Bank of Baroda Easy Credit Card
Bank of Baroda ( BoB ) Easy Credit Card
Fee
Joining Fee: Rs. 500 (Lifetime Free for a limited time)
Annual Fee: Rs. 500 (Lifetime Free for a limited time)
Ideal for
Shopping
Reward Type
Reward Points
Welcome Benefits
NA
About Bank of Baroda Easy Credit Card
Bank of Baroda Easy Credit Card could be your reliable companion for seamless and rewarding transactions. Without any joining or renewal fees, it’s budget-friendly right from the start. As an extra welcome gesture, you’ll enjoy the special benefit of having a lifetime free credit card which is currently for a limited period.
However, that’s just the beginning – this card is dedicated to indulging you with rewards. You’ll collect a generous 5x Reward Points for every Rs. 100 spent on movies, groceries, and departmental stores. Even for other categories, you’ll consistently earn 1 Reward Point for every Rs. 100 spent. And when it comes time to settle your card bill, get ready for an 0.5% cashback!
But hold on, there’s more! It’s not just about accumulating points; it’s about creating memorable experiences. Picture yourself enjoying the added security of zero liability protection in case of card loss or any unauthorized activity. To make the offer even sweeter, spend Rs. 6000 within 60 days for a joining fee waiver, and Rs. 35000 in a year for an annual fee waiver.
Let’s explore into the specifics and benifits of this credit card
Rewards & Benefits
Movie & Dining
NA
Travel
NA
Rewards Rate
5X reward points on every Rs. 100 spent on selected merchant categories like movies, groceries, and departmental stores. 1 reward point on every Rs. 100 spent on other categories. 0.5 % cashback on card bill payment
Reward Redemption
Accumulated reward points can be redeemed against cashback and other exciting options. 1 reward point is equivalent to Re. 0.25.
Golf Club Membership
NA
International Lounge Access
NA
Domestic Lounge Access
NA
Insurance Benefits
NA
Zero Liability Protection
You won’t have to bear any responsibility for unauthorized transactions on your card if you report the loss to the bank promptly within 24 hours.
Fees & Charges of Bank of Baroda Easy Credit Card
Fee Waiver
Spend Rs. 6000 within 60 days for the joining fee waiver and spend Rs. 35000 in the year for an annual fee waiver
Rewards Redemption Fee
NIL
Forex Markup
3.5% on all foreign currency spends.
Interest Rates
3.5% per month
Fuel Surcharge
Waiver of 1 % fuel surcharge on fuel transaction between Rs. 400 – Rs. 5000 at all petrol pumps all across India. The maximum transaction amount capped is at Rs. 250 per statement cycle.
Cash Advance Charge
At Domestic ATMs: 2.5% or Rs. 300
At International ATMs : 3% or Rs. 300
Add-on Card Fee
Nil
Card Replacement Fee
NA
Pros of Bank of Baroda Easy Credit Card
Here are the benefits of the Bank of Baroda Easy Credit Card:
- No Joining or Renewal Fees: Unlike many credit cards, you won’t incur any upfront or annual charges as it’s a Lifetime Free Credit Card . This means you can enjoy the perks without worrying about extra costs.
- Rewarding Everyday Spending: When you use this card for movies, groceries, and department stores, you earn 5x reward points for every Rs. 100 spent. This means you’re getting more value back for your regular expenses.
- Cashback on Bill Payment: Imagine getting 0.5% of your card bill back in cash when you make a payment. It’s a direct benefit that adds to your savings.
- Zero Liability Protection: In the unfortunate event of losing your card or experiencing fraudulent activity, you’re protected. As long as you inform the bank within 24 hours, you won’t be held responsible for unauthorized transactions.
- Waiver Opportunities: By spending Rs. 6000 within the first 60 days, you can have the joining fee waived. Additionally, by spending Rs. 35000 in a year, you can get the annual fee completely waived. It’s a tangible way to save on card ownership.
- Flexible Reward Redemption: You have the freedom to choose how you want to use your accumulated reward points. Whether it’s for cashback or other exciting options, the choice is yours.
- Travel Perks: Enjoy complimentary access to railway lounges, adding an extra layer of comfort to your journeys. Additionally, benefit from a 1% fuel surcharge waiver on transactions between Rs. 400 – Rs. 5000 at petrol pumps across India.
