The CMA One BOBCARD is a lifetime-free credit card designed exclusively for ICMAI professionals, with just ₹1 joining fee and zero annual fee. It offers 5X rewards on dining, online and utility spends, plus 1X on other categories, redeemable as cashback at 1 RP = ₹0.25. Cardholders also get up to 12 domestic airport lounge visits yearly, a 6‑month Fitpass Pro membership, reduced 2% forex markup, milestone bonus rewards, and a 1% fuel surcharge waiver on eligible fuel spends.

• Complimentary 6-Month FITPASS Pro Membership: Activated on card issuance; unlimited gym access to 10,000+ fitness facilities nationwide.

• Ultra-Affordable ₹1 Joining Fee.

• 12 Complimentary Domestic Airport Lounge Visits: 3 visits per calendar quarter (12 annually) at participating domestic airport lounges nationally.

Fees & Charges Summary:

• Ultra-affordable ₹1 joining fee: Essentially free entry for ICMAI members.

• Lifetime zero annual fees: No ongoing costs after joining .

• 12 lounge visits: Annually (3 per quarter) for frequent travelers.

• 2% forex markup: Saves 1.5% vs standard 3.5% internationally.

• Quarterly milestone bonuses: Up to ₹4,000 annually on ₹1L+ quarterly spend.
  

Eligibility (Bank of Baroda Official):

• ICMAI Membership: Must be current, active ICMAI member (Cost & Management Accountant or Associate).

• Minimum Income: ₹3 lakh net annual income (salaried) or ₹3 lakh annual ITR (self-employed).

• Age: 21-75 years.

• Residency: Indian residents only.

• Documentation (Bank of Baroda CMA One BOBCARD):.

• PAN card (mandatory).

• Recent passport-sized photo (white background).

• Address proof: Aadhaar, Voter ID, Passport, Driving Licence.

• ICMAI Membership proof: Valid ICMAI membership card photocopy.

• Income proof: Salary slips + bank statements (salaried); ITR + bank statements (self-employed).

Potential Limitations:

• ICMAI membership required: General public ineligible—requires active ICMAI membership.

• 5X limited to 3 categories: Restricted to dining, online shopping, utilities.

• 1X base modest: Lower than some premium cards (technically 4 RP/₹100 = 1%).

• Lounge visits capped: 12 annually (4 per month average)—may not suit ultra-frequent travelers.

• No golf benefits: Not positioned for golf enthusiast.

• Strengths:

  • Ultra-affordable ₹1 joining fee: Essentially free entry for ICMAI members.

  • Lifetime free annual fees: Zero ongoing costs Forever.

  • 5X dining rewards: Exceptional acceleration on business meals and entertainment.

  • 5X online shopping: Strong earning on e-commerce purchases.

  • 5X utility bills: Coverage of recurring professional/household expenses.

  • 12 domestic lounge visits: Quarterly access (3 per quarter) at major airports.

  • 2% forex markup: Saves 1.5% on international transactions.

  • Quarterly milestone bonuses: Up to 4,000 RP (₹4,000 annually) on ₹1L+ quarterly spend.

  • FITPASS Pro welcome: 6-month ₹15,000 membership on issuance.

  • 500 RP welcome bonus: ₹125 value on first ₹5,000 spend.

  • 1% fuel surcharge waiver: ₹3,000 annual savings.

  • ICMAI member exclusivity: Professional recognition and community alignment.

  • 3-step digital application: Fast online process (form → Aadhaar e-sign → Video KYC).

  
  

• Limitations:

  • ICMAI membership required: General public ineligible.

  • 5X limited to 3 categories: Restricted to dining, online, utilities.

  • 1X base (4 RP/₹100) modest: Lower than premium cards (2-3% base).

  • 12 lounge visits capped: May not suit ultra-frequent travelers (40+ annual trips).

  • No golf benefits: Not lifestyle-luxury positioned.

  
  

Verdict:
CMA One is a ₹1‑joining, effectively lifetime‑free professional card for ICMAI members that works best if you already spend heavily on dining, online shopping, and utilities. It combines 5X rewards on these three categories with 12 lounge visits, 2% forex markup, and useful milestone bonuses—excellent value for high‑spend Cost & Management Accountants whose natural expenses fit the 5X buckets, but only average for those with different spending patterns or very frequent travel.

• Verify ICMAI membership status: Ensure current, active ICMAI membership.

• Assess income requirements: Minimum ₹3L net annual income (salaried) or ₹3L ITR (self-employed).

• Plan 5X category alignment: Calculate annual dining + online + utility spending for 5X value.

• Map quarterly milestone strategy: Target ₹1L+ quarterly spend for 4,000 RP bonuses.

Professional association cards can tempt lifestyle inflation if 5X dining and online rewards encourage aspirational spending beyond genuine professional needs. If monthly balances climb despite ultra-low fee positioning: