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Bank of India Master India Domestic Credit Card

✍️ Fact-checked by Parash Editorial • 🔄 Updated May 2026
Bank of India Mastercard Entry

Annual Fee

₹0

Base Rate

1.0%

Reward Type

Points

Overview

The Bank of India Master India Domestic Credit Card is a Entry credit card issued by Bank of India on the Mastercard network. It offers a base reward rate of 1.0% on all spends, with rewards issued as Points(1 pt = ₹0.5).

Annual Fee: Lifetime Free
Eligibility: Gross annual income of ₹75,000 and above, with a CIBIL score of 740+ preferred.

Reward Rates & Cashback Rules

  • ALL_ONLINE: 2.0% cashback ⚠️ Reward points are not earned on certain blocked categories.
  • CATEGORY – Retail: 2.0% cashback ⚠️ Applies to Point of Sale (POS) transactions. Reward points are not earned on certain blocked categories.

Key Features & Benefits

  • EMI Facility 📊: Ability to convert transactions of ₹5,000 or more into Equated Monthly Installments (EMIs).
  • Revolving Credit 🔄: Revolving credit facility is available with an interest rate of 1.70% per month on the outstanding balance.
  • Cash Advance 💵: Cash advance limit of 50% of the spending limit, with a maximum withdrawal of ₹15,000 per day from ATMs.
  • Insurance Benefit 🏥: A concession in the premium of a Medi-Claim policy up to ₹5 lakhs, through a tie-up with National Insurance Co. Ltd.
  • Domestic Use Only 🇮🇳: The card is valid for domestic usage in India and Nepal only.

Eligibility Criteria

Gross annual income of ₹75,000 and above, with a CIBIL score of 740+ preferred.

Features & Benefits

📊

EMI Facility

Ability to convert transactions of ₹5,000 or more into Equated Monthly Installments (EMIs).

🔄

Revolving Credit

Revolving credit facility is available with an interest rate of 1.70% per month on the outstanding balance.

💵

Cash Advance

Cash advance limit of 50% of the spending limit, with a maximum withdrawal of ₹15,000 per day from ATMs.

🏥

Insurance Benefit

A concession in the premium of a Medi-Claim policy up to ₹5 lakhs, through a tie-up with National Insurance Co. Ltd.

🇮🇳

Domestic Use Only

The card is valid for domestic usage in India and Nepal only.

Cashback Engine Rules

The exact calculator logic parameters extracted from the terms & conditions.

All Online Spends
Reward: 2.0%
⚠️ Exceptions: Reward points are not earned on certain blocked categories.
2%
Retail
Reward: 2.0%
⚠️ Exceptions: Applies to Point of Sale (POS) transactions. Reward points are not earned on certain blocked categories.
2%

Value Chart

Assuming basic spends for Bank of India Master India Domestic Credit Card

Category Bank of India Master India Domestic Credit Card Axis Bank Neo Credit Card LIC Axis Bank Platinum Credit Card Axis Bank Kwik Credit Card
₹
Joining Fee 		₹0 ₹0 ₹0 ₹0
₹
Annual Fee 		₹0 ₹250 ₹0 ₹0
🌍
Forex Markup 		3.5% 3.5% 3.5% 3.5%
%
Base Rate 		1.0% 0.5% 1.0% 1.0%
★
Known Rules 		2 rules 11 rules 11 rules 11 rules

Pros & Cons

✓

Pros

  • + All Spends — 2.0% Points
  • + Retail — 2.0% Points
  • + EMI Facility
  • + Revolving Credit
  • + Cash Advance
  • + Insurance Benefit
✗

Cons

  • −Forex markup of 3.5% on international spends
  • −Relatively low base reward rate of 1.0%

Our Verdict

₹ Real Value Calculation (assumed ₹3L/year spend)

Est. Annual Rewards

₹3000

Annual Fee

₹0

Net Value

+₹3000

✅ At ₹3L/year spend, base rewards alone cover the fee. Additional benefits like lounge access add further value.

👍 Best For

  • › First-time credit card users looking to build credit
  • › Low-to-medium spenders wanting simple cashback

👎 Not Worth It If…

  • › You spend heavily in foreign currency — 3.5% markup adds up fast
  • › You rarely use premium benefits like lounges or concierge
  • › You prefer a no-annual-fee card with simpler terms

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Frequently Asked

The Bank of India Master India Domestic Credit Card is lifetime free, meaning it has no joining fee and no annual fee.

Cardholders earn 2 reward points per ₹100 on all online (e-commerce) and offline (POS) transactions, and 1 point per ₹100 on other spends. The redemption value is ₹0.50 per point.

No, this is a domestic card and is only valid for transactions within India and Nepal. It cannot be used for foreign currency transactions.

No, the Bank of India Master India Domestic Credit Card does not come with any complimentary airport lounge access benefits.

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