he will get vouchers of INR 3,000 as renewal gift.
 

Minimum amount due- For purchases minimum amount due could be 5% of total outstanding balance as per most recent statement.
 

Cash Advance Limit - Up to 80% of credit limit. Customer can withdraw maximum Rs. 15,000 per day.
 

Finance Charges- Customer needs to pay a finance charge up to 3.35% per month.
 

Cash Advance Fee: - From the date of withdrawal, 3.35% per month is the finance charge amounting to 40.2% per annum.   In domestic ATMs, cash advance fee is 2.5% of withdrawal amount or INR 300 per transaction, whichever is higher. For international ATMs, conversion mark is 3.5%.
 

Other Charges related to this card:-

  1.  Rs. 90 for cheque book.
  2. Rs.  100 for card replacement.
  3. Rs.  99 for reward redemption fee.
  4. Rs.  100 for Cash OTC fee, actual cost of card with a minimum of $175 in case of    emergency card replacement outside India. 
  5. In case of cheque bounce, 2% of the cheque dishonor amount (min-Rs. 350 and max-INR 500) is charged by Bank of Maharashtra in every instance. For over limit, 2.5% of the over limit amount (minimum of Rs. 350) needs to be paid to the card issuer.
  6. Rs. 225 per charge slip for charge slip retrieval and Rs. 100 for each statement retrieval needs to be paid accordingly.
  7. For foreign currency transaction, 3.5% is the conversion amount is charged as mark-up.

Surcharge:-

If customer purchases railway ticket at counter using SBI Platinum credit card, then the surcharge applicable is INR 30 plus 2.5% of the transaction amount and if he purchases his ticket online, then the surcharge will be 1.8% of the transaction amount with additional service charge.

If customer purchases fuels or other products available at petrol pumps, then, for each transaction between Rs. 500 and Rs. 4,000, he will get a surcharge waiver of 2.5% exclusive of GST. 

  • Only local cheques are accepted for receiving payment.
  • On fees, charges and interest, service charges are applicable.
  • These vouchers cane be redeemed at Shopper Stop, Lifestyle, Jabong and Raymonds outlets.
  • Customers can also get access to over 300 golf courses across the globe. 30% discount on the green fee is available as well. Moreover, cash can be withdrawn from more than 1 million Visa ATMs across the world.  This card also provides facility of add on card of family members who are more than 18 years of age.

Balance Transfer on EMI for Bank of Maharashtra platinum card

  • Customers can save money by transferring his credit card balances of another bank to Bank of Maharashtra platinum card and get lower interest rate. It could then be paid in between 3 and 6 months. To do this, he needs to transfer the balances of all the other cards onto his SBI-Bank of Maharashtra Card. If the outstanding balance from a Visa Credit Card is transferred, it will take 3 working days to complete the transfer of the amount. It could then be paid in between 3 and 6 months.  In case, the other bank card is not Visa, then customer will get a cheque of the particular amount within 5 working days.
  • In order to get this benefit, customer needs to log on to the sbi card website using the username and password and register their Bank of Maharashtra platinum card.

How to apply for Bank of Maharashtra credit cards

  • Interested applicant can apply for a credit card offered by Bank of Maharashtra online by visiting the paisabazaar.com website. 
  • Select the BOM credit card of your choice from the list of cards available online.
  • The page would redirect automatically to the BOM credit card section on the SBI webpage.
  • Applicants can check the necessary Bank of Maharashtra credit cards documents & other BOM credit card details and select the variant of Credit card from Bank of Maharashtra they want to apply. The application can be tracked online as well using the unique identification number.
Bank of Maharashtra Credit Card
(3/5 ) 1 Review
Credit CardCredit Card
3/5

Few benefits on the card

They provide very good services and the bank professionals are very prompt. I am using a credit card from this bank which has cash withdrawal facility and travel insurance cover. But, I feel that the bank should provide more benefits with its credit cards.

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Posted on: Jan 18 , 2017
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