Bank of Baroda Varunah Plus Credit Card

By: OurMoneyGuide || Last updated on: April 23, 2024

Bank of Baroda Varunah Plus Credit Card, is a mid-range card exclusively for Indian Navy Personnel. You get special benefits on travel spends, dining spends, online spends and international spends. You also get lifestyle benefits such as complimentary access to domestic airport lounges.

Brief Summary

Features & Benefits of the Bank of Baroda Varunah Plus Credit Card

2.50% benefit on travel spends || dining spends || online spends || international spends

You earn 10 reward points worth ₹2.50, on every ₹100 you spend in these categories. 1 reward point = ₹0.25, and can be redeemed for cashback.

This benefit is valid only on combined total purchases upto ₹20,000 per month, across these categories. Since you can earn a maximum number of 2000 special reward points at this accelerated rate, per monthly card billing cycle.

On monthly purchases beyond ₹20,000 in these categories, you shall get regular earn rate of 2 reward point on every ₹100 card spend.

0.50% basic benefit on all other card spends

You earn 2 reward points worth ₹0.50 or 50 paise, on every ₹100 you spend on all other purchases.1 reward point = ₹0.25, and can be redeemed for cashback.

Exceptions –
1. Fuel : You earn no reward points
2. Spend categories like rent, education, utilities, government, insurance, charity, supermarket : 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 – 3 times per quarter

You get free visits to airport lounges in India, upto 3 times per quarter. This program is brought to you by the Rupay Airport Lounge Program.

Please click here for details

Reduced fee of 2.50% on international transactions

You get reduced forex mark-up of 2.50% on international card spends, most cards in the industry charge 3.50%. You also get 2.50% benefit on international spends, as described earlier.

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 ₹5000 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% 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% 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.

Free in-built insurance cover – accidental death

You get a free Accidental Death Cover, for financial protection of your family-
– Air : ₹50 lakhs
– Non-Air (includes Sea) : ₹10 lakhs

Zero liability on lost card

You need to report loss of card immediately, to ensure zero liability on any fraudulent transactions.

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.

Eligibility Criteria

Application Process

Conclusion

BoB Varunah Plus Credit Card is a good mid-range card exclusively for Indian Navy Personnel. You get a higher benefit of 2.50% on a variety of spends – travel spends, dining spends, online spends and international spends; but this benefit is restricted to total monthly spends of ₹20,000 across these promotion categories.

You also get lifestyle benefits like complimentary access to airport lounges in India – 3 times per quarter, and reduced fee of 2.50% on international card transactions.

You get a variety of welcome offers, which more than compensate for the 1st year annual fee of ₹1499. The card is virtually free if you spend ₹1.50 lakhs or more each year, since it offers an annual fee waiver at ₹1.50 lakhs annual card spend.