The Bank of Baroda offers the BoB Varunah Credit Card exclusively to the Indian navy personnel. The card comes in three variants ranging from basic to premium. These variants are BoB Varunah Premium, BoB Varunah Plus, and BoB Varunah Credit Card. The Premium variant has the highest annual fee and the normal BoB Varunah Card has the lowest. The cardholders get a lot of privileges across different categories with all three variants. However, the Varunah Premium Card offers the maximum benefits as it is the premium-most card out of all three. From exciting welcome benefits to great reward rates to airport lounge access, one can get everything with the BoB Varunah Credit Card. Apart from this, it also offers insurance covers worth up to Rs. 1 Crore. To know more about the BoB Varunah Credit Card, its features, and fees & charges in detail, continue reading:
- Joining Fee- Nil (for Varunah Card),
Rs. 1,499 (for Varunah Plus Card)
Rs. 2,499 (for Varunah Premium Card) - Renewal Fee- Nil (for Varunah Card),
Rs. 1,499 (for Varunah Plus Card)
Rs. 2,499 (for Varunah Premium Card) - Best Suited For- Shopping
Reward Type- Reward Points - Welcome Benefits- Complimentary Amazon Prime & Zomato Pro membership for one year and Fitpass Pro membership for 6 months (with Varunah Plus and Varunah Premium Credit Card), and 1,000 bonus Reward Points with the Varunah Premium Card.
Rewards and Benefits
- Movie & Dining- Exciting dining benefits with the Zomato Pro membership
- Rewards Rate- Up to 15x Reward Points with the Varunah Premium Card, Up to 10x Reward Points with the Varunah Plus Card, and up to 5x Rewards with the Varunah Card.
- Reward Redemption- The earned Reward points can be redeemed against a variety of options at a redemption rate of 1 Reward Point = Re. 0.25.
- Travel- Complimenatry domestic lounge access every year with the Premium and Plus variant
- Golf- NA
- Domestic Lounge Access- Unlimited complimentary domestic lounge access (with the Premium variant), 3 complimentary domestic lounge access every quarter (with the plus variant)
- International Lounge Access-NA
- Insurance Benefits- Air Accident cover worth Rs. 1 Crore with the premium variant.
- Zero Liability Protection- NA
Fees & Charges
- Spend based Waiver- The annual fee is waived on spending Rs. 1.5 lakhs or more in the previous year
- Rewards Redemption Fee- Nil
- Foreign Currency Markup- 2% with Premium variant, 2.5% with plus variant and 3.5% with the basic Varunah Card
- Interest Rates- 3.25% per month
- Fuel Surcharge- 1% fuel surcharge waiver on all fuel transactions between Rs. 400 and Rs. 5,000.
- Cash Advance Charge- 2.5% of the withdrawn amount subject to a minimum of Rs. 300
- Add-on Card Fee- Nil
Product Details
- Complimentary annual membership of Amazon prime and Zomato Pro.
- Complimentary 6 months Fitpass Pro membership.
- 1,000 bonus Reward Points as a welcome benefit (with the Varunah Premium Card).
- Reward rate of up to 15 Reward Points on every spend of Rs. 100.
- Complimentary domestic lounge access every year.
- Low forex markup fee.
- Spend-based waiver of the joining and annual fee.
- Insurance covers worth up to Rs. 1 Crore.
- 1% fuel surcharge waiver on all fuel transactions.
Bank of Baroda Varunah Credit Card
The Bank of Baroda Varunah Credit Card is issued in three variants, all of them having their own advantages. All the benefits and features of this credit card are given below in detail:
Welcome Benefits
- Complimentary 12 months Amazon Prime membership (with the Premium and Plus variant).
- Complimentary Zomato Pro annual membership for one year (with the Premium and Plus variant).
- Complimentary Fitpass Pro membership for 6 months (with the Premium and Plus variant).
- 1,000 bonus Reward Points (only with the premium variant).
Travel Benefits
The travel benefits offered by the BoB Varunah Credit Cards are as follows:
Varunah Premium Credit Card
- Get unlimited complimentary domestic lounge access every year.
