Table of Contents
- 1. Key Takeaways:
- 2. Understanding BOBCARD Reward Points: The Basics
- 3. What Is the Real Value of BOBCARD Reward Points?
- 4. Method 1: Redeem via BOBCARD Customer Portal (Cashback)
- 5. Method 2: Redeem via BOBCARD Mobile App
- 6. When Do BOBCARD Reward Points Expire?
- 7. Maximising Reward Points on BOBCARD Eterna
- 8. Frequently Asked Questions
How to Redeem BOBCARD Credit Card Reward Points: Complete Guide
Key Takeaways:
- 1 Reward Point = ₹0.25 cashback. This is the correct value - not ₹1, not ₹0.50.
- Minimum redemption is 1,000 points (effective 1 July 2025).
- Eterna reward points never expire. All other BOBCARD cards: 24-month validity from earn date.
- Redemption methods: BOBCARD portal (cashback), BOBCARD app, vouchers, and merchandise.
- Points earned on UPI transactions are capped at 500 points per statement cycle.
- Points are NOT earned on fuel transactions on any standard BOBCARD.
Understanding BOBCARD Reward Points: The Basics
Before redeeming, it helps to understand how BOBCARD's reward point system works. Read about top BOBCARD credit cards. The value, earn rate, and expiry rules differ significantly depending on which card you hold.
| Factor | Detail |
|---|---|
| Point Value | 1 RP = ₹0.25 cashback (all BOBCARD cards) |
| Minimum Redemption | 1,000 points (effective 1 July 2025) |
| Validity - Eterna | Evergreen - points never expire |
| Validity - All Other BOBCARD | 24 months from the date of earning |
| Base Earn Rate - Eterna | 3 RP per ₹100 on most spends |
| Accelerated Rate - Eterna | 15 RP per ₹100 on eCommerce, Dining, Travel, International (5X) |
| 5X Cap - Eterna | 5,000 RP per category per statement cycle |
| Base Earn Rate - Tiara | 3 RP per ₹100 on most spends |
| UPI Transactions | Core RP only; maximum 500 RP per statement cycle |
| Fuel Transactions | No RP earned on any standard BOBCARD |
Source: bobcard.co.in, MITC Ver 19 (effective 1 April 2026). Last verified: April 2026.
The 5X Cap Is Critical to Understand: When Eterna says '5X rewards', it means 15 RP per ₹100 (5 × base of 3 RP). The cap is 5,000 RP per eligible category per statement cycle. This means the maximum accelerated bonus earnable per category per month is 5,000 points = ₹1,250 in cashback value. Spending beyond the cap earns base rate only.
What Is the Real Value of BOBCARD Reward Points?
The official redemption rate is 1 RP = ₹0.25. Here is what different point balances are worth as cashback:
| Reward Points Balance | Cashback Value (₹0.25/RP) |
|---|---|
| 1,000 points (minimum) | ₹250 |
| 2,000 points | ₹500 |
| 5,000 points | ₹1,250 |
| 10,000 points | ₹2,500 |
| 20,000 points (Eterna annual milestone bonus) | ₹5,000 |
Method 1: Redeem via BOBCARD Customer Portal (Cashback)
The customer portal is the primary and most straightforward redemption channel. Points are credited as cashback directly to your card statement, reducing your outstanding balance.
- Go to: myservices.bobcard.co.in/microsite/rewards
- Enter verification: Last 4 digits of your BOBCARD number, registered mobile number, and date of birth.
- OTP verification: Enter the OTP sent to your registered mobile number. Note: OTP is valid for 45 seconds only.
- View balance: Your current reward points balance will be displayed.
- Click Rewards → Redeem Points Now: Enter the number of points you wish to redeem.
- Verify OTP: Enter the second OTP for transaction confirmation.
- Confirmation: Redemption is complete. Cashback is credited to your next card statement.
Note on Cashback Posting: Cashback from reward point redemption is credited to your card account as statement credit. The timeframe for posting is typically 45–90 days from the date of redemption transaction. It reduces your outstanding balance - it is not transferred to a bank account.
Method 2: Redeem via BOBCARD Mobile App
The BOBCARD app allows you to redeem reward points without needing to visit the portal separately.
- Log in to the BOBCARD app using your MPIN or biometric.
- Navigate to the Rewards section from the home screen.
- Tap 'Redeem Points Now'.
- Enter the points to redeem and verify via OTP.
- Cashback is credited to your card statement.
Method 3: Redeem for Vouchers and Merchandise
BOBCARD's rewards portal also offers redemption against gift vouchers and merchandise from partner brands. The value-per-point for vouchers and merchandise varies and may be lower than the ₹0.25/point cashback rate. In our analysis, statement credit (cashback) offers the best and most predictable value.
Points That Cannot Be Redeemed - Key Exclusions
Transactions that do NOT earn reward points on BOBCARD:
- Fuel transactions (any BOBCARD except HPCL Energie on fuel spends at HPCL)
- Cash withdrawals / ATM transactions
- Transactions below ₹100 (below ₹150 for HPCL Energie)
- Agriculture, Contractor, Transport, Rent (MCC 6513), Cleaning/Personal Services
- Government services, Education, Hospital, Wallet loading (MCC 6539–6542)
- Supermarket, Insurance, Charity, Fast food (MCC 5814)
When Do BOBCARD Reward Points Expire?
BOBCARD Eterna: Points Never Expire
The Eterna is the only BOBCARD where reward points are evergreen - they do not lapse regardless of how long they sit in your account. This is a meaningful advantage over most competing premium cards.
All Other BOBCARD Cards: 24-Month Validity
For all other BOBCARD cards (Tiara, Cashback, Premier, and all others), reward points expire 24 months from the date they were earned - not from today's date. Points earned in April 2024 expire in April 2026, regardless of when newer points were added.
Points Also Lapse in These Scenarios:
- Voluntary or bank-initiated card closure
- Card classified as NPA (Non-Performing Asset)
- Payment overdue for more than 90 days
- Outstanding dues settled at a discounted amount (settlement)
Maximising Reward Points on BOBCARD Eterna
Earn 15 RP per ₹100 on the Right Categories
The Eterna's 5X accelerated reward rate applies to: eCommerce (online shopping), Dining, Travel, and International spends. Ensure that your transactions fall into these MCCs to earn the full 15 RP per ₹100.
Hit the Milestone Bonuses
Milestone 1: Spend ₹50,000 in the first 60 days → earn 10,000 bonus RP (worth ₹2,500)
Milestone 2: Spend ₹5,00,000 in the anniversary year → earn 20,000 bonus RP (worth ₹5,000)
Stack With the Right Spend Categories
From 1 April 2026, telecom spends (MCC 4814) now earn core reward points on Eterna. From 1 July 2025, utility spends (MCC 4900) also earn core RP. Routing regular bills through your Eterna card helps accumulate points steadily.
