M16S / Union Bank of India / Union Bank of India DIVAA ICON Credit Card
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Union Bank of India DIVAA ICON Credit Card
The Union Bank of India DIVAA ICON Credit Card costs Rs 1,499 a year, waived if you spend Rs 1,00,000 in a year. Its base return is 0.5% (2 RP per Rs 100). The forex markup is 3%. 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 1,499+ GST
- Fee waived at
- Rs 1,00,000annual spend
- Base return
- 0.5%
- Forex markup
- 3%
- Interest
- 3%a month
Apply on unionbankofindia.bank.inOpens the bank’s own page.
Fees
| Joining fee | Free |
|---|---|
| Annual fee | Rs 1,499 |
| Annual spend that waives the feeunverified | Rs 1,00,000 |
| Fee notes | Women only (RuPay Platinum). Joining fee nil. Annual fee Rs 1,499 (add-on Rs 1,499). Waiver threshold is Rs 1,00,000 in the MITC PDF (v1.4) but Rs 2,00,000 on the bank's unioncards MITC web page; confirm before relying on it. Replacement Rs 499. |
Rewards
| Reward currency | Union Rewardz Reward Points |
|---|---|
| Base earnunverified | 2 RP per Rs 100 |
| Base returnunverified | 0.5% |
| Point valueunverified | 1 RP = Rs 0.25 |
| Reward notes | Earn rate taken from cardinsider; the bank product page text read did not show the reward structure tab. base_return_pct = 2 x 0.25 per Rs 100. |
Travel and perks
| Domestic lounge | 2 per quarter |
|---|---|
| International lounge | 2 per year |
| Lounge conditions | Listed as 'Travel Lounge Access' on the product page. Guest rules not stated. |
| Forex markup | 3% |
| Fuel surcharge waiver | 1% waiver, capped at Rs 100 per month/billing cycle |
| Other freebies | Lakme Salon Rs 1,500 e-gift card quarterly; BookMyShow Rs 250 off on 2 tickets quarterly; MakeMyTrip flat Rs 1,500 off flights annually; Healthians flat Rs 1,000 annually; Cult.fit 3-month live subscription annually; Swiggy One 3 months annually; BigBasket Rs 250, Flipkart Rs 250, Nykaa Rs 500, Jockey Rs 250 quarterly; Myntra Rs 250 twice a quarter; cyber insurance Rs 2 lakh and cancer insurance for women; accident cover Rs 2 lakh (NPCI) plus Rs 10 lakh (cardholder-paid). |
Charges and eligibility
| Interest per month | 3% |
|---|---|
| Late payment fee | Rs 200 if outstanding dues up to Rs 25,000; Rs 500 if above Rs 25,000 |
| Cash advance fee | 3% of amount, min Rs 500 (own or other bank ATM); cash interest 2.5% p.m. (30% p.a.) from withdrawal date |
| Eligibility | Female applicants only |
| Fine-print notes | MITC v1.4 effective 25 Sep 2025. Interest 3% p.m. (36% p.a.) on revolving balance; over-limit fee 2.5% min Rs 250; railway/IRCTC surcharge 1.5% plus IRCTC charges; EMI on purchases of Rs 10,000+ at 16% p.a. reducing, processing fee 2% (min Rs 200, max Rs 1,000), pre-closure 2%. Interest-free period 20-50 days only if previous balance cleared in full. Accident insurance beyond the free NPCI cover is paid for by the cardholder. Cash limit 30%. The two bank documents disagree on the fee-waiver spend (Rs 1 lakh vs Rs 2 lakh). |
Questions
- What is the annual fee of the Union Bank of India DIVAA ICON Credit Card?
- Rs 1,499 a year, before GST. It is waived if you spend Rs 1,00,000 in a year.
- Does the Union Bank of India DIVAA ICON Credit Card give airport lounge access?
- Yes. In India: 2 per quarter. Outside India: 2 per year. Conditions: Listed as 'Travel Lounge Access' on the product page. Guest rules not stated.
- What is the forex markup on the Union Bank of India DIVAA ICON Credit Card?
- 3% of each foreign-currency transaction, before GST.