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Bank of India RuPay SwaDhan Platinum Credit Card

✍️ Fact-checked by Parash Editorial • 🔄 Updated May 2026
Bank of India RuPay Entry 🏦 Secured / FD Based

Annual Fee

₹0

Base Rate

2.0%

Reward Type

Points

Overview

The Bank of India RuPay SwaDhan Platinum Credit Card is a Entry credit card issued by Bank of India on the RuPay network. It offers a base reward rate of 2.0% on all spends, with rewards issued as Points(1 pt = ₹0.25).

Annual Fee: Lifetime Free
Eligibility: Issued against a Bank of India Term Deposit (TDR). Minimum age 18 years.

Reward Rates & Cashback Rules

  • ALL_ONLINE: 2.0% cashback | monthly cap ₹2500.0 ⚠️ Not applicable on UPI transactions of ₹2000 or less.
  • CATEGORY – Fuel: 0.0% cashback
  • CATEGORY – Rent: 0.0% cashback

Key Features & Benefits

  • Lifetime Free Card 🎉: This card comes with zero joining fee and zero annual renewal fee.
  • Secured Card 🔒: Issued against a Term Deposit Receipt (TDR) with Bank of India, making it accessible without stringent income or CIBIL score requirements.
  • Insurance Cover 🛡️: Complimentary personal accident and permanent disability insurance cover as per RuPay network terms.
  • Monthly Reward Cap 🧢: A maximum of 10,000 StarPoints (worth ₹2,500) can be earned per month across all spends.

Eligibility Criteria

Issued against a Bank of India Term Deposit (TDR). Minimum age 18 years.

Features & Benefits

🎉

Lifetime Free Card

This card comes with zero joining fee and zero annual renewal fee.

🔒

Secured Card

Issued against a Term Deposit Receipt (TDR) with Bank of India, making it accessible without stringent income or CIBIL score requirements.

🛡️

Insurance Cover

Complimentary personal accident and permanent disability insurance cover as per RuPay network terms.

🧢

Monthly Reward Cap

A maximum of 10,000 StarPoints (worth ₹2,500) can be earned per month across all spends.

Cashback Engine Rules

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

All Online Spends
Reward: 2.0% Monthly Cap: ₹2500.0
⚠️ Exceptions: Not applicable on UPI transactions of ₹2000 or less.
2%
Fuel Exclusion
Rent Exclusion

Value Chart

Assuming basic spends for Bank of India RuPay SwaDhan Platinum Credit Card

Category Bank of India RuPay SwaDhan Platinum 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 		2.0% 0.5% 1.0% 1.0%
★
Known Rules 		3 rules 11 rules 11 rules 11 rules

Pros & Cons

✓

Pros

  • + All Spends — 2.0% Points (cap ₹2500.0)
  • + Lifetime Free Card
  • + Secured Card
  • + Insurance Cover
  • + Monthly Reward Cap
✗

Cons

  • − No reward on Fuel
  • − No reward on Rent
  • −Forex markup of 3.5% on international spends

Our Verdict

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

Est. Annual Rewards

₹6000

Annual Fee

₹0

Net Value

+₹6000

✅ 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
  • › Individuals without a salary slip who need an FD-backed card

👎 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

Yes, the Bank of India RuPay SwaDhan Platinum Credit Card has no joining fee and no annual fee, making it a lifetime free card.

Each StarPoint earned is worth ₹0.25. Points can be redeemed for vouchers, merchandise, and other services on the BOI Star Rewardz portal.

This is a secured credit card issued against a Bank of India Term Deposit Receipt (TDR). You must have a fixed deposit with the bank to be eligible.

No, this credit card does not come with complimentary airport lounge access benefits.

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