Bank of Baroda is India’s oldest and most reputed bank, which serves more than a crore happy customers over the decades. It’s also India’s one of the oldest government banks as well. By the time the bank grows more and more, and it’s expanding its services too. In today’s article, we are discussing a particular credit card that this bank offers. Here we discuss one of the most popular credit cards, which named is Eterna Credit card. So, if you need a deep discussion on it, then you just come to the very right place. This article can actually help you decide that you should go for it for now or in the future.
Here in this article, we will do a proper review on this card where we talk about the benefits to all the charges regarding this.
So, let’s begin.
Before starting this, we want to tell you that this card is made for an easy and luxurious lifestyle. Here, the Bank of Baroda ties up with the entity DOB Financial Solutions Limited and launches this credit card for their consumers.
This card basically provides you with a luxurious lifestyle, more than enough discounts, and exclusive deals on travelling, shopping, hotel bills, and many more.
You can join the service with just Rs. 2499/- and the additional GST charges per the Rule of Govt. of India. After joining the service, the company will provide you with a six months FitPass Pro. But you can able to waive the joining fee by spending Rs. 25,000/- in the first sixty days. From the 2nd year onwards, you have to pay 2499 + GST as a renewal fee, but if you spend 2.5 Lakhs in the 1st year, the company waived your renewal fee.
You can earn up to 15 reward points on travel, dining, online shopping, and international spending. The company provides you unlimited free access to a domestic lounge, which is one of the best features compared to other credit cards available in the market. Here you have to pay only 2% on foreign exchange mark-up to free and up to 20,000/- bonus reward points as milestone spend benefit. Besides all of this, you get personal accidental death insurance up to Rs. 1 crore.
Here is the list of key features of this card that you should check for your better understanding.
The company provides you with a benefit and provides a good reward point on your spending. We can categorize the reward points systems into two categories. One is ongoing rewards, and the other one is milestone rewards.
The ongoing reward points are those points that you can earn by spending on travel, online shopping, International spends and other regular spending. By using this card on these, you can get up to a 3.75% return, which is quite an impressive reward rate compared to other credit cards available in the market. Check the below table, where we cover all the information regarding this.
Here the most informative point is, each point is giving the value of 25 ps.
Now, let’s talk about milestone reward points. In this case, you need to spend a good amount of money, and then you are eligible for the reward points. But here, the reward points are actually a huge one, which you can transfer to your account. That’s why it’s also an outstanding feature of this card.
So, from this table how much beneficial it is, if you spend the above-mentioned limit. If you spend 5lakh rupees, you get a 1.5% milestone, and if you spend Rs. 5lakh on non-accelerated categories, the company provides you with a 2.25% return rate, which is impressive.
Who Should Opt For The Credit Card?
The eligibility criteria of this card are almost the same as other credit cards. If you want to apply for this card, your age must be in between 18-70 years. You must be an Indian citizen; then, you can apply for this card. Both salaried and self-employed persons both are eligible for applying for this card. The minimum income criteria are 12lakh per annum for applying for this card.
What Makes This Card Better from Other Credit Cards?
Now the most important question that may come to your mind that, why you should issue this card behind any other card in India. This card provides you with some premium features with a shallow price segment. But the other cards charge more than this card to provide all of these facilities and benefits. Here you get milestone reward points along the side of normal reward points. Besides movie offers, online shopping, and other items, you get unlimited airport lounge access across the whole of India anytime. So, just in one word, we can say that it’s a true multipurpose card that provides you better lifestyle benefits and provides International benefits.
Features And Benefits
As we said earlier, it’s a multipurpose card, that’s why the list of its feature and benefits are also quite long. You can see the next paragraphs where we do a deep discussion about features and benefits.
You can get all the features and benefits after issuing the card by paying just Rs. 2499 and the govt. GST charges. After that, you get welcome offers and al.
i. Welcome Offer
The company provides you with a membership of FitPass Pro, whose worth is Rs. 15,000, as a welcome gift or welcome benefit.
ii. Fee Waiver
A fee waiver scheme is also an additional benefit provided by the company to their cardholders after joining the service if you spend Rs. 25,000 or more within the first 60 days by using this card, your joining fee will be waived by the company.
If your annual spending is Rs. 2.5lakh or more in a year, then the annual fee you have to pay from the second year onwards is also waived.
iii. Airport Lounge Access
The company provides unlimited airport lounge access to their cardholders across the whole of India. Here, you have to know that you only get free lounge access only in India, or you can say you only get access to domestic airports. But the company doesn’t provide any kind of lounge access in an International airport outside of India.
