The Bank of Baroda Prime Credit Card is a popular secured credit card offered by BoB Financial, a subsidiary of Bank of Baroda. This card is issued against a fixed deposit of ₹15,000 or more, and no income proof is required, making it accessible to a wide range of customers. The Prime Credit Card is a lifetime free card, which means you don’t have to pay any annual fees to enjoy its benefits.
With the Bank of Baroda Prime Credit Card, you earn 2 reward points for every ₹100 spent across all categories, which is equivalent to a 1% cashback. These points can be easily redeemed for a variety of exclusive options, such as shopping, gift vouchers, and more, offering great flexibility in how you use your rewards.
In addition to earning reward points, the Prime Credit Card comes with several other advantages, including accidental insurance coverage, a fuel surcharge waiver, and zero liability cover in case of fraudulent transactions. This makes it a comprehensive financial tool for cardholders.
The Bank of Baroda Prime Credit Card is an excellent option for individuals without a credit history, as it provides a straightforward way to build and improve credit scores while offering valuable benefits without the burden of annual fees.
Overview
| Feature | Details |
|---|---|
| Card Type | Rewards Credit Card |
| Reward Rate | 4 reward points for every ₹100 spent |
| Reward Value | 1 reward point ≈ ₹0.25 |
| Annual Fee | No annual fee |
| Unique Selling Points | No joining fee, reward points on all spends, fuel surcharge waiver |
| Rating (out of 5) | 4.2 |
Bank of Baroda Prime Credit Card Welcome Benefits
| Welcome Benefit | Details |
|---|---|
| Reward Points | 500 reward points on first usage |
Bank of Baroda Prime Credit Card Charges
| Fee Type | Details |
|---|---|
| Joining Fee | None |
| Renewal Fee | None |
| Finance Charges | 3.49% per month (41.88% per annum) |
| Late Payment Fee | ₹100 to ₹1,300 based on the outstanding balance |
| Foreign Transaction Fee | 3.5% + GST |
| Rent Payment | 1% fee using third-party apps like CRED, Paytm |
| Education | 1% fee using third-party apps |
| Utilities | No additional charges |
Bank of Baroda Prime Credit Card Benefits
This card provides various benefits:
- Fuel Surcharge Waiver: 1% fuel surcharge waiver on transactions between ₹400 to ₹5,000.
- Interest-Free Credit: Up to 50 days of interest-free credit from the date of purchase.
- EMI Options: Convert big purchases into easy monthly installments.
Rewards
| Spend Category | Reward Rate |
|---|---|
| General Spending | 4 reward points for every ₹100 spent |
| Fuel, Utilities, and Insurance | 1 reward point for every ₹100 spent |
| Reward Value | 1 reward point ≈ ₹0.25 |
| Rewards Expire in | 3 years |
Milestone Benefits
| Spending Milestone | Reward Earned |
|---|---|
| Annual Spend of ₹50,000 | Renewal fee waiver |
Redemption
Reward points can be redeemed for:
- Shopping Vouchers: Redeem points for shopping vouchers from leading brands.
- Air Miles: Convert reward points into air miles with partnered airlines.
- Cashback: Convert points to cashback credited to your card account.
Gift Vouchers Available
| Category | Brands |
|---|---|
| Shopping | Amazon, Flipkart |
| Electronics | Croma |
| Travel | MakeMyTrip, Yatra |
| Dining | Zomato, Swiggy |
| Entertainment | BookMyShow |
Airport Lounge Access
| Access Type | Details |
|---|---|
| Domestic Lounges | Not available |
| International Lounges | Not available |
Forex Markup Fee
| Fee Type | Details |
|---|---|
| Forex Markup Fee | 3.5% + GST on all international transactions |
Eligibility
To apply for the Bank of Baroda Prime Credit Card, applicants must meet the following criteria:
- Age: 18 to 65 years
- Income: Stable income required
- Documents Required: Aadhar Card, PAN Card, proof of income (latest bank statements/salary slips, ITR), and residence proof.
Bank of Baroda Prime Credit Card Review
The Bank of Baroda Prime Credit Card is a suitable option for those who want to earn rewards on their daily spending without incurring high costs. The card’s first-year no-fee offer and annual fee waiver upon meeting the spending criteria make it an affordable choice. With rewards on every spend category, this card is beneficial for users who want to earn points that can be redeemed for various benefits, including shopping vouchers and cashback. While the lack of lounge access may be a drawback for frequent travelers, the overall package of low fees and consistent rewards makes this card a valuable option for everyday use.
Overall Rating: 4.2
- Benefits: 4.3
- Fees: 4.5
- Customer Service: 4.0
Bank of Baroda Prime Credit Card Pros and Cons
| Pros | Cons |
|---|---|
| No joining fee and low renewal fee. | No airport lounge access. |
| Reward points on all spends. | Limited reward categories for higher earnings. |
| Fuel surcharge waiver. | High foreign transaction fee. |
Similar Cards to Bank of Baroda Prime
| Feature | Bank of Baroda Prime Credit Card | HDFC MoneyBack Credit Card | SBI SimplySAVE Credit Card |
|---|---|---|---|
| Annual Fee | None | ₹500 + GST | ₹499 + GST |
| Lounge Access | Not available | Not available | Not available |
| Reward Rate | 4 reward points per ₹100 spent | 2 reward points per ₹150 spent | 1 point per ₹100 spent |
| Reward Value | 1 point ≈ ₹0.25 | 100 points = ₹20 (statement credit) | 1 point ≈ ₹0.25 |
| Special Benefits | Fuel surcharge waiver, low fees | Cashback rewards, fuel surcharge waiver | High rewards on everyday categories |
Relevant Links
To help our readers navigate our website and find additional relevant content, here are some internal links you might find useful:
For more detailed information about Bank of Baroda credit cards and other financial products, you can visit the official Bank of Baroda website.
FAQ
What is the annual fee for the Bank of Baroda Prime Credit Card?
The annual fee is none
How can I earn reward points with the Bank of Baroda Prime Credit Card?
You can earn 4 reward points for every ₹100 spent, with specific categories earning different rates.
How can I redeem the reward points earned with the Bank of Baroda Prime Credit Card?
Reward points can be redeemed for shopping vouchers, air miles, or cashback.
Does the Bank of Baroda Prime Credit Card offer any fuel benefits?
Yes, the card offers a 1% fuel surcharge waiver on transactions between ₹400 to ₹5,000.
What are the milestone benefits of the Bank of Baroda Prime Credit Card?
The card offers a renewal fee waiver upon spending ₹50,000 annually.
Is the Bank of Baroda Prime Credit Card worth it for reward seekers?
Absolutely. With reward points on every spend, no joining fee, and fuel surcharge waiver, this card provides good value for everyday expenses.
