Bank of India CELESTIA CREDIT CARD – Benefits, Fees & Eligibility

Introduction

The Bank of India Credit Card is a financial product issued by Bank of India, available on multiple card networks including Visa and RuPay. It is positioned as an entry-level to mid-range credit card, designed to offer value through straightforward cashback and reward point earnings on everyday spending. Its top differentiating benefits include a competitive fuel surcharge waiver and a spend-based annual fee reversal, making it a practical choice for cost-conscious users.

Welcome Benefits

• No specific joining perks or welcome vouchers are detailed for this card.

Fees & Charges Breakdown

• Joining Fee: Nil (No joining fee).
• Renewal Fee: ₹199 plus applicable taxes.
• Spend-Based Waiver: The annual renewal fee is waived if the total spends in the preceding year exceed ₹50,000.
• Interest Rates: Finance charges are applicable at a rate of 3.35% per month (40.2% per annum) on the unpaid balance if the full amount is not paid by the due date.
• Fuel Surcharge Waiver: A 1% fuel surcharge waiver is applicable on fuel transactions at all petrol pumps across India. The minimum transaction amount to avail this waiver is ₹400, and the maximum waiver per month is capped at ₹100.
• Cash Advance Charges: A fee of 2.5% of the withdrawn amount, subject to a minimum of ₹300, is levied on cash advances.
• Foreign Currency Markup: A 3.5% markup fee is applied to all transactions made in foreign currency.
• Reward Redemption Fee: A fee of ₹99 plus applicable taxes is charged for redeeming reward points.
• Other Charges: Late payment fees range from ₹100 to ₹750 depending on the outstanding amount. Overlimit charges are 2.5% of the overlimit amount, subject to a minimum of ₹500.

Rewards & Cashback Structure

• Earning Rate: Cardholders earn 1 reward point for every ₹100 spent on the card.
• Redemption Options: Accumulated reward points can be redeemed for a variety of options, including cashback, vouchers, and merchandise from the rewards catalogue.
• Point Expiry: Reward points are valid for 2 years from the date of accumulation, after which they expire.

Travel, Lounge & Lifestyle Perks

• Lounge Access: The card does not offer complimentary domestic or international airport lounge access.
• Insurance Cover: The card does not provide any complimentary personal accident or travel insurance cover.

Credit Card Review

This card is best suited for individuals seeking a no-frills, entry-level credit card with a low or zero joining fee and a straightforward rewards structure. Its main advantage is the spend-based annual fee waiver and the fuel surcharge waiver, which provides value for regular commuters. However, it lacks premium lifestyle benefits such as lounge access, comprehensive insurance, and accelerated reward categories, making it less attractive for high-spending or travel-focused users.

Important Product Details

• Positive Highlights: Zero joining fee, annual fee waiver on spends of ₹50,000, fuel surcharge waiver, and straightforward reward earning.
• Negative Highlights: High finance charges, no lounge access, no travel insurance, and a foreign currency markup fee.
• UPI Linking: The card is available on the RuPay network, enabling linking to UPI for merchant payments.

Other Details

• The fuel surcharge waiver is capped at a maximum of ₹100 per statement cycle.
• The card is available in both Visa and RuPay network variants.