M16S / Bank of India / Bank of India SwaDhan RuPay Platinum Credit Card
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Bank of India SwaDhan RuPay Platinum Credit Card
The Bank of India SwaDhan RuPay Platinum Credit Card charges no annual fee and no joining fee. Its base return is 0.5%. Accelerated earn: 3 points per Rs 100 in the 'preferred category' (categories not defined on the page read). Read from the issuer's documents and an aggregator on 11 Oct 2026.
- Annual fee
- Free
- Fee waived at
- —
- Base return
- 0.5%
- Forex markup
- —
- Interest
- 1.7%a month
Apply on bankofindia.bank.inOpens the bank’s own page.
Fees
| Joining fee | Free |
|---|---|
| Annual fee | Free |
| Fee notes | Issuance, annual maintenance (principal and add-on) and replacement all nil. |
Rewards
| Welcome benefit | 100 bonus points for two POS/e-com transactions of Rs 3,000 each within 30 days of issue; 1,000 'Star Credit Bonus' points on spend above Rs 50,000 within 3 months of issue |
|---|---|
| Reward currency | Star Rewards points |
| Base earn | 2 points per Rs 100 (standard category), on transactions of Rs 100 and above |
| Base returnunverified | 0.5% |
| Point valueunverified | Not stated on the bank's Star Rewards page; aggregators quote 1 point = Rs 0.25 |
| Accelerated earn | 3 points per Rs 100 in the 'preferred category' (categories not defined on the page read) |
| Caps | 10,000 points per month per customer (CIF), across debit and credit cards; activation and Star Credit bonuses sit outside the cap |
| Spends that earn nothing | UPI transactions on credit card of Rs 2,000 or less earn nothing (from 1 Sep 2025). Earlier POS/e-commerce category exclusions were removed from 1 Sep 2025. |
| Reward notes | base_return_pct = 2 points per Rs 100 x Rs 0.25 (aggregator point value, unverified). Redemption via BOI Omni Neo app or the Star Rewards site. Expiry not stated. |
Charges and eligibility
| Interest per monthunverified | 1.7% |
|---|---|
| Cash advance fee | Bank hub page: 2.5% (min Rs 50) at branch, 2% (min Rs 50) at BOI ATM. Paisabazaar adds 2.5% min Rs 75 at other ATMs and 2.5% min Rs 125 overseas. |
| Eligibility | Issued only against a Term Deposit Receipt with the bank; active savings account; individuals (staff or non-staff), companies and partnership firms. Minimum deposit and limit-to-deposit ratio not stated on the page. |
| Fine-print notes | The bank's Key Fact Statement / MITC PDF (KFS__MITC.pdf) could not be opened, so interest, late fee and forex markup are not confirmed from it. The bank's credit card hub page states 1.70% per month on the revolved 90% when 10% of the bill is paid, and 2.5% per month if fully overdue; aggregators quote 2% p.m. revolving and 3% p.m. on default for RuPay Select, and disagree on forex markup (2% vs 3%). Cash limit 50% of spending limit, ATM cash Rs 15,000 a day. Card must be activated within 30 days of issue. Credit limit up to 20% of gross annual income (40% on merits). Secured card. Billing cycle 16th to 15th, due by the 5th. EMI at Worldline POS terminals. No lounge or insurance stated on the page. |
Questions
- What is the annual fee of the Bank of India SwaDhan RuPay Platinum Credit Card?
- No annual fee.
- Which spends earn no rewards on the Bank of India SwaDhan RuPay Platinum Credit Card?
- UPI transactions on credit card of Rs 2,000 or less earn nothing (from 1 Sep 2025). Earlier POS/e-commerce category exclusions were removed from 1 Sep 2025.