Bank of BarodaBank of Baroda PRIME Credit Card – Benefits, Fees & Eligibility
Is the Bank of Baroda PRIME Credit Card Right for You?
The Bank of Baroda PRIME Credit Card is best suited for users who prioritize Shopping, Utilities. With a joining fee of Lifetime Free and a renewal fee of Lifetime Free, this card offers free entry for new applicants. It offers Cashback as its primary reward mechanism, with a rewards rate of Earn 2 Reward Points per ₹100 spent on all categories (excluding fuel and select MCCs)..
Key Card Details
Lifetime Free
Lifetime Free
Cashback
Details available in the Most Important Terms and Conditions (MITC).
Earn 2 Reward Points per ₹100 spent on all categories (excluding fuel and select MCCs).
Details available in the Most Important Terms and Conditions (MITC).
Notable Perks
Welcome Offer
Earn 500 Reward Points on spending ₹5,000 within 60 days of card issuance.
Insurance Coverage
Zero Liability Protection on fraudulent transactions if card loss is reported immediately.
Fuel Surcharge Waiver
1% fuel surcharge waiver on transactions between ₹400 and ₹5,000. Max waiver ₹250 per statement cycle.
Things to Consider
Low reward rate of only 0.4% cashback (2 points per ₹100 at ₹0.20 each).
No lounge access, travel perks, or lifestyle benefits like dining or movie offers.
Fuel transactions are excluded from earning any Reward Points.
Benefits & Features
Welcome Offer
Earn 500 Reward Points on spending ₹5,000 within 60 days of card issuance.
Rewards Rate
Earn 2 Reward Points per ₹100 spent on all categories (excluding fuel and select MCCs).
Reward Type
Cashback
Reward Redemption
Redeem Reward Points for cashback at a value of 1 Reward Point = ₹0.20.
Insurance Coverage
Zero Liability Protection on fraudulent transactions if card loss is reported immediately.
Card Network
RuPay
UPI Enabled
Yes
Fees & Charges
Joining Fee
Lifetime Free
Renewal Fee
Lifetime Free
Foreign Currency Markup
Details available in the Most Important Terms and Conditions (MITC).
Interest Rates
Details available in the Most Important Terms and Conditions (MITC).
Fuel Surcharge Waiver
1% fuel surcharge waiver on transactions between ₹400 and ₹5,000. Max waiver ₹250 per statement cycle.
Cash Advance Charges
Details available in the Most Important Terms and Conditions (MITC).
Add-on Card Fee
Lifetime free; up to 3 add-on cards can be obtained.
Pros & Cons
Pros
Key benefits and features of this card.
Lifetime free card with zero joining and zero annual renewal fees forever.
Guaranteed issuance against a fixed deposit, no income documentation required.
RuPay network enables direct UPI integration for convenient merchant payments.
Simple flat reward rate of 2 points per ₹100 on most spending categories.
Zero liability protection ensures complete fraud cover if card loss is reported promptly.
Cons
Key drawbacks and limitations of this card.
Low reward rate of only 0.4% cashback (2 points per ₹100 at ₹0.20 each).
No lounge access, travel perks, or lifestyle benefits like dining or movie offers.
Fuel transactions are excluded from earning any Reward Points.
No milestone benefits or spend-based bonus rewards to accelerate earnings.
Key charges like interest rates and forex markup are not transparently disclosed.
Product Details
Guaranteed issuance against a Fixed Deposit of ₹30,000 or more without income proof.
Issued on the RuPay network with UPI integration for seamless mobile payments.
Contactless payment technology for secure and faster tap-and-pay transactions.
Up to 3 lifetime free add-on cards for spouse, parents, siblings, or children above 18.
Fully digital 3-step application process with Aadhaar-based e-signing and Video KYC.
Smart EMI conversion facility for purchases over ₹2,500 with flexible tenures.
