With the Bank of Baroda Swavlamban Credit Card introduced by the Bank of Baroda, cardholders can earn reward points every time they swipe the card.
It comes with an annual membership fee of Rs. 250, but you can easily have it waived by regularly using your credit card and meeting the required annual spending threshold. One notable feature of this credit card is its unique ability to allow cardholders to utilize up to 105% of their credit limit without incurring any over-limit charges. Unlike most credit cards that impose fees for exceeding the credit limit, this card stands out by not penalizing users for even a penny over their limit.
In terms of rewards and additional perks, this card boasts a respectable 1% reward rate across all spending categories. Cardholders have the flexibility to redeem their accrued rewards to offset their outstanding card balance. The card also offers valuable features such as insurance coverage for accidental death, a fuel surcharge waiver, zero liability protection, and more.
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Benefits and Features of Bank of Baroda Swavlamban Credit Card
| Benefits and Features | Bank of Baroda Swavlamban Credit Card |
|---|---|
| Welcome Benefits | N/A |
| Cashback/Rewards Points | Cardholders will get 1 Reward Point on every retail spend of Rs. 100. |
| Travel Benefits | N/A |
| Dining Benefits | N/A |
| Domestic Lounge Access | N/A |
| International Lounge Access | N/A |
| Movie Benefits | N/A |
| Insurance Benefits | The cardholders get insurance coverage against personal accidental death. |
Spend Up to 105% Of Your Credit Limit
Almost all credit cards charge an over-limit fee even if you spend a very small amount beyond your credit limit. But, with the Swavlamban Credit Card, you can spend up to 105% of your credit limit without any over-limit charges. After crossing 105% of the credit limit, an over-limit fee of 2.5% of the over amount (subject to a minimum fee of Rs. 600) will be chargeable. However, it is not a good idea to spend beyond your credit limit, but this card can be really beneficial for you in emergency situations.
Benefits
Here are the features and advantages of the Bank of Baroda Swavlamban Credit Card:
Reward Points:
- Earn 4 reward points for every Rs.100 spent with the Bank of Baroda Swavlamban Credit Card.
Milestone Benefits:
- Spend Rs.2,500 within the first 60 days to have the initial-year fee of Rs.250 reversed.
- Annual fee waived off upon spending Rs.12,000 in a year.
Add-on Card Benefits:
- Avail up to 3 add-on credit cards.
- Apply for add-on credit cards for your parents, siblings, spouse, and/or children (18 years or above).
Fuel Benefits:
- Enjoy a 1% fuel surcharge waiver when using the Bank of Baroda Swavlamban Credit Card at any fuel station nationwide.
- Maximum waiver of Rs.250 per statement cycle.
- To avail the fuel surcharge waiver, the transaction amount should be between Rs.400 and Rs.5,000.
Insurance Benefits:
- Receive complimentary personal accidental death cover with the Bank of Baroda Swavlamban Credit Card.
Credit Limit Benefit:
- Utilize up to 105% of your credit limit with no overlimit charges applicable.
Equated Monthly Instalment (EMI) Benefits:
- Convert all purchases exceeding Rs.2,500 made with the Bank of Baroda Swavlamban Credit Card into EMIs of 6 or 36 months.
Eligibility & Document for Bank of Baroda Swavlamban Card
Read the article on CardsPreview.com for Bank of Baroda Swavlamban Card Eligibility & Document here.
Fees & Charges of Bank of Baroda Swavlamban Credit Card
| Fees & Charges | Bank of Baroda Swavlamban Card |
|---|---|
| Joining fee | Nil |
| Annual fee | Nil |
| Fee waiver | Annual fee waiver – The joining fee (if applicable) would be waived on spending Rs. 2,500 within 60 days, and the annual fee (if applicable) would be waived on spending Rs. 12,000 in the previous year. |
| Fuel surcharge | 1% fuel surcharge waiver on all fuel transactions between Rs. 400 and Rs. 5,000. The maximum waiver is capped at Rs. 250 using this credit card. |
How to Apply for Bank of Baroda Swavlamban Credit Card
You can apply online or offline for this Bank of Baroda Swavlamban Card.
Online – Visit the Bank of Baroda bank’s official website and apply for this Bank of Baroda Swavlamban Credit Card.
Offline – You can visit the nearest Bank of Baroda Bank branch with all the necessary documents for the Bank of Baroda Swavlamban Card.
