BOBCARD ETERNA Credit Card – Benefits, Fees & Eligibility

Introduction

The BOBCARD Eterna Credit Card, offered by BOBCARD (Bank of Baroda), is positioned as a premium offering designed for individuals seeking a lifestyle of impeccable taste with significant travel and lifestyle privileges. It stands out with a welcome benefit of 10,000 bonus reward points, unlimited complimentary domestic airport lounge access (subject to spend), accelerated reward points on online, travel, dining, and movie spends, and a competitive low foreign currency markup of 2%.

Welcome Benefits

• Earn 10,000 bonus reward points on spending ₹50,000 within the first 60 days of card issuance. This benefit is applicable on the Primary Card only.

Fees

• Joining Fee: ₹2,499 + GST. A limited period offer for a Lifetime Free Card may be available.
• Annual Fee: ₹2,499 + GST. A limited period offer for a Lifetime Free Card may be available.
• Spend-Based Waiver:
  • The joining fee can be waived off on spending ₹25,000 within the first 60 days.
  • The annual fee can be waived off on spending ₹2,50,000 in every card anniversary year.
  • The first year fee will be levied in the 3rd bill statement from the card issuance month if the spend milestone criteria is not met.
  • Fee waivers are applicable only to non-delinquent credit cardholders.
• Rewards Redemption Fee: Nil.
• Foreign Currency Markup: 2% of the transacted amount.
• Interest Rates: 3.75% Per Month or 45% Per Annum.
• Fuel Surcharge Waiver: 1% waiver for fuel transactions between ₹400 and ₹5,000 at all petrol/gas stations across India. The maximum waiver is capped at ₹250 per statement cycle. The GST component on the fuel surcharge is not reversed. No Reward Points are earned on fuel transactions.
• Cash Advance Charges: 2.5% of the withdrawn amount or ₹500, whichever is higher.

Rewards

Reward Rates

• Earn 15 Reward Points for every ₹100 spent on online shopping, travel, dining, movie tickets, and international spends (equivalent to 5X Rewards or approximately 3.75%).
• The 5X Rewards are capped at 5,000 Reward Points on the mentioned categories per statement cycle. Further spends in that statement cycle on these categories will earn Reward Points at the regular earn rate.
• Earn 3 Reward Points for every ₹100 spent on all other eligible categories (~0.75%).
• No Reward Points shall be earned on transactions made across the following categories: agriculture, contractor services, transportation, rent, cleaning and personal services, government services, education, hospitals, wallet transactions, supermarkets and retail stores, insurance, charity, fuel, and fast food restaurants.

Milestone Benefits

• Earn 20,000 bonus reward points on spending ₹5,00,000 in a year.

Movie & Dining Benefits

• Enjoy Buy One Get One (BOGO) on movie tickets booked through the District App, with a maximum discount capped at ₹250 per month.
• Access to 250+ culinary deals at Mastercard’s priceless special.

Travel Benefits

• Benefit from a lower foreign currency markup of 2% on international spends.
• Receive unlimited complimentary lounge access at domestic airports. This benefit is subject to a minimum spend of ₹75,000 in the previous quarter. Effective January 1, 2025, complimentary lounge access will be subject to minimum spends of ₹40,000 in the preceding calendar quarter.

Insurance Benefits

• Get a free Personal Accidental Death Cover, ensuring financial protection for your family (Air: ₹1 Crore, Non-Air: ₹10 Lakhs).

Other Benefits

• Smart EMI Option: Convert purchases of more than ₹2,500 on your card into Smart EMIs with flexible tenures ranging from 6 to 48 months.
• Free Add-on Card: Get up to 3 lifetime free add-on cards for your spouse, parents, siblings, or children (above 18 years of age).
• Zero Liability on Lost Card: Report the loss of your card immediately to ensure zero liability on any fraudulent transactions.
• Contactless Safe Payments: The card is enabled with wireless chip technology for secure and faster contactless payments.
• RuPay Network: The BOBCARD Eterna Credit Card is available on the RuPay network, allowing it to be linked to UPI applications like Google Pay, PhonePe, and Paytm for seamless payments. Cardholders can earn unlimited rewards on UPI transactions.

Rewards Redemption Guide

• Reward Points are redeemable as cashback against the card’s statement balance.
• Reward Points can also be redeemed for various options, including hotel/flight/movie tickets, mobile recharge, and shopping on the BOBCARD’s reward redemption portal.
• 1 Reward Point is equivalent to ₹0.25.
• A minimum of 1,000 Reward Points are required for redemption.
• BOBCARD Reward Points are valid for 2 years from the date of accrual and expire thereafter.

