The Bank of Baroda is an Indian public sector bank, which has its headquarters in Vadodara, Gujarat. It is the second largest public sector in India, with more than 9000 branches and 10,000 ATMs across India. The bank has a larger customer base and offers a wide range of financial products.

This bank was founded in 1908 by Sayajirao Gaekward III, with the help of other industrial stalwarts of Baroda, who were Sampatrao Gaekward, Ralph Whitenack, Vithaldas Thakersey, Lallubhai Samaldas, Tusildas Kilachand, and NM Chokshi. The head office was established in Baroda, and two years later, the first branch was opened in Ahmedabad. The bank also expanded its overseas branches in Kenya, Uganda, and Tanzania.

Bank of Baroda – Premier Credit Card

The initiation of the Premier Credit Card by the Bank of Board has simplified the financial transactions of its customers. As the name suggests, the credit card covers the premier purchases, which are essential for uplifting the standard of your lifestyle. This credit card comes with a plethora of benefits and offers that the customers can avail themselves of throughout their lifetime on its usage.

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The Premier Credit Card is exclusively for resident Indians, who can enjoy shopping within the country as well as international transactions. Some of the popular features of this credit card are airport lounge access, free insurance plans, rewards points, and many others. Customers who have a wide range of essentials to purchase can opt for Bank of Baroda’s Premier Credit Card.

Features and Benefits of Bank of Baroda’s Premier Credit Card

The Bank of Baroda’s Premier Credit Card comes with various interesting features and benefits for the customers to make their purchases more memorable and meaningful. The following table exemplifies the features and benefits of this credit card:

Features and Benefits	Description
Rewards Points Programme	The bank offers 2000 reward points as a welcome offer. 10 reward points (5X) for every ₹ 100 purchase in all categories. Reward points can be redeemed for cashback and offers.
Airport Lounge Access	Free access to 35 airport lounges across 22 Indian cities 4 complimentary lounge access for spending at ₹ 20,000 at domestic airports.
EMI Options	Purchases above ₹ 2,500 can be converted into Easy Monthly Instalments (EMI).
Insurance Coverage	The credit card comes with accidental insurance coverage for the cardholder and his/her family members.
Gift vouchers and Merchandise	Cardholders can redeem their rewards on these options.
Annual Fee Waiver	Purchase for ₹ 10,000 in the first 60 days and ₹ 1.2 lakhs in a year to avail of the annual fee reversal.
Zero Liability on Loss of Card	Cardholders can remain 0% liable once the loss of the card is informed to the bank.
Interest-Free Period	Cardholders can enjoy interest-free for up to 50 days.
Fuel Transaction	1% fuel surcharge waiver for transactions ranging from ₹ 400 to ₹ 5,000.
Add-On Options	The cardholder can avail 3 lifetime add-on cards for spouses, siblings, parents, and kids above the age of 18 years.
Revolving Credit Option	The cardholder can pay the minimum due amount.
Travel and Dining	Cardholders can earn 5X reward points on spending at every ₹ 100 on dining and travel.
Cashback Offers	Customers redeem reward points as cashback.
Rewards Conversion	A reward point can be converted at the rate of ₹ 0.25.

Apart from the above-mentioned features and benefits, the Bank of Baroda’s Primer Credit Card comes with a wide range of reward programs:

Rewards	Reward Point Rate
Household Expenses
Groceries	2.0%
Transportation	0
Utilities	1.0%
Lifestyle Expenses
Clothing and Fashion	2.0%
Technology and Electronics	2.0%
Food and Dining	2.0% (5x on dining spends)
Entertainment	2.0%
Travel and Leisure	2.0% (5x on travel spends)

Bank of Baroda Premier Credit Card Fees

Fee Type	Amount
Joining Fee	₹ 1,000
Annual Fee	₹ 1,000
Cash Withdrawal on Domestic ATMs	2.5% of the transaction amount with the minimum amount of ₹ 300.
Cash Withdrawal on International ATMs	3.0% of the transaction amount with the minimum amount of ₹ 300.
Finance Charges or Interest	3.25% per month or 39% per annum.
Duplicate Bill Fee	₹ 25 per request.
Cheque return charges	2% of the cheque amount or ₹300, whichever is higher.
Over Limit Charges	1% if the transaction exceeds the approved credit per month.
Card Replacement Charges	₹ 100 per request.
Foreign Currency Transaction Fee	3.5% of the transaction amount.
Charge Slip Retrieval Charges	₹ 250 per slip
Card de-blocking Charges	₹ 300 per instance
Late Payment Charges	< ₹ 200 – NIL ₹ 201 to ₹ 500 - ₹ 100 ₹ 501 to ₹ 1000 - ₹ 400 ₹ 1,001 to ₹ 10,000 - ₹ 500 More than ₹ 10,001 - ₹ 750

Eligibility to Apply for the Bank of Baroda Premier Credit Card

The cardholder must be a resident individual of India. NRIs are not eligible for this card.
He or she must have Indian Citizenship
The minimum age is 18 years old, and the maximum is 65 years old.
The salaried individual must have an income of ₹ 3,00,000 per annum, whereas ₹ 25,00,000 per annum is for self-employed persons.
The applicant must have a credit score of 750 or above. However, the bank may also consider other viable options to approve this credit card.

Document Required to Apply for Bank of Baroda Premier Credit Card

These required documents are necessary to process your credit card application as well as to examine the proof of address and salary. Two types of applicants avail themselves of the Bank of Baroda’s Premier Credit Card: Salaried Employees and self-employed individuals.

