ICAI Exclusive BOBCARD Credit Card

The ICAI Exclusive BOBCARD Credit Card is a lifetime-free credit card offered by BOBCARD — tailored exclusively for members of the Institute of Chartered Accountants of India (ICAI). It offers accelerated rewards on everyday spends, complimentary lounge access, insurance benefits and added perks like complimentary Fitpass membership, making it a value-oriented choice for ICAI professionals.

ICAI Exclusive BOBCARD Credit Card

Joining Fees	Lifetime Free
Annual Fees	Lifetime Free
Card Type	Rewards
Network Type	Rupay

Rewards & Benifits

5X Rewards: 5 Reward Points per ₹100 spent on dining, online & utility bills (capped at 1000 RPs per statement cycle)
1 Reward Point per ₹100 on all other spends
Mileage rewards: 500 Reward Points on spends of ₹5,000 within first 60 days; 4,000 Reward Points every quarter on spends above ₹1,00,000 (or card limit, whichever is higher)
Redeem accumulated reward points as cashback at rate: 1 RP = ₹0.25
Fuel surcharge waiver of 1% on fuel transactions of ₹400–₹5,000 (max ₹250 per stat

Fees & Charges

Joining Fee: ₹0
Annual Fee: ₹0
Fuel surcharge waiver applies but no reward points earned on fuel transactions
Foreign currency mark-up fee: 2% on international spends

Card Details

Designed exclusively for active ICAI members (professionals)
Eligibility: Resident of India; Age 21–75 years for salaried & self-employed
Application process: Online application via Aadhaar e-sign + Video KYC or via Bank of Baroda branch
Documentation: PAN card, ICAI Membership card, KYC documents, salary slip / ITR as applicable
Smart EMI facility, add-on cards, contactless payments supported
Lounge access and other benefits subject to spend thresholds as per terms

Pros & Cons

No joining or annual fee — truly lifetime free.
High reward rates (5X) on dining, online & utility spends.
Free airport lounge access (12 per year) — good for frequent travellers.
Welcome bonus and quarterly milestone rewards — adds extra value.
Fuel surcharge waiver and Smart EMI option increase flexibility.
Insurance covers (professional indemnity, accidental death) — useful for ICAI professionals.
Up to 3 free add-on cards — convenient for family members.

5X rewards capped — only first 1000 RPs per cycle get accelerated rate.
No rewards on fuel transactions (despite surcharge waiver).
Lounge access requires minimum quarterly spend — may be restrictive for some.
Foreign spends incur 2% forex mark-up fee.

ELIGIBILITY CRITERIA

Must be a resident of India.
Must be an active member of ICAI.
Age for salaried or self-employed applicants: 21 to 75 years.
For salaried: Net annual income at least ₹3 lakhs.
For self-employed: Annual ITR at least ₹3 lakhs.

WELCOME BENEFITS

Complimentary 6-month Fitpass Pro membership (worth ₹15,000).
500 Reward Points if you spend ₹5,000 or more within the first 60 days of card issuance.

CARD REVIEW
The ICAI Exclusive BOBCARD is an excellent fit for ICAI professionals who want a no-cost credit card with meaningful rewards and perks. With zero joining and annual fees, the card offers strong value for money — especially if you spend regularly on dining, utilities, and online shopping and can take advantage of lounge access and milestone bonuses. The fuel surcharge waiver, EMI option and free add-on cards add flexibility. However, limitations like capped 5X rewards, no rewards on fuel purchases, and spend thresholds for lounge access may reduce appeal for users with low or irregular spends or frequent international transactions.

Platform

Platform Overview

Skara Financial Services

Personal Loan

Home Loan

Business Loan

Vehicle Loan

ICAI Exclusive BOBCARD Credit Card