Cons of Bank of Baroda Easy Credit Card
here are some cons to keep in mind about the Bank of Baroda Easy Credit Card:
Limited Reward Categories: While the card offers great rewards for movies, groceries, and department stores, it may not provide as much benefit for other types of spending. This means you may want to consider if these categories align with your usual expenses.
Foreign Currency Markup: For international transactions, there’s a 3.50% foreign currency markup. This means you’ll incur extra charges when using the card abroad. It’s worth considering if you frequently travel or make purchases in foreign currencies.
Interest Rates: The card carries an interest rate of 3.25% per month on the overdue amount. If you’re not able to pay off your balance in full each month, this interest can add up over time.
Cash Advance Charges: If you need to withdraw cash from an ATM, there’s a charge of 2.5% or Rs. 300 at domestic ATMs, and 3% or Rs. 300 at international ATMs. This can be costly if you rely on cash advances frequently.
No Travel or Dining Benefits: Unlike some premium cards, the Bank of Baroda Easy Credit Card doesn’t offer perks like travel insurance, airport lounge access, or dining discounts. If these features are important to you, you may want to explore other card options.
No Welcome Benefits: Unlike some cards that offer welcome gifts or bonus points upon approval, the Bank of Baroda Easy Credit Card doesn’t come with specific welcome benefits. This might be a consideration if you’re looking for immediate perks.
Limited Access to Additional Cards: This card doesn’t offer the option for add-on cards. If you were planning to share the benefits with a family member, this might be a limitation.
While the Bank of Baroda Easy Credit Card comes with its advantages, it’s important to be aware of these considerations to make an informed decision about whether it aligns with your spending habits and financial needs.
Eligibility Criteria
To be eligible for the IDFC FIRST Classic Credit Card, here’s what you’ll need:
Age Requirement: You should be at least 21 years old. It’s like a passport to card ownership!
Employment Status: Whether you’re salaried or self-employed, as long as you have a regular source of income, you’re on the right track.
Monthly Income: You’ll need to meet the bank’s minimum income criteria, which they’ll specify. It’s like making sure you have a comfy seat on the credit card train.
Credit Score: A good credit score is like a golden ticket. Make sure yours is in good shape to increase your chances of approval.
Documents Required
To apply for your IDFC FIRST Classic Credit Card, you’ll need these documents:
Identity Proof: You can provide any one of the following:
- Aadhar Card
- Voter’s ID
- Driving License
- PAN Card
- Passport
Address Proof: You have options here too; choose one from:
- Latest month’s utility bills (like electricity or gas)
- Aadhar Card
- Passport
Income Proof: This one may vary, but generally, you can submit one of the following:
- Latest salary slips
- Latest bank statements
- Latest audited Income Tax Returns (ITR)
Who Should Apply for this card?
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Everyday Shoppers: If you frequently make purchases for groceries, movies, or at departmental stores, this card can be a great fit. You’ll earn rewards on your regular spending.
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Budget-conscious Individuals: For those who want a credit card without hefty joining or renewal fees, this card offers a cost-effective option.
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Individuals Seeking Basic Rewards: If you’re looking for a card with straightforward rewards, especially in select merchant categories, this card provides a practical choice.
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Those Who Value Security: With zero liability protection, this card offers added security in case of card loss or unauthorized transactions.
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Individuals with Stable Incomes: Whether you’re salaried or self-employed, as long as you have a steady income, you meet the eligibility criteria for this card.
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People Comfortable with Online Transactions: Since you can apply online, this card is a convenient option for those who prefer digital processes.
Remember, it’s important to assess your own spending habits and financial situation before applying for any credit card. This way, you can make sure it aligns with your needs and preferences.
How Apply for this card?
- Step 1: Start by visiting the official website
- Step 2: Explore Credit Card Options
- Step 3: Select the Bank of Baroda ( BoB ) Easy Credit Card
- Step 4: Click “Apply Now“
- Step 5: Provide Your KYC Details
- Step 6: Submit Your Application
- Step 7: Confirmation Awaited
- Step 8: Wait for Approval
- Step 9: Card Delivery
- Step 10: Activate and Enjoy
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I applied for this card. Thanks for the information.
Not sure how to apply
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