Exclusive rewards and privileges designed for ICMAI professionals
5X Reward Points on dining, online & utility bills
Just ₹1 joining fee with ZERO annual fee
12 complimentary domestic visits per year
Enter your details to get started
| Benefit | Details |
|---|---|
| Exclusive ICMAI Card | Specifically designed for Institute of Cost Accountants of India (ICMAI) members with tailored professional benefits |
| Lifetime Free Card | One-time joining fee of just ₹1 with no annual fees forever, making it one of the most affordable professional cards |
| Welcome Fitness Benefit | Complimentary 6-month FitPass Pro membership worth ₹15,000 to maintain your health and wellness |
| Accelerated Rewards | Earn 5X Reward Points on dining, online purchases, and utility bill payments—5 points per ₹100 spent |
| Interest-Free Credit | Enjoy up to 50 days of interest-free credit on all purchases from the transaction date |
| Attribute | Classification |
|---|---|
| Issuer / Provider | Bank of Baroda (BOBCARD) |
| Bank / Non-bank | Bank-affiliated |
| Category | Professional / Rewards |
| Type of Card | Professional Credit Card |
| Free or Paid | Lifetime Free (₹1 joining fee) |
The Bank of Baroda CMA ONE Credit Card is the ideal financial companion for ICMAI (Institute of Cost Accountants of India) professionals seeking a premium, feature-rich credit card without the burden of annual fees. As an exclusive offering for cost and management accountants, this card delivers exceptional value through accelerated rewards on everyday spending categories, complimentary airport lounge access, comprehensive insurance coverage, and attractive milestone benefits—all whilst being virtually free to own.
Professional Exclusivity: This card is exclusively available to all eligible and active ICMAI members, recognising the professional standing of cost and management accountants across India.
Lifetime Free Advantage: With a nominal one-time joining fee of just ₹1 and zero annual fees forever, this card offers premium benefits without the typical cost burden of professional credit cards.
Accelerated Reward Programme: Earn 5X Reward Points (5 points per ₹100) on high-frequency categories including dining, online purchases, and utility bill payments. Additionally, earn 1 Reward Point per ₹100 on all other retail spends.
Milestone Bonuses: Receive 500 bonus Reward Points on spending ₹5,000 within the first 60 days of card issuance. Earn an impressive 4,000 bonus Reward Points every quarter when you spend more than ₹1 lakh or your total credit limit, whichever is higher.
Complimentary Fitness Membership: Welcome benefit includes 6 months of FitPass Pro membership valued at ₹15,000, giving access to 5,500+ gyms and fitness centres across 100+ cities in India.
Airport Lounge Access: Enjoy 12 complimentary domestic airport lounge visits per year (3 visits per quarter) at partner lounges across India, subject to spending ₹40,000 in the preceding calendar quarter (effective from 1st January 2025).
Reduced Forex Markup: Save on international transactions with just 2% forex markup—significantly lower than the standard 3.5% charged by most credit cards, making it ideal for international travel and foreign currency purchases.
Comprehensive Insurance Coverage: Benefit from built-in Professional Indemnity Insurance of up to ₹5 lakhs, Air Accident Death Cover of ₹15 lakhs, and Non-Air Accident Death Cover of ₹5 lakhs.
Smart EMI Facility: Convert any purchase of ₹2,500 or more into convenient EMIs with tenures ranging from 6 to 48 months, helping manage large expenses effortlessly.
Contactless Payments: Enabled with secure chip technology for fast, safe, and convenient contactless payments up to ₹5,000 without PIN entry.
Fuel Surcharge Waiver: Enjoy 1% fuel surcharge waiver on transactions between ₹400 and ₹5,000 at all fuel stations across India, with a maximum waiver of ₹250 per statement cycle.
Add-on Cards: Get up to 3 lifetime free add-on cards for your spouse, parents, siblings, or children above 18 years of age, sharing the same benefits and credit limit.
Interest-Free Period: Benefit from up to 50 days of interest-free credit from the transaction date, provided previous dues are fully paid.
Zero Liability Protection: Report lost or stolen cards immediately to ensure zero liability on fraudulent transactions, protecting your finances.
The CMA ONE Credit Card stands out as a comprehensive financial tool designed specifically for cost and management professionals, offering premium features typically found on high-fee cards whilst maintaining lifetime free status.
5X Reward Points on Premium Categories
Earn 5 Reward Points per ₹100 spent on:
Dining and restaurant spends
Online purchases and e-commerce transactions
Utility bill payments
Maximum of 1,000 Reward Points can be earned per statement cycle in these categories.
