Exclusive lifetime-free credit card designed specifically for Chartered Accountants with rewarding benefits
No joining or annual fees ever for ICAI members
1% fuel surcharge waiver on transactions between ₹400-₹5,000
Earn 2 reward points per ₹150 spent on all purchases
Enter your details to get started
| Benefit | Details |
|---|---|
| Exclusive for CA Members | Specially designed for members of the Institute of Chartered Accountants of India (ICAI), offering tailored benefits for the professional community. |
| Zero Annual Fees | Completely free for life with no joining or renewal charges, making it a cost-effective choice for ICAI members. |
| Fuel Surcharge Waiver | Save 1% on fuel surcharges at all petrol pumps across India on transactions ranging from ₹400 to ₹5,000 per transaction. |
| Welcome Gift | Receive 500 bonus reward points upon making your first retail transaction within 45 days of card activation. |
| Rewards Programme | Earn 2 reward points for every ₹150 spent on retail purchases, redeemable against a wide range of products and services. |
| Complimentary Insurance | Air accident insurance cover of up to ₹2 lakh and protection against fraudulent transactions with zero liability on lost card reporting. |
| Emergency Assistance | Access 24/7 customer support and emergency card replacement services whilst travelling domestically or internationally. |
| Add-on Cards | Issue complimentary add-on cards for family members at no additional cost. |
| Dining & Shopping Offers | Exclusive discounts and offers at partner restaurants, retail outlets, and e-commerce platforms. |
| Easy EMI Conversion | Convert high-value purchases into easy monthly instalments with flexible tenure options. |
| Attribute | Classification |
|---|---|
| Issuer / Provider | Bank of Baroda |
| Bank / Non-bank | Public Sector Bank |
| Category | Lifestyle / Professional Segment |
| Type of Card | Co-branded Credit Card (ICAI Partnership) |
| Free or Paid | Lifetime Free (Exclusively for ICAI Members) |
The Bank of Baroda ICAI Exclusive Credit Card is specifically designed for members of the Institute of Chartered Accountants of India, offering a no-frills, lifetime-free credit solution with practical benefits. This card is ideal for CA professionals seeking a cost-effective credit card without annual fee burdens whilst enjoying essential benefits like fuel surcharge waivers, reward points on everyday spends, and complimentary insurance coverage. With its straightforward rewards structure and exclusive eligibility for ICAI members, this card serves as a reliable financial tool for chartered accountants who value simplicity and savings over premium lifestyle perks.
Professional Recognition: The BOBCARD ICAI Exclusive Credit Card acknowledges the professional standing of Chartered Accountants by offering exclusive benefits tailored to their needs, with eligibility restricted solely to ICAI members.
True Lifetime Free: Unlike many "lifetime free" cards that require minimum spending thresholds, this card remains free throughout its lifetime with no hidden conditions, making it genuinely cost-free for cardholders.
Fuel Economy: The 1% fuel surcharge waiver on transactions between ₹400 and ₹5,000 provides tangible savings for regular commuters and professionals who frequently travel for client meetings or work.
Straightforward Rewards: The card offers a simple rewards structure with 2 points per ₹150 spent on all retail purchases, making it easy to understand and track your earnings without complex category multipliers.
Welcome Incentive: New cardholders receive 500 bonus reward points upon completing their first transaction within 45 days, providing an initial boost to your rewards balance.
Essential Insurance: Complimentary air accident insurance coverage of up to ₹2 lakh provides peace of mind whilst travelling for professional or personal commitments.
Family Coverage: Issue add-on cards for family members at no additional charge, extending the benefits to your loved ones whilst maintaining control over household spending.
Fraud Protection: Zero liability on fraudulent transactions after reporting card loss or theft ensures financial security and peace of mind.
Flexible Repayment: Convert high-value purchases into easy EMIs with flexible tenure options, helping manage cash flow during periods of significant expenses.
Digital Convenience: Access Bob World mobile app for instant card management, bill payments, reward redemption, and transaction tracking from anywhere.
Partner Offers: Enjoy exclusive discounts at partner merchants across dining, shopping, entertainment, and travel categories, enhancing value beyond the base rewards programme.
Emergency Support: 24/7 customer service helpline ensures assistance is available whenever needed, whether for transaction queries, card blocking, or general support.
Retail Spends: Earn 2 reward points for every ₹150 spent on all retail purchases made using the card.
Minimum Redemption: Minimum redemption threshold applies; specific point requirements depend on the redemption option selected.
Points Validity: Reward points typically remain valid for 3 years from the date of earning, allowing sufficient time for accumulation and redemption.
Accelerated Earning: No accelerated earning categories; all retail spends earn at the standard rate of 2 points per ₹150.
