BOBCARD Eterna Credit Card

Overview

The BOBCARD Eterna is Bank of Baroda's premium rewards card, and in 2026 it is worth a fresh look because a limited period Lifetime Free offer is currently on the table for eligible applicants. That can bring the first year cost down to nil, while still giving you accelerated points on online, dining, travel and movie spends, unlimited domestic lounge access and one of the lower forex markups going. It is issued on the Visa, Mastercard and RuPay networks, so you can usually pick the variant that suits you.

Rewards and earning

The earning structure is easy to follow. You get 15 reward points for every ₹100 spent on online shopping, dining, travel and movie tickets, which works out to roughly 3.75% back once you factor in the point value. This accelerated rate is capped at 5,000 reward points per statement cycle, and further spends in those categories that month earn at the base rate. Everything else earns 3 RP per ₹100, or about 0.75%. Each reward point is fixed at ₹0.25, so there is no guesswork on redemption value, but there is also no upside from a clever redemption portal the way some rival cards offer. On top of the base earning, new cardholders get 10,000 bonus points (about ₹2,500) for spending ₹50,000 within the first 60 days, and a further 20,000 points once annual spends cross ₹5 lakh. Domestic airport lounge access is unlimited, subject to you having spent ₹40,000 in the preceding calendar quarter, and there is a 1% fuel surcharge waiver on fuel transactions between ₹400 and ₹5,000, capped at ₹250 a statement cycle. Do note that fuel spends do not earn any reward points.

Fees

The printed joining fee and annual fee are both ₹2,499 plus GST, but there are a few ways to bring that down. Bank of Baroda is currently running a limited period Lifetime Free offer for eligible applicants, under which both fees are waived. Even outside that offer, spending ₹25,000 in the first 60 days waives the joining fee, and the renewal fee is waived once you spend ₹2.5 lakh in a card anniversary year, a bar most people in the card's target income bracket will clear comfortably. The forex markup is 2%, which is low for an Indian card and makes the Eterna usable abroad without a heavy penalty.

Eligibility

Bank of Baroda positions this as a card for people with a net annual income of over ₹12 lakh, whether salaried or self-employed. The primary applicant should typically be between 25 and 55 years old and a resident of India, though the bank notes these age limits can vary by profile. As with any premium card, a healthy credit score and a clean repayment history will improve your chances.

Who it is for

This card fits someone whose spending leans heavily online, on dining, travel and entertainment, because that is where the 3.75% rate kicks in. If you spend a lot in those buckets and can clear ₹40,000 a quarter, the unlimited lounge access and accelerated points add up quickly, as long as you stay mindful of the 5,000 point monthly cap on those categories. The low forex markup is a bonus for anyone who travels or shops on international websites. It is less compelling if most of your spending is offline groceries, utilities or rent, where you only earn the 0.75% base rate.

Verdict

With a limited period Lifetime Free offer currently available, the BOBCARD Eterna is one of the easier premium cards to justify in 2026. A 3.75% rate on online and travel spends, unlimited domestic lounge access and a 2% forex markup make for a strong package at this fee level. The fixed ₹0.25 point value, the 5,000 point monthly cap and the modest base rate on other spends are the main limitations, so it works best as an online and travel specialist rather than a single do everything card. If your spending matches its accelerated categories, it is well worth a look.