BoB Exclusive ICAI Credit Card: The BoB Exclusive ICAI Credit Card, a credit card exclusively designed for the members of Institute of Chartered Accountants of India i.e., ICAI, issued by BoB. This credit card is a lifetime free card with lots of exciting features. As a welcome benefit you get a bonus Reward Points and free FitPass pro membership.
Not just Reward points but also many other offers and benefits in different categories such as, complimentary lounge access, insurance benefits, fuel surcharge waiver, and many more. And also, you get exciting benefits in the categories travel, rewards, insurance, and many more.
Therefore, in this article we are going to see the features and benefits offered by the BoB Exclusive ICAI Credit Card and the eligibility to apply for the same.
Contents
1. BoB Exclusive ICAI Credit Card Features and Benefits
The BoB Exclusive ICAI Credit Card which comes with the amazing offers and benefits across different categories and rewards to its customers.
Here we have mentioned the features and benefits offered by the BoB Exclusive ICAI Credit Card:
- Welcome Benefits: As a welcome benefit, get a complimentary 6-month FitPass Pro membership and get 1,000 bonus Reward Points on activating your credit card within the first 30 days f card issuance.
- Milestone Benefits: On spending more than your total credit limit, can get 4,000 bonus reward Points every quarter in a quarter and every month on making at least 5 transactions worth Rs. 1,000 or more, get 1,000 bonus Reward Points.
- Travel Benefits:Lounge Access: Get 12 complimentary domestic lounge access every year with the ICAI BoB Exclusive Credit Card i.e., capped at 3 visits per quarter and has a low forex markup fee of 2% only, which makes it a suitable card for international transactions.
- Fuel Surcharge Waiver: On your fuel transactions between Rs. 400 and Rs. 4,000, cardholders will get a fuel surcharge waiver of 1%, at fuel pumps all over India, the maximum waiver per month is capped at Rs. 250.
- Insurance Benefits: Against death due to personal air accident, get insurance coverage worth Rs. 15 lakhs and also get an insurance cover worth Rs. 5 lakhs against non-air accident and a Professional Indemnity Insurance Cover worth Rs. 5 lakhs.
- Reward points: On every retail spend of Rs. 100, get 1 Reward Point and on all your spends on dining, utility, and online purchases, get 5x rewards and no Reward Points are earned on fuel transactions.
2. BoB Exclusive ICAI Credit Card Fees and Charges:
- The joining fee charges are- NIL
- The Annual fee or Renewal fee charges are- NIL
- The Cash withdrawal fee, 2.5% of the amount or min. Rs. 500 withdrawn.
- On all the Foreign currency transaction, you have to pay forex fee of 2% on the transacted amount. This fee is to be paid on all international transactions done using this credit card.
- An interest rate of 3.49% per month (41.88% annually) is applicable on the due amount on the card if the cardholder is unable to clear all the dues by the payment due date.
- Late Payment Charges are- apart from the interest rate, a late payment fee shall also be applicable, For Statement Balance: 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.
3. BoB Exclusive ICAI Credit Card Eligibility Criteria to Apply:
The common eligibility criteria and the documents required to apply for BoB Exclusive ICAI Credit Card are as follows:
- The age limit for applying for this card is 18 years of age.
- The cardholder should be an Indian resident and an active ICAI member with decent credit score.
- The cardholder should be either through salary or self-employment with stable source of income.
- For Identity Proof documents you need are Aadhar Card, Voters Id, PAN Card, Passport, Driving License.
- For Address Proof, Utility bills of the latest months, Aadhar Card, Passport, and Ration card are the needed documents.
- For Income Proof, you need to submit the latest bank statement as a salaried person, and can also, submit your company ID card, if you are salaried, and if you are self-employed, you should submit your latest ITR.
4. How to Apply for BoB ICAI Exclusive Credit Card:
For BoB ICAI Exclusive credit card you can apply either online or offline. For offline mode, you can visit your nearest BoB branch with all the required documents and fill out the physical application form.
Here are the steps to be followed to apply for your BoB ICAI Exclusive credit card:
- Step 1: Visit Official website of the BoB- www.bankofbaroda.in.
- Step 2: Click on ‘Credit Cards’ option.
- Step 3: Next, you have to select ‘ICAI Exclusive Credit Card’ and click on ‘apply now’.
- Step 4: Enter all the requested details and submit the required documents.
This the way in which you can apply for BoB ICAI Exclusive Credit Card online.
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