Bank of Baroda ICAI Exclusive Credit Card: Benefits & Apply

Summary

The Bank of Baroda ICAI Exclusive Credit Card is a lifetime-free credit card exclusively designed for members of the Institute of Chartered Accountants of India (ICAI). It provides high reward points, fuel surcharge waivers, lounge access, and secure transactions, which makes it an excellent option for finance professionals.

One of the most notable features of this Credit card is its reward points scheme. Cardholders get 5 Reward Points for every ₹100 spent on international transactions, dining, and travel, and all other spend give 2 Reward Points for every ₹100. As 1 Reward Point = ₹0.25, the rewards can be substantial in the long run. The card also offers a 1% fuel surcharge rebate on spends between ₹400 and ₹5,000, thus making fuel expenses cheaper.

For regular travelers, the card provides 4 complimentary domestic airport lounge visits annually (1 per quarter), providing a pleasant experience at key airports. The contactless payment facility enables easy and fast transactions, while the EMV chip provides added security, safeguarding users against fraud. The other significant advantage is the interest-free credit period of up to 50 days, which facilitates better financial planning.

Introduction

The BoB ICAI Exclusive Credit Card” launched by the Bank of Baroda for Chartered Accountants on an exclusive basis is a card tailored specifically according to the requirements of professionals. The Bank of Baroda ICAI Exclusive Credit Card, specifically catering to the members of the Institute of Chartered Accountants of India (ICAI), is being launched with the array of benefits and services one can wish to have. 

The primary aim of the BoB ICAI Exclusive Credit Card is to address the financial requirements of Chartered Accountants, from convenient and favorable credit facilities to several rewards and cashback opportunities. Not only can the BoB ICAI Exclusive Credit Card be used for shopping and bill payments, but customers also enjoy special discounts on travel, entertainment, and healthcare services. 

Moreover, the BoB ICAI Credit Card also boasts facilities like no annual fee, low-interest charges, and improved customer service, making the card very appealing to professionals. By issuing the BoB ICAI Exclusive Credit Card, the Bank of Baroda has not only attempted to simplify the financial life of chartered accountants but has also gifted them with a facility that can organize their personal and professional expenses.

In this day’s article, we will elaborate on the BoB ICAI Exclusive Credit Card in detail. In which we will inform you about its benefits in detail. With this, in this article, we will also elaborate on the charges of BoB ICAI Exclusive Credit Card and we will also inform you in detail how to apply for it. So read this article till the end so that you do not have any trouble later.

What is the Bank of Baroda ICAI Exclusive Credit Card?

The Chartered Accountant Credit Card is a unique credit card that the Bank of Baroda has created for the members of the ICAI (Institute of Chartered Accountants of India). The BoB ICAI Exclusive Credit Card is uniquely created with the requirements of Chartered Accountants in mind and has numerous benefits.

The BoB ICAI Exclusive Credit Card provides you with special discounts, reward points, and cashback on shopping, travel, and miscellaneous expenses. Furthermore, the annual charge can be extremely low or nil, and the interest charge is low too, so the BoB ICAI Exclusive Credit Card will be a very suitable option for Chartered Accountants.

What is the design of the Bank of Baroda ICAI Exclusive Credit Card?

The BoB ICAI Exclusive Credit Card features a professional and sophisticated look, specifically designed for members of the Institute of Chartered Accountants of India (ICAI). The card is blue with a premium finish, providing it with a sophisticated and classy appearance.

It also features a Bank of Baroda logo and contactless payment symbol, which provides convenient and quick transactions. The entire appearance and feel are professional and classy, making it a perfect option for banking professionals and members of ICAI.

What are the benefits of the Bank of Baroda ICAI Exclusive Credit Card?

Here are its prime advantages with real reward points:

1. Reward Points on All Spend

• 5 Reward Points for every ₹100 spent on travel, dining, and foreign transactions.

• 2 Reward Points for every ₹100 on all other spends (except fuel, rent, and wallet loads).

• 1 Reward Point = ₹0.25, hence 5 Reward Points = ₹1.25 worth.

