By: OurMoneyGuide || Last updated on: April 23, 2024

Bank of Baroda ICAI EXCLUSIVE Credit Card is an exclusive card for ICAI (The Institute of Chartered Accountants of India) members.

The card is lifetime free.

You get travel benefits like complimentary domestic airport lounge access (3 per quarter), and reduced fee of 2% on international card transactions.

Pros & Cons of Bank of Baroda ICAI EXCLUSIVE Credit Card

Pros

  • Lifetime free card, there is no annual fee
  • Complimentary domestic airport lounge access (3 per quarter),
  • Reduced fee of 2% on international card transactions.

Cons

  • Low reward rate on card spends

Features & Benefits of the Bank of Baroda ICAI EXCLUSIVE Credit Card

Exclusively designed card for ICAI (The Institute of Chartered Accountants of India) members

All eligible & active members of ICAI are eligible, subject to credit policy of BOB.

Lifetime free card

The card has no annual fee, it is a lifetime free card.

Welcome offers : You get 1000 reward points worth ₹250, on your 1st card transaction within 30 days of card issuance. You also get a FITPASS Pro membership for 6 months worth ₹15000.

1.25% cashback on ‘online spends’, dining spends and utility bill payments

You earn 5 reward point worth ₹1.25, on every ₹100 you spend in these categories.

1 reward point = ₹0.25, and can be redeemed as cashback.

0.25% cashback on all other card spends

You earn 1 reward point worth ₹0.25 or 25 paise, on every ₹100 you spend on all other card purchases.

1 reward point = ₹0.25, and can be redeemed as cashback.

Exceptions-
1. Fuel : You earn no reward points
2. Spend categories like rent, education, utilities, government, insurance, charity, supermarket : you earn 0.50 reward point worth 12 paise, on every ₹100 you spend. For full list and details please click here – list of special MCCs

Additional benefits (milestone benefits)

You get 4000 reward points worth ₹1000, at quarterly card spend of ₹1 lakh, OR at quarterly card spend till your credit limit (whichever is higher).

1 reward point = ₹0.25 (25 paise), and can be redeemed as cashback.

Complimentary access to airport lounges in India – 3 per quarter

You get free visits to airport lounges in India, 12 times per year (maximum 3 times per quarter).

Cardholders who have the Mastercard variant of the credit card, please click here for details.

Cardholders who have the Rupay variant of the credit card, please click here for details.

Reduced fee of 2% on international credit card transactions

You get a reduced fee of 2% on all card transactions outside India. Most cards in India charge around 3.50% on international card transactions.

 Fuel surcharge waiver, upto ₹250 per month

You get 1% fuel surcharge waiver at all fuel stations across India, only on fuel transactions between ₹400 and ₹5000. And only on upto ₹25,000 fuel spend per month, since the maximum waiver is capped at ₹250 per monthly card statement cycle.

Complimentary insurance benefits

You get free insurance covers-
– Professional indemnity insurance cover of ₹5 lakhs
– Air accident death cover of ₹15 lakhs
– Non-air accident death cover of ₹5 lakhs

BOB customer care number

Please click here, to see all available options to contact your card issuer.

3 free add-on cards

Bank of Baroda PRIME Credit Card offers the convenience of add-on cards, allowing you to extend the benefits of your card to your loved ones.

Lifetime free add-on cards : You can avail of up to 3-lifetime free add-on cards for your spouse, parents, siblings, or children. This enables your family members to enjoy the features and privileges of the Eterna Credit Card.

Shared benefits : With add-on cards, you can easily manage and track the expenses of your family members. Additionally, any reward points earned on the add-on cards contribute to the primary cardholder’s rewards account.

Bank of Baroda ICAI EXCLUSIVE Credit Card Fees and Charges

Annual fee


Annual feeAnnual fee offers
1st year joining feeLifetime freeWelcome offers :
– You get 1000 reward points worth ₹250, on your 1st card transaction within 30 days of card issuance.
– You also get a FITPASS Pro membership for 6 months worth ₹15000.
Renewal fee from 2nd year onwardsLifetime free

Late payment fee

Total payment amount dueLate fee
Less than ₹100Zero
₹100 to ₹500₹100
₹501 to ₹1,000₹400
₹1,001 to ₹10,000₹750
₹10,001 – ₹25,000₹950
₹25,001 – ₹50,000₹1100
More than ₹50,000₹1300

Interest charges on overdue balances – 3.60% per month


Foreign transaction fee – 2%


Important Note

– GST/ other applicable taxes as per current laws, will be applicable on all fees and charges
– To view all/updated fees & charges on this card, please click here – Bank of Baroda Credit Card Fees & Charges

Eligibility Criteria

Minimum agePrimary cardholders : 21 years
Add-on cardholders : 18 years
Maximum age65 years
OccupationAll eligible & active members of ICAI are eligible, subject to credit policy of BOB
Minimum income requirementsNot specified

Application Process

Step-by-step guide

Online application processThe easiest way is to click here – APPLY NOW , you shall be taken to the card application page on the BOB Financial website. You can also visit official website of BOB Financial and fill out the application form.

You can apply online in 3 simple steps :
– Complete the e-application
– Aadhaar based e-signature
– Confirm your application with a video KYC
Offline (face to face)  application processYou can also visit any of the nearest branches of the bank and talk to an executive regarding the process.
Application trackingYou can track your application by clicking here.

Necessary documents and verification

Required documents
– PAN card

– Address proof (any one) : Aadhaar card / voter ID card /passport / driving licence / utility bills / property or municipal tax receipt /rent agreement / house allotment letter issued by state or central government

– Income proof :
Salaried : Last 2 months salary slip + bank statement showing salary credits
Self-employed : Latest income tax return (ITR)