BOBCARD Cashback Credit Card
Card Overview
BOBCARD Cashback Credit Card offers up to 5% cashback on online shopping and 1% cashback on other eligible purchases. The 5% cashback is made up of 4% additional cashback and 1% base cashback. The extra 4% cashback is limited to ₹1,500 per month, which means you can get the maximum benefit by spending ₹37,500 online every month. For offline purchases, the card offers unlimited 1% cashback on eligible transactions. The cashback is directly credited to your credit card account without any need for manual redemption.
BOBCARD Cashback Credit Card is a good choice for people who regularly shop online and want to save money on their purchases. The card comes with two fee options: ₹49 per month or ₹499 per year. Although it does not offer any welcome benefits, its cashback offers can help you save on regular spending. Overall, the card is suitable for online shoppers looking for simple cashback benefits at a reasonable fee. Read on to learn more about its features, benefits, fees and charges.
Card Details
- 5% Cashback: Get 5% cashback on select online purchases, including 4% extra and 1% base cashback. You can earn a maximum of ₹1,500 in extra cashback every month.
- Unlimited 1% Cashback: Earn 1% cashback on all other eligible purchases without any monthly limit.
- Fuel Surcharge Waiver: Save 1% on fuel purchases between ₹400 and ₹5,000, up to ₹250 per month across India.
- Smart EMI Option: Convert purchases of ₹2,500 or more into monthly EMIs with a repayment period of 6 to 48 months.
- Free Add-on Cards: Get up to 3 free cards for your spouse, parents, siblings or children aged 18 years and above.
- Zero Lost Card Liability: Get protection against fraudulent transactions after immediately reporting your lost card to the bank.
Features & Benefits
BOBCARD Cashback Credit Card: Benefits, Fees and Review 2026
BOBCARD Cashback Credit Card is designed for people who regularly shop online and want to save money on everyday purchases. The card offers up to 5% cashback on select online spending and unlimited 1% cashback on other eligible transactions. It also comes with fuel surcharge savings, free add-on cards and flexible fee options. With an annual fee of ₹499, it can be a useful choice for shoppers looking for simple cashback benefits.
Key Features and Benefits
- 5% Cashback: Earn 5% cashback on select domestic online purchases, including 4% extra cashback and 1% base cashback. The extra cashback is capped at ₹1,500 per month.
- Unlimited 1% Cashback: Get 1% cashback on other eligible purchases without a monthly limit.
- Fuel Benefits: Enjoy a 1% fuel surcharge waiver on transactions between ₹400 and ₹5,000, with savings of up to ₹250 per month.
- Automatic Cashback: Your earned cashback is directly credited to your credit card account.
- Smart EMI: Convert purchases of ₹2,500 or more into monthly instalments for 6 to 48 months.
- Free Add-on Cards: Get up to 3 free add-on cards for eligible family members.
- Lost Card Protection: Get protection against fraudulent transactions after immediately reporting your lost card, subject to applicable terms.
To earn the extra 4% cashback, you must complete at least 4 card transactions in a month. Certain spending categories are excluded from cashback rewards.
BOBCARD Cashback Credit Card Fees and Charges
| Charges | Amount |
|---|---|
| Joining Fee | ₹499 annually or ₹49 monthly + taxes |
| Annual Fee | ₹499 annually or ₹49 monthly + taxes |
| Interest Rate | 3.75% per month (45% annually) |
| Annual Fee Waiver | Not available |
| Late Payment Fee | As per outstanding balance |
The annual payment option is cheaper than paying ₹49 every month, which adds up to ₹588 per year before taxes.
Eligibility Criteria
Applicants must meet the following requirements:
- Salaried Applicants: Age between 21 and 60 years, with a minimum net annual income of ₹3 lakh.
- Self-employed Applicants: Age between 24 and 65 years, with a minimum net annual income of ₹3.5 lakh.
- Add-on Cardholders: Must be at least 18 years old.
Card approval also depends on the applicant's credit profile and BOBCARD's eligibility checks.
How to Maximise Cashback on BOBCARD Cashback Credit Card?
