Today, credit cards have become one of the most important financial products and an indispensable part of the Indian banking industry. Almost all major nationalized banks have a wide range of credit cards to offer customers.
However, the Bank of India is one of the oldest banks in India. BOI’s wide range of services and financial products have been immensely popular amongst the customers for several years now. N
In this article, we are going to discuss in detail the features of the Bank of India Domestic Card, and all the details related to it. We also show you how you can apply for the card and avail of its benefits. So, let’s get straight into it!
Features and Benefits of the Card
Some of the key features of the Bank of India Domestic Credit Card are as follows.
Flexible Credit Limits
The card comes with flexible and customizable credit limits. What this means is that the users can have add-on cards and fix the limits on their credit cards themselves, depending upon their personal requirements.
The repayment installments and interest rates will depend upon this credit limit.
Reward Programme
Bank of India has put together a truly impressive rewards program for domestic credit cards. Moreover, with every card usage, the user gets exclusive discounts and cashback offers from the bank partners.
Needless to say, these rewards and offers make any deal done with the credit card a highly lucrative one!
Online Services
Bank of India, being the preferred bank of thousands of customers has put in place a robust capsule of digital online services for the users.
With the BOI Credit Control App, you can manage your credit card very easily, directly through your smartphone. With BOI online services, keeping track of your finances had never been easier.
Security Features
The Bank of India Domestic Credit card comes with adequate security and authentication features.
The robust safety mechanism ensures that the personal and financial data of the user is safe, and incidents of financial fraud and online robbery are prevented.
How to Apply for a Bank of India Credit Card
Applying for the Bank of India Domestic Credit Card is a fairly simple process. You will have to visit your nearest BOI branch to submit your credit card application.
The bank will require your KYC process to be completed, which includes registering your personal and financial information.
Once your application has been submitted, the decision on your credit card will be communicated to you within the next few working days.
Interest, Fees & Charges
The fees, interest rates, and other charges associated with the card are as follows.
- Annual membership fees (on both principal and add-on card) - 0
- 21 to 51 days of the interest-free credit period
- Revolving Credit Charges - 22.45% p.a.
- Cash Advance Charges - 2 to 2.5% per transaction
Eligibility Requirements for Bank of India Credit Card
The eligibility criteria that need to be fulfilled for getting the card issues are as below.
- You should be an Indian citizen OR a person of Indian origin living abroad (NRI) or a foreign national living in India on employment.
- You should be able to complete all the KYC requirements at the time of application.
- You should have a valid and acceptable credit score with no history of financial defaults.
- You should be a full-time salaried employee or a self-employed person with a steady source of income.
Also read: Learn How to Get an Amazon Credit Card Online – Prime Rewards Visa Signature
Contact Information
Head Office Address
Star House, C-5 G Block, Bandra Kurla Complex,
Mumbai 400051, Maharashtra, India
Phone No.
1800 103 1906 (Tollfree)
+91-22-66684490
+91-22-66684444
Conclusion
The Bank of India Domestic Credit Card is a good credit product for Indian citizens who need a feature-rich card from a trusted Indian bank.
The card is simple to use, offers great flexibility along with rewards and offers. Of course, it is not the only card on the market, so you should explore a few credit cards before deciding on one.
Disclaimer: There are risks involved when applying for and using credit products. Refer to the bank’s terms and conditions page before agreeing to anything.