Further spends in the same statement cycle on these categories will earn points at the regular rate.
1X Reward Points on Other Spends
Earn 1 Reward Point per ₹100 on all other retail purchases.
Excludes fuel transactions, which do not earn Reward Points.
Minimum transaction value may apply.
UPI Transactions
UPI transactions are eligible only for core Reward Points (1 point per ₹100).
UPI transactions do not qualify for 5X bonus rewards.
Same exclusions apply as regular transactions.
FitPass Pro Membership
Complimentary 6-month FitPass Pro membership worth ₹15,000.
Access to 5,500+ gyms and fitness centres across 100+ cities.
Includes unlimited gym visits, yoga classes, Zumba, and more.
Benefit expires 60 days from card issuance date.
Applicable on primary card only.
Activation instructions shared after card issuance.
Welcome Bonus Reward Points
Earn 500 bonus Reward Points on spending ₹5,000 or more within 60 days of card issuance.
Points credited to account within 90 days of achieving the milestone.
Monthly Milestone
Earn 1,000 bonus Reward Points on completing 5 transactions of ₹1,000 or more each within a calendar month.
Eligible transactions must be retail purchases.
Excludes fuel, wallet loads, EMI conversions, and cash advances.
Quarterly Milestone
Earn 4,000 bonus Reward Points every quarter on spending more than ₹1 lakh or your total credit limit, whichever is higher.
Potential to earn up to 16,000 bonus Reward Points annually through this benefit alone.
Points credited within 90 days of quarter-end.
Cashback Redemption
Redeem accumulated Reward Points for cashback at the rate of 1 Reward Point = ₹0.25.
Directly credited to your credit card statement, reducing your outstanding balance.
No minimum redemption requirement for cashback (subject to bank policies).
Can be done through BOBCARD customer portal, mobile app, or by contacting customer care.
BOBCARD Rewards Catalogue
Redeem Reward Points for a wide range of products, vouchers, and experiences.
Options include electronics, lifestyle products, dining vouchers, and shopping vouchers.
Redemption value and options vary based on the catalogue.
Access the rewards portal through online.bobcard.co.in or the BOBCARD mobile app.
Reward Points Validity
Reward Points earned on this card have no expiry date.
Accumulated points remain valid as long as the card account is active and in good standing.
In case of card closure, unredeemed points will be forfeited.
Domestic Airport Lounge Access
12 complimentary domestic airport lounge visits per year (3 visits per quarter).
Effective 1st January 2025, lounge access is subject to minimum spends of ₹40,000 in the preceding calendar quarter.
Access to partner domestic airport lounges across India.
Present your BOBCARD CMA ONE Credit Card at the lounge entrance for access.
View the complete list of partner lounges at bobcard.co.in
Reduced Forex Markup
Enjoy just 2% forex markup on all international transactions.
Significantly lower than the standard 3.5% charged by most credit cards.
Applicable on all foreign currency transactions including purchases abroad, international online shopping, and foreign currency ATM withdrawals.
Saves substantial amounts for frequent international travellers.
Professional Indemnity Insurance
Coverage of up to ₹5 lakhs for professional indemnity claims.
Specifically designed for ICMAI professionals.
Coverage details and claim procedures available in policy documents.
Air Accident Cover
Air Accident Death Cover of ₹15 lakhs.
Covers death or permanent disability due to air accidents.
Automatic coverage whilst travelling as a fare-paying passenger.
Non-Air Accident Cover
Non-Air Accident Death Cover of ₹5 lakhs.
Covers death or permanent disability due to non-air accidents.
Complimentary coverage for all cardholders.
Note: Insurance terms and conditions apply. Coverage is subject to insurance policy terms. Refer to policy documents for complete details.
Fuel Surcharge Waiver
1% fuel surcharge waiver on transactions between ₹400 and ₹5,000 at all fuel stations across India.
Maximum waiver of ₹250 per statement cycle.
GST component is not reversed.
Fuel transactions do not earn Reward Points.
Smart EMI Facility
Convert purchases of ₹2,500 or more into Easy Monthly Instalments.
Flexible tenures from 6 to 48 months available.
Competitive interest rates on EMI conversions.
Can be done through BOBCARD customer portal, mobile app, or customer care.
Contactless Payments
Chip-enabled card for secure contactless payments.
Make payments up to ₹5,000 without PIN entry.
Faster checkout experience at merchants with contactless terminals.
Enhanced security with encrypted transaction technology.
Add-on Cards
Get up to 3 lifetime free add-on credit cards.
