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Features of Bank of Baroda Corporate Credit Card

  • Interest-Free Credit Period:
    The Bank of Baroda Corporate Credit Card offers up to a 50-day interest-free credit period. This enables businesses to manage cash flow efficiently by deferring payments without interest charges, provided the outstanding balance is cleared by the due date. It's especially beneficial for SMEs and large enterprises looking for short-term financial flexibility.
  • Reward Points Program:
    Businesses can earn 1 Reward Point for every ₹100 spent on the BoB Corporate Credit Card. These points can be redeemed for cashback at a rate of 1 Reward Point = ₹0.25. There is no cap on the number of points you can accumulate, making it ideal for companies with high-volume transactions.
Bank of Baroda Premier Credit Card
    • Complimentary Airport Lounge Access: 8 complimentary domestic airport lounge visits annually (2 per quarter), enhancing travel convenience for corporate users. This feature makes the card highly competitive with SBI and HDFC Corporate Credit Cards.
    • Fuel Surcharge Waiver: 1% waiver on transactions between ₹400 and ₹5,000 at fuel stations, capped at ₹250 per billing cycle. While no reward points are earned on fuel spends, it provides operational savings.
    • Business Name Embossing: Offers fourth-line embossing to include the business name on the card, reinforcing professionalism and brand identity.
    • Contactless Payments: Supports secure and swift tap-and-go payments at contactless-enabled POS machines, ideal for fast-paced business environments.
    • International Transaction Capability: Enabled for global use (post-activation), suitable for enterprises with international dealings. Foreign currency mark-up charges apply.
    • EMI Conversion Facility: Convert transactions above ₹2,500 into EMIs (6 to 36 months), providing flexibility for high-value business purchases.
    • Comprehensive Insurance Coverage: Includes Personal Accident Cover—₹1 crore for air accidents and ₹10 lakh for non-air accidents—offering protection to frequent business travelers.
    • Zero Liability on Lost Card: If reported promptly, unauthorized transactions are covered under zero liability protection, ensuring corporate security.
    • Multiple Bill Payment Options: Make payments via the Bank of Baroda Corporate Credit Card portal, auto-debit, or Insta Pay for seamless expense management.
    • RuPay Network Integration: One of India’s first corporate credit cards on the RuPay network. Enables UPI linking for fast, secure digital payments.
    • Customizable Credit Limits: Credit limits tailored based on business banking relationships (e.g., CC, OD, FD, or current accounts), aligning with corporate expenditure needs.
    • Vendor Negotiation Support: Analyze spending patterns to support vendor negotiations, helping businesses reduce procurement costs and improve efficiency.
    • 24x7 Customer Support:The Bank of Baroda Corporate Credit Card customer care service is available 24x7 via toll-free numbers and SMS services. This ensures prompt resolution of queries, from balance inquiries to card blocking.
    • Comparison with Competitors:When comparing the Bank of Baroda Corporate Credit Card with competitors like the SBI Corporate Credit Card and HDFC Corporate Credit Card, the BoB card excels in its low fees, interest-free period, and RuPay integration. While SBI offers robust rewards, its annual fees are higher, and HDFC’s lounge access is more limited. The BoB Business Credit Card strikes a balance, making it a top choice among government bank corporate credit cards.
    • Fees and Charges: The Bank of Baroda Corporate Credit Card charges & fees include: Membership Fee: ₹2,000 (Corporate Premium variant). Interest Rate: 2.6% per month (31.2% APR). Cash Withdrawal Fee: 2.5% of the amount (minimum ₹500). Late Payment Charges: Varies based on outstanding balance. Annual Fee Waiver: Possible with ₹50,000 annual spend. These fees are competitive, especially for businesses that meet spending thresholds for waivers.
    • Why Choose This Card: The Bank of Baroda Corporate Credit Card is a versatile tool for corporate credit card for SMEs by Bank of Baroda and large enterprises. Its combination of rewards, lounge access, and flexible payment options makes it a leader in the market. Businesses seeking a reliable, feature-rich card will find the BoB Corporate Credit Card an excellent fit.
Premier Card Benefits

