All BOB Credit Cards devaluation alert

[TechnoFinoTechnoFino is verified member.]

Effective from 15th November, 2022 BOB Financial going to change its reward system for all bob credit cards.
You'll earn 50% less reward for all spends done on special categories.



MCC codes of all special categories are listed below-


Major categories that are excluded-
Rent, utility bill payment, educational fees payment, government fees payment, insurance, supermarket etc.
This is really horrible!

 

[ashwinsid]

Damn i was about to apply for Eterna tomorrow . Staying away from all BOB now.

If you remember any grandparents telling how difficult it was to get a landline telephone in the 90s, that once you applied you had to wait years to get a connection.... same experience with BOB cards. Do not apply.

 

[adarsh00]

As with my credit card kundli, got BOB Eterna Approval SMS yesterday and then same day all this devaluation etc. Although I am not behind reward rate etc, this devaluation doesnt make sense.

Wondering if I should just do the 25K transaction for joining fee waiver and close the card after 10 months?

I read somewhere if I do not activate it for 30 days it is automatically closed? Am scared to deal with Bank of Baroda in this aspect whether they will just bill the joining fees in 1st statement...

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I don't think that they can charge a joining fee if you close it without using it. If they charge you can easily file a complaint with RBI.

 

[anish1516]

I recieved my BOB eterna today. Upgraded from LTF premier. Is it possible to get some other BOB card LTF and then close this card?

I also got BOB Premier LTF recently. How to upgrade to Eterna LTF?

 

[Vishnu]

Only field verification is left for my bob premier credit card. I already have an axis ace credit card. So isnt premier card virtually useless right now. The card is LTF, still should i go for it or cancel it, I already have 7 credit cards.

 

[Slayer]

Only field verification is left for my bob premier credit card. I already have an axis ace credit card. So isnt premier card virtually useless right now. The card is LTF, still should i go for it or cancel it, I already have 7 credit cards.

Keep it as it's LTF

There are decent bob offers on amzn for groceries and paying bills

 

[Vishnu]

Keep it as it's LTF

There are decent bob offers on amzn for groceries and paying bills

Thanks, will keep it, this would also be my first bob card.

 

[RAJAT1]

Does anyone know in which statement annual fee for eterna is charged. I am asking since after this devaluation I dont want to pay fee for eterna and want it ltf only. My first statement got generated last month and fee was not charged in 1st statement. Hence, I am thinking it might be possible that it is LTF for me as I had requested them on email once.

 

[PavanPavan is verified member.]

Does anyone know in which statement annual fee for eterna is charged. I am asking since after this devaluation I dont want to pay fee for eterna and want it ltf only. My first statement got generated last month and fee was not charged in 1st statement. Hence, I am thinking it might be possible that it is LTF for me as I had requested them on email once.

As per website it is first month only..but for safety please write email and get it in writing

 

[Revitup]

Does anyone know in which statement annual fee for eterna is charged. I am asking since after this devaluation I dont want to pay fee for eterna and want it ltf only. My first statement got generated last month and fee was not charged in 1st statement. Hence, I am thinking it might be possible that it is LTF for me as I had requested them on email once.

I think i read its charged in the 3rd statement.

 

[alphadark7]

Wallet load is excluded. That route may be used still.

Are you sure, we will still get 3.75% for wallet reloads?

 

[Akshay9512]

As with my credit card kundli, got BOB Eterna Approval SMS yesterday and then same day all this devaluation etc. Although I am not behind reward rate etc, this devaluation doesnt make sense.

Wondering if I should just do the 25K transaction for joining fee waiver and close the card after 10 months?

I read somewhere if I do not activate it for 30 days it is automatically closed? Am scared to deal with Bank of Baroda in this aspect whether they will just bill the joining fees in 1st statement...

View attachment 5828

How many physical verification happened? Office address as well as staying address? Or just one? And other thing happend after you applied for the card?

 

[hks789]

Does anyone know in which statement annual fee for eterna is charged. I am asking since after this devaluation I dont want to pay fee for eterna and want it ltf only. My first statement got generated last month and fee was not charged in 1st statement. Hence, I am thinking it might be possible that it is LTF for me as I had requested them on email once.

If possible do 25k transaction within first 60 days and achieve the first year fee reversal.

 

[hks789]

How many physical verification happened? Office address as well as staying address? Or just one? And other thing happend after you applied for the card?

Number of verifications depends upon each person. I got mine last week without any physical verification.

 

[hks789]

I also got BOB Premier LTF recently. How to upgrade to Eterna LTF?

It's a long process(Lot of emails and 4-6 weeks). They also stopped LTF Eterna based on 30L ITR.
Since it is going to be devalued from Nov 15, 2022, there is no use in upgrading to Eterna

 

[Slayer]

It's a long process(Lot of emails and 4-6 weeks). They also stopped LTF Eterna based on 30L ITR.
Since it is going to be devalued from Nov 15, 2022, there is no use in upgrading to Eterna

Unlimited lounge access?? 🤔 🤔

 

[Slayer]

If possible do 25k transaction within first 60 days and achieve the first year fee reversal.

If someone is doing 25k in 60 days for fee reversal

Might as well spend 50k in that time period to get 10k points which is 2k rupis which is basically 4% valueback

 

[Rahul92]

Unlimited lounge access?? 🤔 🤔

Unless you basically live on airport , what's the point ? Every other card has lounge access now a days.

 

[Slayer]

Unless you basically live on airport , what's the point ? Every other card has lounge access now a days.

Yes my father, basically lives on the airport, two flights a week roughly

 

[AnkTechno]

Good that my BOB ETERNA application was fell through

 

[ashwinsid]

How many physical verification happened? Office address as well as staying address? Or just one? And other thing happend after you applied for the card?

Applied for the card online, after a week status said VKYC to be done on link sent by email. I had not got any link. Wrote to them EVERYWHERE. All reply was please check the link sent - I reply not received - same reply. After a month i get a mail saying since my details are already there in CKYC, I need not do VKYC. Then random day I get sms that card approved. Thats all.