BOBCARD CMA One Credit Card Review
The BOBCARD CMA One is a profession-specific, lifetime-free card for ICMAI (Cost & Management Accountant) members. It pairs solid everyday rewards with lounge access, a generous wellness membership and — unusually — professional indemnity insurance. Here is the verified review.
- Lifetime-free (₹1 joining, no annual fee)
- 5 RP per ₹100 on dining, online & utility
- 12 domestic lounge visits/year
- Up to ₹5 lakh professional indemnity cover
- 12-month FITPASS PRP membership (worth ₹48,000)
- Reduced 2% forex markup; quarterly milestone points
- Eligibility limited to ICMAI members
- Lounge access needs ₹40,000 prior-quarter spend (from Jan 2025)
- 1 RP/₹100 on non-bonus categories
- Point value ₹0.25 each
- Best value if you use dining/online/utility heavily
Fees & rewards
| Item | Detail |
|---|---|
| Joining/annual fee | ₹1 joining; lifetime-free (no annual fee) |
| Dining / online / utility | 5 RP per ₹100 |
| Welcome | 500 RP on ₹5,000 in 60 days |
| Quarterly milestone | +4,000 RP on spends above ₹1 lakh or credit limit (whichever is higher) |
| Lounge | 12/year (3/quarter; ₹40,000 prior-quarter spend from Jan 2025) |
| Forex markup | 2% (reduced) |
| Insurance | ₹5L professional indemnity; ₹15L air / ₹5L non-air accident |
Eligibility & documents
Eligibility
ICMAI (CMA) members
Income (salaried)
₹3 lakh+ net annual income
Point value
1 RP = ₹0.25
Network
Visa / Mastercard
Wellness
12-month FITPASS PRP membership
Documents
ICMAI membership proof, PAN, Aadhaar, income proof
Rewards & the real value
At zero annual cost, the CMA One is hard to beat for eligible professionals: 5 RP per ₹100 on dining, online and utility (₹0.25/point = ~1.25% there), quarterly milestone points on spends above ₹1 lakh (or your credit limit, if higher), and 12 lounge visits a year. The professional indemnity cover up to ₹5 lakh is a genuinely useful, profession-specific benefit, and the FITPASS membership adds real wellness value. Since 1 Jan 2025 lounge access requires ₹40,000 of spend in the prior quarter — easy for active users.
Who this card is for
- Best fit: practising CMAs who want a free card with lounge access and indemnity cover.
- Skip if: you’re not an ICMAI member or want a high flat-rate everyday card.
How to apply & how to cancel
Apply: via bobcard.co.in with ICMAI membership proof. Cancel: call BOBCARD customer care after clearing dues; redeem points first.
Final verdict
The BOBCARD CMA One is an outstanding-value, lifetime-free card for CMA professionals — strong dining/online/utility rewards, 12 lounge visits, FITPASS and a rare professional indemnity cover at no annual cost. For eligible ICMAI members it’s close to a no-brainer; just note the lounge spend condition.
Frequently asked questions
Who can apply?
Only ICMAI (Cost & Management Accountant) members are eligible.
Is it really free?
Yes — ₹1 joining and no annual fee (lifetime-free).
What rewards does it earn?
5 RP per ₹100 on dining, online and utility spends (1 RP = ₹0.25), plus quarterly milestone points.
Does it include professional insurance?
Yes — up to ₹5 lakh professional indemnity cover, plus accidental death cover.
Data current as of October 2026, cross-checked against BOBCARD official information. Confirm current terms on bobcard.co.in before applying.