Bank of Baroda Credit Card | Advantages | CIBIL Score | By Paisainvests
Table of Contents
Credit cards have become an essential financial tool for individuals seeking convenience, rewards, and flexibility in managing their expenses. Among the many banking institutions offering credit cards, Bank of Baroda (BoB) stands out with its range of credit cards tailored to different customer needs. Whether you are a frequent traveler, a shopping enthusiast, or someone looking for cashback offers, Bank of Baroda credit cards provide attractive deals and benefits.
What is Bank of Baroda?
Bank of Baroda (BoB) is one of India’s largest and most reputable public sector banks, known for its strong financial services and global presence. Established on July 20, 1908, in Vadodara, Gujarat, by Maharaja Sayajirao Gaekwad III, Bank of Baroda has grown into a major financial institution with a network of over 8,500 branches and 11,000+ ATMs across India and in more than 25 countries worldwide.
BoB offers a wide range of banking products and services, including personal and corporate banking, wealth management, investment banking, loans, credit cards, and digital banking solutions. The bank is known for its customer-centric approach, innovative financial products, and competitive offerings.
Key Features of Bank of Baroda
- Government-Owned Institution – As a public sector bank, BoB operates under the governance of the Government of India, ensuring trust and reliability.
- Global Presence – It operates in multiple countries, including the UAE, UK, USA, Singapore, Hong Kong, and Australia, making it one of India’s most internationally connected banks.
- Wide Range of Financial Products – From savings and current accounts to home loans, business loans, and credit cards, BoB offers tailored financial solutions for individuals and businesses.
- Technological Innovation – BoB has embraced digital banking, offering seamless online banking services, mobile banking apps, UPI payments, and net banking solutions.
- Strong Customer Support – With 24/7 banking assistance, customer support, and branch availability, BoB ensures a hassle-free banking experience for its customers.
Bank of Baroda Credit Cards
Bank of Baroda offers a variety of credit cards designed to suit different spending habits and financial needs. These cards provide benefits such as cashback, reward points, travel perks, fuel surcharge waivers, and shopping discounts. The bank is known for its competitive interest rates and zero or low annual fees, making its credit cards attractive to a wide range of customers.
Whether you are looking for a basic credit card for everyday expenses or a premium credit card with exclusive lifestyle privileges, Bank of Baroda has a diverse portfolio of credit cards to cater to various financial requirements.
Bank of Baroda Credit Card Interest Rates
The interest rate on Bank of Baroda credit cards varies depending on the card type, customer profile, and repayment behavior. The bank charges interest only when you fail to pay the full outstanding amount by the due date. Below is a general breakdown of the interest rates on BoB credit cards:
| Category | Interest Rate (Per Annum) | Interest Rate (Per Month) |
|---|---|---|
| Retail Transactions | 42.00% p.a. | 3.50% per month |
| Cash Advances | 42.00% p.a. | 3.50% per month |
| EMI Conversions | 14%-24% p.a. | 1.16% – 2.00% per month |
| Balance Transfer | 10%-18% p.a. | 0.83% – 1.50% per month |
Key Benefits of Bank of Baroda Credit Cards
1. Reward Points on Every Spend
One of the biggest advantages of BoB credit cards is the reward points program, where cardholders earn points on every transaction. These points can be redeemed for cashback, vouchers, travel bookings, and merchandise.
Key Features of BoB Reward Points Program:
- Earn up to 15 reward points per ₹100 spent (varies by card type).
- Higher reward points on dining, travel, and online shopping.
- Redeem points for flight bookings, gift vouchers, and even bill payments.
- BoB Eterna Credit Card: Earn 15 reward points per ₹100 spent on online transactions.
- BoB Premier Credit Card: Earn 4 reward points per ₹100 spent on retail transactions.
2. Exclusive Travel Benefits
Frequent travelers can save big with the travel-related perks offered by BoB credit cards, making their journeys more comfortable and rewarding.
Travel Benefits Include:
- Free airport lounge access at domestic and international airports.
- Air miles conversion, allowing you to redeem reward points for flight tickets.
- Complimentary travel insurance covering lost baggage, flight delays, and accidents.
- Discounted hotel bookings and cashback on travel portals.
- The BoB Eterna Credit Card offers 4 complimentary domestic airport lounge access per quarter.
- The BoB Premier Credit Card provides complimentary air accident insurance up to ₹1 crore.
3. Fuel Surcharge Waiver
If you frequently spend on fuel, Bank of Baroda credit cards can help you save money with their fuel surcharge waiver.
Fuel Benefits Include:
- 1% fuel surcharge waiver at all major petrol pumps across India.
