BOI Visa Gold International Credit Card Review

BOI Visa Gold International Credit Card is a Basic credit card from the Bank of India. This card is specially designed for international uses and for those people who want a higher spending limit. The benefits and features offered by this card are – discount on Medi Claim premium payment, balance transfer facility, EMI option, Add-on facility, interest-free credit period, and lots more. Let’s discuss the benefits of the card in detail.   

BOI Visa Gold International Credit Card

Eligibility Criteria:

  • Resident Type: Indian. 
  • For salaried person:
    • Age: 21 to 60 yrs. 
    • Income: ₹1.5 lakh annually. 
  • For self-employed person:
    • Age: 21 to 65 yrs. 
    • Income: ₹1.5 lakh annually.
  • Good CIBIL Score (750 or more).

Required Documents:

  • Photocopy of ID Proof (any 1)
    • Aadhar card
    • Voter Card
    • Passport
    • PAN Card
  • Photocopy of Address proof (any 1) 
    • Last 6 months bank account Statement
    • Aadhar Card 
    • Driving License 
    • Passport
    • Utility bill
  • One recent passport-sized photographs
  • Proof of income statement:
    • Salaried Person (any 1)
      • Latest salary slip, (3 months) 
      • ITR
    • Self-employed person
      • Latest Income tax return. 
      • Proof of business
      • Recently audited financial report. 

Fee:

  • Joining Fee: ₹1,500 + GST
  • Annual Fee: ₹1,500 + GST

Benefits:

  • Discount on Medi-Claim:

If you pay your Medi Claim premiums with this card you can get a big discount on it. Your Medi Claim insurance amount should be within ₹5 lakh. 

  • EMI Facility:

With this card, you can convert your high-value purchases into EMI. This feature is very helpful for frequent shoppers.

  • Add on cards:

You can share the awesome features of your cards with your loved ones. Just add your loved ones, (min age – 18+) with your card and they can also the features of a credit card. The annual fee for Add-on Cards is ₹800

  • Balance Transfer facility:

You can transfer the balance of your other cards to this card to get a lower interest rate. The maximum amount you can transfer is 75% of your total spending limit. 

  • Easy Cash withdrawal:

With this card, you don’t need to worry if you need instant cash while traveling outside India. As with BOI, you can withdraw cash at any ATMs. You can withdraw up-to ₹ 15000 / day.

  • Greater spend limit:

If you choose this card you will get a higher spend limit which is over ₹1 lakh. 

  • Interest-free period:

This card offers you an interest-free period of up to 51 days. 

  • Revolving facility:

If your monthly card bill is too high, you can just pay the minimum due amount and the applicable interest rate will be 1.70% monthly, otherwise, you will have to pay 2.5% interest per month. 

  • Customizable spend limit:

You can also customize the credit limits of your add-on members. It gives you better control over your account.

  • Visa Service:

This card comes with Visa Emergency Assistance Service which offers you instant assistance on lost or stolen cards.  

  • EMV Chip Card:

This card comes with a built-in EMV Chip. It adds more security and convenience to your transactions.

  • Worldwide acceptance:

This card is globally accepted, you can use this card at any outlet or e-commerce site where the Visa Credit Cards are accepted. 

Charges:

  • Cash Withdrawal Charge: 2% at BOI ATMs and 2.5% at other and overseas ATMs. 
  • Finance Charge: 1.70% monthly if the minimum due amount is paid otherwise it will be 2.50% monthly. 
  • Foreign currency transaction: 2% against the transaction amount. 

Contact Details:

Call: 1800 220 229 // 1800 103 1906

Mail: [email protected]

100xGain Ratings: 1/10

Final Opinion:

If you want a credit card for international use, balance transfer, and EMI facility, then this card will be perfect for you. It offers a low-interest rate which makes it ideal for the balance transfer, also the currency conversion charge is relatively lower which makes it beneficial for international uses. This card also offers a discount on Medi Claim premium payments. 

But if you want to earn benefits from your transactions, then I would not recommend you this card. Instead, if you want to earn benefits on shopping then you can go for Axis Bank Neo Credit Card, for movie and entertainment benefits you can go for RBL Bank Popcorn Credit Card, and if you want travel benefits then you can go for Axis My Wings Credit Card.

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