Santa Claus comes around just once a year. In the meantime, there are Credit Cards.
Headquartered in Vadodara, Bank of Baroda (BoB) is one of the most popular Indian banks. The bank offers a wide range of credit cards that are exclusively designed to meet the needs of their cardholders.
To help their credit cardholders track their expenses better, the bank sends out credit card statements every month. Cardholders can choose to get the statement online via e-mail or request for the copy to be sent via post to their registered mailing address. The credit card statements sent by the bank is comprehensive and contains all important credit-related information which will help the cardholder understand their spending habits better.
| Credit card statement period | On the top of your credit card statement, you will be able to see the statement period. A statement period is very important as it indicates the interest-free days on your credit card. Usually, when you use your credit card, you will not be charged interest if you repay the entire due amount within a certain period of time. A statement period will help you calculate the interest-free days within which you can make the payment and pay nothing additional. |
| Due date | Again, on the top corner of your credit card statement, you will be able to see the due date. This is the date by which you will have to pay either the total due amount or the minimum due amount. If there is a delay in making payments, late fees may be charged and your credit score will be affected negatively. |
| The total due amount and minimum due amount | On the top corner of your credit card statement, you will be able to see the total due amount and the minimum due amount. The total due amount is the total outstanding amount that is due on your credit card. However, the minimum due amount is the minimum amount you will be required to pay to avoid late fees, deactivation of your card, and negative credit score reporting. |
| Charges | This section of the credit card statement lists the total charges that have been levied on your card. It is recommended to be attentive when reading this section of your statement as it will help you verify the legitimacy of the transactions that are listed on your card. |
| Debit and credit transactions | In your credit card statement, you will be able to see all the debit and credit transactions of your card. The debit transactions indicate the payments you made using your credit card and the credit transactions indicates the refunds you received. If you are waiting for a refund, you will be able to check is it was successfully processed in this section. However, refunds usually take time to process. If it is not listed in your current credit card statement, it may appear in your next statement. |
No, you cannot transfer funds to another credit card.
Yes, if you have already registered for wallet facility with your customer ID, you do not have to register separately.
If you are an existing Bank of Baroda account holder, you can log into the netbanking account and make your credit card payment. You can also transfer funds via National Electronic Funds Transfer (NEFT).
Unfortunately, you cannot pay another credit card using your Bank of Baroda credit card. However, a balance transfer option may be available depending on the type of card you own.
For credit card issuance-related queries, please call the Bank of Baroda credit card customer care toll-free number 1800 223 224. To block your credit card or for general enquiries, please dial 1800 225 100. Alternatively, you can write an e-mail to ccb@bobcards.com.
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