Like the ICAI BoB Exclusive Credit Card for ICAI members, the Bank of Baroda also offers the ICSI Diamond Credit Card exclusively for ICSI members. It is a lifetime free card that comes with various exciting benefits across different categories. You get the welcome gift of complimentary FitPass pro membership and 1,000 bonus Reward points. With a reward rate of up to 5 Reward Points on every spend of Rs. 100, the cardholders get an opportunity to earn 999 bonus Rewards every month. Other than this, you can earn 3,999 bonus Reward Points every quarter on achieving the spending milestone. Talking about its travel benefits, you get complimentary airport lounge access every year and free air accident insurance coverage as well. Moreover, the reduced forex markup fee of 2% makes it card a suitable card for international transactions. Other benefits of this card include a fuel surcharge waiver, zero liability protection, and many more. For more information about the BoB ICSI Diamond Credit Card, keep reading:
- Joining Fee- Nil
- Renewal Fee- Nil
- Best Suited For- Travel | Shopping
- Reward Type- Reward Points
- Welcome Benefits- Get free Fit Pass Pro membership for 6 months and 1,000 bonus Reward Points.
Rewards and Benefits
- Movie & Dining- NA
- Rewards Rate- 1 Reward Point on every spend of Rs. 100 and 5x Rewards on utility bills, dining, and online purchases.
- Reward Redemption- The earned rewards can be redeemed against cashback at a rate of 1 Reward point = Re. 0.25.
- Travel- Get free domestic lounge access every year
- Golf- NA
- Domestic Lounge Access- Get 12 complimentary domestic lounge access every year (3 per quarter)
- International Lounge Access- NA
- Insurance Benefits- Get an accidental insurance cover worth Rs. 15 lakhs, non-air accident cover worth Rs. 5 lakhs.
- Zero Liability Protection- The cardholders get a zero liability protection against a lost or stolen card if they report the loss to the bank in a timely manner.
Fees & Charges
- Spend based Waiver- NA
- Rewards Redemption Fee- Nil
- Foreign Currency Markup- 2% of the total transaction amount
- Interest Rates- 3.49% per month
- Fuel Surcharge- 1% fuel surcharge waiver on all fuel spends between Rs. 400 and Rs. 5,000
- Cash Advance Charge- 2.5% (3% at international ATMs) of the withdrawn amount, subject to a minimum of Rs. 300.
- Add-on Card Fee- Nil
Product Details
- Get a welcome benefit of 1,000 bonus Reward Points.
- Complimentary 6 months Fit pass Pro membership.
- Get up to 5 Reward Points on every Rs. 100 you spend.
- Get free domestic lounge access every year.
- Get a low forex markup fee of 2% only.
- Get air accidental covers worth Rs. 15 lakhs.
- Get additional 999 bonus Rewards every month.
- Earn 3,999 bonus rewards every quarter as milestone benefits.
- Get a 1% fuel surcharge waiver on all fuel spends.
Bank of Baroda ICSI Diamond Credit Card Features and Benefits
The ICSI Diamond Credit Card issued by the Bank of Baroda comes with various exclusive privileges across different categories, including rewards, travel, and many more. To know all its features and benefits in detail, refer to the below-mentioned information:
Welcome Benefits
- You get a complimentary 6-month FitPass Pro membership.
- You get 1,000 bonus Reward Points on activating your credit card within the first 30 days of card issuance.
Milestone Benefits
- You get 3,999 bonus reward Points every quarter on spending more than your total credit limit in a quarter.
- Get 999 bonus Reward Points every month on making at least 5 transactions worth Rs. 1,000 or more in a month.
Travel Benefits
- The cardholders get 12 complimentary domestic lounge access every year with the BoB ICSI Diamond Credit Card (capped at 3 visits per quarter).
- Moreover, the card has a low forex markup fee of 2%, making it a suitable card for international transactions.
Insurance Benefits
- The cardholders get insurance coverage worth Rs. 15 lakhs against death due to personal air accident.
- You also get an insurance cover worth Rs. 5 lakhs against non-air accident and a Professional Indemnity Insurance Cover worth Rs. 5 lakhs.
Fuel Surcharge Waiver
- You get a 1% fuel surcharge waiver on all fuel transactions between Rs. 400 and Rs. 5,000.
- The maximum waiver per month is capped at Rs. 250.
Bank of Baroda ICSI Diamond Credit Card Reward Points
The reward rates offered by BoB ICSI Diamond Credit Card in different categories are as follows:
- The cardholders get 1 Reward Point on every retail spend of Rs. 100.
- The card offers 5x rewards on all your spends on utility, dining, and online purchases.
- No Reward Points are earned on fuel purchases.
Reward Redemption
- The Reward Points earned using the Bank of Baroda ICSI Diamond Credit Card can be redeemed against cashback and various options available at the BoB Rewards portal.
- 1 Reward Point = Re. 0.25.
BoB ICSI Diamond Credit Card Fees and Charges
Some very important fees and charges associated with the Bank of Baroda ICSI Diamond Credit Card are mentioned below:
- This credit card is a lifetime free card, i.e, you don’t need to pay any joining or annual membership fee for it.
- The interest rate on the BoB ICSI Diamond Credit card is 3.49% per month.
- The foreign currency markup fee on this credit card is very low, i.e. 2% of the total transaction amount.
- The cash advance fee on this credit card is 2.5% or Rs. 300 at domestic ATMs and 3% subject to a minimum of Rs. 300 at international ATMs.
Bank of Baroda ICSI Diamond Credit Card Eligibility Criteria
The eligibility criteria that the applicants need to fulfill in order to get approved for the BoB ICSI Diamond Credit card are as follows:
- The applicant should be an active ICSI member.
- The age of the add-on cardholder should be a minimum of 18 years.
- The applicant’s credit score might also affect the card issuer’s decision.
- The applicant should be a resident of India.
Documents Required
The list of documents required to apply for the Bank of Baroda ICSI Diamond Credit Card is given below:
- Photocopy of the applicant’s PAN Card.
- ICSI Membership Card’s photocopy.
- Recent photograph(Passport sized).
- Latest salary slips/latest ITR.
- Current Address proof (such as Passport latest utility bills, Aadhar Card, etc).
How To Apply For The Bank of Baroda ICSI Diamond Credit Card?
You can apply for the Bank of Baroda ICSI Diamond Credit Card online as well as offline as per your mode of comfort. You can apply for it offline by visiting the nearest BoB branch to you with all the aforementioned documents and filling out the physical application form. To apply online for this card, follow the steps given below:
- Visit Bob Financial’s official website.
- Under the ICSI Diamond Credit Card, click on the option ‘Apply Now.’
- Fill in all the necessary details in the digital application form.
- Review your application form carefully and submit it after completion.
Conclusion
The BoB ICSI Diamond Credit Card is a great option for ICSI members as it is exclusively made for them and comes with a zero membership fee. The cardholders can avail of all the above-mentioned privileges including lounge access, insurance benefits, etc, absolutely for free. Moreover, the reduced markup fee of this card is a great plus as it lets you make international transactions with minimal charges. So, if you are eligible for the BoB ICSI Diamond Credit Card, you should definitely apply for it. If you have any additional doubts related to this card, make sure to ask us in the comment section below!
