Bank of India RUPAY STAR LAKSHMI Credit Card – Benefits, Fees & Eligibility

Introduction

The RuPay Star Lakshmi Credit Card is a women-centric contactless platinum international credit card issued by Bank of India on the RuPay network. Positioned as an entry-level to mid-range lifestyle card, it is tailored specifically for female customers. Its top differentiating benefits include complimentary quarterly wellness and beauty perks such as O2 Spa services and Lakme Salon e-gift cards, along with a complimentary annual subscription to a popular OTT platform.

Welcome Benefits

• Complimentary annual subscription to Sony LIV, Amazon Prime, or Hotstar.
• Complimentary annual health check-up including Pap Smear, Blood Test, and Mammography.

Fees & Charges Breakdown

• Joining Fee: Nil (Issuance is free).
• Annual Maintenance Charge (AMC): Rs. 500 for the principal card.
• Add-on Card Fee: Rs. 500 per annum.
• Card Replacement Fee: Rs. 500 for both principal and add-on cards.
• Interest Rates: Up to 51 days of interest-free credit period. Payment is due on or before 21 days from the date of billing.
• Cash Advance Charges: Maximum cash limit is 50% of the spending limit. Maximum cash withdrawal from an ATM is Rs. 15,000 per day.
• Credit Limit: Maximum credit limit is 20% of gross annual income, which may be extended up to 40% depending on the merits of the case.

Rewards & Cashback Structure

• Earning Rate: 2X Loyalty Reward points on POS and E-Commerce transactions, excluding restricted categories.
• Reward Program: Points are earned under the Bank of India Star Rewards program.

Travel, Lounge & Lifestyle Perks

• Lounge Access: Complimentary domestic lounge access (2 per quarter) and international lounge access (2 per year) as per RuPay guidelines.
• Wellness & Beauty: One complimentary service at O2 Spa up to INR 2000 per quarter. A Lakmé Salon E-Gift Card worth INR 1500 per quarter.
• Shopping Vouchers: Myntra and Flipkart vouchers worth INR 250 per quarter. Nykaa vouchers worth INR 500 per quarter.
• Concierge Services: 24/7 concierge services are available.
• Insurance Cover: Personal Accident and Permanent Disability insurance cover of up to Rs. 2 Lakhs provided by RuPay.

Card Eligibility Criteria & Income Requirements

• Gender: The customer must be a female.
• Age: Minimum age of 21 years.
• Banking Relationship: The customer must hold a valid and active savings account with Bank of India.
• Income: The customer must have a regular income and provide proof of the same. Both salaried employees and self-employed individuals managing their own business are eligible.
• Credit History: A good credit history is required.
• Residency: The customer must be an Indian resident or a Non-Resident Indian (NRI).

Important Product Details

• Card Network: RuPay Platinum International Credit Card.
• Contactless: The card supports contactless tap-and-pay functionality.
• Global Acceptance: Accepted at domestic and foreign merchants across the globe.
• Add-on Cards: Flexible credit limits are available for add-on cards.
• UPI Linking: As a RuPay card, it is eligible for linking to UPI for merchant and peer-to-peer payments.
• Card Management: Limits and channels (ATM, Tap and Pay, E-Commerce, Merchant Outlets) for domestic and international usage can be managed via the BOI Omni Neo Mobile Banking App or Internet Banking.

Other Details

• Partner Portal: A one-time registration on the RuPay Platinum portal is required to view and avail all complimentary and discounted features and offers.
• Lounge Access List: The list of eligible lounges is subject to change as per RuPay's discretion and can be found on the RuPay website.
• Insurance Details: More information on the insurance cover is available in the RuPay Insurance Program FAQ document.
• Rewards Program Details: Detailed terms for the 2X Loyalty Points are available on the Bank of India Star Rewards website.
• Card Activation and PIN Generation: The card can be activated and the PIN can be set through the BOI Omni Neo Mobile App, BOI Internet Banking, or by visiting a branch. Branches can facilitate activation via a service request in the CRMNext portal and provide InstaPINs.