​​Bank of Baroda Easy Credit Card: Features & Apply Online

The Bank of Baroda Easy Credit Card is an extremely accessible entry-level credit card that allows the individual to maximize expenditure on everyday requirements without the burden of annual or renewal fees. If you are looking for a simple yet effective credit card to use for daily expenses, then you could consider the BoB Easy Credit Card.

It helps to save more by providing a high reward on categories such as movies, groceries, and purchases at department stores. The card also offers the added facility of connecting with UPI apps for seamless and easy transactions.

In this article, we will examine the features, benefits, fees, and charges of the BoB Easy Credit Card. How to apply online or offline is also described, along with a detailed review of its overall value.

Overview of Bank of Baroda Easy Credit Card

Such a first-time user-friendly credit card has been combined with the reward system for everyday spending categories. The short brief of some of the key features associated with this credit card is as follows:

Rewards and Benefits of the BoB Easy Credit Card

The primary draw of the Bank of Baroda Easy Credit Card is its robust rewards system, which helps you save money on common purchases like groceries and entertainment. Let’s dive into the details of the rewards and benefits associated with this card.

1. Rewards Structure

It will focus on its rewards system, which could help you save money on common purchases, such as groceries and entertainment. Let’s get into the details of the rewards that come with this card.

• 5X Reward Points: For every 100 spent on movies, groceries, or department stores. Now you will be gaining most of the reward points through your daily, day-to-day spending. 
• 1 Reward Point: On Rs 100 spent on all other categories, you get 1 Reward Point. This is across a broad range of categories, therefore, this card is versatile enough to be in use.
• 0.5% cashback: The bill payment has not been done yet, as you can earn 0.5% cashback on every bill that you pay with your credit card, meaning there is additional saving for you too.

This combination of high rewards on specific categories and cashback on bill payments makes the BoB Easy Credit Card an excellent choice for those who want to maximize their savings on essential purchases.

2. Reward Redemption

Accrued rewards points can be encashed through cashback and much more interestingly, the options Bank of Baroda offers under the Rewards portal. The monetary value is as follows:

• 1 Reward Point = Rs. 0.25

It makes for a pretty aggressive conversion rate for an entry-level card, letting you accrue and redeem points to gain cash back and other rewards quickly.

3. UPI-Enabled Card

One of the unique selling points of the Easy Credit Card, offered by the Bank of Baroda, is that it can be connected with UPI applications like Google Pay, making shopping on-the-go payments a very hassle-free and efficient process. Not only can one make quick and safe payments, but one can also accumulate base Reward Points for all UPI transactions. It increases the credit card’s versatility because, now, on top of having all the comfort of UPI, it also has all the goodies attached to the credit card.

4. Zero Liability Protection

If your credit card is lost or stolen, Bank of Baroda provides zero liability protection if reported within 24 hours. In this service, you will not be held liable for any transaction completed using your lost or stolen credit card, thus allowing you to have peace of mind. 

5. EMI Conversion

Another significant advantage of the BoB Easy Credit Card is that you can convert purchases of over Rs. 2,500 into easy EMIs. This way, you can easily manage your finances. You could convert the purchase into either 6 months or 12 months of EMI by which you can pay it back without much strain on your monthly budget. Helps one with big-ticket purchases. Suppose you buy a product you would like to pay for gradually without putting too much of a strain on your monthly budget.

Fees and Charges Associated with the BoB Easy Credit Card

The Bank of Baroda Easy Credit Card charges very low fees, which could be the most cost-effective way to have an accessible credit card. Here is a summary of some of the most important fees and charges on this card:

• Joining Fee: Nil
  There is no joining fee, which means that you can apply for and get the card without any upfront cost.
• Renewal Fee: Nil
  The renewal fee is also waived, making this card free for life as long as you continue using it.
• Interest Rate: 3.25% on the overdue amount
  This is the interest rate charged on any outstanding balance that is not paid by the due date.
• International Transaction Fee: 3.5% of the transaction amount
  This fee applies to any transactions made outside of India. While this is a standard charge for international transactions, it’s worth keeping in mind if you frequently travel abroad.
• Cash Advance Fee:
  • Domestic ATMs: 2.5% of the amount withdrawn, with a minimum charge of Rs. 300.
  • International ATMs: 3% of the amount withdrawn, with a minimum charge of Rs. 300.

These fees are standard for most credit cards, and the absence of a joining or renewal fee makes the BoB Easy Credit Card an attractive option for cost-conscious consumers.

Eligibility Criteria for the BoB Easy Credit Card

To apply for the BoB Easy Credit Card, you must meet certain eligibility requirements. These are relatively simple, ensuring that a wide range of people can qualify for this card:

• Age: The applicant must be at least 21 years old.
• Income: The applicant must have a stable source of income, either through salaried employment or self-employment.
• Credit History: A decent credit history is required. This means that you should have a good credit score and no history of defaulting on loans or credit card payments.

If you meet these eligibility requirements, you can apply for the BoB Easy Credit Card either online or offline.

How to Apply for the BoB Easy Credit Card

An application for the BoB Credit Card is easily available. Whether you want to apply online, sitting at home, or whether you want to visit a branch, the Bank of Baroda offers various options through which you can apply. Now, let’s throw light on the online and offline processes.

Online Application Process

BoB Easy Credit Card Application Online is very easy and convenient. Here’s step-by-step, how you can do it:

Step 1: Prep all mandatory documents

Ensure you have all your relevant documents, such as proof of identity, proof of address, and proof of income.

Step 2: Click on Apply Now

Click the “Apply Now” button at the website of Bank of Baroda for an Easy Credit Card.

Step 3: Fill Out the Application Form

Fill up the application form, which is to be provided online. All personal and financial information will be required.

Step 4: Submit the Application

After submitting the form with all the details, as required, the bank will process the application, and on fulfilling the criteria set by them, they might even call you for further verification.

Offline Application Process

For people seeking to apply for a credit card offline, they should get started by following the instructions given hereunder:

Step 1: Bank Visit

Now go to your nearest branch of Bank of Baroda. Request the application form for a credit card.

Step 2: Fill Up Application Form

Fill out the application form with the relevant information that you carry and attach it to the required documents.

Step 3: Submission of the Form

Submit the filled-up application with your documents to the Bank branch. The bank will process your application, and you will be informed thereafter.

Pros and Cons of the BoB Easy Credit Card

1. No Joining or Annual Fee: Free to own and use.
2. 5X Reward Points: Excellent for frequent moviegoers, shoppers, and grocery buyers.
3. Fuel Surcharge Waiver: Useful for those who drive frequently.
4. Zero Liability Protection: Secure against fraud and theft.

Cons:

1. High Interest Rates: The 39% annual interest can accumulate quickly if not paid off in full each month.
2. Limited Travel Benefits: No travel rewards or lounge access features.
3. Foreign Transaction Fee: 3.5% charge on international transactions might deter frequent travelers.

Conclusion

This is one credit card from the Bank of Baroda to continue walking into the credit market without burning a hole in one’s pocket. No fees, a simple rewards system, and UPI integration make it cross the cut of those who would put convenience above everything else and see rewards in daily life also. The card is far from being useful to the frequent tourist and luxury user, but surely a good value proposition to someone looking to save daily purchases. 

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