Bank of India
Credit Card

Founded in the year 1906 by some of the most eminent businessmen hailing from Mumbai, Bank of India became a nationalized bank only in the year 1969. Since its inception, the bank has been actively working towards providing niche banking services in the most cost effective manner. They are known for being extremely proactive and providing the best possible customer care.

Bank of India is one of the most revered development banks in the counts, who are consistently providing financial solutions not only to individuals but to Small Businesses in the mass and rural markets as well. They currently have over 5000 branches pan India and have been pioneers in providing the best banking services and innovative banking systems to every customer.

With Bank of India, you have MasterCard, Visa and RuPay card options. Each card under their product range is loaded with features that are perfectly suited to fulfill your requirements in terms of your lifestyle as well as your expenses. These are among the most sought after credit cards in the country because of their straight-forward eligibility criteria and the simple application procedures.

To ensure that customers get great value for every paisa spent on their credit card, they also provide attractive reward points. These points can be redeemed for products and services with some of the top merchants and brands. These rewards are provided under and exclusive BOI Star Rewardz program that gives you a detailed product catalogue to redeem your points against.

The BOI credit cards are also extremely convenient to use. You have great repayment options that ensure that you do not miss any repayment towards your card. These cards are extremely secure to use as well.

Also Check: Minimum Cibil score for credit card 

There are three categories of Bank of India Credit Cards with unique cards under each category. These categories include:

MasterCard Credit Cards

• BOI India Card
• BOI MasterCard Platinum International Card

Visa Credit Cards

• BOI Visa Gold International Card
• BOI Visa Platinum International Card

RuPay Credit Cards  

• BOI RuPay Platinum Credit Card
• BOI SwaDhan RuPay Platinum Credit Card

Bank of India Credit Cards are loaded with attractive features that make it more convenient for customers to use the cards and also give them maximum benefits on each card. Some such features include:

• Get Interest Free Credit Facility: You have a credit free period of up to 51 days depending upon the Bank of India Credit Card that you choose. This allows you to save on your spends on each type of card.
• Enjoy Revolving Credit: Revolving credit facility is provided to customers to ensure that they do not have the burden of making lump sum payments towards the credit card. By paying just 10% of the amount outstanding on or before the payment date, customers can make use of the revolving credit facility. They will have to pay an interest of just 1.70% per month for the remaining payment due. Interest is higher at 2.5% per month if the entire billing amount is to be paid.
• EMI Option Available with Each Card: Customers have the option of avoiding large payments at one go by converting all transactions into easy EMIs. The minimum value of the transaction in order to convert it into an EMI is 5000. Within 20 days of the transaction, the amount can be converted into EMIs of up to 36 months.
• Cash Withdrawal Facility: These cards come with a cash withdrawal facility which allows you to generate emergency funds. You can withdraw cash from any BOI ATM or an ATM of another bank.
• Balance Transfer Option: Card holders have the option of transferring their balance on credit cards of other institutions to their BOI credit card. The amount that can be transferred is up to 75% of the credit limit available on the current card. The minimum amount required for balance transfer facility is 5000 for the BOI India card and 10000 for the other types of credit cards.
• Concession in Mediclaim policy: Card holders can also save on the premium paid towards their Mediclaim health insurance. With the tie up with the National Insurance Co, customers can get concessions on premium up to 5.00 Lakhs

Additional Reading: How to calculate credit score?

The benefits available to customers because of the several added features of BOI Credit Cards are as follows:

• Easy repayment options: Bank of India provides several facilities in order to make repayments on the credit card more affordable for customers. To begin with you have the interest free period and the revolving credit facility. You can also convert any transaction into an EMI that is affordable for you.
• Complete security: The cards come with an EMV chip and are also protected by a PIN to ensure that the chances of any frauds are reduced. You also get SMS notification for transactions made on your card to check if they are authorized. The 24x7 customer care facility allows you to hot list any card instantly in case of a suspected fraudulent or unauthorized transaction.
• Exclusive rewards: Every BOI credit card customer is automatically registered for the BOI Star Rewardz program. That way, you can earn exclusive points on all spendings that can be redeemed against lifestyle products, services and a lot more. BOI has partnered with some of the best brands and merchants to give customers great value for each point earned.
• 24x7 customer care services: You can reach BOI customer care via a toll free number 24X7. This helps you get instant solutions for any disputes, grievances or queries that you may have with respect to your credit card.
• Easy application process: The application process for these cards is quite simple and straightforward. All you have to do is submit a form and necessary KYC documents.

