By: OurMoneyGuide || Last updated on: April 23, 2024
Bank of Baroda Premier Credit Card is a mid-range card offering from BoB, which is positioned one level above their entry level cards. You get higher benefits on travel, and also dining spends. You also get lifestyle benefits like complimentary access to domestic airport lounges
Good card for travellers, you get 2.50% cashback on travel spends and international spends, and also on dining spends. But this benefit is restricted to total monthly spends of ₹20,000 in this 2.50% promotion category.
Card is virtually free if you spend ₹1.20 lakhs each year on your card, since annual fee is reversed if you spend 1.20 lakhs or more in the previous year. And the first year fee is waived if you spend ₹10,000 or more, within 60 days of card issuance.
2.50% special benefit on following card spends – travel || dining || international transactions
You earn 10 reward points worth ₹2.50, on every ₹100 you spend on travel, dining & international transactions. Since 1 reward point = ₹0.25, and can be redeemed as cashback.
This is valid only on total purchases upto ₹20,000 per month, across these categories. Since you can earn maximum 2,000 special reward points at this accelerated rate, per monthly card statement cycle.
0.50% basic benefit on all other card spends
You earn 2 reward points worth ₹0.50, on every ₹100 you spend on all other purchases. Since 1 reward point = ₹0.25, and can be redeemed as cashback.
Exceptions –
1. Fuel spends : You earn no reward points
2. Rent, education, utilities, government, insurance, charity, and supermarket spends : You earn 1 reward point worth 25 paise, on every ₹100 you spend. For full list and details please click here – list of special MCCs
Complimentary access to airport lounges in India – 1 time per quarter
You get 4 free airport lounge visits per year, in India. Maximum one visit per quarter.
Premier Visa Card Holders – Click here for details
Premier RuPay Card Holders – Click here for details
Fuel surcharge waiver, upto ₹250 per month
You get 1% fuel surcharge waiver at all fuel stations across India –
– on fuel transactions between ₹400 and ₹5,000 only AND
– on upto ₹25,000 fuel spend per month, since the maximum waiver is capped at ₹250 per monthly card billing cycle
On monthly fuel purchases beyond ₹25,000, your waiver percentage will fall below 1% since the maximum waiver amount is fixed at ₹250 per monthly card statement cycle. For example, on ₹50,000 monthly fuel purchases, you will get the maximum waiver amount of ₹250, and your surcharge waiver percentage would be 0.50%.
GST paid on fuel purchases is not refunded. Some fuel pumps may not have a 1% surcharge on fuel purchases, it could be a little higher or lower. However you will get maximum monthly waiver amount of ₹250 only, irrespective.
3 free add-on cards
You can get upto 3 lifetime free add-on cards for your spouse, parents, siblings, or children. This enables your family members to enjoy the features and privileges of the Snapdeal BOB Credit Card.
Shared benefits : With add-on cards, you can easily manage and track the expenses of your family members. Additionally, any reward points earned on the add-on cards contribute to the primary cardholder’s rewards account.
Please click here, to see all available options to contact your card issuer.
Annual fee & annual fee offers
| Annual fee | Annual fee offers | |
|---|---|---|
| 1st year annual fee | ₹1000 | Welcome offer : The first year fee is waived if you spend ₹10,000 or more, within 60 days of card issuance. |
| Annual fee from 2nd year onwards | ₹1000 | – Renewal fee offer : Annual fee is not charged from the 2nd year onwards, if you spend ₹1.20 lakhs or more in the previous year. Hence the card is virtually free, when your yearly card spend reaches ₹1.20 lakhs each year. |
Late payment fee
Late payment fees depends on the total payment due
| Total payment amount due | Late fee |
|---|---|
| Less than ₹100 | Nil |
| ₹100 to ₹500 | ₹100 |
| ₹501 to ₹1,000 | ₹400 |
| ₹1,001 to ₹10,000 | ₹750 |
| ₹10,000 to ₹25,000 | ₹950 |
| ₹25,000 to ₹50,000 | ₹1100 |
| Above ₹50,000 | ₹1300 |
– GST/ other applicable taxes as per current laws, will be applicable on all fees and charges
– To view all fees & charges on this card, please click here – BoB Premier Credit Card Fees & Charges
| Minimum age | 21 years (minimum age for add-on cards is 18 years) |
| Maximum age | 65 years |
| Occupation | Salaried, self-employed |
| Income requirements | Not specified |
| Residential status | The individual should be a resident of India. |
| Required documents | PAN card copy Proof of identity (any one) : Aadhaar card / voter ID card /passport /driving licence Address proof (any one) : Aadhaar card / voter ID card /passport / driving licence / utility bills / property or municipal tax receipt /rent agreement / house allotment letter issued by state or central government Income proof : – Salaried : Last 2 months salary slip, bank statement showing salary credits – Self-employed : Latest income tax return (ITR) |
Bank of Baroda Premier Credit Card is a good mid-range card offering from BoB, which is positioned one level above their entry level cards. You get a higher benefit of 2.50% on travel, international spends, and dining spends. You also get lifestyle benefits like complimentary access to domestic airport lounges, once per quarter.
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