Bank of Baroda is one of India’s leading public sector banks, offering a wide range of credit and debit cards to its customers.
When applying for a new Bank of Baroda card, it is important to be aware of the associated charges to make an informed decision.
This article provides a comprehensive overview of Bank of Baroda’s new card charges.
What are the Joining Fees for Bank of Baroda Cards?
Joining fees are one-time charges levied upon the issuance of a new credit or debit card. Bank of Baroda’s joining fees vary depending on the type of card and the cardholder’s profile.
For instance, joining fees for Classic credit cards range from ₹299 to ₹4,999, while those for Platinum credit cards range from ₹999 to ₹14,999.
What are the Annual Fees for Bank of Baroda Cards?
Annual fees are recurring charges levied annually for maintaining a credit or debit card.
Bank of Baroda’s annual fees also vary depending on the type of card and the cardholder’s profile.
For example, annual fees for Classic credit cards range from ₹299 to ₹1,999, while those for Platinum credit cards range from ₹1,499 to ₹4,999.
Bank of Baroda New Card Charges
Bank of Baroda’s new card charges vary depending on the specific credit card type and cardholder category. However, some general charges include:
- Joining Fee: Rs. 299 to Rs. 4,999
- Annual Fee: Rs. 149 to Rs. 5,999
- Late Payment Fee: Rs. 250 to Rs. 500
- Interest Rates: 14% to 24% per annum
- Balance Transfer Fee: 2% to 3% of the transferred amount
- Cash Advance Fee: 2.5% to 3% of the withdrawn amount
- Foreign Transaction Fee: 3% to 5% of the transacted amount
Understanding Bank of Baroda’s new card charges is essential for making informed decisions when selecting a credit card.
Carefully review the applicable fees and consider your spending habits to choose a card that suits your needs and budget.
Remember, responsible credit card usage can help you reap the benefits of credit without incurring excessive charges.