BOB ICAI Credit Card Review

The BOB ICAI credit card is a specially curated credit card for chartered accountants. It is an entry-level credit card designed to offer some excellent returns in the form of reward points. This card also features professional indemnity and life insurance coverage protection to stand for you and your family in case of any unpleasant situations. This card is powered by MasterCard and it is a lifetime free credit card. More about the benefits are given below. 

ICAI BOB Credit Card Eligibility Criteria:

  • Resident Type: Indian
  • For salaried person:
    • Age: The age of the applicant should be between 18 to 60 years. 
    • Income: The average income of the applicant should be above Rs. 35,000 monthly. 
  • For self-employed person:
    • Age: The age of the applicant should be between 18 to 65 years. 
    • Income: Annual Income Tax Return should be greater than Rs. 3 lakh. 
  • A long relationship with the bank will help you to get this bob credit card. 
  • An excellent credit score (above 770) is needed to apply for this ca credit card.

 Required Documents To Apply For This BOB Lifetime Free Credit Card:

  • Photocopy of Address proof (any 1)
    • Last 6 months bank account Statement
    • Aadhar Card
    • Driving License
    • Passport
    • Utility bills
  • Photocopy of ID Proof (any 1)
    • Aadhar card
    • Voter Card
    • Passport
    • PAN Card
  • Two recent passport-sized photographs
  • Proof of income statement:
    • Salaried Person (any 1)
      • Salary Slip of last 3 months
      • ITR (Income Tax Return)
    • Self-employed person
      • Income tax return of the last year
      • Proof of business

As per new credit card rules, all new credit cards are delivered in an inactive state, and in order to start using these cards, you have to activate them manually, by generating a credit card PIN. You can find more about the bob credit card pin generation process from the 100xGain FAQ page.  

BOB Financial ICAI Credit Card Fees:

  • ICAI BOB Credit Card Joining Fee: None. 
  • ICAI BOB Credit Card Annual Fee: None. 

BOB ICAI Credit Card Benefits:

  • Accelerated rewards:

You will be rewarded for every transaction you made with this bob credit card, for each Rs. 100 transactions made on dining and utility bills with this card, you will get 5 reward points. You will also get 1 reward point for the same on all other categories. The value of 1 reward point is equal to Rs. 0.25. 

  • Free access to airport lounges:

This bob credit card offers you free access to domestic airport lounges. You will get a maximum of 12 free accesses (3 per quarter) to most of the domestic airport lounges. 

  • Freedom from fuel surcharge:

If you use this bob ca credit card to purchase fuel, you will get a 1% waiver on fuel surcharges. This feature is applicable at any fuel station in India and the transactions should be between Rs. 400 to Rs. 5,000. You can earn a maximum of Rs. 250 waiver in a bob credit card statement cycle. 

  • Premium lifestyle benefits:

This bob card offers a complimentary membership of the Fit Pass Pro program (worth Rs. 15,000). It is a one-time offer valid for the first year only.  

  • Extra benefits on milestone spending:

You can also earn some extra benefits from your card, on completing 5 transactions worth Rs. 1000 in a month; you will get 1000 bonus points. 

Also if you can spend more than your credit limit within a quarter, you will get 4,000 reward points. You can track your available credit card balance from the bob financial credit card app

  • Complimentary insurance coverage protection:

This bob icai credit card comes with complimentary insurance coverage protection; the details are given in the table below. 

Particulars Total coverage amount
Air accidental death Rs. 15 lakh
Coverage against other accidental deaths Rs. 5 lakh
Coverage against professional negligence Rs. 5 lakh
  • Lifetime free add on cards:

BOB allows you to add your loved ones with your bank of baroda icai credit card as add-on members so that they can also enjoy the benefits of having a credit card. You don’t need to pay any extra charges for add-on cards. 

  • Lost card liability coverage:

BOB offers a lost card liability coverage protection on this card. That means if your card gets lost or stolen, you just have to report the loss by calling the helpline number and you will no longer be liable for anything bad that may happen to your card. You can also temporarily block your card from the bob credit card online banking account. 

  • Easy EMI:

Using the EMI payment facility, you can split your high-value purchases into small monthly installments. 

  • Convenient bob financial credit card payment options:

You can pay bob card bill online from your net banking account, or by using any credit card payment app. You can also make your bob credit card bill payment offline via NEFT, Cheque, or from your nearby BOB branch. If you need the bob credit card ifsc code then you can find it here

  • Easy application process:

You can apply for the Bank of baroda icai credit card from the BOB online application page or by visiting your nearby BOB branch. Once your application is submitted successfully, you can track the bob icai credit card status from the BOB online bob credit card tracking page

  • Security of the advanced EMV chip card: 

This card comes with a built-in EMV chip, this chip uses a very strong encryption method to store your data, which makes your card nearly impossible to clone. 

If you notice something suspicious with your account, you should immediately report it by calling the bob credit card customer care number, you can also temporarily block your credit card account bro your bob credit card net banking account

BOB Credit Card Charges:

  • Credit card cash withdrawal charges: 2.5% against the withdrawn amount (min Rs. 500).
  • Finance Charges: The applicable credit card interest rate is 3.25% monthly or 39% annually. 
  • International credit card transaction charge: 2% against the transaction amount. 
  • BOB credit card add-on card fee: Free for a lifetime. 

BOB Credit Cards Customer Service Contact Details:

  • Call the bob credit card helpline number: 1800-233-6427 (Toll-free)
  • Write to the bob credit card customer care email id: [email protected] 

100xGain Ratings:

8.5/100

Final Opinion:

If you are a Charter Accountant and looking for a card that is specially designed for professionals like you, then this is the card you should take a look at. It packs some attractive perks like reward points on every transaction, fuel surcharge waiver, free access to domestic airport lounges, fuel surcharge waiver, lost card liability coverage, etc. 

So if you are looking for a cheap, semi-premium credit card for yourself then this special bob credit card for chartered accountants will be the best choice for you. Otherwise, if you can budget an annual fee of around Rs. 10,000 then I would recommend you take a look at the 100xGain top 10 premium credit card page

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