Bank of IndiaBank of India Mastercard Platinum Contactless Debit Card – Benefits, Fees & Eligibility
Is the Bank of India Mastercard Platinum Contactless Debit Card Right for You?
The Bank of India Mastercard Platinum Contactless Debit Card is best suited for users who prioritize Everyday Use, Fuel, Shopping. With an issuance fee of Lifetime Free and an annual maintenance charge of Lifetime Free, this card offers free entry for new applicants. It offers Reward Points, Debit Card EMI, Merchant Vouchers as its primary reward mechanism, with a rewards rate of Reward points on every eligible spend.
Key Card Details
Lifetime Free
Lifetime Free
Reward Points, Debit Card EMI, Merchant Vouchers
3.5% on international transactions
Reward points on every eligible spend
Up to ₹50,000 per day
Up to ₹1,00,000 per day
Notable Perks
Insurance Coverage
Personal accident insurance cover up to ₹2 lakh on select variants
Dining Benefits
Periodic merchant-specific dining discounts
Fuel Surcharge Waiver
1% waiver on fuel purchases at select petrol pumps
Account Requirement
Linked to various savings and current account tiers
Free ATM Transactions
Free at Bank of India ATMs
Things to Consider
Foreign currency markup of 3.5% is relatively high for international use
Annual maintenance charges apply and vary by card variant
Lounge access not available on standard variants
Benefits & Features
Rewards Rate
Reward points on every eligible spend
Reward Type
Reward Points, Debit Card EMI, Merchant Vouchers
Insurance Coverage
Personal accident insurance cover up to ₹2 lakh on select variants
Dining Benefits
Periodic merchant-specific dining discounts
Travel Benefits
Periodic merchant-specific travel offers
Daily ATM Withdrawal Limit
Up to ₹50,000 per day
Daily POS/Online Spend Limit
Up to ₹1,00,000 per day
Account Requirement
Linked to various savings and current account tiers
Fees & Charges
Issuance Fee
Lifetime Free
AMC Fee
Lifetime Free
Foreign Currency Markup
3.5% on international transactions
Fuel Surcharge Waiver
1% waiver on fuel purchases at select petrol pumps
Free ATM Transactions
Free at Bank of India ATMs
ATM Withdrawal Charges
Nominal fee at other bank ATMs beyond free transactions as per RBI guidelines
Card Replacement Fee
₹200–₹300 plus GST
Pros & Cons
Pros
Key benefits and features of this card.
High daily POS limit of up to ₹1 lakh for seamless shopping
Fuel surcharge waiver of 1% at select petrol pumps
Contactless payment enabled for quick and secure tap-to-pay
Reward points on eligible spends redeemable for vouchers or cashback
Personal accident insurance cover up to ₹2 lakh on select variants
Cons
Key drawbacks and limitations of this card.
Foreign currency markup of 3.5% is relatively high for international use
Annual maintenance charges apply and vary by card variant
Lounge access not available on standard variants
ATM withdrawal charges apply at other bank ATMs beyond free limits
Product Details
Available on RuPay, Visa, and Mastercard platforms
Contactless payment feature enabled
Supports Debit Card EMI on select merchant platforms
24x7 customer support for card-related queries
Linked to various savings and current account tiers
International usage available on select variants
Benefits & Features
Rewards Rate
Reward points on every eligible spend
Reward Type
Reward Points, Debit Card EMI, Merchant Vouchers
Insurance Coverage
Personal accident insurance cover up to ₹2 lakh on select variants
Dining Benefits
Periodic merchant-specific dining discounts
Travel Benefits
Periodic merchant-specific travel offers
Daily ATM Withdrawal Limit
Up to ₹50,000 per day
Daily POS/Online Spend Limit
Up to ₹1,00,000 per day
Account Requirement
Linked to various savings and current account tiers
What matters, explained clearly
Introduction
The Bank of India debit card is issued by Bank of India and is linked to various savings and current account tiers. It offers a range of benefits including high daily transaction limits, fuel surcharge waivers, and reward programs on spends, making it a versatile payment tool for both domestic and international usage.
Transaction Limits & Usage
- Daily ATM withdrawal limit: Up to ₹50,000 (subject to account variant and bank policy)
- Daily POS/online transaction limit: Up to ₹1,00,000 (subject to account variant and bank policy)
- International usage: Available on select card variants; enabled by default or upon request
Fees and Charges
- Issuance Fee: Nil for most account variants; may apply for premium cards
- Annual Maintenance Charge (AMC): Varies by card variant; typically ₹200–₹500 plus GST
- Card Replacement Fee: ₹200–₹300 plus GST
- ATM Withdrawal Charges: Free at Bank of India ATMs; nominal fee at other bank ATMs beyond free transactions as per RBI guidelines
- Foreign Currency Markup: 3.5% on international transactions
- Fuel Surcharge: 1% waiver on fuel purchases at select petrol pumps (subject to minimum and maximum transaction limits)
Rewards & Offers
- Reward points on every eligible spend; redeemable for vouchers, merchandise, or cashback
- Debit Card EMI offers: Available on select merchant platforms for high-value purchases
- Merchant-specific discounts: Periodic offers on e-commerce, travel, and dining
- Lounge access: Not available on standard variants; may be offered on premium debit cards
- Insurance: Personal accident insurance cover up to ₹2 lakh on select variants
Other Details
- The card is available on RuPay, Visa, and Mastercard platforms depending on the account variant.
- Contactless payment feature is enabled on all new cards.
- 24x7 customer support is available for card-related queries and blocking.