Benefits & Features
Welcome Offer
Earn 500 Reward Points on spending ₹5,000 within 60 days of card issuance.
Rewards Rate
Earn 2 Reward Points per ₹100 spent on all categories (excluding fuel and select MCCs).
Reward Type
Cashback
Reward Redemption
Redeem Reward Points for cashback at a value of 1 Reward Point = ₹0.20.
Insurance Coverage
Zero Liability Protection on fraudulent transactions if card loss is reported immediately.
Card Network
RuPay
UPI Enabled
Yes
What matters, explained clearly
Introduction
BOBCARD PRIME is an entry-level credit card issued by Bank of Baroda on the RuPay network, designed for individuals seeking a guaranteed issuance card with minimal documentation. Its top differentiating benefits include guaranteed issuance against a fixed deposit without income proof and a zero-fee structure with no joining or annual charges.
Welcome Benefits
- Earn 500 Reward Points on spending ₹5,000 within 60 days of card issuance.
Fees & Charges Breakdown
- Joining Fee: Zero
- Renewal Fee: Zero
- Interest Rates: Details available in the Most Important Terms and Conditions (MITC).
- Fuel Surcharge Waiver: 1% fuel surcharge waiver at all fuel stations across India on transactions between ₹400 and ₹5,000. Maximum waiver capped at ₹250 per statement cycle. No Reward Points are earned on fuel transactions.
- Cash Advance Charges: Details available in the Most Important Terms and Conditions (MITC).
- Add-on Card Fee: Lifetime free; up to 3 add-on cards can be obtained.
- Foreign Currency Markup: Details available in the Most Important Terms and Conditions (MITC).
Rewards & Cashback Structure
- Earning Rate: Earn 2 Reward Points per ₹100 spent on all categories.
- Exclusions: Reward Points are not applicable on fuel transactions and select Merchant Category Codes (MCCs). UPI transactions are eligible only for core Reward Points and do not qualify for bonus rewards.
- Redemption: Accumulated Reward Points can be redeemed for cashback at a value of 1 Reward Point = ₹0.20.
Travel, Lounge & Lifestyle Perks
- Smart EMI Option: Convert purchases of over ₹2,500 into Smart EMIs with tenures ranging from 6 to 48 months.
Card Eligibility Criteria & Income Requirements
- Age: 18 to 85 years for the primary cardholder; above 18 years for an add-on cardholder.
- Income Proof: Not required for guaranteed issuance against a Fixed Deposit.
- Guaranteed Issuance: The card is issued against a Fixed Deposit of ₹30,000 or more without any income proof, except for CIBIL delinquent customers.
- Mandatory Documents: Recent passport-size photograph (with clear/white background and without dark/tinted glasses) and PAN Card.
- Permanent Address Proof: Aadhaar Card (both sides), Voter ID Card, Passport, Driving Licence, or Job Card issued by the appropriate authority.
Important Product Details
- Guaranteed Issuance: Card is provided with guaranteed issuance against a Fixed Deposit of ₹30,000 or more, bypassing income documentation requirements.
- Zero Liability Protection: Reporting the loss of the card immediately ensures zero liability on any fraudulent transactions.
- Contactless Payments: The card is enabled with wireless chip technology for secure and faster contactless payments.
- Add-on Cards: Up to 3 lifetime free add-on cards can be issued for a spouse, parents, siblings, or children (above age 18).
- Application Process: A fully digital 3-step process involving an online application form, Aadhaar-based e-signing, and Video KYC for identity verification.
Other Details
- The fuel surcharge rate may vary depending on the fuel station and acquiring bank. The acquiring bank levies the surcharge and applicable GST after the transaction, which may cause a difference between the value on the charge slip and the credit card statement.
- The GST component on fuel surcharge is not reversed.
- Full Reward Points terms and conditions, including exclusions on select MCCs and fuel, are detailed in the Most Important Terms and Conditions (MITM) on the bank's website.