Reward Catalogue: Redeem points through the Bob Reward Catalogue for electronics, home appliances, lifestyle products, gift vouchers, and accessories.
Online Shopping: Use points for purchases at select e-commerce partners through the rewards portal.
Travel Bookings: Redeem points towards flight tickets, hotel bookings, and holiday packages through designated travel partners.
Bill Payments: Offset utility bills, mobile recharges, and other payments using accumulated reward points.
Statement Credit: Convert reward points into statement credit to reduce your outstanding balance.
Welcome Bonus: Receive 500 bonus reward points credited to your account upon completing the first retail transaction within 45 days of card activation.
No Annual Fees: Enjoy lifetime freedom from joining and annual fees with no spending requirements or renewal conditions.
Waiver Details: 1% fuel surcharge waived on fuel transactions at all petrol pumps across India.
Transaction Range: Applicable on transactions between ₹400 and ₹5,000 per transaction.
Monthly Cap: Maximum waiver benefit subject to bank policy; consult with Bank of Baroda for current limits.
Air Accident Cover: Complimentary air accident insurance coverage of up to ₹2 lakh for accidents occurring whilst travelling as a fare-paying passenger on commercial airlines.
Lost Card Liability: Zero liability protection on fraudulent transactions reported within the stipulated timeframe after card loss or theft.
Purchase Protection: Coverage terms for purchases made using the card as per bank policy.
Family Members: Issue complimentary add-on cards for spouse, children (above 18 years), and parents at no additional cost.
Shared Benefits: Add-on cardholders enjoy most primary card benefits including rewards earning, fuel surcharge waiver, and insurance coverage.
Spending Control: Primary cardholder maintains oversight of all add-on card transactions and spending limits.
Restaurant Discounts: Access exclusive discounts at partner restaurants across India through Bank of Baroda's dining programme.
Retail Offers: Special promotions and discounts at partner retail outlets, both online and offline.
E-commerce Benefits: Seasonal offers and cashback on purchases at select e-commerce platforms.
Entertainment: Preferential pricing on movie tickets, event bookings, and entertainment experiences.
Easy Instalments: Convert purchases above a specified amount into easy monthly instalments at attractive interest rates.
Flexible Tenure: Choose from multiple tenure options ranging from 3 to 24 months depending on the transaction amount.
Processing: EMI conversion can be requested through Bob World app, internet banking, or customer care.
Helpline Access: Round-the-clock customer service available for queries, complaints, card blocking, and emergency assistance.
Emergency Card Replacement: Request emergency card replacement whilst travelling, with expedited delivery options available.
Dispute Resolution: Dedicated support for resolving transaction disputes and unauthorised charge complaints.
Reward points are not earned on the following transaction categories:
Cash withdrawals and cash advances
EMI conversions and processing fees
Fuel purchases (though fuel surcharge waiver applies separately)
Wallet loads and reloads
Card fees and charges
Insurance premium payments
Jewellery and gold purchases
Government institution payments
Utility bill payments
Education fee payments
Reversals, refunds, and cancelled transactions
Note: The exclusion list may vary; please refer to the latest terms and conditions from Bank of Baroda.
Disclaimer: The card features, benefits, application process, and other details mentioned above are accurate at the time of writing but may change without prior notice.
| Fee Type | Amount | Details |
|---|---|---|
| Joining Fee | NIL | Completely free for ICAI members; no joining charges. |
| Annual Fee | NIL | Lifetime free with no renewal charges ever. |
| Add-on Card Fee | NIL | Complimentary add-on cards for family members. |
| Interest Rate (APR) | 3.20% per month (38.4% annually) | Applicable on outstanding balances after the due date. |
| Foreign Currency Markup | 3.5% + GST (~4.13%) | Charged on all foreign currency transactions. |
| Cash Withdrawal Fee | 2.5% of cash amount (Minimum ₹300) | Applicable on cash withdrawals from ATMs or banks. |
| Cash Advance Limit | As per credit limit | Maximum cash withdrawal permitted based on available limit. |
| Late Payment Fee | Up to ₹900 | Charged when minimum payment is not made by due date; varies based on outstanding amount. |
| Over-limit Penalty | 2.5% of over-limit amount (Minimum ₹500) | Charged when spending exceeds sanctioned credit limit. |
| Cheque Return/Dishonour Fee | ₹500 per instance | Charged when payment cheque bounces or auto-debit fails. |
| Fuel Surcharge | 1% waiver on ₹400-₹5,000 transactions | Transactions below ₹400 or above ₹5,000 attract standard fuel surcharge. |
| Reward Redemption Fee | As per reward catalogue | May vary based on redemption option selected. |
| Card Replacement Fee | ₹100 for damaged cards | Charged for reissuing damaged or mutilated cards; lost/stolen card replacement charges may vary. |
