BOBCARD Cashback Credit Card
Bank of Baroda markets the BOBCARD Cashback as a no-frills, no-points alternative to the usual reward-point grind: every purchase converts straight into cashback that lands on the statement automatically, with nothing to redeem. Spend online within India and the card returns 5%, though that accelerated rate tops out at ₹1,500 in a month and only kicks in once you've made at least four transactions in the billing cycle; everything else you buy earns a flat, uncapped 1%. Cardholders pick between a ₹49 monthly charge or a ₹499 combined joining-and-renewal fee, and can switch between the two plans one time over the card's life. There's also a modest fuel-surcharge break — 1% waived on pump transactions between ₹400 and ₹5,000, capped at ₹250 per cycle. What the card won't reward: fuel purchases, cash withdrawals or quasi-cash, anything under ₹100, and a list of merchant categories (including wallet top-ups) spelled out in Annexure 1 of the cashback terms. Lounge access isn't part of the package — this is built purely for everyday online spenders.
Key features
Here's what actually distinguishes this card from the rest of the lineup.
5% on Online Shopping
5% cashback on eligible domestic online spends, capped ₹1,500/month; requires a minimum of 4 transactions in the statement cycle
1% on Other
Unlimited 1% cashback on all other eligible spends, auto-credited monthly
Fuel Surcharge Waiver
1% waiver on fuel transactions, capped at ₹250/month
Full reward structure
| Category | Type | Rate | Monthly cap |
|---|---|---|---|
| Online Shopping | cashback | 5% | ₹1,500 |
| Other | cashback | 1% | — |
Fees & charges
| Charge | Amount |
|---|---|
| Annual fee (incl. 18% GST) | ₹589 |
| Joining fee (incl. 18% GST) | ₹589 |
| Finance charge (APR) | 3.75% p.m. |
| Forex markup | 3.5% |
| Fuel surcharge waiver | 1%, cap ₹250 |
Perks & benefits
Outside of cashback, there isn't much extra here — we peg the added value at roughly ₹300 a year.
fuel waiver ~ ₹300 /yr
1% fuel-surcharge waiver on transactions of ₹400–₹5,000 (max ₹250 a statement cycle)
Should you get it?
Best for: Online-first everyday spenders, People who want automatic monthly cashback with no redemption, First-time cashback-card holders
A dependable mid-tier choice if your spending is steady and predictable month to month.
It pays off most if a good chunk of your spend already happens on Online Shopping, where the 5% rate applies.
✓ Pros
- Online domestic spends earn 5% cashback, capped at ₹1,500 per month
- Everything else earns an unlimited 1% back
- No redemption process — cashback posts to the statement automatically each month
- Choice of ₹49/month or ₹499/year fee, with one switch allowed
✕ Cons
- The 5% online rate stops paying out past ₹1,500 in a month
- Fuel, cash withdrawals, quasi-cash, and purchases under ₹100 don't qualify
- No lounge access whatsoever
- A set of merchant categories is excluded from cashback entirely
Eligibility & documents
Age
25 –55 years
Min. income
₹25,000 /mo
Employment
Salaried · Self-employed
Documents required
- PAN card
- Aadhaar / valid address proof
- Latest 3 months bank statement
- Income proof — salary slips (salaried) or ITR (self-employed)
- Recent passport-size photograph
How to redeem rewards
There's really only one path here, and it requires nothing from you.
🎁 Automatic: cashback is credited to the card statement every month — no redemption needed
What your Cashback are worth
There's no valuation puzzle to solve on this card, since cash simply stays cash.
Statement credit Direct cash adjustment — no conversion
The concern Because the 5% online rate maxes out at ₹1,500 a month, and fuel, cash, quasi-cash, and small transactions don't earn anything, the advertised rate only really applies to a limited portion of what most people spend.
The bottom line
BOBCARD Cashback delivers what a good entry cashback card should: 5% back on online spends up to ₹1,500 a month, and a clean, unlimited 1% on everything else, credited straight to your statement without any redemption hassle. The ₹1,500 monthly cap and the exclusions on sub-₹100 transactions, fuel and cash keep the offer honest rather than generous, and there's no lounge access — so this works best as a companion card for online shopping rather than a flagship. Heavier online spenders wanting a higher cap may want to compare it against the SBI Cashback card.
Frequently asked questions
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