Bank of Baroda Swavlamban Credit Card Review

General Information

Rewards and Benefits

Fees and Charges

Summary

A credit card with no annual fees for life. Earn 4 Reward Points for every Rs. 100 spent. Access up to 105% of your credit limit. Get a 1% waiver on fuel surcharge for all fuel purchases. Includes insurance coverage for accidental personal death. Enjoy zero liability protection in case of a lost or stolen card.

The Bank of Baroda Swavlamban Credit Card is a great choice for individuals who enjoy shopping.

With a joining fee of Nil Rs. 250 (for non-delinquent cardmembers) and a renewal fee of Nil Rs. 250 (for non-delinquent cardmembers), it offers affordability and convenience.

One of the key benefits of this card is its reward program, which is based on Reward Points.

Cardholders earn 1 Reward Point on every retail spend of Rs. 100 when shopping.

These points can be redeemed for various rewards, providing value for money.

Unlike some other credit cards, the Bank of Baroda Swavlamban Credit Card does not offer specific welcome benefits, movie dining perks, or travel benefits.

However, it does make up for this in other areas.

Cardholders can enjoy insurance coverage against personal accidental death, providing peace of mind and protection for unexpected circumstances.

Furthermore, the Bank of Baroda Swavlamban Credit Card offers a spend-based waiver for the joining and annual fee.

If you spend Rs. 2,500 within 60 days, the joining fee will be waived off, and if you spend Rs. 12,000 in the previous year, the annual fee will be waived off.

While there is no rewards redemption fee, it is important to note that there is a foreign currency markup of 3.5% of the transaction amount.

This is a standard fee for most credit cards.

The interest rate on this card is 3.49% per month, which is fairly average in the market.

Additionally, there is a 1% fuel surcharge waiver on all fuel transactions between Rs. 400 and Rs. 5,000, with a maximum waiver capped at Rs. 250.

For cash advances, there is a fee of 2.5% of the withdrawal amount, subject to a minimum of Rs. 500.

In conclusion, the Bank of Baroda Swavlamban Credit Card is a suitable choice for individuals who prioritize shopping.

With its affordable fees, reward points program, insurance benefits, and spend-based fee waivers, it offers value and convenience.

However, it is important to consider the foreign currency markup and cash advance fees before making a decision.