Bank of Baroda Corporate Premium Credit Card: Benefits & Apply

Summary

Created for business professionals and corporate users, the Bank of Baroda Corporate Premium Credit Card offers ease, security, and rewards. Apart from providing particular benefits, this card helps companies to properly manage expenses.

Among the key benefits of this card is its reward program; each ₹100 spent earns one reward point. Among other places, you can use these points for shopping, vacations, and more. Moreover, cardholders save on business travel costs using a fuel surcharge waiver on purchases between ₹ 400 and ₹ 5,000.

For frequent users, the card provides free access to airport lounges, therefore helping customers to relax before their trips. Additionally included are travel accident insurance and purchase protection, thereby ensuring security all through the transaction. By blocking unwanted access, EMV chip technology and the contactless payment feature offer another degree of protection.

Introduction

Businesses and enterprises looking to control their corporate spending easily and conveniently will find great value in the BoB Premium Credit Card. Designed especially for businesses engaged in significant transactions and with a high degree of expenses, the BoB Premium Credit Card has numerous wonderful advantages. Businesses can better control employee business spending with the BoB Premium Credit Card.

Companies can get cashback and reward points on their different expenses—travel, hotel bookings, and other corporate services—by using a credit card. Not only is the BoB Premium Credit Card practical, but it also employs cutting-edge security and fraud-avoidance technology. Furthermore, the BoB Premium Credit Card allows better monitoring and control of staff expenses, therefore facilitating corporate budget management.

Among the many advantages of the BoB Premium Credit Card are a fuel surcharge waiver and special incentives that help to make business travel and shopping more reasonably priced. Furthermore, the organization uses BoB Premium Credit Card to have an extended report of all its costs, therefore simplifying financial planning and budget control.

We will go into great length in today’s essay regarding BoB Premium Credit Cards. About which we will go into great length in terms of advantages. This post will also cover BoB Premium Credit Card fees as well as go over in great depth how to apply for it. Thus, go through this article till the very last to avoid any difficulties later.

What is the Bank of Baroda Corporate Premium Credit Card?

Credit cards are unique cards made especially for corporations and big companies. The main goal of the BoB Premium Credit Card is to simplify and ease daily company spending. Using this, businesses can effectively control employee business spending, including travel, hotel booking, and shopping.

Companies also gain numerous more advantages, cashback, and reward points with BoB Premium Credit Cards, which helps to reduce their costs. Furthermore, offering the best degree of security elements, the BoB Premium Credit Card ensures the safe handling of all transactions.

What is the design of the Bank of Baroda Corporate Premium Credit Card?

Designed to fit the demands of business users, the BoB Corporate Premium Credit Card boasts a neat and professional appearance. It has a contemporary and sophisticated appearance, with the Bank of Baroda emblem very conspicuously displayed. 

The card looks classy with a high finish, usually in a fashionable color scheme. It presents a safe EMV chip for maximum security during transactions and reflects the situation of business people.

What are the benefits of the Bank of Baroda Corporate Premium Credit Card?

Its primary advantages consist of:

1. Charge ₹100 on the card to get one reward point. Travel, shopping, and other purposes abound for these points.

2. Corporate Benefits: Helps businesses properly monitor and manage expenses using comprehensive statements and expenditure control tools.

3. Fuel Fee Waiver: Get a fuel fee waiver at any Indian petrol station on purchases between ₹400 and ₹ 5,000.

4. Lounge entrance: Use the free access to some selected Indian airport lounges.

5. Offers purchasing protection for additional security and travel accident insurance.

6. Safe Transactions: EMV chip-enhanced protection and contactless payments

What are the Bank of Baroda Corporate Premium Credit Card fees?

Here is a simple BoB Corporate Premium Credit Card fee breakup.

Joining Fee	₹1,999 + GST (one-time fee when you get the card).
Annual Fee	₹1,999 + GST per year. This will be waived if you spend ₹1,30,000 or more in 90 days.
Add-on Card Fee	There are no charges for additional cards for family members.
Finance Charges	If you don’t pay your bill in full, 3. there is a 5% per month (42% annually) charge on the outstanding balance.
Cash Advance Fee	2.5% of the amount withdrawn or ₹500, whichever is higher.
Late Payment Fee	For Statement Balance Less than Rs. 101 – NilRs. 101 – Rs. 500 – Rs. 150Rs. 501 – Rs. 5,000 – Rs. 500Rs. 5,001 – Rs. 20,000 – Rs. 750Rs. 20,000 & above – Rs. 1,000

What are the criteria for getting a Bank of Baroda Corporate Premium Credit Card?

The following are the primary requirements:

1. You must be between 18 and 70 years old to apply for the BoB Corporate Premium Credit Card.

2. The income requirement differs according to your employment status:

• Self-Employed Professionals: A minimum Annual income of Rs 2,00,000 usually does the job.

3. A secured income ensures regular, timely payments on the credit card bill. Any amount above it ensures that the approval probability is increased.

4. Your credit score plays a role in the selection process. Bank of Baroda tends to favor borrowers with a better credit score, usually above 750. 

5. You must be an Indian resident and have valid address proof within the country. 

6. A salaried person must be employed with a reputed company or organization. The bank can ask you for documents like your salary slip or employment letter.

7. A Self-employed person must have business experience in the past years, generally 2+ years. You must show the bank proof of good, consistent income. This may be your income tax returns and bank statements.

What documents are required to get a Bank of Baroda Corporate Premium Credit Card?

