ICAI Exclusive BOBCARD
A card for ICAI members with no joining or annual fee: 5 reward points per ₹100 on online shopping, travel booked online and dining (up to 1,000 points a statement cycle), 1 per ₹100 elsewhere, points worth ₹0.25 as cashback, a 2% forex markup and 3 domestic lounge visits a quarter on ₹40,000 of quarterly spend. Every figure below is copied from BOBCARD’s own documents; open a figure’s source link to read it there. Official terms last checked 2026-10-16.
Only for members of the Institute of Chartered Accountants of India (ICAI).
Fees and charges
| Joining fee | Nil Product page |
|---|---|
| Annual fee | Nil Product page |
| Annual fee waiver | Not needed |
| GST on fees | 18% |
| Foreign-currency markup | 2% of the transaction, plus GST MITC |
| No joining or annual fee, per the product page and the MITC. | |
Rewards
Reward points, ₹0.25 each when redeemed as stated Product page.
| Spend | Earns | Cap |
|---|---|---|
| Online shopping, travel booked online and dining (5 points per ₹100, up to 1,000 points a cycle) | 5 points per ₹100 Product page | up to 1,000 points a statement cycle Product page |
| Other eligible spends (1 point per ₹100) | 1 point per ₹100 Product page | no cap on record |
BOBCARD gives the 5X rate on the online transaction flag and on MCCs 5812 (restaurants) and 4812/4899 (telecom equipment, cable and pay TV); utility bills on MCC 4900 (electricity, gas, water) are expressly not accelerated, so utility bills are left unrated although the product page says 5X on utility bills. UPI payments earn only the core 1 point. Online grocery and food delivery are left unrated because supermarket (5411) and fast-food (5814) merchant codes earn nothing. Points earn only on transactions of ₹100 or more, are valid for two years, and redeem as cashback from 1,000 points.
No rewards on
Benefits
- Lounges: 3 domestic airport lounge visits a quarter (12 a year) — ₹40,000 of spend in the preceding calendar quarter (waived in the quarter a new card is issued) Product page
- Fuel: 1% fuel surcharge waived on fills of ₹400 to ₹5,000, up to ₹250 a statement cycle (GST not reversed) Product page
- Welcome: 500 reward points on ₹5,000 of spend in the first 60 days MITC
- Milestone: 4,000 reward points each calendar quarter on spend above ₹1 lakh or the card's credit limit, whichever is higher Product page
Also on this card
Quoted from BOBCARD; not counted in the net value.
- Professional indemnity insurance up to ₹5 lakh, air accident death cover ₹15 lakh and non-air accident death cover ₹5 lakh Product page
- Extra 4 points per ₹100 on flights and 10 per ₹100 on hotels booked through BOBCARD SmartDeal Terms
- 12-month FITPASS PRO membership as a welcome gift (cards issued from 1 August 2026) Product page
- 2% foreign currency markup Product page
- Up to 3 lifetime-free add-on cards Product page
Eligibility
- Resident of India Product page
- Salaried or self-employed Product page
- Age 21 or above Product page
- Age 75 or below Product page
- Self-employed: income tax return of ₹3 lakh a year or more Product page
The issuer publishes only part of its criteria; approval rests on its own assessment.
Not published by BOBCARD in the documents read
- the card network
- a RuPay variant for UPI
- a single minimum income for salaried applicants (see disputes)
Where BOBCARD’s documents differ, and what is used
- Salaried income: the page's FAQ gives ₹3 lakh of net annual income; the full eligibility text behind the page's 'Read more' (in the page data, not in its readable text) gives ₹3.6 lakh for salaried Bank of Baroda customers and ₹3 lakh for self-employed. Only the agreed self-employed figure is used.
- Utility bills: the product page gives 5X on utility bills; the features terms (15 July 2026) limit the 5X utility rate to MCCs 4812 and 4899 and exclude MCC 4900, so utilities are left unrated.
The quotes behind the figures
47 figures, each copied from an official BOBCARD document.
Show every quote and source
“ZERO Joining & Annual Fees.”
“Goods & Services Tax 18%”
“Eterna, Tiara, Varunah Premium, ICAI, ICSI, CMA: 2% of transaction amount”
“All your accumulated reward points can be redeemed for cashback @ 1 reward point = ₹0.25”
“*Earn 5X Rewards i.e. 5 Reward Points per ₹100 spent on dining, online & utility bills.”
“*Please note that 5X Rewards are capped at 1000 Reward Points on the mentioned categories per statement cycle. Further spends in that statement cycle on these categories will earn Reward Points at the regular earn rate.”
“ICAI exclusive Online-Online transaction flag provided by Merchant Acquirer Dining - 5812 Utilities - 4812, 4899 1000 Reward points”
“Utility Transactions (MCC code 4900) are not eligible for Accelerated Reward Points.”
