BOI India Credit Card Review

BOI India Credit Card is specially designed for domestic uses, it is a free credit card from BOI. This card offers some exclusive features and benefits like reward benefit, add-on card facility, EMI option, easy cash withdrawal, interest-free period, revolving credit facility, and lots more. Let’s discuss the card in detail and see if it is worth applying for or not.   

Eligibility Criteria:

** The bank has not mentioned the eligibility criteria clearly, but as per our experience, we can say that it should be like this.  

  • Resident Type: Indian. 
  • For salaried person:
    • Age: 21 to 60 yrs. 
    • Income: 1.5 Lakh annually. (Minimum)
  • For self-employed person:
    • Age: 21 to 65 yrs. 
    • Income: 1.5 lakh annually. (Minimum)
  • 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. 


  • Joining Fee: None. 
  • Annual Fee: None. 


  • Reward benefit:

If you choose BOI India Card, you will get reward points for each transaction made with this card. 

  • 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. 

  • EMI Facility:

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

  • 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.

  • 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 of your account.

  • EMV Chip Card:

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

  • Acceptance:

This card is specially designed to be used in India. you can use this card at over 1.5 lakh outlets in India. 


  • 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. 

Contact Details:

Call: 1800-220-229


Mail: [email protected]

100xGain Ratings:


Final Opinion:

This card is specially designed to be used in India. It comes free of cost. This card is best for those who want free credit cards, it offers reward points on every transaction, EMI option, add-on facility, easy cash withdrawal facility, revolving credit facility, etc. 

Although this card comes free of cost and offers some exclusive features it lacks some benefits like lounge access, free movie tickets, and benefits on shopping, which you can get from other free credit cards available in the Indian Market. 

So I would never recommend you this card, instead, you can go for Kotak Mahindra Wealth Management Infinite Credit Card or HSBC Premier MasterCard Credit Card. Both cards come free of cost and offer several attractive benefits. 

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