By: OurMoneyGuide || Last updated on: May 31, 2024

Bank of Baroda PRIME Credit Card is a secured card (issued against fixed deposit), and a lifetime free credit card, hence it is a good choice for those who value a free card, and those who are just starting their credit card journey.

Secured cards are cards issued against a fixed deposit, and a great choice for those who do have a good credit history, like students, first jobbers, homemakers, senior citizens, travellers, and self-employed individuals. Lifetime free cards are a good choice for those who do not want to evaluate in depth whether the annual fee of the credit card justifies the rewards associated with the card.

In this review, we will go through the different elements of the Bank of Baroda PRIME Credit Card in-depth – from cost and fees details to rewards points and special offers; to determine whether it would be a good fit for your credit card needs.

Brief Summary

Our Rating

4.0/5

Good card for building credit history. No income proof, no credit score required since the card is issued against a fixed deposit.

It is also lifetime free.

Pros & Cons of Bank of Baroda PRIME Credit Card

Pros

  • This card is ideal for individuals who may not have regular income and/or for those who do not have a good credit history – like students, first jobbers, homemakers, gig economy workers, senior citizens, travellers, and self-employed individuals. Hence it is a good starter card for beginners who are starting or rebuilding their credit journey.
  • Credit card is lifetime free

Cons

  • Low reward rate of 0.50% on card spends

Features & Benefits of the Bank of Baroda PRIME Credit Card

Lifetime free credit card, issued against minimum fixed deposit of ₹15000

Bank of Baroda PRIME Credit Card is a secured card (issued against fixed deposit), and a lifetime free credit card, hence it is a good choice for those who value a free card, and those who are just starting their credit card journey and building their credit history. No income proof, no credit score required since the card is issued against a fixed deposit.

0.50% benefits on all card spends

You earn 2 reward point worth ₹0.50 or 50 paise, on every ₹100 you spend on all other card purchases. 

1 reward point = ₹0.25, and can be redeemed as cashback. Reward points are valid for 2 years.

Exceptions-
1. Fuel : You earn no reward points
2. On spend categories like rent, education, utilities, government, insurance, charity, supermarket : 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

1% fuel surcharge, upto ₹250 per month

Applicable fuel stations and brands : Fuel surcharge waiver applies to all petrol stations.
Restrictions : Fuel surcharge waiver in applicable –
– Only on fuel transactions between ₹400 and ₹5,000 AND
– Only on maximum fuel purchases of upto ₹25,000 per month (since the waiver amount is capped at ₹250 per monthly card statement cycle)

3 free add-on cards

Bank of Baroda PRIME Credit Card offers the convenience of add-on cards, allowing you to extend the benefits of your card to your loved ones :
– Lifetime free add-on cards : You can avail of up to 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 Eterna 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 number

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

Bank of Baroda PRIME Credit Card Fees and Charges

Annual fee


Annual fee
Annual fee offers
1st year joining fee₹0
Renewal fee from 2nd year onwards₹0

Late payment fee

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

Finance charges – 3.50% per month

Foreign transaction fee – 3.50%

Important Note

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

Eligibility Criteria

Minimum age21 years (minimum age for add-on cards is 18 years)
Maximum age65 years
OccupationSalaried , self-employed
Minimum income requirementsNot required, since the card is issued against a fixed deposit

Application Process

Step-by-step guide

Online application processThe easiest way is to click here – APPLY NOW , you shall be taken to the card application page on the BOB Financial website. You can also visit official website of BOB Financial and fill out the application form.

You can apply online in 3 simple steps :
– Complete the e-application
– Aadhaar based e-signature
– Confirm your application with a video KYC
Offline (face to face)  application processYou can also visit any of the nearest branches of the bank and talk to an executive regarding the process.
Approval timeline and processThe credit card decision would be generally communicated within within a maximum of 21 working days in most cases. In certain cases, it could take longer, especially if the bank wants more information and/or documents from you.
Application trackingYou can also track your application here.

Necessary documents and verification

Required documents
– PAN card

– 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 PRIME Credit Card is a secured card (issued against fixed deposit), and a lifetime free credit card.

Hence it is a good choice for those who value a free card, and those who are just starting/ re-building their credit card journey.