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BOBCARD Micro Enterprise Credit Card

Running a small business comes with everyday expenses that cannot be avoided. From buying inventory and paying vendors to managing utility bills and urgent payments, business owners often need quick access to funds to keep things moving smoothly. This is where a business credit card can make a real difference.

The BOBCARD Micro Enterprise Credit Card is especially for small and growing businesses, offering useful benefits like reward points on spending, UPI payment convenience, fuel surcharge waiver, and annual fee waiver options. The card has no joining fee, but it has an annual fee of ₹500, which can be waived on a spend of ₹50,000. It helps business owners handle their daily expenses more comfortably while also enjoying added savings and flexibility.

BOBCARD Micro Enterprise Credit Card

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BOBCARD Micro Enterprise Credit Card
  • Joining FeeNil
  • Annual Fee₹500 + GST
  • Best Suited ForBusiness Expenses
  • Reward TypeReward Points

Rewards Rate

1 Reward Point Per ₹100 Spent

Welcome Benefits

N/A

Movie & Dining

N/A

Rewards Rate

1 Reward Point Per ₹100 Spent

Reward Redemption

Redeem 1 RP = ₹0.25 for Cashback

Travel

N/A

Domestic Lounge Access

N/A

International Lounge Access

N/A

Golf

N/A

Insurance Benefits

N/A

  • Spend-Based Waiver

    Annual Charges Waived on Spends of ₹50,000

    Rewards Redemption Fee

    N/A

    Foreign Currency Markup

    3.5%

    Interest Rates

    1.5% Per Month and (18% Per Annum)

    Fuel Surcharge Waiver

    1% Surcharge on Fuel Spends Between ₹400 – ₹5,000 (Maximum ₹250 Per Statement Cycle)

    Cash Advance Charges

    2.5%

    • The card has no joining fee but has an annual fee of ₹500 + GST, which is waivable on ₹50,000 annual spends.
    • Earn 1 Reward Point for every ₹100 spent on eligible purchases
    • Foreign currency markup fee of 3.5% on international transactions
    • Interest charged at 1.5% per month (18% per annum) on outstanding dues
    • 1% fuel surcharge waiver on fuel spends between ₹400 and ₹5,000 (max ₹250 per statement cycle)

    Pros

    • The credit has no joining fee and a low annual fee, which makes it accessible for small business owners.

    Cons

    • The card offers a low reward rate compared to many other entry-level and lifetime free credit cards.

  • Annual Fee Waiver

    If the user spends ₹50,000 or more in the card anniversary year, they get the next year’s annual fee waived off.

    Reward Rate

    On every ₹100 spent, the user will receive 1 Reward Point. The cardholder can either convert the Reward Points into cash or they can use them to pay.

    Reward Redemption

    • If you redeem your Reward Points as cashback, then the value will be 1 Reward Point = ₹0.25.
    • When using your Reward Points to pay, the value is going to be 1 Reward Point = ₹0.15.

    Fuel Surcharge Waiver

    With the  BOBCARD Micro Enterprise Credit Card, the cardholders will receive a 1% waiver on fuel surcharge, which will be up to ₹250 per statement cycle, for transactions between ₹400 and ₹5,000.

    Bottom Line

    The BOBCARD Micro Enterprise Credit Card is a good option for small business owners who want a simple credit card for daily business expenses without paying a very high fee. The spending target for getting the annual fee waived is also manageable for most businesses that regularly spend on bills or vendor payments. Another good thing about this card is that it keeps things simple and easy to understand, which many small business owners may prefer.

    At the same time, this card may not be the right choice for people looking for premium benefits or big cashback offers. It is more suitable for business owners who want a basic and useful credit card for regular use rather than extra luxury features. If you want a straightforward business credit card that can help manage everyday expenses, this card can be worth considering.

    FAQs:

    The card has an annual fee of ₹500 + GST, which can be waived on annual spends of ₹50,000.

    No, there is no joining fee for the BOBCARD Micro Enterprise Credit Card.

    Reward points can be redeemed as cashback or used for payments. The value is 1 RP = ₹0.25 for cashback and 1 RP = ₹0.15 for payments.

    Yes, a 1% fuel surcharge waiver is applicable on transactions between ₹400 and ₹5,000, with a maximum benefit of ₹250 per statement cycle.

    The interest rate is 1.5% per month, which is 18% per annum on outstanding balances.

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