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Verified May 2026·By Arun, Personal Finance Editor·Cross-checked against issuer MITC & RBI sources·How we research
BOBCARD ICAI Exclusive Credit Card Review (For Chartered Accountants)
Profession-exclusive lifetime-free co-brand from BOBCARD designed for ICAI (Chartered Accountant) members. ZERO joining & annual fees, 5X rewards on dining/online/utility, 12 domestic lounges/year, 2% preferential forex, FITPASS PRO 1-yr complimentary. Verified Apr 2026 against the official BOBCARD product page.
For ICAI members onlyLIFETIME FREE (zero joining + annual)5X RP on dining/online/utility12 lounges/year2% preferential forex
Eligibility
Active ICAI member (Chartered Accountant)
Joining + annual fee
ZERO — lifetime free
Welcome benefit
500 RP on ₹5,000 spend within 60 days
Quarterly milestone
4,000 RP on spend > ₹1L (or credit limit, whichever is higher)
5X RP categories
Dining, Online, Utility bills (5 RP/₹100)
RP value
1 RP = ₹0.25 (cashback)
Quick take
The ICAI Exclusive BOBCARD is one of the very few lifetime-free profession cards in India with a meaningful benefits stack: 5X reward accelerator on three high-frequency categories, 12 domestic lounge visits per year, preferential 2% forex. And a 1-year complimentary FITPASS PRO membership (issuer claims ₹48,000 retail value). For an active ICAI member, this is a no-brainer add to wallet given there is no fee to recover.
Reward structure
| Category | Reward rate | Note |
|---|---|---|
| Dining, Online, Utility bills | 5 RP per ₹100 (5X) | Cap per issuer T&C — verify in MITC |
| All other retail categories | 1 RP per ₹100 | Base earn |
| Fuel | 0 RP (excluded) | 1% surcharge waiver applies |
| Welcome benefit | 500 RP | On ₹5,000 spend within 60 days of issuance |
| Quarterly milestone | 4,000 RP | On spend > ₹1L or your card's credit limit (whichever is higher) |
| Redemption | 1 RP = ₹0.25 cashback | — |
Travel & lifestyle benefits
- 12 complimentary domestic airport lounge visits per year (3 per quarter)
- 2% preferential forex markup on international transactions (vs typical 3.5%)
- Complimentary 12-month FITPASS PRO Membership (issuer-stated retail value ₹48,000)
- 1% fuel surcharge waiver on transactions ₹400-₹5,000, max ₹250 per statement cycle
- Smart EMI on transactions above ₹2,500
- Up to 3 lifetime-free add-on cards
Insurance cover
| Cover | Sum insured |
|---|---|
| Professional Indemnity Insurance | Up to ₹5,00,000 |
| Air accident death cover | ₹15,00,000 |
| Non-air accident death cover | ₹5,00,000 |
| Lost-card liability | Zero (after reporting) |
What we like
- True lifetime free — no joining or annual fee at any tier
- 5X reward accelerator on three categories that match a CA professional's spend profile
- 12 lounges/year is generous for any LTF card, let alone a profession-specific one
- 2% preferential forex (vs 3.5% standard) saves materially on international spends
- Quarterly 4,000 RP milestone is achievable for active spenders
- Professional Indemnity insurance is a profession-relevant perk you don't get on generic premium cards