- Get a lower forex markup fee of 2% only.
Varunah Plus Credit Card
- Get 3 complimentary domestic lounge access every quarter.
- Lower forex markup fee of 2.5% only.
Fuel Surcharge Waiver
The cardholders get a 1% fuel surcharge waiver on all fuel transactions between Rs. 400 and Rs. 5,000. The maximum waiver is capped at Rs. 250 per statement cycle.
Spend Based Waiver
You can easily make your BoB Varunah Credit Card lifetime free by fulfilling the below-mentioned conditions:
Varunah premium Card
- The joining fee is waived if the cardholder spends Rs. 25,000 or more within the first 180 days of card issuance.
- The annual fee is waived off on spending Rs. 1.5 lakhs or more in the previous year.
Varunah Plus Card
- The joining fee is waived if the cardholder spends Rs. 15,000 or more within the first 180 days of card issuance.
- The annual fee is waived off on spending Rs. 1.5 lakhs or more in the previous year.
Insurance Benefits
The insurance benefits offered with this card are as follows:
- Get an air accident cover worth Rs. 1 crore with the Varunah Premium Card and Rs. 50 lakhs with the Plus Card.
- Get non-air accident cover worth Rs. 10 lakhs with the Premium and Plus variant.
- Get an accidental death (air and non-air) cover worth Rs. 20 lakhs with the Varunah Card.
Bank of Baroda Varunah Credit Card Rewards/Cashback
The reward rates offered by the BoB Varunah Credit cards are as follows:
Varunah Credit Card
- Get 1 Reward Point on every retail spend of Rs. 100.
- Get 5x Reward points on groceries and departmental store spends.
Varunah Plus Credit Card
- Get 2 Reward Points on every retail spend of Rs. 100.
- Get 5x Reward Points on dining, travel, online purchases, and international spends.
Varunah Premium Credit Card
- Get 3 Reward Points on every retail spend of Rs. 100.
- Get 5x Reward Points (15 RPs per Rs. 100 spent) on dining, travel, online purchases, and international spends.
Reward Redemption
- The reward Points earned using the BoB Varunah Credit Card can be redeemed against a lot of options at the BoB Rewards portal and against cashback.
- 1 Reward Point = Re. 0.25.
BoB Varunah Credit Card Eligibility Criteria
Following are the eligibility criteria required to get approved for the BoB Varunah Credit Card:
- The primary cardholders should be above 21 years of age (18 years for add-on applicants).
- The applicant should be an Indian Navy Personnel.
- The applicant should either be self–employed or salaried and should have a stable source of monthly income.
- The applicant should be having a decent credit score.
Documents Required
To get the Bank of Baroda Varunah Credit Card, you will have to submit the following documents:
- Photocopy of your PAN card.
- Proof of being Indian navy personnel.
- Photocopy of your address proof (such as Aadhar Card, and latest utility bills).
- Salary slip/bank statement as income proof.
- Passport-size photograph.
How To Apply For BoB Varunah Credit Card?
To apply for the Bank of Baroda Varunah Credit Card online, follow the steps given below:
- Go to https://www.bobfinancial.com/.
- Choose the Bank of Baroda Select Varunah Card.
- Select the variant you want to apply for and click on ‘Apply Now.
- You will be shifted to an application form, which you need to fill in carefully.
- Complete all the necessary formalities.
You can also apply for this card online by visiting your nearest Bank of Baroda branch. Just make sure to carry all the required documents and fill in the physical application form carefully.
Conclusion
The Bank of Baroda Varunah Credit Card, exclusively for the Indian Navy Personnel, is a great card as it is offered in three variants and one can choose any of them as per their requirements. The basic variant is lifetime free and the other two variants can also be made absolutely free by achieving the required minimum spend within the given time period. Other major card issuers also offer similar cards for Indian Defence Personnel, such as SBI Shaurya Credit Card, but the Varunah Card has a lot of advantages, including reward rates, complimentary lounge access, and many more. If you fulfill the eligibility requirements for this card, you should definitely go for it. For any further doubts regarding the BoB Varunah Credit Cards, you can freely ask us in the comment section below!
