BOBCARD Empower Credit Card
- Joining fee
Nil
- Annual fee
₹250 + GST
- Best suited for
Business Expenses
- Reward type
Reward Points
Rewards
- Rewards rate
5 Reward Points/₹100 Spent on Utility and 1 Reward Point/₹100 for All Other Spends
- Welcome benefits
500 RPs on Spend of ₹5,000 or More in the First 60 Days of Card Issuance
- Reward redemption
1 RP = ₹0.25
Fees & charges
- Spend-based waiver
Renewal fee waived on spending Rs. 50,000 or more in the previous year.
- Rewards redemption fee
Nil
- Foreign currency markup
3.5% of the total transaction amount.
- Interest rates
3.75% Per Month
- Fuel surcharge waiver
1% fuel surcharge waiver on all fuel purchase (up to Rs. 250 per month)
- Cash advance charges
2.5% of the Withdrawn Amount or ₹500, Whichever is Higher
Product highlights
- No joining fee.
- 1 Reward Point for every spend of ₹100.
- Reward Points are redeemable against cashback.
- 1% fuel surcharge waiver on all fuel spends.
- Spend-based waiver of the annual membership fee.
FAQs
Is the BOBCARD Empower Credit Card lifetime free?
No, the BOBCARD Empower Credit Card is not lifetime free. It comes with a zero joining fee, but there is an annual fee of Rs. 250.
What is the minimum income required to apply for the BOBCARD Empower Credit Card?
The income requirements for the BOBCARD Empower Card are as follows: for BoB customers, a minimum of 2.4 lakhs per annum; for non-customers, a minimum of 4.8 lakhs per annum.
What is the interest rate on the Empower Credit Card by BOBCARD?
The interest rate on this credit card is 3.75% per month, i.e., 45% per annum.