The smart business card for proprietors and self-employed professionals
Annual fee waived on milestone spends
1 Point per ₹100 spent
1% surcharge waiver
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| Benefit | Details |
|---|---|
| Accelerated Rewards | Earn 5X* reward points on spending at departmental stores and movie tickets, i.e., 5 reward points per ₹100 spent. |
| Welcome Bonus | Get 500 reward points on spending ₹5,000 within 60 days of card issuance. |
| Fee Waiver | Joining fee waived on spending ₹6,000 within 60 days. Annual fee waived on spending ₹35,000 in a year. |
| Low Annual Fee | Annual fee of ₹500 + GST, easily waivable with moderate spending. |
| Fuel Surcharge Waiver | 1% fuel surcharge waiver on transactions between ₹400 and ₹5,000, with a maximum benefit of ₹250 per statement cycle. |
| Cashback Redemption | Redeem your reward points as cashback at 1 reward point = ₹0.20. |
| Attribute | Classification |
|---|---|
| Issuer / Provider | BOB Financial Solutions Ltd. (Bank of Baroda) |
| Bank / Non-bank | Bank-affiliated |
| Category | Shopping / Everyday Rewards |
| Type of Card | RuPay |
| Free or Paid | ₹500 Annually (waived on spends of ₹35,000) |
The Bank of Baroda Empower Credit Card is an excellent choice for proprietors and self-employed professionals looking for a smart solution to manage business expenses. This card is specifically designed to help small business owners streamline their financial operations while earning rewards on every purchase. With features like business name customisation, unlimited cashback, and convenient tracking, it serves as more than just a payment tool. It's a business empowerment solution.
Business Name on Card: Personalise your card with your business name to easily streamline internal settlement processes through cashless transactions.
Global Acceptance: Use your card at millions of outlets worldwide, making it versatile for both domestic and international business purchases.
Cash Withdrawals: Access cash from ATMs globally when needed for business emergencies.
Contactless Payments: The card is enabled with wireless chip technology for secure and faster payments in contactless mode.
Vendor Negotiation Support: Helps negotiate with vendors for better deals depending on your location and frequency of spend.
24x7 Customer Support: Get quick assistance through round-the-clock IVR support (Toll-free: 1800-103-1006).
Interest-free Credit: Support your business needs with interest-free credit of up to 50 days.
1 Reward Point: Earn 1 reward point per ₹100 spent on all eligible transactions.
Unlimited Earning: No maximum capping on reward points, allowing unlimited cashback potential.
Note: The reward programme is not applicable to select MCCs and fuel transactions. Visit bobcard.co.in/most-important-terms-and-condition to know Reward Points Important Terms and Conditions.
Cashback Redemption: All accumulated reward points can be redeemed for cashback at the rate of ₹0.25 per reward point.
Simple Redemption Process: Redeem your points easily through the BOBCARD portal or mobile app.
Note: Redemption is straightforward, with cashback being the primary redemption option, providing direct value back to your account.
500 Reward Points: Receive 500 reward points on making your first transaction after card approval.
Immediate Value: These welcome bonus points can be redeemed as cashback worth ₹125.
Annual Fee Waiver: Spend ₹50,000 in every anniversary year to get the next year's annual fee of ₹250 reversed automatically.
Note: This makes the card practically free for regular users who meet the annual spending threshold.
1% Waiver: Get a 1% fuel surcharge waiver on transactions between ₹400 and ₹5,000 at fuel stations across India.
Maximum Benefit: The maximum waiver is ₹250 per statement cycle.
Air Accidental Death Cover: ₹15 lakh coverage for air accidents.
Non-Air Accidental Death Cover: ₹5 lakh coverage for non-air accidents.
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.
| Fee Type | Amount | Details |
|---|---|---|
| Joining Fee | ₹500 + GST | One-time charge when the card is issued. Waived on spending ₹6,000 within 60 days. |
| Annual Fee | ₹500 + GST | Charged every year. Waived if annual spends are ₹35,000 or more. |
| Fuel Surcharge Waiver | 1% on transactions between ₹400–₹5,000 | Maximum benefit of ₹250 per statement cycle at fuel stations. |
| Criteria | Details |
|---|---|
Age (Salaried Individuals) | 21 to 60 years |
Age (Self-Employed Individuals) | 24 to 65 years |
Age (Add-on Cardholders) | Above 18 years |
Nationality | Indian resident |
Minimum Annual Income | ₹3 Lakhs for salaried individuals |
Other Criteria | Regular source of income, good credit score, valid PAN card, valid Aadhaar card or any government-issued address proof |
| Document Type | Details |
|---|---|
| Identity Proof | PAN Card, Aadhaar Card, Voter ID Card, Passport, or Driving Licence |
| Address Proof | Aadhaar Card, Voter ID Card, Passport, Driving Licence, Ration Card, Utility Bills (not more than 3 months old) |
| Income Proof | Salaried: Bank Statement reflecting salary credit for last 2 months, Salary Slips (with bank statement). Self-Employed: Bank Statement displaying business transactions for last 3 months and other financial documents |
| Photograph | Recent passport-size photograph with clear/white background and without dark/tinted glass |
Click on Apply Now: Hit the 'Apply Now' button to start your application.
Fill in Your Detail: Enter your personal, contact, and financial details in the application form.
Upload Required Documents: Upload your PAN Card, Aadhaar/Address Proof, and Income Proof.
Submit Your Application: Review all the details and click Submit.
Approval & Card Delivery: Once approved, your BOB Empower Credit Card will be delivered to your registered address.
| Usage Tips | Details |
|---|---|
Maximise Rewards | Use the card for shopping at departmental stores and movie tickets to earn 5X reward points. |
Redeem Reward Points | Redeem accumulated points for cashback at 1 point = ₹0.20 through the BOB rewards portal. |
Fuel Savings | Use the card at fuel stations for transactions between ₹400-₹5,000 to avail 1% fuel surcharge waiver. |
Track Spending | Monitor your spending and reward points through the BOB Card mobile app or online portal. |
Set Up Alerts | Enable transaction alerts to stay informed about your spending and reward accumulation. |
Meet Fee Waiver Targets | Spend ₹6,000 in first 60 days and ₹35,000 annually to enjoy zero annual fees. |
The Bank of Baroda Empower 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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