The following table enumerates the required documents for both salaried employees and self-employed

Required Document for Salaried Employee and Self-Employees

Completed Application Form

Passport-Size Photos

Proof of Identity

Proof of Residence

PAN Card

The following table enumerates the different documents required for both salaried employees and self-employed.

Salaried Employee

Self-Employed

A personal account in the Bank of Baroda.
Latest Form 16 or ITR copy.
Latest salary slips.
Bank Statements.

Last three years audited business sheet.

Profit and Loss Account details.

Income proofs.

Business proofs.

Bank Statements.

How to Apply for the Bank of Baroda Premier Credit Card Offline?

Step 1: Visit the nearest branch of the Bank of Baroda.

Step 2: Request a credit card application form. Select the option Premier Credit Card; the Bank of Baroda offers a wide range of credit cards.

Step 3: Furnish your details correctly and enclose all the necessary documents and KYC documents.

Once you have submitted the application form, the bank will get back to you after processing it. However, the processing may take at least one day, i.e., 24 hours. It is advisable to keep track of the status of your credit card application.

Disclaimer: However, the processing of the application may take more time, and the procedures to avail credit card may also differ. Because the bank examines your credit score, salary details, profits from business, and capability to repay the credit amount.

How to Apply for the Bank of Baroda Premier Credit Card Online?

Step 1: Go to the official website of the Bank of Baroda.

Step 2: Navigate your cursor to the tab “Digital Products,” which is in the header of the website.

Step 3: A medium-sized dialogue box will open. Navigate your cursor to the option “Cards,” and that will display the following options:

Debit Card
Credit Card
Prepaid Card

Step 4: Select the option “Credit Card.”

Step 5: On the next page, you will be able to see a wide range of credit cards offered by the Bank of Baroda. Here, click the option “BOBCARD PREMIER.”

Step 6: You will be taken to a new page that displays all the details related to the Bank of Baroda’s Premier Credit Card. On this page, click the option “Apply Now” which is in the top-left corner of the website.

Step 7: A new page will open. Here enter the following details:

Title
First Name
Middle Name (Optional)
Last Name
Personal Email ID
Mobile Number (Aadhaar Linked)
Current Address with PIN Code
PAN Number
Date of Birth
Nationality

Step 8: After entering the above-mentioned details, click the two check boxes to confirm your approval for the application of the Bank of Baroda’s Premier Credit Card.

Step 9: Click the tab “Generate OTP.”

Step 10: You will get the One-Time Password (OTP) to the mobile number that you have entered. Enter the OTP and click “Submit.”

Step 11: Select the type of card that you want to apply for, i.e., “Premier Credit Card,” and click “Apply.”

Step 12: On the next page, you need to complete your e-sign application. Upload your scanned sign on the respective tab and click “Submit.”

Step 13: A new interface will be opened. Here, you need to complete the video KYC. Ensure that you read the required details properly without any noise pollution. Also, make sure that your face is properly visible to the camera.

Step 14: After completing the above-mentioned procedures, click “Submit.”

The bank website displays a successful submission of online credit card applications. However, the activation time takes a minimum of a day, i.e., 24 hours. After that, the bank will contact you through SMS or email address.

Disclaimer: The following significant measures needed to be taken care of before the online application for the credit card application:

Although the online processes are completed from your side, the bank examines your details thoroughly. So, furnish your correct information without slight mistakes.
During the video KYC, ensure that you have a decent background with proper visibility of your face and free from any noise pollution. If you have poor visibility of your face with improper mic settings and noise disturbances, your credit card application can be rejected.

Pros and Cons of the Bank of Baroda Premier Credit Card

The Premier Credit Card provides customers with instant cash requirements and empowers their purchasing power. However, some drawbacks need to be addressed before opting for a credit card.

Pros		Cons
Cash Back Offers	The credit card comes with many enticing cashback offers that save you money.	Interest rates	The interest rates may fluctuate or vary depending on the purchasing level.
More Rewards	Customers can avail themselves of more rewards on various categories of purchases.	Debt Accumulation	Customers who have missed the payments may face debt accumulation.
Welcoming Offers	The credit card comes with a welcoming offer of 2000 reward points.	Fees	Some hidden fees on certain purchases may go unnoticed during the application processing.
Discounts and Gifts	There are many discounts and gifts available for purchases both online and offline.	Credit Score Impact	Irregular payment on repayment may impact credit score.
Easy Payments	The Bank of Baroda enables its customers to repay the credit amount easily.	Missed Payments	The missed repayment incurs penalty charges.

Conclusion

The Premier Credit Card from the Bank of Baroda provides easy access to cash requirements for customers. Due to various features and benefits, customers can avail themselves of cashback, discounts on product purchases, gift vouchers, and many other interesting offers from the bank.

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The easy access to the airport lounge through this credit card, also facilitates the customers to have seamless shopping and financial transactions. However, it is also advisable to consider the cons of this credit card before opting for it.

FAQs Related to Bank of Baroda Premier Credit Card

1. Who is eligible to get the Bank of Baroda’s Premier Credit Card?

Only the resident Indians who are 18 years of old and below 65 years of old are eligible for this credit card type.

2. Is it necessary to open a bank account in the Bank of Baroda?

Yes, it is necessary to open a bank account in the Bank of Baroda.

3. Can I apply for this credit card with a salary of ₹ 10,000 per month?

No, you cannot apply for this credit with this salary.

4. What are the mandatory documents that are to be submitted during the process of this credit card application?

You need to submit your identity proof, address proof, PAN card, income proof of both salary and self-employed, and bank statements.

5. Is it safer to apply for this credit card in an online application?

Yes, it is completely safe to apply in online mode.