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BOBCARD ICAI Exclusive Credit Card

✍️ Fact-checked by Parash Editorial • 🔄 Updated April 2026
Bank of Baroda Visa Mid

Annual Fee

₹0

Base Rate

1.0%

Reward Type

Points

Overview

The BOBCARD ICAI Exclusive Credit Card is a Mid credit card issued by Bank of Baroda on the Visa network. It offers a base reward rate of 1.0% on all spends, with rewards issued as Points(1 pt = ₹0.25).

Annual Fee: Lifetime Free
Eligibility: Must be an ICAI member. Min income ₹3.6L (salaried) or ₹3L (self-employed). CIBIL 700+.

Reward Rates & Cashback Rules

  • CATEGORY – Dining: 5.0% cashback | monthly cap ₹250.0 ⚠️ Cap of 1000 points is shared across Dining, Online, and Utility spends.
  • ALL_ONLINE: 5.0% cashback | monthly cap ₹250.0 ⚠️ Cap of 1000 points is shared across Dining, Online, and Utility spends.
  • CATEGORY – Utilities: 5.0% cashback | monthly cap ₹250.0 ⚠️ Cap of 1000 points is shared across Dining, Online, and Utility spends.
  • CATEGORY – Telecom: 1.0% cashback
  • CATEGORY – Fuel: 0.0% cashback ⚠️ Fuel transactions are not eligible for reward points.
  • CATEGORY – Rent: 0.0% cashback
  • CATEGORY – Wallet Load: 0.0% cashback
  • CATEGORY – EMI: 0.0% cashback

Key Features & Benefits

  • Welcome Benefit - FitPass Pro 🎁: Complimentary 6-month FitPass Pro membership worth ₹15,000.
  • Welcome Benefit - Bonus Points 🎁: 500 bonus reward points on spending ₹5,000 or more within 60 days of card issuance.
  • Domestic Lounge Access ✈️: 12 complimentary domestic airport lounge visits per year (3 per quarter), subject to a minimum spend of ₹40,000 in the preceding quarter.
  • Quarterly Milestone Benefit 🏆: 4,000 bonus Reward Points every quarter for spending over ₹1,00,000 or the credit limit (whichever is higher).
  • Insurance Coverage 🛡️: Includes Professional Indemnity Insurance cover of ₹5 lakhs, Air Accident cover of ₹15 lakhs, and Non-Air Accident cover of ₹5 lakhs.
  • Fuel Surcharge Waiver ⛽: 1% waiver on fuel transactions between ₹400 and ₹5,000, capped at ₹250 per statement cycle.

Eligibility Criteria

Must be an ICAI member. Min income ₹3.6L (salaried) or ₹3L (self-employed). CIBIL 700+.

Features & Benefits

🎁

Welcome Benefit - FitPass Pro

Complimentary 6-month FitPass Pro membership worth ₹15,000.

🎁

Welcome Benefit - Bonus Points

500 bonus reward points on spending ₹5,000 or more within 60 days of card issuance.

✈️

Domestic Lounge Access

12 complimentary domestic airport lounge visits per year (3 per quarter), subject to a minimum spend of ₹40,000 in the preceding quarter.

🏆

Quarterly Milestone Benefit

4,000 bonus Reward Points every quarter for spending over ₹1,00,000 or the credit limit (whichever is higher).

🛡️

Insurance Coverage

Includes Professional Indemnity Insurance cover of ₹5 lakhs, Air Accident cover of ₹15 lakhs, and Non-Air Accident cover of ₹5 lakhs.

⛽

Fuel Surcharge Waiver

1% waiver on fuel transactions between ₹400 and ₹5,000, capped at ₹250 per statement cycle.

Cashback Engine Rules

The exact calculator logic parameters extracted from the terms & conditions.

Dining
Reward: 5.0% Monthly Cap: ₹250.0
⚠️ Exceptions: Cap of 1000 points is shared across Dining, Online, and Utility spends.
5%
All Online Spends
Reward: 5.0% Monthly Cap: ₹250.0
⚠️ Exceptions: Cap of 1000 points is shared across Dining, Online, and Utility spends.
5%
Utilities
Reward: 5.0% Monthly Cap: ₹250.0
⚠️ Exceptions: Cap of 1000 points is shared across Dining, Online, and Utility spends.
5%
Telecom
Reward: 1.0%
1%
Fuel Exclusion
⚠️ Exceptions: Fuel transactions are not eligible for reward points.
Rent Exclusion
Wallet Load Exclusion
EMI Exclusion

Value Chart

Assuming basic spends for BOBCARD ICAI Exclusive Credit Card

Category BOBCARD ICAI Exclusive Credit Card Axis Bank Privilege Credit Card Samsung Axis Bank Signature Credit Card Vistara Axis Bank Credit Card
₹
Joining Fee 		₹0 ₹0 ₹0 ₹0
₹
Annual Fee 		₹0 ₹1500 ₹500 ₹0
🌍
Forex Markup 		3.5% 3.5% 3.5% 3.5%
%
Base Rate 		1.0% 5.0% 5.0% 1.0%
★
Known Rules 		8 rules 7 rules 10 rules 9 rules

Pros & Cons

✓

Pros

  • + Dining — 5.0% Points (cap ₹250.0)
  • + All Spends — 5.0% Points (cap ₹250.0)
  • + Utilities — 5.0% Points (cap ₹250.0)
  • + Telecom — 1.0% Points
  • + Welcome Benefit - FitPass Pro
  • + Welcome Benefit - Bonus Points
  • + Domestic Lounge Access
  • + Quarterly Milestone Benefit
✗

Cons

  • − No reward on Fuel — Fuel transactions are not eligible for reward points.
  • − No reward on Rent
  • − No reward on Wallet Load
  • − No reward on EMI
  • −Forex markup of 3.5% on international spends
  • −Relatively low base reward rate of 1.0%

Our Verdict

₹ Real Value Calculation (assumed ₹3L/year spend)

Est. Annual Rewards

₹3000

Annual Fee

₹0

Net Value

+₹3000

✅ At ₹3L/year spend, base rewards alone cover the fee. Additional benefits like lounge access add further value.

👍 Best For

  • › Regular earners with ₹50k–₹1.5L monthly spends
  • › Those seeking a balance of rewards and moderate fees

👎 Not Worth It If…

  • › You spend heavily in foreign currency — 3.5% markup adds up fast
  • › You rarely use premium benefits like lounges or concierge
  • › You prefer a no-annual-fee card with simpler terms

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Frequently Asked

You earn 5 Reward Points per ₹100 on Dining, Online, and Utility spends (up to 1,000 points per month), and 1 Reward Point per ₹100 on all other categories. 1 Reward Point is equal to ₹0.25.

Yes, this card has no joining fee and no annual fee, making it a lifetime-free credit card for eligible ICAI members.

The card offers 12 free domestic airport lounge visits per year, capped at 3 per quarter. This benefit is contingent on spending at least ₹40,000 in the previous quarter.

No, fuel transactions do not earn any reward points. However, the card offers a 1% fuel surcharge waiver on transactions between ₹400 and ₹5,000, capped at ₹250 per month.

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