RuPay Platinum Credit Card
MyRupaya Ratings
Product Details
Credit Card Name :
RuPay Platinum Credit Card
Bank Name :
Union Bank of India
Type :
Regular Credit Card
Interest Rate :
16% per annum
Eligibility :
Indian Resident
Age criteria (For Salaried) 18-65 Yrs.
Age criteria(For Professionals) 18-70 Yrs.
Minimum Income- Rs. 2.50 lakhs per annum
Pros
Reward System: The value of 1 reward point = 0.25. Users will earn 2 RP for every INR 100 spent. Effective cashback rate: 0.50%. Users can earn a maximum of Rs. 50 cashback per month on utility bill payments. Users can redeem their reward points for movies, bus & air tickets, gift vouchers, etc. A minimum of 100 reward points needs to be accumulated for redemption.
Users will get personal accidental insurance coverage of up to 2.00 lakh in case of loss of life or permanent disability due to accident.
RuPay Offers: Exclusive merchant offers and cashback in Eateries, Restaurants & Utility Payments provided by RuPay. These offers are provided by RuPay by is subject to change as per their discretion from time to time without prior notice.
Cons
No international usage.
No complimentary airport lounge access.
High late payment fees.
Pros & Cons
Welcome Benefits
Rewards System
The value of 1 reward point = 0.25. Users will earn 2 RP for every INR 100 spent. Effective cashback rate= 0.50%
Users can earn a maximum of Rs. 50 cashback per month on utility bill payments.
Users can redeem their reward points for movies, bus & air tickets, gift vouchers, etc.
A minimum of 100 reward points needs to be accumulated for redemption.
International Forex Markup
Welcome Benefits and Reward System
Special Features
Eligibility Criteria
Indian Resident
Age criteria (For Salaried) 18-65 Yrs.
Age criteria(For Professionals) 18-70 Yrs.
Minimum Income- Rs. 2.50 lakhs per annum
Benefits
The Union Bank of India RuPay Platinum Credit Card offers a variety of benefits, including:
Reward points on all spends: You will earn 2 reward points for every Rs. 100 spent on all transactions made with your Union Bank of India RuPay Platinum Credit Card.
Fuel surcharge waiver: You will get a 1% fuel surcharge waiver on all fuel transactions made with your card at any petrol pump in India.
Milestone bonus rewards: You can earn additional bonus rewards based on your annual spending on the card. For example, you will earn 500 bonus rewards on reaching an annual spending of Rs. 1,25,000 and an additional 1,000 bonus rewards for every Rs. 50,000 spent beyond Rs. 2,00,000.
Rewards redemption: You can redeem your reward points for cash back, vouchers, or merchandise from a variety of partner merchants.
Other benefits: The Union Bank of India RuPay Platinum Credit Card also offers other benefits such as: Accidental death insurance coverage of up to Rs. 10 lakh Purchase protection insurance coverage of up to Rs. 2 lakh Extended warranty protection on all purchases made with the card Contactless payment facility Free add-on cards for family members
Speical Feature, Eligibility and Benefits
How to apply for Credit Card?
Online:
Visit the Union Bank of India RuPay Platinum Credit Card website.
Click on the "Apply Now" button.
Fill in the online application form with your personal and financial details.
Upload the required documents, such as your PAN card, Aadhaar card, and income proof.
Review your application and submit it.
Documents required: To apply for the Union Bank of India RuPay Platinum Credit Card, you will need to submit the following documents: PAN card Aadhaar card Income proof (salary slip for salaried individuals or Form 16 for self-employed individuals) Bank statement (optional)
Contact Details
Toll free numbers are : 1800 2222 44
1800 2222 43
1800 208 2244 1800
Account Opening and Procedure
Recommended Credit Cards
Pros:-
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Cons:-
Reward System: The value of 1 reward point = 0.25. Users will earn 2 RP for every INR 100 spent. Effective cashback rate: 0.50%. Users can earn a maximum of Rs. 50 cashback per month on utility bill payments. Users can redeem their reward points for movies, bus & air tickets, gift vouchers, etc. A minimum of 100 reward points needs to be accumulated for redemption.
Users will get personal accidental insurance coverage of up to 2.00 lakh in case of loss of life or permanent disability due to accident.
RuPay Offers: Exclusive merchant offers and cashback in Eateries, Restaurants & Utility Payments provided by RuPay. These offers are provided by RuPay by is subject to change as per their discretion from time to time without prior notice.
No international usage.
No complimentary airport lounge access.
High late payment fees.
The Union Bank of India RuPay Platinum Credit Card offers decent value for occasional travelers and spenders who utilize the cashback offers strategically. It provides basic travel perks, insurance cover, and fuel surcharge waiver. However, the low reward point value, limited redemption options, and network limitations might not be suitable for high spenders or those seeking maximum value and flexibility.
RuPay Platinum Credit Card
Abhijeet Saxena
Abhijeet Saxena
Nalsar University of Law
Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi
Ex - Khaitan & Co. Bengaluru,
Ex - National Stock Exchange, Mumbai,
Ex - Argus Partners, Mumbai
Product Review
Fees & Charges
Joining Fee-NIL,
Annual Fee-Rs 299
Cash advance fee: 2.5% per month from date of withdrawal
Interest Rates: 16% p.a., on reducing balances
Late Payment Charges: Up to Rs. 25,000/- = Rs. 200/- Above Rs.25,000/- = Rs. 500/- Statement for > 3 months = Rs. 50/- per statement
Foreign Currency Transactions Fees: 3%.
Reward Redemption Fees: NIL
Fuel Surcharge
1% fuel surcharge is applicable on the cardholders. However, fuel surcharge waiver on the transaction value of Rs.200 and above at HPCL-authorized outlets with a cap of Rs.100 per billing cycle per card. This waiver is over and above the 4% cashback offered by the Bank.
Billing Cycle
30 Days