BOBCARD ETERNA Credit Card – Benefits, Fees & Eligibility

Introduction

The BOBCARD ETERNA Credit Card is a premium offering designed for individuals seeking an exclusive lifestyle with extensive travel privileges and smart savings, potentially valued up to ₹81,000 annually. This card provides a host of benefits, including accelerated rewards on dining, travel, and international spends, unlimited complimentary access to domestic airport lounges, and a low foreign currency markup. It also includes a complimentary FitPass Pro membership and significant bonus reward points as a welcome gesture, effectively offsetting the joining fee. The ETERNA card empowers cardholders to enhance their lifestyle and seize new adventures with its diverse features.

Welcome Benefits

• Complimentary 6-months FITPASS Pro Membership worth ₹15,000. This benefit is applicable only to the primary cardholder and must be availed within 60 days from the card issuance date.
• 10,000 bonus reward points on spending ₹50,000 within the first 60 days of card issuance. These bonus points, along with the FitPass Pro membership, are designed to offset the joining charges.

Fees

• Joining Fee: ₹2,499 + GST.
  • Spend-Based Waiver: Waived on spending ₹25,000 within the first 60 days of card issuance. If the milestone is not met, the first-year fee will be levied in the 3rd bill statement from the card issuance month.
• Renewal Fee: ₹2,499 + GST.
  • Spend-Based Waiver: Waived on spending ₹2,50,000 in the preceding card anniversary year. This annual fee reversal is applicable only to non-delinquent credit cardholders.
• Rewards Redemption Fee: Nil.
• Foreign Currency Markup: 2% of the transacted amount.
• Interest Rates: 3.25% per month or 39% per annum.
• Fuel Surcharge: 1% waiver at all fuel stations across India for transactions between ₹400 and ₹5,000.
  • The maximum waiver is capped at ₹250 per statement cycle.
  • No Reward Points are earned on fuel transactions.
  • The GST component on the fuel surcharge is not reversed. The surcharge rate may vary based on the fuel station and their acquiring bank.
• Cash Advance Charges: 2.5% of the withdrawn amount or ₹500, whichever is higher.

Rewards

• Accelerated Rewards (5X Rewards):
  • Earn 15 Reward Points per ₹100 on Dining, Travel, Online Shopping, Movies, and International Spends. This is equivalent to approximately a 3.75% reward rate.
  • This accelerated reward earning is capped at 5,000 Reward Points per statement cycle across these categories. Any further spends in these categories within the same statement cycle will earn points at the regular earn rate.
• Standard Rewards:
  • Earn 3 Reward Points for every ₹100 spent on all other eligible categories, including utility bill payments. This is equivalent to approximately a 0.75% reward rate.
• Milestone Benefits:
  • Earn 20,000 bonus reward points on spending ₹5,00,000 in a year.
• Lounge Access:
  • Domestic Airport Lounges: Unlimited complimentary access to domestic airport lounges. Effective 1st January 2025, this benefit is subject to a minimum spend of ₹40,000 in the preceding calendar quarter.
  • International Airport Lounges: Not applicable.
• Movies & Dining:
  • Buy One Get One (BOGO) offer on movie tickets booked through the District app, with a maximum discount capped at ₹250 per month.
  • Access to 250+ culinary deals at Mastercard Priceless Specials.
• Insurance Benefits:
  • Free Personal Accidental Death Cover:
    • ₹1 Crore in case of an air accident.
    • ₹10 Lakhs in case of a non-air accident.
  • The personal accident cover is applicable only in case of loss of life.
• Lifestyle:
  • The complimentary 6-months FITPASS Pro Membership as a welcome benefit offers access to 2,500 premium gyms and fitness studios.
• Add-on Cards: Get up to 3 lifetime free add-on cards for your spouse, parents, siblings, or children (above 18 years of age).
• UPI Transactions: Available on the RuPay network, allowing linkage to UPI applications like Google Pay, PhonePe, and Paytm. Cardholders can earn unlimited rewards on UPI transactions.
• Reward Program Exclusions: Reward points are generally not applicable on select MCCs (Merchant Category Codes) and fuel transactions.

Rewards Redemption Guide

• Redemption Rate: All accumulated reward points can be redeemed as cashback at a rate of 1 Reward Point = ₹0.25.
• Redemption Options: Reward points can be redeemed as cashback against the card's statement balance, or for various other redemption options such as hotel/flight/movie tickets, mobile recharge, and shopping on the BOBCARD's reward redemption portal.
• Minimum Redemption: A minimum of 1,000 Reward Points is required for redemption.
• Validity: BOBCARD Reward Points are valid for 2 years from the date of accrual and will expire thereafter.