Benefits of Bank of Baroda Corporate Credit Card

  • 1. Enhanced Cash Flow Management:
    • Enjoy up to 50 days of interest-free credit on business spends.
    • Allows businesses to defer payments without incurring interest, improving liquidity.
    • Helps SMEs and corporates manage working capital and operational costs efficiently.
  • 2. Lucrative Reward Points:
    • Earn 1 Reward Point per ₹100 spent on business transactions.
    • Redeem points for cashback, vouchers, merchandise, or air miles.
    • No cap on reward accumulation, ideal for high-volume business spenders.
    • Boosts value on every transaction, converting routine expenses into long-term benefits.
    • Fuel Cost Reduction: The 1% fuel surcharge waiver on transactions between ₹400 and ₹5,000 is a practical benefit for vehicle owners. It also helps businesses with fleets reduce operational costs (up to ₹250 per cycle).
    • Complimentary Lounge Access: 8 complimentary domestic airport lounge visits annually (2 per quarter) offer a premium travel experience. This perk matches travel benefits offered by SBI and HDFC corporate cards.
    • Flexible EMI Options: Large purchases over ₹2,500 can be converted into EMIs (6 to 36 months), supporting capital expenditure management for individuals and SMEs.
    • Enhanced Security and Zero Liability: Zero liability on lost or stolen cards (if promptly reported) reduces financial risk for individuals and businesses.
    • Interest-Free Credit Period: Up to 50 days of interest-free credit helps manage cash flow effectively for both personal and business use.
    • Add-On Card Benefits: Get up to 3 lifetime-free add-on cards for family or employees to extend benefits like EMI, fuel savings, and UPI linkage.
    • Exclusive Discounts & Offers: Access offers through NPCI and RuPay merchants, enhancing savings across categories like lifestyle, dining, and retail.
    • Digital Experience: Seamless card management via bob World app and Internet Banking ensures convenient access and control.
    • Annual Fee Waiver: Annual fees can be waived on spending ₹50,000 or more, making the card cost-effective for active users and growing businesses.
    • UPI Integration: Link your card with UPI apps for contactless and small-value digital payments—ideal for both personal use and MSMEs.
    • Lifestyle Benefits: Get discounts on hotels, dining, and entertainment, enhancing travel and leisure experiences.
    • b>Insurance Protection: Enjoy Personal Accident Insurance (₹1 crore for air accidents, ₹10 lakh for non-air accidents), providing safety during business or personal travel.
    • b>Customizable Spending Limits: Control limits for online, POS, and contactless transactions to manage finances securely and efficiently.
    • b>SME-Focused Perks: Reward points on business spends, EMI options, and expense tracking tools are ideal for MSMEs to optimize operations.
    • Digital & Environmental Impact: Encourages cashless payments and supports India’s digital economy goals.
    • 24x7 Customer Support: Access support anytime via toll-free numbers and email for quick resolutions and assistance.
    • Activation Bonuses: Earn up to 1000 reward points by making a transaction of ₹1000+ within 45 days of card issuance.
    • Global Acceptance: Accepted on RuPay (India) and Discover, Diners Club, Pulse (international) networks—ideal for global transactions.
    • Professional Branding: The business name can be embossed on the card for enhanced corporate identity during transactions.
    • Streamlined Expense Management: Businesses can track and report card expenses, helping negotiate better vendor terms and streamline budgets.
    • Multiple Bill Payment Options: Choose from online, auto-debit, or Insta Pay methods to manage repayments efficiently.
    • Support for Business Growth: Customizable credit limits and digital tools help businesses scale operations and manage working capital efficiently.
    • RuPay Network Benefits: Being one of the first corporate cards on the RuPay network, it enables UPI-based payments and digital accessibility.
    • Comparison with Competitors: While SBI and HDFC corporate cards excel in certain areas, BoB Corporate Credit Card offers RuPay UPI integration, competitive fees, and SME-focused tools.
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How to Apply for Bank of Baroda Corporate Credit Card