- The waiver applies to transactions ranging between ₹400 – ₹5,000.
- With the BoB ICAI Credit Card, you get a fuel surcharge waiver of up to ₹250 per statement cycle.
4. Attractive Cashback Offers
Many BoB credit cards come with cashback rewards, allowing you to save on everyday purchases like dining, shopping, and utility bills.
Cashback Offers Include:
- Cashback on utility bill payments, groceries, and movie ticket bookings.
- Special cashback offers on partnered brands and e-commerce websites.
- The BoB Eterna Credit Card offers 5% cashback on travel, dining, and online shopping.
5. Insurance and Security Benefits
BoB credit cards come with comprehensive insurance coverage, ensuring financial protection in emergencies.
Insurance Benefits Include:
- Complimentary air accident cover of up to ₹1 crore.
- Purchase protection insurance for lost or damaged goods bought using the card.
- Zero Liability Protection for lost or stolen credit cards.
- Travel insurance covering trip cancellation, lost baggage, and medical emergencies.
- The BoB Premier Credit Card offers complimentary personal accident insurance of up to ₹50 lakh.
6. Easy EMI Conversion
With BoB credit cards, high-value purchases can be easily converted into affordable EMIs, helping you manage your finances better.
EMI Benefits Include:
- Convert transactions above ₹2,500 into easy monthly installments.
- Flexible EMI tenure options ranging from 3 months to 24 months.
- Attractive interest rates on EMI conversions.
- If you buy a smartphone for ₹30,000, you can convert it into 6 monthly EMIs at a nominal interest rate.
7. Contactless and Secure Transactions
Bank of Baroda credit cards come with advanced security features, ensuring safe and hassle-free transactions.
Security Benefits Include:
- Contactless payments using NFC technology for faster checkout.
- Zero Fraud Liability in case of unauthorized transactions.
- EMV chip-enabled cards for enhanced protection against fraud.
- SMS and email alerts for every transaction.
- The BoB Assure Credit Card comes with an advanced EMV chip for extra security.
8. Dining and Entertainment Offers
Enjoy exclusive discounts at top restaurants, movie theatres, and entertainment platforms with BoB credit cards.
Dining & Entertainment Benefits Include:
- Discounts at partnered restaurants across India.
- Exclusive movie ticket offers at BookMyShow and Paytm.
- The BoB Eterna Credit Card offers up to 15% discount on dining at select restaurants.
9. Utility Bill Payment & Wallet Recharge Benefits
Pay your electricity, water, and mobile bills seamlessly using your Bank of Baroda credit card and earn reward points in return.
Bill Payment Benefits Include:
- Pay utility bills via BillDesk, Google Pay, and Paytm.
- Earn reward points on bill payments and recharges.
- The BoB Easy Credit Card gives cashback and reward points on mobile recharges and bill payments.
10. Lifetime Free and Low Annual Fee Options
Some BoB credit cards come with zero annual fees, making them a cost-effective option for users who want benefits without high charges.
Fee Waiver Benefits Include:
- Lifetime free cards with no annual fee.
- Annual fee waiver on spending a minimum threshold.
- The BoB ICAI Credit Card is a lifetime free card with no annual fee.
- The BoB Premier Credit Card annual fee is waived on spending ₹1.2 lakh per year.
