BOBCARD Easy Credit Card – Benefits, Fees & Eligibility

Introduction

The BOBCARD Easy Credit Card, issued by BOBCARD (Bank of Baroda), is positioned as an entry-level credit card designed for everyday spending. It stands out with a limited-time lifetime free offer, allowing users to maximize savings on daily expenditures by earning 5X Reward Points on movies, groceries, and departmental stores. Additionally, it supports UPI transactions, enabling users to earn base Reward Points on these payments, and provides zero liability protection in case of card loss.

Welcome Benefits

• Earn 500 Reward Points on spends of ₹5,000 within 60 days of card issuance.

Fees

• Joining Fee

  • Lifetime Free (Limited Period Offer, till 30th June 2026).
  • Waived off on spending Rs 6,000 in the first 60 days.
  • Otherwise, ₹500.

• Renewal Fee

  • Lifetime Free (Limited Period Offer, till 30th June 2026).
  • Waived off on spending Rs.35,000 in every card anniversary year.
  • Otherwise, ₹500.

• Rewards Redemption Fee

  • Nil

• Foreign Currency Markup

  • 3.5% of the transaction amount.

• Interest Rates

  • 3.75% Per Month (45% Per Annum) on overdue amounts.

• Fuel Surcharge Waiver

  • 1% fuel surcharge waiver on fuel transactions between ₹400 and ₹5,000 at all petrol pumps across India.
  • Maximum waiver of ₹250 per statement cycle.
  • Note: No Reward Points are earned on fuel transactions.

• Cash Advance Charges

  • 2.5% of the Amount Withdrawn or ₹500 (Whichever is Higher) at domestic ATMs.
  • 3% of the withdrawn amount, whichever is higher, at international ATMs.

• Add-on Card Charges

  • No charges for up to 3 lifetime free add-on cards.

Rewards

• Rewards Rate

  • Earn 5X Reward Points (5 Reward Points per ₹100) on spends at movies, groceries, and departmental stores.
  • 5X Rewards are capped at 1000 Reward Points on these mentioned categories per statement cycle.
  • After the capped limit is exceeded, further spends in that statement cycle on these categories will earn Reward Points at the regular earn rate (1 Reward Point per ₹100).
  • Earn 1 Reward Point per ₹100 spent on all other categories.
  • Earn 0.5% Reward Points on specific MCC categories.
  • No Reward Points are earned on fuel transactions.

• Movie & Dining

  • Earn 5X Reward Points on movies.

• Shopping

  • Earn 5X Reward Points on Departmental Stores.

• Insurance Benefits

  • Accidental death cover for the primary credit cardholder.

• UPI Enabled

  • Link the card to UPI applications (e.g., Google Pay) and earn base Reward Points on UPI spends.

• Other Benefits

  • Zero Liability on Lost Card: Benefit of zero liability on a lost card, provided the cardholder notifies the bank within 24 hours about the loss or any fraudulent transactions.
  • Smart EMI Option: Convert purchases worth more than ₹2,500 into easy EMIs of 6 to 48 months.
  • Free Add-on Cards: Get up to 3 lifetime free add-on cards for spouse, parents, siblings, or kids (above age 18).
  • Contactless Payments: Card is enabled with wireless chip technology for secure and faster contactless payments.

Rewards Redemption Guide

• Accumulated reward points can be redeemed against cashback and other exciting options.
• The monetary value of 1 Reward Point is equal to ₹0.20.

Card Eligibility Criteria

• Age

  • Applicant’s age should be above 21 years.
  • Minimum 25 years and Maximum 55 years. Lower and Higher age cut-offs can be considered at BOBCARD’s discretion.

• Residency

  • Indian Resident.

• Income

  • Applicant should have a stable income source (salaried or self-employed).

• Credit History

  • Applicant should have a decent credit history.

• Documents Required

  • Recent Passport size photograph (with clear/white background & without dark/tinted glass).
  • PAN Card.
  • Permanent Address Proof: Aadhaar Card (both sides), Voter ID Card issued by election commission of India, Passport, Driving Licence, Job Card.
  • Income Proof: Bank Statement reflecting salary credit for last 2 months, or Salary Slips (if submitted, to be accompanied with bank statement).

Card Review

The BOBCARD Easy Credit Card is considered a decent entry-level offering, well-suited for retail shopping and everyday value. Its primary strengths include the limited-time lifetime free offer and accelerated reward earnings.

• Pros

  • Lifetime free joining and annual fees (under limited-time offer or spend-based waivers).
  • High reward rate of 5X points on common spending categories like movies, groceries, and departmental stores.
  • Base reward points on all other categories and UPI spends.
  • Zero liability protection for lost cards.
  • Option to convert large purchases into EMIs.
  • Free add-on cards.

• Cons

  • The 5X reward points are capped at 1000 Reward Points per statement cycle on accelerated categories.
  • No specific travel benefits are provided with this card.

Important Product Details

• Lifetime free for a limited time period.
• Earn 5X reward points on selected merchant categories like groceries, departmental stores, movies, etc., capped at 1000 Reward Points per statement cycle.
• Earn 1 reward point on other categories.
• Earn 0.5% Reward Points on specific MCC categories.
• This card can be linked to UPI for payments and earning base Reward Points.
• Offers accidental death cover to the primary credit cardholder.
• Provides zero liability protection on the loss of the card, subject to timely notification.
• Purchases worth more than ₹2,500 can be converted into easy EMIs.
• Features contactless payment technology.
• Allows for up to 3 free add-on cards.

Other Details

• How to Apply

  • Online Method: Keep required documents handy, click on Apply Now, fill in all required details in the digital application form, and submit. The digital application process involves 3 simple steps: Fill Online Application form > E-sign using Aadhaar > Verify identity via Video KYC.
  • Offline Method: Visit the nearest bank branch, fill in the required forms, and attach the necessary documents.

• Terms & Conditions Summary

  • The first year fee will be levied in the 3rd bill statement from the card issuance month if the spend milestone criteria are not met.
  • First year fee waiver and annual fee reversal are applicable only to non-delinquent credit cardholders.
  • The reward program is not applicable on select MCCs and Fuel transactions.
  • The GST component on fuel surcharge is not reversed. The rate of fuel surcharge may vary depending on the fuel station and their acquiring bank. The surcharge is levied by the acquiring bank providing the terminal to the merchant. The value of fuel transaction on the charge slip will differ from the credit card statement since the fuel surcharge and GST on the same are levied by the acquiring bank after the transaction.