Our Money Guide

Bank of Baroda Premier Credit Card is a mid-range card offering from BoB, which is positioned one level above their entry level cards. You get higher benefits on travel, and also dining spends. You also get lifestyle benefits like complimentary access to domestic airport lounges.

Brief Summary

Our Rating
3.50 / 5

Our View

Good card for travellers, you get 2.50% cashback on travel spends and international spends, and also on dining spends. But this benefit is restricted to total monthly spends of ₹20,000 in this 2.50% promotion category.

Card is virtually free if you spend ₹1.20 lakhs each year on your card, since annual fee is reversed if you spend 1.20 lakhs or more in the previous year. And the first year fee is waived if you spend ₹10,000 or more, within 60 days of card issuance.

on BOB Financial website

Bank of Baroda Premier Credit Card

Special Benefits

2.50% benefit on travel, dining & international transactions

Other Benefits

Complimentary airport lounge access in India – once per quarter

Minimum Income

Not specified

Annual Fee

₹ 1000

Annual Fee Offers

Welcome offer worth ₹1000
Renewal offer : Annual fee waived at ₹1.20 lakhs yearly card spend

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Cashback Rates 1.5% – 3%

2%

5%

1% – 5%

0.25% 0.5%

Other benefits Fuel Waiver Surcharge Fuel Waiver Surcharge Fuel Waiver Surcharge Fuel Waiver Surcharge Fuel Waiver Surcharge
Annual Fee ₹2499

₹500

₹249

₹1000

Nil

Annual Fee Offers Annual Fee Reversal on meeting ₹2,50,000 spends Nil Nil Annual Fee Reversal on meeting ₹1,20,000 spends Nil
Minimum Income ₹ 12 Lakhs per annum or more

₹3.6 Lakhs for Salaried and >= ₹4.8 Lakhs for Self-employed

₹3.6 Lakhs for Salaried and >= ₹4.8 Lakhs for Self-employed

Not Specified Nil

Bank of Baroda Premier Credit Card : Summary Table

2.50% special benefit on travel, dining & international transactionsYou earn 10 reward points worth ₹2.50, on every ₹100 you spend on travel, dining & international transactions. Since 1 reward point = ₹0.25 (25 paise), and can be redeemed as cashback.

This is valid only on total purchases upto ₹20,000 per month, across these categories. Since you can earn maximum 2,000 special reward points at this accelerated rate, per monthly card statement cycle .
0.50% basic benefit on all other card spendsYou earn 2 reward points worth ₹0.50, on every ₹100 you spend on all other purchases. Since 1 reward point = ₹0.25 (25 paise), and can be redeemed as cashback.

Exceptions –
1. Fuel : You earn no reward points
2. Spend categories like rent, education, utilities, government, insurance, charity, supermarket : You earn 1 reward point worth 25 paise, on every ₹100 you spend.
Complimentary access to airport lounges in India – 1 time per quarterYou get 4 complimentary airport lounge visits per year, maximum one visit per quarter.
Fuel surcharge waiver, upto ₹250 per monthYou get 1% fuel surcharge waiver at all fuel stations across India –
– Only on fuel transactions between ₹400 and ₹5000, and 
– Only on upto ₹25,000 fuel spend per month, since the maximum waiver is capped at ₹250 per monthly card statement cycle
₹1,000 annual feeAnnual fee offers-
– Welcome offer :
The first year fee is waived if you spend ₹10,000 or more, within 60 days of card issuance.
Renewal fee offer : Annual fee is not charged from the 2nd year onwards, if you spend ₹1.20 lakhs or more in the previous year

Pros and Cons of Bank of Baroda Premier Credit Card

Pros
  • Good benefit rate of 2.50% on travel & international spends, and also on dining spends
  • You also get complimentary access to domestic airport lounges – once per quarter.
  • Card is virtually free if you spend ₹1.20 lakhs each year on your card
  • Easy rewards redemption process, you can redeem reward points as cashback
Cons
  • Benefits on other important spending needs such as shopping, fuel , bill payments is low. Hence you may need to look at other credit cards for these needs.

