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. 75,000 or more.
FEATURES
· Revolving credit : Rs. 30,000 onwards.
(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:
Rs.10,000 per month. In case of lower limits, 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. 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.
· Bonus Points - 1.5 (for every Rs.100 spent)
In case of medical emergency for a cardholder, his spouse
or a family member, the cardholder can draw cash up to a maximum of Rs.15,000
from any of our specified branches other than at the city of residence subject
to production of satisfactory evidence. This facility is over and above the cash
advance facility of Rs.10,000 p.m.
FEES: Renewal
Fee for principle card Rs.750/- Add-on :Free
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 3 consecutive months, the card account
would be considered as default; hence this offer
would stand withdrawn.
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.
