BOBCARD Easy Credit Card
Card Overview
The Bank of Baroda Easy Credit Card is a rewards credit card that also offers cashback. It comes with an annual fee of ₹500, which is waived upon spending ₹35,000 in a year. Cardholders earn 5 reward points per ₹100 spent on movies, groceries, and department stores, while all other expenses earn 1 reward point per ₹100. The card also provides a 1% fuel surcharge waiver (up to ₹250 per statement cycle) and 0.5% cashback on bill payments. Additionally, reward points can be redeemed for discounts, gift vouchers, or other exciting offers.
As part of the RuPay network, the card can be linked to UPI apps for seamless payments while still earning rewards. If the monthly limit for 5X reward points on select categories is exceeded, standard reward rates apply. The card also offers zero liability protection if lost and reported immediately. With its blend of rewards, cashback, and security features, this card is a great option for everyday spending.
Card Details
- Get 1 reward point for every ₹100 spent using the card.
- Earn 5X rewards on spending at grocery stores, department stores, and movies.
- Redeem reward points for cashback, gift vouchers, and exciting rewards.
- Pay your credit card bill on time and receive 0.5% cashback on the next statement.
- Get the joining fee reversed by spending ₹6,000 within the first 60 days and waive the annual fee by spending ₹35,000 in a year.
- Enjoy a 1% fuel surcharge waiver at petrol stations across India on transactions between ₹400 and ₹5,000.
- Convert purchases above ₹2,500 into EMIs with flexible repayment options of 6 or 12 months.
- Apply for up to three add-on cards for family members, including spouse, parents, siblings, and children above 18 years.
- Get free personal accidental death insurance coverage.
- Stay protected with zero liability on a lost card if reported within 24 hours.
- You can enjoy up to 50 days interest-free period on your purchases.
- Use the revolving credit facility by paying only the minimum amount due.
Features & Benefits
BOBCARD Easy Credit Card: Key Features and Rewards & Benefits
The BOBCARD Easy Credit Card is a lifetime free credit card that helps you earn reward points on your daily spending. It is a good option for beginners, students with income, salaried employees, and anyone looking for a simple credit card without annual fees.
Reward Points on Everyday Spending
With this card, you can earn extra rewards on selected categories:
- Get 5 Reward Points for every ₹100 spent on groceries.
- Get 5 Reward Points for every ₹100 spent on movies.
- Get 5 Reward Points for every ₹100 spent at departmental stores.
- Get 1 Reward Point for every ₹100 spent on other purchases.
- Earn 0.5% cashback when you pay your credit card bill.
You can earn up to 1,000 bonus Reward Points per month in the 5X reward categories. After that, normal reward rates will apply.
Reward Points Value
| Details | Value |
|---|---|
| 1 Reward Point | ₹0.20 |
| Redemption Options | Cashback and other rewards |
Main Features
The BOBCARD Easy Credit Card comes with several useful benefits:
- No joining fee.
- No annual fee.
- UPI-enabled credit card.
- Accidental death insurance cover.
- Zero liability protection on lost cards.
- EMI conversion on purchases above ₹2,500.
Example of Savings
Suppose you spend ₹5,000 on groceries and ₹2,000 on movies every month. Since these categories earn 5X Reward Points, you can collect reward points faster compared to regular spending.
This makes the card useful for people who regularly shop for household items and entertainment.
Fees and Charges
| Charge Type | Amount |
|---|---|
| Joining Fee | Nil |
| Annual Fee | Nil |
| Interest Rate | 3.75% per month |
| Foreign Transaction Fee | 3.5% |
| Cash Withdrawal Fee | 2.5% (Minimum ₹500) |
UPI Payment Benefit
You can link the BOBCARD Easy Credit Card with UPI apps like Google Pay and use it for everyday payments. This allows you to make digital payments easily while earning eligible reward points.
Security Features
If your card is lost or used without your permission, you can get zero liability protection by informing the bank within 24 hours. This gives your transactions extra security and protection.
Eligibility
To apply for the card:
- Age should be 21 years or above.
- You should have a regular source of income.
- A good credit history is preferred.
BOBCARD Easy Credit Card Review
The BOBCARD Easy Credit Card is a simple and affordable credit card with no joining fee and no annual fee. It offers extra rewards on groceries, movies, and departmental store purchases, along with UPI payments, EMI options, insurance cover, and security benefits. If you want a basic credit card for daily spending and reward earning, this card can be a good choice.
Reality Check Feedback
What should you consider before applying for a credit card in India?
Key Considerations Before Applying for a Credit Card in India:
- Eligibility Criteria: Ensure you meet the eligibility requirements, which typically include age, income, credit score, and employment status as defined by the issuing bank or financial institution.
- Credit Score: A strong credit score can significantly improve your chances of approval and result in more favorable terms, such as lower interest rates or higher credit limits. Verify that your credit score is healthy before applying.
- Interest Rates and Fees: Compare the annual percentage rates (APR), processing fees, late payment penalties, and foreign transaction charges associated with various cards. These costs can vary widely and impact the overall value of the card.
- Rewards and Benefits: Evaluate the rewards, cashback, discounts, or other perks offered by the card to ensure they align with your spending patterns. Some cards may provide better benefits in specific categories, such as travel, shopping, or dining.
- Credit Limit: Review the credit limit offered by the card to ensure it meets your financial needs. Avoid applying for cards with excessive limits if you are concerned about managing debt, as this can lead to higher interest charges.
- Repayment Terms: Understand the repayment structure, including the minimum payment amount, payment due dates, and any associated penalties. Being clear about these terms can help you manage payments effectively and avoid interest buildup.
- Card Type and Features: Choose a card type that matches your specific needs—whether standard, premium, or specialized cards like those offering travel rewards or dining privileges. Ensure the features of the card align with your lifestyle and spending habits.
- Bank’s Reputation: Opt for a financial institution with a proven reputation for customer service and transparency. Consider researching customer reviews and assessing their support channels to ensure reliable service.
- Hidden Charges: Be aware of any hidden fees, including annual fees, balance transfer charges, foreign transaction fees, or cash withdrawal charges. These can add up over time and affect the overall cost-effectiveness of the card.
- Credit Utilization: Maintain a balance within your credit limit to avoid high credit utilization ratios, which can negatively impact your credit score. Responsible use of credit is essential for maintaining financial health.
- Long-Term Financial Plans: Consider how the credit card fits into your overall financial strategy. Avoid accumulating unnecessary debt and choose a card that supports your long-term financial goals without adding financial strain.
- Who is eligible to apply for the Bank of Baroda Easy Card?
Individuals aged 21 or above, whether salaried or self-employed, are eligible. Income proof is required for approval.
- What are the fees for the BoB Easy Card?
A joining fee of ₹500 and an annual fee of ₹500 apply.
- How is the credit limit determined?
The bank decides the credit limit based on factors like income, age, and CIBIL score. It varies for each individual and remains confidential.
- Can I convert reward points into cashback?
Yes, reward points can be redeemed for cashback and other perks.
- Is the BoB Easy Card free for life?
It is free for a limited time under a special offer. After that, a ₹500 annual fee applies, which can be waived under certain conditions.
- Is there a different credit limit for an add-on card?
No, the add-on card shares the credit limit of the primary cardholder.
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