Bank of Baroda CASHBACK Credit Card – Benefits, Fees & Eligibility

Introduction

The BOBCARD Cashback Credit Card is an entry-level cashback credit card issued by Bank of Baroda (BOBCARD) on the Mastercard network. It is positioned as a straightforward, no-fuss card for everyday spending, offering real cashback that is automatically credited to the statement each month. Its top differentiating benefits are the 5% cashback on online spends and the automatic monthly cashback credit, eliminating the need for manual reward redemption.

Welcome Benefits

• No specific welcome benefits, joining vouchers, or bonus reward points are offered on this card.

Fees & Charges Breakdown

• Joining & Annual Fee: Cardholders can choose between a monthly fee of ₹49 or an annual joining and renewal fee of ₹499 per year.
• Fee Plan Change: A fee plan change is allowed only once during the entire card lifecycle.
• Fuel Surcharge Waiver: 1% fuel surcharge waiver is applicable at all fuel stations across India on transactions between ₹400 and ₹5,000. The maximum waiver is capped at ₹250 per statement cycle.
• Cash Advance Charges: Cash withdrawals at ATMs are not eligible for cashback.
• Add-on Card Fee: Up to 3 lifetime free add-on cards are available for a spouse, parents, siblings, or kids above the age of 18.
• Foreign Currency Markup: Information not specified.
• Interest Rates: Information not specified.
• Reward Redemption Fee: Not applicable, as cashback is automatically credited.

Rewards & Cashback Structure

• Online Spends: Earn 5% cashback on all eligible domestic online spends, up to a maximum of ₹1,500 per month.
• Other Spends: Earn unlimited 1% cashback on all other eligible spends.
• Automatic Credit: Accumulated cashback is automatically credited to the card account statement every month, requiring no manual redemption or point tracking.
• Eligibility Conditions: To be eligible for accelerated cashback, the cardholder must complete a minimum of 4 transactions in that statement cycle.
• Excluded Transactions: The following transactions are not eligible for cashback:
  • Transactions below ₹100.
  • Transactions on select Merchant Category Codes (MCCs).
  • Fuel transactions.
  • Cash withdrawals at ATMs.
  • Quasi-cash transactions.
• Cashback Reversal: If a transaction is cancelled, returned, or reversed (partially or fully) after the statement generation date, the corresponding cashback will be debited in that statement cycle.

Travel, Lounge & Lifestyle Perks

• Fuel Surcharge Waiver: 1% fuel surcharge waiver is available at all fuel stations across India on transactions between ₹400 and ₹5,000, with a maximum waiver of ₹250 per statement cycle. Cashback is not applicable on fuel transactions.
• Smart EMI Option: Purchases above ₹2,500 can be converted into Smart EMIs with tenures ranging from 6 to 48 months.
• Contactless Payments: The card is enabled with wireless chip technology for secure and faster contactless payments. It can be added to Google Pay for seamless QR scan payments.

Card Eligibility Criteria & Income Requirements

• Residency: Indian resident.
• Age: Minimum 25 years and maximum 55 years. Lower and higher age cut-offs can be considered at BOBCARD’s discretion.
• Income Criteria:
  • Salaried: Bank statement reflecting salary credit for the last 2 months. Salary slips, if submitted, must be accompanied by a bank statement.
• Proof of Identity: PAN Card (mandatory) and a recent passport-size photograph.
• Address Proof: Aadhaar Card (both sides), Voter ID Card, Passport, or Driving Licence.
• Application Process: A 3-step digital process involving filling out an online application form, e-signing using Aadhaar, and verifying identity via Video KYC.

Important Product Details

• Positive Highlights:
  • 5% cashback on online spends.
  • Unlimited 1% cashback on other spends.
  • Automatic monthly cashback credit with no manual redemption.
  • Lifetime free add-on cards for family members.
  • Zero liability on lost card if reported immediately.
• Negative Highlights:
  • Cashback is not applicable on fuel transactions.
  • The card cannot be upgraded from or to other BOBCARD variants.
  • The card is not eligible to be issued as an additional card.
• UPI Linking: The card can be added to Google Pay for contactless QR code payments.

Other Details

• Lost Card Liability: Reporting the loss of the card immediately ensures zero liability on any fraudulent transactions.
• Partner Offers: Additional offers and partner discounts are available on the BOBCARD offers page, covering top brands across various categories.
• Upgrade Restrictions: Existing BOBCARD variants cannot be upgraded to the BOBCARD Cashback, nor can the BOBCARD Cashback be upgraded to any other BOBCARD variant. The BOBCARD Cashback credit card is not eligible to be issued as an additional card.
• Terms & Conditions: Detailed terms and conditions regarding features, rewards, lounge access, fee structure, and other applicable charges are available on the official BOBCARD website.