BOBCARD Prime Credit Card
The Bank of Baroda Prime Credit Card is a secured card that you can get by making a fixed deposit of ₹15,000 or more. You don’t need to show any income proof to apply. It comes with no annual fees, making it a lifetime-free card. You earn 2 reward points for every Rs. 100 spent, which equals 1% cashback. These points can be redeemed for rewards like shopping or gift vouchers.
This card also offers extra benefits such as accidental insurance, fuel surcharge waivers, and zero liability cover. It is an ideal option for those with no credit history, as it helps build credit with guaranteed issuance when you have a fixed deposit. The card is available for people aged 18 to 65, and it’s an easy way to enjoy rewards and benefits while spending.
Rewards and Benefits
Fees & Charges
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.
How much fuel surcharge can I get in a month?
You can get a fuel surcharge waiver of up to Rs. 250 every month. This means if you buy fuel, the surcharge will be waived off, but the maximum you can save each month is Rs. 250.
How many add-on credit cards can I get for my family?
You can get up to 3 add-on credit cards for your family, including your spouse, parents, children (18+), and siblings.
How can I check my Bank of Baroda credit card application status?
To check the status of your credit card application, go to the Bank of Baroda website and look for the "Track Application" option under the credit card section.
Can I get the Bank of Baroda Prime Credit Card even if my credit score is low?
This is a secured credit card that you get by keeping ₹15,000 as a fixed deposit. You don’t need a credit score or income proof to get it. It’s a good way to build or improve your credit history.
What happens to my Fixed Deposit after the credit card is issued?
Your Fixed Deposit acts as security for the credit card. You will earn interest on it as long as you make your payments. If you fail to pay, the bank will use the FD to recover the dues.
How do I reach Bank of Baroda credit card customer care?
You can reach Bank of Baroda customer care at 1800 223 224 for any issues or questions.
Can I get the Bank of Baroda Prime Credit Card without income proof?
Yes, as long as you have a Fixed Deposit of at least Rs. 15,000, you can get the card without providing income proof.
What is the credit limit of the BoB Prime card?
The credit limit depends on factors like your income and CIBIL score. It’s set by the bank and shared only with you.
Who can apply for the BoB Prime Credit Card?
Anyone aged 18 to 65 can apply for the card. Both salaried and self-employed people can apply with a Fixed Deposit of Rs. 15,000 or more, and income proof is not required.
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