IRCTC RuPay BOBCARD Credit Card – Benefits, Fees & Eligibility

Introduction

The IRCTC RuPay BOBCARD Credit Card, issued by BOBCARD Limited in collaboration with IRCTC, is a mid-range credit card specifically designed for frequent train travelers in India. It offers significant savings and benefits on train ticket bookings, including up to 40 reward points per ₹100 spent on IRCTC, complimentary railway lounge access, and waivers on fuel and railway transaction surcharges.

Welcome Benefits

• Avail 500 joining bonus reward points on a spend of ₹5,000 or more within 60 days of card issuance.

Fees

• Joining Fee: ₹500 + GST
• Renewal Fee: ₹350 + GST
• Rewards Redemption Fee: Nil
• Foreign Currency Markup: 3.5% on all foreign transactions.
• Interest Rates: 3.75% per month (45% annually).
• Fuel Surcharge Waiver: 1% waiver on all fuel transactions between ₹500 and ₹3,000 (maximum waiver of ₹100 per statement). The GST component is not reversed.
• Cash Advance Charges: 2.5% of the amount withdrawn or ₹500, whichever is higher.
• Railway Transaction Surcharge Waiver: Up to 1% cashback credited to the statement against transaction charges on IRCTC bookings. This is applicable only for transactions belonging to MCC 4112 (Passenger Railways) and MCC 9399 (Govt services). Transaction charges will be reversed for cancelled tickets.

Rewards

• Train Travel Rewards

  • Earn up to 40 Reward Points per ₹100 spent on train ticket bookings through the IRCTC website and mobile app.
  • Specifics: 40 Reward Points per ₹100 for travel dates between 15 January - 31 March and 15 July - 15 September. 16 Reward Points per ₹100 for travel dates between 1 April -14 July and 16 September - 14 January.
  • Valid on 1AC, 2AC, 3AC, CC or EC class bookings.
  • Reward Points will be credited only 5 days after the date of journey completion, if the ticket is not cancelled.
  • Applicable only on the fare of the Primary Cardholder/s and not on the fare of the entire ticket. The Primary Cardholder must be one of the passengers listed on the railway ticket.
  • If an Add-on Cardholder pays the ticket fare, accelerated Reward Points will be applicable only to the Primary Cardholder/s.

• Accelerated Rewards

  • Earn 4 Reward Points per ₹100 spent on departmental store and grocery purchases.
  • Earn 2 Reward Points per ₹100 spent on other categories.
  • Maximum 1000 BoB Reward Points or 250 IRCTC Travel Points per statement cycle for accelerated rewards.

• Railway Lounge Access

  • Enjoy 4 complimentary access per year (1 per quarter) at partner railway lounges. Applicable for Primary Cardholder only.

• Zero Liability

  • Report loss of card immediately to ensure zero liability on any fraudulent transactions.

• Smart EMI Options

  • Convert purchases of ₹2,500 or more on your card into Smart EMIs with tenure options from 6 to 48 months.

• Free Add-on Card

  • Get up to 3 lifetime free add-on cards for your spouse, parents, siblings, or kids (above age 18).

• UPI Transactions

  • UPI transactions are eligible only for core Reward Points and do not qualify for bonus rewards.
• Reward program is not applicable on select MCCs and Fuel.

Rewards Redemption Guide

• All accrued Reward Points can be redeemed as cashback in the statement at a value of 1 Reward Point = ₹0.25.
• Reward Points can also be redeemed for ticket bookings via the IRCTC website or mobile application.
• To redeem for IRCTC tickets, the cardholder must have accessed the IRCTC Website/App through their own login using their own username and password.
• The IRCTC BOBCARD Loyalty Number must be linked with the IRCTC Login ID.
• To purchase a ticket worth ₹1000 on the IRCTC platform, the cardholder needs to have Reward Points worth a minimum of ₹1000 or more for redemption.
• 4 BoB Reward Points are equivalent to 1 IRCTC Travel Point.

Card Eligibility Criteria

• Eligibility Rules

  • Indian Resident.
  • Primary Cardholder Age:
    • Salaried: 21 to 60 years.
    • Self-employed: 24 to 65 years.
  • Add-on Cardholders Age: Above 18 years.
  • Income: Above ₹3.60 Lakhs per annum (salaried) and ₹4.80 Lakhs per annum (for self-employed).
  • Credit Score: A decent credit score (750 or above) is generally expected.

• 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:
    • Salaried: Bank Statement reflecting salary credit for the last 2 months. Salary Slips, if submitted, must be accompanied by a bank statement.

Card Review

The IRCTC RuPay BOBCARD Credit Card is an excellent choice for individuals who frequently travel by Indian Railways. It stands out by offering up to 40 Reward Points per ₹100 spent on IRCTC bookings, along with complimentary railway lounge access, making train journeys more rewarding and comfortable. The card also provides value on daily expenses with accelerated rewards on grocery and departmental store purchases, and a 1% waiver on fuel and IRCTC transaction surcharges. While it comes with a nominal joining fee of ₹500 and an annual fee of ₹350, the benefits, especially for regular train travelers, easily outweigh these costs. The ability to convert purchases into EMIs and get lifetime free add-on cards further enhances its appeal. Overall, it's a strong contender for those seeking a dedicated travel card focused on railway benefits.

Important Product Details

• Welcome Benefit: 500 Bonus Reward Points on spending ₹5,000 within the first 60 days of card issuance.
• Accelerated Rewards: Earn 4 Reward Points per ₹100 on grocery and departmental store purchases.
• General Spends: Earn 2 Reward Points per ₹100 on other categories.
• IRCTC Bookings: Earn up to 40 Reward Points per ₹100 spent on train bookings via the IRCTC website and mobile application.
• Railway Lounge Access: Get four complimentary partner railway lounge accesses per year (1 per quarter).
• Add-on Cards: Up to 3 lifetime free add-on cards available.
• Zero Liability: Protection against fraudulent transactions if the card is lost or stolen and reported promptly.
• Fuel Surcharge Waiver: 1% waiver on fuel transactions between ₹500 and ₹3,000 (capped at ₹100 per statement).
• Railway Transaction Surcharge Waiver: Up to 1% cashback on transaction charges for IRCTC bookings.
• Smart EMI Options: Convert purchases of ₹2,500 or more into easy EMIs.
• UPI Transactions: UPI transactions are eligible only for core Reward Points.

Other Details

• The application process is a simple 3-step digital process: Fill Online Application form > E-sign using Aadhaar > Verify your identity via Video KYC.
• Arrangements between BOBCARD and cobrand partners may involve sharing of revenue across joining & annual/renewal fee and spends using the co-branded credit card.
• Reward Points will be credited within 60 days of eligible transaction.
• 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.
• Eligible fuel transaction amount to qualify for 1% surcharge waiver is inclusive of the GST & surcharge levied by the acquiring bank after the transaction.
• General terms and conditions apply to all benefits and rewards.