BOBCARD Tiara Credit Card – Benefits, Fees & Eligibility

BOBCARD Tiara Credit Card

Introduction

The BOBCARD Tiara Credit Card is specifically designed to empower women, catering to their unique needs and aspirations. This card offers a range of rewards and benefits tailored for women, allowing them to achieve milestones, seek new adventures, and live life on their own terms. It features accelerated 5X Reward Points on dining, travel, and international spends, a low Forex markup charge of 2%, and complimentary memberships that provide added value and significant savings. The card also supports UPI linking for convenient mobile payments and offers unlimited domestic airport lounge access, setting it apart in the market. Available with a joining and annual fee of ₹2,499 + GST, these charges can be easily waived by meeting specific spending milestones.

Welcome Benefits

• Complimentary Memberships:
  • Free 3-month Swiggy One membership, once per annum, offering unlimited free deliveries on food and Instamart orders.
  • Complimentary 6 months Fitpass Pro membership, which provides access to over 2,500+ premium gyms and fitness centers (valued at ₹15,000).
  • Complimentary annual memberships for Amazon Prime/Jio Hotstar, Gaana Plus, and more OTT and music platforms.
• Health Package: Complimentary Women's Health Package including Pap Smear & Blood Tests and Mammography package.

Fees

• Joining Fee: ₹2,499 + GST
• Renewal Fee: ₹2,499 + GST
• Spend-Based Waiver:
  • Joining fee can be waived off by spending ₹25,000 in the first 60 days of card issuance. The first year fee will be levied in the 3rd bill statement if the spend milestone is not met.
  • Annual fee can be waived off by spending ₹2,50,000 in every card anniversary year.
  • First year fee waiver and annual fee reversal are applicable only to non-delinquent credit cardholders.
• Rewards Redemption Fee: Not applicable (N/A)
• Foreign Currency Markup: Reduced Forex mark-up of 2% on International Spends.
• Interest Rates: 3.25% Per Month (39% Per Annum)
• Fuel Surcharge: 1% fuel surcharge waiver at all fuel stations across India on transactions between ₹400 and ₹5,000, with a maximum waiver of ₹250 per statement cycle. GST component on fuel surcharge is not reversed. No Reward Points are earned on fuel transactions.
• Cash Advance Charges: Not applicable (N/A)

Rewards

• Reward Points:
  • Earn 15 Reward Points per ₹100 spent on Dining, Travel, and International spends. These 5X Rewards are capped at 5,000 Reward Points on the mentioned categories per statement cycle. Further spends in that statement cycle on these categories will earn Reward Points at the regular earn rate.
  • Earn 3 Reward Points per ₹100 spent on all other eligible purchases/categories.
  • Reward program is not applicable on select MCCs and fuel transactions.
• Travel Benefits:
  • Unlimited domestic airport lounge access. Effective 1st Jan 2025, complimentary lounge access will be subject to a minimum spend of ₹40,000 in the preceding calendar quarter. For newly issued cards, the minimum spending requirement for lounge utilization is waived for the calendar quarter in which the card is issued.
  • Low Forex mark-up of 2% on International Spends.
  • No international airport lounge access is provided with this card.
• Dining, Food, and Grocery Benefits:
  • Unlimited free deliveries on Food and Instamart orders with Swiggy One 3 Month Membership, once per annum.
  • Quarterly discounts of ₹250 on Big Basket for groceries. This leads to annual savings of ₹1,000.
• Shopping & Style:
  • Quarterly discounts of ₹500 each at Myntra, Nykaa, and Flipkart. This leads to annual savings of ₹2,000 on each brand, totaling ₹6,000 per year.
  • Quarterly discounts of ₹1,500 at Lakmé Salon. This leads to annual savings of ₹6,000.
  • Total annual savings from these quarterly discounts amount to ₹12,000.
• Health & Wellness:
  • Complimentary Women's Health Package including Pap Smear & Blood Tests and Mammography package.
  • Complimentary 6 months Fitpass Pro membership.
• Lifestyle & Entertainment:
  • Complimentary Annual Memberships for Amazon Prime/Jio Hotstar, Gaana Plus, and more.
  • Flat ₹250 off on a minimum purchase of 2 movie/non-movie tickets with BookMyShow, quarterly.
• Insurance: Zero Liability on lost card, provided the loss is reported immediately to ensure zero liability on any fraudulent transactions.

