BOBCARD Empower Credit Card

BOBCARD Empower Credit Card Features and Benefits

The Empower Credit Card issued by BOBCARD is a great business card that provides customers with various benefits, along with fulfilling their credit requirements. From a decent reward rate to insurance benefits and other privileges, all the benefits and features of this card are given below in detail:

Spend-Based Waiver

The annual fee of Rs. 250 is waived if you spend Rs. 50,000 or more in the previous anniversary year using your Empower Credit Card. So, one can easily make their card lifetime free by achieving this nominal annual spend.

Fuel Surcharge Waiver

• Cardholders also get a 1% fuel surcharge waiver on all fuel transactions between Rs. 400 and Rs. 5,000.
• The maximum waiver is capped at Rs. 250 per month cycle for this credit card.

Easy Tracking of Spends and Bill Settlement

• The owners can easily track all the expenses made by their employees using the BoB Empower Card.
• All the credit cards are billed on the same day, and hence it becomes easier for you to clear the bills.

Empower Credit Card Reward Points

The reward rates offered by the BOBCARD Empower Credit Card in different categories are as mentioned below:

• Cardholders will earn 5 Reward Points for every ₹100 spent on utility payments such as electricity or water bills. However, the maximum reward they can earn from these spends is 1,000 points in one statement cycle.
• Cardholders earn 1 Reward Point for every Rs. 100 of retail spend.
• No Reward Points are accumulated on fuel transactions.

Reward Redemption

• The Reward points that you earn using the Empower Credit Card can be redeemed against different options available at the BoB Rewards portal.
• The RPs can also be redeemed against cashback at a rate of 1 RP = Re. 0.25.

BOBCARD Empower Credit Card Eligibility Criteria

The eligibility criteria that you have to fulfill in order to get approved for the Bank of Baroda Empower Credit Card are listed below:

• The age of the cardholders should lie between 21 years and 65 years.
• The applicant should be an Indian resident.
• The minimum required income for BoB customers is 2.4 lakhs per annum.
• The minimum required income for non-BoB customers is 4.8 lakhs per annum.

Bottom Line

The Empower Credit Card issued by BOBCARD is a great option for those with a small business or who have just started one and need a credit card to meet basic credit requirements. Along with offering several exciting privileges across different categories, the Empower Card also makes it convenient for you to track all the card’s spending and make the bill payment all at once.

However, BOBCARD also offers other business cards, such as the BOBCARD CORPORATE Credit Card, which requires slightly stricter eligibility criteria. You can also check that out and go with a card that seems to suit you the best.