Bank of Baroda has introduced a credit card exclusively for ICAI members. This lifetime free card offers bonus reward points on dining, online purchases, and utility bill payments. Cardholders also get 12 complimentary domestic airport lounge visits every year. Below are the key features and benefits of the Bank of Baroda Exclusive Credit Card for ICAI members.
Bank of Baroda ICAI Exclusive Credit Card Rewards Program
Rewards Program
5 reward points per Rs. 100 on dining, online spends, and utility bills
1 reward point per Rs. 100 on other spends
1 reward point = Re. 0.25 cashback
Earn 1,000 reward points monthly by making 5 transactions of Rs. 1,000 or more
Other Features and Benefits
Welcome Gift
FitPass Pro membership worth Rs. 15,000
1,000 reward points on transactions within 30 days of card issuance
Lifetime free card – no joining or annual fee
Lounge Access
12 free domestic airport lounge visits per year
Restricted to 3 visits per calendar quarter
Minimum spending of Rs. 40,000 in the previous quarter required
Low Foreign Exchange Mark-up Rate
Only 2% fee on foreign transactions
Spend Milestone Benefit
Earn 4,000 reward points every quarter on spending above your credit limit
Fuel Surcharge Waiver
1% waiver on fuel transactions between Rs. 400–5,000
Maximum waiver: Rs. 250 per statement cycle
Insurance Coverage
Professional Indemnity Insurance Cover: Rs. 5 lakh
Non-air accidental death cover: Rs. 5 lakh
Air accidental death cover: Rs. 15 lakh
Fees and Charges
Type of Fees or Charge
Amount
Joining Fee
Nil
Annual Fee
Nil
Cash Withdrawal Charges
2.5% / Min. Rs. 500
Finance Charge
3.49% p.m. | 41.88% p.a.
Cheque Return Charges
Min. Rs. 300 | 2% of the amount
Foreign Currency Transaction Fee
2% of the transaction amount
Unblocking Charge
Rs. 300
Late Payment Charges
Amount less than Rs. 100 – Nil Amount between Rs. 100 and Rs. 500 – Rs. 100 Amount between Rs. 501 and Rs. 1,000 – Rs. 400 Amount between Rs. 1001 and Rs. 10,000 – Rs. 600 Amount between Rs. 10,001 and Rs. 25,000 – Rs. 800 Amount Greater than Rs. 25,000 – Rs. 950
Things to Know Before you apply
Get this card if:
You are an ICAI member and want a lifetime free credit card.
You spend on dining, online purchases, and utility bills to earn reward points.
You want free domestic airport lounge access.
You want a card with basic insurance coverage and cashback options.
Eligibility Criteria
Age: 21 to 70 years
Occupation: Salaried or Self-employed
Credit Score: Should have a good credit history
Document Required For Bank of Baroda ICAI Exclusive Credit Card
Proof of Identity: PAN Card, Aadhaar Card, Driver’s License, Passport, Voter ID
Proof of Address: Aadhaar Card, Driver’s License, Passport
Proof of Income: Latest 3 salary slips, Last 3 months’ bank statement
Bank of Baroda ICAI Exclusive Credit Card Hilights
What do we like about this card?
Welcome gift: FitPass Pro membership worth Rs. 15,000 and 1,000 reward points
Earn up to 5 reward points per Rs. 100 on dining, online spends, and utility bills
Earn 1,000 reward points every month
12 free airport lounge visits at select domestic airports (on spending min. Rs. 40,000 in the previous quarter)
Low foreign exchange mark-up fee of 2%
Earn 4,000 reward points every quarter on spending above your credit limit
Insurance cover: Professional Indemnity, Air accidental death, and Non-air accidental death
Pros
Lifetime free credit card (no joining or annual fee)
Earn reward points on multiple categories
Free 12 domestic airport lounge visits per year
Low foreign exchange mark-up fee of 2%
Complimentary FitPass Pro membership worth Rs. 15,000
Up to 3 lifetime free add-on cards
Cons
Reward points redemption rate is low (Re. 1 per 4 points)
Lounge access requires minimum quarterly spends
No reward points on fuel and some select MCCs
Bank of Baroda Credit Card Contact Details
Contact Address: BOB Financial Solutions Ltd. 2nd Floor, Baroda House, Behind Dewan Shopping Centre, S. V. Road, Jogeshwari (West), Mumbai – 400102, Maharashtra, India
Bank of Baroda
Airport Lounge Access
Fuel
Reward Points
