Overview of Vikram Card
Vikram Card is a credit card dedicated to Indian military personnel issued by the Bank of Baroda. The credit card is a contactless card providing impressive reward programs for personnel serving the country selflessly. The card reward programs include all shopping transactions like grocery shopping, going to movies, etc. There is no joining charge for credit cards, and it offers subscription benefits for three months on the OTT platform.
Highlights of Vikram Card
Charges For Late Fee for Vikram Card
FAQs
1. Can Vikram card holders apply for free add-ons on their existing credit cards?
Ans. Yes, Vikram card holders are eligible to apply for free 3 lifetime add-ons on their existing credit card.
2. Who are eligible as free add-ons for Vikram card holders?
Ans. Siblings, partners and children of Vikram card holders are eligible as add-ons. These individuals must be of 18 years and above to benefit from the credit card.
3. Is the Vikram Card a lifetime free credit card for military personnel?
Ans. Yes, the Vikram Card is a lifetime free credit card for military personnel.
4. Can you make contactless shopping transactions using Vikram Card?
Ans. Yes, you make contactless shopping transactions using your Vikram Card.
5. How many days of Interest-free credit card facility can I enjoy on my Vikram Card?
Ans. You can enjoy an Interest-free credit card facility for about 50 days on your Vikram Card.
6. Can the reward points in Vikram's card expire?
Ans. Yes, the reward points in Vikram's card expire after 24 months from when the transaction is accrued.
7. What steps to take in case of credit card loss?
Ans. If you happen to lose your Vikram card, go and notify your nearest BOB branch. You can also call the bank customer care to inform them about the issue. You should also report the case to the police to avoid any fraudulent activities from taking place. The bank will ensure that your account is frozen, and they will issue a brand new credit card within the next 7 days.
8. What is the process to avail of insurance benefits using a Vikram Card?
Ans. At the time of issuance of your Vikram card, you are provided with insurance details regarding the benefits, terms or conditions, etc. However, if you have any queries regarding the benefits it is best to talk to bank personnel to gain better insight on insurance coverage.
To sum up, the Vikram card highlights BOB's commitment to cater to the military personnel's credit needs. The card reflects that BOB recognizes the valour and dedication of the military personnel who work tirelessly to serve our nation. The credit card was introduced on the special day of the 74th Republic Day by Vikramaditya Singh Khichi Ex- executive director of BOB. The USP of the credit card is a plethora of attractive features and no joining fee charge for eligible applicants.
Vikram Card is a credit card dedicated to Indian military personnel issued by the Bank of Baroda. The credit card is a contactless card providing impressive reward programs for personnel serving the country selflessly. The card reward programs include all shopping transactions like grocery shopping, going to movies, etc. There is no joining charge for credit cards, and it offers subscription benefits for three months on the OTT platform.
Highlights of Vikram Card
- The cardholder can gain about 5 reward points for spending 100 rupees per purchase such as going to movies, grocery shopping or buying items from Departmental stores.
- All the other transactional shopping activities done using the Vikram Card allow the cardholder to gain 1 reward point for spending 100 rupees.
- The card also provides insurance benefits for accidental death for Non-Air travel and Air travel, covering up to 20 lakh.
- Another benefit of the Vikram Card is fuel benefits with a 1% fuel surcharge waiver for all Indian fuel stations.
- Cardholders can also avail EMI conversion benefits over the purchase of 2500 rupees or more. The tenure for EMI conversion can be between 6 to 36 months.
- Vikram card also offers the benefit of a low markup fee for International Travel of 3%.
- Cardholders can also avail of lower service charges at a 3.25% rate.
- The personnel get to benefit from an interest-free credit card facility for up to 50 days.
- In case of a lost credit card, the cardholder will not be held liable if they have reported the lost card.
- The applicant for the Vikram card should be 18 years of age or above.
- The occupation of the applicant should be military personnel.
- The monthly income of the card applicant should be above 30,000.
- Non-salaried personnel should have an ITR of 600000 rupees.
- Lastly, the applicant should have a credit score of 700 or above.
- PAN Card
- Aadhaar Card
- employment details
- Income details
| Cash-Advance Limit | 300 rupees or 2.5% (the one on the higher side) |
| Over-limit Fine | 500 rupees or 2.5% (the one on the higher side) |
| Minimum Reimbursement Amount | 100 rupees or 5% (the one on the higher side) |
| Replica Bill | 25 rupees per bill |
Charges For Late Fee for Vikram Card
| 100 rupees and below | Nil |
| 100-500 rupees | 100 rupees |
| 500-1000 rupees | 400 rupees |
| 1000-10,000 rupees | 600 rupees |
| 10,000-25,000 rupees | 800 rupees |
| 25,000 above | 950 rupees |
FAQs
1. Can Vikram card holders apply for free add-ons on their existing credit cards?
Ans. Yes, Vikram card holders are eligible to apply for free 3 lifetime add-ons on their existing credit card.
2. Who are eligible as free add-ons for Vikram card holders?
Ans. Siblings, partners and children of Vikram card holders are eligible as add-ons. These individuals must be of 18 years and above to benefit from the credit card.
3. Is the Vikram Card a lifetime free credit card for military personnel?
Ans. Yes, the Vikram Card is a lifetime free credit card for military personnel.
4. Can you make contactless shopping transactions using Vikram Card?
Ans. Yes, you make contactless shopping transactions using your Vikram Card.
5. How many days of Interest-free credit card facility can I enjoy on my Vikram Card?
Ans. You can enjoy an Interest-free credit card facility for about 50 days on your Vikram Card.
6. Can the reward points in Vikram's card expire?
Ans. Yes, the reward points in Vikram's card expire after 24 months from when the transaction is accrued.
7. What steps to take in case of credit card loss?
Ans. If you happen to lose your Vikram card, go and notify your nearest BOB branch. You can also call the bank customer care to inform them about the issue. You should also report the case to the police to avoid any fraudulent activities from taking place. The bank will ensure that your account is frozen, and they will issue a brand new credit card within the next 7 days.
8. What is the process to avail of insurance benefits using a Vikram Card?
Ans. At the time of issuance of your Vikram card, you are provided with insurance details regarding the benefits, terms or conditions, etc. However, if you have any queries regarding the benefits it is best to talk to bank personnel to gain better insight on insurance coverage.
To sum up, the Vikram card highlights BOB's commitment to cater to the military personnel's credit needs. The card reflects that BOB recognizes the valour and dedication of the military personnel who work tirelessly to serve our nation. The credit card was introduced on the special day of the 74th Republic Day by Vikramaditya Singh Khichi Ex- executive director of BOB. The USP of the credit card is a plethora of attractive features and no joining fee charge for eligible applicants.
