BusinessEntryMastercard

BOBCard Empower

Business spending rewards without the joining fee

Annual fee₹500Waived on ₹0.5L spend

RewardsEarn 1 Reward Point for every ₹100 spent on all other MCCs

Forex markup3.5%

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Independent comparison platform. Not affiliated with Bank of Baroda. Full disclaimer

Welcome benefits

worth ₹125

500 Reward Points on spending ₹5,000 within 60 days

Base earn rate

Earn 1 Reward Point for every ₹100 spent on all other MCCs

Excludes: Fuel, Select MCCs

Category	Rate	Cap
Utility	—	—

Redemption value

cashback: ₹0.25/pt

Joining fee: Zero Joining Fee
Annual / renewal fee: Annual Fee of ₹500 waived on anniversary spends of ₹50,000
Annual fee waiver: Spend ₹50,000 in every anniversary year to get annual fee reversal
Add-on card fee: Free
Interest rate: 3.75% per month (45% p.a.)
Interest-free period: 50 days
Cash advance fee: 2.5%, min ₹500
Overlimit fee: 2.5%, min ₹600
Payment dishonour: ₹500
Forex markup: 3.50%
Fuel surcharge: 1% waiver, on ₹400–₹5000 txns, max ₹250/cycle
Duplicate statement: ₹25

Air accident

₹15L

air-accident death cover of ₹15 lakhs

Credit liability

₹5L

Income (salaried): For BoB Customers Minimum Net Annual Income is ₹3.6 Lakh. For Non BoB Customers Minimum Net Annual Income is ₹4.8 Lakh
Income (self-employed): ₹3.6L/year
Age: 24–65 years

Employment types

Self-EmployedProprietor

Required documents

Recent Passport size photograph (with clear / white background & without dark / tinted glass)
PAN Card
Aadhaar Card (both side)
Voter ID Card issued by election commission of India
Passport
Driving Licence
Job Card issued by NREGA duly signed by an officer of the State Government
Letter issued by the National Population Register containing details of the name & address
GSTIN Registration details along with latest copy of GST return
Income Documents: Customers can apply basis sanction letter of any of the below tradelines - Business Loan >= 5 Lac and vintage >= 18 months, OR CC/OD (including Dealer Finance / Supply Chain Financing) >= 5 Lac and vintage >= 18 months, OR Term Loan (such as Machinery Loan etc.) >= 10 Lac and vintage >= 18 months, OR LAP >= 20 Lac and vintage >= 18 months