Bank of Maharashtra Credit Card: Features, Benefits & How to Apply

Key takeaways:
 

• The Bank of Maharashtra Credit Card offers both standard and secured options, ideal for working professionals, students, and retirees.
   
• With no joining fee and a simple application process, the Bank of Maharashtra credit card suits both first-time and experienced users.
   
• Fuel surcharge waivers, EMI flexibility, and reward points make the Bank of Maharashtra credit card practical for daily spending.
   
• The secured Bank of Maharashtra Credit Card is especially useful for people without a credit history or income proof.

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A Bank of Maharashtra Credit Card helps customers make purchases and payments easily while enjoying cashback, reward points, and other digital benefits.

Ravi, a 35-year-old teacher in Nagpur, earns ₹50,000 per month. He regularly shops online, spends ₹5,000 monthly on petrol, and another ₹10,000 on groceries. After using his Bank of Maharashtra Credit Card, he saved ₹200 monthly through fuel surcharge waivers and earned 150 reward points for his monthly purchases. 

Over a year, Ravi saved ₹2,400 on fuel and earned 1,800 reward points, which he later converted into shopping vouchers worth ₹900. Since it’s a lifetime free card, he didn’t pay any joining fee. This made the Bank of Maharashtra Credit Card a great choice for his daily expenses.

This blog will cover all the details about the Bank of Maharashtra Credit Card, including benefits, charges, features, application process, and activation steps.

The Bank of Maharashtra Credit Card is ideal for users who want to enjoy digital rewards, cashback, EMI options, and zero-cost card features. It suits working professionals, students, and even first-time credit users due to the availability of both secured and unsecured cards.

Having a credit card that offers flexibility, online convenience, and added savings is essential. The Bank of Maharashtra has built its credit card programme with those very benefits in mind, while ensuring ease of access through a simple online application.

Recent data shows that India crossed 100 million credit card users in 2024, and the demand for low-fee, benefit-rich cards is growing. The Bank of Maharashtra Credit Card is among the few government-backed options catering to this trend.

Key Highlights of Bank of Maharashtra Credit Card

Before diving into the benefits and fees, let’s look at the main features that make this card a good option for everyday users.

This table summarises the top features of the Bank of Maharashtra Credit Card, so you can decide quickly whether it suits your lifestyle.
 

As seen above, the Bank of Maharashtra Credit Card comes with strong starter benefits, fuel savings, and digital convenience, all without a joining fee in the first year.

Benefits of Bank of Maharashtra Credit Card

The Bank of Maharashtra Credit Card offers a mix of digital features and financial rewards. From first-time users to experienced cardholders, it provides real-world savings on everyday spending.

Let’s understand these benefits better. Below are the core benefits that users enjoy with a Bank of Maharashtra Credit Card, making it a practical choice for daily and lifestyle expenses.

• Lifetime Free Option: Some cards, like the secured version, have no joining or renewal fees.
   
• Welcome Bonus: Earn 100 reward points on your first spend of ₹1,000 or more.
   
• Fuel Surcharge Waiver: Save 1% on fuel transactions between ₹500 to ₹4,000, up to ₹200 per month.
   
• EMI Conversion Facility: Convert purchases above ₹2,500 into manageable monthly EMIs.
   
• Add-On Card: Share benefits with family using a free add-on card.
   
• Card Protection: Zero liability on lost or stolen card, if reported immediately.

Rajesh, a 40-year-old government employee, spends ₹3,000 on petrol and ₹12,000 on groceries each month. By using his Bank of Maharashtra Credit Card, he saves ₹200 per month on fuel and earns 150 reward points. He also converted a ₹5,000 electronics purchase into 3 EMIs, making it easier on his budget.

From cashback and EMIs to security and add-on features, the Bank of Maharashtra Credit Card offers useful benefits that help save money and simplify spending.

Bank of Maharashtra Credit Card Cashback & Rewards

One of the biggest reasons to use a credit card is to earn rewards on everyday spending. The Bank of Maharashtra Credit Card allows users to collect reward points on almost every purchase and redeem them for vouchers or products.

