Santa Claus comes around just once a year. In the meantime, there are Credit Cards.
  • Bank of Baroda Assure Credit card

    The Assure Credit Card offered by Bank of Baroda can be availed without needing to submit any income proof. This is because the credit card can be availed against a fixed deposit that the individual might have with the bank or by opening a new fixed deposit account with them. The card offered by the bank has a low-interest rate of 1.6 percent every month that accounts to 19.2 percent annually. Apart from that, individuals who avail the card are eligible for benefits like free add-on card, personal accidental death coverage cash withdrawal up to 100 percent in the case of emergency, zero annual fees based on card usage, zero fuel surcharge etc.

    Features of Bank of Baroda Assure Credit card

    Mentioned below are the features of the Assure Credit card offered by Bank of Baroda:

    • 100% cash withdrawal: The Assure credit card offered by Bank of Baroda allows individuals to withdraw cash up to 100 percent of the credit limit. This feature helps individuals in ways that other credit cards can’t as most other credit cards come with an upper cap when it comes to cash withdrawal. Allowing 100 percent cash withdrawal helps the individual in tackling unforeseen situations like an emergency.
    • EMI option: The card provides individuals the option of converting purchases worth more than Rs.2,500 into EMIs. This feature helps the potential cardholder in planning his/her financial expenses in a better way.
    • No fuel surcharge: Another feature that comes with the Assure Credit card is that 1 percent fuel surcharge is waived on all transactions between Rs.400 and Rs.5,000.
    • Redemption options: Individuals can redeem the reward points earned from using the credit card on a variety of options. The earned reward points can be used for cashback as well as for other things like booking flight and bus tickets, recharge, bill payment, booking movie tickets and hotels among others.
    • Guaranteed issuance: As the credit card can be availed against a fixed deposit, the individual is assured of getting the credit card even if he/she does not have any income proof. All the individual needs to do is to ensure that they need to have a fixed deposit with Bank of Baroda.
    • Free for Lifetime: The individual can make sure of not paying annual fee till he/she continues using the Assure credit card by spending a certain amount on the card. This is another feature that is laced with the Bank of Baroda Assure credit card which can be availed by ensuring that Rs.6,000 is spent within 60 days or Rs.35,000 in a year.

    Benefits of Bank of Baroda Assure Credit Card

    The benefits that an individual can avail upon getting himself/herself the Bank of Baroda Assure credit card are as mentioned below:

    • The cardholder can avail up to 3 free add-on cards, be it for the parents, spouse, siblings and kids above 18 years of age.
    • Can ensure the financial protection of his/her family by availing the in-built insurance cover. The free personal accidental death coverage covers the following:
      • Air Accidental Death Coverage - Rs. 15 lakh
      • Other Accidental Death Coverage - Rs. 5 lakh
    • The individual earns one reward points for every Rs.100 spent on the card. Every reward point converts to Rs.0.25.
    • There is zero liability on any fraudulent transactions carried out on the credit card after it is lost. However, for that, the loss of the credit card needs to be reported to the bank officials immediately.
    • Individuals can avail the revolving credit facility. This enables them to pay just the minimum amount due on the credit card and carry the balance forward which can be paid later as per their convenience. Though interest is charged on the outstanding amount, it gives the customer more time to make the payment.
    • The individuals can avail up to 50 days of interest-free credit. This benefit provided by the bank helps the individual to make purchases at a time when they are running a little short on cash.
    • The Assure credit card is accepted globally hence individuals can use it anywhere in the world for various purposes. Moreover, the transaction fee for foreign currency which is 2.75 percent of the transaction amount is low as compared to other credit cards.
    • The individual is eligible for VISA offers as and when VISA merchants roll out offers.

    Fees and Charges of of Bank of Baroda Assure Credit Card

    Fees and Charges Amount
    Joining fee Nil
    Annual fee Rs.500
    Add-on card fee Nil
    Interest free period 20 to 50 days
    Minimum Repayment fee 5% of outstanding balance or Rs.100 (whichever is higher)
    Cash Withdrawal charges
    • Domestic ATMs – 2.5% or Rs.200 whichever is higher
    • International ATMs – 3% or Rs.250 whichever is higher
    Service Charges 1.6% per month (19.2% APR)
    Duplicate Bill charges Rs.25 per bill
    Surcharge on usage at petrol outlets and Railways 2.5% with a minimum of Rs.10 at petrol outlets
    Cheque return charges 2% of the cheque amount or Rs.300, whichever is higher
    Over limit Penalty 1% over and above the sanctioned credit limit every month
    Card Replacement charges Rs.100 per card
    Salary slip retrieval charges Rs.250 per charge slip
    Overseas transactions 2.75% of the transaction amount
    Limit Enhancement fee Nil
    Unblocking charges Rs.300
    Late Payment Charges
    • Upto Rs.500 – Nil
    • From Rs.501 to Rs.2,500 – Rs.300
    • Above Rs.2,500 – Rs.500

    Eligibility Required For Owning The Bank Of Baroda Assure Card

    Mentioned below is the eligibility that the applicant needs to fulfil for availing the Assure credit card offered by Bank of Baroda:

    • The applicant must be above 18 years of age.
    • The applicant must have a fixed deposit of Rs.25,000 with the bank.

    Documents Required For Owning The Bank Of Baroda Assure Card

    The documents that an applicant needs to submit while applying for a credit card are as follows:

    • Identity proof
    • Address proof
    • One photograph
    • Copy of Fixed Deposit Receipt (FDR)
    • PAN Card

    FAQs on BOB Assure Card

    1. What is the joining fee for Bank of Baroda Assure Credit card?
    2. An individual who intends to avail a Bank of Baroda Credit card does not need to pay any joining fee.

    3. Can I avail the credit card without any income proof?
    4. Yes, an individual can avail the Assure credit card without any income proof. This is because the card is offered against a fixed deposit that the individual has with the bank.

    5. Do I need to pay any fee for availing add-on cards?
    6. No, you do not need to any fees for availing add-on cards.

    7. What is the minimum repayment fee?
    8. The minimum repayment fee that an individual needs to pay is a minimum of Rs.100 or 5 percent of the outstanding amount, whichever is higher.

    9. What is the insurance cover provided by the credit card?
    10. The insurance cover that the individual is eligible for as per the free personal accidental death coverage is Rs.15 lakh for air accidental death and Rs.5 lakh for other accidental death.

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