M16S / Bank of India / Bank of India RuPay Star Lakshmi Credit Card
entry · rewards, shopping, upi
Bank of India RuPay Star Lakshmi Credit Card
The Bank of India RuPay Star Lakshmi Credit Card costs Rs 500 a year. Its base return is 0.5%. Accelerated earn: 3 points per Rs 100 in the 'preferred category' (categories not defined on the page read). Lounge visits in India: 2 per quarter. Abroad: 2 per year. Read from the issuer's documents and an aggregator on 11 Oct 2026.
- Annual fee
- Rs 500+ GST
- Fee waived at
- —
- Base return
- 0.5%
- Forex markup
- —
- Interest
- 1.7%a month
Apply on bankofindia.bank.inOpens the bank’s own page.
Fees
| Joining fee | Free |
|---|---|
| Annual fee | Rs 500 |
| Fee notes | Issuance nil. Annual maintenance charge Rs 500 (add-on Rs 500). Replacement Rs 500. No waiver stated. |
Rewards
| Welcome benefit | 100 bonus points for two POS/e-com transactions of Rs 3,000 each within 30 days of issue; 1,000 'Star Credit Bonus' points on spend above Rs 50,000 within 3 months of issue |
|---|---|
| Reward currency | Star Rewards points |
| Base earn | 2 points per Rs 100 (standard category), on transactions of Rs 100 and above |
| Base returnunverified | 0.5% |
| Point valueunverified | Not stated on the bank's Star Rewards page; aggregators quote 1 point = Rs 0.25 |
| Accelerated earn | 3 points per Rs 100 in the 'preferred category' (categories not defined on the page read) |
| Caps | 10,000 points per month per customer (CIF), across debit and credit cards; activation and Star Credit bonuses sit outside the cap |
| Spends that earn nothing | UPI transactions on credit card of Rs 2,000 or less earn nothing (from 1 Sep 2025). Earlier POS/e-commerce category exclusions were removed from 1 Sep 2025. |
| Reward notes | base_return_pct = 2 points per Rs 100 x Rs 0.25 (aggregator point value, unverified). Redemption via BOI Omni Neo app or the Star Rewards site. Expiry not stated. |
Travel and perks
| Domestic lounge | 2 per quarter |
|---|---|
| International lounge | 2 per year |
| Lounge conditions | RuPay lounge programme; subject to change at RuPay's discretion. |
| Other freebies | Annual subscription to Sony LIV, Amazon Prime or Hotstar; O2 Spa service up to Rs 2,000 once a quarter; Lakme Salon e-gift card Rs 1,500 once a quarter; Myntra and Flipkart vouchers Rs 250 a quarter; Nykaa Rs 500 a quarter; annual women's health check-up (Pap smear, blood test, mammography); 24x7 concierge; Rs 2 lakh personal accident cover (RuPay). |
Charges and eligibility
| Interest per monthunverified | 1.7% |
|---|---|
| Cash advance fee | Bank hub page: 2.5% (min Rs 50) at branch, 2% (min Rs 50) at BOI ATM. Paisabazaar adds 2.5% min Rs 75 at other ATMs and 2.5% min Rs 125 overseas. |
| Eligibility | Women only, age 21+, regular income with proof, good credit history; resident or NRI |
| Fine-print notes | The bank's Key Fact Statement / MITC PDF (KFS__MITC.pdf) could not be opened, so interest, late fee and forex markup are not confirmed from it. The bank's credit card hub page states 1.70% per month on the revolved 90% when 10% of the bill is paid, and 2.5% per month if fully overdue; aggregators quote 2% p.m. revolving and 3% p.m. on default for RuPay Select, and disagree on forex markup (2% vs 3%). Cash limit 50% of spending limit, ATM cash Rs 15,000 a day. Card must be activated within 30 days of issue. Credit limit up to 20% of gross annual income (40% on merits). Women's card on RuPay Platinum. Due 21 days from billing date. The quarterly vouchers alone exceed the Rs 500 fee if actually redeemed. |
Questions
- What is the annual fee of the Bank of India RuPay Star Lakshmi Credit Card?
- Rs 500 a year, before GST.
- Does the Bank of India RuPay Star Lakshmi Credit Card give airport lounge access?
- Yes. In India: 2 per quarter. Outside India: 2 per year. Conditions: RuPay lounge programme; subject to change at RuPay's discretion.
- Which spends earn no rewards on the Bank of India RuPay Star Lakshmi Credit Card?
- UPI transactions on credit card of Rs 2,000 or less earn nothing (from 1 Sep 2025). Earlier POS/e-commerce category exclusions were removed from 1 Sep 2025.