BOI RUPAY BHARAT – Benefits, Fees & Eligibility

Introduction

The Bank of India RuPay Bharat Credit Card is a Contactless Platinum International Credit Card designed to offer convenient global acceptance, flexible limits, and an interest-free credit period of up to 51 days. Tailored to suit the needs of salaried individuals and self-employed professionals, this card provides a host of benefits including complimentary lounge access, accelerated reward points, and exclusive lifestyle offers. It aims to make payments easy for all expenses, both online and offline, while providing a rewarding experience to its cardholders.

Welcome Benefits

Cardholders of the Bank of India RuPay Bharat Credit Card can enjoy a range of welcome and ongoing benefits:

• A 3-month membership per annum of Swiggy One.
• Discount vouchers worth ₹250 per quarter, redeemable at Flipkart.
• Discount vouchers worth ₹250 per quarter on BigBasket.
• ₹250 off on the purchase of a minimum of 2 movie tickets per quarter from BookMyShow.

Fees

The Bank of India RuPay Bharat Credit Card comes with the following fees and charges:

• Issuance (Joining) Fee: Nil
• Annual Maintenance Charge (AMC):
  • Principal Card: ₹400
  • Add-on Card: ₹300
• Replacement Charge: ₹300 (for both principal and add-on cards)
• Interest-Free Period:
  • For Other Transactions: 21 to 51 days
  • For Cash Advance/Withdrawal: Nil (interest charged from day one)
• Charges on Revolving Credit: 2% per month (24% p.a.) on a daily balance.
• Service Charge in case of Default: 3% per month (36% p.a.).
• Charges on Over Limit Account: 3% per month (36% p.a.) on daily balances.
• Usage Over Spending Limit: 2% of the over-limit amount (minimum of ₹250).
• Foreign Currency Markup: 3%
• Cash Advance Charges: Interest is charged from day one at 2% per month (24% p.a.).

Rewards

The Bank of India RuPay Bharat Credit Card offers an attractive rewards program:

• Reward Earning: Earn 2X Loyalty Reward points on all Point of Sale (POS) and E-commerce (ECOM) transactions. Please note that certain restricted categories are excluded from earning these accelerated reward points.

Rewards Redemption Guide

To view and redeem the complimentary and discounted features/offers available with your Bank of India RuPay Bharat Credit Card:

• Log into the RuPay Platinum portal for a one-time registration.
• Once registered, log in with your credentials and OTP to view available offers and benefits.
• To avail any benefit, click on it and choose "Redeem," which will redirect you to the payments page.
• The cardholder will need to complete a ₹1 transaction with the RuPay Credit Card to finalize the booking.
• Post-payment, you will receive the voucher code through mobile/email for the selected service, which must be presented at the respective merchant outlet/website.

Card Eligibility Criteria

To be eligible for the Bank of India RuPay Bharat Credit Card, applicants must meet the following criteria:

• The customer should have a valid and active savings account with Bank of India.
• The customer should attain a minimum age of 21 years.
• The customer needs to have a regular income and provide proof of the same.
• The customer can either be a salaried employee or self-employed and managing their own business.
• The customer should have a good credit history.
• The customer needs to be an Indian resident or a Non-resident Indian (NRI).

Card Review

The Bank of India RuPay Bharat Credit Card is a versatile option for individuals seeking a card with global acceptance and a mix of lifestyle and travel benefits. Its 2X reward points on everyday POS and ECOM transactions make it appealing for regular spenders. The complimentary domestic and international lounge access is a significant perk for frequent travelers, while the Swiggy, Flipkart, BigBasket, and BookMyShow vouchers cater to daily needs and entertainment. However, the card does carry an annual fee that is not spend-waivable, and the high interest rates on revolving credit and cash advances are points to consider.

Pros:

• Accepted globally at both domestic and international merchants.
• Offers complimentary domestic (4/year) and international (2/year) lounge access.
• Earns 2X Loyalty Reward points on POS and ECOM transactions.
• Provides valuable lifestyle benefits including Swiggy, Flipkart, BigBasket, and BookMyShow vouchers.
• Includes personal accident and permanent disability insurance cover of up to ₹2 Lakhs.

Cons:

• An annual maintenance charge of ₹400 applies without a spend-based waiver.
• High interest rates on revolving credit (24% p.a.) and default charges (36% p.a.).
• Cash advances incur interest from day one, with no interest-free period.
• Reward points are not earned on certain restricted categories.
• Lounge access benefits are subject to changes at RuPay's discretion.

