Bank of Baroda Premier Credit Card: Rewards, Benefits & How to Apply

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.

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:

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

Bank of Baroda Premier Credit Card Fees

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

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

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.

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. 

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.

Apply for Loans Fast and Hassle-Free

Apply Now

About the Author

LoansJagat Team

We are a team of writers, editors, and proofreaders with 15+ years of experience in the finance field. We are your personal finance gurus! But, we will explain everything in simplified language. Our aim is to make personal and business finance easier for you. While we help you upgrade your financial knowledge, why don't you read some of our blogs?