BoB Easy Credit Card: The BoB Easy Credit Card, a basic credit card without heavy joining and renewal fees issued by BoB. Basically designed for the people who does not have a high income. This credit card is an entry-level credit card, provides accelerated rewards and cashback offers on regular spending categories.
You can earn reward points on movies, groceries, and departmental stores and also offers you a cashback on the payment of the card bill. And also, can avail joining fee reversal and annual fee waiver facility.
Therefore, here in this article we are going to see the features and benefits of the BoB Easy Credit Card and the eligibility to apply for the same.
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1. BoB Easy Credit Card Features and Benefits
The BoB Easy Credit Card which comes with the amazing offers and benefits across different categories and rewards to its customers.
Here we have mentioned the features and benefits offered by the BoB Easy Credit Card:
- Insurance Benefits: Accidental death cover to the primary credit cardholder, offered by the BoB Easy Credit Card.
- Zero Credit Card Lost Liability: In case, you lose your card or stolen card, you are not responsible for any fraudulent or unauthorized transactions made on your lost or stolen card once you report the loss of the card to the bank, and has to notify the bank within 24 hours about the loss of the card or any other fraudulent transactions.
- EMI option: Purchases over Rs. 2,500 on the card convert into EMIs of 6 to 12 months of tenure.
- Interest-Free Period: Get upto 50 days of interest-free period on purchases.
- Reward points: On select merchant categories namely movies, groceries, and departmental stores using this credit card, for every Rs. 100 spent get 5x Reward Points and can earn 5x reward points of up to 1000 in a month on selected merchant categories. After the capped limit exceeds, you will earn 1 reward point on further spending in that month. And, you will get 1 Reward Point, for every Rs. 100 spent on other categories and earn 0.5% cashback on the payment of the card bill.
2. BoB Easy Credit Card Fees and Charges:
- The joining fee charges are- Rs. 500
- The Annual fee or Renewal fee charges are- Rs. 500
- The Cash withdrawal fee, 2.5% of the amount or min. Rs. 500 withdrawn.
- On all the Foreign currency transaction, you have to pay forex fee of 3.5% on the transacted amount. This fee is to be paid on all international transactions done using this credit card.
- An interest rate of 3.49% per month (41.88% annually) is applicable on the due amount on the card if the cardholder is unable to clear all the dues by the payment due date.
- Late Payment Charges are- apart from the interest rate, a late payment fee shall also be applicable, For Statement Balance: Amount less than Rs. 100: Nil, Amount between Rs. 100 and Rs. 500: Rs. 100, Amount between Rs. 501 and Rs. 1,000: Rs. 400, Amount between Rs. 1001 and Rs. 10,000: Rs. 600, Amount between Rs. 10,001 and Rs. 25,000: Rs. 800, Amount Greater than Rs. 25,000: Rs. 950.
3. BoB Easy Credit Card Eligibility Criteria to Apply:
The common eligibility criteria and the documents required to apply for BoB Easy Credit Card are as follows:
- The age limit for applying for this card is 21 years of age.
- The cardholder should be an Indian resident and an excellent credit score i.e., 750 and a strong relationship with the card issuer.
- The cardholder should be either through salary or self-employment with stable source of income.
- For Identity Proof documents you need are Aadhar Card, Voters Id, PAN Card, Passport, Driving License.
- For Address Proof, Utility bills of the latest months, Aadhar Card, Passport, and Ration card are the needed documents.
- For Income Proof, you need to submit the latest bank statement as a salaried person, and can also, submit your company ID card, if you are salaried, and if you are self-employed, you should submit your latest ITR.
4. How to Apply for BoB Easy Credit Card:
For BoB Easy credit card you can apply either online or offline. For offline mode, you can visit your nearest BoB branch with all the required documents and fill out the physical application form.
Here are the steps to be followed to apply for your BoB Easy credit card:
- Step 1: Visit Official website of the BoB- www.bankofbaroda.in.
- Step 2: Click on ‘Credit Cards’ option.
- Step 3: Next, you have to select ‘BoB Easy Credit Card’ and click on ‘apply now’.
- Step 4: Enter all the requested details and submit the required documents.
This the way in which you can apply for BoB Easy Credit Card online.
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