ICAI Exclusive BOBCARD Credit Card: All You Need to Know

In today's society, we use credit cards all the time and can't imagine what we'd do without them to facilitate our purchases, reward our spending, and make our lives easier! One such card designed for specific professional fraternity is the ICAI Exclusive BOBCARD Credit Card. Exclusively made for ICAI* members, brings a range of unique benefits, professional rewards and exclusive offers to help them live their life to the fullest.

In this detailed post, we are going to discuss about the features, benefits, key highlights of ICAI Exclusive BOBCARD Credit Card allowing ICAI members to make an informed choice about this credit card.

ICA Exclusive BOBCARD Credit Card Review

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The ICAI Exclusive credit card from BOI brings to the ICAI members an assortment of benefits.

The ICAI BOBCARD provides co-brand facility of credit card to the members of Institute of Chartered Accountants of India in association with Bank of Baroda. This is a card meant to provide customized financial products and service to meet Chartered Accountants (CA) needs and associate professions. The card's perks and rewards—including reward points, cashback and discounts—make it an asset for professionals who are often travelling.

Offer Details

This Card is Backed by Bank of Baroda, a trusted national bank. The only card that is dedicated for members of the Institute of Chartered Accountants of India. Common people believe in taking advantage of every bit of information and ticket to get them through their work in what they find problems about. Centering around improving CAs overall financial well-being, this card is the perfect financial advisor for those who want to handle their financials better and at the same time get rewarded for it.

4 Exclusive Projects of ICAI and BOBCARD Credit Card Characteristics

Let us look into some of the special features of the ICAI Exclusive BOBCARD Credit Card that ICAI members can consider:

Joining Fee and Annual Fee

ICAI Exclusive BOBCARD Credit Card has a nominal joining and annual fee, which is good for anyone seeking a cost-effective credit card that caters to professional needs. Though the exact charges may differ, there is an annual fee of between ₹499 and ₹999 plus GST.

A small annual charge, which is very nominal, makes it available to a majority of ICAI members, who can have access to the premium features of the card at an affordable cost.

Exclusive Rewards Program

The reward program is one of the most appealing highlights of the ICAI Exclusive BOBCARD Credit Card. The card gives you reward points with every purchase to spend on products, services, and discounts.

Purchase Based Reward Points

For every purchase done, reward points are awarded, and the quantum of points is subject to the type of purchase (e.g. online shopping, grocery spend, dining, etc). As a general rule, the users get 2 reward points on every ₹100 they spend in usual purchases but the number may vary for other categories such as dining or travel.

Redemption

The reward points collected can be redeemed via Bank of Baroda’s online website for various redemption options such as cashback, flight tickets, hotel bookings, gift vouchers, etc.

This one of its kind rewards programme guarantees ICAI members value on every rupee spend and is suited best for ICAI members who use their cards for everyday spends.

Professional-Specific Benefits

Since it's a card designed exclusively for ICAI members, it also offers benefits that will strike a chord with finance professionals like you. These include:

Get Cashback on Professional Expenses

CA’s are laden with big professional expenses i.e travel, office supplies, software subscriptions. ICAI Exclusive BOBCARD is a cashback card which provides cashback on typical purchases such as those relative to a professional which has been purposely made more beneficial so you save more on typical professional spends.

Increased Credit Limits

Members require substantial credit for professional and business purposes. The ICAI Exclusive BOBCARD offers higher credit limits to meet financial needs of CAs enabling better management of business cash flow.

Seamless Bill Payments & EMI Conversion

Payments form an important part of the life of any professional, Brought to you by ICAI with a reason, the ICAI Exclusive BOBCARD Credit Card offers you multiple channels to pay:

Bill Payment Option

The card holders can use their cards to pay for utility bills, insurance premiums and taxes from the card itself, making the process of paying bills easier for them.

EMI Conversion

If you shopped with your ICAI Exclusive BOBCARD and made a big transaction that you wished could be converted into EMI – then you need not worry because your card comes with an option of EMI conversion that allows you to payback in easy installments.

Lifestyle and Travel Benefits

Especially for professionals who are always on the move for their client meets, conferences, or personal vacations, the ICAI Exclusive BOBCARD comes with a host of lifestyle and travel privileges and brings a breath of fresh air in the over cluttered premium card space.

Lounge Access

A major card perk is free airport lounge access. This benefit is ideal for the ICAI members who are always on the move for work or personal reasons. The card offers domestic airport lounge access which allows cardholders to sit back and relax within a safe and cozy environment before they actually land on their flight destination.

Access to Indian Domestic Lounges

You get free access to select Domestic airport lounges in India. You can settle into a comfortable and relaxing setting while waiting for your flight and your travels are just much more convenient.

Travel Insurance Coverage

The ICAI Exclusive BOBCARD also provides travel insurance as part of its features such as trip cancellation insurance, lost luggage insurance and medical emergency insurance. This not only gives ICAI members peace of mind when away, whether for work or for leisure.

Dining Discounts

And everyone needs to eat; whether it is a business dinner or a night out with family and friends, dining is part of every professional’s life. ICAI Exlcusive BOBCARD Dining: Offers dining privileges at partner restaurants.

Additional Features and Benefits

Contactless Payments

The ICAI Exclusive BOBCARD Credit Card offers the convenience of contactless payments that have become a necessity in the fast-paced life today. This function supports members in conduct contactless, fast and secure payments by using a card or a cell phone for payment. Whether you’re making a small purchase at a coffee shop or picking up groceries, the contactless payment feature makes your life more efficient and convenient.

Fuel Surcharge Waiver

The Fuel Surcharge Waiver is very useful feature for ICAI members as they use credit card for monthly fuel spends. The card provides 1% fuel surcharge waiver on fuel at all petrol bunks in India. This can result in massive economies for anyone who regularly travels for client and business meetings.

Eligibility Criteria

ICAI Exclusive BOBCARD Credit Card is an exclusive card for the members of the Institute of Chartered Accountants of India (ICAI). Here are the requirements to be eligible for the card:

Age

Members of ICAI aged between 21 years to 60 years can get the card.

Salary

Job holders need to earn a minimum prescribed salary per month for the bank. This would be people who are salaried, self employed or have a business.

Membership ICAI

You need to be the member of Institute of Chartered Accountants of India in Order to apply for ICAI Card.

Final Thoughts

The ICAI Exclusive BOBCARD Credit Card is an all in one financial instrument that is especially customized for the Chartered Accountants. This is a card that offers ICAI members value-based rewards programme, dedicated travel and lifestyle experiences, professional-oriented offerings, and all this with no annual fees.

Whether you want to get rewarded for everything you buy at work, benefit from savings on travel and dining, or experience the convenience of EMI conversion and bill payments; ICAI Exclusive BOBCARD offers you a world of premium benefits at a pocket-friendly cost. So, if you’re an ICAI member and want a credit card that provides a customised answer to your lifestyle and professional needs then this card could be a perfect match for you.

With over 10 variants of Credit Cards available in the market, it’s good to know that this comes with added benefits like lounge access, dining discounts, free insurance and a rewards program that’s as simple to use as it is rewarding for customer, on a range of user-friendly credit card products.

So, if you are an ICAI member, maybe it’s time you thought about ICAI Exclusive BOBCARD Credit Card and reap the rewards that come with it!