Available for spouse, parents, siblings, or children above 18 years.
Add-on cardholders share the primary cardholder's credit limit.
Same benefits and features available on add-on cards.
No separate fees for add-on cards.
Enjoy up to 50 days of interest-free credit from the transaction date.
Interest-free period calculated from the transaction date to the payment due date.
To avail full interest-free benefit, previous month's outstanding must be paid in full.
Interest-free period does not apply to cash advances and EMI conversions.
Report lost, stolen, or compromised card immediately to BOBCARD.
Zero liability on fraudulent transactions reported promptly.
24x7 customer service available for card blocking and reporting.
Replacement card issued free of charge.
Reward Points are not earned on the following transaction types:
Fuel purchases
Wallet loads and prepaid card reloads
Cash advances and cash withdrawals
EMI conversions and processing fees
Card fees and charges
Late payment fees and interest charges
Government-related payments
Insurance premium payments
Certain utility transactions above ₹50,000 (effective January 2025)
Fuel transactions above ₹10,000 (effective January 2025)
Disclaimer: The card features, benefits, application process, and other details mentioned above are accurate at the time of writing but may change without prior notice. Please refer to the official BOBCARD website or contact customer care for the most current information.
| Fee Type | Amount | Details |
|---|---|---|
| Joining Fee | ₹1 | One-time nominal charge. No GST applicable |
| Annual Fee | NIL | Lifetime free—no annual fees charged |
| Interest Rate (APR) | 3.49% per month (41.88% annually) | Applicable on outstanding balances not paid by due date |
| Foreign Currency Markup | 2% + GST (~2.36%) | Significantly lower than standard 3.5%; applicable on all international transactions |
| Cash Advance Fee | 2.5% or ₹300 (whichever is higher) | Applicable on domestic ATM cash withdrawals |
| Cash Advance Fee (International) | 3% or ₹300 (whichever is higher) | Applicable on international ATM cash withdrawals |
| Cash Advance Limit | 20-40% of credit limit | Maximum cash withdrawal limit; varies by creditworthiness |
| Late Payment Charges | Varies by outstanding amount | Charged when minimum amount due is not paid by due date; percentage-based |
| Over-Limit Penalty | As per bank policy | Charged when spending exceeds assigned credit limit |
| Payment Return Charges | As per bank policy | Charged when payment cheque/instruction is returned or dishonoured |
| Duplicate Statement Charges | As per bank policy | May be charged for requesting duplicate physical statements |
| Railway Ticket Purchase Fee | 1% of transaction amount + GST | May be charged on railway ticket bookings; subject to change |
| Rent Payment Fee | 1% of transaction amount | Applicable on rent payments made using the credit card |
| Wallet Load Fee | 1% of transaction amount | Effective January 2025, applicable on wallet loading transactions |
| Utility Transactions Fee | 1% processing fee | Effective January 2025, applicable on utility transactions above ₹50,000 |
| Fuel Transactions Fee | 1% processing fee | Effective January 2025, applicable on fuel transactions above ₹10,000 |
| Goods & Services Tax (GST) | 18% | Applicable on all fees, interest, and other credit card charges |
| Criteria | Details |
|---|---|
Professional Membership | Must be an eligible and active member of ICMAI (Institute of Cost Accountants of India) |
Age | Primary cardholder: 21 to 75 years for salaried and self-employed applicants; Add-on cardholder: Minimum 18 years |
Citizenship | Must be a Resident of India |
Income - Salaried | Minimum net annual income of ₹3 lakhs or above |
Income - Self-Employed | Minimum annual ITR of ₹3 lakhs or above |
Credit Score | Good CIBIL score (ideally 750-900) recommended for faster approval |
Employment Status | Applicable for both salaried and self-employed individuals |
| Document Type | Details |
|---|---|
| ICMAI Membership Proof | Photocopy of valid ICMAI Membership Card (Mandatory for eligibility) |
| Identity Proof | Any one of the following: Aadhaar Card, PAN Card, Passport, Driving Licence, Voter ID Card |
| Address/Residence Proof | Any one of the following: Aadhaar Card, Passport, Driving Licence, Voter ID Card, Utility Bill (not older than 3 months) |
| Income Proof (Salaried) | Latest salary slip or Last 3 months' salary slips, Bank statement (last 6 months), Form 16 |
| Income Proof (Self-Employed) | Latest ITR (Income Tax Return) copy with computation, Business proof documents, Bank statement (last 6 months) |
| PAN Card | Mandatory for all credit card applications in India |
| Recent Photograph | Passport-size photograph (may be required) |
| Alternative Documentation | If you already hold another credit card, you can provide a copy of that card along with the latest bill statement as alternative income proof |
Step 1: Click on Apply Now - Hit the 'Apply Now' button on the BOBCARD website or through the official application portal to start your application.
