BOBCARD Easy Credit Card
Gaurav
The BOBCARD Easy Credit Card is an excellent choice for those looking for a no-fee credit card with no annual or renewal charges. It’s ideal for everyday purchases, allowing you to earn reward points. You earn 5 Reward Points for every Rs. 100 spent on movies, groceries, and department stores, helping you save on daily expenses. For all other purchases, you get 1 Reward Point per Rs. 100 spent. Additionally, the card provides zero liability protection if lost.
Part of the RuPay network, this card can easily be linked to your preferred UPI app for quick and easy payments. You can earn reward points while making payments to merchants. To learn more about the BOBCARD Easy Credit Card, explore its features and benefits below.
Rewards and Benefits
Rewards Rate
Earn 5X reward points for every Rs. 100 spent on movies, groceries, and department stores. For all other purchases, you’ll earn 1 reward point per Rs. 100 spent.
Reward Redemption
You can redeem your accumulated reward points for cashback and other exciting rewards. Each reward point is worth Rs. 0.20.
Movie & Dining
N/A
Travel
N/A
Golf
N/A
Domestic Lounge Access
N/A
International Lounge Access
N/A
Insurance Benefits
N/A
Fees & Charges
Interest Rates
3.25% per month.
Spend-Based Waiver
N/A
Rewards Redemption Fee
Nil
Cash Advance Charges
At domestic ATMs, a fee of 2.5% or Rs. 300 will be charged, whichever is higher.
Foreign Currency Markup
3.50% +GST
Fuel Surcharge
Get a 1% fuel surcharge waiver on fuel transactions between Rs. 400 and Rs. 5000 at any petrol pump in India, with a maximum waiver of Rs. 250.
What should you consider before applying for a credit card in India?
Before applying for a credit card in India, consider the following factors:
- Eligibility Criteria: Check the age, income, credit score, and employment status requirements set by the bank or financial institution.
- Credit Score: A higher credit score increases your chances of approval and may result in better offers. Ensure your credit score is in good standing.
- Interest Rates and Fees: Compare annual percentage rates (APR), processing fees, late payment penalties, and foreign transaction fees. These can vary significantly between cards.
- Rewards and Benefits: Look for cards that offer rewards, cashback, discounts, or other perks that align with your spending habits.
- Credit Limit: Make sure the credit limit offered is in line with your financial needs. Avoid over-borrowing, which can lead to high-interest charges.
- Repayment Terms: Understand the repayment options, minimum payment amount, and due dates. Consider how easily you can manage timely payments to avoid interest accumulation.
- Card Type and Features: Choose a card type (e.g., standard, premium, travel, etc.) based on your requirements. Some cards offer more benefits for specific categories like travel, shopping, or dining.
- Bank’s Reputation: Opt for a bank with a good track record of customer service and transparency. Read reviews and consider their customer support accessibility.
- Hidden Charges: Be aware of any hidden fees, such as annual fees, balance transfer charges, and cash withdrawal fees.
- Credit Utilization: Ensure you can manage your spending within the credit limit to maintain a healthy credit utilization ratio, which impacts your credit score.
- Long-Term Financial Plans: Think about how the credit card will fit into your long-term financial goals and avoid accumulating unnecessary debt.
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