Bank of Baroda offers a range of credit cards to cater to the diverse needs of its customers. One such card is the Bank of Baroda Easy Credit Card.
This credit card is designed to offer customers a hassle-free and rewarding experience.
Card Highlights
| Card Category | Shopping |
| Card Issuer | Bank Of Baroda |
| Credit Card Network | Rupay & Visa |
| Reward Multiplier | No |
| Welcome Reward | No |
| Annual Fees | ₹500 |
| Foreign Transaction Fee | 3.5% |
| Recommended Credit Score | 700+ |
| CG Ratings | 3.5/5 |
Table of Contents
Key Benefits of Bank of Baroda Easy Credit Card
Bank of Baroda Easy Credit Card is a basic credit card that offers various benefits to customers. Some of the key benefits of the Bank of Baroda Easy Credit Card are as follows:
Reward System
The Bank of Baroda Easy Credit Card comes with an attractive reward system that allows customers to earn reward points on their purchases.
Customers can earn 5X reward points (5 reward points for every Rs. 100 spent) on Departmental stores and Movie spends.
Moreover, customers can earn 1 reward point for every Rs. 100 spent on other categories except certain special MCCs earn 0.5 RP/Rs 100. These reward points can be redeemed for various products and services.
Fuel Surcharge Waiver
The Bank of Baroda Easy Credit Card also offers a Fuel Surcharge Waiver of 1% at all fuel stations across India on transactions between Rs. 400 and Rs. 5,000.
The maximum waiver limit is Rs. 250 per statement cycle. However, customers will not earn any reward points on fuel transactions.
It is important to note that no reward points are earned on fuel transactions.
In addition to these benefits, the Bank of Baroda Easy Credit Card also offers free add-on cards up to 3 cards, making it an ideal choice for families.
Overall, the Bank of Baroda Easy Credit Card is a good choice for customers who are looking for a basic credit card with attractive rewards and benefits.
Bank of Baroda Easy Credit Card Annual fees
The Bank of Baroda Easy Credit Card has an annual fee of Rs. 500. However, this fee can be waived off under certain conditions.
To get the first-year fee reversal, the cardholder needs to spend Rs. 6,000 on the card within the first 60 days of the card setup date.
The fee reversal will reflect in the 4th bill statement from the card issuance month, provided all due payments are made.
For subsequent years, the annual fee can be waived off if the cardholder spends Rs. 35,000 on the card in a year.
Overall, the Bank of Baroda Easy Credit Card offers a reasonable annual fee and provides opportunities for fee waiver through spending on the card.
Bank of Baroda Easy Credit Card Charges
The Bank of Baroda Easy Credit Card is a great option for those looking for a credit card with low annual fees and attractive rewards.
However, it is important to understand the charges associated with this card before applying for it.
Annual Fees
The Bank of Baroda Easy Credit Card charges an annual fee of Rs. 500, which is waived upon spending Rs. 35,000 in a year. This means that if you spend more than Rs. 35,000 in a year, you will not have to pay any annual fees for the card.
Finance Charges
The finance charges for the Bank of Baroda Easy Credit Card are 3.25% per month or 40% per annum. This is a standard rate for credit cards in India, and it is important to pay your bills on time to avoid these charges.
Late Payment Charges
If you do not pay your credit card bill on time, the Bank of Baroda Easy Credit Card charges a late payment fee of Rs. 100 for bills up to Rs. 5,000, Rs. 400 for bills between Rs. 5,001 and Rs. 10,000, and Rs. 600 for bills above Rs. 10,000.
Other Charges
The Bank of Baroda Easy Credit Card also charges a cash advance fee of 2.5% of the amount withdrawn or Rs. 300, whichever is higher. Additionally, there is a charge of Rs. 100 for each card replacement.
Bank of Baroda Easy Credit Card Eligibility
To be eligible for the Bank of Baroda Easy Credit Card, applicants must meet certain criteria. Here are the eligibility requirements:
Age Limit
The applicant must be at least 18 years old and not more than 65 years old.
