Empower Your Business With the BOB EMPOWER Credit Card

Bio

Sandipan Mitra is the CEO and co-founder of Pice. He boasts eight years of experience in the B2B and fintech sector. Sandipan's journey includes significant roles at multiple Indian Unicorns Including Product at PayU, and as founding member / VP, Product at Open Financial Technologies.

5 Mar 26
3 mins

Sandipan Mitra

08 Mins
05-03-26

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Table of Contents

BOB EMPOWER Credit Card Benefits
Bank of Baroda EMPOWER Credit Card Charges

Earn 1 reward point per ₹100 business spending.
The welcome bonus includes 500 reward points.
Annual fee ₹500 reversed after ₹50,000 yearly spending.
Accidental insurance cover includes ₹15 lakh air protection.

The BOB EMPOWER Credit Card is a business-focused card designed for self-employed professionals. It offers steady rewards on business spending with simple value back. Moreover, you earn reward points on all eligible transactions and receive a welcome bonus on early usage.

Though there is no joining fee, the card carries an annual fee of ₹500, which is reversed when yearly spending reaches ₹50,000.

Keep reading to learn more about the benefits and charges of this card!

BOB EMPOWER Credit Card Benefits

The BOBCARD EMPOWER welcomes you with a bonus 500 reward points when you spend ₹5,000 within the first 60 days of card issuance. Apart from this, the other benefits include:

Everyday Rewards

Earn 1 reward point for every ₹100 spent on eligible purchases. Points convert into cashback without any maximum earning limit.

Insurance Benefits

The card includes accidental death insurance coverage of ₹15 lakh for air incidents and ₹5 lakh for non-air incidents.

Business Benefits

Add your business name on the card for easy identification. Receive categorised statements that help track and manage business spending efficiently.

Special Services

Manage your card by logging in to the Self-Care Portal of BOBCARD EMPOWER. Resolve card queries quickly with 24/7 support on toll-free number 1800-103-1006.

Fuel Surcharge Waiver

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

Easy EMI Options

You can also easily convert all your purchases above ₹2,500 into flexible EMI plans between 6 and 48 months.

Bank of Baroda EMPOWER Credit Card Charges

Enjoy an interest-free period of up to 50 days on eligible purchases with the Bank of Baroda EMPOWER Credit Card. After this period, a finance charge of 3.49% per month, or 41.88% annually, applies on outstanding balances.

Here is a table for other charges applicable to the card:

Parameters	Charges
Card Replacement Charges	₹100
Cheque Dishonour Charges	2% or min. ₹500
Cash Withdrawal Charges	2.5% or ₹500 (whichever is higher)
Foreign Currency Transaction	3.5%
Late Payment Charges	Less than 100 is NIL.For amounts ranging from ₹100 to ₹50,000 and above, it ranges between ₹100 and ₹1300.

💡Late payment charges can increase your overall card costs if due dates are missed. Stay ahead with the Pice app, which sends timely reminders and helps you easily complete credit card bill payment while tracking every payment securely.

Footnotes

Reward points can be redeemed as cashback at a value of ₹0.25 per point without redemption limits.
Billing cycles fall on fixed monthly dates of 1st, 7th, 13th, 16th, 18th or 25th, with a one-time option available to request a change.

FAQs

What is the BOB EMPOWER Credit Card application process?

You can apply online through the official BOBCARD website by completing the form and identity verification. Also, you may contact customer support or visit a Bank of Baroda branch.

What makes you eligible for the Bank of Baroda EMPOWER Credit Card?

Applicants must be Indian resident self-employed individuals aged between 24 and 65 years. Minimum income starts from ₹3.6 lakh for BoB customers and ₹4.8 lakh for others.

What documents are required for BOB EMPOWER Credit Card approval?

You need GST registration details and recent copies of your GST returns. Loan sanction letters or approved business credit facilities may also support your application eligibility.