Lifetime free credit card for chartered accountants, exclusively designed for The Institute of Chartered Accountants of India (ICAI) members

BOB ICAI Credit Card

BOB ICAI Credit Card - Our Money Guide Our Rating 3.50
Top Reasons to Choose
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Lifetime free BOB credit card for chartered accountants (ICAI members)
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Domestic airport lounge access – 12 times per year
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Reduced fee of 2% on international credit card transactions
Annual Fee

₹0

Minimum Income

Salaried: ₹3.60 lakhs per year || Self-employed: ₹3 lakhs per year

Annual Fee Offers
  • Welcome offers : 500 reward points worth ₹125, on spending 5000 on your card within 60 days of card issuance || FITPASS Pro membership for 6 months worth ₹15000

Exclusive credit card for ICAI members: All eligible & active members of ICAI (The Institute of Chartered Accountants of India) are eligible, subject to credit policy of BOB.

Lifetime free BOB credit card for chartered accountants

  • The card has no annual fee, it is a lifetime free card.
  • Welcome offers : You get 500 reward points worth ₹125, on spending 5000 on your card within 60 days of card issuance. You also get a FITPASS Pro membership for 6 months worth ₹15000.

5X Rewards: 1.25% cashback on ‘online spends’, dining spends and utility bill payments - on spending up to ₹20,000 per month

  • 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.
  • This benefit is restricted to total spending up to ₹20,000 per month in these categories, since you can earn a maximum of 1000 reward points per month.

X Reward: 0.25% cashback on all other card spending, including UPI spending

  • 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: You earn no reward points on purchases like fuel, rent, education, government, insurance, wallet loads, charity, and supermarket purchases.

Milestone benefits: You get 4000 reward points worth ₹1000, upon spending 1 lakh OR till your credit limit (whichever is higher) on your card, within a calendar quarter.

Complimentary access to airport lounges in India – 3 per quarter. From January 1 2025, this benefit is valid in a particular quarter only if you have spent a minimum of ₹40,000 on your card in the previous quarter.

Reduced fee of 2% on international credit card transactions

Fuel surcharge waiver up to ₹250 per month, and valid only on fuel transactions between ₹400 and ₹5000

Complimentary insurance benefits

  • Professional indemnity insurance cover of ₹5 lakhs
  • Air accident death cover of ₹15 lakhs
  • Non-air accident death cover of ₹5 lakhs
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Benefits

  • Lifetime free card
  • Domestic airport lounge access
  • Reduced fee of 2% on international card transactions, usually not available on cards in this category)

Drawbacks to consider

  • Relatively low rewards on card spends

To read the full review of the card , please click here
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Credit Cards for Chartered Accountants

Bank of Baroda ICAI Credit Card is a popular BOB Credit Card for chartered accountants. It is an exclusive credit card for ICAI members (Institute of Chartered Accountants of India members). 

It is a lifetime free credit card. The card provides complimentary access to domestic airport lounges, reduced fee on international transactions, and special rewards on certain kinds of card spending like online shopping, dining and utility bill payments. 

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