All You Need to Know About Bank of India Credit Card Interest Rate in 2026

Bio

Shreyansh Singh, an IIT Kanpur alumnus, has eight years of experience in the finance industry. He has spent 5 years at American Express developing mid to long-term strategies for multiple markets including US, Europe and India. Shreyansh currently leads Growth and Strategy initiatives at Pice.

19 Jan 26
6 mins

Shreyansh Singh

08 Mins
19-01-26

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Table of Contents

Bank of India Credit Card Interest Rate
Terms and Conditions Associated with Bank of India Credit Card Interest Rate
Charges Leviable on BOI Credit Card Usage
Other Service Charges Applicable
Who Is Eligible to Avail Bank of India Credit Card Interest Rate?
Conclusion

The Bank of India credit card interest rate starts at 1.70% per month on the outstanding balance when you pay the minimum due.
BOI offers up to 51 days of interest-free credit, helping cardholders manage short-term expenses efficiently.
Credit card bills above ₹5,000 can be converted into EMIs for up to 36 months under BOI’s EMI facility.
The balance transfer scheme allows shifting dues from other banks at competitive terms linked to the Bank of India credit card interest rate.
With low annual fees starting at ₹300 and transparent charges, BOI credit cards are cost-effective for regular usage.

Worried about burning a hole in your pocket with the high credit card interest rates? Don’t worry! BOI credit cards extend a range of benefits, including competitive Bank of India credit card interest rates and minimal annual fees, as low as ₹300! Unlock flexible repayment schedules and earn reward points that cater to your specific requirements.

Discover how you can make the most of your Bank of India credit card and positively transform your financial state!

Bank of India Credit Card Interest Rate

If a cardholder avails the revolving credit facility, they will be required to pay only 10% of the bill amount. The payment has to be completed on/before the established due date.

In this scenario, the cardholder shall be charged an interest of 1.70% each month, upon only the 90% balance which is outstanding. However, if so happens that the whole amount is overdue, the cardholder will be charged at 2.5% each month.

Terms and Conditions Associated with Bank of India Credit Card Interest Rate

BOI credit cards are available in multiple variants, including the India card, India Gold Card, International Card, International Gold Card and Platinum Privilege card. A major BOI credit card feature is that a maximum of 51 days is granted as the interest-free (grace) credit period.

Here are other terms and conditions associated with the BOI credit cards, which make them stand out as reliable funding options:

1. The EMI facility is Available

Cardholders are allowed to convert the billing into EMIs up to a maximum of 36 instalments. The transaction value must be ₹5,000 or above. This request shall be presented to the Card Products Department via the Branch. Recommendations will also be provided within 20 days of the purchase.

Note that withdrawals of cash are not included in the EMI facility. Only the transactions for goods/services-related purchases are qualified for EMI conversion. However, a cardholder may withdraw cash from any BOI branch/through an ATM.

2. Bank of India’s Scheme of Balance Transfer

A cardholder will be eligible to transfer any outstanding balance on their respective existing credit card from a different bank. This transfer to the BOI Credit Card is capped at a maximum of up to 75% of the spending limit. There is a minimum amount required to be eligible for unlocking this balance transfer scheme, which is:

₹5,000/- for India Card; and
₹10,000/- for other cards

A concession is granted for the premium of the Medi-Claim policy up to ₹5 lakh. This comes under the association with National Insurance Co. Ltd.

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Charges Leviable on BOI Credit Card Usage

Service Charges Applicable on Cash Advances:

At the Branch	2.50% minimum ₹50/-
At BOI Bank's ATM	2.00% minimum ₹50/-
At a Different Bank's ATM	2.50% minimum ₹75/-

It will be billed to the respective individuals automatically.

Fees Applicable for Enquiry of Balance:

At the Bank of India ATM	NIL
At a Different Bank's ATM	₹20/-

Other Service Charges Applicable

Upcountry Cheque Collection	Commission according to the latest Service Charges applicable
Cheque Return Fees	According to the latest Service Charges applicable
PIN replacement	₹50/- each time
Usage above the set spending limit	₹10 for each transaction
Retrieval of the Charge slip	₹100/- or the Actual fees, depending on which is higher
Duplicate bill copies (post 3 months)	₹50 for each quarter
Railway Ticket or Purchase of Petrol	Commission according to industry practice. Currently, it is 2.5% of the minimum transaction amount
Credit Card Replacement Issuance	For Customers, ₹200/- (Service Tax as applicable)

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Who Is Eligible to Avail Bank of India Credit Card Interest Rate?

The applicant has to be an individual of Indian origin.
The applicant's CIBIL score has to match the requirement of BOI; one should not have defaulted on payment of dues to BOI or any other bank.
One is required to have a steady source of income; this should be verifiable as per salary certificates or Income Tax returns.
A potential applicant is required to complete their KYC-related formalities.
Minors are not eligible.

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Conclusion

Bank of India credit cards extend to their users an array of benefits, like competitive interest rates and flexible repayment. In order to apply for your BOI credit card, all you have to do is submit a duly completed, signed application form to your preferred branch.

Make sure that your KYC documents are verified. Be aware of the various service charges which apply, including the cheque return charges, upcountry cheque collection commission, PIN replacement charges, etc. By keeping the terms and conditions in mind, including the Bank of India credit card interest rate, you shall be able to make informed financial decisions.