BOBCARD ICSI Diamond Credit Card

The BOBCARD ICSI Diamond Credit Card is a premium, no-fee credit card designed exclusively for members of Institute of Company Secretaries of India (ICSI). It offers a combination of accelerated reward points, travel perks including airport lounge access, and lifestyle benefits — making it suitable for ICSI professionals looking for a credit card with good rewards and zero fees.

BOBCARD ICSI Diamond Credit Card

Joining Fees	NIL
Annual Fees	LIFETIME FREE
Card Type	Cashback, Travel
Network Type	Rupay

Rewards & Benifits

5× Rewards (5 Reward Points per ₹100) on dining, online, and utility spends (capped at 1000 Reward Points per statement cycle)
1 Reward Point per ₹100 on all other spends
Redeem reward points as cashback at rate of ₹0.25 per reward point
12 complimentary domestic airport lounge accesses per year (3 per quarter)***
Fuel surcharge waiver: 1% surcharge waiver at fuel stations for transactions between ₹400–₹5,000 (Max ₹250 per statement cycle) — no reward points on fuel transactions
Milestone rewards: 500 Reward Points on spends ≥ ₹5,000 within 60 days of issuance; additional 3,999 Reward Points every quarter on spending > ₹1,00,000 or your card’s credit limit (whichever is higher)
Smart EMI option for purchases above ₹2,500 (6 to 48 months)
Up to 3 free add-on cards (for spouse, parents, siblings or adult kids)
In-built insurance cover: Professional indemnity insurance up to ₹5 lakhs, air accident death cover ₹15 lakhs, non-air accident death cover ₹5 lakhs
Zero liability on lost card (if reported immediately) and contactless payment enabled

Fees & Charges

Joining Fee: ₹0
Annual Fee: ₹0 (Lifetime Free)
Fuel surcharge waiver applicable; fuel transactions do not earn reward points
Reward program does not apply on select merchant MCCs and fuel transactions
Reward points cap on bonus category: 1000 reward points per cycle for 5× categories
Standard credit card charges such as cash advance fees, foreign currency mark-up, late payment etc. — as per BOBCARD general policy (details not specified on this page)

Card Details

Targeted exclusively at active members of ICSI (age 21–75 years, resident of India)
KYC, PAN card & ICSI membership card required to apply + income proof (salary slip or latest ITR for self-employed)
Application can be completed online via e-sign & video KYC
Primary card is lifetime free; add-on cards up to 3 free lifetime
Contactless chip-enabled payments supported

Pros & Cons

No joining fee or annual fee — truly lifetime free for eligible ICSI members
Generous reward structure with 5× on dining/online/utility and cashback redemption
Free airport lounge access (12 per year) adds travel value
Free add-on cards, smart EMI, insurance cover and fuel surcharge waiver add to overall value
Easy online application and contactless payments

Exclusive to ICSI members — not available to general public
Lounge access benefit now subject to minimum prior quarter spend (after Jan 2025)
No rewards on fuel spends, and bonus rewards capped per cycle
Other fees like cash advance, forex mark-up, late payment may apply (as per general BOBCARD policy)

ELIGIBILITY CRITERIA

Resident of India
Must be an eligible & active member of ICSI
Age between 21 to 75 years (salaried or self-employed)
KYC documents, PAN card copy, ICSI Membership Card copy, and income proof (latest salary slip or ITR) required

WELCOME BENEFITS

Complimentary 6-month Fitpass Pro Membership (worth ~₹15,000) on card issuance
Milestone reward: 500 Reward Points on spending ₹5,000 or more within 60 days of card issuance

CARD REVIEW
The BOBCARD ICSI Diamond Credit Card is a strong offering for ICSI professionals seeking a zero-fee, benefit-rich credit card that delivers good value on everyday expenses — particularly dining, online shopping, and utility bills. Its lounge access, add-on card flexibility, and additional perks like fuel surcharge waiver, insurance cover, and smart EMI conversions make it a comprehensive lifestyle card. The cashback structure and welcome benefits enhance value for frequent spenders. However, its exclusivity to ICSI members limits availability, and certain benefits (like lounge access) now come with spend conditions; fuel spends don’t earn rewards.

Platform

Platform Overview

Skara Financial Services

Personal Loan

Home Loan

Business Loan

Vehicle Loan

BOBCARD ICSI Diamond Credit Card