The BOBCARD Select Credit Card is an entry-level offering targeted at individuals who want to maximize rewards on their everyday digital spending. With a low annual fee and straightforward waiver conditions, it consistently ranks well among users searching for basic rewards cards. Below is a detailed breakdown of its reward structure, fees, and overall value.
BOBCARD Select: At a Glance
Below is a quick summary of the core fees, reward rates, and features for the BOBCARD Select credit card.
| Feature | Details |
|---|---|
| Best Suited For | Everyday digital spending, specifically online shopping and dining |
| Joining Fee | ₹750 + GST |
| Annual Fee | ₹750 + GST |
| Fee Waivers | Spend ₹7500 in the first 60 days to waive the joining fee, and ₹70,000 annually to waive the annual fee |
| Welcome Benefit | 500 reward points upon spending ₹5000 within the first 60 days of card issuance |
| Accelerated Rewards | 5X reward points per ₹100 spent on dining and online purchases |
| Base Rewards | 1 reward point per ₹100 spent on all other standard categories |
| Reward Value | 1 reward point is valued at ₹0.25 when redeemed for cashback |
| Reward Capping | Accelerated 5X rewards are capped at a maximum of 1000 points per billing cycle |
| Fuel Surcharge Waiver | 1% waiver on transactions between ₹400 and ₹5000, capped at ₹250 per month |
BoB Select Credit Card Review: Fees and Charges
The fee structure for this card is straightforward, and the waiver targets are highly achievable for moderate spenders.
| Joining Fee | ₹750 + GST |
| Joining Fee Waiver | Spend ₹7500 within 60 days for fee reversal |
| Annual Fee | ₹750 + GST |
| Annual Fee Waiver | Spend ₹70,000 in a year |
Rewards and Cashback Breakdown
| Earning Category | Reward Rate |
|---|---|
| Welcome Bonus | 500 RP upon spending ₹5000 within 60 days |
| Dining and Online Spends | 5 RP / ₹100 ~1.25% |
| Base Retail Spends | 1 RP / ₹100 ~0.25% |
BoB Eterna
Lifetime FreeReward Rules and Redemption
It is important to note the monthly capping on accelerated earnings. The 5X reward points are capped at 1000 points per billing cycle, meaning you will hit this limit after spending ₹20,000 on dining or online purchases. Any spending beyond this cap in these categories will automatically earn points at the standard base rate.
When it comes time to use your earnings, points can be redeemed for statement cashback. The value of each reward point is 25 paise.
Fuel transactions do not earn standard reward points but there is a fuel surcharge waiver.
Kiwi RuPay Card
Lifetime FreeImportant: Spending Categories That Earn Zero Rewards
- Rent Payments: All transactions under MCC 6513.
- Wallet Loading: Adding money to wallets like Paytm, Mobikwik, or Amazon Pay.
- Insurance & Utilities: Premium payments and monthly utility bills (electricity, water, etc.).
- Education & Government: School fees and tax payments.
- Supermarkets: Daily grocery runs at large retail chains.
- Fuel: No points are earned here, though you do get the 1% surcharge waiver.
Additional Features and Benefits
- Fuel Surcharge Waiver – Cardholders receive a 1% fuel surcharge waiver across all petrol pumps in India. This applies to transactions between ₹400 and ₹5000. The maximum waiver you can earn is capped at ₹250 per statement cycle.
- Up to 3 lifetime free add-on cards for eligible family members
Eligibility and Required Documents
Eligibility Criteria
- Age for salaried individuals: 21 to 60 years old
- Age for self-employed individuals: 24 to 65 years old
- Minimum income: A net annual income of at least Rs 4.8 Lakh is generally required
- Residency: Must be a resident of India
Required Documentation
- Identity proof: PAN Card, Aadhaar Card, Passport, or Voter ID
- Address proof: Aadhaar Card, Passport, or a recent utility bill
- Income proof (Salaried): Latest salary slips and bank statements showing salary credits for the last two months
- Income proof (Self-Employed): Latest ITR filings and business bank statements for the last three months
Final Verdict
The Verdict: Strategic Utility vs. Low Rewards
The BOBCARD Select is a practical choice if you are looking for an entry-level credit card to manage everyday lifestyle expenses. If the majority of your monthly budget goes toward online shopping and dining out, the 5X reward multiplier offers steady value. The low annual fee and easy waiver conditions mean it can function essentially as a free card for moderate spenders.
However, if you consistently spend over ₹20,000 a month on those accelerated categories, or if you are looking for travel perks like lounge access, you will quickly outgrow this card. It works best as a starter card or a secondary card dedicated strictly to online and dining expenses.
While a 1.25% return on online spends is decent for a basic card, it is overshadowed by modern cashback giants. However, Bank of Baroda regularly brings 10% instant discount offers on platforms like Amazon, Cred, and others. You can get either this card or the BOBCARD Premier primarily to take advantage of these recurring bank-specific offers during major sales.
There are many credit cards that offer better cashback rewards today. If your goal is high flat-rate returns rather than sale-season discounts, consider the following alternatives.
| Alternative Card | Primary Benefit |
|---|---|
| SBI Cashback | 5% Unlimited cashback on most online spends |
| Axis Ace | 1.5% Unlimited cashback on offline spends and 5% on utilities |
| HDFC Millennia | 5% Cashback on major partner merchants like Amazon and Swiggy |