Today Amazon and Flipkart are the twin icons of e-commerce. But, not so long back we had many more online portals to shop from. One of them was Snapdeal which is still operational but is not the preferred choice for many. This is why it was surprising to see the Bank of Baroda launch a co-branded card with Snapdeal in 2022! But, leaving aside the Snapdeal name the card is a pretty decent entry-level card. Here is a review of the Snapdeal Bank of Baroda credit card.
Fees and Charges
|Joining and Annual Fee||Rs 249+GST|
|Welcome Benefit||Rs 500 Snapdeal GV|
|Annual Fee Waiver||None|
There should have been some criteria to waive the annual fee. Entry-level cards should be LTF or have some spending target to get the annual fee waived.
- Snapdeal spends: 20 RP/Rs 100 ~5% Return
- Online Shopping, Groceries, and Departmental Stores: 10 RP/Rs 100 ~2.5% Return
- All Other Spends: 4 RP/Rs 100 ~1% Return
- UPI Spends: 4 RP/Rs 100 ~1% Return up to Rs 125 per statement cycle
The accelerated 10 RP in the second category above is capped at 2000 RP per statement. This means we can spend up to Rs 20,000 on utilities, groceries, and dept. stores per month to hit these caps.
Each reward point is equal to 25 paise and is auto-credited as cashback to the statement. This is one of the best benefits of this card. There is no restriction that we need to redeem the rewards for vouchers. Statement credit is always better and makes more sense than those options for entry-level cards.
Fuel Surcharge Waiver
- 1% fuel surcharge waiver up to Rs 250 per month for transactions between Rs 400 to Rs 5000
Leaving the Snapdeal rewards, this is a decent entry-level card with a 1% to 2.5% return on spending. This is also a good fit for a Rupay credit card that you can also use for UPI transactions in the future. The one downside is you need to pay the fee of Rs 249 plus taxes every year for this card. This impacts the total return on the card.
Another drawback of this card is BoB customer support. It is non-existent when we will need it the most.