Updated on May 27, 2026
Author: MybankingTips Team
BOBCARD has launched a new business-focused credit card called the BOBCARD Micro Enterprise Credit Card for small business owners and micro enterprises.
The card is designed for users looking for a simple and affordable business credit card with lower interest rates and basic everyday spending benefits.
One of the major highlights of the card is its relatively low finance charge of 1.5% per month, which translates to 18% annually. This is significantly lower than many regular credit cards that can charge annual interest rates of up to 40–45%.
BOBCARD Micro Enterprise Credit Card Features
The card comes with a joining and annual fee of ₹500 + GST and focuses mainly on everyday business-related spending.
Reward Benefits
Cardholders can earn:
- 1 Reward Point for every ₹100 spent
- Reward earning is applicable on most retail transactions
- Fuel transactions and select categories are excluded
Reward Redemption Options
Users can redeem Reward Points in multiple ways:
- Cashback redemption at ₹0.25 per Reward Point
- Pay with Rewards redemption at ₹0.15 per Reward Point
This flexibility can help small business owners manage routine operational expenses more efficiently.
Fuel Benefits
The card also offers fuel-related savings through:
- 1% fuel surcharge waiver
- Applicable on fuel transactions between ₹400 and ₹5,000
- Maximum waiver capped at ₹250 per statement cycle
Lower Interest Rate Advantage
A major differentiating factor of the BOBCARD Micro Enterprise Credit Card is its lower annual interest rate of 18%.
Most standard credit cards in India usually charge finance charges ranging between 36% and 45% annually. For small businesses managing cash flow cycles, a lower interest rate can help reduce borrowing costs significantly.
Eligibility Criteria
To apply for the card, applicants must meet the following conditions:
- Must be registered as a Micro Enterprise on the Government of India’s JanSamarth portal
- Applicant should be an Indian resident
- Age should be between 21 and 65 years
Documents Required
Applicants may need to submit:
- Applicant and business KYC documents
- GST registration details
- Udyam registration number
- Recent GST returns
- Income Tax Return (ITR) documents
- Current account statements
Who Should Consider This Card?
This card can be useful for:
- Small business owners
- Micro enterprises
- Self-employed professionals
- Businesses looking for lower finance charges
- Users seeking a basic business credit card without premium lifestyle benefits
Bottom Line
The BOBCARD Micro Enterprise Credit Card is a straightforward business-focused credit card aimed at micro and small enterprises.
While it does not offer premium travel or lifestyle benefits, the combination of lower annual interest rates, simple rewards structure, fuel surcharge waiver, and flexible reward redemption options can make it a decent option for managing everyday business expenses.