SNAPDEAL BOBCARD Credit Card

SNAPDEAL BOBCARD Credit Card

With the aim of providing its customers with the best shopping experiences, BOBCARD has tied up with Snapdeal and added the exclusive co-branded shopping credit card to its portfolio. The benefits of this card are mostly restricted to the shopping category. However, there is a really good reward rate on certain other spends as well. All its features are given below in detail:

Welcome Benefits

As an introductory benefit, the cardholders receive 500 Reward Points on making spends of ₹5,000 or more in the first 30 days of card issuance.

Fuel Surcharge Waiver

• The cardholder gets a 1% fuel surcharge waiver on all fuel transactions between ₹400 and ₹5,000.
• The maximum benefit under this waiver is capped at ₹250 per month.

Zero Liability Protection

With this BOBCARD Snapdeal Credit Card, the cardholders get zero liability protection, i.e, the cardholders won’t be liable for any unauthorized/fraudulent purchases made on a lost/stolen card if reported to the bank in a timely manner.

Snapdeal BOBCARD Credit Card Rewards

The reward rates offered by the Snapdeal BOBCARD Credit Card in different categories are given below in detail:

• The cardholders get a 5% cashback (20 Reward Points on every spend of ₹100) on shopping on the Snapdeal app/website.
• The cardholders get 2.5% cashback (10 Reward Points on every spend of ₹100) on departmental stores, online spends, and grocery purchases. The Reward Points under this category are capped at 2,000 points per month.
• You get 4 Reward Points on every other retail spend of ₹100.

Reward Redemption

The Reward Points earned using the Snapdeal BOBCARD Credit Card are automatically adjusted against the card’s outstanding balance at the end of each statement cycle. The monetary value of 1 Reward Point is equal to ₹0.25.

Snapdeal BOBCARD Credit Card Fees and Charges

There are certain important fees and charges associated with the Snapdeal BOBCARD Credit Card, which are as mentioned below:

• The joining and annual fee of this credit card is ₹249 plus applicable taxes.
• The interest rate on the BOBCARD Snapdeal Credit card is 3.6% per month.
• The foreign currency markup fee on this credit card is 3.5% of the total amount.
• The Snapdeal BOBCARD Credit Card charges a cash withdrawal fee of 2.5% of the withdrawn amount, subject to a minimum of ₹500.
• There is no add-on card fee charged on this card. You can get up to 3 free add-on cards with every primary card.

Snapdeal BOBCARD Credit Card Eligibility Criteria

The eligibility requirements that are required to be fulfilled in order to get approved for the BOBCARD Snapdeal Credit Card are as follows:

• The age of primary cardholders should lie between 21 years & 65 years, and that of the supplementary cardholders should be above 18 years.
• The minimum required income for salaried people is ₹3.6 lakhs per annum.
• The minimum required income for self-employed people is ₹4.8 lakhs per annum.
• The applicants should have a decent credit history.

How to Apply for the Snapdeal BOBCARD Credit Card?

To apply online for this credit card, you can proceed further as follows:

• Click on ‘Apply Now.’
• Fill in all the required details and follow all other steps carefully.
• Submit your application.

Bottom Line

The Snapdeal BOBCARD Credit Card is a great shopping card that comes with a really affordable annual membership fee and offers great reward rates. Along with the best online shopping cards like Flipkart Axis Bank Card and Amazon Pay ICICI Credit Card, this card can also be added to the list now. The redemption process of this card is quite hassle-free, as the reward points are automatically adjusted against the card’s statement balance. Though there are not so many benefits across other categories like travel, dining, etc, it is still not a bad deal to get this card with such a nominal fee. If you are wise enough to maximize the benefits of a credit card, you can easily save a lot using it.

This was our review of the BOBCARD Snapdeal Credit Card. Make sure to let us know your views on this card in the comment section below!