Best Credit Cards for Chartered Accountants
Last Updated : Nov. 27, 2024, 12:30 p.m.
ICAI is the apex institution that recognizes an individual as a Chartered Accountant when he qualifies for the examination. On the other hand, the role of a CA is to check and maintain books of accounts of a company or a firm. There are financial institutions that have introduced credit cards for chartered accountants only. Let us now read in detail about some of the best credit cards for chartered accountants in India in 2025.
Features and Benefits of CA Credit Cards
You must explore the key features of these credit cards so that you can save some extra bucks while using them. The fee of these cards is also nominal and any chartered accountant can afford it easily. Credit cards for chartered accountants provide benefits that are in line with their professional needs. Here are some benefits of these cards:
- Higher Credit Limits: These cards have higher credit limits as they are curated especially for CAs. This enables CAs to make big ticket spends for investing in businesses or exigencies without any concern.
- Low foreign transaction fees: Chartered accountants are often involved in international transactions. Cards especially curated for chartered accountants have low or nil forex fees. Thus, spends done on international deals will not eat up into their savings.
- Specialized rewards: Credit cards especially curated for CAs give specialized rewards especially in categories most appropriate for their profession. In categories related to their profession, CAs can accumulate rewards or cashbacks faster, thus maximizing their returns.
- Enables professional growth through discounts: CAs want to upskill continuously and use specialized tools. These cards may offer discounts on these resources like accounting software, courses, or seminars. This enables professional growth more economically .
- Traveling perks: Cards for CAs offer traveling benefits like air miles , travel insurance, complimentary lounge access, etc.
- Comprehensive insurance benefits: CA cards come with excellent insurance coverage for health, travel, etc. Some cards even provide coverage for professional liability cover.
- Lounge Access: These cards enable comfortable travel using the complimentary lounge access given by these cards.
- Waiver on fee: These cards come with annual fee waiver on achieving milestone spends. Thus CAs can enjoy the multiple perks offered by these cards without being burdened by annual fees.
Top Credit Cards for Chartered Accountants in India in 2025
Here are some best credit cards for chartered accountants in India in 2025.
ICAI Credit Card from Bank of Baroda
- Get 12 Complimentary Access to the Domestic Airport Lounges through this credit card .
- You can take a maximum of 3 free accesses to the Domestic Airport Lounges per Quarter.
- Enjoy a foreign mark-up fee of 2%.
- Enjoy 6 months FitPass pro membership worth ₹15000 as the welcome benefit.
- Get 1000 bonus reward points on doing a transaction within 30 days from the date of card issuance.
- Earn 4000 bonus reward points every quarter on spending more than your credit limit given by the bank.
- Get a fuel surcharge waiver of 1% at the refilling stations.
- The maximum waiver allowed in a month is ₹250.
- Earn 1 reward point on every ₹100 done on any other category.
- Get 5 Reward Points on every ₹100 spend on dining, online, and utility bills.
- Enjoy 1000 Reward Points on 5 transactions of 1000 and more done in a month.
- Get a death cover of up to ₹15 Lacs in Air Accident.
- Enjoy Professional Insurance Cover of ₹5 Lacs
- Get personal accident death cover of up to ₹5 Lacs in Non-Air Accident.
- Convert the Purchases into EMIs of above ₹2500 this Bank of Baroda ICAI credit card .
- The tenure for the EMI transaction is for 6 Months and 12 Months.
Fees and Charges
Particulars | Details |
|---|---|
Annual fees | Lifetime free |
Renewal fees | Lifetime free |
Add on card fees | Free up to 3 credit cards |
Forex mark up fees | 2% |
Value of 1 reward point in rupees | Rs. 0.25 |
BOB ICSI Diamond Credit Card
- Accumulate 5 reward points per Rs. 100 spent on dining, online, and utility bills.
- Earn 1 reward point per Rs. 100 spent on all other categories.
- Redeem the reward points earned @ 1 reward point = Rs. 0.25.
- Get 12 free access passes to airport lounges (3 per quarter)
- Lower the forex markup fee of 2% on international transactions
- Get the FitPass Pro membership worth Rs. 15,000 free for 6 months.
- Earn 500 reward points on spending Rs. 5000 and more within 60 days of issuing the card and an additional 3,999 reward points per quarter on spending over 1 lakh.
- Get a fuel surcharge waiver of 1% on all fuel transactions in the range of Rs. 400 to Rs. 5000 (With a maximum of Rs. 250 per statement cycle).
Fees and Charges
Joining fee | Nil (Lifetime free) |
|---|---|
Annual fee | Nil (Lifetime free) |
Add on card fees | Nil |
Forex markup fees | 2% |
Value of 1 reward point in rupees | Rs. 0.25 |
How to Choose the Best Card for Chartered Accountants?
Given the special requirements of chartered accountants and multiple cards in the market, how does one choose the most suitable card? Here are some parameters to keep in mind and evaluate before purchasing a card.
Reward Structures
Evaluate the reward programs of the cards. Some cards give higher rewards for certain spends such as software subscriptions and professional seminars. Therefore it is important to understand how many points you can accrue for certain categories and what these points can be redeemed for.
Annual fees
Many professionals would want to have a CA credit card that does not have any annual fee. With such cards, you can save considerably. However, if you want to achieve this, it is important to choose a card that offers benefits that outweigh the cost of the card.
Lounge Access
For chartered accountants who travel frequently for work or conferences, a CA credit card with lounge access is really useful. Getting complimentary lounge access can help you relax, eat, bathe, catch up on work, watch TV, etc. and thus take a comfortable break.
Interest Rates and Credit Periods
It is ideal to choose cards that offer competitive interest rates or longer grace periods. This can help in better management of the cash flow.
Worldwide usage
It is important to find out if the card can be used globally if international travels are frequent for chartered accountants. Reduced foreign transaction fees and global customer support can make overseas transactions easy and seamless.
Security and Customer Support
Before choosing a card, ensure that it comes with utmost security against frauds. Also, check if the card issuer provides robust customer support. This can be a great advantage. Compare the pros and cons of the credit card. The rate at which rewards are earned, the various options for redeeming the rewards, and exclusive partnerships or offers such as medical benefits must be checked.
Conclusion
Well, you have seen the Best Credit Cards for Chartered Accountants (C.A.) using which you can save a lot of extra bucks because of their offers. On the other hand, these cards have a fee which is affordable and you can get a fee waiver by spending more using your card. So, if you are a Chartered Accountant, then these two cards are the best choices for you. You can apply for these cards online, and you must have an ICAI membership in order to take these cards.
Frequently Asked Questions (FAQs)
