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▾Bank of Baroda Assure Credit Card Review
Best for: CIBIL rebuilders or students who can place a ₹15K+ FD as collateral with Bank of Baroda.
- Lowest FD collateral in market (₹15K min)
- Y1 joining fee waived
- Builds CIBIL for new applicants
- RuPay variant for UPI
- FD continues earning 6.5-7% interest
- FD locked as lien
- Rewards lower than unsecured cards
- Limited upgrade paths in BOB
- PSU service speed below private banks
Fees & charges
| Item | Charge |
|---|---|
| Joining fee | ₹250 + GST (Y1 free) |
| Renewal fee | ₹250 + GST |
| Finance charge | 3.6% p.m. |
| Cash advance fee | 2.5% (min ₹500) |
| Forex markup | 3.5% |
| Late payment fee | Up to ₹1,300 |
Rewards structure
Base 3 RP per ₹100 (0.75% effective). Groceries and utilities earn 5 RP per ₹100. Redeem at ₹0.25 per point. Not a rewards card — purpose is credit-building.
Key benefits
- FD-backed guaranteed approval (₹15K min FD)
- Credit limit 85% of FD
- FD continues earning BOB FD interest (6.5-7%)
- Y1 fee waived, Y2 onwards ₹250
- 1% fuel surcharge waiver
Who the Bank of Baroda Assure is for
CIBIL rebuilders, students, homemakers. The ₹15K FD minimum is the lowest in the secured-card market — making it accessible for genuinely low-net-worth applicants. After 9-12 months of clean usage, upgrade to BOB Easy (unsecured LTF).
Final verdict
Best-in-class FD minimum among secured cards. If you need the lowest-cost entry to CIBIL building, this is it. Axis Insta Easy has ₹20K min; SBI UNNATI has ₹25K. BOB Assure beats both.
FAQ
What happens if I miss a payment?
BOB first attempts standard recovery. After 90 days default, the bank can encash the FD to recover dues — same as any secured-card default mechanism.
Can I upgrade Assure to Easy after credit-building?
Yes — after 12 months of clean usage, BOB typically approves upgrade to Easy (unsecured LTF). FD lien released on approval.
Is the FD lien reduced over time as I build credit?
No — FD lien stays at original amount while Assure is active. Only released on card closure or upgrade to unsecured.
Fees and features verified against the issuer's public website. Benefits may vary; always confirm current terms with the issuer before applying.