Snapdeal Bank of Baroda Credit Card

Snapdeal Bank of Baroda Credit Card

With the aim of providing its customers with the best shopping experiences, BoB Financial has tied up with Snapdeal and added the exclusive co-branded shopping credit card to its portfolio. The benefits of this card are mostly restricted to the shopping category. However, there is a really good reward rate on certain other spends as well. All its features are given below in detail:

Welcome Benefits

As an introductory benefit, the cardholders get a Snapdeal voucher worth up to Rs. 500 on making at least one transaction within the first 30 days of card issuance.

Fuel Surcharge Waiver

• The cardholder gets a 1% fuel surcharge waiver on all fuel transactions between Rs. 400 and Rs. 5,000.
• The maximum benefit under this waiver is capped at Rs. 250 per month.

Zero Liability Protection

With this BoB Snapdeal Credit Card, the cardholders get zero liability protection, i.e, the cardholders won’t be liable for any unauthorized/fraudulent purchases made on a lost/stolen card if reported to the bank in a timely manner.

Snapdeal Bank of Baroda Credit Card Rewards

The reward rates offered by the Snapdeal BoB Credit Card in different categories are given below in detail:

• The cardholders get a 5% cashback (20 Reward Points on every spend of Rs. 100) on shopping on the Snapdeal app/website.
• The cardholders get 2.5% cashback (10 Reward Points on every spend of Rs. 100) on departmental stores, online spends, and grocery purchases. The Reward Points under this category are capped at 2,000 points per month.
• You get 4 Reward Points on every other retail spend of Rs. 100.

Reward Redemption

The Reward Points earned using the Snapdeal Bank of Baroda Credit Card are automatically adjusted against the card’s outstanding balance at the end of each statement cycle. The monetary value of 1 Reward Point is equal to Re. 0.25.

Snapdeal BoB Credit Card Fees and Charges

There are certain important fees and charges associated with the Snapdeal Bank of Baroda Credit Card, which are as mentioned below:

• The joining and annual fee of this credit card is Rs. 249 plus applicable taxes.
• The interest rate on the BoB Snapdeal Credit card is 3.25% per month.
• The foreign currency markup fee on this credit card is 3.5% of the total amount.
• The Snapdeal Bank of Baroda Credit Card charges a cash withdrawal fee of 2.5% of the withdrawn amount, subject to a minimum of Rs. 300.
• There is no add-on card fee charged on this card. You can get up to 3 free add-on cards under every primary card.

Snapdeal Bank of Baroda Credit Card Eligibility Criteria

The eligibility requirements that are required to be fulfilled in order to get approved for the BoB Snapdeal Credit Card are as follows:

• The age of primary cardholders should lie between 21 years & 65 years, and that of the supplementary cardholders should be above 18 years.
• The minimum required income for salaried people is 3.6 lakhs per annum.
• The minimum required income for self-employed people is 4.8 lakhs per annum.
• The applicants should have a decent credit history.

How to Apply for the Snapdeal BoB Credit Card?

The Bank of Baroda provides you with an option to apply for the Snapdeal Bank of Baroda Credit Card online or offline at your convenience. To apply offline, just visit the Bank of Baroda nearest to you. Make sure to carry all the necessary documents along with you. If you prefer online methods, you can proceed further as follows:

• Click on ‘Apply Now.’
• Fill in all the required details and follow all other steps carefully.
• Submit your application.

Bottom Line

The Snapdeal Bank of Baroda Credit Card is a great shopping card that comes with a really affordable annual membership fee and offers great reward rates. Along with the best online shopping cards like Flipkart Axis Bank Card and Amazon Pay ICICI Credit Card, this card can also be added to the list now. The redemption process of this card is quite hassle-free as the reward points are automatically adjusted against the card’s statement balance. Though there are not so many benefits across other categories like travel, dining, etc, it is still not a bad deal to get this card with such a nominal fee. If you are wise enough to maximize the benefits of a credit card, you can easily save a lot using it.

This was our review of the Bank of Baroda Snapdeal Credit Card. Make sure to let us know your views on this card in the comment section below!