  • Online Application Process:
    • Visit the official websites: bankofbaroda.in or bobcard.co.in.
    • Navigate to the ‘Credit Cards’ section and select Corporate Credit Card or Corporate Premium.
    • Check eligibility criteria (e.g., current account with BoB, minimum turnover, etc.).
    • Fill the online application with company details, financials, and authorized signatory information.
    • Upload scanned, self-attested KYC documents (PDF or JPEG).
    • Review and submit the form; note the application reference number for tracking.
    • Await verification from the bank; a representative may contact you if additional details are needed.
    • Upon approval, the card will be dispatched to your registered business address.
  • Offline Application at Bank Branch:
    • Visit the nearest Bank of Baroda branch with necessary business documentation.
    • Request and fill the Corporate Credit Card application form.
    • Attach a passport-sized photo of the authorized signatory and required documents.
    • Submit the form for in-person verification and processing.
    • Application will be forwarded to BOBCARD Limited for further checks.
    • The card will be delivered within 7–10 working days upon approval.
  • Application Tracking:
    • Visit bobcard.co.in and use the ‘Track Application’ feature with your reference number.
    • Use the AWB number provided for courier tracking if the card has been dispatched.
    • Call Bank of Baroda Corporate Card customer care for updates.
    • Visit the branch where the application was submitted for in-person tracking.
  • Post-Approval Steps:
    • Activate your Corporate Credit Card via customer care or corporate login portal.
    • Register on the BOB Financial website to access account statements and manage card usage.
    • Generate your PIN through ATM or customer care for secure usage.
    • Contact customer care to enable international usage, if required.
  • Tips for a Successful Application:
    • Ensure business documents are complete, recent, and self-attested.
    • Maintain a good business credit score (preferably above 700).
    • Double-check form entries and upload clear digital copies.
    • Respond to any follow-ups from BoB promptly to avoid delays.
    • Leverage existing BoB accounts for quicker processing.
  • Common Reasons for Rejection:
    • Incomplete Documentation: Missing or unclear documents may lead to rejection.
    • Poor Credit Score: Businesses with a low score may not qualify.
    • Insufficient Turnover: Below-threshold income/turnover can result in ineligibility.
    • Non-Compliance: Lack of necessary business registration or net worth requirements.
  • Customer Support Assistance:
    • Contact BoB Corporate Card helpline at 8885545255 (or specific corporate helplines).
    • Alternatively, email info@logintoloans.com for assistance.

Eligibility Criteria for Bank of Baroda Corporate Credit Card

  • 1. Business Type:
    • Limited Companies: Public or private limited companies registered under the Companies Act.
    • Partnership Firms: Registered firms with a formal agreement.
    • Government Companies: Public sector undertakings and government-owned entities.
    • SMEs: With a proven financial track record.

    Note: Sole proprietorships are typically ineligible unless they have a significant relationship with BoB.

