Do I need an income proof or a credit score?

This card skips income documentation altogether — approval rests on a fixed deposit of ₹30,000 or more, which serves as the collateral a payslip or credit report would normally provide. BOBCARD says it guarantees issuance to everyone except applicants flagged as CIBIL-delinquent.

The earn rate is flat and modest: 2 reward points for every ₹100 spent, across all categories. Bank of Baroda redeems each point at ₹0.20, putting the effective return near 0.4%. Fuel purchases are excluded from earning altogether. Rewards clearly aren't the reason to hold this card. Framed as effective return — the actual payout once points are converted at the card's own valuation, rather than the raw points-per-₹100 figure — 0.4% on general spend is as good as it gets here.

What does it cost to hold?

Holding the card costs nothing at all: no joining fee, no annual fee, and the fixed deposit backing it remains yours and keeps accruing interest the whole time. That absence of any recurring charge is exactly what makes it viable as a credit-building tool over several years.

Which network is it issued on?

It's RuPay-exclusive — Visa and Mastercard variants don't exist for this product. You can link it to UPI apps like PhonePe, Google Pay or Paytm, and UPI spends earn the same 2 points per ₹100, though they don't unlock any extra bonus rewards.

Is there a welcome benefit?

New cardholders get 500 reward points for spending ₹5,000 within 60 days of getting the card — roughly ₹100 in value at the ₹0.20-per-point rate. Since there is no joining fee to offset, that welcome bonus is pure upside rather than a discount against a cost.

How has the BOBCARD Prime Credit Card changed over time?

Our dated Value Timeline for the BOBCARD Prime Credit Card (on this page) records 13 changes since 2022: 10 devaluations, 2 improvements, and the rest neutral changes such as launches or restructures. The most recent entry: Complimentary accidental death insurance withdrawn (15 July 2026). Each event carries its source, so any figure here can be checked against the issuer's own documents.

Has the BOBCARD Prime Credit Card been devalued recently?

Yes — our record shows 6 devaluations to the BOBCARD Prime Credit Card in the last 24 months. The most recent: Complimentary accidental death insurance withdrawn, effective 15 July 2026 — from Air + non-air accidental death cover included to No accidental death cover. The full dated list, with what changed and its source, is in the Value Timeline on this page.

How did the BOBCARD Prime Credit Card change in 2026?

Our record shows 2 changes to the BOBCARD Prime Credit Card in 2026 (2 cuts): Processing fees added on toll/bus, high-value rail and third-party education spends (1 April 2026); Complimentary accidental death insurance withdrawn (15 July 2026). The biggest single change: before 15 July 2026 it was Air + non-air accidental death cover included; from then on, No accidental death cover. Every event, dated and sourced, is in the Value Timeline on this page.

BOBCARDSELECT

BOBCARD Prime Credit Card

3.4 / 5SarvCred Editorial Review

Check my eligibility

BOBCARD

BOBCARD Prime Credit Card

Name: BOBCARD Prime Credit Card
Brand: SarvCred
Rating: 3.4 (1 reviews)

Mid-tierFee variesCashbackFuel

BOBCARD Prime is a secured card: it is issued against a fixed deposit of ₹30,000 or more, with guaranteed issuance and no income proof required — the deposit is the security, so approval does not depend on a salary slip or an existing credit history. BOBCARD states issuance is guaranteed except for CIBIL-delinquent applicants. It carries zero joining and zero annual fees, which is what makes it usable as a long-term credit-building tool rather than a card you abandon when a fee lands. The earn is deliberately plain: 2 reward points per ₹100 on all categories, and Bank of Baroda prices a Prime point at ₹0.20 for cashback — so the real return is about 0.4%. Fuel earns no reward points at all, though a 1% fuel surcharge waiver applies. It is issued only on RuPay, so it links to UPI apps, and the age window is unusually wide at 18 to 85. Treat this as a credit-builder with a free rail to UPI, not a rewards card.

Key features

What this card is built to do — the highlights that actually matter.

🎁

Welcome Benefit

~₹100 in vouchers, points or cashback on card activation

⭐

0.4% on Other

2 reward points per ₹100 (~0.4% at ₹0.20/point) on all categories, including UPI spends. Fuel earns no reward points

✅

Lifetime Free

No annual fee — ever. Keep this card long-term without any recurring cost.

