BOI VISA GOLD INTERNATIONAL – Benefits, Fees & Eligibility

Introduction

The BOI Visa Gold International Credit Card from Bank of India is a practical choice designed for individuals seeking to maximize their everyday spending. This card allows users to earn double the Reward Points on all Point of Sale (POS) and E-commerce transactions, making daily purchases more rewarding. With no joining fee and a low annual fee, it offers good value for regular shopping, online payments, and occasional international spending, without the burden of high costs. Its competitive foreign currency markup of 2% further enhances its appeal for global transactions.

Fees

• Joining Fee: Nil
• Renewal Fee: ₹300 + GST
• Add-on Card Fee: ₹300
• Replacement Fee: ₹300
• Foreign Currency Markup: 2%
• Interest Rates: 1.70% Per Month (20.4% Annually)
• Cash Advance Charges: 2.5%

Rewards

The BOI Visa Gold International Credit Card allows customers to earn double the reward points (2X) on their purchases made through both Point of Sale (POS) transactions and E-commerce (ECOM) transactions. This means that for every time you spend at physical retail locations or online stores, you will receive two reward points instead of just one. This accelerated earning applies to eligible transactions, excluding certain blocked categories.

Card Eligibility Criteria

To qualify for the BOI Visa Gold International Credit Card, applicants must meet the following criteria:

• Age: Must be at least 21 years old.
• Income: Must have a stable and consistent source of income, either as a salaried employee or self-employed, with proof of income provided through payslips, bank statements, or tax returns.
• Credit History: A positive credit history is essential, reflecting reliable past credit behavior.
• Residency: Must be an Indian resident or a Non-Resident Indian (NRI).
• Bank Account: Must have a valid and active savings account with Bank of India.

Card Review

Pros

• Earn double reward points on eligible POS and e-commerce transactions, providing greater value from your everyday spending.
• The card comes with no joining fee and has a very low annual fee of ₹300.
• Features a competitive foreign currency markup of only 2%, lower than many other cards.

Cons

• This card does not offer premium travel and dining perks, such as airport lounge access, travel insurance, or exclusive partner offers.
• Reward programs and redemption options are quite basic compared to modern cashback and travel-focused cards.
• Lacks insurance coverage and travel-related benefits.

Ideal User Profile

The Bank of India Visa Gold International Credit Card is a practical choice for people who want a simple and dependable credit card for everyday use. It works well for regular shopping, online payments, and occasional international spending without putting pressure on your budget. It is best suited for users who prioritize basic rewards on daily expenses and do not require premium benefits like lounge access or extensive travel perks.

Verdict

With no joining fee and a low annual fee of ₹300, the card offers good value, especially for users who don’t need premium benefits. The 2X reward points on shopping transactions are useful for daily expenses, even though the rewards program itself is quite basic. However, this card is not meant for luxury or travel-focused users. If you are looking for airport lounge access, travel insurance, dining discounts, or high-end rewards, this card may feel limited.

Important Product Details

• The card is accepted at all domestic and foreign merchants across the globe.
• An EMI at POS facility is available on Point of Sale terminals managed/owned by M/S WorldLine Private Limited.
• The maximum cash limit is 50% of the spending limit.
• A maximum amount of ₹15,000 can be withdrawn per day from any ATM location worldwide.
• The billing cycle runs from the 16th of the current month to the 15th of the next month.
• Payment is to be made on or before the 5th of the succeeding month, which is convenient for salaried individuals.
• Flexible credit limits are available for add-on cards.
• An add-on card fee of ₹300 applies.
• A replacement fee of ₹300 applies for card reissuance.
• The card must be activated within 30 days from the date of issuance to avoid its closure, as per RBI Guidelines.

Other Details

• Card Activation: The card can be activated through the BOI Omni Neo Mobile Banking App, BOI Internet Banking, or by raising a service request at any Bank of India branch.
• PIN Generation: Card PINs can be generated via the BOI Omni Neo Mobile Banking App, BOI Internet Banking, or by approaching a branch for InstaPINs.
• Setting Limits and Channels for Card Usage: Users can manage their card limits and enable/disable usage channels (ATM, Tap and Pay, E-Commerce, Merchant Outlets) for both domestic and international transactions through the BOI Omni Neo Mobile Banking App and BOI Internet Banking. Custom limits can also be set for each channel.