BOB BRKGB Credit Card Benefits: Make the Most of Your Everyday Expenses
If you’re on the lookout for a credit card that combines rewards, insurance coverage, and flexible payment options, the BOB BRKGB Credit Card might just be the one for you. This co-branded credit card, brought to you by BOB Financial in collaboration with Baroda Rajasthan Kshetriya Gramin Bank, offers a range of advantages to its users. In this comprehensive guide, we’ll delve into the various features and benefits that come with this card, helping you make an informed decision about whether it’s the right fit for your financial needs.
The BOB BRKGB PRAGATI Credit Card
The BOB BRKGB Credit Card is a noteworthy collaboration between BoB Financial and Baroda Rajasthan Kshetriya Gramin Bank. This credit card operates on the RuPay network and has been designed to cater to the needs of individuals seeking a reliable and rewarding credit solution. With its attractive features and benefits, it aims to simplify your financial transactions and enhance your overall shopping experience.
Key Features of the BOB BRKGB Credit Card
Rewards for Everyday Spends
With the BOB BRKGB Credit Card, you’re in for a treat when it comes to rewards. For every Rs. 100 spent on grocery shopping, departmental stores, and movie tickets, you’ll earn 5 reward points. Additionally, for expenditures in other categories, you’ll still accrue 1 reward point for every Rs. 100 spent. This rewards structure ensures that your everyday purchases can lead to exciting benefits and savings.
Comprehensive Insurance Cover
This credit card offers you peace of mind with its complimentary insurance coverage. When you embark on air travel, you’re covered by accidental death insurance of Rs. 15 lakhs, while non-air travel comes with a coverage of Rs. 5 lakhs. This added layer of protection is a valuable asset, particularly for frequent travelers.
Smart EMI Option
Planning your finances just got easier with the Smart EMI option. If your purchases exceed Rs. 2,500, you have the flexibility to convert them into manageable EMIs of 6 or 36 months. This feature empowers you to make significant purchases without straining your budget.
Fuel Surcharge Waiver
For those who often find themselves at the fuel station, the BOB BRKGB Credit Card offers a 1% fuel surcharge waiver on fuel transactions ranging from Rs. 400 to Rs. 5,000. This perk is capped at Rs. 250 per statement cycle, making it a convenient way to save on your fuel expenses.
Joining and Annual Fees
The card sets itself apart by having no joining fee, which is a welcoming benefit for new cardholders. Moreover, the annual fee of Rs. 250 is waived if you manage to spend Rs. 25,000 within a year. This fee structure adds to the card’s affordability and accessibility.
BOB BRKGB Credit Card Eligibility Criteria
To be eligible for the BOB BRKGB PRAGATI Credit Card, you must be an Indian resident with a minimum monthly income of Rs. 10,000. Possession of a valid PAN card and a savings account with Baroda Rajasthan Kshetriya Gramin Bank is also a prerequisite. Meeting these criteria ensures you can tap into the card’s advantages seamlessly.
How to Apply for BOB BRKGB Credit Card?
Applying for the BOB BRKGB Credit Card is a straightforward process. You can complete your application online or visit any branch of Baroda Rajasthan Kshetriya Gramin Bank to initiate the process in person. The ease of application enhances the convenience factor associated with this card.
Pros and Cons of the BOB BRKGB Credit Card
The Upside: Advantages of the Card
- No Joining Fee: The absence of a joining fee makes acquiring this credit card hassle-free.
- Zero Annual Fee: Meeting the spending threshold of Rs. 25,000 within a year eliminates the annual fee, making the card more economical.
- 5X Rewards on Daily Expenses: The card’s reward structure, especially for groceries, departmental stores, and movies, provides an opportunity for substantial rewards accumulation.
- Complimentary Accidental Death Cover: The insurance coverage, both for air and non-air travel, offers a layer of security to cardholders.
- Smart EMI Option: The Smart EMI feature empowers you to manage larger expenses more conveniently.
- Fuel Surcharge Waiver: Saving on fuel costs is an attractive proposition for frequent drivers.
The Downside: Considerations to Keep in Mind
- Rewards Cap: The monthly cap of 1,000 reward points may limit your potential rewards earnings.
- Annual Fee: While it can be waived, the annual fee of Rs. 250 might still be a consideration for some users.
- Eligibility Restrictions: Limited availability to Indian residents with specific banking affiliations and PAN card possession may exclude certain individuals.
Conclusion: Is the BOB BRKGB Credit Card Right for You?
In conclusion, the BOB BRKGB PRAGATI Credit Card presents itself as a promising choice for individuals seeking a credit card with a blend of rewards, insurance coverage, and flexible payment options. Its array of benefits, including rewards for various expenses, insurance protection, and the Smart EMI feature, positions it as an appealing financial tool. However, it’s crucial to bear in mind the rewards cap, annual fee considerations, and eligibility requirements before making your decision. If these aspects align with your preferences and needs, this card could be an excellent addition to your wallet.
How can I apply for the BOB BRKGB PRAGATI Credit Card?
You can apply for the card online or visit any branch of Baroda Rajasthan Kshetriya Gramin Bank for an in-person application.
How do I earn reward points with the BOB BRKGB Credit Card?
You earn 5 reward points for every Rs. 100 spent on Grocery, Departmental Stores, Online Purchases, and Movies. For other categories, you earn 1 reward point per Rs. 100 spent.
What’s the maximum reward points I can earn monthly?
You can earn up to 1000 reward points per month through the Grocery, Departmental Stores, Online Purchases, and Movies categories.
What’s the coverage for accidental death with the card?
The card offers accidental death coverage of Rs. 15 Lakhs for air travel and Rs. 5 Lakhs for non-air travel.
How can I convert my purchases into EMIs?
Purchases over Rs. 2,500 can be converted into EMIs of 6 or 36 months.
What’s the fuel surcharge waiver on the card?
You get a 1% fuel surcharge waiver on fuel transactions between Rs. 400 to Rs. 5000, up to Rs. 250 per statement cycle.