Santa Claus comes around just once a year. In the meantime, there are Credit Cards.
Carefully designed for people who want the best experiences in life, Bank of India Visa Platinum Privilege Card will take your purchase experience to the next level. Bank of India Visa Platinum Privilege Cardholders enjoy exclusive privileges and enviable benefits including attractive EMI options and reward points on purchases.
Elevate your shopping and purchase experience with the reward scheme offered by the Bank of India. With a line of benefits that come with Bank of India Visa Platinum Privilege Card including add-on cards, balance transfer facility and flexible credit limits, cardholders will get to enjoy a whole new world of banking privileges.
Bank of India Visa Platinum Privilege Card comes with the following advantages.
The customer can easily convert his purchases to EMI provided the value of card transaction is over Rs.5000. You can choose to repay the credit in comfortable tenure options.
Bank of India Visa Platinum Privilege Cardholders can use their card to withdraw cash from Bank of India ATM as well as other bank ATMs.
The cardholder will have to pay just 10% of the credit card bill before due date if he avails the revolving credit facility. On the 90% of the outstanding balance, the customer will have to pay an interest of 1.70% per month. If the amount is overdue, an interest of 2.5% per month will be charged.
Customers are offered concession on mediclaim insurance policy premium for policies worth Rs. 5 lakhs. This facility is offered in partnership with National Insurance Co. Ltd.
The purchases that you make using Bank of India Visa Platinum Privilege Card is given up to 51 days on interest free credit period.
Cardholders can transfer the outstanding balance from other credit card to Bank of India Visa Platinum Privilege Card subject to up to 75% of spending limit. To avail the balance transfer facility, the minimum amount required for other bank credit cards is Rs. 10,000 and Rs. 5,000 for Bank of India Card.
Bank of India Visa Platinum Privilege Card comes with a bouquet of benefit that makes it a very popular choice amongst Indians.
Bank of India Visa Platinum Privilege Cardholders are offered the facility of cash advance at over 4000 BOI branches with free remittance for credit card payment.
Bank of India Visa Platinum Privilege Card is a photo credit card that is accepted at over 2. 5 lakh merchant PoS and can be used to withdraw cash from more than 90, 000 ATMs.
Cardholders can convert costly purchases to EMIs and repay the same over a period of tenure. Customers are offered nominal interest rates for EMI facility.
Bank of India credit cardholders can get their queries answered through the 24/7 helpline and also block their lost card immediately.
With every spend that you make using Bank of India Visa Platinum Privilege Card, you will earn reward points which can be exchanged for cash and fee waivers.
The fees and charges for Bank of India Visa Platinum Privilege Card is as follows.
| Service | Fee & Charges |
|---|---|
| Annual Fee | Rs 600 per annum |
| Add On Card Fee | Rs 350 per annum |
| Cash Advance Transaction Fee | 2% (minimum Rs. 50) for each transaction. |
| Charges for Duplicate Statement Request | Rs 50 |
| Over Limit Charges | Rs. 100/- for each transaction |
| Cheque Bounce Fee | Minimum of Rs 100 |
| Credit Limit | 20% of annual income subject to a minimum of Rs. 30,000 and a maximum of Rs.2, 00,000 |
| Charge Slip Request | Rs. 100/- or actual whichever higher |
| Air and Railway Booking charges | Actual charges as prescribed by the Indian Railways or the acquirer bank |
| Penalty Interest Rate | 1.70% per month |
| Late Payment Penalty | Rs. 100/- in addition to finance charges for minimum payment due greater than Rs. 1000 |
| Cash Advance Limit | 50% of cardholder total spending limit subject to Rs.15,000 per day |
| Foreign Currency Transaction Charges | 2% |
The fees and charges for Bank of India Visa Platinum Privilege Card are subject to frequent changes and revisions. Do enquire with bank of India about the prevailing rates before making a credit card transaction.
The eligibility for Bank of India Visa Platinum Privilege Card is as given below.
The eligibility criteria for Bank of India Visa Platinum Privilege Card may depend on the applicant's income source and type of employment. For detailed list of eligibility conditions and income criteria, do contact Bank of India.
An individual who wants to apply for Bank of India Visa Platinum Privilege Card must submit the following documents.
The documents required will vary depending on your employment type and income source. Do enquire about the complete list of documents needed before starting the credit card application process.
At merchant Point of Sale counters, this card can be used to make transactions up to Rs.1 lakh. The maximum amount of cash that can be withdrawn using Bank of India Visa Platinum Privilege Card from ATM is Rs. 50,000.
Yes, Bank of India Visa Platinum Privilege Card is an international card and can be used overseas.
Yes, you can convert your purchases to EMI (up to a maximum of 36 EMIs). This facility can be availed for transactions over Rs. 5000.
No, this facility can be availed for transactions for purchase of services and goods over Rs.5000.
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