Bank of Baroda Credit Card Late Payment Charges

Last Updated : June 17, 2025, 3:40 p.m.

If you miss the due date for your Bank of Baroda (BoB) credit card payment, a late payment charge will be added to your account. This charge is applied when timely payment of even the minimum amount due is not done. In practice, BoB’s fee is fixed by your balance due bracket, and any balance outstanding also accumulates huge finance charges (Approximately 39–42% per annum). Carrying over a balance or skipping payments can therefore trigger both interest and penalty fees on your credit card, making timely Bank of Baroda credit card payments crucial for financial health. Paying late not only costs money but, as experts say, even a single missed payment can send warning signals to lenders and damage your CIBIL score . Let us now read in detail about Bank of Baroda credit card late payment charges.

BoB Late Payment Fees - Schedule

Bank of Baroda imposes a fixed late fee depending on the outstanding balance of your credit card. The BoB schedule is the same for all its cards, and it comes into play when you don’t pay the minimum due. The fees increase in tiers as the balance grows:

For example, a balance of ₹4,000 would incur a ₹750 late fee, whereas an outstanding above ₹50,000 triggers the maximum ₹1,300 charge. (No fee is charged if the balance is below ₹100.) In addition to this fee, any unpaid amount beyond the minimum also accrues interest at a high annual rate (around 41–42% p.a.). In short, missing even a partial payment means paying both interest and penalty on your next statement.

Bank of Baroda itself has revised fees on some card products. For instance, BoB’s OneCard (a co-branded credit card) increased its late fee range in 2024 from ₹100–1,200 up to ₹250–1,250. This highlights that fee schedules can change, so BoB cardholders should regularly check the latest terms.

Bank of Baroda Cash Advance (Cash Withdrawal) Charges

• Transaction fee: A cash withdrawal or cash advance attracts a charge of 2.50% of the amount withdrawn (Subject to a minimum of Rs. 500). This is applicable for each withdrawal, whether domestic or international

• Interest rate: Cash advances carry no interest-free period. Finance charges begin instantly at the card’s cash advance rate. For most BoB cards, this rate is 3.25%–3.49% per month (around 39.0%–41.9% p.a.), depending on card type. For instance, premium cards (Eterna, Varunah Premium, etc.) are charged 3.25%/month (39.00% p.a.), while other cards are charged 3.49%/month (41.88% p.a.). Cash advances are billed like purchases but with instant accrual of interest

• Withdrawal limit: The cash advance (ATM) limit is established by BoB and is usually a portion of the credit limit (Commonly up to about 40% of the total credit limit, though the bank can set a varied limit for each card). Always check your statement or call BoB to confirm your cash limit.

The table below summarizes cash advance fees and rates:

BOB Foreign Currency (Forex) Markup Fees

BoB levies a foreign‐transaction fee on all non‑INR transactions (international retail, international ATM, or online purchases in foreign currency). The markup fee varies by card variant. Key rates are:

Card / Category Forex mark-up fee (of transaction amount)

(For example, the BoB One metal card has a 1.0% forex fee and the Uni GoldX card has 0% forex fee. These are exceptions among digital/partner cards.)

Note: Foreign currency transactions also incur GST on these fees. (BoB’s Unnati cards do not permit international use.)

Other Common Charges

(“EMI conversion fee” refers to the one-time processing fee when converting an eligible purchase to Equated Monthly Instalments, currently 2% of the amount, min ₹100. Other routine charges like late‐payment fees are uniform across cards but vary by overdue amount and are detailed in statements.)

Each of the above charges is noted in BoB’s fee schedule and most are cited in the bank’s disclosures. (All fees are exclusive of GST, which is additional.)

Impact on Your CIBIL Score

Late payments can greatly impact your credit history and CIBIL score. TransUnion CIBIL—One of India’s four major credit bureaus—records any delays in repayments as late payments in your credit report. Even a short delay can hurt your score. A payment delay of just 15–30 days can drop your score by 50–100 points. In practice, BoB (Like other banks) may report you as delinquent if you are 30+ days overdue, which will then show up on your credit report. Repeated defaults or large overdue amounts will further damage your creditworthiness.

Maintaining a good CIBIL score (typically 750 or above for new card approval) requires on‑time payments. Carrying a high balance and missing due dates is a red flag – so it’s best to spend wisely to leave sufficient balance to ensure payment on time and boost your credit score. Timely Bank of Baroda credit card payments thus help you avoid late fees and protect your credit profile.

Avoiding Bank of Baroda Credit Card Late Payment Charges

• Set Up Auto-Pay or Reminders. Use BoB’s net-banking or mobile app to establish automatic payments for the minimum due (or full amount) every month. Alternatively, mark your calendar or use reminder apps to ensure that you do not default on the due date.
• Pay At Least the Minimum. Always ensure you pay at least the minimum amount due on or before the due date. Doing so helps you steer clear of late payment charges, although interest will continue to accrue on the remaining unpaid balance.
• Monitor Your Statements. Check your BoB card statements regularly and immediately address any unpaid balances. Keeping your outstanding low (Ideally under 30% of credit limit) also helps your credit utilization ratio.
• Use Multiple Payment Channels. BoB offers many payment options – net banking, UPI, mobile app, ATMs – so use whichever ensures your payment is posted before due.
• Contact BoB if Needed. In rare cases of financial hardship, you can reach out to BoB customer care. While banks rarely waive fees, explaining a genuine issue may sometimes get a one-time waiver. However, the best practice is prevention by paying on time.

By following these tips, you’ll avoid the hefty late payment charges on your Bank of Baroda credit cards and keep your credit score strong.

Comparison with Other Credit Card Issuers

All these schedules show a similar tiered approach: small dues incur a nominal fee (Often ₹100 or less), while very large dues can attract fees up to ₹1,200–₹1,300. In fact, The range (₹100–1,300) of Bank of Baroda credit card late payment charges is comparable to SBI’s range, slightly higher than ICICI/HDFC in the mid-tiers, and similar to Axis Bank at the top end. The key takeaway is that any late payment can lead to substantial fixed penalties, regardless of bank.

Conclusion

By understanding BoB’s late fee policy and its impact on your CIBIL score, you can take steps to avoid penalties. Regular, on-time Bank of Baroda credit card payments not only save you from Bank of Baroda credit card late payment charges but also keep your credit profile healthy. Do you want to avoid late fees and choose the correct card? Go to Wishfin and compare Bank of Baroda credit cards . Also, set up payment reminders.