BOB Premier Credit Card | Features | Benefits | Review

BoB Premier credit card powered by Visa Signature is fit to fulfill your lifestyle needs. The card provides 5X rewards on international spending, travel, and dining.

BEST Bank of Baroda Credit Cards Here

Moreover, travelers can enjoy complimentary lounge access and 24/7 concierge services. Furthermore, the card also offers 2 reward points for making transactions in other categories. These are some key highlights of this credit card and to learn more about its features and benefits read this post till the end.


BoB Premier Credit Card
BoB Premier Credit Card

Read More: BoB Card Status

BoB Premier Credit Card Features

Given below are the key features of the BoB Premier credit card.

Exclusive Privileges

Premier credit cardholders can enjoy exclusive privileges like domestic airport lounge access and  24 x 7 concierge services. A list of airport lounges is available here.

Make Card Lifetime Free

Moreover, you can waive off your premier credit card joining and annual fees. Spend 10,000 rupees within the first 2 months to waive off the joining fees. Similarly, to waive off annual fees you need to spend 1,20,000 rupees or more within a year.

5X Reward Points on Dining & Travel

  • This means the cardholder will get 10 reward points on the spending of every 100 rupees on their travel and dining bills.
  • Moreover, the same reward points will be earned on the transactions made abroad.

Multiple Redemption Options

Similar to other BoB credit cards this credit card is also eligible to redeem the accrued reward points into cash. Moreover, you can also use the reward points to enjoy the offers available in the BoB rewards catalogue.

Fuel Surcharge Waiver

  • Premier credit cardholders will get a 1% fuel charge waiver on making transactions at fuel pumps with this credit card.
  • However, the fuel surcharge waiver is eligible for only Indian fuel pumps.
  • The fuel transaction should remain between 400 to 5000 rupees.
  • However, a user can earn a maximum waiver of 250 rupees in a month.
  • This credit card does not provide reward points on fuel transactions.

Easy EMI Option

With a Premier credit card, one can avail the benefit of converting the big purchases to EMIs. However, the minimum transaction amount is 2,500 and the tenure will be 6 to 12 months.

Read More: Bank of Baroda Credit Card Customer Care


BoB Premier Card Benefits

The BoB premier card is compatible enough to provide amazing benefits to cardholders. In this section, we have displayed some of its prime benefits.

Insurance Cover

The financial protection of your family also comes with this credit card. Once, you are approved for this credit card you are eligible to get personal accidental death cover.

Add On Card for free

The premier credit cardholders can avail themselves of a maximum of 3 add-on credit cards for their family members who are above 18 years of age. i.e. parents, spouse, and siblings.

Lost Card Liability

You are also protected with zero lost card liability if you immediately report to the bank about your credit card loss. You have no liability for the fraudulent transactions that happened after you have reported to the bank about your card loss.

Revolving Credit Facility

With a “Revolving credit facility” the cardholders can comfortably finance their spends by paying just the minimum due amount.

Interest-Free Credit Facility

You can also avail yourself of the 50 days interest-free credit period.

Read More: BOB Eterna Credit Card


BoB Premier Credit Card Eligibility

Every credit card application has to fulfill the eligibility criteria set by the card issuer. The same needs to be done with the BoB premier card. Check out the eligibility information in this section.

1. ResidentIndian
2. Age21 to 65 years
3. Salary7 Lakh 20 Thousand per annum

BoB Premier Card Documentation

You have to provide some important documents to apply for a Premier credit card. We have mentioned the list of documents in the following table.

For SalariedFor Self Employed
Address and Identity ProofIdentity and Address Proof
ITR Return or Latest Form 16Profit and Loss Statement
Previous 3 years balance sheetBoB Personal Bank Account
Color PhotographColor Photograph

BoB Premier Credit Card Apply

As banking goes digital one can apply for the BoB premier card online by providing their basic information in the online application form.

The online application form for the BoB premier card is as same as the BOB Select Credit Card. This link will help you to apply for the premier credit card online.

After opening this link you will find a simple form and you have to enter all your required details to generate the OTP. On the basis of your provided information, the bank will contact you or suggest you a perfect credit card.


BoB Premier Credit Card Fees and Charges

The important fees and charges of the BoB premier card are published in the following table. This consists of joining and the annual fees of the premier credit card.

1. Joining FeesINR 1000 + GST
2. Annual FeesINR 1000 + GST
3. Cash Withdrawal Charges2.5% or a minimum of 300 on the transacted amount at domestic atm
3% or a minimum of 300 on the transacted amount at international atm
4. Duplicate Bill chargesINR 25 per request
5. Interest Charges3.25% per month or 39% per annum
6. Over limit Charges1% on the over usage of the available sanctioned limit
7. Forex Markup Charges3.5% per transaction
8. Late Payment ChargesNil- Less than 200 rupees
100- Between 201 to 500 rupees
400- Between 501 to 1000 rupees
500- Between 1001 to 10000 rupees
750- More than 10000 rupees

Conclusion

BOB Premier Credit Card is best for those who do international transactions and spend on lifestyle. The 5X reward system on these categories helps the card user to earn reward which they can redeem later against cashback and other reward options.

Moreover, it comes with zero lost card liability, airport lounge access, and concierge services. Cardholders with stable monthly income can surely give a try to this credit card and can earn reward points against their spending.

Suggested Read

1. BOB Eterna Credit Card2. BOB Select Credit Card
3. BOB Easy Credit Card4. BOB ICAI Exclusive Credit Card
5. BOB ICSI Diamond Credit Card6. BOB CMA ONE Credit Card
7. BOB Prime Credit Card

FAQs

Is there any monthly capping on 5X Rewards?

Yes, the cardholder can earn a maximum of 2000 reward points in the 5X reward category. Crossing the monthly capping will result in a normal reward rate.

How much I have to spend to get a joining fee waiver?

Spend 10K rupees in the first 60 days to waive off the joining fees.

How much I need to spend annually to waive off the annual fees?

A Premier cardholder has to spend 1,20,000 rupees or more within a year to waive off the annual fees.

How many reward points I will earn in other categories?

The premier cardholders will earn 2 reward points for every 100 rupees spent on all other categories.

What are the salary criteria for applying for Bob Premier Credit Card?

The applicant must possess an annual income of 7,20,000 for applying for the Bob Premier credit card.

Disclaimer: All the information published here are for informational and educational purposes only. Moreover, all these information are researched from official sources. However, we will not warranty the information to be accurate and completed. Do not share your bank details or personal details in the comment box. For more queries visit the official website.

Leave a Comment