BOB Financial (BOBCARD) BOBCARD Micro Enterprise Credit Card

Annual fee

₹500 a year.₹500; waived on ₹50,000 annual spends

Joining fee

₹500 to join.₹500; waived as service gesture

Fee waiver rule

₹500 Annual Fee waived on ₹50,000 annual spends; ₹500 Joining Fee waived as service gesture.

Add-on card fee

Joining & Annual fee for Add on card: Nil.

Welcome benefit

500 Reward points on spending ₹5000 in first 60 days of card issuance.

Reward rate

1 Reward Point for every ₹100 spent, except on select MCCs & fuel.

Reward exclusions

Reward program is not applicable on select MCCs and Fuel transactions

What one reward unit is worth

Cashback – 1 RP = ₹0.25; Pay with Rewards – 1 RP = ₹0.15.

Point expiry

Reward Points are valid only for 2 years from the date of accumulation and will expire automatically if not redeemed/used within 2 years

Minimum spend rules

Reward Points will be earned for transaction amount ₹100 or higher; transactions below ₹100 will not earn any Reward Points.

Fuel surcharge waiver

1% fuel surcharge waiver on transactions between ₹400–₹5,000 (Up to ₹250 per statement cycle); Fuel spends do not earn Reward Points

Balance transfer terms

Not offered: Balance Transfer Not Available.

Purchase to EMI conversion

Smart EMIs of 6 to 48 months on purchase of > ₹2,500.

Forex markup

3.5% on foreign currency transactions.3.5% forex markup

Cash advance fee

2.5% of the withdrawn amount or ₹500, whichever is higher.

Interest on unpaid balance

1.5% per month (18% p.a.)

Interest-free period

Up to 50 days interest-free credit

Late payment fee

Nil below ₹100; ₹100 for ₹100 to ₹500; ₹400 for ₹501 to ₹1,000; ₹750 for ₹1,001 to ₹10,000; ₹950 for ₹10,001 to ₹25,000; ₹1,100 for ₹25,001 to ₹50,000; ₹1,300 above ₹50,000 (by statement balance)

Payment return or dishonour fee

2% of the payment amount subject to min of ₹500

Card replacement fee

₹100/- per card

Rent transaction fee

If you do a rent payment transaction of ₹10,500 using your BOBCARD, a fee of 1% of ₹10,500 i.e.

Minimum amount due

Scenario II: If only minimum amount due of ₹200 is received on 11th August i.e. on or before the payment due date, then Finance charges for subsequent statement will be calculated as follows

Age the primary cardholder must be

21 to 65 years (primary cardholder)

Eligibility

Indian resident Micro Enterprise registered on Government of India’s JanSamarth portal.