Advantages of Bank of Baroda Credit Cards
| Advantage | Details |
|---|---|
| Reward Points | Earn up to 15 reward points per ₹100 spent on select categories. Redeem points for cashback, flight bookings, and merchandise. |
| Travel Benefits | Complimentary airport lounge access, travel insurance, and discounts on hotels & flights. |
| Fuel Surcharge Waiver | 1% fuel surcharge waiver on fuel transactions between ₹400 – ₹5,000. |
| Cashback Offers | Special cashback on online shopping, utility bills, and dining at partner restaurants. |
| Easy EMI Conversion | Convert high-value purchases into affordable EMIs with flexible repayment options. |
| Low Interest Rates | Competitive interest rates on outstanding balances and EMI transactions. |
| Contactless & Secure Payments | EMV chip-enabled cards with contactless payment technology for faster and safer transactions. |
| Dining & Entertainment Discounts | Get up to 15% discount on dining and exclusive offers on movie bookings. |
| Insurance Benefits | Complimentary travel insurance, purchase protection, and air accident cover up to ₹1 crore. |
| Zero Liability Protection | Cardholders are not liable for unauthorized transactions in case of loss or theft if reported on time. |
| Utility Bill Payments & Wallet Recharges | Pay electricity, water, and mobile bills while earning reward points. |
| Lifetime Free & Low Annual Fee Options | Some cards come with zero annual fees or fee waivers on minimum spending. |
Disadvantages of Bank of Baroda Credit Cards
| Disadvantage | Details |
|---|---|
| Limited Premium Features | Lacks some high-end luxury benefits like concierge services and unlimited lounge access. |
| Reward Point Expiry | Reward points have an expiry period, so they must be redeemed within a certain timeframe. |
| Higher Interest Rates on Revolving Credit | If you don’t pay the full bill, the interest rates can go up to 3.49% per month. |
| Limited Global Acceptance | While accepted worldwide, BoB credit cards may not be as widely accepted as Visa Signature or Amex in some international locations. |
| Strict Eligibility Criteria | Higher-tier cards like Eterna or Premier require a high income or excellent credit score. |
| Annual Fees on Some Cards | Some premium cards have annual fees, which are only waived upon meeting spending conditions. |
| Fewer Exclusive Partnerships | Compared to other banks, BoB credit cards offer fewer exclusive deals with top brands. |
| Lower Cashback on Generic Spending | Cashback offers are category-specific, meaning everyday spending might not earn high rewards. |
| Delayed Customer Support Response | Some users report slower response times from customer service in resolving issues. |
| Processing Time for Approvals | Credit card approval and issuance can take longer compared to private banks. |
1. Identity Proof (KYC Documents)
To verify your identity, you need to submit any one of the following government-approved identity proofs:
✅ Accepted Documents:
- Aadhaar Card
- PAN Card (Mandatory for all applicants)
- Passport
- Voter ID
- Driving License
- Government-issued Employee ID (For Government Employees)
- Photo Ration Card
🔹 Note: The PAN card is mandatory as it is used for credit score checks and tax-related purposes.
2. Address Proof
To verify your residential address, you need to submit any one of the following:
✅ Accepted Documents:
- Aadhaar Card
- Passport
- Voter ID
- Driving License
- Utility Bills (Electricity, Water, Gas, or Landline) – Not older than 3 months
- Bank Passbook or Bank Statement (with address)
- Rent Agreement (Registered)
🔹 Note: If the applicant’s current address is different from the one mentioned on their Aadhaar card, they must provide an additional valid address proof.
3. Income Proof (To Assess Eligibility and Credit Limit)
The bank requires income proof to determine the applicant’s repayment capacity and assign a suitable credit limit.
For Salaried Individuals:
✅ Accepted Documents:
- Latest 3 months’ salary slips
- Form 16 or latest Income Tax Return (ITR)
- Bank statement of the last 3–6 months showing salary credit
For Self-Employed Professionals & Business Owners:
✅ Accepted Documents:
- Latest Income Tax Return (ITR) with computation of income
- Business registration certificate (if applicable)
- Profit & Loss Account and Balance Sheet (for business owners)
- Bank statement of the last 6 months
🔹 Note: Some premium cards require a higher income level to qualify. If the applicant has an excellent credit score, the bank may consider relaxing the income criteria.
4. Proof of Employment / Business
Depending on whether you are salaried or self-employed, you need to submit documents verifying your employment or business.
✅ For Salaried Applicants:
- Employee ID Card (if applicable)
- Offer Letter / Appointment Letter (for newly joined employees)
✅ For Self-Employed & Business Owners:
- Business Registration Certificate / GST Certificate
- Partnership Deed or Company Incorporation Certificate (if applicable)
5. PAN Card (Mandatory for All Applicants)
- The PAN card is compulsory for all credit card applications as it is used for credit score verification and financial records tracking.
- If you do not have a PAN card, your application may be rejected.
6. Recent Passport-Sized Photograph
- A passport-sized photograph is required during the application process.
- The bank may ask for additional copies if needed.
7. Additional Documents for Special Categories
Certain applicants may need to provide extra documents, depending on their profession and eligibility.
For Pensioners:
✅ Required Documents:
- Pension Payment Order (PPO)
- Pension Account Statement (last 6 months)
For NRIs (Non-Resident Indians):
✅ Required Documents:
- Passport with Visa Stamping
- NRI Bank Account Statement (last 6 months)
- Overseas Address Proof
For Existing Bank of Baroda Customers:
- If you have an account with Bank of Baroda, fewer documents may be required as the bank already has your KYC details.
