CMA One BOBCARD – Rewards, Fees & Eligibility

Rewards

Base reward rate: Earn 1 point per ₹100 on most spends, with 5 points per ₹100 on dining, online, and utility bills.
Redemption options: flights, cashback, vouchers
Redemption value: 1 Pt = ₹0.25

Exceptional welcome benefit for a zero-fee card, offering a 6-month FitPass Pro membership valued at ₹15,000.
High accelerated reward rate of 5 points per ₹100 (effectively 1.25% cashback) on common spending categories like dining, online, and utility bills.
Cost-effective for international use with a low foreign currency markup of 2.00%, significantly better than the industry standard of 3.5%.
Generous travel perk with 12 complimentary domestic lounge visits annually (3 per quarter), a high number for a card with no annual fee.
Offers a consistent monthly milestone bonus of 1,000 reward points for making just 5 transactions of ₹1,000 or more.
Virtually Lifetime Free with a nominal joining fee of ₹1 and zero annual fees thereafter.

Strict eligibility criteria as the card is exclusively available to members of the Institute of Cost Accountants of India (ICMAI).
The valuable domestic lounge access is spend-gated, requiring a minimum quarterly spend of ₹40,000 to unlock the benefit.
Very low base reward rate of just 1 point per ₹100 (effectively 0.25% cashback), making it unrewarding for spends outside bonus categories.
Key payment methods are devalued, as UPI transactions are explicitly excluded from the 5X accelerated rewards and only earn the base rate.

ICMAI members who prioritize rewards on dining, online, and utility bills, along with wellness benefits.