📌 Key Benefits
- 5X Rewards on Travel & International Spends Earn 10 RP per ₹100; capped at 2,000 RP per month
- 5X Rewards on Dining 10 RP per ₹100 on dining spends (same 2,000 RP cap/month)
- Airport Lounge Access 1 free visit per quarter (₹20,000 spend in the previous quarter required)
- Welcome Bonus – 500 Reward Points on ₹5,000 spend within 60 days
- Base Rewards (2 RP per ₹100) applies to all other eligible spends
- Fuel Surcharge Waiver 1% waiver up to ₹250/month (₹400–₹5,000 transactions)
📌 Other Benefits
- Add-on Cards (Free) Up to 3 lifetime free cards for family members
- Insurance Cover ₹50L air accident + ₹10L non-air accident cover
- Zero Lost Card Liability. No loss on fraudulent transactions if reported quickly
- Shopping & Merchant Offers Discounts across online & offline brands
- Reward Redemption Flexibility Points can be redeemed as cashback
📈 Detailed Benefits Calculation (Very Important)
🔹 Reward System
- 1 Reward Point = ₹0.25
- Base: 2 RP per ₹100 = 0.5% return
- 5X: 10 RP per ₹100 = 2.5% return
✅ Example 1: Normal Monthly Usage
Assumption:
- ₹40,000 monthly spend
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Total Spend: ₹40,000
Total Rewards Value: ₹600
👉 Effective Return = 1.5%
🚀 Example 2: Optimized Monthly Usage (Max Cap Strategy)
⚠️ Important Cap:
- 5X rewards capped at 2,000 RP/month (₹500 max value)
Assumption:
- ₹50,000 spend heavily on travel/dining
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Additional Benefits:
- Lounge value: ~₹800/year (~₹65/month)
- Fuel waiver: ₹250
👉 Total Monthly Value = ₹500 + ₹150 + ₹250 = ₹900
👉 Effective Return ≈ 1.8%
⚠️ Key Observations:
- Best return capped at ₹500/month from 5X category
- Spending beyond ₹20,000/month in 5X categories gives lower returns
- Good, but not a top-tier reward card
📌 Card Best For
- Frequent dining & travel spenders
- Users spending around ₹20K–₹50K/month
- People who can hit ₹1.2L annual spend for a fee waiver
- Mid-level users wanting balanced rewards + travel perks
⭐ Pros & Cons
✅ Pros
- Good 2.5% reward rate on travel & dining
- Cashback redemption (simple & flexible)
- Annual fee waiver achievable at moderate spend
- Free add-on cards + insurance coverage
❌ Cons
- 5X rewards capped at ₹500/month value
- Lounge access requires spend condition
- Base reward rate (0.5%) is average
- Not ideal for heavy spenders due to the cap
📌 Eligibility Criteria
- Income: ₹7.2 lakh+ annually
- Age: 25–55 years
- Credit Score: 750+ recommended
🎯 Fees & Charges
- Joining Fee: ₹1,000 (waived on ₹10,000 spend in 60 days)
- Annual Fee: ₹1,000 (waived on ₹1,20,000 yearly spend)
- Interest Rate: Not specified (typically ~3–3.5% monthly)
- Late Payment Charges: As per the bank slabs
- Forex Markup: Not specified (~3.5% assumed standard)
- Fuel Surcharge Waiver: 1% (up to ₹250/month)
📢 User Tips / Expert Tips
- Spend ₹20,000/month in dining/travel to fully utilize 5X cap
- Avoid overspending in the 5X category beyond the cap (returns drop)
- Always hit ₹1.2L yearly spend to avoid fees
- Use for dining + travel only, not utilities or rent
- Combine with another card for better overall rewards
📌 How to Apply & Documents Required
📝 Application Process:
- Apply online via the BOBCARD website
- Fill personal & income details
- Submit Documents
- Complete verification/KYC
📄 Documents Required:
- PAN Card
- Aadhaar / Voter ID / Passport / Driving License
- Passport-size photo
- Income proof:
- Salaried: Salary slips + bank statement (2 months)
- Self-employed: Bank statement (3 months)
🔍 FAQs (Must Know)
Q1. What is the maximum reward I can earn on 5X categories?
₹500 per month (2,000 RP cap).
Q2. Can I redeem reward points as cash?
Yes, at 1 RP = ₹0.25.
Q3. Is lounge access free?
Yes, but requires ₹20,000 spent in the previous quarter.
Q4. Is this card good for travel?
Yes, but rewards are capped, so moderate usage is ideal.
Q5. How to waive the annual fee?
Spend ₹1,20,000 in a year.
Q6. Do fuel transactions earn rewards?
No, but you get a surcharge waiver.
Q7. Is this card good for high spenders?
Not ideal due to reward caps.
📢 Final Verdict (Expert Insight)
This is a solid mid-tier travel & dining card with good 2.5% rewards, but the monthly cap limits its full potential.
Best suited for moderate spenders, not heavy users.
