Welcome to the comprehensive review of the Bank of Baroda (BoB) Eterna Credit Card! As one of the latest additions to BOB Financial’s diverse catalog of credit cards, the Eterna card has been making waves in the financial industry. As a premium offering by Bank of Baroda, this credit card comes with a plethora of exclusive benefits and features that cater to the discerning needs of individuals seeking a rewarding and luxurious credit card experience.
The Eterna card stands out not only for its prestigious association with Bank of Baroda, but also for the array of advantages it offers to its cardholders. From unlimited free domestic lounge access and complimentary golf sessions/lessons to an air accidental insurance cover worth Rs. 1 crore, this credit card exemplifies opulence and convenience.
Moreover, the Eterna card doesn’t disappoint when it comes to rewards. With an impressive reward rate of 15 points per Rs. 100 spent on online transactions, as well as on travel, dining, and movie expenditures, this credit card ensures that cardholders can earn substantial rewards while enjoying their favorite activities.
In this review, we will delve into the various features, benefits, and rewards associated with the Bank of Baroda Eterna Credit Card. Whether you’re a frequent traveler, a connoisseur of fine dining, or simply someone who appreciates the finer things in life, join us as we explore the remarkable offerings of this premium credit card and help you determine whether it’s the right fit for your financial needs and lifestyle.
Features and Benefits
Bank of Baroda’s Eterna Credit Card is the pinnacle of their credit card offerings, providing an exceptional reward rate and a multitude of exclusive benefits across various categories such as shopping, travel, entertainment, dining, and more. Let’s explore the distinctive features and benefits that set this credit card apart:
Welcome Benefit
- As a warm welcome gift, you receive a 6-month FitPass Pro membership, granting you access to 2,500 premium gyms and fitness studios.
- On spending Rs. 50,000 within 60 days of card issuance, you earn 10,000 reward points.
Milestone Benefits
- Upon reaching an annual expenditure of Rs. 5 lakh, you are rewarded with 20,000 bonus reward points.
Spend Based Waiver
- By spending Rs. 25,000 within the first 60 days of card issuance, you can have the joining fee waived off.
- The annual fee for subsequent years can be waived if you spend Rs. 2.5 lakh in the previous year.
Travel Benefits
- Earn accelerated reward points at a rate of 15 points per Rs. 100 on travel-related expenses.
- Enjoy personal air accident coverage worth Rs. 1 crore.
- Benefit from a lower foreign currency mark-up fee of 2%.
- Relish unlimited complimentary access to domestic airport lounges under the MasterCard domestic lounge program.
Movie and Dining Benefits
- Avail yourself of an array of movie and dining benefits with the Bank of Baroda Eterna Credit Card, including 250+ culinary deals through Mastercard priceless special.
- Earn accelerated reward points at a rate of 15 points per Rs. 100 on dining and movie expenditures.
- Take advantage of the Buy One Get One scheme on movie tickets booked on Paytm movies, with a maximum benefit of Rs. 250 per month.
Insurance Benefits
- Enjoy personal air accident coverage worth Rs. 1 crore in the unfortunate event of loss of life.
- Benefit from accidental death cover (for other reasons) worth Rs. 10 lakh.
Golf Benefits
- Indulge in your passion for golf with 4 complimentary rounds of golf annually (maximum 1 per month).
- Enhance your skills with 12 complimentary golf lessons annually (maximum 1 per month).
- Receive a 50% waiver on the green fee beyond the complimentary sessions.
Low Foreign Currency Mark-up
- As a premium credit card by Bank of Baroda, you can take advantage of a lower-than-usual foreign currency mark-up fee of 2%.
Fuel Surcharge Waiver
- Enjoy a waiver of 1% on the fuel surcharge for transactions between Rs. 400 and Rs. 5,000 at all petrol/gas stations across India. The maximum waiver is capped at Rs. 250 per month.
Bank of Baroda Eterna Credit Card Rewards
Under the Bank of Baroda Eterna Credit Card, you can enjoy attractive reward rates across a range of spending categories. Let’s delve into the details of the rewards offered by this credit card:
Online Shopping, Travel, Dining, and Movies
- Earn a generous reward rate of 15 points (5X rate) for every Rs. 100 spent in these categories.
- Take advantage of this accelerated rate to accumulate a maximum of 5,000 reward points per month.
Other Categories of Spends
- For all other types of purchases, you earn 3 reward points for every Rs. 100 spent.
BoB Eterna Credit Card Fees and Charges
When considering the Bank of Baroda Eterna Credit Card, it is essential to be aware of the associated fees and charges. Here are the key fees and charges applicable to this credit card:
Joining and Annual Fee
- To avail the benefits of the BoB Eterna Credit Card, there is a joining fee of Rs. 2,499 plus applicable taxes.
Additionally, an annual fee of Rs. 2,499 plus taxes is applicable.
