By Shubham Sharma
Updated On June 23, 2022

Bank of Baroda Prime credit card is a secured credit card offered by BoB Financial, the financial services company owned by Bank of Baroda. The Prime credit card is issued against a fixed deposit of Rs 15,000 or more and no income proof is required. This card is a lifetime free credit card, i.e, you don’t need to pay any annual changes to avail of its benefits. You get 4 reward points on every Rs 100 spent (equivalent to 1% cashback) on all categories. These points are redeemable against a lot of exclusive options including shopping, gift vouchers, etc.

There are several other benefits associated with the Bank Of Baroda Prime credit card such as accidental insurance cover, fuel surcharge waiver, zero liability cover, etc. It is a great option for those who don’t have a credit history as they can build their credit by using this no annual fee credit card. Read below to know more about the BoB Prime credit card.

Best Suited For

Shopping |

Joining Fee

Nil

Reward Type

Reward Points |

Product Details

  • Guaranteed issuance against a fixed deposit of Rs. 15,000.
  • No joining/annual fee.
  • 4 Reward points on every Rs 100 spent.
  • 1% surcharge waiver on fuel transactions.
  • Complimentary personal accident insurance cover.
  •  Zero Liability protection against a lost card.

Rewards and Benefits

Welcome Benefits

NA

Movie & Dining

NA

Rewards Rate

4 Reward Points on every Rs 100 spent.

Reward Redemption

1 Reward Point = Re. 0.25

Travel

NA

Golf

NA

Domestic Lounge Access

NA

International Lounge Access

NA

Insurance Benefits

Insurance cover against personal accident.

Zero Liability Protection

The cardholder won’t be liable for any fraudulent transactions post reporting the loss of the card to the bank.

Fees & Charges

Joining Fee

Nil

Renewal Fee

Nil

Spend based Waiver

NA

Rewards Redemption Fee

Nil

Rewards Redemption Fee

Nil

Foreign Currency Markup

3.5% on the foreign conversion amount

Interest Rates

3.25% per month (39% per annum)

Fuel Surcharge

1% surcharge waiver on all fuel transactions between Rs. 400 and Rs. 5,000.

Cash Advance Charge

2.5% subject to a minimum charge of Rs. 300.

Add-on Card Fee

Nil

Bank of Baroda Prime Credit Card Rewards

  • You get 4 Reward Points on every spend of Rs. 100.
  • No reward points are earned on fuel transactions.

Reward Redemption

  • The reward points you earn can be redeemed by logging into your internet banking account.
  • You can redeem your earned points against several categories at a rate of 1 RP = Re. 0.25

Insurance Cover

With the Bank of Baroda Prime credit card, you get free personal insurance accident cover your losses and damages suffered.

Other Benefit

  • 1% surcharge waiver on fuel transactions between Rs 400 and Rs 5000. You can get a maximum waiver of up to Rs 250 statement cycle.
  • Zero membership fee is charged on this BoB Prime credit card.
  • You can convert your purchase of more than Rs 2500 into an EMI transaction on this credit card
  • You get a zero liability cover on fraudulent transactions report loss on this credit card.

How to Apply for a BoB Prime Credit Card?

Step 1: Visit the page www.bobfinancial.com/prime.jsp
Step 2: Select the Bank Of Baroda Prime credit card
Step 3: Click on “Apply Now”
Step 4: Fill the required application form
Step 5: Complete all the required formalities on the bank’s website

Conclusion

Bank of Baroda Prime credit card is an entry-level secured credit card best-suited for beginners who don’t have a credit history. You get a great reward rate of 4 reward points on every Rs 100 spent, which is equivalent to 1% cashback on all purchases. Being a lifetime free credit card with such a decent reward rate, it should definitely be considered by those who are new to the world of credit cards. What do you think about this BoB Prime credit card? Do let us know in the comments.

FAQs:

1 Reward point issued by Bank Of Baroda Prime credit card is equivalent to Re. 0.25.

Yes, the Bank of Baroda Prime credit card is lifetime free.

The credit limit of my Bank Of Baroda Prime credit card is fixed at 80-90% of the fixed deposit.

You get a maximum waiver of Rs 250 per statement cycle.

You can convert your credit card purchases into EMI transactions of Rs 2500.

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