BoB Renaissance Credit Card Review

General Information

Rewards and Benefits

Fees and Charges

Summary

Earn 1 Reward Point for every Rs. 100 spent on retail purchases. Receive 5 Reward Points for every Rs. 100 spent on selected categories. Redeem Reward Points for cashback. Annual membership fee waived with a certain spending requirement. Get personal accident coverage of up to Rs. 15 lakhs. Enjoy a fuel surcharge waiver of 1% on all fuel purchases.

The BoB Renaissance Credit Card is a great option for those who love to shop.

With a joining fee of Nil and a renewal fee of Rs. 250 + GST, this card offers a lot of value for its price.

One of the best features of this card is its reward type, which is Reward Points.

With every spend of Rs. 100, you earn 1 Reward Point.

Additionally, you get 5x Rewards on groceries, movies, and departmental stores, making it a fantastic card for those who enjoy shopping.

In terms of welcome benefits, movie dining, and travel perks, this card does not offer any specific advantages.

However, it makes up for it with its focus on shopping rewards.

When it comes to insurance benefits, the BoB Renaissance Credit Card provides an air accidental cover worth Rs. 15 lakhs and a non-air accident cover worth Rs. 5 lakhs.

This ensures peace of mind for cardholders in case of unfortunate events.

For those worried about the renewal fee, the BoB Renaissance Credit Card offers a spend based waiver.

If you spend Rs. 25,000 or more in the previous year, the renewal fee is waived.

Redeeming your rewards is also hassle-free, as there are no rewards redemption fees.

This means you can enjoy your hard-earned rewards without any additional charges.

It is worth noting that this card has a foreign currency markup of 3.5% of the transaction amount.

This can be a drawback for those who frequently make international purchases.

The interest rate on this card is 3.49% per month, which is within the average range for credit cards.

However, it is always advisable to pay your dues on time to avoid accumulating interest charges.

When it comes to fuel surcharge, this card offers a 1% fuel surcharge waiver on all fuel transactions between Rs. 400 and Rs. 5,000.

This can help you save some money on your fuel expenses.

Cash advances are also available with this card, with a cash advance fee of 2.5% of the cash amount, subject to a minimum of Rs. 300 (3% at international ATMs).

Overall, the BoB Renaissance Credit Card is a solid choice for those who love shopping.

With its focus on reward points, shopping benefits, and insurance coverage, it offers good value for its price.