Each BOI Card is unique and is loaded with features as mentioned below:

Additional Reading: How to improve cibil score immediately?

Any Bank of India Debit Card or Credit Card Holder is automatically eligible for the Star Rewardz Program offered by BOI. You can visit www.credit.biorewardz.com to register for tyhis program and enjoy several benefits on every spending on your credit card.

There are several ways in which customers can earn their Star Rewardz Points as mentioned below:

• For every 100 spent on the card, the customer earns 2 Star pojnts.
• In case the merchant falls under any preferred category, customers each 3 star points on every 100 spent.

Using mobile banking or internet banking services like NEFT and carrying out a minimum of 10 transactions each month allows you to earn 20 Star Reward points.

These reward points can be redeemed against several free gifts, services and merchandize listed on the BOI redemption platform. This includes airline tickets, bus tickets, personalized products, movie tickets, electronic items, home, fashion and beauty products and even music and sports products.

The redemption platform is very dynamic and gives you several new options each month. New goods and services are added regularly to this platform to provide members with more options of products and services to choose from.

In order to redeem the Star Rewardz Points, customers need to earn a minimum of 100 star points. The star points earned must be redeemed within 3 years of them being issued for a particular purchase. Any additional points that are earned from partnered merchants and stores can be used up to 12 months of them being issued.

There are certain credit card charges applicable on BOI Credit Cards for both public and staff as mentioned below: 

Additional Reading: Top Credit rating agencies in India

With Bank of India credit card, you have the following options available to apply for your credit card.

Steps to Apply Through the Website

Bank of India does not provide the facility of applying for a credit card through the website. Customers have to visit the nearest branch in order to submit an application.

Steps to Apply Through MMM

MyMoneyMantra offers an easy online option to submit a credit card application. Here are the steps that you need to follow in order to apply for one.

• Log into the official mymoneymantra.com website.
• Register and create an account.
• Sign in to your account and choose the ?Credit Card? option.
• Under this section select the card of your choice.
• Fill up a simple online form.
• Once the form has been filled and submitted, a representative from MyMoneyMantra will contact you for the documentation process.
• After the documents have been submitted, the bank will assess your application and approve it if you are eligible for the particular card.
• Once the card is approved, it will be sent to your via speed post of through any courier service.

Steps to Apply Offline

• Visit the nearest BOI Brach.
• Submit a duly filled form along with the necessary documents.
• Make sure that all KYC documents submitted are completely verified.
• After the application has been submitted, it will be review and approved as per the eligibility criteria for that card

The eligibility criteria for Bank of India Credit Cards are as follows:

• The applicant should be an individual of Indian origin.
• The applicant may also be an NRI or an individual of foreign origin currently employed in India.
• The credit score must be as per the requirement of the bank.
• There must not be any defaults or lapses in payments to be made to BOI or any other bank.
• All KYC formalities must be completed.
• The individual should have a steady income which can be verified with salary certificates or IT returns.

Additional Reading: How to check free cibil score?

Customers have to submit the following KYC documents in order to complete the BOI Credit Card application:

• Recent passport size photographs
• A duly filled application form
• ID Proof: Passport/ Driver?s License/ Voters ID/ Adhaar Card
• Address Proof: Utility Bills/ Passport/ Adhaar Card
• Income Proof: IT returns/ Form 16/ Last 3 months Salary Slip/ Last 3 months bank statements.

There are different options available to make payments towards your BOI credit Card:

• Auto debit: In case of branch billing cards, the amount can be debited from the charge account provided by the customer to the bank.
• Using Internet Banking: You can use internet banking facilities offered by BOI or any other bank to pay any amount outstanding on your credit card.
• Mobile Banking: Use BOI Mobile App to make payments towards your credit card.
• Cheque drop boxes: You can drop a cheque or DD at drop boxes at BOI branches or ATMs.
• NEFT and RTGS: Use these online payment facilities to clear any outstanding.
• At the Branch: You also have the option of making the payment through cash at any BOI branch that is located close to you.

Additional Reading: Online cibil score check by pan number

The customer care numbers for BOI Credit cards are as follows:

• 24x 7 Toll free number- 1800-220088
• Landline- 022.40426006

Email ids that you can contact are:

Credit card queries: HeadOffice.CPDcreditcard@bankofindia.co.in

EDC/POS Machine: HeadOffice.CPCedc@bankofindia.co.in