8:30 PM IST – BOBCARD Limited has introduced its new Cashback Credit Card in November 2025. People could start applying for the card around November 21, and the official launch announcement came on November 26. Many finance websites and news are now reporting this update, as more Indians are shopping online and looking for savings on everyday spending. Now, PSU Banks enter cashback market with big percent of cashbacks for All online purchases.
BOBCARD’s pitch is simple: instead of reward points and complicated benefits, you get direct cashback on your regular spending.
But does this 5% Cashback really help people save? We break it down.
How the Cashback Works
As per BOB Card data, users can get 5% cashback on online shopping and 1% cashback on most other spends. The money is automatically added to the card bill every month, so there is nothing extra to do.
Experts suggest using the card for things we already pay for online — like Amazon, Flipkart, food apps, mobile bills, and OTT subscriptions — to get the best value.
Example:
Online spend: ₹8,000 → ₹400 cashback
Offline spend: ₹4,000 → ₹40 cashback
Total cashback: ₹440
After adjusting the monthly fee of ₹49 + GST (if opted), the effective savings remain positive. Media reports suggest this may suit regular online spenders.
Where Will Cashback not Apply?
Some online categories may not always give 5% cashback, such as:
- Rent payments
- Wallet loading
- Some utility payments
- Cash withdrawal or EMI conversion
Also, refunds usually reverse cashback earned earlier.
Good to check before depending on the benefit.
Key Features
As per the BOBCARD Product Features PDF, the basic features the elgibile customer will get, however, review the terms and conditions first.
| Feature | What You Get |
|---|---|
| Online Shopping | 5% cashback on eligible purchases |
| Daily Offline Spends | 1% cashback (groceries, shops, fuel, pharmacy etc.) |
| Cashback Credit | Automatically credited every month |
| Pay with GPay / QR | Cashback even on UPI-style payments |
| Offers & Discounts | Extra deals on top brands |
| Card Fee | ₹49/month or ₹499/year |
Who Can Benefit Most?
| User | Suitability | Why |
|---|---|---|
| Regular online shoppers | ⭐⭐⭐⭐⭐ | Maximum cashback gain |
| Bill payers (mobile, OTT, utilities) | ⭐⭐⭐⭐ | Monthly savings |
| Students & young earners | ⭐⭐⭐⭐ | Low fees, easy usage |
| New credit card users | ⭐⭐⭐⭐⭐ | Simple to understand & manage |
| Rare or low spenders | ⭐⭐ | Cashback may not beat fee |
Important Things Most Media Don’t Mention
Who may NOT benefit
- People who rarely shop online
- Those whose payments often fall under non-eligible categories
- Users who don’t pay full bill on time
- Very low monthly spenders (below ₹3,000–₹4,000 online)
Cashback won’t help if interest charges build up.
What Do You Actually Save?
| Monthly Online Spend | Monthly Cashback |
|---|---|
| ₹5,000 | ₹250 |
| ₹10,000 | ₹500 |
| ₹20,000 | ₹1,000 |
Even with the ₹49 fee, regular online users end up saving.
Offline 1% cashback also supports everyday life expenses.
How It Compares with Other Popular Cards
| Card | Online Benefit | Annual Fee | Best For |
|---|---|---|---|
| BOBCARD Cashback Card | 5% cashback online + 1% offline | ₹499/year | Everyday users & moderate spenders |
| SBI Cashback Card | 5% cashback (more restrictions) | ~₹999/year | High spenders who meet fee waiver |
| HDFC Millennia | Cashback mainly on select shopping apps | Mid-range fee | Fashion/lifestyle shoppers |
| Axis Ace | Better on bills via digital payments | Low fee | Regular UPI/QR users |
BOBCARD stands out for simplicity + low entry cost.
Others may deliver more if you spend more — but only with stricter rules.
If You Want to Apply — Here’s What You Need
Eligibility:
- Indian resident
- Salaried: Income ₹3 lakh/year+, Age 21–60
- Self-employed: Income ₹3.6 lakh/year+, Age 24–65
Documents:
- PAN card + recent photo
- Aadhaar or (Voter ID/Passport/DL/NPR letter)
- Bank statements (2 months salaried or business ITR)
That’s it — however, bank have internal process and user credit score is major factor for this card.
Nanne Parmar’s Final Take
This card has no show-off energy — it’s a smart saver card.
Perfect for monthly bill payers, online shoppers, students, young earners and small families.
But remember: Cashback only works if you borrow smart and pay on time.
- Use for planned expenses
- Avoid overspending just to earn cashback
- Pay full bill every month
If you follow these 3 golden rules — this card will work for you.
Quick disclaimer: “Data collected from product sheet; benefits may change”
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