I recently got charged a finance charge on my bank of baroda credit card. Can i avail a waiver for the same?
To avoid levying of Financial Charge:
1. Total Billed Amount to be paid within the Due Date
2. Repayment of the Card due to be done few days prior to the Payment Due Date
3. Repay the card due through the payment options suggested by BOBCARD. To know more on the suggested payment options click Credit Card Payment - Pay Credit Card Bills Online, Bill Desk, UPI, APP Website - BOBCARD
Finance charges on your Bank of Baroda credit card are applied when you carry forward an outstanding balance or make cash withdrawals. These charges are usually not waived since they are part of the interest cost. However, if it is your first time and you have a good repayment track record, you can try requesting a one time waiver by calling 1800 103 1006 or writing to [email protected]. The bank may consider it as a goodwill gesture. Going forward, paying the full outstanding before the due date is the only way to avoid finance charges. You can also see the interest rate details on the BOB Financial website.