Let’s see how many rewards you can earn based on different spending patterns.
 

Divya, a freelance designer, spends around ₹33,000 every month using her Bank of Maharashtra Credit Card. She earns 380 points monthly and saves ₹200 on fuel. Annually, this gives her over 4,500 points and fuel savings worth ₹2,400, which can be redeemed for ₹1,500 in vouchers.

With regular usage, the Bank of Maharashtra Credit Card helps you earn valuable reward points and real savings on fuel and online spending.

Bank of Maharashtra Credit Card Fees & Other Charges

Every credit card has some applicable fees. The Bank of Maharashtra Credit Card keeps it transparent and easy to understand, especially for those using a card for the first time.

Here is a list of all major charges that users should be aware of before using the card:
 

Sneha, an IT employee, accidentally went over her limit by ₹3,000. She was charged ₹500 over-limit fee. She also missed a payment and was charged 2.5% monthly interest, which came to ₹250 on a ₹10,000 balance.

While using the Bank of Maharashtra Credit Card, understanding the charges helps avoid unnecessary penalties and encourages smart usage.

Late Payment Fee Applicable on Bank of Maharashtra Credit Card

Missing credit card payments can lead to late fees. The Bank of Maharashtra Credit Card uses a tiered system to decide how much you pay based on your unpaid amount.

Let’s break down the late payment fee based on how much your unpaid bill is:
 

Aditya forgot to pay his bill of ₹9,000. The Bank of Maharashtra Credit Card charged him a ₹600 late fee. This added to his monthly interest of ₹225 (2.5% of balance), increasing his burden the next month.

Paying on time is essential. The Bank of Maharashtra Credit Card can impose late fees up to ₹750 if bills are unpaid, which can add up quickly.

Bank of Maharashtra Credit Card Pros & Cons

Every credit card comes with advantages and some limitations. The Bank of Maharashtra Credit Card balances affordability and benefits, but it may not suit all users.

Let’s review the main pros and cons of using the Bank of Maharashtra Credit Card:
 

Neha, a postgraduate student with an FD of ₹15,000, opted for the secured Bank of Maharashtra Credit Card. She paid no joining fee and enjoyed fuel surcharge waivers. However, she was disappointed with limited travel offers, which were more common in private bank cards.

While the Bank of Maharashtra Credit Card is ideal for savings-focused users, frequent travellers or luxury spenders may need additional features from premium cards.

Eligibility Criteria for Bank of Maharashtra Credit Card

Eligibility depends on whether you're applying for the standard or secured Bank of Maharashtra Credit Card. The standard card is income-based, while the secured card only requires a fixed deposit.

The table below explains the eligibility requirements for both credit card types:
 

The Bank of Maharashtra Credit Card suits various users, whether salaried, students, or those building credit for the first time.

Required Documents to Apply for Bank of Maharashtra Credit Card

Whether you apply for the regular or secured version, you must complete KYC and submit supporting documents. It ensures your identity, income, and banking relationship are verified.

Here’s a clear comparison of the documents required for both card types under the Bank of Maharashtra Credit Card Scheme:
 

Collecting the right documents in advance makes the application process for the Bank of Maharashtra Credit Cards smooth and hassle-free.

How to Apply for Bank of Maharashtra Credit Card?

Applying for a Bank of Maharashtra Credit Card is fully digital and quick. You can apply for both types of cards through the bank’s self-care portal or by visiting a branch.

Follow these easy steps to apply for your Bank of Maharashtra Credit Card online:

1. Visit https://creditcard.bankofmaharashtra.in
    
2. Click on “New User Registration.”
    
3. Enter your customer ID (CIF number) and captcha code.
    
4. On the next screen, enter your credit card number.
    
5. An OTP will be sent to your registered mobile number.
    
6. Enter the OTP and set a password for future logins.
    
7. Log in to your account using your customer ID and password.
    
8. Click on “Menu”> “Requests”> “Activate Card”
    
9. Your card will be activated successfully.

With the Bank’s simple online portal, applying for the Bank of Maharashtra Credit Card takes less than 15 minutes and requires no paperwork if you're an existing customer.

