SNAPDEAL BOBCARD Credit Card – Benefits, Fees & Eligibility

Introduction

The Snapdeal BOBCARD Credit Card, issued by BOBCARD (Bank of Baroda) in partnership with Snapdeal, is an entry-level co-branded shopping card designed for frequent online shoppers. Positioned as an affordable option with a nominal annual fee, its key differentiating benefits include an unlimited 5% cashback on Snapdeal purchases, attractive reward rates on other online and departmental store spends, and a hassle-free reward redemption process where points are automatically adjusted against the card's outstanding balance.

Welcome Benefits

• Snapdeal vouchers worth up to ₹500 on card usage within the first 30 days of issuance.
• 500 bonus reward points on spends of ₹5,000 or more within 60 days of card issuance.
• UPI transactions do not qualify for activation benefit and bonus reward points.
• Welcome benefits are applicable only where the Joining Fee is paid.

Fees

• Joining Fee: ₹249 + GST
• Annual Fee: ₹249 + GST
• Spend-Based Waiver: Not applicable.
• Rewards Redemption Fee: Nil
• Foreign Currency Markup: 3.50% of the total transaction amount.
• Interest Rates: 3.6% Per Month (43.2% Per Annum).
• Fuel Surcharge Waiver: 1% fuel surcharge waiver on all fuel transactions between ₹400 and ₹5,000, capped at a maximum of ₹250 per month.
• Cash Advance Charges: 2.5% of the withdrawn amount or ₹500, whichever is higher.
• Add-on Card Fee: Zero, with up to 3 lifetime free add-on cards available.

Rewards

• Shopping Rewards:
  • 5% unlimited cashback (equivalent to 20 Reward Points per ₹100) for purchases made on the Snapdeal website and Mobile App.
  • 10 Reward Points for every ₹100 spent on online shopping, departmental stores, and grocery purchases (equivalent to 2.5% cashback).
  • 4 Reward Points for every ₹100 spent on other categories and all other retail spends.
  • Reward Points of 10 RP per ₹100 (on online shopping, departmental stores, and groceries) are capped at a maximum of 2,000 Reward Points per statement cycle.
  • The reward program is not applicable on select Merchant Category Codes (MCCs) and Fuel transactions.
  • UPI transactions are eligible only for core Reward Points and do not qualify for activation benefits or bonus reward points.
• Fuel Benefits:
  • 1% fuel surcharge waiver on all fuel transactions between ₹400 and ₹5,000, with a maximum benefit capped at ₹250 per month.
• Other Benefits:
  • Interest-Free Credit Facility: Avail up to 50 days of interest-free credit from the date of any purchase.
  • Revolving Credit Facility: Option to pay the Minimum Amount Due and finance your spends as per convenience.
  • Smart EMI Options: Convert purchases of more than ₹2,500 on your card into Smart EMIs with tenures ranging from 6 to 48 months.
  • Zero Liability Protection: Cardholders receive zero liability protection against any unauthorized or fraudulent purchases made on a lost or stolen card, provided it is reported to the bank in a timely manner.
  • Add-on Cards: Get up to 3 lifetime free add-on cards for your spouse, parents, siblings, or kids (above age 18).
• No specific benefits mentioned for: Movies, Dining, Travel, Domestic Lounge Access, International Lounge Access, Golf, or Insurance.

Rewards Redemption Guide

• The monetary value of 1 Reward Point is equal to ₹0.25.
• Earned Reward Points are automatically credited to your credit card account.
• Reward Points are automatically adjusted against the card’s outstanding balance at the end of each statement cycle, making the redemption process hassle-free.

Card Eligibility Criteria

• Residency: Indian Resident.
• Age:
  • Primary Cardholder: 21 to 60 years for salaried individuals, and 24 to 65 years for self-employed individuals.
  • Supplementary Cardholders: Above 18 years.
• Minimum Income:
  • Salaried: ₹3.6 lakhs per annum.
  • Self-employed: ₹4.8 lakhs per annum.
• Credit History: Applicants should have a decent credit history.

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, must be accompanied by a bank statement.

Card Review

The Snapdeal BOBCARD Credit Card is an excellent co-branded shopping card, particularly well-suited for individuals who frequently shop on Snapdeal and other online platforms. It comes with a highly affordable annual membership fee of ₹249 + GST.

• Pros:
  • Offers a significant 5% unlimited cashback on Snapdeal purchases.
  • Provides a good reward rate of 2.5% cashback on online spends, departmental stores, and groceries.
  • Hassle-free reward redemption process as points are automatically adjusted against the card’s outstanding balance.
  • Includes essential benefits like a fuel surcharge waiver and zero liability protection.
  • Affordable fees make it accessible for a wide range of users.
• Cons:
  • Benefits are primarily concentrated in the shopping category, with limited or no specific perks for travel, dining, movies, or lounge access.
• Overall Verdict: This card offers substantial value for its nominal fee, especially for those who can maximize its shopping-centric benefits. It stands as a competitive option among entry-level shopping credit cards.

Important Product Details

• Card Name: Snapdeal BOBCARD Credit Card
• Issuing Bank: BOBCARD (Bank of Baroda)
• Joining Fee: ₹249 + GST
• Annual Fee: ₹249 + GST
• Welcome Benefits: Snapdeal vouchers up to ₹500 and 500 bonus reward points on eligible spends.
• Snapdeal Cashback: 5% unlimited cashback (20 RP per ₹100) on Snapdeal website/app.
• Online/Departmental Store/Grocery Rewards: 10 RP per ₹100 (2.5% cashback), capped at 2,000 RP per statement.
• Other Spends Rewards: 4 RP per ₹100.
• Reward Point Value: 1 Reward Point = ₹0.25.
• Reward Redemption: Automatic adjustment against outstanding balance.
• Fuel Surcharge Waiver: 1% waiver on transactions between ₹400-₹5,000, max ₹250/month.
• Foreign Currency Markup: 3.50%.
• Interest Rate: 3.6% per month (43.2% per annum).
• Cash Advance Charges: 2.5% or ₹500 (whichever is higher).
• Interest-Free Credit: Up to 50 days.
• EMI Option: Convert purchases > ₹2,500 into EMIs (6-48 months).
• Add-on Cards: Up to 3 lifetime free add-on cards.
• Security: Zero liability protection.

Other Details

• Application Process: Easy 3-step digital application process: Fill Online Application form, E-sign using Aadhaar, and Verify identity via Video KYC.
• Revenue Sharing: Arrangements between BOBCARD and cobrand partners may involve sharing of revenue, typically across joining & annual/renewal fees and spends using the cobranded credit card.
• Fuel Surcharge Specifics: 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, as the surcharge is levied by the acquiring bank. The value of the fuel transaction on the charge slip will differ from the credit card statement due to the fuel surcharge and GST being levied by the acquiring bank after the transaction. The eligible fuel transaction amount to qualify for the 1% surcharge waiver is inclusive of the GST and surcharge levied by the acquiring bank after the transaction.
• Terms & Conditions: Reward program is not applicable on select Merchant Category Codes (MCCs) and Fuel. For detailed Reward Points Important Terms and Conditions, refer to the official BOBCARD website.