Our Money Guide

By: OurMoneyGuide || Last updated on: April 23, 2024

Bank of Baroda Varunah Premium Credit Card, is a premium card exclusively for Indian Navy Personnel. You get special benefits on travel spends, dining spends, online spends and international spends.

You also get lifestyle benefits like complimentary access to airport lounges in India.

Brief Summary

Our Rating
4.0 / 5

Our View

Premium card exclusively for Indian Navy Personnel. You get a higher benefit of 3.75% on a variety of spends – travel spends, dining spends, online spends and international spends; but this benefit is restricted to total monthly spends of ₹16,666 across these promotion categories.

You also get lifestyle benefits like unlimited complimentary access to airport lounges in India, and reduced fee of 2% on international card transactions.

You get a variety of welcome offers, which more than compensate for the 1st year annual fee of ₹2499. The card is virtually free if you spend ₹1.50 lakhs or more each year, since it offers an annual fee waiver at ₹1.50 lakhs annual card spend.

on BOB Financial website

Bank of Baroda Varunah Premium Credit Card

Special Benefits

3.75% benefit on travel spends, dining spends, online spends and international spends

Other Benefits

Unlimited complimentary access to airport lounges in India

Minimum Income

Not specified

Annual Fee

₹ 2499

Annual Fee Offers

Welcome offers worth well over ₹2500
Renewal fee waived at ₹1.50 lakhs annual card spend

Comparison of Bank of Baroda Credit Cards

Features
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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 Varunah Premium Credit Card : Summary Table

Eligibility This card is exclusively for Indian Navy Personnel
3.75% benefit on travel spends, dining spends, online spends and international spendsYou earn 15 reward points worth ₹3.75, on every ₹100 you spend in these categories. 1 reward point = ₹0.25, and can be redeemed for cashback.

This benefit is valid only on combined total purchases upto ₹16,666 spends per month , across these categories. Since you can earn a maximum number of 2500 reward points at this accelerated rate, per monthly card billing cycle.
0.75% basic benefit on all other spendsYou earn 3 reward points worth ₹0.75 or 75 paise, on every ₹100 you spend on all other purchases. 1 reward point = ₹0.25, and can be redeemed for cashback.

Exceptions –
1. Fuel : You earn no reward points
2. Spend categories like rent, education, utilities, government, insurance, charity, supermarket : you earn 1.50 reward point worth 37 paise, on every ₹100 you spend. For full list and details please click here – list of special MCCs
Unlimited complimentary access to airport lounges in India Please click here for details.
Reduced fee of 2% on international transactionsYou get reduced forex mark-up of 2% on international card spends (most cards in the industry charge 3.50%). You also get 3.75% benefit on international spends, as described earlier.
Fuel surcharge waiver, upto ₹250 per month You 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
Free in-built insurance cover – accidental deathYou get a free Accidental Death Cover, for financial protection of your family-
– Air : ₹1 crore
– Non-Air (includes Sea) : ₹10 lakhs
₹2499 annual feeAnnual fee offers-
Welcome offers :

✔︎ The first year fee is waived if you spend ₹25,000 or more, within 180 days of card issuance.
✔︎ You also get the below welcome gifts-
– 12 month Amazon Prime Membership. 
– 1000 reward points worth ₹250, on card activation within 30 days 
– FITPASS Pro Membership for 6 months.

Renewal fee offer : Renewal fee is not charged from the 2nd year onwards, if you spend ₹1.50 lakhs or more in the previous year.

Pros and Cons of Bank of Baroda Varunah Premium Credit Card

Pros
  • Higher benefit of 3.75% on a variety of spends – travel spends, dining spends, online spends and international spends.
  • Unlimited complimentary access to airport lounges in India.
  • Simple reward redemption process, reward points can be converted to cashback
Cons
  • Low rewards on in-store shopping
  • Not suitable for those exceeding ₹16,666 in monthly spends, in the specified promotion categories (travel spends, dining spends, online spends and international spends).

Full Review of the Bank of Baroda Varunah Premium Credit Card

Features & Benefits of Bank of Baroda Varunah Premium Credit Card

3.75% benefit on travel spends || dining spends || online spends || international spends

You earn 15 reward points worth ₹3.75, on every ₹100 you spend in these categories. 1 reward point = ₹0.25, and can be redeemed for cashback.

This benefit is valid only on combined total purchases upto ₹16,666 per month , across these categories. Since you can earn a maximum number of 2500 special reward points at this accelerated rate, per monthly card billing cycle.

0.75% benefits on all other card spends
Unlimited complimentary access to airport lounges in India
Reduced fee of 2% on international transactions
1% fuel surcharge waiver, upto ₹250 per month
Free in-built insurance cover – accidental death
Zero liability on lost card
3 free add-on cards

BOB customer care number

Please click here, to see all available options to contact your card issuer.

Credit Card Fees and Charges

Annual fee & annual fee offers
Annual feeAnnual fee offers
1st year annual fee₹2499Welcome offer :
✔︎ The first year fee is waived if you spend ₹25,000 or more, within 180 days of card issuance.
✔︎ You also get the below welcome gifts
– 12 months Amazon Prime Membership. Know More
– 1000 reward points worth ₹250, on card activation within 30 days 
– FITPASS Pro Membership for 6 months. Know More
Annual fee from 2nd year onwards₹2499Renewal fee offer : Renewal fee is not charged from the 2nd year onwards, if you spend ₹1.50 lakhs or more in the previous year.

Hence the card is virtually free, when your yearly card spend reaches ₹1.50 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 Varunah Premium Credit Card Fees & Charges

Eligibility Criteria

Occupation Exclusively for Indian Navy Personnel
Minimum age21 years (minimum age for add-on cards is 18 years)
Maximum age65 years
Income requirementsNot specified

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

BoB Varunah Premium Credit Card is a premium card exclusively for Indian Navy Personnel. You get a higher benefit of 3.75% on a variety of spends – travel spends, dining spends, online spends and international spends; but this benefit is restricted to total monthly spends of ₹16,666 across these promotion categories.

Apply Now

on BOB Financial website

Frequently Asked Questions

How can I apply for a Bank of Baroda Varunah Premium Credit Card?

The easiest way to apply for a Bank of Baroda Varunah Premium 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 Bank of Baroda Varunah Premium Credit Card?

This card is exclusively for Indian Navy Personnel. As general requirements, 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 Bank of Baroda Varunah Premium Credit Card?

This card is exclusively for Indian Navy Personnel. Some of the general eligibility criteria for BoB Varunah Premium 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 Bank of Baroda Varunah Premium 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.