Indian Navy VARUNAH Premium BOBCARD
The VARUNAH Premium variant for Indian Navy personnel and veterans: 15 reward points per ₹100 on online shopping, travel, dining and international spends (up to 2,500 points a statement cycle), 3 per ₹100 elsewhere, points worth ₹0.25 as cashback, a 2% forex markup and unlimited domestic lounge visits on ₹75,000 of quarterly spend; ₹2,499 a year, waived on ₹1.5 lakh of annual 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 designated sailors and officers of the Indian Navy and Indian Navy veterans.
Fees and charges
| Joining fee | ₹2,499 plus GST Product page |
|---|---|
| Annual fee | ₹2,499 plus GST Product page |
| Annual fee waiver | On ₹1,50,000 of spend in the year Product page |
| GST on fees | 18% |
| Foreign-currency markup | 2% of the transaction, plus GST MITC |
| The ₹2,499 joining fee is reversed on ₹25,000 of spend in the first 180 days (shown in the fourth statement); the ₹2,499 annual fee is reversed on ₹1.5 lakh of spend in each card anniversary year. | |
Rewards
Reward points, ₹0.25 each when redeemed as stated Product page.
| Spend | Earns | Cap |
|---|---|---|
| Online shopping, travel, dining and international spends (15 points per ₹100, up to 2,500 points a cycle) | 15 points per ₹100 Product page | up to 2,500 points a statement cycle Product page |
| Other eligible spends (3 points per ₹100) | 3 points per ₹100 Product page | no cap on record |
Accelerated points follow the online and international transaction flags and MCCs 5812 (restaurants) and 4722 (travel agencies); utility bills (MCC 4900) and UPI payments get only the core 3 points. 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: Unlimited domestic airport lounge visits — ₹75,000 of spend in the preceding calendar quarter (from 1 October 2026) 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 bonus reward points on ₹5,000 of spend in the first 60 days Product page
Also on this card
Quoted from BOBCARD; not counted in the net value.
- Personal accidental death cover of ₹1 crore (air) and ₹10 lakh (non-air, including sea) Product page
- Extra 12 points per ₹100 on flights and 30 per ₹100 on hotels booked through BOBCARD SmartDeal Terms
- 12-month Amazon Prime membership on ₹1 lakh of spend within 90 days of issue Product page
- 12-month FITPASS PRO membership as a welcome gift (cards issued from 1 August 2026) Product page
- 2% foreign currency markup Product page
Eligibility
- Age 18 or above Product page
- Age 70 or below 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
- an income criterion
- how an applicant is assigned the Premium, Plus or base VARUNAH variant
Where BOBCARD’s documents differ, and what is used
- Accelerated cap: the product page and the features terms (15 July 2026) give 2,500 points a statement cycle; the consolidated MITC (undated, posted October 2026) gives 5,000. The lower figure from the product page is used.
The quotes behind the figures
48 figures, each copied from an official BOBCARD document.
Show every quote and source
“Just ₹2499 as Joining & Annual Fees.”
“Goods & Services Tax 18%”
“Spend ₹1,50,000 in every card anniversary year and get your annual fee reversed***.”
“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 15 Reward Points per ₹100 on Travel, Online, Dining & International Spends.”
“*Please note that 5X Rewards are capped at 2,500 Reward Points on the mentioned categories per statement cycle.”
“Varunah Premium International transaction flag provided by Merchant Acquirer Dining - 5812 Travel - 4722 Online transaction flag provided by Merchant Acquirer 2500 Reward Points”
“Further spends in that statement cycle on these categories will earn Reward Points at the regular earn rate i.e 3 R.P for per ₹100.”
“Utility Transactions (MCC code 4900) are not eligible for Accelerated Reward Points.”
“3 Reward Points per ₹100 spent on any other category.”
“Varunah Premium 3 RP per ₹100”
“Eterna, & Eterna (FD Backed), Tiara, Varunah Premium 3 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”
“Varunah Premium ₹ 2,499 ₹ 25,000 in first 180 days”
“Varunah Premium ₹ 2,499 ₹ 1,50,000 in anniversary year”
“Spend ₹25,000 in the first 180 days and get your joining fee reversed***.”
“***First year fee reversal will reflect in the 4th bill statement from the card issuance month, provided no dues.”
“Please note that the benefits listed on this page apply exclusively to the VARUNAH Premium variant.”
“The Indian Navy VARUNAH BOBCARD offers three card variants: VARUNAH Premium, VARUNAH Plus, and VARUNAH.”
“UPI transactions do not qualify for bonus rewards.”
“**The GST component is not reversed.”
“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”
“Varunah Premium International transaction flag provided by Merchant Acquirer Dining - 5812 Travel - 4722 Online transaction flag provided by Merchant Acquirer 5000 Reward points”
“^Complimentary lounge access will subject to minimum spends of Rs 75,000 in the preceding calendar quarter.”
“Starting from 1st October 2026, customers holding Eterna, Eterna FD, Tiara or Varunah Premium credit card must spend 75,000 or more in the previous calendar quarter to qualify for unlimited domestic lounge access.”
“Varunah Premium Unlimited Rs. 75,000 in preceding calendar quarter”
“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.”
“This benefit is applicable only for cards issued on or after 1st August 2026.”
“Enhance your travel experiences with Unlimited Complimentary Access at 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).”
“500 bonus reward points on spends of ₹5,000 or more within 60 days of card issuance.”
“Get free Personal Accidental Death Cover to ensure financial protection of your family (Air: ₹1 Cr & Non-Air (includes Sea: ₹10 Lakhs).”
“Varunah Premium 12 points for every Rs.100 30 points for every Rs.100”
“* Milestone Reward : 12 Months Amazon Prime Membership on spending min. ₹1 Lakh within 90 days.”
“^^ Welcome Gift: Complimentary 12 Months FITPASS PRO Membership”
“Also, Save more with Reduced Forex mark-up of 2% on”
“Age: 18 to 70 years (Primary Cardholder).”
“Sail through waves of complimentary delights, privileges & rewards with VARUNAH Premium Apply Now”
“Designated Sailors & Officers of the Indian Navy & Indian Navy Veterans”
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