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    Bank of Baroda Corporate Premium Credit Card

    Card
    1st Year Fee
    Rewards
    Joining Perks
    500
    Response Time Within 30 minutes

    Bank of Baroda Corporate Premium Credit Card

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Credit Card BYTES FROM OUR KITCHEN

    Overview:

    The Bank of Baroda Corporate Premium Credit Card is specially designed for businesses so that they can easily and efficiently manage their expenses. This Visa card has a host of benefits to offers to its cardholders. These benefits include personal insurance coverage, high withdrawal limit, security chip, loyalty points, benefits by Visa, etc.

    Features and Benefits of Bank of Baroda Corporate Premium Card:

    • Validity – The Bank of Baroda Corporate Premium Credit Card is valid for use at an international level.
    • Interest Rate – The rate of interest on the Bank of Baroda Corporate Premium Credit Card is 2.6 % per month (APR – 31.2 %).
    • Loyalty Points – Whenever you spend Rs.100 using your Bank of Baroda Corporate Premium Credit Card, you will receive 1 Loyalty Point.
    • Cash Withdrawal Limit – The withdrawal limit is 30 percent of the card’s credit limit.
    • Insta Pay – Bank of Baroda credit cardholders can easily pay their bills online using their Insta Pay service.
    • Security – The Bank of Baroda Corporate Premium Credit Card comes with a security chip.
    • Personal Coverage – Bank of Baroda provides free insurance coverage to its Corporate Premium Credit Cardholders. The bank offers Personal Accidental Death Coverage of Rs.5,00,000 in case of death by air accident and Rs.1, 00, 000 in case of death by other accidents.
    • Exclusive Offers - The bank offers exclusive benefits to its credit card holders. The benefits include 0% fuel surcharge, discounts on hotel bookings, air tickets, holidays, etc.
    • Other Benefits – Bank of Baroda Corporate Premium Credit Card holders avail a number of benefits offered by Visa International

    Eligibility Criteria:

    • Limited or Partnership firms or Government companies are eligible to apply for this card.
    • Capital – To be eligible for this card, the applicants need to have a paid up capital of Rs.25 Lakhs and more.
    • Net Worth – To be eligible for this card, the net worth of the company has to be Rs.50 Lakhs and more.
    • Credit Facility – The applicants need to have a credit facility with the bank for Rs.1 crore and more along with a BOB rating of 6 and more.
    • Companies which have existing relations with the bank are given preference

    Required Documents:

    Applicants must provide the following documents while applying for a Bank of Baroda Corporate Premium Credit Card –

    • Undertaking Letter or Board Resolution
    • Partnership Deed or Memorandum of Article and Associations
    • Company PAN card
    • Copy of the Audited Balance Sheet and the Profit & Loss Account for the last 3 years
    • Company IT Return
    • Applicants Photographs

    These documents have to be verified from the nearest Bobcards Area office or the nearest Bank of Baroda Branch. Bank of Baroda account holders have to submit their applications through their concerned bank branch for getting their applications processed quickly.

    Fees and Charges:

    Type

    Amount

    Joining Fees

    Rs.2000

    Annual Fees for the Principal Card

    Rs.2000

    Service charge on outstanding balance

    2.6 % per month

    Cash Withdrawal Limit

    30 % of the card’s credit limit

    Late Payment fee

    Nil - For up to Rs.500,

    Rs.300 – For Rs.501 to Rs.25000,

    Rs.500 – Above Rs.25,001

    Cash Withdrawal from International ATMs

    Rs.250 (3.5 %)

    Cash Withdrawal from Domestic ATMs

    Rs.200 (3 %)

    Fees for card De-blocking

    Rs.300

    Cheque Return Fee

    Rs.300 minimum or 2 % (whichever has more value)

    BOB Corporate Premium Card FAQs:

    • What is the membership fee for Bank of Baroda Corporate Premium Credit Card?

      The membership fee for Bank of Baroda Corporate Premium Credit Card is Rs.2000.

    • Does the Bank of Baroda Corporate Premium Credit Card have chip security?

      Yes, the Bank of Baroda Corporate Premium Credit Card has chip security.

    • What is the service charge on outstanding balance?

      The service charge on outstanding balance is 2.6 % per month.

    • What is the charge for withdrawing cash from international ATMs?

      The charge for withdrawing cash from international ATMs is Rs.250 (3.5 percent).

    • When do I pay my credit card bill?

      You have to pay your credit card bill by the 1st of every month.

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