Card Eligibility Criteria

• Residency: Applicant must be an Indian Resident.
• Age:
  • Primary Cardholder: 21 to 65 years.
  • Add-on Cardholder: Above 18 years of age.
• Income: Net Annual Income > ₹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:
  • Salaried: Bank Statement reflecting salary credit for the last 2 months. Salary slips, if submitted, should be accompanied by a bank statement.
  • Self-employed: Typically ITR/bank statements are required.

Card Review

The BOBCARD ETERNA Credit Card is positioned as a strong contender in the premium credit card segment, offering substantial value, particularly for travel and lifestyle expenses. Its reward rate of 3.75% on select categories like online shopping, travel, dining, movies, and international spends, combined with a competitive 2% foreign currency markup, makes it particularly attractive. While the accelerated reward points are capped at 5,000 points per statement cycle, the overall benefits package is robust. The annual fee of ₹2,499 is notably lower than many top-tier premium cards from other issuers, making it a more accessible option for those seeking premium features without a hefty membership fee. The card also stands out with less stringent eligibility criteria compared to some of its competitors.

• Who should apply: Individuals with a net annual income above ₹12 Lakh who frequently spend on dining, travel, online shopping, and movies, and appreciate premium lifestyle perks at a relatively lower annual fee. It's also suitable for those looking for a card with good international spend benefits.
• Pros:
  • Offers both joining and annual fee waivers based on spend milestones.
  • Provides high value through accelerated reward points on key spending categories.
  • Includes a substantial Air Accident Death Cover of ₹1 Crore, along with a ₹10 Lakh non-air accident cover.
  • Features a comparatively low foreign currency markup of 2%.
  • Unlimited domestic airport lounge access (with a spend-based condition).
  • Membership fees are lower than many competing premium credit cards.
  • Relatively less strict eligibility criteria for a premium card.
• Cons:
  • The unlimited domestic airport lounge access is conditional on spending ₹40,000 in the previous calendar quarter, which might be a high requirement for some users.
  • Golf Games and Lessons, which were previously offered, have been removed from the card's benefits.
  • The accelerated reward points are capped at 5,000 per statement cycle, limiting the maximum potential benefits for very high spenders in those categories.

Important Product Details

• Earn 15 Reward Points for every ₹100 spent on dining, travel, online shopping, movies, and international transactions, capped at 5,000 Reward Points per statement cycle for these categories.
• Earn 3 Reward Points for every ₹100 on all other eligible spends.
• Reward Points can be redeemed as cashback at 1 RP = ₹0.25, or for various other options on the BOBCARD reward redemption portal. Minimum 1,000 RPs for redemption.
• Complimentary 6-month FitPass Pro membership worth ₹15,000 as a welcome gift.
• 10,000 bonus reward points on spending ₹50,000 within 60 days of card issuance.
• 20,000 bonus reward points on annual expenditure of ₹5,00,000.
• Joining fee of ₹2,499 + GST, waived on spending ₹25,000 in the first 60 days.
• Annual renewal fee of ₹2,499 + GST, waived on spending ₹2,50,000 in the previous year.
• Unlimited complimentary domestic airport lounge access, subject to a minimum spend of ₹40,000 in the preceding calendar quarter (effective 1st Jan 2025).
• Buy One Get One (BOGO) offer on movie tickets via the District app, with a maximum monthly discount of ₹250.
• Personal Accidental Death Cover: ₹1 Crore for air accidents and ₹10 Lakh for non-air accidents.
• Low foreign currency markup of 2%.
• 1% fuel surcharge waiver on transactions between ₹400 and ₹5,000 (max ₹250/month).
• Available on the RuPay network, allowing linkage to UPI applications for payments and earning rewards.
• The reward program is not applicable on select MCCs and fuel transactions.
• Eligibility: Indian Resident, age 21-65 (primary), net annual income > ₹12 Lakh.

Other Details

• Smart EMI Option: Convert purchases of more than ₹2,500 into Smart EMIs with tenure options ranging from 6 to 48 months.
• Zero Liability on Lost Card: Report the loss of the card immediately to ensure zero liability for any fraudulent transactions. Liability for unauthorized transactions prior to reporting lies with the cardmember.
• Contactless Payments: The card is enabled with wireless chip technology for secure and faster contactless payments.
• Application Process: Easy 3-step digital application: Fill Online Application form, E-sign using Aadhaar, and Verify identity via Video KYC.
• RuPay Variant: Existing ETERNA Credit Cardholders can request the RuPay variant via mail or customer support.