Full Review of the Bank of Baroda Premier Credit Card

Premier Credit Card

Features & Benefits of Bank of Baroda Premier Credit Card

2.50% special benefit on travel, dining & international transactions

You earn 10 reward points worth ₹2.50, on every ₹100 you spend on travel, dining & international transactions. Since 1 reward point = ₹0.25, and can be redeemed as cashback.

This is valid only on total purchases upto ₹20,000 per month, across these categories. Since you can earn maximum 2,000 special reward points at this accelerated rate, per monthly card statement cycle.

0.50% basic benefit on all other card spends
Complimentary access to airport lounges in India – 1 time per quarter
Fuel surcharge waiver, upto ₹250 per month
3 free add-on cards

Credit Card Fees and Charges

Annual fee & annual fee offers
Annual feeAnnual fee offers
1st year annual fee₹1000Welcome offer : The first year fee is waived if you spend ₹10,000 or more, within 60 days of card issuance.
Annual fee from 2nd year onwards₹1000 Renewal fee offer : Annual fee is not charged from the 2nd year onwards, if you spend ₹1.20 lakhs or more in the previous year.

Hence the card is virtually free, when your yearly card spend reaches ₹1.20 lakhs each year. 
Late payment fee

Late payment fees depends on the total payment due

Total payment amount dueLate fee
Less than ₹100Nil
₹100 to ₹500₹100
₹501 to ₹1,000₹400
₹1,001 to ₹10,000₹750
₹10,000 to ₹25,000₹950
₹25,000 to ₹50,000₹1100
Above ₹50,000₹1300

Important Note

– GST/ other applicable taxes as per current laws, will be applicable on all fees and charges
– To view all fees & charges on this card, please click here – BoB Premier Credit Card Fees & Charges

Eligibility Criteria

Minimum age21 years (minimum age for add-on cards is 18 years)
Maximum age65 years
OccupationSalaried, self-employed
Income requirementsNot specified
Residential statusThe individual should be a resident of India.

Necessary documents and verification

Required documents 
PAN card copy

Proof of identity (any one) : Aadhaar card / voter ID card /passport /driving licence

Address proof (any one) : Aadhaar card / voter ID card /passport / driving licence / utility bills / property or municipal tax receipt /rent agreement / house allotment letter issued by state or central government

Income proof :
– Salaried : Last 2 months salary slip, bank statement showing salary credits
– Self-employed : Latest income tax return (ITR)

Conclusion

Bank of Baroda Premier Credit Card is a good mid-range card offering from BoB, which is positioned one level above their entry level cards. You get a higher benefit of 2.50% on travel, international spends, and dining spends. You also get lifestyle benefits like complimentary access to domestic airport lounges, once per quarter.

Apply Now

on BOB Financial website

Frequently Asked Questions

How can I apply for a BoB Premier Credit Card?

The easiest way to apply for a BoB Premier Credit Card is by clicking here , OR you can visit BOB Financial’s official website. You can also visit a nearby branch. Please fill out the application form, provide the necessary documents, and submit them as per BOB Financial’s guidelines.

What documents are required to apply for a BoB Premier Credit Card?

You will need proof of identity (such as a PAN card, Aadhaar card, or passport), proof of address (such as utility bill or rental agreement), income proof (salary slips, IT returns, etc.), and passport-sized photograph. PAN card copy is mandatory.

What are the eligibility criteria for BoB Premier Credit Card?

Some of the eligibility criteria for BoB Premier Credit Card are – age band of 21-65 years and being a resident of India. There maybe additional criteria which are not explicitly specified, ultimately the card approval is at the sole discretion of BOB Financial.

How long does it take to get approved for a BoB Premier Credit Card?

The approval time may vary depending on the completeness of your application and the verification process. Generally, it takes a few working days for the bank to review your application and provide a decision.

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