How to Apply for a Bank of India Credit Card - Domestic

Are you always looking for ways to avoid annual credit card fees? Then, the Bank of India’s Domestic card may be the card for you! 

Not only is this a free lifetime card, but it also offers a number of customer-friendly perks. A nominal interest rate, balance transfer facility, and wide acceptance makes this card a favorite among users in India and Nepal.     


In this article, you can read about the features and benefits of owning a Bank of America (BOI) Domestic card and also learn how to apply. Read on to learn more.

How to Apply for a Bank of India Credit Card - Domestic
Image Source: Bank of India

Features of the Bank of India Domestic Credit Card 

The BOI credit card is ideal for domestic usage in India and Nepal. Not only is the card very easy to get, but it is also a versatile card you can use for all your payment needs. 

Cardholders can enjoy an interest-free period of up to 51 days on purchases. You can even choose to repay large amounts in installments at nominal interest rates through the EMI options. 


If you are confident you can pay on or before the due date, you can simply pay regular bills along with a 1.7% monthly APR.  

Eligibility of the Bank of India Domestic Credit Card

To be eligible for a BOI domestic card, you must be an individual of Indian origin or a foreign employee residing in India. One of the prime deciding factors regarding your eligibility is your financial stability, which the bank verifies through salary certificates and tax returns. 

In general, if you have an annual income of ₹75,000 or more your chances of getting approval are high. Additionally, the Bank of India will check your CIBIL credit score and assess your creditworthiness. 


How to Apply for a Bank of India Domestic Credit Card

If you are convinced this card is the card for you, you’ll be happy to know that the application process is transparent and hassle-free

Moreover, it requires minimal documentation. Even though you can apply online, applying at the nearest BOI branch is recommended. 

Simply submit a completed and signed credit card application form to the banks and provide proof of ID, proof of address, and proof of income. Depending on your card type, income source, and nature of the job, the bank may request some additional documents. 

Interest Rates and Fees

Before you apply for this credit card, it is essential to be aware of all the associated charges. Below is a list of rates and fees that come with the BOI Credit Card.

  • Interest-free period - 21 to 51 days
  • Minimum Repayment Amount: 10% of Total Outstanding
  • Cash Advance Limit: 50% of Spending Limit or available limit, whichever is lower
  • Cash Advance fees: BOI ATM is 2% (minimum Rs. 50) for each transaction; Other bank ATM is 2.5% (minimum Rs. 75) for each transaction; Overseas ATM is 2.5% (minimum Rs. 125) for each transaction, and Currency Conversion Charges is 2%
  • Processing Fees: one-time 1.00% of the Purchase (Existing 2.20%)
  • Finance Charge: 1.25 % of the Purchase (existing 1.50% p.m. on original amount); in case of default service charges is 2.50% p.m. (34.50% p.a.)
  • Balance inquiry charges at ATM: Other Bank ATM in India is Rs. 20/-; Other Bank ATM Abroad is Rs. 25/-
  • Purchase and Cash Charges: 1.70% p.m. (22.45 % p.a) on daily balances
  • Usage Over Spending Limit: Rs. 100/- per occasion
  • Payment Return Charges: Rs. 100/ - per instrument
  • PIN replacement Charges: Rs. 50/- (per occasion)
  • Duplicate Bill Charges: Rs. 50/- per quarter (after 12 months)
  • Retrieval of Charge Slip: Actual or Rs. 100/- whichever is higher
  • Foreign Currency Transactions: 2% Currency Conversion Charges for all currencies, (excluding INR, being home currency)

Contact Info 

You can find out more about the Domestic Credit Card by contacting the bank directly. You can reach the Bank of India by calling 1 (212) 753-6100. Their mailing address is Star House, C-5 G Block, Bandra Kurla Complex, Mumbai-400 051.

How to Apply for a Bank of India Credit Card - Domestic
Image Source: The Statesman


The BOI Domestic card is ideal for you if you do not want to worry about paying a yearly fee. On the other hand, you should not get this card if you often fail to pay your credit card bill on time. 

Disclaimer: There are risks involved when applying for and using credit products. Ensure you consult the bank's terms and conditions page before agreeing to anything. 

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