Snapdeal Bank of Baroda Credit Card : Is It Worth Applying?
09 Dec 2024 6 mins Credit Cards
Snapdeal Bank of Baroda Credit Card: Unlock Exclusive Shopping Benefits
Looking for a credit card that complements your shopping lifestyle? The Snapdeal Bank of Baroda Credit Card is packed with exciting features and rewards, making it the perfect tool for frequent shoppers. Whether it’s cashback, reward points, or fuel surcharge waivers, this card offers unmatched benefits to enhance your shopping experience. Let’s dive into the details to help you decide if this is the card for you.
What Makes the Snapdeal Bank of BOB Credit Card Special?
The Snapdeal Bank of Baroda Credit Card is a collaborative effort designed to cater specifically to Snapdeal users. It combines the retail expertise of Snapdeal with the financial reliability of Bank of Baroda, making it a preferred choice for savvy shoppers. What truly sets this card apart is its focus on rewards, cashback, and user-centric features.
Activation Benefits:
Snapdeal Vouchers Worth ₹500
When you activate your Snapdeal Credit Card and use it within the first 30 days, you receive Snapdeal vouchers worth ₹500. This welcome gift ensures that you start saving from the moment you get your card.
500 Bonus Reward Points
Spending ₹5,000 or more within the first 60 days of card issuance earns you 500 bonus reward points, which can be redeemed for cash back or purchases.
Shopping Rewards:
Unbeatable Cashback on Snapdeal Purchases
Earn 5% unlimited cashback (20 reward points for every ₹100 spent) on all purchases made via Snapdeal’s website or mobile app. This makes it a must-have card for Snapdeal enthusiasts.
Reward Points Across Other Categories:
Online Shopping & Departmental Stores: 10 reward points for every ₹100 spent.
Other Categories:
4 reward points for every ₹100 spent.
These rewards allow you to enjoy savings beyond Snapdeal, covering a wide range of shopping categories.
Delightful Perks
Automatic Cashback Credit
Your reward points are automatically converted into cashback and credited to your monthly statement, simplifying the rewards redemption process.
Fuel Surcharge Waiver
Enjoy a 1% fuel surcharge waiver on transactions ranging from ₹400 to ₹25,000, with a monthly cap of ₹250. This feature ensures you save even on your daily commute.
Additional Benefits:
Interest-Free Credit
Benefit from up to 50 days of interest-free credit, giving you financial flexibility to manage your spending effectively.
Revolving Credit Facility
Pay the minimum due amount and carry forward the balance at a reasonable interest rate.
Smart EMI Options
Convert purchases above ₹2,500 into EMIs ranging from 6 to 36 months, making it easier to manage big-ticket expenses.
Free Add-On Cards
Share the benefits of your Snapdeal Bank of Baroda Credit Card with family members by opting for up to three lifetime-free add-on cards for your spouse, parents, siblings, or children above 18 years.
Snapdeal Bank of Baroda Credit Card Charges
Charge Type | Details |
Annual Fee | Reasonable annual fee with an option for a waiver based on spending milestones. |
Interest rate | Competitive rates for outstanding balances and EMI conversions. |
Late Payment Fee | Varies based on the outstanding amount, ensuring affordability. |
Understanding the charges associated with the Snapdeal Bank of Baroda Credit Card is essential for effective financial planning. Here’s an overview:
Annual Fee: Reasonable annual fee with an option for a waiver based on spending milestones.
Interest Rate: Competitive rates for outstanding balances and EMI conversions.
Late Payment Fee: Varies based on the outstanding amount, ensuring affordability.
These charges are transparent and designed to ensure the card remains a cost-effective choice for users.
Eligibility Criteria
To apply for the Snapdeal Bank of Baroda Credit Card, you must meet the following criteria:
Indian Resident
Age: 21 to 65 years for primary cardholders and 18+ for add-on cardholders.
Income Requirements:
Non-BOB Customers:
Salaried: Annual income ≥ ₹3.6 lakh
Self-employed: Annual income ≥ ₹4.8 lakh
BOB Customers:
Annual income ≥ ₹2.4 lakh
Mandatory Documentation
Applicants need to provide:
Recent passport-size photograph
PAN card
Address proof (Aadhaar card, voter ID, or passport)
These requirements ensure a smooth and quick application process.
How to Apply for the Snapdeal Bank of Baroda Credit Card
Applying for the Snapdeal Bank of Baroda Credit Card is simple and convenient.
Online Application :
Visit the official Bank of Baroda website, fill out the application form, and upload the required documents.
Offline Application :
Head to the nearest Bank of Baroda branch with the necessary documents to complete the application process in person.
Tips to Maximize Benefits
Focus on Snapdeal Purchases: Maximize your cashback by shopping primarily on Snapdeal.
Leverage Add-On Cards: Share add-on cards with family members to accumulate reward points faster.
Use Smart EMIs Wisely: Convert high-value transactions into EMIs for better financial management.
Customer Experiences
Users of the Snapdeal Bank of Baroda Credit Card often highlight its ease of use and tangible savings. One customer shared, “The cashback system is so straightforward, and I love how the fuel surcharge waiver adds value to everyday expenses.”
Conclusion
The Snapdeal Bank of Baroda Credit Card is a versatile and rewarding choice for anyone who loves to shop, particularly on Snapdeal. With its generous cashback offers, easy reward point system, and additional perks like fuel surcharge waivers and EMI options, this card is truly designed with the customer in mind. Don’t miss out on the chance to elevate your shopping experience—apply today!
FAQs
1. What are the Snapdeal Bank of Baroda Credit Card charges?
The charges include a nominal annual fee, competitive interest rates, and transparent late payment fees.
2. Can I use the card for non-Snapdeal purchases?
Yes, you earn reward points on both Snapdeal and non-Snapdeal purchases.
3. How does the cashback auto-credit work?
Reward points are converted into cashback and automatically credited to your monthly statement.
4. Are add-on cards truly free?
Yes, you can get up to three lifetime-free add-on cards.
5. What is the maximum fuel surcharge waiver?
You can save up to ₹250 per month on fuel transactions.
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Author - Abhishek Sonawane
Abhishek Sonawane, an MBA graduate from the prestigious Indian Institute of Management Visakhapatnam (IIMV), brings over ten years of experience in the finance domain. His extensive background includes various roles in financial management and strategy, providing him with a comprehensive understanding of the financial landscape. Abhishek’s expertise and dedication to financial education make him an authoritative voice in personal finance, helping readers make informed financial decisions.