Income
The applicant must have a minimum income of Rs. 15,000 per month.
Credit Score
The applicant must have a good credit score. The Bank of Baroda will check the credit score of the applicant before approving the credit card.
Employment Status
The applicant must be employed or self-employed. Salaried individuals, as well as self-employed individuals, can apply for this credit card.
Documents Required
The following documents are required to apply for the Bank of Baroda Easy Credit Card:
- Identity proof: Aadhaar card, PAN card, Voter ID, or Passport
- Address proof: Aadhaar card, Voter ID, Passport, or Utility bill
- Income proof: Salary slip, Bank statement, or ITR
It is important to note that meeting the eligibility criteria does not guarantee approval of the credit card. The Bank of Baroda reserves the right to approve or reject the application based on their internal criteria.
Bank of Baroda Easy Credit Card Application Process
To apply for the Bank of Baroda Easy Credit Card, individuals can follow the steps mentioned below:
- Visit the Bank of Baroda official website.
- Click on the “Credit Cards” tab.
- Select the “Easy Credit Card” option.
- Click on the “Apply Now” button.
- Fill in the required details such as name, date of birth, income, contact details, and employment details.
- Upload the necessary documents such as identity proof, address proof, and income proof.
- Review the application form and submit it.
Once the application is submitted, the bank will review it and communicate the approval status to the applicant. If the application is approved, the bank will dispatch the credit card to the registered address.
Bank of Baroda Easy Credit Card is Rupay or Visa?
Bank of Baroda Easy Credit Card is available in both Rupay and Visa variant. The cardholder can choose the variant according to their preference.
Is Bank of Baroda Easy Credit Card life time free?
Bank of Baroda Easy Credit Card is a lifetime free credit card that comes with no joining or renewal fee. However, this offer is only valid for a limited period of time.
Customers who get the card and spend a minimum of Rs. 6,000 within 60 days of issuance and Rs. 35,000 in a year will be eligible for the reversal or waiver of the annual fees.
Overall, the Bank of Baroda Easy Credit Card is a great option for those who are looking for a lifetime free credit card. However, customers should keep in mind that this offer is only valid for a limited period of time and they should check with the bank for the latest terms and conditions.
What is the interest rate on BOB easy credit card?
The Bank of Baroda Easy Credit Card offers an interest-free credit facility for up to 50 days from the date of any purchase.
However, if the outstanding amount is not paid in full for the previous month, a 3.25% per month interest rate will be applied to the total outstanding amount.
It is important to note that the interest rate is subject to change and customers should refer to the official Bank of Baroda website or contact customer service for the most up-to-date information.
To avoid paying interest, it is recommended that customers pay their credit card bill in full and on time each month. This will not only help them avoid interest charges but also improve their credit score.
Overall, the Bank of Baroda Easy Credit Card offers a competitive interest rate and an interest-free credit facility for up to 50 days. However, customers should be aware of the potential interest charges if they do not pay their bill in full and on time each month.
Bottom Line
The Bank of Baroda Easy Credit Card is a great choice for those who want to own a lifetime free credit card.
With zero joining and renewal fees, this card is an affordable option for those who want to enjoy the benefits of a credit card without breaking the bank.
The rewards program offered by the Bank of Baroda Easy Credit Card is also impressive.
- Departmental store and movie spending earn an accelerated earning rate of 5 RP/Rs 100, which translates to a 1.25% return.
- Special MCCs earn 0.5 RP/Rs 100, which is a 0.125% return.
- All other spends, except fuel, earn 1 RP/Rs 100, which is a 0.25% return.
One of the best features of the Bank of Baroda Easy Credit Card is its digital process. The card can be applied for online, and minimal documentation is required.
Overall, the Bank of Baroda Easy Credit Card is a great option for those who want a lifetime free credit card with a solid rewards program.
Its digital process and pre-approved credit card feature make it a convenient choice for those who want to apply for a credit card quickly and easily.