  • 2. Financial Requirements:
    • Minimum Paid-Up Capital: ₹25 lakh (Corporate Premium variant).
    • Net Worth: ₹50 lakh, verified via audited financials.
    • Annual Turnover: ₹2 crore or more (varies by bank discretion).
    • Existing Credit Facility: ₹1 crore or more with a BoB rating of 6 or better.
  • 3. Existing Relationship with Bank of Baroda:
    • Current Account: Active account with transaction history.
    • Credit Facilities: CC/OD or loans with good standing.
    • Fixed Deposits: ₹15,000 or more (helps in Prime variant).
  • 4. Credit Score:
    • Business credit score: Ideally above 700.
    • Factors assessed: Payment history, utilization ratio, inquiry count.
  • 5. Age of Business:
    • Minimum 3 years of operation with consistent profits.
    • Startups may qualify if they show strong financials and BoB relations.
  • 6. Authorized Signatory:
    • Age between 21 and 65 years.
    • Must hold authority (director, partner, executive).
    • Valid ID proof required (PAN, Aadhaar).
    • Add-on cards can be issued to employees aged 18+.
  • 7. Geographical Location:
    • Business must be registered in India.
    • Must have a verifiable physical address in a BoB serviceable area.
  • 8. Industry Type:
    • Eligible: Manufacturing, Services, IT, Retail, etc.
    • High-Risk Sectors (e.g., speculative trading) may face stricter checks.
  • 9. Additional Considerations:
    • Existing Credit Cards: Outstanding dues may affect approval (debt-to-income ratio is checked).
    • Legal Compliance: GST, company registration, ITR filing must be in order.
    • Bank Discretion: Final approval depends on internal risk policies and market trends.
  • 10. Tips to Strengthen Eligibility:
    • Maintain a strong relationship with Bank of Baroda.
    • Improve financials (net worth, turnover).
    • Ensure regular ITR filings and GST compliance.
    • Clear outstanding dues on other credit cards or facilities.
  • 11. Comparison with Competitors:
    • Vs SBI Corporate Credit Card: BoB has stricter capital requirements but favors existing BoB customers.
    • Vs HDFC Corporate Card: HDFC may offer lower turnover criteria but expects high net-worth clients.

    The BoB Corporate Card is preferred for businesses seeking a government-backed credit solution with stable relationships.

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Documents Required for Bank of Baroda Corporate Credit Card

  • 1. Identity Proof (Any One):
    • Aadhaar Card: Preferred due to its widespread acceptance and linkage with KYC.
    • PAN Card: Mandatory for all credit card applications, as it tracks financial transactions.
    • Passport: Valid for both resident and NRI applicants.
    • Voter ID Card: A government-issued ID suitable for verification.
    • Driving License: Acceptable as both identity and address proof.

    The document must be clear, valid, and match the name provided in the application form.

  • 2. Address Proof (Any One):
    • Aadhaar Card: If not used as identity proof.
    • Utility Bills: Electricity, water, or gas bills (not older than 3 months).
    • Rental Agreement: Registered agreements are preferred.
    • Passport: If not used as identity proof.
    • Voter ID Card: If not used as identity proof.
    • Driving License: If not used as identity proof.

    The address proof must reflect the applicant’s current residence for card delivery and communication.

  • 3. Income Proof:
    • Salaried Applicants:
      • Salary Slips: Last 3 months’ salary slips showing consistent income.
      • Bank Statement: Recent 3–6 months’ bank statements reflecting salary credits.
      • Form 16: Latest Form 16 issued by the employer for tax purposes.
    • Self-Employed Applicants:
      • Income Tax Returns (ITR): Last 2 years’ ITR with computation of income.
      • Audited Financials: Balance sheet and profit/loss statement for the business.
      • Bank Statement: Recent 6 months’ business or personal account statements.

    Income proof must demonstrate a minimum annual income of ₹3,00,000 or as specified by the bank.

  • 4. Photograph:
    • Recent passport-size photograph with a plain background and current appearance.
    • Offline applications: paste on the form; Online applications: upload digital copy.
  • 5. PAN Card Copy:
    • Mandatory for linking financial transactions and tax records.
  • 6. Bank Statement:
    • Recent bank statement (last 3–6 months) for income verification and financial stability.
    • Should reflect:
      • Regular income credits (salary or business income)
      • Consistent account activity
      • No frequent overdrafts
      • Sufficient balance
  • 7. Additional Documents for NRIs:
    • Passport: Valid with visa details.
    • Visa Copy: Work or resident visa.
    • Overseas Address Proof: Utility bill or bank statement.
    • NRI Bank Account Details: NRE/NRO account with BoB or other banks.
  • 8. Corporate Documents (If applying for employee cards):
    • Company Registration Certificate
    • Audited Financial Statements
    • Board Resolution
    • KYC of Authorized Signatory
  • 9. MSME Documents (If applicable):
    • MSME Registration Certificate (Udyam Registration)
    • GST Returns
    • Working Capital Documents (CC/OD details)
  • 10. Annexures for Specific Variants:
    • Annexure 1, 2, 3 for FD-backed cards (e.g., Assure Platinum)
    • Copy of Fixed Deposit Receipt (front and back), discharged by applicant

