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Federal BankThe Bank of Baroda Corporate Credit Card by BOB Bank is one of the best credit cards offered to corporations. The Corporate card by the BOB Bank is a lifetime free card, which means that you can enjoy the card without any Joining or Renewal Charges levied on the card. The card provides benefits to both corporations and their employees. For the corporation, the card helps them to keep track of expenses and spending by the employee. Also, it helps you to streamline every transaction and go with the cashless process. For the employees, the card offers many great benefits, like travel benefits where they can enjoy domestic airport lounges for business travels, along with insurance coverage.
Apart from this, the Corporate Card offers a reward point on every business transaction. Also, it provides other benefits like fuel surcharge waiver and easy EMI options. To know more about the card, read the following review of the card:
Bank of Baroda CORPORATE Credit Card
Fees
Joining Fee
Renewal Fee
Best Suited For
Travel |
Reward Type
Reward Points
Welcome Benefits
Movie & Dining
NA
Rewards Rate
1 Reward Point for every Rs. 100 spent.
Reward Redemption
Redeem reward points from multiple redemption options. 1 Reward Point = Re. 0.25.
Travel
Complimentary airport lounge access.
Golf
NA
Domestic Lounge Access
8 complimentary domestic airport lounge access annually. (2 visits per quarter)
International Lounge Access
NA
Insurance Benefits
Air accident death and non air accident death insurance covers.
Zero Liability Protection
You get zero liability coverage protection in case of any fraudulent charges reported within the stipulated time.
Spend Based Waiver
NA
Rewards Redemption Fee
Nil
Rewards Redemption Fee
Nil
Foreign Currency Markup
3.5% on the conversion amount
Interest Rates
3.25% per month (39% per annum)
Fuel Surcharge
1% fuel surcharge waiver on all fuel transactions between Rs. 500 to Rs. 3,000.
Cash Advance Charges
2.5% on withdrawal amount subject to a minimum charge of Rs. 500.
Add-on Card Fee
Nil
- Lifetime Free credit card.
- 1 Reward Point for every Rs. 100 spent.
- 8 complimentary airport lounge access annually.
- Insurance protection for air accident death and non air accident.
- 1% Fuel Surcharge waiver on all fuel transactions.
- Easy EMI option for every transaction.
- Fourth Line Embossing for the corporates.
Bank of Baroda Corporate Credit Card Features and Benefits
The Bank of Baroda CORPORATE Credit Card is a smart option for both the corporate and the employees as it offers exciting benefits and reward points for every transaction. The following are the features of the Corporate credit card:
Easy Tracking
With the Corporate card, corporations can easily track their expenses and also the spending by the employees. Also, the card helps to streamline the transaction and automatically settle the payments.
Travel Benefits
With the CORPORATE Credit Card, you get 8 complimentary Domestic Airport Lounge Access in a year for your business travels with the Visa Airport Lounge Access Program. Note that you can visit the lounge 2 times per quarter.
Insurance Protection
| Cover For | Amount |
| Air Accidental Death | Rs. 1 crore |
| Non-Air Accidental Death | Rs. 10 Lakh |
Fuel Surcharge Waiver
The cardholders can get a 1% waiver on the surcharge applicable on fuel purchases made with the Bank of Baroda CORPORATE Credit Card. The waiver is applicable only on fuel transactions between Rs. 500 and Rs. 3,000, and the maximum waived amount is capped at Rs. 250 per statement cycle.
Bank of Baroda CORPORATE Credit Card Rewards
- You get 1 Reward Point on every retail spend of Rs. 100.
- You get 0.5 Reward Points on every spend of Rs. 100 on selected categories, like utility, telecom, government payments, etc.
- No Reward points are earned on fuel transactions.
Reward Redemption
- The Reward Points you earn can be redeemed against cash or several different options as per your choice.
- 1 Reward Point = Rs. 0.25
Bank of Baroda CORPORATE Credit Card Fees & Charges
- Annual/Joining Fee: There are no Annual or Joining fees for the Bank of Baroda CORPORATE Credit Card.
- Interest Rate: An interest rate of 3.25% per month or (39% 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.
- Cash Advance Fee: BOB Bank levies a cash withdrawal fee of 2.5% of the withdrawn amount (subject to a minimum fee of Rs. 500) on cash withdrawals with the card from ATMs.
- Forex Mark-up Fee: A foreign currency mark-up fee of 3.5% of the transaction amount is applicable on all foreign currency transactions made with the Bank of Baroda CORPORATE Credit Card.
Bank of Baroda CORPORATE Credit Card Eligibility Criteria
- Resident of India.
- Sole proprietorships are not eligible.
- The age of individual Corporate card applicants should be min 21 Years and Max 65 Years
- Corporate must hold the following Bank of Baroda relationship: CC/OD relationship, Current Account relationship, or Fixed Deposit relationship.
How To Apply For a Bank of Baroda CORPORATE Credit Card?
You can apply for the Bank of Baroda Corporate Credit Card online or offline at your convenience. Bank of Baroda provides you with different online/offline ways to apply for this card. To apply offline, just visit your nearest BoB branch with all the above-mentioned documents and fill out the physical application form at the branch. You can also apply online for this card as follows:
- Choose the Bank of Baroda CORPORATE Credit Card.
- Click on Apply Now.
- You will be redirected to an application form, which you need to fill out carefully.
Bottom Line
The Bank of Baroda CORPORATE Credit Card is a great option for corporates as it provides tons of benefits for both the corporate and the employees. It offers great benefits for travel and fuel and also offers reward points for every business transaction. Moreover, the card is lifetime free therefore, you can enjoy the benefits that the card offers without any Annual Fee. Check out other corporate cards as well, like the HDFC Bank Corporate Premium Credit Card. Drop your views on the card below in the comment section.
