DESCRIPTION
The youth of our nation is truly the dynamic force
around which our society and commerce is revolving. Not surprisingly, the youth
demands only the best. Be it in terms of career or lifestyle. As a tribute to
this undying force, BOBCARDS now presents Exclusive Youth Card packed
with features designed to support them even more in terms of convenience and
financial independence.
This card is welcomed at over 29 million Merchant
Establishments and over 8,00,000 ATMs worldwide. This card is affiliated with
MasterCard International and is very popular amongst the Bobcards holder.
ELIGIBILITY
Individual : Annual income of
Rs. 2,00,000 or more.
FEATURES
· Revolving credit :
Rs. 40,000.
(The company has the right to issue cards with lower
limits also with a min. limit of Rs.25,000)
Details
on Internal Limits Click Here
. Cash withdrawal: Cash limit will be 20% of the
sanctioned credit limit. (subject to
repayment of earlier cash withdrawal amount)
. 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. Nil.** Insurance facility not available on add-on cards.
. Minimum payment Due Amount -
It Increases Due to not regular payment of dues.
.
Fuel Surcharge waiver applicable on all transactions
between Rs.250 & Rs.2000
| 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.
· Bonus Points - 1.5 (for every Rs.100 spent)
FEES: MemberShip
/ Joining Fees Rs.350/- Renewal
Fee for principle card Rs.750/- Add-on :350/-
Late
Payment Charges Rs.100/-
Cheque Return Charges (w.r.t. chq. amt) 2% or min.
Rs.200/-
No
Renewal Fee For Next Year*
*Eligibility:
1.Minimum 10 transactions on card in a year,
irrespective of the transaction amount.
2.Regular minimum payment - In case of irregularity
of payment of 2 consecutive months,
the card account
would be considered as default; hence this offer
would stand
withdrawn.
**
In newly Issued & Renewed cards only Personal
Accident Insurance facility will be provided to the
cardholders w.e.f. 1st July, 2009
DOCUMENTS NEEDED
a)
Income proof : IT Form 16/IT return/ Salary Slip
b) Address proof
c) Photograph
d) Copy of PAN card
e) Min. 3 months Bank Statement
(All
documents to be self attested)*
All documents to be verified from nearest
Bobcards Area Office / Bank of Baroda Branch
In case of account holders of Bank of Baroda, submission of the
application through the concerned branch of Bank of Baroda is recommended for
expeditious processing of application.
(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 cardholder at his/her given address for making payments
on or before the due date mentioned in the bill.
