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BOBCARD Empower Credit Card VS BOBCARD ICSI Diamond Credit Card

A detailed, side-by-side look at 2 leading credit cards. Analyze the features that matter most to you and make an informed choice.

Features

BOBCARD Empower Credit Card
BOBCARD Empower Credit Card
BOBCARD ICSI Diamond Credit Card
BOBCARD ICSI Diamond Credit Card

Fees & Charges

Joining Fee
Nil
Nil
Renewal Fee
₹250 + GST
Nil
Spend Based Waiver
Annual renewal fee is waived off if you spend ₹50,000 or more in the previous anniversary year.
Nil. Lifetime free card with zero joining and annual fees, no waiver needed.
Foreign Transaction Fees
3.5% of the total transaction amount.
2% of the total transaction amount.
Interest Rate (APR)
3.49% per month.
3.49% per month.

Rewards & Benefits

Welcome Bonus
Earn 500 Reward Points on spending ₹5,000 within 60 days of card issuance.
Complimentary 6-months Fitpass Pro Membership worth ₹15,000 & 500 Reward Points on ₹5k spend.
Rewards Rate
Earn 1 Reward Point for every ₹100 spent on all eligible Merchant Category Codes.
Up to 5 Reward Points per ₹100 on dining, online & utility bills; 1 RP per ₹100 on others.
Reward Type
Reward Points
Reward Points
Reward Redemption Fee
Nil
Nil

Travel & Lifestyle

Domestic Lounge Access
12 complimentary access passes annually (3 per quarter), subject to ₹40k spend from Jan 2025.
International Lounge Access
Not Applicable
Travel Benefits
Complimentary domestic lounge access & low 2% foreign currency markup for international usage.
Movie Benefits
Not Applicable
Dining Benefits
Earn 5 Reward Points per ₹100 spent on dining.
Golf Benefits
Not Applicable
Fuel Surcharge Waiver
1% waiver on fuel transactions between ₹400 and ₹5,000, capped at ₹250 per statement cycle.
1% waiver on ₹400-₹5,000 transactions, capped at ₹250 per statement cycle.

Security & Other

Insurance Benefits
Air accidental death cover worth ₹15 lakhs and non-air accidental death cover worth ₹5 lakhs.
Professional Indemnity (₹5L), Air accident death (₹15L), Non-air accident death (₹5L) cover.
Cash Advance Charges
2.5% (min ₹300) domestic, 3% (min ₹300) international.
2.5% (min ₹300) domestic ATMs; 3% (min ₹300) international ATMs.
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Best valueHigher costHighlights apply to Joining Fee and Renewal Fee only.

BOBCARD Empower Credit Card

BOBCARD ICSI Diamond Credit Card

Who is it for?

The BOBCARD Empower Credit Card is tailored for proprietors and self-employed individuals, providing a smart solution for managing business expenses. It offers a zero joining fee, affordable renewal fee with waiver options, and a decent reward rate redeemable as cashback. Cardholders also benefit from complimentary insurance covers, fuel surcharge waivers, and features for tracking employee spends and simplifying bill settlements, making it an accessible business partner.

Who is it for?

The BOBCARD ICSI Diamond Credit Card is a lifetime-free, exclusive card for active ICSI members. It offers robust rewards up to 5x on dining, online & utilities, generous milestone bonuses, and complimentary domestic lounge access. Cardholders also benefit from comprehensive insurance, a low 2% foreign currency markup, and valuable perks like a fuel surcharge waiver and free add-on cards. This card delivers premium privileges and security tailored for professionals.

Pros

Key benefits and features.

An excellent choice for small business owners managing their finances efficiently.

Facilitates convenient tracking of all card spends and simplifies bill payments.

Provides valuable insurance benefits for accidental death cover for cardholders.

Offers up to 50 days of interest-free credit to support diverse business needs.

Enjoy a personalised card look and contactless payments for added convenience.

Pros

Key benefits and features.

Lifetime free card, eliminating any concerns about joining or annual fees.

Offers robust reward programs with accelerated points and generous milestone bonuses.

Enjoy complimentary domestic lounge access and a competitive 2% foreign currency markup.

Provides extensive insurance coverage for professional indemnity and accidental death.

Includes valuable perks like fuel surcharge waiver, free add-on cards, and zero liability.

Cons

Key drawbacks and limitations.

The general reward rate of 0.25% cashback on most spends is relatively low.

Lacks any premium travel benefits, including domestic or international lounge access.

The foreign currency markup of 3.5% can be quite high for international transactions.

Fuel surcharge waiver is capped at ₹250 per month, limiting potential savings.

Welcome benefits are modest, offering only 500 reward points for initial spends.

Cons

Key drawbacks and limitations.

Exclusive card available only to active members of the Institute of Company Secretaries of India.

Accelerated reward points on specific categories are capped at 1000 RPs per cycle.

Domestic lounge access will require a minimum spend condition from January 2025.

No complimentary international airport lounge access provided with this credit card.

Reward points are primarily offered, with direct cashback not being a primary earning type.

Ready to Choose?

Based on your comparison, select the credit card that best matches your spending habits and financial goals.