Look for a wide range of cashback and reward benefits? Look no further! With Bank of Baroda credit cards, you can fulfill all of your shopping requirements and live a premium lifestyle. Every Bank of Baroda credit card comes with tailor-made benefits. If you seek to avail a Bank of Baroda credit card, you must meet certain eligibility criteria as requested by Bank of Baroda. Read more to find out.
Your CIBIL credit score is the most important determinant with respect to your credit card application is a CIBIL score. Without a good CIBIL score, Bank of Baroda will not process your credit card application and will most likely reject your application. Why? Read more to find out.
Every bank, including Bank of Baroda, undertakes due diligence of a potential borrower in order to minimize the risk of non-payment. To do so, they run a credit check with CIBIL. CIBIL provides the bank with the credit information report and credit score. A credit score is an indicator of your financial health as it maps all of your recent and past credit history including existing loans, EMIs, payment defaults. Through this score, the bank gets a fair idea of your payback capacity and creditworthiness. Bank of Baroda has a minimum CIBIL score requirement of 750 for issuing a credit card. Therefore, it is essential that you maintain a high CIBIL score.
Age | Min - 18 years
Max - 65 years |
Status | Salaried | Self-Employed |
Nationality | Resident Indian | NRI |
ID Proof | Aadhaar Card | Passport | PAN | Driving License | Voter ID |
Address Proof | Aadhaar Card | Passport | Rental Agreement | Utility Bills |
Income Proof | 3 Months Bank Statement | Latest Salary Sips | Form 16 | ITR |
It is mandatory for the potential borrower to have a regular source of income. The minimum monthly income for the basic variant is ₹25,000 and for others it depends upon the type of card you have selected. There are four types of credit cards offered by Bank of Baroda. Note: All benefits and features have been sourced from the official website of Bank of Baroda.
Features | Description |
---|---|
Reward Points | 5X rewards on daily expenses. |
Cashback | 0.5% of the card bill payment as cashback. |
Annual Waiver | Annual fee waived off on spending Rs.6,000 within 60 days and Rs. 35,000 in a year. |
Multiple Redemption Options | Facility to Redeem your reward points as cashback |
EMI | Facility to convert purchase of > ₹2,500/- on your card into easy EMIs of 6/12 months. |
Surcharge | 1% fuel surcharge waived for all transactions between ₹400 to ₹5,000. |
Features | Description |
---|---|
Reward Points | 5X rewards on online shopping. |
Bonus | Rs. 1,000 reward points on 5 transactions of more than ₹1,000 per month |
Annual Waiver | Annual fee waived off on spending Rs. 7,500 within 60 days and Rs. 70,000 in a year. |
Multiple Redemption Options | Facility to Redeem your reward points as cashback. |
EMI | Facility to convert purchase of > ₹2,500/- on your card into easy EMIs of 6/12 months. |
Surcharge | 1% fuel surcharge waived for all transactions between ₹400 to ₹5,000. |
Features | Description |
---|---|
Reward Points | 5X rewards on travel and dining. |
Exclusive Benefit | Complimentary access to 38 airport lounges across 22 cities in India and 24 x 7 concierge services. |
Annual Waiver | Annual fee waived off on spending Rs. 10,000 within 60 days and Rs. 1,20,000 in a year. |
Multiple Redemption Options | Facility to Redeem your reward points as cashback. |
EMI | Facility to convert purchase of > ₹2,500/- on your card into easy EMIs of 6/12 months. |
Surcharge | 1% fuel surcharge waived for all transactions between ₹400 to ₹5,000. |
Features | Description |
---|---|
Cashback | 1% Cashback on all spends. |
Annual Waiver | Lifetime free. |
Multiple Redemption Options | Facility to Redeem your reward points as cashback. |
EMI | Facility to convert purchase of > ₹2,500/- on your card into easy EMIs of 6/12 months. |
Surcharge | 1% fuel surcharge waived for all transactions between ₹400 to ₹5,000. |
What if I have a low CIBIL score, will Bank of Baroda still give me a credit card?
No, the minimum CIBIL score requirement for Bank of Baroda Credit Card application is 750.
Does skipping Bank of Baroda credit card payment affect my CIBIL score?
Yes, if you skip even a single EMI or credit card payment, it is most likely to have a negative impact on your CIBIL score.
Had a loan settlement with Bank of Baroda credit card, will it affect my credit score?
Yes, a successful loan settlement can downgrade your CIBIL score further as the entire amount has not be paid by you according to the settlement terms.
Can I get more than 3 Bank of Baroda credit cards if I have a good CIBIL score?
No, you can have only one Bank of Baroda credit card at a time. Instead, you can upgrade your existing transaction limit.