⛽

Fuel Surcharge Waiver

1% waiver on fuel transactions, capped at ₹250/month

📱

UPI Linked

Link to PhonePe, GPay or Paytm and earn credit card rewards on UPI payments

Full reward structure

Category	Type	Rate	Monthly cap
Other	reward points	0.4%	—

Fees & charges

Charge	Amount
Annual fee (incl. 18% GST)	Lifetime free
Joining fee (incl. 18% GST)	Free
Finance charge (APR)	3.75% p.m.
Forex markup	3.5%
Fuel surcharge waiver	1%, cap ₹250

Perks & benefits

Estimated annual value beyond rewards — ~₹1,200/yr in total.

⛽

fuel waiver ~ ₹1,200 /yr

1% fuel surcharge waiver at all fuel stations across India on transactions between ₹400 and ₹5,000, capped at ₹250 per statement cycle. Fuel spends earn no reward points

Should you get it?

Best for: Building or rebuilding a credit history, Thin-file applicants with no income proof, Students, retirees and the newly self-employed

Entry tier — great for first-time and lower-spend users.

Strongest value if you spend heavily on Other ( 0.4% back).

✓ Pros

No joining or annual fee — genuinely free to hold
Guaranteed issuance against a fixed deposit, with no income proof
Available from age 18 to 85 — an unusually wide window
Your fixed deposit keeps earning interest while the card builds history
UPI-linked RuPay — pay by scanning QR codes
1% fuel surcharge waiver at all fuel stations

✕ Cons

Secured card — requires a fixed deposit of ₹30,000 or more as collateral
Token rewards — 2 RP/₹100 at ₹0.20 a point is only ~0.4% back
Fuel transactions earn no reward points
Supermarkets, rent, government, education and several other MCCs earn nothing
3.5% forex markup — not for international transactions
Accidental-death cover withdrawn for cards issued after 15 July 2026

Eligibility & documents

Age

18 –85 years

Min. income

₹0 /mo

Employment

Salaried · Self-employed · Student · Other

Documents required

PAN card
Aadhaar / valid address proof
Fixed deposit of ₹30,000 or more
Recent passport-size photograph

How to redeem rewards

Ways to convert what you earn into real value.

🎁 Statement credit / cashback adjustment (₹0.20/point)

🎁 Online rewards catalogue (vouchers, merchandise)

🎁 Earn reward points on UPI transactions via linked apps

What your BOB Reward Points are worth

Realistic value per point by redemption route — the difference is what most people leave on the table.

Statement credit BEST Standard redemption

₹ 0.25 /pt

Gift voucher catalogue BEST Brand & e-gift vouchers

₹ 0.25 /pt

The concern It requires ₹30,000 locked in a fixed deposit, and the reward programme is token — ~0.4% at ₹0.20 a point, with no rewards on fuel. Once your credit score supports an unsecured card, almost anything will out-earn it.

The bottom line

This card earns its place through what it doesn't charge rather than what it pays back. With no joining or annual fee ever, the deposit backing it continues to draw interest while a repayment record builds — that combination is really the whole pitch. Rewards barely register: 2 points per ₹100, cashed out at ₹0.20 apiece, lands around 0.4%, near the bottom of what's available, and fuel spends are excluded entirely. Approach this as a low-cost way to establish or repair credit standing, not as a card chosen for what it pays out.

Sources & verification

Fees, reward rates, and benefits for the BOBCARD Prime Credit Card are taken from BOBCARD 's official Most Important Terms & Conditions (MITC) and fee schedule — see the card's official page . Last verified 7 Aug 2026 . Reviewed by Devchandra Sah . Always confirm current details on the issuer's site before applying. How we research →

Independence. CardAdvisor is an independent editorial publication. We are not affiliated with, endorsed by, sponsored by, or authorised to act for BOBCARD . All issuer names, product names, and payment-network marks are the property of their respective owners and appear here for identification and comparison only. Card faces shown on this site are our own original illustrations — we do not display or host issuer card artwork or logos.

Value timeline

Every real-world change to this card's rewards, fees and benefits we've tracked — newest first, each linked to its source.

Tracking since 2022 · 13 changes · last change Jul 2026

▲ Revaluation ▼ Devaluation ◆ Neutral / reversed

2026 2 changes — 2 cuts

▼ Benefit Observed 17 Jun 2026 · Effective 15 Jul 2026

Complimentary accidental death insurance withdrawn

Air + non-air accidental death cover included → No accidental death cover

BOBCARD withdrew the complimentary air and non-air accidental death insurance carried by the Prime card, which was explicitly named in the notice. Cards issued after 15 July 2026 get no cover, and existing cardholders lose it from 25 August 2026.