ICAI Bank of Baroda Exclusive Credit Card Review

General Information

Rewards and Benefits

Fees and Charges

Summary

Receive a welcome benefit of 1,000 bonus Reward Points. Receive a complimentary 6-month Fit pass Pro membership. Earn up to 5 Reward Points for every Rs. 100 spent. Enjoy complimentary access to domestic lounges every year. Pay a reduced forex markup fee of only 2%. Receive personal accident covers valued at Rs. 15 lakhs. Earn 4,000 bonus rewards every quarter when reaching spend milestones. Receive a 1% fuel surcharge waiver on all fuel expenses.

The ICAI Bank of Baroda Exclusive Credit Card is a travel and shopping-oriented card that offers a range of benefits and advantages.

With a joining fee and renewal fee of Nil, this card is perfect for individuals who love to travel and shop.

One of the key features of this card is the reward program, which is based on Reward Points.

Cardholders can earn 1 Reward Point on every spend of Rs. 100 and 5x Reward Points on dining, utility bills, and online purchases.

These points can be redeemed for a variety of rewards, making it easy to earn freebies while making regular purchases.

When it comes to welcome benefits, cardholders are in for a treat.

Upon card activation, members receive a complimentary Fit Pass Pro membership for 6 months, allowing them to access a range of fitness centers and facilities.

Additionally, they also receive 1,000 bonus Reward Points, further enhancing the overall reward potential.

For travel enthusiasts, this card offers travel perks like complimentary domestic lounge access every year.

Moreover, the card provides 3 complimentary domestic lounge access every quarter, totaling 12 per year.

This benefit ensures a comfortable and convenient travel experience for cardholders.

In terms of insurance coverage, the ICAI Bank of Baroda Exclusive Credit Card offers an accidental insurance cover worth Rs. 15 lakhs and a non-air accident cover worth Rs. 5 lakhs.

These insurance benefits provide cardholders with financial protection and peace of mind.

When it comes to fees, this card has some attractive features.

There is no rewards redemption fee, allowing cardholders to redeem their hard-earned points without any additional cost.

Additionally, the foreign currency markup is set at 2% of the total transaction amount, making it reasonable for international travelers.

While the interest rate stands at 3.49% per month, which is in line with industry standards, the card offers a fuel surcharge waiver of 1% on all fuel purchases between Rs. 400 and Rs. 5,000 (capped at Rs. 250 per statement cycle).

This makes it particularly attractive for individuals who frequently fuel up their vehicles.

Cash advances are also available with this card, with a fee of 2.5% of the withdrawn amount (subject to a minimum of Rs. 300) at domestic ATMs and 3% of the withdrawn amount or Rs. 300 at international ATMs.

Overall, the ICAI Bank of Baroda Exclusive Credit Card is a well-rounded option, catering to the needs of travel and shopping enthusiasts.

With its array of benefits, from complimentary lounge access to reward points on spending, it provides a comprehensive package for individuals looking for a credit card that suits their lifestyle.