Step 2: Fill in Your Details - Enter your personal information including name, date of birth, contact details, residential address, employment details, income information, and ICMAI membership number.
Step 3: Upload Required Documents - Upload clear copies of PAN Card, ICMAI Membership Card, Aadhaar Card or other address proof, income proof, and recent photograph in PDF or image format.
Step 4: Complete e-Signing with Aadhaar - Provide your Aadhaar number, receive OTP on registered mobile, and enter OTP to complete digital signing process.
Step 5: Video KYC Verification - Schedule Video KYC or proceed immediately. Keep original documents ready, connect with BOBCARD representative via video call, and complete identity verification.
Step 6: Submit Your Application - Review all details for accuracy, ensure all documents are properly uploaded, and click Submit.
Step 7: Track Application Status - Note your application reference number and track status online at bobcard.co.in/track-application or call 1800 2090.
Step 8: Approval & Card Delivery - Once approved (typically 7-10 working days), virtual card is activated immediately. Physical card delivered to registered address within 7-10 working days.
| Usage Tips | Details |
|---|---|
Activate Your Card First | Upon receiving your card, activate it immediately by calling 1800 2090, using the BOBCARD mobile app, or through the customer portal at online.bobcard.co.in |
Set Up Your PIN | Set a secure 4-digit PIN through the mobile app, customer portal, or by calling customer care. Required for ATM transactions and certain point-of-sale purchases |
Maximise 5X Rewards | Use your card for all dining, online purchases, and utility bill payments to earn 5X Reward Points (up to 1,000 points monthly in these categories) |
Track Monthly Caps | Monitor your Reward Points earnings across different categories to optimise spending before hitting the 1,000-point cap per statement cycle for 5X categories |
Achieve Milestone Bonuses | Complete 5 transactions of ₹1,000 or more each month to earn 1,000 bonus points. Aim to spend ₹1 lakh per quarter for 4,000 bonus points |
Use for International Spends | Take advantage of the low 2% forex markup for international transactions, significantly better than the standard 3.5% on most cards |
Enable Card for International Use | Before travelling abroad, enable your card for international transactions through the BOBCARD mobile app or by calling customer care to avoid transaction declines |
Pay Utility Bills | Use your card for electricity, water, gas, mobile, broadband, and other utility payments to earn 5X Reward Points whilst managing household expenses |
Monitor for Lounge Qualification | Track your quarterly spends to ensure you reach ₹40,000 in the preceding quarter to qualify for 3 complimentary domestic lounge visits in the current quarter |
Convert Large Purchases to EMI | For purchases of ₹2,500 or more, consider converting them to Smart EMIs (6-48 months) to manage cash flow better |
Redeem Points Regularly | Redeem your Reward Points for cashback at ₹0.25 per point or explore the BOBCARD rewards catalogue for products and vouchers |
Use Contactless Payments | For purchases up to ₹5,000, simply tap your card at contactless-enabled terminals for faster, more convenient payments |
Pay Full Amount Monthly | Always pay the full outstanding amount by the due date to enjoy the interest-free credit period and avoid interest charges of 3.49% per month |
Set Up Auto-Pay | Enable auto-debit from your savings account to ensure timely payments and avoid late payment charges |
Register for Alerts | Enable SMS and email alerts for all transactions, due date reminders, and reward point credits for better card management |
Track Spending Online | Regularly check your transactions and statements through the BOBCARD mobile app or online portal at online.bobcard.co.in |
Report Lost/Stolen Card Immediately | If your card is lost or stolen, immediately call 1800 2090 or SMS 'BLOCK <last 4 digits>' to 9223172141 to prevent fraudulent transactions |
Avoid Cash Advances | Cash withdrawals attract immediate interest charges and fees; use your card for purchases only to maximise benefits |
Keep Documents Handy | Maintain copies of your card statements and transaction records for future reference and tax purposes |
The Bank of Baroda (BOBCARD) CMA ONE Credit Card is designed for users who want to maximize their credit card benefits effectively.
Disclaimer: The information provided on this page has been gathered from various reliable sources and is intended solely for general informational purposes. As details may change over time, we do not guarantee the accuracy or completeness of the content. Users are advised to verify the information with official or relevant sources before making any decisions or taking action.
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