BOBCARD Select Credit Card
Gaurav
The Bank of Baroda Select Credit Card offers cardholders great rewards and benefits. For a limited time, you can get this card with no annual fee, but it usually comes with a ₹750 annual fee plus taxes.
With this card, you earn 1 Reward Point for every ₹100 spent. When you use it for dining or online purchases, you earn 5 Reward Points per ₹100. It also has a fuel surcharge waiver to help you save on fuel. For more information about the card, including its fees and benefits, see the details below.
Rewards and Benefits
Rewards Rate
Earn 1 Reward Point for every ₹100 spent on retail purchases and 5 Reward Points for every ₹100 spent on utility bills, dining, and online shopping.
Reward Redemption
The reward points you earn can be redeemed for cash or a variety of other options.
Movie & Dining
N/A
Travel
N/A
Golf
N/A
Domestic Lounge Access
N/A
International Lounge Access
N/A
Insurance Benefits
Accidental death coverage is included.
Fees & Charges
Interest Rates
3.25% per month
Spend-Based Waiver
Spend ₹7,500 within 60 days of receiving your card to get the joining fee waived, and spend ₹70,000 to waive the annual fee (for paid variants).
Rewards Redemption Fee
Nil
Cash Advance Charges
A fee of 2.5% of the withdrawn amount or ₹300, whichever is higher.
Foreign Currency Markup
3.50% +GST
Fuel Surcharge
Get a 1% fuel surcharge waiver on fuel transactions between ₹400 and ₹5,000.
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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