BOBCARD EMPOWER
BOBCARD Limited
Purpose-built for self-employed applicants specifically — worth surfacing when that answer comes up on Q1.
Free
Joining fee
₹500, waived at ₹50k spend
Annual fee
Official page confirms 'annual fee reversal on milestone spends' without stating the exact figure; Paisabazaar states the threshold as Rs 50,000 in yearly spend (aggregator-sourced, pending official confirmation).
3.5%
Forex markup
3.9 / 5
Rating
Eligibility
Estimated minimum income: ₹20,000+/month
Estimated — not officially confirmed by the bank.
Estimated minimum CIBIL score: 650+
Estimated — not officially confirmed by the bank.
Age: 18–65
Restricted to proprietors and self-employed individuals, age 21-65 (official; Paisabazaar states 18+ generally). Income: BOB existing customers >= Rs 2.4 lakh p.a.; non-BOB customers >= Rs 4.8 lakh p.a. Verification via GSTIN registration, latest GST returns, or an existing business loan of >= Rs 2 lakh with a bank sanction letter (official).
Key features
- Explicitly designed for proprietors/self-employed
- 5 pts/₹100 on utilities (cap 1,000 pts/cycle)
- Zero joining fee
Reward details
1 reward point per Rs 100 spent, unlimited (aggregator-sourced; official confirms the redemption rate but not the earn rate explicitly)
Welcome bonus: 500 reward points on Rs 5,000+ spend within 60 days of card issuance (aggregator-sourced)
Redemption
Reward points redeemable as cashback at Rs 0.25/point (official).
Excluded from rewards: select MCCs (not fully itemized), fuel
- Fuel surcharge waiver 1%, capped at Rs 250/month, on transactions between Rs 400-Rs 5,000 (aggregator-sourced).
- Fully digital application process: online form, Aadhaar e-signature, video KYC (official).
Real-world feedback
Not found. Paisabazaar notes the card 'is not available through Paisabazaar' for direct application; no user reviews or complaints were located for this business-focused card.
Sources
- Official — fees, eligibility, rewards
- Aggregator — eligibility, fee threshold, sentiment