Bank of India Visa Platinum Privilege Credit Card

1. EMI Options: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.
2. Cash Withdrawal Facility: 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.
3. Revolving Credit Facility: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.
4. Concession on Insurance Premiums: 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.

1. Interest Free Credit Period:The purchases that you make using Bank of India Visa Platinum Privilege Card is given up to 51 days on interest free credit period.
2. Balance Transfer Option: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.

Benefits of Bank of India Visa Platinum Privilege Card:

Bank of India Visa Platinum Privilege Card comes with a bouquet of benefit that makes it a very popular choice amongst Indians.

1. Cash Advance Facility: 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.
2. Worldwide Acceptance: 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.
3. Affordable Interest: 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.
4. 24/7 Customer Service: Bank of India credit cardholders can get their queries answered through the 24/7 helpline and also block their lost card immediately.
5. Reward Points: 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.

Fees and Charges for Bank of India Visa Platinum Privilege Credit Card

The fees and charges for Bank of India Visa Platinum Privilege Card is as follows.

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.

Eligibility for Bank of India Visa Platinum Privilege Credit Card

The eligibility for Bank of India Visa Platinum Privilege Card is as given below.

1. Bank of India Visa Platinum Privilege Card is issued to a person of Indian origin.
2. Individuals of foreign origin who are residing in India at present for employment and other related purposes and non-resident Indians can apply for this card.
3. The applicant must have a good CIBIL score and must not have defaulted on any payment of dues related to Bank of India or any other bank.
4. The customer must have a constant income which will be verified from the income tax return statements and salary slips.

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.

Documentation for Bank of India Visa Platinum Privilege Credit Card

An individual who wants to apply for Bank of India Visa Platinum Privilege Card must submit the following documents.

1. Identity Proof - PAN Card, Voter ID, Aadhaar Card, passport, Driving Licence, any of these documents can be submitted.
2. Proof of Address - The applicant can submit either of recent telephone bills, electricity bills, passport or voter ID as address proof.
3. Income Documents - The customer must submit salary slips, recent IT returns, bank account statements for the last six months and other documents as applicable.

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.

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