According to my, this is the most valuable over money feature of this card. You can get lounge access for free, which is rare on a card in this price segment. But you can’t comment in that case when one uses them and confirms the same.
iv. Movie Offer
If you book movie a ticket through Paytm, then you get one ticket free with one ticket. The maximum discount that you can get is Rs. 250/- per month.
v. Foreign Exchange Mark Up Fee
You have to pay only a 2% fee on your foreign transactions, which is quite cheap than other credit cards.
vi. Mastercard Priceless Specials
This is also a great feature that provides you with deals and discounts on hotels and restaurants. The cardholders get exclusive deals on over 250 hotels and restaurants by only using this card. Besides this, you also get access to golf courses that are tie-up with the company.
vii. Maximising Eterna
You can avail of this offer by spending Rs. 41,667 per month, where you get:
- 95,000 reward points which are equivalent to Rs. 23,750
- Your first-year fee will be automatically waived off.
- The renewal fee of Rs. 2499 is also waived off, which you have to pay in the second year.
viii. Fuel Surcharge Waiver
If you use this card on your fuel transaction, you get a 1% waiver on the fuel surcharge. In this case, you have to spend—400 or more on fuel transaction to eligible for this scheme. Here the maximum amount of waiver is Rs. 250 per month, which we say a decent discount.
ix. Insurance Coverup
x. Zero Liability On Your lost Card
In case if you lost your card, then it doesn’t charge any liability. You have to simply report to the bank that you have lost your card for a proper reason. And that’d get the job you have to do; the next procedure will automatically be taken by the bank officials.
xi. Reward Program
In the regular reward point system, you earn 3 reward points when you spend Rs—100 by using this card.
You get 15 reward points when using this card on travel, online shopping, international transactions, dining. You get these reward points when you spend Rs—100 on these mentioned platforms.
The 4 reward points are worth Rs. 1.
Credit Card Charges
So, let’s talk about the charges regarding this card. You have to pay Rs: 2499 and the additional GST charges at the time of joining. From the second year onward, you have to pay the same amount of money if your fee isn’t waived.
You check the table where you find all the charges you have to after issuing the card.
These are all charges that you have to pay. Besides this, some of them are nontaxable, and some are taxable. So, in that case, you have to pay the latest GST charges according to the rules of Govt. of India.
Eligibility And Required Documents
The eligibility criteria and documents are almost the same as other cards. Here we give two tables. One is for eligibility criteria, and the other one is for required documents.
How To Apply For Credit Card?
If you want to apply for this card, you have to visit the official website of Bank of Baroda. From here, you get all the necessary information and guideline regarding this card. Then simply you have to follow the instructions and fill up the application form with your proper information. After that, you have to submit the application form. That’s the simple procedure that you have to do. After that, the bank officials directly contact you.
If you face any difficulties filling the form online, you can go to the nearest branch of Bank of Baroda, where the bank officials help you as per your difficulties.
1. I earn Rs. 10 lakh per annum. Can I apply for a Bank of Baroda Eterna Credit Card?
Bank of Baroda Eterna Credit Card is given to those applicants who earn Rs. 12 lakh p.a. or more than that. However, your chances of approval may increase if you have maintained a good relationship with the bank. The final decision to accept or decline the application rests with the bank.
2. Does the Add-on card have a separate credit limit?
No, the Add-on cardholder will share the credit limit that was assigned to the primary cardholder.
3. Which payment network does the Bank of Baroda Eterna Credit Card use?
The Bank of Baroda Eterna Credit Card uses the MasterCard payment network for all transactions.
4. What is a PIN?
PIN stands for Personal Identification Number used to authenticate cash withdrawals at ATMs and sometimes online transactions. You should not share your PIN with anyone.
5. Does the Add-on card have a separate credit limit?
No, the Add-on cardholder will share the credit limit that was assigned to the primary cardholder.
Cards Similar To This Card
If you don’t like or afford this card, you have to try these under mentioned cards, which is almost the same as beneficial and profitable.
So, these are the complete details and review of the Bank of Baroda Eterna credit card. If you want to look like this kind of multi-purpose card, this will be a perfect choice. But before applying for this card, please consult a financial adviser to clear that if you really need this card or not. I hope you guys get all the answers to your questions regarding this. That’s all for today. Stay tuned with us more, getting more interesting reviews.