Card Eligibility Criteria

Eligibility Rules

• The primary and all add-on cardholders must be residents of India.
• The primary cardmember must be between 21 and 65 years of age.
• Add-on cardholders must be above 18 years of age.
• The annual income of the primary cardholder must be above ₹12 lakh for both salaried and self-employed applicants.

Documents Required

• Mandatory Proof:
  • 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 the Election Commission of India.
  • Passport.
  • Driving Licence.
  • Job Card.
• Income Proof:
  • For salaried applicants: Bank Statement reflecting salary credit for the last 2 months. Salary Slips, if submitted, must be accompanied by a bank statement.

Card Review

Overall Verdict

The BOBCARD Eterna Credit Card is a strong premium offering, providing a very good reward rate of 3.75% on select spending categories, including online, travel, dining, movies, and international transactions. Its low foreign currency markup of 2% further enhances its value for international travelers. While the unlimited domestic lounge access is a significant perk, it comes with a spend-based condition. The card's annual fee of ₹2,499 is competitive within the premium segment, and its eligibility criteria are less stringent than some top-tier competitors. Overall, it's an excellent choice for those seeking a premium card with substantial benefits without a prohibitive membership fee.

Pros

• High reward rate (3.75%) on key categories like online shopping, travel, dining, movies, and international spends.
• Low foreign currency markup of 2%.
• Offers both joining and annual fee spend-based waivers.
• Unlimited complimentary domestic airport lounge access (subject to spend).
• Competitive annual fee of ₹2,499 compared to other premium cards.
• Less strict eligibility criteria than some competitors.
• Available on the RuPay network, enabling UPI transactions with rewards.
• Includes in-built Personal Accidental Death Cover and zero liability protection on lost cards.
• Welcome benefit of 10,000 bonus reward points.
• Milestone benefits for annual spending.

Cons

• Accelerated reward points are capped at 5,000 points per statement cycle for specific categories.
• Domestic airport lounge access is conditional on spending ₹75,000 in the previous quarter (or ₹40,000 from Jan 2025), which might be a high requirement for some users.
• Golf benefits previously offered with the Eterna Credit Card have since been removed.
• No reward points are earned on certain categories such as insurance, fuel, and wallet transactions.

Important Product Details

• 10,000 bonus reward points on spending ₹50,000 within 60 days of card issuance.
• 20,000 bonus reward points on spending ₹5,00,000 in a year.
• 15 reward points on every ₹100 spent on online shopping, travel, dining, movie tickets, and international spends.
• 3 reward points on spends of ₹100 on all other categories.
• 1 Reward Point = ₹0.25.
• Reward Points are redeemable as cashback or for other categories of expenditure on the BOBCARD’s reward redemption portal.
• Low foreign currency markup of 2%.
• Unlimited complimentary lounge access at domestic airports (subject to minimum spends of ₹75,000 in the previous quarter, changing to ₹40,000 from Jan 1, 2025).
• Buy One Get One on movie tickets booked through the District App (Max Discount Capped at ₹250/Month).
• Fuel surcharge waiver of 1% for transactions between ₹400 and ₹5,000 (Maximum waiver of ₹250 Per Statement Cycle).
• Free Personal Accidental Death Cover (Air: ₹1 Crore, Non-Air: ₹10 Lakhs).
• Zero liability protection on lost card after reporting the loss to the bank.
• Reward points are valid for 2 years from the date of accrual.
• Accelerated reward points are capped at 5,000 points per statement cycle on specific categories.
• No reward points are earned on categories like insurance, fuel, and wallet transactions.

Other Details

• The card can be linked to UPI applications such as Google Pay, PhonePe, and Paytm, allowing cardholders to make payments through their UPI apps and earn unlimited rewards on UPI transactions.
• The card is enabled with a wireless chip technology for secure and faster contactless payments.
• Purchases of more than ₹2,500 can be converted into Smart EMIs with tenures from 6 to 48 months.
• Up to 3 lifetime free add-on cards are available for eligible family members (spouse, parents, siblings, or children above 18).
• The first year fee will be levied in the 3rd bill statement from the card issuance month if the spend milestone criteria for waiver is not met.
• Important terms and conditions related to Reward Points, Lounge Access, Fee structure, and other applicable charges are available on the BOBCARD website.