BoB Cashback Credit Card Review 2026: 5% Online Cashback

Cashback credit cards have become one of the most sought-after categories in India, and the BoB Cashback Credit Card is Bank of Baroda’s answer to this growing demand. Instead of reward points and redemption hassles, the card focuses on simple cashback on eligible spends.

However, this isn’t a straightforward 5% cashback card. There are monthly transaction requirements, merchant category exclusions, and cashback limits that you should understand before applying. In this review, we look beyond the marketing claims and evaluate where the BoB Cashback Credit Card performs well, where it falls short, and who should consider getting it.

BOBCARD Cashback Credit Card – At a Glance

BoB Cashback Credit Card Eligibility

You can apply for the BoB Cashback Credit Card if you meet the following eligibility criteria:

• Indian resident.
• Age between 25 and 55 years (BOBCARD may approve exceptions at its discretion).
• Minimum annual income of ₹3 lakh.
• Valid PAN, address proof, recent passport-size photograph, and income documents (such as salary slips or bank statements).

You can apply for the BoB Cashback Credit Card online by completing the application form, Aadhaar e-sign, and Video KYC, subject to BOBCARD’s approval criteria.

BoB Cashback Credit Card Fees & Charges

BOBCARD lets you choose between an annual fee of ₹499 + GST or a monthly subscription of ₹49 + GST. Unless you plan to keep the card for only a few months, the annual plan is the better choice.

What stands out, however, is the absence of an annual fee waiver. Most cashback credit cards in this price range waive the renewal fee after a certain spend milestone. With no such benefit here, you’ll need to earn enough cashback each year to justify paying the fee.

Disclosure: If you apply through our link, we may earn a commission at no additional cost to you. This helps support Card Maven and keeps our reviews free and independent.

Cashback

The BoB Cashback Credit Card keeps its rewards simple. You earn 5% cashback on eligible domestic online spends and 1% cashback on all other eligible retail transactions, including international spends. Cashback is automatically credited to your statement, so there’s no separate redemption process.

The maximum cashback is capped at ₹1500 per statement cycle, which means you’ll hit the cap after ₹30,000 of eligible 5% online spending in a billing cycle. Any eligible online spends beyond this limit continue to earn only the base cashback, if applicable.

There are two important conditions to keep in mind. First, you must complete at least four retail transactions during the statement cycle to earn any cashback. Second, several merchant categories are excluded from earning cashback, including rent, fuel, utilities, insurance, education, telecom, wallet loads, government payments, supermarkets, railway bookings, jewellery, charitable organisations, quasi-cash transactions, and other excluded MCCs notified by BOBCARD.

For most users spending up to ₹30,000 per month on eligible online purchases, the cashback structure is straightforward. If your online spends regularly exceed this amount, cards with a higher cashback cap may offer better value.

How Much Cashback Can You Earn?

The BoB Cashback Credit Card offers a maximum cashback of ₹1500 per statement cycle. Since eligible domestic online spends earn 5% cashback, you’ll reach this limit after spending ₹30,000 in a billing cycle.

For users whose eligible online spending is below ₹30,000 per month, the cashback structure is straightforward and easy to maximise. If you consistently spend more than this, a cashback card with a higher monthly limit may offer better overall value.

BoB Cashback Credit Card Fuel Surcharge Waiver

The BoB Cashback Credit Card offers a 1% fuel surcharge waiver on fuel transactions between ₹400 and ₹5000, with a maximum waiver of ₹250 per statement cycle.

Do note that fuel transactions do not earn cashback on this card. The surcharge waiver simply helps offset the fuel surcharge charged by merchants and should not be considered an additional cashback benefit.

Pros & Cons

Pros

• 5% cashback on eligible domestic online spends.
• Cashback is automatically credited to the statement.
• Low annual fee with the option to pay monthly.
• Simple cashback structure with no reward point calculations.

Cons

• Cashback is capped at ₹1500 per statement cycle.
• Minimum four retail transactions required to earn cashback.
• Several common spending categories are excluded from cashback.
• No airport lounge, movie, or travel benefits.

Who Should Get the BoB Cashback Credit Card?

