BOBCARD Micro Enterprise
Developed for micro-enterprises registered on the Government of India’s JanSamarth and Udyam portals, this RuPay credit card provides formal working capital liquidity at a subsidized finance charge of just 1.5% per month (18% p.a.). It supports UPI QR merchant payments, up to 50 days of interest-free credit, and a ₹50,000 annual fee waiver.
Why We Recommend The BOBCARD Micro Enterprise
A true working-capital instrument for micro-businesses, standing out for its subsidized 18% p.a. finance rate and RuPay UPI utility.
Udyam-registered micro-enterprises needing low-interest formal credit and UPI working capital.
Welcome Gift & Activation Benefits
* Welcome benefits are typically unlocked upon payment of the joining fee and initial card activation within 30 to 90 days.
Grofi Expert Rating
Ratings are algorithmically weighted using real-world net reward yields after fee deductions, partner redemption flexibility, lounge conditions, and pricing transparency.
Uncover Your True Net Yield with the BOBCARD Micro Enterprise
Financially calibrated for BOBCARD Limited (Bank of Baroda) reward policies. Simulate your real spending habits, unlock milestone fee waivers, and forecast pure rupee savings.
* Official Point Value: ₹0.25 (Cashback) / ₹0.15 (Pay with Rewards)
Calculated on annual spending of ₹6,00,000.
Instant Bank Approval • Zero CIBIL Impact Check
Complete Fee Schedule for the BOBCARD Micro Enterprise
Zero hidden charges. Transparent pricing verified against official BOBCARD Limited (Bank of Baroda) regulatory schedules.
One-time setup fee billed on your first monthly card statement
Billed annually starting from the 2nd year of card membership
Annual renewal fee is reversed upon crossing this spend milestone in the preceding card year
Charges applicable on foreign currency transactions and cross-border payments
Standard interest rate applicable on revolving card balances
Fee applicable on ATM cash withdrawals via credit card
Grace window from the first day of billing cycle till due date
Airport Lounge Privileges on the BOBCARD Micro Enterprise
Transparent assessment of travel and airport lounge conditions bundled with this card tier.
Not available
This card focuses rewards on retail, shopping, and everyday cashback rather than travel lounges. Paid access is available at standard airport counter rates.
Not available
Complimentary international airport lounge access is reserved for premium travel credit cards.
What Makes BOBCARD Micro Enterprise Stand Out?
Top card benefits, milestone perks, partner privileges, and consumer protections engineered into this tier.
Subsidized finance charges of just 1.5% per month (18% p.a.)—less than half of standard credit cards.
RuPay enabled for merchant UPI QR code scan-and-pay transactions.
1% fuel surcharge waiver on transactions between ₹400 and ₹5,000 (up to ₹250 per statement cycle).
Honest Pros & Cons of the BOBCARD Micro Enterprise
An objective evaluation of key strengths and structural limitations before submitting your application.
What We Love (Pros)
- Extremely low 18% p.a. revolving interest rate makes short-term working capital highly affordable.
- Convenient UPI integration for local wholesale and supplier purchases.
- Joining fee is waived upfront and annual fee is waived at ₹50,000 annual spend.
Things to Consider (Cons)
- Carries an annual CGTMSE guarantee fee of 0.55% of the sanctioned credit limit.
- Requires registration on the JanSamarth portal, Udyam certificate, and 12 months current account statement.
- No airport lounge or lifestyle perks.
Who Can Apply for the BOBCARD Micro Enterprise?
Review minimum income thresholds, credit score benchmarks, and essential documentation before starting.
Net in-hand monthly or annual earnings
Primary cardholder (18+ for add-on cards)
With continuous regular employment history
With valid Indian residential address proof
650+ Score Recommended
Applicants with a score above 650 qualify for expedited approval, optimal credit limits, and zero security deposit requirements from BOBCARD Limited (Bank of Baroda).
Documents Required
100% digital paperless verification via Video KYC. Keep these documents ready:
Identity & Address Verification
Aadhaar Card (linked with mobile number for instantaneous e-KYC), Passport, Driving License, or Voter ID.
PAN Card
Mandatory physical or verifiable e-PAN copy required by RBI guidelines for all formal credit evaluations.
Proof of Income
Salaried: Last 3 months' salary slips or net banking account aggregator consent. Self-employed: Latest ITR computation.
Everything You Need to Know About BOBCARD Micro Enterprise
Clear answers on fee waivers, reward points redemption, lounge rules, and approval timelines.
The annual renewal fee for BOBCARD Micro Enterprise is ₹500 + GST (Plus 0.55% CGTMSE fee on sanctioned credit limit).
You can have this fee completely waived by meeting the annual spend milestone: Joining fee waived; Annual fee of ₹500 + GST waived on ₹50,000 annual spends. Spends across retail, online shopping, travel, dining, and utility payments count towards this milestone.
The BOBCARD Micro Enterprise features: 1 RP per ₹100 on commercial spends + Subsidized 18% p.a. interest rate.
Base reward: 1 Reward Point per ₹100 spent on business supplies and eligible categories (0.25% return).
Accelerated reward: Uniform 1 RP per ₹100 across eligible spends (excluding fuel and select MCCs).
Reward points can be redeemed directly via the BOBCARD Limited (Bank of Baroda) netbanking portal or mobile app for statement cash credit, flight tickets, hotel bookings, or brand shopping vouchers.
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Ready to Apply for the BOBCARD Micro Enterprise?
Check your pre-approved credit limit and instant approval eligibility across BOBCARD Limited (Bank of Baroda) with 100% paperless verification and zero score impact.