Applying for a credit card from Bank of Maharashtra might benefit you more than the simple idea of obtaining a credit line. You may win a Rs 3,000 gift card along with the credit card from the bank.
However, keep in mind that the Rs 3,000 gift card is only applicable to some brands and under specific circumstances. Find out more about those features in the next sections of this article.
If you reside in India, you have most likely read or heard about the credit card from the Bank of Maharashtra. Keep reading so that you’ll be up-to-date with everything regarding the Bank of Maharashtra’s credit card.
Features
The credit card from Bank of Maharashtra comes with some particular features for an Indian-based credit card. Here are the main aspects of this card.
- Welcome gift voucher up to Rs 3,000
- A reliable rewards system
- Spend rewards
- A solid airport lounge program
- The international lounge is available, too
- Renewal gift
- Fuel waiver
- Flexible payments
- Balance transfers via EMI
- Ticket-booking advantages
- International acceptance
Besides the before-mentioned features, the Bank of Maharashtra’s credit cards come with free registration, low fees, and more. The credit card is issued by the SBI Bank (State Bank of India).
That’s a well-known name in the industry, which ensures trust. With its monthly gifts, the credit card from Bank of Maharashtra is one of India’s best credit cards.
How to Apply
You can easily ask for more details by directly contacting SBI Bank. The application process is straightforward and doesn’t require much time. You will just have to introduce your data, and the bank will do the rest.
The verification process is fast and reliable. You can apply here, but you can also contact the issuer for more details.
How to Earn Your Rs 3,000 Gift Card
The credit card from Bank of Maharashtra comes in the following options.
- Shopping Card
- Rewards Card
- Travel Card
- Free Card
- Business Card
- Entertainment Card
You can select whichever card meets your requirements. The SBI bank has you covered. Every one of the before-mentioned categories comes up with an excellent rewards system so that you can always make some substantial savings.
Once you have been approved, you can access the Rs 3,000 gift card that you can use at brands like Bata & Hush Puppies, Pantaloons, Aditya Birla Fashion, Yatra, and Shoppers Stop.
Also, the credit card comes with a 10X spending reward, up to 5 lakhs each. Whenever you use your credit card from Bank of Maharashtra, you will be a part of the rewards system, meaning that you will enjoy cashback.
Who is Eligible
As usual, the eligibility is essential when applying for a credit card. The eligibility for the credit card from the Bank of Maharashtra is as follows.
- You should be between 23 and 60 years old
- Your monthly income must be above INR 18,000
- The interest-free period is up to 50 days
- ATM cash advance taxes are applicable, and they go as up as 3 percent of the withdrawn sum or INR 300
Fees and Interest
The credit card from Bank of Maharashtra comes with up to Rs 2,999 annual tax. Also, that’s the same amount that you have to pay for every renewal.
Finance charges of up to Rs 25 or 3.35 percent, which would mean 40.2% per year, are also applicable. A cash advance is also allowed but within the limit of 80 percent of the whole credit line and Rs 15,000 per day.
Bank Contact Info
The SBI Bank, the issuer of the credit card from Bank of Maharashtra, can be contacted as follows.
- SBI Cards and Payment Services Ltd — Unit 401 & 402, 04th Floor, Aggarwal Millennium Tower, E-1,2,3 Netaji Subhash Place, Wazirpur, New Delhi, 110034
- CIN — U65999DL1998PTC093849
- Tel — 0091-124-4589803,
- Fax — 0091-124-3987306
Summary
In conclusion, the credit card from Bank of Maharashtra is a rewards-based card that also comes with other features, such as a Rs 3,000 gift card. That gift is usable at specific physical or online stores, as mentioned above. The credit card is easy to access, so you will most likely find it an excellent solution.
Note: There are risks involved when applying for and using credit. Consult the bank’s terms and conditions page for more information.