The BoB Cashback Credit Card is best suited for users who primarily shop online and want a straightforward cashback card without worrying about reward points or redemption values. If your eligible online spending is around ₹20,000–₹30,000 per month, the card can deliver good value while staying within its monthly cashback limit.

Consider This Card If You

• Regularly shop online on eligible merchants.
• Prefer automatic cashback instead of reward points.
• Want an affordable cashback credit card with a low annual fee.
• Can meet the minimum four retail transactions required each statement cycle.

Consider Another Card If You

• Spend well above ₹30,000 a month on eligible online purchases.
• Spend heavily on groceries, fuel, rent, insurance, utilities, or other excluded categories.
• Want airport lounge access, travel rewards, or premium lifestyle benefits along with cashback.

How Does the BoB Cashback Credit Card Compare?

The BoB Cashback Credit Card is one of the better entry-level cashback cards if your spending is primarily on eligible online purchases. However, it isn’t the best fit for everyone.

If your monthly online spending is below ₹30,000 and you prefer automatic cashback instead of reward points, this card offers a simple and predictable experience.

On the other hand, users with higher online spends or those looking for cashback on a wider range of categories may find better value elsewhere. The SBI Cashback Credit Card remains the benchmark in this segment, while cards like HDFC Millennia and Amazon Pay ICICI Credit Card can also be worth considering depending on where you spend the most.

Choosing the right cashback credit card ultimately depends on your spending pattern rather than the advertised cashback rate alone.

Conclusion: Should You Apply for the BoB Cashback Credit Card?

The BoB Cashback Credit Card gets the basics right. It offers a straightforward cashback structure, automatic statement credits, and a low annual fee, making it an easy card to understand and use. For users with moderate online spending, it can deliver consistent value without the complexity of reward points.

That said, the card isn’t without limitations. The requirement to complete four retail transactions every statement cycle, the long list of excluded merchant categories, and the ₹1,500 monthly cashback cap reduce its appeal for many users. If you regularly spend more than ₹30,000 per month on eligible online purchases or want cashback across a wider range of categories, there are better alternatives in the market.

Overall, the BoB Cashback Credit Card is a good entry-level cashback card for moderate online shoppers. However, if maximising cashback is your priority, the SBI Cashback Credit Card continues to be our preferred choice in this segment.

Disclosure: If you apply through our link, we may earn a commission at no additional cost to you. This helps support Card Maven and keeps our reviews free and independent.

Frequently Asked Questions

Is the BoB Cashback Credit Card worth it?

Yes. The BoB Cashback Credit Card is a good option for users with moderate online spending. It offers 5% cashback on eligible domestic online transactions and 1% cashback on other eligible retail spends, subject to the cashback cap and card terms.

What is the cashback limit on the BoB Cashback Credit Card?

You can earn a maximum cashback of ₹1,500 per statement cycle. This limit is reached after ₹30,000 of eligible online spending at the 5% cashback rate.

Does the BoB Cashback Credit Card offer 5% cashback on Amazon and Flipkart?

Yes. Eligible purchases on Amazon, Flipkart and other domestic online merchants earn 5% cashback, provided the transactions are not part of the excluded merchant categories (MCCs) and you complete at least four retail transactions during the statement cycle.

Is there a minimum spend requirement to earn cashback?

There is no minimum spend requirement. However, you must complete at least four retail transactions in a statement cycle to receive any cashback for that cycle.

Does the BoB Cashback Credit Card offer airport lounge access?

No. The BoB Cashback Credit Card does not provide complimentary airport lounge access.

Which transactions do not earn cashback?

Cashback is not available on transactions below ₹100, fuel, rent, utilities, insurance, education, telecom, wallet loads, government payments, supermarkets, jewellery, railway bookings, charitable organisations, quasi-cash transactions, and other merchant categories excluded by BOBCARD.

Is the BoB Cashback Credit Card better than the SBI Cashback Credit Card?

The SBI Cashback Credit Card offers a higher overall cashback potential and broader eligibility, making it a better choice for most online shoppers. However, the BoB Cashback Credit Card remains a good alternative if you prefer a lower annual fee and have moderate online spending.