BOBCARD ICAI Exclusive Credit Card Review
The BOBCARD ICAI Exclusive is a lifetime-free card for members of the Institute of Chartered Accountants of India. It earns 5X points on dining, online and utility spends, pays a quarterly bonus for higher spenders and includes professional indemnity cover for practising CAs.
Lounge access depends on spending ₹40,000 in the previous quarter.
- No joining or annual fee
- 5X points on dining, online and utility spends
- 4,000 bonus points each quarter on ₹1 lakh spend (or credit limit if higher)
- 3 domestic lounge visits a quarter for ₹40,000 quarterly spenders
- Professional indemnity cover up to ₹5 lakh for CAs with a Certificate of Practice
- Only for ICAI members
- 5X capped at 1,000 points a month
- Lounges need ₹40,000 previous-quarter spend
- Fuel and special categories earn nothing
- FITPASS PRO only in the first year
Fees and charges
| Item | Detail |
|---|---|
| Joining / annual fee | Nil (lifetime free) |
| Forex markup | Reported 2% |
| Fuel surcharge waiver | 1%, up to ₹250 per statement |
Rewards: how the card earns
| Spend | Earn |
|---|---|
| Dining, online, utilities | 5X (capped at 1,000 points a month) |
| Other spends (including UPI) | 1 point per ₹100 |
| Quarterly milestone | 4,000 points on spend above ₹1 lakh or your credit limit, whichever is higher |
| Welcome | 500 points on ₹5,000 spend in 60 days |
Points are worth about ₹0.25 each.
What earns nothing
Fuel and special categories (such as groceries, rent, education, government and insurance) earn no points.
Other benefits
| Benefit | Detail |
|---|---|
| Lounges | 3 domestic visits a quarter after ₹40,000 spend in the previous quarter (waived in the issue quarter) |
| Indemnity cover | Up to ₹5 lakh, for CAs with a valid Certificate of Practice |
| Fitness | FITPASS PRO in the first year |
| EMI | Smart EMI over 6–48 months |
| Fuel | 1% surcharge waiver, up to ₹250 a statement |
Eligibility
Issuer
BOBCARD (Bank of Baroda)
Who
ICAI members
Fee
Lifetime free
Who this card is for
- Good fit: chartered accountants who spend ₹1 lakh+ a quarter and want a free card with indemnity cover.
- Skip if: you are not an ICAI member.
Alternatives worth comparing
Final verdict
An excellent free card for chartered accountants, combining 5X points, quarterly bonuses, conditional lounges and professional indemnity cover.
Frequently asked questions
Who can get the BOBCARD ICAI Exclusive?
Members of the Institute of Chartered Accountants of India.
Is it lifetime free?
Yes.
What earns 5X points?
Dining, online and utility spends, capped at 1,000 points a month.
What is the quarterly bonus?
4,000 points when you spend more than ₹1 lakh or your credit limit, whichever is higher, in a quarter.
Does it include indemnity cover?
Yes, up to ₹5 lakh for CAs holding a valid Certificate of Practice.
Last verified: October 2026, against BOBCARD’s ICAI Exclusive product leaflet and lounge T&C. Card terms change often; confirm the current fees and reward rules on the issuer’s website before you apply. All fees are plus 18% GST.