Factors Affecting Bank of Baroda Corporate Credit Card Approval

  • Business Credit Score:
    • Score above 700 improves approval likelihood.
    • Evaluated on timely repayments, low credit utilization (below 30%), and credit age.
    • Defaults, high debt, or short credit history can reduce eligibility.
  • Financial Stability:
    • Annual turnover of ₹2 crore or more is preferred.
    • Paid-up capital should be at least ₹25 lakh (for Corporate Premium).
    • Net worth of ₹50 lakh+ verified by a Chartered Accountant.
    • Consistent profitability over the past 2–3 years enhances approval chances.
  • Relationship with Bank of Baroda:
    • Existing current account with regular business transactions builds trust.
    • Good track record with loans, credit facilities, or fixed deposits (e.g., ₹15,000+ FD) strengthens the profile.
    • Pre-existing business relationships may result in faster processing.
  • Debt-to-Income Ratio:
    • Should ideally be below 40% for better repayment capacity indication.
    • High outstanding debts or EMIs reduce approval chances.
  • Business Age and Track Record:
    • Minimum 3 years of business operation is preferred.
    • Startups may qualify if they show strong financial metrics and an existing BoB relationship.
  • Industry Risk Profile:
    • Low-risk industries (e.g., IT, manufacturing) are more likely to be approved.
    • High-risk industries (e.g., speculative real estate, crypto) may face stricter scrutiny.
  • Regulatory Compliance:
    • Regular GST return filings and valid GSTIN are mandatory.
    • ITR filings for the last 2–3 years are required.
    • Proper company registration documents (Incorporation Certificate/Partnership Deed) are needed.
    • Ongoing legal disputes or non-compliance lead to rejection.
  • Authorized Signatory Profile:
    • Age between 21 to 65 years with no personal credit defaults.
    • Must be officially authorized by board resolution or partnership agreement.
  • Application Accuracy:
    • Ensure consistency in business name, address, and financial details.
    • Missing or incorrect documents can delay or lead to rejection.
  • Existing Credit Exposure:
    • Multiple active loans or recent credit card applications may negatively affect eligibility.
    • Frequent credit inquiries can signal risk and lower approval chances.
  • Economic and Market Conditions:
    • During uncertain economic conditions, banks may adopt stricter approval norms.
    • Stable market periods offer better approval odds.
  • Bank’s Internal Credit Policy:
    • Approvals depend on internal portfolio limits, sector exposure, and current risk appetite.
    • Policy changes or regulatory directives may affect eligibility.
  • Comparison with Competitors:
    • SBI Corporate Card emphasizes turnover and director guarantees (stricter for SMEs).
    • HDFC targets high-net-worth businesses with lesser focus on relationship banking.
    • BoB offers a balanced approach based on financial strength and banking history.
  • Strategies to Improve Approval Chances:
    • Improve business credit score and clear any outstanding debts.
    • Strengthen your relationship with Bank of Baroda via current accounts or FDs.
    • Ensure financials show stable profits and turnover growth.
    • File all regulatory documents (GST, ITRs) regularly.
    • Apply when your business is stable and your documents are accurate and complete.