2. Annual Fee Waiver

• The card has no joining and annual fees, and therefore it is a lifetime-free card with no extra cost.

3. Fuel Surcharge Waiver

• 1% fuel surcharge waiver on spends between ₹400 and ₹5,000 at any Indian petrol pump.

4. Free Domestic Lounge Access

• Experience 4 free airport lounge accesses a year (1 per quarter) at selected Indian airports.

5. Contactless & Secure Payments

• Tap & Pay facility for convenient payment without swiping.

• Features an EMV chip for enhanced protection against fraud.

6. Interest-Free Credit Period

• Enjoy interest-free credit for up to 50 days so that you have better control of your finances.

7. Easy EMI Options

• Turn big buys into easy EMIs so that paying gets easy.

What are the Bank of Baroda ICAI Exclusive Credit Card fees?

Here is a simple BoB ICAI Exclusive Credit Card fee breakup.

Joining Fee	NIL
Annual Fee	NIL
Add-on Card Fee	There are no charges for additional cards for family members.
Finance Charges	If you don’t pay your bill in full, 3.5% per month (42% annually) on the outstanding balance.
Cash Advance Fee	2.5% of the amount withdrawn or ₹500, whichever is higher.
Late Payment Fee	For Statement Balance Less than Rs. 101 – NilRs. 101 – Rs. 500 – Rs. 150Rs. 501 – Rs. 5,000 – Rs. 500Rs. 5,001 – Rs. 20,000 – Rs. 750Rs. 20,000 & above – Rs. 1,000

What are the criteria for getting a Bank of Baroda ICAI Exclusive Credit Card?

The following are the primary requirements:

1. You must be between 18 and 70 years old to apply for the BoB ICAI Exclusive Credit Card.

2. The income requirement differs according to your employment status:

• Self-Employed Professionals: A minimum Annual income of Rs 1,00,000 usually does the job.

3. A secured income ensures regular timely payments on the credit card bill. Any amount above it ensures that the approval probability is increased.

4. Your credit score plays a role in the selection process. Bank of Baroda tends to favor borrowers with a better credit score, usually above 750. 

5. You must be an Indian resident and have valid address proof within the country. 

6. A salaried person must be employed with a reputed company or organization. The bank can ask you for documents like your salary slip or employment letter.

7. A Self-employed person must have business experience in the past years, generally 2+ years. You must show the bank proof of good consistent income. This may be your income tax returns and bank statements.

What documents are required to get a Bank of Baroda ICAI Exclusive Credit Card?

The documents that you will have to submit to Get a BoB ICAI Exclusive Credit Card are as below:

Identity Proof	Aadhaar card, Passport, Voter ID, Driving license, PAN card
Address Proof	Utility bills like electricity, water, etcRent agreement, Bank statement, or passbook with your address
Income Proof	Salary slip for the last 3 months if you are a salaried employee Bank statement for the last 3 months ITR for self-employed persons
Photograph	The latest passport-sized photograph

Where can the Bank of Baroda ICAI Exclusive Credit Card be used?

Here is the list of places where you can use it:

• With the BoB ICAI Exclusive Credit Card, you can shop for clothing, electronics, accessories, and more at almost every retail outlet, shopping mall, and e-shopping website.

• You can also use it on websites like Amazon, Flipkart, etc., and also make bookings on websites like MakeMyTrip, Yatra, etc.

• You can use the card to pay for your meals in restaurants, cafes, and fast food outlets.

• You can use it to book flight, train, or bus tickets, as well as to pay for taxi, Uber, Ola, or hotel bookings.

• You can use your credit card to pay electricity and water bills, mobile bills, and internet services.

• You can use your Bank of Baroda ICAI Exclusive Credit Card to pay for expensive items such as electronics or appliances through easy monthly installments (EMIs).

• The BoB ICAI Exclusive Credit Card is also accepted in other countries, where you can make purchases and payments. It is also accepted wherever Visa is accepted.

What is the credit limit of the Bank of Baroda ICAI Exclusive Credit Card?

