Credit cards today are not just for payments—they also offer rewards, travel benefits, and lifestyle perks. One such premium credit card in India is the BOB Eterna Credit Card offered by Bank of Baroda.
If you are a beginner and want to understand this card in simple terms, this guide will help you. We will cover everything—features, benefits, charges, eligibility, pros & cons, and smart usage tips.
What is BOB Eterna Credit Card?
The BOB Eterna Credit Card is a premium lifestyle credit card designed for people who spend regularly on:
- Dining
- Travel
- Online shopping
- Entertainment
👉 It offers reward points, lounge access, and exclusive discounts.
This card is best suited for:
- Salaried professionals
- Business owners
- Frequent travelers
How Does It Work?
The working of this card is simple:
- You apply for the card through Bank of Baroda
- Bank approves your application based on income and credit score
- You receive the card with a credit limit
- You use it for payments (online/offline)
- You repay the bill every month
Key Concept:
- If you pay the full bill on time → No interest
- If you miss payment → High interest is charged
Key Benefits of BOB Eterna Credit Card
- Reward Points System
- Earn reward points on every transaction
- Higher rewards on:
- Dining
- Travel
- International spending
👉 Points can be redeemed for:
- Shopping vouchers
- Travel bookings
- Gift items
- Airport Lounge Access
- Complimentary domestic and international lounge access
- Great for frequent travelers
- Dining & Lifestyle Offers
- Discounts at restaurants
- Movie and entertainment offers
- Exclusive lifestyle deals
- Travel Benefits
- Fuel surcharge waiver
- Travel insurance (in some cases)
- Discounts on bookings
- Contactless & Secure Payments
- Tap-and-pay feature
- OTP-based secure transactions
Fees and Charges
Here are the typical charges:
| Type of Charge | Amount |
| Joining Fee | ₹2,499 + GST |
| Annual Fee | ₹2,499 + GST |
| Interest Rate | 30%–40% yearly |
| Late Payment Fee | ₹100 – ₹1,300 |
| Cash Withdrawal Fee | 2.5%–3% |
💡 Fee Waiver Tip:
Annual fee may be waived if you spend a certain amount in a year.
Eligibility Criteria
To apply for BOB Eterna Credit Card:
- Age: 21–65 years
- Indian resident
- Good credit score (700+)
- Stable income (higher income preferred)
👉 This is a premium card, so approval is stricter than basic cards.
Required Documents
You need:
- Aadhaar Card
- PAN Card
- Income proof (salary slip / ITR)
- Bank statement (last 3–6 months)
- Passport-size photo
Pros and Cons
✅ Pros
- Premium lifestyle benefits
- Good reward points system
- Airport lounge access
- Dining and travel discounts
- Strong bank backing (Bank of Baroda)
❌ Cons
- High annual fee
- Not ideal for beginners with low income
- High interest if payment missed
- Rewards may have conditions
Common Mistakes to Avoid
❌ 1. Ignoring Annual Fee
Many users forget the ₹2,499 fee.
👉 Always check if you can meet spending for waiver.
❌ 2. Not Using Benefits
If you don’t use:
- Lounge access
- Dining offers
👉 You lose the real value of the card.
❌ 3. Paying Minimum Amount Only
This leads to:
👉 Heavy interest charges
❌ 4. Overspending for Rewards
Spending just to earn points is a mistake.
Useful Tips
✔ Use the card for regular expenses only
✔ Always pay full bill on time
✔ Track reward points and redeem them
✔ Use lounge access when traveling
✔ Keep credit utilization below 30%
✔ Check annual fee waiver conditions
Real-Life Examples
Example 1: Smart User
Neha travels frequently for work:
- Uses lounge access → saves ₹800 per visit
- Spends ₹5 lakh/year → gets annual fee waived
- Earns reward points
👉 Result:
- Saves money
- Enjoys premium benefits
Example 2: Wrong Usage
Amit takes the card but:
- Rarely travels
- Doesn’t use dining offers
- Pays annual fee ₹2,499
👉 Result:
- No real benefit
- Wasted money
FAQs
Q1. Is BOB Eterna Credit Card good for beginners?
Not ideal. It is better for experienced users with higher income.
Q2. What is the annual fee?
₹2,499 + GST (may be waived on high spending).
Q3. Does it offer lounge access?
Yes, both domestic and international.
Q4. What credit score is required?
700+ is recommended.
Q5. Can I get cashback?
Mostly reward points instead of direct cashback.
Conclusion
The BOB Eterna Credit Card is a premium credit card offered by Bank of Baroda, designed for people who want lifestyle, travel, and dining benefits.
👉 It is best for:
- Frequent travelers
- High spenders
- Professionals
👉 It is not ideal for:
- Beginners with low income
- People who don’t use premium features
Final Advice
If you can fully use its benefits and manage payments responsibly, this card can give excellent value. Otherwise, a basic cashback card may be a better choice.