To get the most out of your BOBCARD Cashback Credit Card, focus on eligible online purchases where you can earn up to 5% cashback. Make at least 4 card transactions every month to qualify for the extra cashback benefits. You can earn up to ₹1,500 in additional cashback per month on eligible online spending of ₹37,500. For other eligible purchases, the card offers unlimited 1% cashback. Always pay your credit card bill on time and avoid unnecessary interest charges to make the most of your savings.
Is BOBCARD Cashback Credit Card Worth It?
BOBCARD Cashback Credit Card can be a good option for people who frequently shop online and prefer direct cashback instead of reward points. For example, spending ₹10,000 on eligible online purchases in a month could earn ₹500 cashback, provided the transaction requirement is met.
However, the card may be less useful for people who mainly spend on excluded categories or want a lifetime-free credit card. Always pay your full credit card bill on time to avoid interest charges that can reduce your cashback benefits.
Overall, BOBCARD Cashback Credit Card is worth considering for regular online shoppers who can meet its cashback conditions and earn enough rewards to cover the annual fee.
Disclaimer: Cashback benefits, fees and eligibility conditions may change. Check the latest BOBCARD terms and conditions before applying.
Pros/Cons
Reality Check Feedback
What should you consider before applying for a credit card in India?
Key Considerations Before Applying for a Credit Card in India:
- Eligibility Criteria: Ensure you meet the eligibility requirements, which typically include age, income, credit score, and employment status as defined by the issuing bank or financial institution.
- Credit Score: A strong credit score can significantly improve your chances of approval and result in more favorable terms, such as lower interest rates or higher credit limits. Verify that your credit score is healthy before applying.
- Interest Rates and Fees: Compare the annual percentage rates (APR), processing fees, late payment penalties, and foreign transaction charges associated with various cards. These costs can vary widely and impact the overall value of the card.
- Rewards and Benefits: Evaluate the rewards, cashback, discounts, or other perks offered by the card to ensure they align with your spending patterns. Some cards may provide better benefits in specific categories, such as travel, shopping, or dining.
- Credit Limit: Review the credit limit offered by the card to ensure it meets your financial needs. Avoid applying for cards with excessive limits if you are concerned about managing debt, as this can lead to higher interest charges.
- Repayment Terms: Understand the repayment structure, including the minimum payment amount, payment due dates, and any associated penalties. Being clear about these terms can help you manage payments effectively and avoid interest buildup.
- Card Type and Features: Choose a card type that matches your specific needs—whether standard, premium, or specialized cards like those offering travel rewards or dining privileges. Ensure the features of the card align with your lifestyle and spending habits.
- Bank’s Reputation: Opt for a financial institution with a proven reputation for customer service and transparency. Consider researching customer reviews and assessing their support channels to ensure reliable service.
- Hidden Charges: Be aware of any hidden fees, including annual fees, balance transfer charges, foreign transaction fees, or cash withdrawal charges. These can add up over time and affect the overall cost-effectiveness of the card.
- Credit Utilization: Maintain a balance within your credit limit to avoid high credit utilization ratios, which can negatively impact your credit score. Responsible use of credit is essential for maintaining financial health.
- Long-Term Financial Plans: Consider how the credit card fits into your overall financial strategy. Avoid accumulating unnecessary debt and choose a card that supports your long-term financial goals without adding financial strain.
- How can I earn 5% cashback on the BOBCARD Cashback Credit Card?
You must make at least 4 transactions in a month to get 5% cashback on select online purchases. The extra 4% cashback is limited to ₹1,500 per month, and some spending categories are excluded.
- What are the fees for the BOBCARD Cashback Credit Card?
The card has an annual fee of ₹499, or you can pay ₹49 per month. You can switch between these two fee plans only once during the card's lifetime.
- How will I receive my BOBCARD cashback?
Your earned cashback is automatically added to your credit card account and shown in your next month's statement. No separate redemption is required.
- What is the minimum income required for the BOBCARD Cashback Credit Card?
Salaried applicants need a minimum net annual income of ₹3 lakh, while self-employed applicants must earn at least ₹3.5 lakh per year.
- What is the age limit for the BOBCARD Cashback Credit Card?
Salaried applicants must be 21 to 60 years old, while self-employed applicants must be 24 to 65 years old. Add-on cardholders must be at least 18 years old.
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