Important Product Details

• Global Acceptance: Accepted at domestic and foreign merchants across the globe.
• Credit Limit: Maximum credit limit is 20% of gross annual income, extendable up to 40% depending on the merits of the case.
• Cash Limit: Maximum cash limit is 50% of the spending limit.
• ATM Withdrawal: Maximum amount of cash that can be withdrawn from ATM is ₹15,000 per day.
• Interest-Free Period: Up to 51 days interest-free credit period on retail purchases.
• Payment Due Date: Payment is to be made on or before the 5th of the succeeding month, suiting the requirements of the salaried class.
• Add-on Cards: Flexible credit limits for add-on cards are available.
• Insurance Cover: Up to ₹2 Lakhs for Personal Accident and Permanent Disability, provided by RuPay.
• Concierge Services: 24x7 Concierge services are available.
• RuPay Platinum Portal: Log into the RuPay Platinum portal for a one-time registration to view all complimentary and discounted features/offers.

Other Details

Card Activation: You can activate your Bank of India RuPay Bharat Credit Card through multiple channels:

• Omni Neo Mobile Banking App: Log in, go to 'Manage Cards', select the inactive card, choose 'Activate Card', enter expiry (MM/YY), verify with OTP, and set your PIN.
• BOI Internet Banking: Log in, go to 'Pay' > 'My Cards', select the inactive card, choose 'Activate Card', enter expiry (MM/YY), verify with OTP, and set your PIN.
• Branches: Visit your nearest branch, where staff can facilitate activation by raising a service request in the CRMNext portal.
• IVR or Toll-Free Number: Dial 022-4042 6006 (IVR) or 1800-220-088 (Toll-Free), follow the prompts to activate your new card, enter your 16-digit card number and expiry, and verify with OTP.

PIN Generation: Generate your card PIN securely via:

• Omni Neo Mobile Banking App: Log in, go to 'Manage Cards' > 'Credit Cards Section', select your active card, choose 'Set Card PIN', enter and re-enter your 4-digit PIN, and verify with OTP.
• BOI Internet Banking: Log in, go to 'Pay' > 'My Cards', select your active card, choose 'Generate PIN', enter and re-enter your 4-digit PIN, and verify with OTP.
• Branches: Customers can approach their nearest branch for availing InstaPINs for their credit cards.
• IVR or Toll-Free Number: Dial 022-4042-6006 (IVR) or 1800-220-088 (Toll-Free), follow prompts for existing cardholders, enter your 16-digit card number, receive OTP, and then set your 4-digit PIN.
• BOI Credit Control App: Log in, choose the card, select 'Change Green PIN', enter OTP, and set your 4-digit PIN.
• Bank of India Website: Visit the official website, log in, go to 'Requests' > 'Green PIN', select your card number, enter OTP, and set your 4-digit PIN.

Setting Limits and Channels: Adjust transaction limits (POS/ATM/ECOM/NFC) through:

• Omni Neo Mobile Banking App: Log in, go to 'Manage Cards' > 'Set Limit And Channels', enable/disable channels, set limits, and save changes.
• BOI Internet Banking: Log in, go to 'Pay' > 'My Cards', select your card, choose 'Set Limits and Channels', enable/disable channels, set limits, and save changes.
• BOI Credit Card Control App: Log in, choose the card, enable/disable POS/ATM/ECOM/NFC channels, set custom limits, and submit.
• IVR or Toll-Free Number: Dial 022-4042-6006 (IVR) or 1800-220-088 (Toll-Free), follow prompts for existing cardholders, enter your 16-digit card number, receive OTP, choose transaction channels, set desired limits, and confirm with OTP.

Procedure to Avail Offers:

• Log into the RuPay Platinum portal for a one-time registration.
• Once registered, log in with your credentials and OTP to view available offers and benefits.
• To avail any benefit, click on the same and choose “Redeem” which will be redirected to the payments page.
• Cardholder will have to complete an ₹1 transaction with RuPay Credit Card to complete booking.
• Post payment, cardholder will receive the voucher code through mobile/email for the selected service, which has to be presented at respective merchant outlet/website.
• For service issues, customers can write directly to NCPI at rupay@golftripz.com or contact HeadOffice.CPDCreditCard@bankofindia.bank.in.