Axis Bank Cashback vs Bank of Baroda (BOBCARD) Eterna
A field-by-field comparison of fees, reward rates, accelerated categories, caps, exclusions, lounge access and forex markup, using each issuer's own published terms. Affiliate payout never decides the verdict.
Short answer
Axis Bank Cashback and Bank of Baroda (BOBCARD) Eterna differ first on recurring cost: Axis Bank Cashback has an annual fee of ₹1,000 + GST against ₹2,499 + GST for Bank of Baroda (BOBCARD) Eterna, so Axis Bank Cashback is cheaper to hold. On rewards, Axis Bank Cashback earns 0.75% statement cashback on eligible offline and travel spend while Bank of Baroda (BOBCARD) Eterna earns 3 RP/₹100 (worth ₹0.75 as cashback). Bank of Baroda (BOBCARD) Eterna has the lower forex markup at 2%. Neither card wins outright: the better choice depends on which accelerated categories match your spend, the monthly caps, the exclusions and issuer approval fit.
Source: CardMasters issuer-evidence catalogue, release 2026-08-25. Confirm final terms with the issuer.
| Feature | Axis Bank Cashback | Bank of Baroda (BOBCARD) Eterna |
|---|---|---|
| Issuer | Axis Bank | Bank of Baroda (BOBCARD) |
| Joining fee | ₹1,000 + GST | ₹2,499 + GST |
| Annual fee | ₹1,000 + GST | ₹2,499 + GST |
| Fee waiver | ₹4,00,000 annual eligible spend | ₹2,50,000 annual eligible spend |
| Base rewards | 0.75% statement cashback on eligible offline and travel spend | 3 RP/₹100 (worth ₹0.75 as cashback) |
| Accelerated routes | eligible online spend excluding travel · eligible utility bill payments | 15 RP/₹100 (worth 3.75% as cashback) |
| Reward exclusions | transportation, tolls, insurance, education, jewellery, precious metals, watches, government, wallet load, rent, fuel | fuel, rent, wallet load, cash withdrawal, emi, grocery, insurance, education, government, charity, agriculture |
| Forex markup | 3.5% | 2% |
| Fuel surcharge waiver | Not recorded — confirm with issuer | Not recorded — confirm with issuer |
| Domestic lounge | none | unlimited for primary + add-on (₹75K net spend in prior calendar quarter, effective 15 July 2026) |
| International lounge | none | none complimentary |
| Card networks | Visa, Mastercard | Visa Signature |
| Best suited to | cashback, online shopping, travel | online shopping, domestic lounge, fitness, value premium |
| Issuer evidence | Checked 2026-08-23 | Checked 2026-07-28 |
Frequently asked questions
Is the Axis Bank Cashback better than the Bank of Baroda (BOBCARD) Eterna?
Neither is universally better. Axis Bank Cashback charges ₹1,000 + GST a year and earns 0.75% statement cashback on eligible offline and travel spend; Bank of Baroda (BOBCARD) Eterna charges ₹2,499 + GST and earns 3 RP/₹100 (worth ₹0.75 as cashback). The better card is the one whose accelerated categories, caps and exclusions match your actual spending, after subtracting the annual fee and GST.
Which of the two has the lower annual fee, Axis Bank Cashback or Bank of Baroda (BOBCARD) Eterna?
Axis Bank Cashback has the lower recorded annual fee at ₹1,000 + GST. A spend-based waiver may reduce the effective cost of the other card, so check the waiver threshold before deciding.
Which is better for international spending, Axis Bank Cashback or Bank of Baroda (BOBCARD) Eterna?
Bank of Baroda (BOBCARD) Eterna publishes the lower forex markup at 2% versus 3.5%. Also confirm whether international transactions earn rewards, since some issuers exclude them.
Can I hold both cards together?
Yes, provided each is approved on its own merits and you can pay both statements in full. Holding both makes sense only when their accelerated categories do not overlap; otherwise the second card adds an annual fee without adding rewards.