Is Bank of Baroda Platinum Credit Card Worthy?

Bank of Baroda (BoB) is one of the largest public sector banks offering a slew of credit cards to ensure you shop galore while also earning out of the same through rewards, cashback, etc. Of the credit cards that the bank offers, the Platinum Credit Card gains most of the traction because of its wide-ranging features including its affiliation with MasterCard International that makes it valid all over the world. Let’s check out Bank of Baroda Platinum Credit Card details in this article.

Bank of Baroda Platinum Credit Card Offers at a Glance

The card comes attached with the following benefits.

• The card is accepted at more than 70 million outlets and over 1 million ATMs globally
• Earn 2 loyalty points for every ₹100 spent on the card
• There won’t be any annual fee on spending ₹1 lakh in a year and making regular payments
• Air accidental death cover of ₹15 lakhs
• 5 lakh cover for accidental deaths other than resulting from the air accident
• Cash withdrawal limit equates to 40% of the credit limit
• Free airport lounge access

Bank of Baroda Credit Card EMI Offer

Bank of Baroda also enables EMI-backed purchases with Platinum Credit Card. It works in two ways - post-purchase or at the time of purchase.

How to Convert into EMI Post Purchase?

The EMI conversion on Bank of Baroda Platinum Credit Card is applicable after you purchase with the same. Purchases worth ₹2,500 and more can be converted into Equated Monthly Installments (EMIs) for tenures of 6 or 12 months at an interest rate of 1.50% per month. All that you need to do is to email the request to crm@bibcards.com and list out the transactions you want them to be converted into EMIs.

EMI Conversion While Purchasing

The bank has tied up with many merchant establishments wherein you can go and get the transaction converted into EMI while purchasing with the card. You may be offered tenures of 3-24 months at retail stores. The interest rate can be anywhere between 13%-15% per annum.

Fees & Charges

• Annual Fee - ₹1,000
• Interest on revolving credit - 2.60% per month on a reducing balance basis
• Cash withdrawal charges - ₹200-250
• Late payment charges - NIL-500
• Cheque return charges - 2% or 300, whichever is more

Bank of Baroda Platinum Credit Card Eligibility Criteria

One must fulfill the eligibility criteria before being approved Bank of Baroda Platinum Credit Card.

• The age of the individual must be between 18 and 65 years
• The individual must have an annual income of ₹6 lakhs and above
• The bank prefers giving this credit card to individuals having an existing relationship

Documentation

You must submit the following documents while applying for a credit card.

Identity Proof - Copy of Voter ID Card/Driving License/PAN Card/Aadhaar Card

Residence Proof - Copy of Aadhaar Card/PSU Bank passbook/Passport/Landline Bill/Electricity Bill

Income Proof - Latest Salary Slip/Form 16/Income Tax Return (ITR)

Passport Size Colour Photographs

Bank Statement for the Last 3 Months

How to Apply for Bank of Baroda Platinum Credit Card?

You can apply for the card on the website of Bank of Baroda, at its branch, or even via an SMS. While applying on the website, you should navigate to the ‘Credit Card’ page first, enter personal and professional details correctly before submitting the application. The bank executive will come to collect the documents from your office or residence, wherever you want him/her to come at. While applying at the bank branch, you must ask for the credit card application form, fill the details correctly before handing out the same along with relevant documents to the concerned official. You can apply for the card via SMS. Type Apply, give a space, followed by the city name and send the text to 9223990624.