About Bank of Baroda ICAI Exclusive Credit Card
Bank of Baroda has introduced a credit card exclusively for ICAI members. This lifetime free card offers bonus reward points on dining, online purchases, and utility bill payments. Cardholders also get 12 complimentary domestic airport lounge visits every year. Below are the key features and benefits of the Bank of Baroda Exclusive Credit Card for ICAI members.
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Bank of Baroda ICAI Exclusive Credit Card Rewards Program
Rewards Program
- 5 reward points per Rs. 100 on dining, online spends, and utility bills
- 1 reward point per Rs. 100 on other spends
- 1 reward point = Re. 0.25 cashback
- Earn 1,000 reward points monthly by making 5 transactions of Rs. 1,000 or more
Other Features and Benefits
Welcome Gift
- FitPass Pro membership worth Rs. 15,000
- 1,000 reward points on transactions within 30 days of card issuance
- Lifetime free card – no joining or annual fee
Lounge Access
- 12 free domestic airport lounge visits per year
- Restricted to 3 visits per calendar quarter
- Minimum spending of Rs. 40,000 in the previous quarter required
Low Foreign Exchange Mark-up Rate
- Only 2% fee on foreign transactions
Spend Milestone Benefit
- Earn 4,000 reward points every quarter on spending above your credit limit
Fuel Surcharge Waiver
- 1% waiver on fuel transactions between Rs. 400–5,000
- Maximum waiver: Rs. 250 per statement cycle
Insurance Coverage
- Professional Indemnity Insurance Cover: Rs. 5 lakh
- Non-air accidental death cover: Rs. 5 lakh
- Air accidental death cover: Rs. 15 lakh
Fees and Charges
| Type of Fees or Charge | Amount |
| Joining Fee | Nil |
| Annual Fee | Nil |
| Cash Withdrawal Charges | 2.5% / Min. Rs. 500 |
| Finance Charge | 3.49% p.m. | 41.88% p.a. |
| Cheque Return Charges | Min. Rs. 300 | 2% of the amount |
| Foreign Currency Transaction Fee | 2% of the transaction amount |
| Unblocking Charge | Rs. 300 |
| Late Payment Charges | Amount less than Rs. 100 – Nil
Amount between Rs. 100 and Rs. 500 – Rs. 100
Amount between Rs. 501 and Rs. 1,000 – Rs. 400
Amount between Rs. 1001 and Rs. 10,000 – Rs. 600
Amount between Rs. 10,001 and Rs. 25,000 – Rs. 800
Amount Greater than Rs. 25,000 – Rs. 950 |
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Things to Know Before you apply
Get this card if:
- You are an ICAI member and want a lifetime free credit card.
- You spend on dining, online purchases, and utility bills to earn reward points.
- You want free domestic airport lounge access.
- You want a card with basic insurance coverage and cashback options.
Eligibility Criteria
- Age: 21 to 70 years
- Occupation: Salaried or Self-employed
- Credit Score: Should have a good credit history
Document Required For Bank of Baroda ICAI Exclusive Credit Card
- Proof of Identity: PAN Card, Aadhaar Card, Driver’s License, Passport, Voter ID
- Proof of Address: Aadhaar Card, Driver’s License, Passport
- Proof of Income: Latest 3 salary slips, Last 3 months’ bank statement
Bank of Baroda ICAI Exclusive Credit Card Hilights
What do we like about this card?
- Welcome gift: FitPass Pro membership worth Rs. 15,000 and 1,000 reward points
- Earn up to 5 reward points per Rs. 100 on dining, online spends, and utility bills
- Earn 1,000 reward points every month
- 12 free airport lounge visits at select domestic airports (on spending min. Rs. 40,000 in the previous quarter)
- Low foreign exchange mark-up fee of 2%
- Earn 4,000 reward points every quarter on spending above your credit limit
- Insurance cover: Professional Indemnity, Air accidental death, and Non-air accidental death
Pros
- Lifetime free credit card (no joining or annual fee)
- Earn reward points on multiple categories
- Free 12 domestic airport lounge visits per year
- Low foreign exchange mark-up fee of 2%
- Complimentary FitPass Pro membership worth Rs. 15,000
- Up to 3 lifetime free add-on cards
Cons
- Reward points redemption rate is low (Re. 1 per 4 points)
- Lounge access requires minimum quarterly spends
- No reward points on fuel and some select MCCs
Bank of Baroda Credit Card Contact Details
- Contact Address: BOB Financial Solutions Ltd. 2nd Floor, Baroda House, Behind Dewan Shopping Centre, S. V. Road, Jogeshwari (West), Mumbai – 400102, Maharashtra, India
- Helpline: 1800 266 5100 (Toll-Free) +91 22 4206 1111 (International)
- Simply SMS: Send ‘HELP’ to 9223172141 from your registered mobile number
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Frequently Asked Questions
Everything you need to know about this credit card
A. This credit card is available only to ICAI members. Applicants must submit a photocopy of their ICAI Membership Card to apply.
A. Yes, you can get up to 3 lifetime free add-on cards. These can be issued to your immediate family members.
A. Add-on cardholders must be over 18 years old and directly related to the primary cardholder.
A. Reward points can be redeemed for cashback. The redemption rate is Re. 1 for every 4 reward points.
A. Yes, you can use your reward points to reduce your credit card bill through the cashback option.
A. For any queries or support, you can call the Bank of Baroda Credit Card customer care at 1800 22 5100.