Rewards Redemption Guide

• All accumulated Reward Points can be redeemed for cashback.
• 1 Reward Point = ₹0.25.
• Reward Points earned on Credit Card UPI transactions are capped at ₹500 per statement cycle.
• Vouchers and annual memberships are applicable to Primary Tiara cardholders only. These benefits are redeemable via the RuPay Select booking platform (for existing TIARA customers).

Card Eligibility Criteria

• Indian Resident: Applicant must be an Indian Resident.
• Age Criteria:
  • Salaried individuals: Age 21 to 60 years.
  • Self-Employed individuals: Age 21 to 65 years.
• Minimum Annual Income: Minimum annual income of ₹7.2 Lakh or more.

Documents Required

• Proof of Identity:
  • PAN (Mandatory)
  • Recent Passport size photograph (with clear/white background & without dark/tinted glass)
• Address Proof (Officially Valid Document - OVD):
  • Passport
  • Driving license
  • Aadhaar Card (as issued by UIDAI)
  • Voter's Identity Card issued by the Election Commission of India
  • Job card issued by NREGA
• Income Proof:
  • For Salaried individuals: Bank Statement reflecting salary credit for the last 2 months. Salary Slips, if submitted, must be accompanied by a bank statement as well.

Card Review

The BOBCARD Tiara Credit Card is an excellent option for women looking for a card that offers tailored lifestyle benefits and strong reward accumulation. While it comes with a joining fee of ₹2,499 + GST, this can be easily waived by meeting achievable spending milestones.

Pros

• Competitive Forex Markup: The 2% Forex markup charge is lower than the typical 3% to 3.5% charged by many other credit cards, making it competitive for international transactions.
• Accelerated International Rewards: The card offers accelerated reward points for international spends, enhancing its value for frequent international travelers.
• Comprehensive Lifestyle Benefits: A wide array of complimentary memberships (Swiggy One, FitPass Pro, Amazon Prime/Jio Hotstar, Gaana Plus), quarterly discounts on popular brands (Myntra, Nykaa, Flipkart, Lakmé Salon, Big Basket), and health benefits specifically for women make this card highly valuable.
• High Reward Rate: A reward rate of 3.75% (15 Reward Points per ₹100, where 1 RP = ₹0.25) on dining, travel, and international spends is very attractive.

Cons

• No International Lounge Access: Despite offering low Forex charges and accelerated international rewards, the card does not provide international airport lounge visits.
• Domestic Lounge Access Condition: From January 1, 2025, domestic lounge access is conditional on spending ₹40,000 in the preceding calendar quarter, which might be a barrier for some.

Important Product Details

• The BOBCARD Tiara Credit Card has a joining fee of ₹2,499 + GST, which can be waived by spending ₹25,000 in the first 60 days.
• It offers numerous complimentary memberships including FitPass Pro (6 months), Swiggy One (3 months), Amazon Prime/Disney Hotstar, and Gaana Plus.
• The card features a low Foreign Currency Markup of 2%.
• It provides 5X accelerated Reward Points (15 RPs/₹100) on dining, travel, and international spending, and 3 Reward Points per ₹100 on all other eligible spends.
• Unlimited domestic airport lounge access is available, subject to a minimum spend of ₹40,000 in the preceding calendar quarter (effective Jan 1, 2025).
• Quarterly discounts on major e-commerce platforms and salons offer substantial annual savings.
• Includes a complimentary women-centric health package and a six-month FitPass Pro membership.

Other Details

• Smart EMI Option: Cardholders can convert purchases of over ₹2,500/- on their card into Smart EMIs with flexible tenures ranging from 6 to 48 months.
• Free Add-on Card: Up to 3 lifetime free add-on cards can be issued for female family members, including mother, sister, or daughter (above age 18).
• Contactless Safe Payments: The card is enabled with wireless chip technology for secure and faster contactless payments.
• UPI Integration: The Tiara card can be added to popular UPI apps like BHIM, Google Pay, Paytm, and PhonePe for everyday UPI purchases.