Frequently Asked Questions (FAQs)

1. What is the Bank of Baroda Corporate Credit Card?
The Bank of Baroda Corporate Credit Card is a premium payment solution designed for companies and organizations. It helps manage business expenses, monitor employee spending, and simplify accounting with consolidated billing and reporting.
2. Who is eligible to apply for a Bank of Baroda Corporate Credit Card?
Corporate entities such as private limited companies, public limited companies, and government organizations with a stable financial history and sufficient turnover are eligible. A good banking relationship with Bank of Baroda is typically required.
3. What are the main features of the Bank of Baroda Corporate Credit Card?
Some key features include global acceptance, consolidated billing, individual card controls, detailed MIS reports, online expense tracking, chip and PIN security, and support for corporate policy compliance.
4. How can a company apply for the Corporate Credit Card?
To apply, the company can visit a nearby Bank of Baroda branch or contact their relationship manager. Required documents usually include company KYC documents, board resolution, and financial records.
5. Can multiple employee cards be issued under one company account?
Yes, the bank allows issuance of multiple cards to employees under one corporate account. Each card can have its own spending limit and controls as per the company’s internal policy.
6. What are the spending limits on the corporate cards?
Spending limits are flexible and can be set by the company for each employee. The overall corporate credit limit is determined by the bank based on the company’s financial standing.
7. Is there a rewards or cashback program for this card?
Yes, the card may offer reward points on eligible spending. These points can typically be redeemed for merchandise, travel, or vouchers. The exact benefits depend on the card variant issued.
8. Is this card accepted internationally?
Yes, the card is accepted globally at millions of locations through its association with major payment networks like Visa or Mastercard.
9. What are the fees associated with the card?
Fees may include annual charges, cash withdrawal fees, foreign transaction charges, and interest on overdue balances. Specific fees depend on the agreement between the company and the bank.
10. Can the company monitor employee card usage?
Yes, the bank provides monthly consolidated statements and detailed MIS reports, allowing the company to track transactions and manage expenses effectively.
11. What happens if a card is lost or stolen?
In case of loss or theft, the cardholder or authorized company official should immediately contact Bank of Baroda customer care to block the card. A replacement card can be issued promptly.
12. Is there a grace period for repayment?
Yes, typically a grace period of 20 to 50 days is provided depending on the billing cycle. Full payment within the grace period avoids interest charges.
13. Can the card be used to withdraw cash?
Yes, cash withdrawals are allowed at ATMs, but they are subject to daily limits and attract cash advance fees and interest from the date of withdrawal.
14. Are there digital tools or mobile apps to manage the corporate cards?
Yes, Bank of Baroda offers digital banking tools and mobile applications where authorized personnel can view statements, track transactions, and manage card settings online.
15. How does this card help with business expense management?
The card simplifies financial processes by reducing the need for cash advances, centralizing expenses, enabling real-time tracking, and supporting policy compliance through detailed reporting.

List of Bank of Baroda Corporate Credit Card in Tamil Nadu

  • Tamil Nadu - Chennai - R.A. Puram
  • Tamil Nadu - Chennai - Royapettah
  • Tamil Nadu - Chennai - Saidapet
  • Tamil Nadu - Chennai - Saligramam
  • Tamil Nadu - Chennai - Sowcarpet
  • Tamil Nadu - Chennai - T Nagar
  • Tamil Nadu - Chennai - Tambaram
  • Tamil Nadu - Chennai - Thiruvanmiyur
  • Tamil Nadu - Chennai - Valasaravakkam
  • Tamil Nadu - Chennai - Velachery
  • Tamil Nadu - Chennai - Villivakkam
  • Tamil Nadu - Chennimalai Branch
  • Tamil Nadu - Chidambaram Branch
  • Tamil Nadu - Coimbatore Branch
  • Tamil Nadu - Coonoor Branch
  • Tamil Nadu - Cuddalore Branch
  • Tamil Nadu - Dharmapuri Branch
  • Tamil Nadu - Dindigul Branch
  • Tamil Nadu - Erode Branch
  • Tamil Nadu - Gobichettipalayam Branch