BOB RAKSHAMAH Credit Card

BOB Financial and Indian Coast Guard have launched a co-branded credit card, thye BOB Rakshamah credit card, a lifetime free RuPay credit card specially designed for Indian Coast Guard personnel. The card offers various privileges, reward benefits, complimentary lounge access, and other benefits at zero annual cost. Read on to know more about this card, which is one of the user-specific credit cards issued by BOB Financial.

Key Features of BOB Rakshamah Credit Card

The following are the significant features of the BOB Rakshamah credit card:

  1. The card comes at a zero joining fee and annual cost
  2. Complimentary FITPASS Pro Membership worth Rs.15,000 for six months
  3. Amazon Prime Membership on a minimum spend of Rs.1 lakh for 12 months
  4. Provides two complimentary airport lounge access per quarter in a calendar year
  5. Provides one complimentary golf lesson or game per quarter in a calendar year
  6. Offers smart EMI option by converting purchases worth Rs.2,500 or more into EMIs of six or 36 months
  7. A fuel surcharge waiver of 1.00% provides on the transaction between Rs.400 and Rs.5,000

Note:

  1. Mazon Prime membership is offered within 90 days of card issuance
  2. Reversal of GST component does not take place in case of fuel surcharge waiver
  3. A fuel surcharge waiver is offered on fuel purchases across all fuel stations in India
  4. Reward points are not applicable on fuel purchase with a surcharge waiver
  5. The fuel surcharge waiver provided is an amount of maximum of Rs.250 in a statement cycle

Benefits of BOB Rakshamah Credit Card

The following are the benefits of the BOB Rakshamah credit card:

  1. Offers three add-on lifetime free cards
  2. In-built insurance cover, providing free accidental death coverage
  3. Ensures zero liability on fraudulent transactions in case of loss of card
  4. Allows customers to avail themselves of interest-free credit for up to 50 days
  5. Enables users to revolve the credit facility by paying the minimum due amount

Note:

  1. Add-on cards are available for parents, siblings, spouses, or kids above 18 years of age
  2. Provides air and non-air accidental death coverage worth Rs.20 lakh
  3. Card benefits can be availed by the users once in the preceding 30 days

Reward Benefits of BOB Rakshamah Credit Card

Here are the following reward benefits that can be availed by the users of BOB Rakshamah credit cards:

  1. Provides 10 reward points for every Rs.100 spent at grocery and departmental store
  2. Provides 2 reward points for every Rs.100 spent in other categories

How to Apply for BOB Rakshamah Credit Card

The following are the steps to apply for BOB Rakshamah credit cards:

  1. Visit the BOB Financial official website
  2. Click on 'Apply Now' option under the Rakshamah credit card
  3. Enter you name as mentioned in the PAN card
  4. Enter the mobile number linked with the Aadhar card to receive OTP
  5. Provide the PAN card number, current address PIN, email address, date of birth and nationality
  6. Click on 'Generate OTP' option
  7. Provide the OTP received and complete the application and submit the form

Note: PAN card is a mandatory KYC document.

FAQS on BOB Rakshamah Credit Card

  • Are there any monthly rental charges for POS (Point of Sale) terminals?

    Yes, a monthly rental charges is levied on the POS merchant at a rate of Rs.474 plus GST, which is into effect from May 2017.

  • What should I do in case my card is lost?

    Contact the nearest BOB branch to inform them that your card is lost. The bank will immediately freeze the card functionality and a new card will be delivered to you within the next seven days. You can also contact 24-hour customer care number- 1800-225-100.

  • What is cash limit in Bob credit card?

    The cash limit of Bank of Baroda credit card is 40% of the total credit limit of the card and not the total advance cash limit.

  • How long does it take to get approved for a bob credit card?

    It takes seven to 15 working days to get the approval of Bank of Baroda credit card after documents verification.

  • What is the interest rate on Bank of Baroda credit cards?

    The interest rates imposed on Bank of Baroda credit cards range between 13% to 20%.

  • What is the interest free period for Bank of Baroda credit card?

    Bank of Baroda offers an interest free period of 20 to 50 days, which can be availed by the users after clearing the total outstanding amount of the previous month.

  • Does the credit card limit gets increased automatically?

    Yes, the credit card limit may increase automatically, depending upon the payment history of the card user and bank policies.

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