Core Rewards :
  • 10% RP 5X Reward Points on Travel, Dining and International spends
  • 2% RP 2 Reward Points per Rs. 100 spent
Milestone Rewards :
  • Monthly : N/A
  • Quaterly : N/A
  • Annual : N/A
No rewards on spends : Fuel
Rewards Redemption
How to Redeem :
  • Cashback in form of Statement Credit
Redemption options : Statement Cash
Redemption fee : Nil
Transfer partners : N/A
Complementary Benefits
Lounge access :
  • Domestic Lounge : 1 per quarter
  • International Lounge : N/A
  • Railway Lounge : N/A
Insurance Benefits :
  • Lost card liability : Upto Credit Limit
  • Personal accidental insurance : N/A
  • Air accidental insurance : N/A
Other Benefits :
  • Lounge Membership : N/A
  • Memberships Available With Cards : N/A
  • Spa Benefits : N/A
Golf Benefits :
  • Lessons : N/A
  • Games : N/A
Joining fees : 1000
Annual fees : 1000
Welcome Benefits : N/A
Quaterly Benefits : N/A
Annual Benefits : N/A
Forex markup charges : 3.5%
Fee reversal criteria : Joining Fees- Spend 10,000 within first 60 days. Annual Fees- Spend 1.2L in a year.
Minimum age : 21
Minimum ITR : 4,50,000
Minimum Salary : 35,000

BOB Premier Credit Card Welcome Benefits

  • Welcome benefit: Receive e-vouchers worth Rs. 5,000 from select brands. Enjoy shopping, travel, fashion, and more with these versatile vouchers. Elevate your lifestyle from the moment you get your BOB Premier Credit Card.
  • Explore premium choices in travel, clothing, footwear, and shopping.
  • Your gateway to luxury and rewards begins with this exclusive welcome offer.

BOB Premier Credit Card Reward Points/Cashback

The BOB Premier Credit Card offers:

  • Movie and dining benefits with free movie tickets and dining discounts.
  • Reward rate of 2.5% on groceries, dining, movies, and department store spending.
  • Redemption options for gift vouchers or statement balance.
  • Complimentary travel memberships and airport lounge access.
  • Golf privileges and insurance coverage.
  • Core rewards of 4% on transactions, 5X points on select categories, and 2% on other spends.
  • Milestone rewards on annual spending.
  • No rewards on wallet transactions.

BOB Premier Credit Card Reward Point Redemption

You can easily redeem your reward points with the BOB Premier Credit Card:

  • Redemption Options: You can use your reward points for gift vouchers and statement cash.
  • Redemption Fee: There is no fee for redeeming your points.
  • Transfer Partners: The card does not offer any transfer partners.
  • Value: Each reward point is worth Re. 0.25 when redeemed for gift vouchers, products, or cashback.

Pros of BOB Premier Credit Card

  • Attractive welcome benefits worth Rs. 5,000.
  • Access to domestic and international airport lounges.
  • Competitive reward rates on dining, groceries, and department store expenses.
  • Lucrative milestone rewards for high spenders.
  • Enjoy two complimentary movie tickets each month.

Cons of BOB Premier Credit Card

  • Lower reward rate compared to other premium cards.
  • Average returns on spending.
  • High renewal fee waiver requirement of Rs 10 lakhs.
  • Relatively high renewal fee of Rs. 4,999.

BOB Premier Credit Card Benefits

  • Welcome Perks: Enjoy a Rs. 5,000 Gift Voucher from top brands.
  • Milestone Rewards: Earn up to 15,000 Bonus Reward Points by meeting spending milestones.
  • Travel Advantages: Free lounge access, hotel discounts, and club memberships.
  • Airport Lounge Access: 2 domestic and 6 international lounge visits per year.
  • Movie and Dining Benefits: Complimentary/discounted movie tickets and dining offers.
  • Golf Privileges: Four free golf rounds, golf lesson, and discounts (MasterCard variant).
  • Concierge Service: Assistance with various services.
  • Lower Foreign Markup Fee: 1.99% on foreign transactions.
  • Annual Fee Waiver: Spend Rs. 10 lakhs to waive the annual fee.
  • Fuel Surcharge Waiver: 1% waiver on fuel transactions between Rs. 500 and Rs. 4,000, up to Rs. 250/month.

BOB Premier Credit Card Charges and Fee

  • Joining Fee: Rs. 1,000 (Can be waived by spending Rs. 10,000 within 60 days)
  • Annual Fee: Rs. 1,000 (Can be waived by spending Rs. 1,20,000 within 60 days)
  • Cash Withdrawal Charges at Domestic ATMs: 2.5% (Subject to a minimum of Rs. 200)
  • Cash Withdrawal Charges at International ATMs: 3% (Subject to a minimum of Rs. 250)
  • Finance Charges or Interest Rate: 3.25% per month or 39% per annum
  • Duplicate Bill: Rs. 25 per bill
  • Cheque Return/Dis-honored Charges: Rs. 300 or 2% of the cheque amount (whichever is higher)
  • Exceeding Credit Limit Charges: 1% over and above the sanctioned credit limit per month
  • Card Replacement Charges: Rs. 100 per card
  • Charge Slip Retrieval Charges: Rs. 250 per Charge-Slip
  • Foreign Currency Transaction Fee: 3.5% of the transaction amount
  • Limit Enhancement: No Fee
  • De-Blocking Charges: Rs. 300
  • Late Payment Charges:
    • Up to Rs. 500: NIL
    • Rs. 501 to Rs. 2,500: Rs. 300
    • Above Rs. 2,500: Rs. 500

Frequently Asked Questions

  • Q: How can I apply for the BOB Premier Credit Card?
    A: You can apply for the BOB Premier Credit Card online through the Bank of Baroda website or by visiting a Bank of Baroda branch.
  • Q: What is the eligibility criteria for this card?
    A: Eligibility criteria typically include a minimum age, income requirement, and credit score. Check with Bank of Baroda for the specific criteria.
  • Q: Can I get my annual fee waived?
    A: Yes, the annual fee can be waived on annual spends of Rs. 10 lakhs or more.
  • Q: How do I redeem reward points?
    A: You can redeem reward points for various categories such as flight or hotel bookings, shopping, products, gift vouchers, and more. Each Reward Point holds a value of Re. 0.25, making it a valuable benefit. Redemption is hassle-free, with options like cashback as a statement credit, and there are no additional redemption fees.