Bank of Baroda Prime Credit Card is a Lifetime Free Card offered by Bank of Baroda (BOB) in partnership with Mastercard.
This credit card is offered against a Fixed Deposit of a minimum of 15k. No income proof documents are necessary. You will get a credit limit of 80% of the amount you have invested.
Zero joining and annual fees, so in short it is a lifetime free credit card.
You will earn a flat 1% cashback on spends online or offline i.e 4 points on every 100 spends and 4 points are equals to ₹1. You can directly redeem these reward points to encash by paying the credit card due amount from the website itself.
Free Add-on cards
BOB offers sale discounts on various sites regularly for 10-15% like on Amazon, Flipkart, Goibibo, and many others.
For getting this card one needs to have an account in BOB to open an FD.
Also if you anytime close your FD then your credit card will be invalidated as per bank officials.
Bank of Baroda Account can only be opened offline from their bank branch, so you need to visit the bank to get your bank account, then do Fixed Deposit and apply for this credit card.
If you are opting for a credit card for the first time then you can get this one and build your credit score and then get other banks cc on a card-to-card basis. (Read: How to Apply for a Credit Card?)
Follow this FinTalks Group Thread by Rishab Jhamb to know more about this credit card.