By: OurMoneyGuide || Last updated on: June 1, 2024

Bank of Baroda Premier Credit Card is a beginner travel card offering from BoB. 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

Good beginner 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.

Pros & Cons of Bank of Baroda Premier Credit Card

Pros

  • Good reward of 2.50% on travel & international spends, and also on dining spends
  • 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

  • You need to look at other credit cards to earn higher rewards on other important spends like shopping, fuel, bill payments.

Features & Benefits of the Bank of Baroda Premier Credit Card

2.50% cashback on following card spends – travel || dining || international transactions

You earn 10 reward points worth ₹2.50, on every ₹100 you spend in these categories. 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% cashback on all other card spends

You earn 2 reward points worth ₹0.50, on every ₹100 you spend on all other purchases. Since 1 reward point = ₹0.25, and can be redeemed as cashback.

Exceptions –
1. Fuel spends : You earn no reward points
2. On rent, education, utilities, government, insurance, charity, and supermarket spends : You earn 1 reward point worth 25 paise, on every ₹100 you spend. For full list and details please click here – list of special MCCs

Complimentary access to airport lounges in India – 1 time per quarter

You get 4 free airport lounge visits per year, in India. Maximum one visit per quarter.

Premier Visa Card Holders – Click here for details
Premier RuPay Card Holders – Click here for details

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 only AND
– Only on fuel purchases upto ₹25,000 per month, since the maximum waiver is capped at ₹250 per monthly card billing cycle

On monthly fuel purchases beyond ₹25,000, your waiver percentage will fall below 1% since the maximum waiver amount is fixed at ₹250 per monthly card statement cycle. For example, on ₹50,000 monthly fuel purchases, you will get the maximum waiver amount of ₹250, and your surcharge waiver percentage would be 0.50%.

GST paid on fuel purchases is not refunded. Some fuel pumps may not have a 1% surcharge on fuel purchases, it could be a little higher or lower. However you will get maximum monthly waiver amount of ₹250 only.

3 free add-on cards

You can get upto 3 lifetime free add-on cards for your spouse, parents, siblings, or children. This enables your family members to enjoy the features and privileges of the Snapdeal BOB Credit Card.

Shared benefits : With add-on cards, you can easily manage and track the expenses of your family members. Additionally, any reward points earned on the add-on cards contribute to the primary cardholder’s rewards account.

BOB customer care

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

Bank of Baroda Premier 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₹1000Renewal 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.

Application Process

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 beginner travel card from BoB. 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. 

The card is virtually free if you spend ₹1.20 lakhs of more on your card each year.