ICAI Exclusive BOBCARD Credit Card VS LIC Platinum EMV Credit Card
Both ICAI Exclusive BOBCARD Credit Card and LIC Platinum EMV Credit Card suit utilities-focused spenders, but they earn and cost differently. ICAI Exclusive BOBCARD Credit Card is lifetime-free and earns 5 Reward Points per ₹100 on dining, online & utility; 1 RP per ₹100 on other spends. LIC Platinum EMV Credit Card is lifetime-free and earns 1 Reward Point for every ₹150 spent on eligible categories; 1 Reward Point = ₹0.50 value. ICAI Exclusive BOBCARD Credit Card also brings get 12 complimentary access passes (3 per quarter) to domestic airport lounges, spend-based from Jan 2025, while LIC Platinum EMV Credit Card counters with personal Accident Insurance; Credit Shield up to ₹50,000 for permanent disability; Purchase Protection up to ₹50,000 for accidental loss/damage within 60 days. If premium spending matters more, go with ICAI Exclusive BOBCARD Credit Card; if shopping is the priority, LIC Platinum EMV Credit Card fits better.
Fees & Charges
Rewards & Benefits
Travel & Lifestyle
Security & Other
ICAI Exclusive BOBCARD Credit Card
LIC Platinum EMV Credit Card
Who is it for?
Who is it for?
Pros
Key benefits and features.
Lifetime free card with zero joining and annual fees, offering great value.
Accelerated 5x Reward Points on dining, utility, and online purchases.
Complimentary 12 domestic lounge access passes annually enhance travel.
Low 2% foreign currency markup makes international transactions cost-effective.
Comprehensive insurance benefits provide significant financial security.
Pros
Key benefits and features.
Lifetime-free with zero joining and renewal fees, ideal for cost-conscious users seeking a simple card.
Temporary credit limit enhancement up to 30% provides short-term flexibility for larger purchases.
Revolving credit and flexible payment choices allow Minimum Amount Due, partial, or full payments each cycle.
VISA Bill Pay for over 120 billers simplifies utility and service payments with a single card.
Balance transfer and EMI conversion options add repayment flexibility for eligible purchases after one year.
Cons
Key drawbacks and limitations.
5x rewards on dining, utility, and online purchases are capped at 1000 RP per cycle.
Lounge access benefit requires a minimum spend of ₹40,000 in the preceding quarter.
No Reward Points are earned on fuel transactions, limiting savings in this category.
UPI transactions only earn core Reward Points, missing out on bonus rewards.
Card is exclusive to ICAI members, limiting its accessibility to a wider audience.
Cons
Key drawbacks and limitations.
Limited reward value at ₹0.50 per point with no accelerated or milestone rewards to boost earnings.
No movie, dining, travel, or lounge benefits, making it unsuitable for premium lifestyle seekers.
EMI options require one year of satisfactory account operations, delaying access for new users.
Cash advance fees and interest rates are high, increasing costs for cash withdrawals and revolving credit.
Reward redemption incurs a ₹30 fee per request and requires a 500-point minimum, reducing small redemptions.