Interest Rate
- In case you are unable to clear the outstanding balance on your credit card by the payment due date, an interest rate of 3.25% per month, i.e., 39% per annum, is charged on the due amount.
Foreign Currency Markup Fee
- For transactions made in foreign currencies, a foreign currency markup fee of 2% of the total transaction amount is applicable.
Cash Advance Fee
- When you utilize the cash advance feature on your BoB Eterna Credit Card, a cash advance fee of 2.5% of the withdrawn amount is charged.
- The cash advance fee is subject to a minimum charge of Rs. 500.
Eligibility
To be eligible for the Bank of Baroda Eterna Credit Card, certain criteria need to be met. These eligibility requirements ensure that the card is offered to individuals who can manage the financial responsibilities associated with it. The eligibility criteria for the Bank of Baroda Eterna Credit Card are as follows:
Residential Requirement
- Applicants for the Eterna Credit Card must be residents of India.
Age Criteria
- The primary cardholder should be between 21 and 65 years of age.
- For add-on cardholders, the minimum age requirement is 18 years.
Income Criteria
- The primary cardholder, whether salaried or self-employed, must have an annual income exceeding Rs. 12 lakh.
How to Apply for BoB Eterna Credit Card?
To apply for the Bank of Baroda Eterna Credit Card, you have the convenience of both online and offline application methods. Whether you prefer the ease of online application or the personalized assistance at a branch, the choice is yours. Here’s how you can apply for the BoB Eterna Credit Card:
Offline Application
- Visit your nearest Bank of Baroda branch to apply for the Eterna Credit Card.
- Carry all the necessary documents required for the application process.
- Fill out the physical application form provided by the bank.
- Submit the completed application form along with the required documents to the bank representative.
Online Application
- Access the Bank of Baroda online application portal by visiting the webpage www.bobfinancial.com/prime.jsp.
- Look for the Bank of Baroda Eterna Credit Card among the available options.
- Click on the “Apply Now” button to initiate the online application process.
- Provide all the requested details in the digital application form.
- Ensure you fill in accurate and up-to-date information.
- Complete any additional formalities or document uploads required on the bank’s website.
- Review the application form and submit it for further processing.
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FAQs
How can I earn reward points with the Bank of Baroda Eterna Credit Card?
You can earn reward points with the Eterna Credit Card by using it for various categories of spending. You can earn 15 reward points (5X rate) for every Rs. 100 spent on online shopping, travel, dining, and movies. For all other categories of spending, you earn 3 reward points per Rs. 100.
What is the interest rate on the Bank of Baroda Eterna Credit Card?
The Eterna Credit Card has an interest rate of 3.25% per month, which amounts to 39% per annum. It is important to manage your credit card payments to avoid accumulating interest charges.
Conclusion
The Bank of Baroda Eterna Credit Card stands out as a premium offering that provides numerous benefits across various categories. This credit card offers an extensive range of features and rewards, making it an attractive choice for individuals seeking exclusive privileges.
One of the key highlights of the Eterna Credit Card is its attractive reward rates. Cardholders can earn 15 reward points (5X rate) for every Rs. 100 spent on online shopping, travel, dining, and movies. This accelerated rate allows for the accumulation of up to 5,000 reward points per month, maximizing the value of every purchase. Additionally, a rate of 3 reward points per Rs. 100 is applicable to all other categories of spending.
The Eterna Credit Card also provides a host of benefits across different domains. Cardholders can enjoy milestone benefits, including bonus reward points on annual expenditure, and spend-based waivers on joining and annual fees. Travel enthusiasts can take advantage of accelerated reward points on travel-related spends, lower foreign currency mark-up fees, and access to unlimited complimentary lounges at domestic airports. Furthermore, the card offers movie and dining benefits, such as accelerated reward points on dining and movie spends, and exclusive offers through partnerships with renowned establishments.
Insurance coverage, including personal air accident cover, adds an extra layer of security for cardholders. The Eterna Credit Card also offers golf benefits, including complimentary rounds of golf and lessons, making it an excellent choice for golf enthusiasts.
When considering the fees and charges associated with the Eterna Credit Card, it is important to note the joining and annual fees, the applicable interest rate, and the foreign currency mark-up fee. However, the card’s comprehensive range of features and rewards make it a worthwhile investment for individuals who value premium privileges and exceptional benefits.
Applying for the Eterna Credit Card is a straightforward process that can be done either online or offline. Prospective applicants can visit their nearest Bank of Baroda branch to complete a physical application form or apply online through the bank’s website by providing the required details in the digital application form.
Overall, the Bank of Baroda Eterna Credit Card is a compelling choice for individuals seeking a credit card that offers a plethora of benefits across various categories. Its rewarding features, milestone benefits, and extensive range of privileges make it a valuable financial tool that enhances the lifestyle of cardholders and provides them with exclusive experiences.
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