How to Activate Bank of Maharashtra Credit Card?

Once your card is delivered, it must be activated before use. The Bank provides an easy way to activate your Bank of Maharashtra Credit Card online through its official self-care portal.

Follow the step-by-step guide below to activate your Bank of Maharashtra Credit Card:

1. Visit https://creditcard.bankofmaharashtra.in.
    
2. Click “New User Registration”.
    
3. Enter your Customer ID (CIF) and captcha code.
    
4. Enter your card number on the next screen.
    
5. You will receive an OTP on your registered mobile number.
    
6. Enter the OTP and click “Continue”.
    
7. Create your login password and submit.
    
8. Log in with your new credentials.
    
9. From the menu, select “Requests” > “Activate Card”.
    
10. Your Bank of Maharashtra Credit Card is now active.

With the self-care portal, activating the Bank of Maharashtra Credit Card is simple, fast, and doesn’t require any in-person visit.

How to Set PIN for Bank of Maharashtra Credit Card?

After activation, you need to generate a secure PIN to use the card at ATMs or POS machines.

Here is how to set or change your Bank of Maharashtra Credit Card PIN online:

1. Visit https://creditcard.bankofmaharashtra.in.
    
2. Log in using your Customer ID and password.
    
3. Go to “Menu”> “Requests”> “Green PIN”.
    
4. Enter your card details, registered mobile number, and email ID.
    
5. Select the reason (e.g., PIN generation).
    
6. Submit the request.
    
7. Enter the OTP received on your mobile.
    
8. Set your desired 4-digit PIN.
    
9. Click “Submit”.
    
10. Your new PIN is now active.

The PIN generation process is user-friendly and ensures your Bank of Maharashtra Credit Card remains secure for everyday usage.

Conclusion

The Bank of Maharashtra Credit Card is a practical choice for individuals who want a secure, rewarding, and easy-to-manage card. It combines essential features like cashback, EMI options, and strong fraud protection, all in one card.

The digital application process is smooth and user-friendly, and many card variants come with zero joining fees, making it suitable for first-time credit card users, salaried professionals, and even students.

In today’s growing fintech landscape, users prefer cards that offer both cost-saving benefits and convenience. This card stands out by blending the trust of a public sector bank with the ease of modern digital tools.

For those new to credit, the secured credit card option is especially helpful. It requires minimal paperwork and offers a safe way to build a credit profile without overspending or risk.

FAQ: 

1. Can the Bank of Maharashtra Credit Card be linked with UPI apps for credit-based transactions?

While many debit cards are UPI-compatible, the Bank of Maharashtra Credit Card currently doesn’t support direct UPI payments via RuPay credit. However, this feature may be introduced in future RuPay variants.

2. Does the card allow balance transfer from other bank credit cards, and are there special rates for it?

Yes, the Bank of Maharashtra Credit Card supports balance transfers from other credit cards. Promotional interest rates may be offered on such transfers, especially during festive seasons or new user onboarding.

3. Is there a card management app or platform for viewing transactions and rewards in real time?

Yes, cardholders can use the Bank of Maharashtra’s mobile banking app or internet banking platform to monitor credit card statements, reward points, and EMI conversions.

4. What type of credit score does the Bank of Maharashtra consider ideal for unsecured card approval?

Typically, a credit score of 700 and above is considered suitable for unsecured variants. However, applicants with lower scores may still qualify for secured card options against fixed deposits.

5. Are there any automatic reward redemption options or do points need to be manually claimed?

Reward points are not auto-redeemed. Cardholders must manually choose from the bank’s rewards catalogue via internet banking or customer care to redeem their accumulated points.

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LoansJagat Team

‘Simplify Finance for Everyone.’ This is the common goal of our team, as we try to explain any topic with relatable examples. From personal to business finance, managing EMIs to becoming debt-free, we do extensive research on each and every parameter, so you don’t have to. Scroll up and have a look at what 15+ years of experience in the BFSI sector looks like.