Minimum Credit Score Required for Bank of Baroda Credit Cards
Bank of Baroda generally requires a CIBIL score of 700 or above for most of its credit cards. However, different cards may have varying requirements:
| Credit Card Type | Minimum Credit Score Required |
|---|---|
| Basic Credit Cards (BoB Easy, Assure, Prime) | 650+ |
| Mid-Level Cards (BoB Premier, ICAI, Swavlamban, Select) | 700+ |
| Premium Cards (BoB Eterna, BoB Varunah, Corporate Cards) | 750+ |
How to Apply for a Bank of Baroda Credit Card?
Online Application:
- Visit the official Bank of Baroda website.
- Select your preferred credit card and click on “Apply Now”.
- Fill in the application form with personal and financial details.
- Upload the necessary documents.
- Submit the application and wait for verification.
Offline Application:
- Visit the nearest Bank of Baroda branch.
- Request a credit card application form.
- Fill in the required details and attach necessary documents.
- Submit the form to the bank representative for processing.
Conclusion
Bank of Baroda credit cards provide a wide range of benefits, from cashback and reward points to premium travel perks and lifestyle discounts. Whether you choose the BoB Premier Credit Card or the high-end BoB Eterna Credit Card, you can enjoy financial flexibility with competitive interest rates. By understanding the eligibility criteria, required documents, and application process, you can choose the right credit card that suits your financial needs.
FAQs
What are the latest offers available on Bank of Baroda credit cards?
Bank of Baroda credit cards offer cashback, discounts, reward points, and EMI options on shopping, travel, dining, and fuel. Offers may vary based on the credit card type and promotional period.
Does Bank of Baroda provide welcome benefits on credit cards?
Yes, BoB credit cards offer welcome benefits like bonus reward points, cashback, or free membership to select services. The benefits depend on the specific card you choose.
Are there any cashback offers on BoB credit cards?
Yes, BoB credit cards frequently provide cashback offers on shopping, travel, fuel, and dining. The percentage and terms vary by card type and promotional campaigns.
How can I check the latest Bank of Baroda credit card offers?
You can check the latest BoB credit card offers by visiting the official website, BoB mobile banking app, or by contacting customer care.
Do Bank of Baroda credit cards offer fuel surcharge waivers?
Yes, most BoB credit cards provide a fuel surcharge waiver of up to 1% on fuel transactions at select fuel stations.
Are there any special offers for online shopping with BoB credit cards?
Yes, BoB credit cards frequently offer discounts, EMI options, and extra reward points on platforms like Amazon, Flipkart, Myntra, and other online retailers.
Can I avail of travel benefits with a BoB credit card?
Yes, premium cards like BoB Eterna and Premier offer free airport lounge access, travel insurance, and airline discounts.
Does Bank of Baroda offer EMI conversion on credit card purchases?
Yes, you can convert big-ticket purchases into easy EMIs at low interest rates using BoB credit cards.
How do I know if I am eligible for Bank of Baroda credit card offers?
Eligibility depends on the offer type. Check the BoB website, mobile banking app, or promotional emails to see if your card is eligible.
Do Bank of Baroda credit cards have dining offers?
Yes, BoB credit cards offer discounts at partner restaurants through programs like EazyDiner.
Are there seasonal or festival offers on BoB credit cards?
Yes, during festivals like Diwali, Christmas, and New Year, BoB provides special discounts, cashback, and reward points on select purchases.
Do Bank of Baroda credit cards offer free movie tickets?
Some BoB credit cards offer movie ticket discounts or Buy 1 Get 1 Free offers on platforms like BookMyShow.
Is there an annual fee waiver on BoB credit cards?
Yes, some BoB credit cards waive the annual fee if you meet a minimum spending requirement in a year.
How can I redeem my Bank of Baroda credit card reward points?
You can redeem your reward points for gift vouchers, cashback, flight tickets, or merchandise via the BoB reward portal.
Are there any specific offers for first-time credit card users?
Yes, first-time users may get welcome bonuses, low-interest EMIs, and extra cashback on specific transactions.
Can I use Bank of Baroda credit card offers internationally?
Yes, BoB credit cards are globally accepted, and some cards offer forex markup fee discounts and travel perks.
Are there discounts on utility bill payments with BoB credit cards?
Yes, you can earn cashback or reward points when paying electricity, water, and gas bills using your BoB credit card.
How do I activate a Bank of Baroda credit card offer?
Most offers are auto-applied when you use the card at eligible merchants. Some may require registration via SMS or the BoB app.
Do Bank of Baroda credit cards offer insurance benefits?
Yes, premium BoB credit cards offer travel insurance, accidental death cover, and purchase protection.
What should I do if my BoB credit card offer is not applied?
If an offer is not applied, check the terms and conditions, ensure you used the right card, and contact BoB customer support if needed.
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