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

Bank of Baroda Varunah Credit Card, is an entry level card exclusively for Indian Navy Personnel. You get get special benefits on grocery and department store purchases.

The card is lifetime free.

Brief Summary

Our Rating

3.50 / 5

Entry level lifetime free card exclusively for Indian Navy Personnel. You get a higher benefit of 1.25% on grocery and department store purchases; but this benefit is restricted to total monthly spends of ₹15,000 in this promotion category.


The card is lifetime free, and is a good choice for those who like the simplicity of a lifetime free card.

Pros & Cons of Bank of Baroda Varunah Credit Card

Pros

  • Lifetime free card
  • Exclusive card for Indian Navy Personnel
  • Simple reward redemption process, reward points can be converted to cashback

Cons

  • Reward rates are low

Features & Benefits of the Bank of Baroda Varunah Credit Card

Eligibility

This card is exclusively for Indian Navy Personnel

Lifetime free card

There is no annual fee charged on the card, the card is lifetime free.

1.25% benefit on department store purchases and grocery purchases – on purchases upto ₹15000 per month

You earn 5 reward points worth ₹1.25, 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 ₹15,000 per month , across these categories. Since you can earn a maximum number of 750 special reward points at this accelerated rate, per monthly card statement cycle.

On monthly purchases beyond ₹15,000 in these categories, you shall get regular earn rate of 1 reward point on every ₹100 card spend.

0.25% benefits on all other spends

You earn 1 reward points worth ₹0.25 or 25 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. Rent, education, utilities, government, insurance, charity, and supermarket spends : You earn 0.5 reward point worth 12 paise, on every ₹100 you spend. For full list and details please click here – list of special MCCs

1% fuel surcharge waiver, upto ₹100 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 ₹10,000 fuel spend per month, since the maximum waiver is capped at ₹100 per monthly card statement cycle

On monthly fuel purchases beyond ₹10,000, your waiver percentage will fall below 1% since the maximum waiver amount is fixed at ₹100 per monthly card statement cycle. For example, on ₹20,000 monthly fuel purchases, you will get the maximum waiver amount of ₹100, 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 ₹100 only, irrespective.

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.

Free in-built insurance cover – accidental death

You get a free Accidental Death Cover ((Air & Non-Air (includes Sea)) of ₹20 lakhs, for financial protection of your family.

Zero liability on lost card

You need to report loss of card immediately, to ensure zero liability on any fraudulent transactions.

BOB customer care number

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

Bank of Baroda Varunah Credit Card Fees and Charges

Annual fee & annual fee offers


Annual feeAnnual fee offers
1st year annual fee₹0There is no annual fee charged on the card, the card is lifetime free. There are no welcome offers.
Annual fees from 2nd year onwards₹0

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 Credit Card Fees & Charges

Eligibility Criteria

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

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

BoB Varunah Credit Card is a good entry level for Indian Navy Personnel. The card is lifetime free, hence ideal for those who like the simplicity of a lifetime free card.

You get a higher benefit of 1.25% on grocery and department store purchases; but this benefit is restricted to total monthly spends of ₹15,000 in this promotion category.