DESCRIPTION
This credit card is affiliated with Visa International &
valid throughout the world on over 30 million establishments & 8,00,000 Visa
ATM's. It can only be applied by a corporate.
ELIGIBILITY
Individual : Not applicable.
Company
: Turnover of Rs.1 crore or more.
FEATURES
· Revolving credit :
up to Rs.3,00,000
Details
on Internal Limits Click Here
. Cash withdrawal: 20% of
credit limit.
. Service charge on revolving credit limit :
2.5% (i.e. 30%
APR)
·
Service charge on Cash withdrawal : 2.5% or Rs.100 whichever is higher
(At
Bobcards/Bank of Baroda branches).
· Service Charge on ATM Cash withdrawal :
2.5% or min. Rs.100(Domestic), 3% or min. Rs.150(Abroad).
. Insurance : Free
personal accidental insurance of Rs.1,00,000, In case of air-accident Rs.
5,00,000.
.
Fuel Surcharge waiver applicable on all transactions
between Rs.250 & Rs.2000
. Minimum payment Due Amount - It
Increases Due to not regular payment of dues.
| Bucket
(Months Overdue) |
Min.
Payment Due Amt |
| 0-1 |
5%
OF Outstanding Balance |
| 2-3 |
10%OF
Outstanding Balance |
| 4-6 |
15%OF
Outstanding Balance |
| 7-12 |
25%OF
Outstanding Balance |
· Comprehensive monthly statements.
· up to 20 Add-on cards
FEES: FREE FOR FIRST YEAR (Principal
Rs.1000 per card issued to the company)
DOCUMENTS NEEDED
a) Last 3 years audited Balance sheet and P&L A/c
copy.
b) Board resolution / undertaking letter.
c) Memorandum of article & association
d)
PAN card of company
e) Board resolution
f) IT return of company
g) Photograph of applicants
(Issuance
only in BOBCARDS serviceable areas as per the
network of area offices)
BILLING
5th
of every month, a
bill will be sent to the company's address for making payments
on or before the due date mentioned in the bill.
