SNAPDEAL BOBCARD Credit Card – Benefits, Fees & Eligibility

Snapdeal BOBCARD Credit Card

Introduction

The Snapdeal BOBCARD Credit Card is a co-branded shopping card designed in partnership with the online shopping platform Snapdeal, primarily targeting customers seeking enhanced shopping privileges. This card offers an attractive 5% unlimited cashback on purchases made on the Snapdeal website and mobile app, along with a good reward rate across other categories such as groceries, online spends, and departmental stores. With a nominal joining and annual fee of ₹249 + GST, it positions itself as an affordable and rewarding option for frequent online shoppers. The card also provides a 1% fuel surcharge waiver and offers flexible financial options like interest-free credit and Smart EMI.

Welcome Benefits

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

Fees

• Joining Fee: ₹249 + GST
• Renewal Fee: ₹249 + GST
• 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: 1% fuel surcharge waiver on all fuel transactions between ₹400 and ₹5,000.
• Cash Advance Charges: 2.5% of the withdrawn amount or ₹500 (whichever is higher).
• Add-on Card Fee: Free, get up to 3 lifetime free add-on cards for spouse, parents, siblings or kids (above age 18).

Rewards

• Snapdeal Purchases: Get 5% unlimited cashback (equivalent to 20 reward points per ₹100) for purchases on the Snapdeal website & Mobile App.
• Online Shopping, Departmental Stores & Groceries: Earn 10 reward points for every ₹100 spent. Reward points under this category are capped at a maximum of 2,000 points per statement. This is equivalent to 2.5% cashback.
• Other Categories: Earn 4 reward points for every ₹100 spent on all other retail categories.
• Fuel Surcharge Waiver: Enjoy a 1% fuel surcharge waiver on all fuel transactions between ₹400 and ₹5,000. The maximum benefit under this waiver is capped at ₹250 per month. The reward program is not applicable on fuel transactions.
• UPI Transactions: Eligible only for core Reward Points; they do not qualify for activation benefits or bonus reward points.
• Reward Program Exclusions: The reward program is not applicable on select Merchant Category Codes (MCCs) and Fuel transactions.
• Zero Liability Protection: Cardholders receive zero liability protection against unauthorized/fraudulent purchases made on a lost/stolen card if reported to the bank in a timely manner.
• Movie & Dining, Travel, Domestic Lounge, International Lounge, Golf, Insurance Benefits: Not applicable with this card.

Rewards Redemption Guide

• Each reward point earned is valued at ₹0.25.
• All accumulated reward points are automatically credited as cashback to your monthly statements.
• The earned Reward Points are automatically adjusted against the card’s outstanding balance at the end of each statement cycle.

Card Eligibility Criteria

• Residency: Indian Resident
• Age:
  • Primary Cardholder: 21 to 65 years.
  • Salaried Individuals: 21 to 60 years.
  • Self-employed Individuals: 24 to 65 years.
  • Supplementary Cardholders: Above 18 years.
• Minimum Required Income:
  • Salaried Individuals: ₹3.6 lakhs per annum.
  • Self-employed Individuals: ₹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 Election Commission of India
  • Passport
  • Driving Licence
  • Job Card (issued by relevant authority)
• Income Proof:
  • Salaried: Bank Statement reflecting salary credit for last 2 months, or Salary Slips accompanied with a bank statement.

Card Review

The Snapdeal BOBCARD Credit Card is an excellent choice for individuals who frequently shop on Snapdeal due to its competitive 5% unlimited cashback offer. Its affordable annual fee of ₹249 + GST makes it accessible, offering significant value for money. The reward redemption process is seamless, with points automatically adjusted as cashback to the statement balance. While its benefits are primarily focused on shopping and do not extend to categories like travel, dining, or lounge access, it stands out for its core purpose. The inclusion of interest-free credit, Smart EMI options, and free add-on cards further enhances its appeal. For wise users who can maximize its shopping rewards, this card offers substantial savings, making it a valuable addition to the portfolio of online shoppers.

Important Product Details

• 5% unlimited cashback on Snapdeal purchases (20 reward points per ₹100).
• 10 reward points per ₹100 spent on online shopping, departmental stores, and groceries (capped at 2,000 reward points per statement).
• 4 reward points per ₹100 spent on all other retail transactions.
• 1 reward point equals ₹0.25 when redeemed as cashback against the statement outstanding.
• Welcome benefits include Snapdeal vouchers worth up to ₹500 and 500 bonus reward points on eligible spends.
• Nominal joining and annual fee of ₹249 + GST.
• 1% fuel surcharge waiver (up to ₹250 per month) on transactions between ₹400 and ₹5,000.
• Interest-free credit facility for up to 50 days from the date of purchase.
• Revolving credit facility.
• Smart EMI Options to convert purchases of > ₹2,500 into EMIs (6 to 48 months).
• Up to 3 lifetime free add-on cards for eligible family members.
• Zero liability protection against lost/stolen cards.

Other Details

• The GST component is not reversed on fuel surcharge. The rate of fuel surcharge may vary depending on the fuel station and their acquiring bank.
• Revenue sharing arrangements exist between BOBCARD and co-brand partners for joining & annual/renewal fees and spends on co-branded credit cards.
• The application process involves filling an online application form, E-sign using Aadhaar, and verifying identity via Video KYC. Alternatively, customers can contact customer support or visit any Bank of Baroda branch.
• The card has an average rating of 4.5/5.