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BOBCARD ICSI Diamond Credit Card

BOBCARD ICSI Diamond 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 ICSI Diamond 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 active ICSI member. Salaried: Min. ₹3.6 lakh annual income. Self-employed: Min. ₹6 lakh annual income. CIBIL ≥ 750 recommended.


Reward Rates & Cashback Rules

  • CATEGORY – Dining: 5.0% cashback | monthly cap ₹250.0 ⚠️ Cap of 1,000 points (₹250) is shared across Dining, Online, and Utility spends per month. Spends beyond this limit earn 1 point per ₹100.
  • ALL_ONLINE: 5.0% cashback | monthly cap ₹250.0 ⚠️ Cap of 1,000 points (₹250) is shared across Dining, Online, and Utility spends per month. Spends beyond this limit earn 1 point per ₹100.
  • CATEGORY – Utilities: 5.0% cashback | monthly cap ₹250.0 ⚠️ Cap of 1,000 points (₹250) is shared across Dining, Online, and Utility spends per month. Spends beyond this limit earn 1 point per ₹100.
  • CATEGORY – Fuel: 0.0% cashback
  • CATEGORY – Rent: 0.0% cashback
  • CATEGORY – Wallet Load: 0.0% cashback
  • CATEGORY – Insurance: 0.0% cashback
  • CATEGORY – Education: 0.0% cashback
  • CATEGORY – Government: 0.0% cashback

Key Features & Benefits

  • Domestic Lounge Access ✈️: 12 complimentary domestic airport lounge visits per year (3 per quarter), subject to spending a minimum of ₹40,000 in the previous calendar quarter.
  • Fuel Surcharge Waiver ⛽: 1% fuel surcharge waiver on transactions between ₹400 and ₹5,000, with a maximum waiver of ₹250 per statement cycle.
  • Welcome Benefits 🎁: Complimentary 6-month FITPASS Pro membership and 1,000 bonus reward points on making a transaction within 30 days of card issuance.
  • Insurance Coverage 🛡️: Includes professional indemnity insurance cover of ₹5 lakhs, air accident death cover of ₹15 lakhs, and non-air accident death cover of ₹5 lakhs.
  • Monthly Bonus Rewards ⭐: Earn 999 bonus reward points by completing 5 transactions of ₹1,000 or more in a month.

Eligibility Criteria

Must be an active ICSI member. Salaried: Min. ₹3.6 lakh annual income. Self-employed: Min. ₹6 lakh annual income. CIBIL ≥ 750 recommended.

Features & Benefits

✈️

Domestic Lounge Access

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

⛽

Fuel Surcharge Waiver

1% fuel surcharge waiver on transactions between ₹400 and ₹5,000, with a maximum waiver of ₹250 per statement cycle.

🎁

Welcome Benefits

Complimentary 6-month FITPASS Pro membership and 1,000 bonus reward points on making a transaction within 30 days of card issuance.

🛡️

Insurance Coverage

Includes professional indemnity insurance cover of ₹5 lakhs, air accident death cover of ₹15 lakhs, and non-air accident death cover of ₹5 lakhs.

⭐

Monthly Bonus Rewards

Earn 999 bonus reward points by completing 5 transactions of ₹1,000 or more in a month.

Cashback Engine Rules

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

Dining
Reward: 5.0% Monthly Cap: ₹250.0
⚠️ Exceptions: Cap of 1,000 points (₹250) is shared across Dining, Online, and Utility spends per month. Spends beyond this limit earn 1 point per ₹100.
5%
All Online Spends
Reward: 5.0% Monthly Cap: ₹250.0
⚠️ Exceptions: Cap of 1,000 points (₹250) is shared across Dining, Online, and Utility spends per month. Spends beyond this limit earn 1 point per ₹100.
5%
Utilities
Reward: 5.0% Monthly Cap: ₹250.0
⚠️ Exceptions: Cap of 1,000 points (₹250) is shared across Dining, Online, and Utility spends per month. Spends beyond this limit earn 1 point per ₹100.
5%
Fuel Exclusion
Rent Exclusion
Wallet Load Exclusion
Insurance Exclusion
Education Exclusion
Government Exclusion

Value Chart

Assuming basic spends for BOBCARD ICSI Diamond Credit Card

Category BOBCARD ICSI Diamond 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
9 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)
  • + Domestic Lounge Access
  • + Fuel Surcharge Waiver
  • + Welcome Benefits
  • + Insurance Coverage
✗

Cons

  • − No reward on Fuel
  • − No reward on Rent
  • − No reward on Wallet Load
  • − No reward on Insurance
  • −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

Yes, this is a lifetime free credit card with no joining or annual fees.

Each reward point can be redeemed for ₹0.25.

You earn 5 points per ₹100 on Dining, Online, and Utility spends. The accelerated 5X points are capped at a total of 1,000 points (worth ₹250) per monthly statement cycle across these categories combined.

Yes, it offers 12 complimentary domestic lounge visits per year (3 per quarter), but this benefit is contingent on spending at least ₹40,000 in the previous calendar quarter.