Bank of Baroda Premier Credit Card
BOB Premier is Bank of Baroda's mid-tier rewards option, built around a 5X accelerator that pays 10 reward points per ₹100 — roughly 2.5% back at ₹0.25 per point — on travel, dining and international spending, capped at 2,000 points a month across those categories combined. Everything else earns a flatter 2 points per ₹100. The ₹1,000 fee is currently being waived entirely as a limited-time lifetime-free offer; outside that promotion, the joining fee reverses on ₹10,000 of spend within 60 days, and the annual fee waives once you cross ₹1.2 lakh in yearly spend. The card also includes one airport lounge visit per quarter, unlocked by ₹20,000 of spend in the prior quarter. Overall it's a solid category-earning option for existing Bank of Baroda customers who travel and dine out regularly.
Key features
The essentials worth knowing before applying.
Welcome Benefit
Around ₹125 in bonus reward points on activation
2.5% on Dining
10 reward points per ₹100 on dining — a 5X accelerator sharing a 2,000-point statement-cycle cap with travel and international spends
2.5% on Travel & International spends
Same 10 points per ₹100 rate, under the same shared cap
Full reward structure
| Category | Type | Rate | Monthly cap |
|---|---|---|---|
| Dining | reward points | 2.5% | ₹500 |
| International | reward points | 2.5% | ₹500 |
| Travel | reward points | 2.5% | ₹500 |
| Other | reward points | 0.5% | — |
Fees & charges
| Charge | Amount |
|---|---|
| Annual fee (incl. 18% GST) | ₹1,180 |
| Joining fee (incl. 18% GST) | ₹1,180 |
| Finance charge (APR) | 3.75% p.m. |
| Forex markup | 3.5% |
| Fuel surcharge waiver | 1%, cap ₹250 |
Perks & benefits
Non-reward value adds up to roughly ₹3,600 a year.
️ Lounge access ~₹3,000/yr
1 complimentary domestic lounge visit per calendar quarter — since 1 January 2025, each visit requires ₹20,000 of spend in the preceding quarter.
Should you get it?
Best for: everyday spenders and online shoppers who can route dining, travel or international spend through the card.
A mid-tier card, well suited to steady monthly spenders.
Frequent travellers benefit from the included lounge access, subject to the quarterly spend condition.
✓ Pros
- Strong 5X reward rate that can comfortably offset the annual fee for the right spender
- 500-point welcome bonus (~₹125) for ₹5,000 of spend within 60 days
- Simple, accessible entry-to-mid-tier positioning
✕ Cons
- The annual fee applies in full unless the spend-based waiver is met
- Fewer premium travel and lifestyle perks compared to higher-tier cards
- Personal accident cover has been withdrawn for cards issued after 15 July 2026, with existing cardholders covered only until 25 August 2026
Eligibility & documents
Age
25–55 years
Employment
type: Salaried · Self-employed · Student
Minimum income ₹60,000/month
Documents required
- PAN card
- Aadhaar or other valid address proof
- Bank statements for the last 3 months
- Income proof — salary slips for salaried applicants, ITR for self-employed
- Recent passport-size photograph
How to redeem rewards
Ways to turn points into value.
🎁 Direct statement credit or cashback adjustment
🎁 Online rewards catalogue for vouchers and merchandise
🎁 Flight and hotel bookings through the issuer's rewards portal
What your BOB Reward Points are worth
Realistic per-point value across redemption routes. Statement credit (standard redemption): ₹0.25/pt Gift voucher catalogue (brand & e-gift vouchers): ₹0.25/pt Worth noting: similarly priced cards from other issuers sometimes offer stronger baseline rewards, so this card's value case leans on actually using its 5X accelerator categories.
The bottom line
Premier is a tidy, well-targeted mid-tier card: the 5X rate (10 points per ₹100) on travel, dining and international spend is genuinely useful within its 2,000-point monthly cap, and the current limited-period lifetime-free offer removes the main hesitation around the fee. The 2-point base rate elsewhere is unremarkable, so this card earns its keep mainly through its accelerator categories rather than as an everyday all-rounder.
Frequently asked questions
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