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BOBCARD Vikram Credit Card

BOBCARD Vikram Credit Card

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

Annual Fee

₹0

Base Rate

1.0%

Reward Type

Points

Overview

The BOBCARD Vikram Credit Card is a Entry 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: Exclusively for Indian Defence, Paramilitary, and Police personnel. Age 18-60. CIBIL ≥ 750 recommended.

Reward Rates & Cashback Rules

  • CATEGORY – Grocery: 5.0% cashback | monthly cap ₹250.0 ⚠️ Cap of 1,000 Reward Points is shared across Groceries, Departmental Stores, and Movies. Post-cap, earns 1 point per ₹100.
  • CATEGORY – Departmental Stores: 5.0% cashback | monthly cap ₹250.0 ⚠️ Cap of 1,000 Reward Points is shared across Groceries, Departmental Stores, and Movies. Post-cap, earns 1 point per ₹100.
  • CATEGORY – Movies: 5.0% cashback | monthly cap ₹250.0 ⚠️ Cap of 1,000 Reward Points is shared across Groceries, Departmental Stores, and Movies. Post-cap, earns 1 point per ₹100.
  • CATEGORY – Fuel: 0.0% cashback ⚠️ No reward points on fuel transactions.
  • CATEGORY – Wallet Load: 0.0% cashback ⚠️ No reward points on wallet load transactions.
  • CATEGORY – Rent: 0.0% cashback ⚠️ No reward points on rent payments.
  • CATEGORY – Education: 0.0% cashback ⚠️ No reward points on educational institution payments.
  • CATEGORY – Government: 0.0% cashback ⚠️ No reward points on government service payments.
  • CATEGORY – Insurance: 0.0% cashback ⚠️ No reward points on insurance premium payments.
  • CATEGORY – Charity: 0.0% cashback ⚠️ No reward points on charitable donations.
  • CATEGORY – EMI: 0.0% cashback ⚠️ No reward points on EMI transactions.

Key Features & Benefits

  • Fuel Surcharge Waiver ⛽: 1% fuel surcharge waiver on transactions between ₹400 and ₹5,000, capped at ₹250 per statement cycle.
  • Welcome Benefit ⭐: Complimentary 3-month Disney+ Hotstar Super Plan subscription on activating the card within 30 days.
  • Insurance Cover 🛡️: Complimentary personal accidental death insurance cover of ₹20 lakhs (Air and Non-Air).
  • Free Add-on Cards 👨‍👩‍👧‍👦: Up to 3 lifetime free add-on cards for spouse, parents, siblings, or children above 18 years.

Eligibility Criteria

Exclusively for Indian Defence, Paramilitary, and Police personnel. Age 18-60. CIBIL ≥ 750 recommended.

Features & Benefits

⛽

Fuel Surcharge Waiver

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

⭐

Welcome Benefit

Complimentary 3-month Disney+ Hotstar Super Plan subscription on activating the card within 30 days.

🛡️

Insurance Cover

Complimentary personal accidental death insurance cover of ₹20 lakhs (Air and Non-Air).

👨‍👩‍👧‍👦

Free Add-on Cards

Up to 3 lifetime free add-on cards for spouse, parents, siblings, or children above 18 years.

Cashback Engine Rules

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

Grocery
Reward: 5.0% Monthly Cap: ₹250.0
⚠️ Exceptions: Cap of 1,000 Reward Points is shared across Groceries, Departmental Stores, and Movies. Post-cap, earns 1 point per ₹100.
5%
Departmental Stores
Reward: 5.0% Monthly Cap: ₹250.0
⚠️ Exceptions: Cap of 1,000 Reward Points is shared across Groceries, Departmental Stores, and Movies. Post-cap, earns 1 point per ₹100.
5%
Movies
Reward: 5.0% Monthly Cap: ₹250.0
⚠️ Exceptions: Cap of 1,000 Reward Points is shared across Groceries, Departmental Stores, and Movies. Post-cap, earns 1 point per ₹100.
5%
Fuel Exclusion
⚠️ Exceptions: No reward points on fuel transactions.
Wallet Load Exclusion
⚠️ Exceptions: No reward points on wallet load transactions.
Rent Exclusion
⚠️ Exceptions: No reward points on rent payments.
Education Exclusion
⚠️ Exceptions: No reward points on educational institution payments.
Government Exclusion
⚠️ Exceptions: No reward points on government service payments.
Insurance Exclusion
⚠️ Exceptions: No reward points on insurance premium payments.
Charity Exclusion
⚠️ Exceptions: No reward points on charitable donations.
EMI Exclusion
⚠️ Exceptions: No reward points on EMI transactions.

Value Chart

Assuming basic spends for BOBCARD Vikram Credit Card

Category BOBCARD Vikram Credit Card Axis Bank Airtel Credit Card Flipkart Axis Bank Credit Card Axis Bank ACE Credit Card
₹
Joining Fee 		₹0 ₹0 ₹0 ₹0
₹
Annual Fee 		₹0 ₹500 ₹500 ₹499
🌍
Forex Markup 		3.5% 3.5% 3.5% 3.5%
%
Base Rate 		1.0% 1.0% 1.0% 1.5%
★
Known Rules 		11 rules 13 rules 15 rules 12 rules

Pros & Cons

✓

Pros

  • + Grocery — 5.0% Points (cap ₹250.0)
  • + Departmental Stores — 5.0% Points (cap ₹250.0)
  • + Movies — 5.0% Points (cap ₹250.0)
  • + Fuel Surcharge Waiver
  • + Welcome Benefit
  • + Insurance Cover
  • + Free Add-on Cards
✗

Cons

  • − No reward on Fuel — No reward points on fuel transactions.
  • − No reward on Wallet Load — No reward points on wallet load transactions.
  • − No reward on Rent — No reward points on rent payments.
  • − No reward on Education — No reward points on educational institution payments.
  • −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

  • › First-time credit card users looking to build credit
  • › Low-to-medium spenders wanting simple cashback

👎 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

The BOBCARD Vikram is a lifetime-free credit card, meaning it has no joining fee and no annual fee for eligible personnel.

This card is exclusively available to personnel of the Indian Defence forces (Army, Navy, Air Force), Paramilitary forces, and select Police forces.

Each reward point earned on the BOBCARD Vikram card is equivalent to ₹0.25.

No, complimentary airport lounge access is not a feature of the BOBCARD Vikram credit card.

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