All cards / Bank of Baroda
BOBCARD Micro Enterprise Credit Card
A RuPay business card for micro and small enterprises, covered under the government's CGTMSE credit-guarantee scheme. Its standout is an 18% a year finance charge, far below the usual 42–45%, which matters if you revolve working-capital spends; rewards are a token 0.25%.
Annual fee
₹500
Joining fee
₹0
Reward type
points
Base reward rate
0.25%
Card network
RuPay
Card tier
Entry
Who this card fits
Best suited to self-employed applicants who clear the standard eligibility bar. Its annual fee waives if you can comfortably clear the spend threshold.
Rewards & benefits
- Rewards rate: 0.25% base rate
- Reward redemption: Cashback at 1 point = ₹0.25; Pay with Rewards at 1 point = ₹0.15
Benefits by category
- 🌍 Forex / international spend
3.5% forex markup on international transactions
Eligibility
- Employment: self-employed
Fees & charges
- Spend-based waiver: Waived on annual spend of ₹50,000
- Foreign currency markup: 3.5%
- Interest rate: 1.5% p.a.
- Fuel surcharge waiver: 1% waiver on fuel transactions of ₹400–₹5,000, up to ₹250 per statement cycle (fuel earns no points)
- Cash advance charges: 2.5% of the amount withdrawn or ₹500, whichever is higher; interest from the date of withdrawal
Benefits
- 1 reward point per ₹100 on eligible spends
- Low 1.5% monthly (18% a year) finance charge; up to 50 days interest-free; UPI-linkable RuPay card
Pros
- + Finance charge of 1.5% a month vs 3.75% on regular BOBCARDs
- + ₹500 annual fee waived on ₹50,000 spend; joining fee waived
- + Links to UPI for supplier and daily business payments
Cons
- − CGTMSE guarantee fee of 0.55% of the sanctioned limit
- − Only 0.25% rewards and no travel perks
- − Wallet loading not allowed; 3.5% forex markup