“1 Reward Point per ₹100 spent on all other categories”
“ICAI Exclusive 1 RP per ₹100”
“Business Empower, Corporate, ConQR, CMA One, ICAI, ICSI Diamond, RRB & Nainital bank, Varunah, Vikram and UJJIVAN-SFB Platinum 1 RP per 100”
“Fuel transactions don't accrue/ earn any reward points on any BOBCARD except HPCL Energie BOBCARD”
“Spends on special categories (MCC's) listed in annexure 1 won't qualify for accelerated or core reward points feature.”
“Table 2: Select list of MCC (Merchant Category Code) where Cardholder will not earn any Reward points/ Loyalty benefits.”
“Transportation (Passenger Transportation, Passenger Railways, Bus services, Toll and road and Bridge Fees and Transportation Services - Not Elsewhere Classified) Rent Cleaning and Maintenance, laundry, Personal services (Beauty parlour, barber, Legal and CIVIC services etc) Government Education Hospital Wallet”
“Supermarket and convenience store, Variety Stores, Retail Store Insurance Charity Fast food restaurants”
“CMA One ₹ 1 NIL ICSI Dimond NIL NIL ICAI Exclusive NIL NIL”
“CMA One NIL NIL ICSI Dimond NIL NIL ICAI Exclusive NIL NIL”
“The ICAI EXCLUSIVE BOBCARD Credit Card is an exclusive, lifetime-free credit card designed for members of The Institute of Chartered Accountants of India (ICAI).”
“UPI transactions do not qualify for bonus rewards.”
“Credit Card on UPI transactions are not eligible for Accelerated Reward Points /benefit.”
“Rewards Redemption Fees No Fee”
“Minimum reward points required for redemption against Card statement is 1000 Reward Points.”
“Reward Points will be accrued/earned for transaction where transaction amount is Rs.100 or higher i.e., transactions below Rs. 100 will not earn any Reward Points.”
“Reward Points are valid only for 2 years from the date of accumulation”
“All other credit cards: 1% of fuel transaction amount surcharge waived for fuel transactions between ₹400 to ₹5000 (subject to maximum of ₹250 per statement)”
“**The GST component is not reversed.”
“In the case of a newly issued card, the minimum spend criteria is waived for the Calendar quarter of card issuance for Lounge Utilisation.”
“Salaried Customers: ₹3 lakhs net annual income or above.”
“***Effective 1st Jan, 2025, Complimentary lounge access will subject to minimum spends of Rs 40,000 in the preceding calendar quarter.”
“ICAI Exclusive 3 per quarter Rs. 40,000 in preceding calendar quarter”
“ICAI Exclusive, CMA One 4,000 Reward Points every Calendar Quarter on spending greater than the assigned credit limit or above Rs 1 Lakh (whichever is higher)”
“This benefit is applicable only for cards issued on or after 1st August 2026.”
“Enhance your airport experiences with 12 complimentary access*** passes (3 per quarter) at a long list of partner domestic airport lounges.”
“1% fuel surcharge waiver** at all fuel stations across India on transactions between ₹400 and ₹5,000 (Max. ₹250 per statement cycle).”
“All other cards (except Uni, Scapia, Etihad, Ujjivan Small finance bank): 500 Reward points on spending Rs. 5000 in first 60 days of card issuance.”
“Earn 500 reward points on spend of ₹5,000 and above within 60 days of card issuance & an additional 4,000 reward points every quarter, on spending more than ₹1Lac or your card's credit limit.(whichever is higher)”
“Get free Professional Indemnity Insurance Cover of up to ₹5 Lakhs, Air accident death cover of ₹15 Lakhs and Non-air accident death cover of ₹5 Lakhs.”
“ICAI 4 points for every Rs.100 10 points for every Rs.100”
“^^Get a fit welcome gift and keep your health in check with a 12-months FITPASS PRO membership”
“Save on international spends with 2% Reduced Forex mark-up.”
“Get up to 3 lifetime free add-on cards for your spouse, parents, siblings or kids (above age 18).”
“Resident of India”
“Age: For Salaried & Self employed: 21 to 75 years”
“Self-employed Customers: ₹3 lakhs annual ITR or above”
“Experience unmatched benefits designed and tailored exclusively for ICAI members, with world-class privileges and delightful saving opportunities. Apply Now”
“All eligible & active members of ICAI”
Terms change, sometimes without notice. Read the issuer’s current terms before applying. CardWise has no affiliate arrangement with BOBCARD or any issuer. Issuer names and logos belong to their owners and are shown only to identify each card’s issuer; CardWise is not affiliated with any issuer. The logo is BOBCARD’s own file from its website, unaltered, fetched 2026-10-16. Methodology