The credit amount you can spend is what you are provided with a BoB ICAI Exclusive Credit Card. It is based on your income, credit score, and other financial history when you are selected for this credit card by the bank.

For instance, if you have a credit limit of ₹50,000, you can spend up to that amount only. If you want to spend more than the limit, the bank will not consider it.

The actual credit limit varies with the person. A credit limit could be ₹30,000 for someone and ₹1,00,000 for another or even more, considering his/her profile and financial background.

It’s essential to follow the expenses and not exceed the credit limit because when you pass this limit then penalties get added, and your credit score also goes down.

How do you apply for a Bank of Baroda ICAI Exclusive Credit Card?

Apply it through both these modes: 

Online Application Process

• Visit the official website of the Bank of Baroda, i.e. 

• Go to ‘Cards’, followed by ‘Credit Cards’.

• On that page, you can see numerous options for credit cards issued by the Bank of Baroda; for instance, you can choose the BoB ICAI Exclusive Credit Card.

• Just hover your cursor on the BoB ICAI Exclusive Credit Card, followed by selecting ‘Apply Now‘ from there.

• You will be asked to fill out your details including your name, contact information, income details, and employment status.

• Be accurate and updated with the information provided.

• You are required to upload documents like your identity proof, address proof, income proof, and photograph, as per the list of documents mentioned above.

• After filling out the details and uploading the documents, review your application to make sure everything is correct.

• Apply online through the application form.

• The bank will check your application after submitting it. They can ask for extra documents or information if required.

• You will be informed about the status of your application, and if approved, your card will be delivered to you.

Offline Application Process

• You can walk into the nearest Bank of Baroda branch to apply for the BoB ICAI Exclusive Credit Card.

• Request for the credit card application form for the BoB ICAI Exclusive Credit Card. They will provide you with the form and proceed accordingly.

• Fill the details in the application form wherever it is required. Care should be taken that all the information about personal details, income, and jobs provided by the applicant should be correct.

• Along with the form, furnish the relevant documents. The list of documents includes Identity proof, Address proof, Proof of income, and pas hotograph.

• Your application will be processed, and your information will be cross-checked at the bank level.

• In case of successful completion, the bank will sanction the credit card with a reply and forward it to the registered address.

• You will receive the BoB ICAI Exclusive Credit Card by post at the same postal address.

• Once you receive your card, you need to activate it by following the instructions given in the envelope, either through the Bank of Baroda Card website, or mobile app or by calling their customer service.

• For security purposes, you must set your PIN (Personal Identification Number) before you can start using your credit card.

Would getting a Bank of Baroda ICAI Exclusive Credit Card in 2025 be right?

Yes, getting BoB ICAI Exclusive Credit Card in 2025 can be a good option if you require a credit card with great offers, especially for those who shop for lifestyle products. The reward is excellent and comes with the purchase of items such as jewelry. On top of that, the bank provides discounts and easy access to the EMI facility. 

Axis Bank is also a strong bank with high customer service, so it is dependable. But don’t forget that you should make sure that you can handle your credit responsibly in terms of paying the bills and keeping your credit from exceeding its limit.

Conclusion

BoB ICAI Exclusive Credit Card is an extremely useful and convenient credit card for Chartered Accountants to make their professional as well as personal lives richer. BoB ICAI Exclusive Credit Card not only provides one with financial independence, but it also has rewards, cashback, and special discounts that make daily expenses very easy and economical.

Other than this, Bank of Baroda’s strong customer care and reliable banking facilities enhance the BoB ICAI Exclusive Credit Card to be even more reliable. Zero annual charge, low interest rate, and security aspects make it a great credit card, particularly for Chartered Accountants who want to simplify and balance their life in financial terms.

In summary, the BoB ICAI Exclusive Credit Card is a card that not only carries with it various financial advantages but is also one that has been designed specifically to address the needs of Chartered Accountants. It can not only be useful during professional life but it also ensures daily expenses become easy and profitable.

Frequently Asked Questions (FAQs)