| Statement Request Fee | As per bank policy | Charged for requesting duplicate physical statements. |
| Criteria | Details |
|---|---|
ICAI Membership | Must be an active member of the Institute of Chartered Accountants of India (ICAI) with valid membership credentials. |
Age | Primary cardholder should be between 21 and 65 years of age. |
Citizenship | Must be a Resident of India. |
Credit Score | Good to excellent CIBIL score (ideally 700+) preferred for smooth approval. |
Income | Salaried or self-employed individuals with stable income; specific income thresholds as per bank policy. |
Banking Relationship | Existing Bank of Baroda customers may have expedited processing; new-to-bank applicants also welcome. |
| Document Type | Details |
|---|---|
| ICAI Membership Proof | Valid ICAI membership certificate or membership ID card showing active status. |
| Identity Proof | Any one of the following: Aadhaar Card, PAN Card, Passport, Driving Licence, Voter ID Card |
| Address/Residence Proof | Any one of the following: Aadhaar Card, Passport, Driving Licence, Voter ID Card, Recent Utility Bill (within 3 months), Rent Agreement |
| Income Proof | Latest salary slips (last 3 months) / Bank statements (last 6 months) / Form 16 / IT return copy (last 2 years) / Professional practice proof (for self-employed CAs) |
| PAN Card | Mandatory for credit card issuance as per RBI regulations. |
| Photograph | Recent passport-size photographs (2 copies). |
Step 1: Choose the ICAI Exclusive Card - Select the ICAI Exclusive Credit Card, which is offered exclusively to eligible ICAI members.
Step 2: Start the Application Process - Begin the application by opting to apply for this ICAI-specific credit card.
Step 3: Enter Personal and Professional Details - Fill in your basic details such as name, date of birth, contact information, ICAI membership number, employment status, and income details.
Step 4: Upload Required Documents - Submit clear copies of your ICAI membership certificate, PAN card, address proof (such as Aadhaar), income proof, and a recent photograph.
Step 5: Review and Submit the Application - Check all the details carefully to ensure accuracy before submitting the application.
Step 6: Verification by the Bank - Bank of Baroda will verify your ICAI membership, submitted documents, and credit profile. You may be contacted for additional verification if required.
Step 7: Approval and Card Dispatch - Once approved, the card will be dispatched to your registered address, usually within 7–10 working days.
| Usage Tips | Details |
|---|---|
Maximise Fuel Savings | Always use the card for fuel transactions between ₹400 and ₹5,000 to avail the 1% surcharge waiver benefit. |
Track Reward Points | Regularly monitor your reward points balance through Bob World app or internet banking to plan redemptions strategically. |
Complete First Transaction Early | Make your first retail purchase within 45 days of activation to unlock the 500 welcome bonus points. |
Use for Regular Spends | Utilise the card for everyday retail purchases to accumulate reward points steadily on groceries, dining, shopping, and entertainment. |
Issue Add-on Cards | Take advantage of complimentary add-on cards for family members to consolidate household spending and earn more rewards. |
Explore Partner Offers | Check the Bob World app regularly for exclusive dining, shopping, and entertainment offers from partner merchants. |
Convert Large Purchases to EMI | For high-value purchases, consider converting them into easy EMIs to manage cash flow better whilst avoiding interest on revolving credit. |
Pay in Full Monthly | Always clear your entire statement balance by the due date to avoid interest charges of 38.4% annually and maintain a healthy credit score. |
Set Up Auto-pay | Enable auto-debit for at least the minimum amount due to ensure you never miss a payment deadline. |
Monitor Transaction Alerts | Activate SMS and email alerts for all transactions to detect any unauthorised activity immediately. |
Redeem Points Before Expiry | Keep track of reward points validity (typically 3 years) and redeem them before expiry to avoid losing accumulated value. |
Avoid Cash Withdrawals | Refrain from using the card for cash withdrawals as they attract immediate interest and high fees. |
Stay Within Credit Limit | Monitor your spending to stay well within your sanctioned credit limit and avoid over-limit penalties. |
Report Lost Card Immediately | In case of card loss or theft, report it immediately to the 24/7 helpline to avail zero liability protection. |
Update Contact Details | Keep your mobile number and email address updated with the bank to receive important alerts and communications. |
The Bank of Baroda ICAI Exclusive Credit Card is designed for users who want to maximize their credit card benefits effectively.
Disclaimer: The information provided on this page has been gathered from various reliable sources and is intended solely for general informational purposes. As details may change over time, we do not guarantee the accuracy or completeness of the content. Users are advised to verify the information with official or relevant sources before making any decisions or taking action.
No comments yet. Be the first.