Bank of Baroda Paytm Credit Card Review

By | July 6, 2021

Bank of Baroda Paytm Credit Card is Co-branded credit jointly launched by the Bank of Baroda and Paytm. This credit card promises accelerated reward points on Paytm spends. Here is the detailed review of the Bank of Baroda Paytm Credit Card.

Bank of Baroda Paytm Credit Card
Bank of Baroda Paytm Credit Card

Fees and Charges

  • Joining Fees: Rs. 2000+GST
  • Annual Fees: Rs. 2000+ GST
  • Add on Card: NIL

Rewards Program

Bank of Baroda Paytm Credit Card comes with different rewards: Regular and & Accelerated, here’s everything about it below.

Regular Rewards

  • All regular spends: 4 Reward Point per Rs.100 spends (1% Value)
  • 1 Reward Point Value: Rs.0.25

There are many options for rewards redemption; however, if you redeemed it against Statement credit., then 1 Reward Point Value: Rs.0.25.

Accelerated rewards

Bank of Baroda Paytm Credit Card offers Accelerated rewards points purchases made through Paytm mobile app or website . Here are all the details about accelerated rewards points.

  • 12 rewards points on Paytm spend.
  • The Accelerated rewards rate is 3%

The Accelerated rewards rate is very good. The rewards rate of 3% is awesome, however, if you compare with credit cards like Flipkart Axis Bank Credit Card and Amazon Pay ICICI Bank Credit Card which offers flat 5% cashback for purchases made on their platform, this credit card seems to unattractive.

Other Benefits 

Fuel Surcharge Waiver

  • Fuel Surcharge Waiver– 1% Fuel Surcharge waiver on fuel transactions.
  • Minimum: Rs. 400
  • Max Waiver: Rs. 250 per statement cycle

Insurance Cover

  • Free Personal Accidental Death Cover 
  • Zero liability on the lost card if reported timely

Easy EMI 

You can convert purchase above 2500 into easy EMI of 6/12 months.

Free Add-on card

  • 3-lifetime free add-on cards for your spouse, parents, siblings, or kids (above age 18)
  • Complimentary airport lounge, 24×7 concierge, Golf program

Bottomline

The Charges of this credit are like a Premium credit card, but features and benefits are even below entry-level credit card. This credit card promises a Complimentary airport lounge, 24×7 concierge, Golf program but not detailed given on the website.

I would not recommend this credit card to anyone.

Avatar of Dhiraj Jha
Author: Dhiraj Jha

I love to acquire, review, and earn reward points/cashback from Credit Cards for free traveling and enjoying luxury hotels. Helping people about the benefits and optimal utilization of credit cards.

Leave a Reply

Your email address will not be published. Required fields are marked *