The documents that you will have to submit to Get a BoB Corporate Premium Credit Card are as below:

Identity Proof	Aadhaar card, Passport, Voter ID, Driving license, PAN card
Address Proof	Utility bills like electricity, water, etcRent agreement, Bank statement, or passbook with your address
Income Proof	Salary slip for the last 3 months if you are a salaried employee Bank statement for the last 3 months ITR for self-employed persons
Photograph	The latest passport-sized photograph

Where can the Bank of Baroda Corporate Premium Credit Card be used?

Here is the list of places where you can use it:

• With the BoB Corporate Premium Credit Card, you can shop for clothing, electronics, accessories, and more at almost every retail outlet, shopping mall, and e-shopping website.

• You can also use it on websites like Amazon, Flipkart, etc., and also make bookings on websites like MakeMyTrip, Yatra, etc.

• You can use the card to pay for your meals in restaurants, cafes, and fast food outlets.

• You can use it to book flight, train, or bus tickets, as well as to pay for taxi, Uber, Ola, or hotel bookings.

• You can use your credit card to pay electricity and water bills, mobile bills, and internet services.

• You can use your BoB Corporate Premium Credit Card to pay for expensive items such as electronics or appliances through easy monthly installments (EMIs).

• The BoB Corporate Premium Credit Card is also accepted in other countries, where you can make purchases and payments. It is also accepted wherever Visa is accepted.

What is the credit limit of the Bank of Baroda Corporate Premium Credit Card?

The credit amount you can spend is what you are provided with a BoB Corporate Premium Credit Card. It is based on your income, credit score, and other financial history when you are selected for this credit card by the bank.

For instance, if you have a credit limit of ₹50,000, you can spend up to that amount only. If you want to spend more than the limit, the bank will not consider it.

The actual credit limit varies with the person. A credit limit could be ₹30,000 for one person and ₹1,00,000 for another or even more, considering his/her profile and financial background.

It’s essential to follow the expenses and not exceed the credit limit because when you pass this limit, then penalties get added, and your credit score also goes down.

How do you apply for a Bank of Baroda Corporate Premium Credit Card?

Apply it through both these modes: 

Online Application Process

• Visit the official website of the Bank of Baroda, i.e. 

• Go to ‘Cards’, followed by ‘Credit Cards’.

• On that page, you can see numerous options for credit cards issued by the Bank of Baroda; for instance, you can choose the BoB Corporate Premium Credit Card.

• Just hover your cursor on the BoB Corporate Premium Credit Card, followed by selecting ‘Apply Now’ from there.

• You will be asked to fill out your details, including your name, contact information, income details, and employment status.

• Be accurate and updated with the information provided.

• You are required to upload documents like your identity proof, address proof, income proof, and photograph, as per the list of documents mentioned above.

• After filling out the details and uploading the documents, review your application to make sure everything is correct.

• Apply online through the application form.

• The bank will check your application after you submit it. They can ask for extra documents or information if required.

• You will be informed about the status of your application, and if approved, your card will be delivered to you.

Offline Application Process

• You can walk into the nearest Bank of Baroda branch to apply for the BoB Corporate Premium Credit Card.

• Request for the credit card application form for the BoB Corporate Premium Credit Card. They will provide you with the form and proceed accordingly.

• Fill in the details in the application form wherever it is required. Care should be taken that all the information about personal details, income, and jobs provided by the applicant should be correct.

• Along with the form, furnish the relevant documents. The list of documents includes Identity proof, Address proof, Proof of income, and a passport.

• Your application will be processed, and your information will be cross-checked at the bank level.

• In case of successful completion, the bank will sanction the credit card with a reply and forward it to the registered address.

• You will receive the BoB Corporate Premium Credit Card by post at the same postal address.

• Once you receive your card, you need to activate it by following the instructions given in the envelope, either through the Bank of Baroda Card website or mobile app or by calling their customer service.

• For security purposes, you must set your PIN (Personal Identification Number) before you can start using your credit card.

Would getting a Bank of Baroda Corporate Premium Credit Card in 2025 be right?

Yes, getting a BoB Corporate Premium Credit Card in 2025 can be a good option if you require a credit card with great offers, especially for those who shop for lifestyle products. The reward is excellent and comes with the purchase of items such as jewelry. On top of that, the bank provides discounts and easy access to the EMI facility. 

Bank is also a strong bank with high customer service, so it is dependable. But don’t forget that you should make sure that you can handle your credit responsibly in terms of paying the bills and keeping your credit from exceeding its limit. Provided that you are stable in terms of income and have good credit, it might be a very good option in 2025.

Conclusion

Moreover, companies received a report of expenditure from BoB Premium Credit Cards, which they may fairly control on the budget. This helps businesses, especially in attaining their financial goals. Designed with contemporary security technology, the Bank of Baroda Premium Credit Card guarantees a reliable and safe transaction.

All things considered, the BoB Premium Credit Card is a fairly useful tool for companies trying to maximize their returns and cut their expenses. Travel, shopping, or other business costs—BoB Premium Credit Card provides a complete response for any need. This is, hence, a reasonable choice for businesses seeking both financial freedom and convenience.

For organizations and companies looking to better control daily spending, the BoB Premium Credit Card is a great alternative. Companies using BoB Premium Credit Cards can not only better control employee costs but also enjoy several appealing perks, including reward points, cashback, fuel surcharge waivers, and many more.

Frequently Asked Questions (FAQs)