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  • India Credit Card Bank of India

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    A truly Indian credit card created exclusively for the Indians, Bank of India - India Credit card will open up a new world full of benefits and privileges. Bank of India - India Card is crafted for the modern Indians who wants to stay in control of their finances, this credit card offers a wide range of benefits that will take banking to the next level. With advantages like nominal interest, attractive EMI option, revolving credit at preferential interest rate and balance transfer facility, the Bank of India - India Card will be every customer’s pride. One of the most sought-after credit cards in the market, Bank of India - India Card also offers reward points that can be redeemed anytime for cash.

    Features of Bank of India - India Card:

    Bank of India - India Card brings with it, an array of advantages which will open up a whole new world of personalized services. Given below are some of the features of Bank of India - India Card.

    • EMI Option:

      Cardholders can make costly spends using their Bank of India - India Card without any second thoughts and repay the same in comfortable instalments over flexible tenures.

    • Cash Withdrawal Facility:

      Cardholders can use their card to withdraw cash from ATMs across the country.

    • Revolving Credit:

      This facility enables the cardholder to pay just 10% of the bill before due date. He will be charged an interest of 1.7% per month on the remaining 90% of outstanding balance. If the entire amount is overdue, the customer will be charged an interest of 2.5% per month.

    • Balance Transfer:

      Bank of India - India Cardholders can transfer their outstanding balance from other credit cards to BOI India Credit Card given that it does not exceed 75% of their spending limit. The minimum amount required to avail the balance transfer facility is Rs.10,000 for other bank cards and Rs.5,000 for India card.

    • Insurance Premium Discounts:

      Cardholders can avail discounts and concession the mediclaim insurance policy premium. The policy value can be up to Rs. 5 lakhs and this facility is offered exclusively for the cardholders in partnership with National Insurance Co. Ltd.

    Benefits of Bank of India - India Card:

    Bank of India - India Card comes with a bouquet of benefits that will delight every cardholder. Given below are some of the advantages that come with using Bank of India - India Card.

    • Interest Free Credit Period:

      Cardholders can avail an interest free credit period for up to 51 days. Now you do not have to think twice before making costly purchases with your credit card.

    • Wide Acceptance:

      Bank of India - India Card is accepted at over 2, 50,000 merchants across India. This credit card can also be used to withdraw cash from over 9, 000 ATMs.

    • Reward Programme:

      For every purchase that you make, earn exciting reward points. These points can be converted to cash and you can redeem them anytime to spend according to your wish.

    • Flexible Credit Limit:

      Bank of India - India Card supplementary cardholders will be eligible for the benefit of flexible credit limit.

    • Free for lifetime:

      Bank of India - India Cardholders do not have to pay the annual charges if a minimum of Rs. 20,000 is spent using the card the previous year.

    • Attractive Interest Rates:

      Customers can convert their costly spends to EMI and can repay over a period of time at nominal interest charges, Also, with the benefit of revolving credit at preferential interest rates, cardholders will get more financial flexibility.

    Fees and Charges:

    The fees and charges for Bank of India - India Credit Card is given below. Since the fees and charges for services pertaining to this credit card are subject to frequent change, enquire about the prevailing fees and charges before making a credit card transaction.


    Fees and Charges

    Joining Fee


    Annual Fee

    Waived if the minimum transaction of Rs.20,000/- during the previous year.

    Minimum Expenses to Waive Annual Fees

    Rs 20,000

    Add On Card Fee

    NA. (Presently add-on cards are allowed to the immediate relatives of primary cardholder)

    Credit Limit

    20 per cent of annual income minimum limit: Rs.15,000/- maximum Rs.50,000/-

    Free Credit Period

    Maximum of up to 51 days

    Over Limit Charges

    Rs. 100 for each transaction

    Penalty Interest Rate

    1.70 percent per month

    Cash Advance Transaction Fee

    2.5% on cash advance amount

    Return of Cheque Fee

    Minimum of Rs 100

    Cheque Bounce Fee

    Minimum of Rs 100

    Charge Slip Request

    Rs. 100 or actual whichever higher

    Air/Railway Booking - Transaction Charges

    Actual charges as prescribed by the Indian Railways or acquirer bank.

    Duplicate Statement Request Charges

    Rs 50


    For a customer to be able to apply for Bank of India - India Card, he must satisfy the following eligibility criteria.

    • Bank of India - India Credit Card is issued to an individual of Indian origin.
    • Income Criteria - The applicant must have a gross annual income of Rs.0.75 lakhs and above.
    • Individuals of foreign origin (currently residing in India for the purpose of employment) and non-resident Indians can also apply for Bank of India - India Credit Card.
    • The applicant must have a stable income which will be verified from the income tax return statements and salary slips.
    • 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.

    Documentation Required:

    The applicant must submit the documents given below to obtain a BOI India Credit Card.

    • Identity Proof - You can submit any one of passport, driving licence, voter ID, Aadhaar card and PAN card.
    • Residence Proof - You can provide any one of recent telephone bills, passport electricity bills or voter ID as a proof of address.
    • Income Proof documents - recent IT Returns, salary slips and last six months bank account statements showing salary credit.

    The documents required will vary depending on the applicant’s source of income and employment type (if he is self-employed or salaried). Do enquire with Bank of India about the complete list of documents required before starting the credit card application process.

    FAQs on India Credit Card - Bank of India

    1. Can I use my Bank of India - India Credit Card overseas?

      No, Bank of India - India Card is intended for use only in India, Bhutan and Nepal.

    2. What is the billing cycle for Bank of India - India Card?

      The billing cycle is from the 16th of running month to the 15th of subsequent month. Payment is to be made before the 5th of succeeding month which makes it very convenient for salaried class.

    3. Can I withdraw cash from other bank ATMs using Bank of India - India Card?

      Yes, you can withdraw cash from other bank ATMs and Bank of India ATMs using the PIN.

    4. My credit card PIN is not working. How do I change it?

      To change your credit card PIN, you have to send a request through e-mail or post requesting the reissuance of PIN. You will have to address it to the CPD quoting the credit card number and the reason. The re-pin will be sent to your registered address.

    5. What is the maximum tenure option that I can avail under EMI facility?

      You can choose to pay back the billing in instalments spread over across a maximum of 36 instalments.


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    India Credit Card Bank of India Reviews

    • Bank of India
      "Average Service"
      0.5 1.0/5 "Really Bad"
      I've a credit card from the Bank Of India. The limit is is 20000 which is very low. There are No offers no cash back facilities with the card . Their customer care is also not good. This card do not have any exciting offers and benefits worth commendable.
      Was this review helpful? 28
      , mumbai
      Reviewed on May 25, 2018
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