Union Bank of India Divaa RuPay Credit Card – Benefits, Fees & Eligibility

Union Bank of India Divaa RuPay Credit Card

Introduction

The Union Bank of India Divaa RuPay Credit Card is a women-centric credit card designed to meet the specific needs of female cardholders. This special credit card offers a variety of exciting perks, including complimentary access to airport lounges for a luxurious travel experience and personal accident insurance coverage. With benefits worth an estimated annual value of ₹24,000, the Divaa credit card provides exclusive discounts on top brands like Nykaa, Myntra, and Lakme Salon. Whether for frequent travelers, shoppers, or everyday spending, this card aims to offer a strong combination of perks.

Welcome Benefits

• This card does not offer any welcome benefits.

Fees

• Joining Fee: Nil
• Renewal Fee: ₹499 + GST
• Spend-Based Waiver: The renewal fee is waived off if the cardholder spends ₹30,000 or more in the previous year.
• Rewards Redemption Fee: Not applicable.
• Foreign Currency Markup: 3%
• Interest Rates: 2.5% per month or 30% annually
• Fuel Surcharge: A 1% fuel surcharge is waived up to ₹100 every month.
• Cash Advance Charges: ₹250 or 3% of the withdrawal amount, whichever is higher.

Rewards

• Rewards Rate: Earn 2 Reward Points (RP) for every ₹100 spent on purchases.
• Domestic Lounge Access: Receive 2 complimentary domestic airport lounge accesses every quarter.
• International Lounge Access: Receive 2 complimentary international airport lounge accesses annually.
• Insurance Benefits:
  • Complimentary personal accident insurance coverage up to ₹2 lakhs in case of loss of life.
  • Additional accidental insurance coverage worth ₹10 lakhs is available, with the premium covered by the cardholder.
• Lifestyle & Shopping:
  • Enjoy exclusive discounts on top women-centric brands like Nykaa, Myntra, and Lakme Salon.
  • Benefit from exclusive discounts at select merchants.
• Concierge Services: Access 24/7 RuPay-powered domestic concierge services via the toll-free number 1800-2678729. Note that RuPay may change these services without prior notice.
• Fuel Surcharge Waiver: Get a 1% fuel surcharge reimbursement on fuel purchase transactions, up to a maximum of ₹100 per card per month.
• UPI on Credit Card: Make UPI payments using the BHIM app. The card can be used for merchant payments through QR scans or online transactions.
• Movies & Dining: This card does not offer any specific discounts on entertainment or dining.
• Golf: Not applicable.
• Interest-Free Credit: Enjoy an interest-free credit period ranging from 20 to 50 days.

Rewards Redemption Guide

• Reward Points can be redeemed for various vouchers and products.
• The value of 1 Reward Point is ₹0.25.
• A minimum of 750 points is required for redemption.

Card Eligibility Criteria

• Gender: The card is issued exclusively to women.
• Age:
  • 18 to 65 years old for salaried individuals.
  • 18 to 70 years old for working women.
• Minimum Annual Income: ₹2.5 lakhs.
• Income Proof Requirements:
  • For business professionals: 2 years of IT returns with computation sheets are required.
  • For salaried individuals: Form 16/ITRs with the latest salary slip are needed.
• Fixed Deposit Guarantee: The Divaa card can be obtained by using a Fixed Deposit with a 25% margin as a guarantee, without needing to show income proof or a rating sheet.
• Documents Required:
  • Duly filled credit card application form.
  • Passport-size color photograph.
  • Latest income tax returns for 2 years/Form 16/salary slip.
  • Proof of address as per KYC norms.
  • ID proof as per KYC norms.
  • PAN copy as per KYC norms.

Card Review

The Union Bank of India Divaa RuPay Credit Card is an excellent choice for women, especially those who frequently travel or enjoy shopping. It stands out with its focus on providing exclusive benefits tailored for women, including discounts at top brands and complimentary airport lounge access.

Pros

• No joining fee.
• Low annual fee of ₹499, which can be waived on spending ₹30,000 annually.
• Offers an interest-free credit period of up to 50 days.
• Provides 1% fuel surcharge reimbursement up to ₹100 per month.
• Includes complimentary domestic and international airport lounge access.
• Comes with 24/7 concierge services.
• Offers personal accident insurance coverage.
• Allows UPI payments via the BHIM app.
• Considered more beneficial compared to other women-centric cards.

Cons

• Does not offer any discounts on entertainment or dining.
• There are no welcome benefits provided with this card.
• RuPay may change concierge services without prior notice.

Important Product Details

• Nil joining fee.
• Annual fee of ₹499 + GST, waived on annual spending of ₹30,000.
• Earn 2 Reward Points for every ₹100 spent.
• Reward Points can be redeemed for vouchers and products, with 1 RP = ₹0.25.
• Offers 2 complimentary domestic airport lounge accesses per quarter.
• Provides 2 complimentary international airport lounge accesses annually.
• Includes 24/7 concierge services.
• Offers an interest-free credit period of up to 50 days.
• Provides 1% fuel surcharge reimbursement up to ₹100 per month.
• Personal accident insurance coverage worth ₹2 lakhs.
• Foreign currency markup of 3%.
• Interest rates are 2.5% per month or 30% annually.
• Cash advance charges are ₹250 or 3% of the withdrawal amount (whichever is higher).
• Does not offer any discounts on entertainment or dining.
• No welcome benefits are associated with this card.
• Allows UPI payments through the BHIM app.
• Provides discounts on women-centric brands like Nykaa, Myntra, and Lakme Salon.

Other Details

• To apply for the Divaa Credit Card, individuals can visit a Union Bank of India branch to speak with a representative and submit the required documents.