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
1-Accidental Insurance Coverage-Personal Accidental Insurance Coverage of up to 2.00 lakh in case of loss of life or permanent disability due to acciden ,
2.Wider Acceptance-Wider acceptance over 39.3 million merchants and 1.88 million ATMs spread across India and abroad ,
3-RuPay Offers-Exclusive merchant offers and cash back 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. Please refer the below link below for more details.
4-Add on Cards-Make Union Bank of India your family Bank by gifting your family members (only for members above 18 years) an add-on RuPay Platinum Credit Card. The add-on card enables your family members to avail all the benefits and features applicable on the primary card. The Points earned on the add-on cards will be clubbed with those of the primary card and can be redeemed as per the bank policy in force.
Cons
No international usage
No complimentary airport lounge access
High late payment fees.
Pros & Cons
Welcome Benefits
Rewards System
1 Reward point = 0.25
You earn 1 RP for every INR 100 spent.
You 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.
Effective Cashback rate= 2%
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:-
Change the text to include your own content. Adjust the font, size or scale to customize the style.
Cons:-
1-Accidental Insurance Coverage-Personal Accidental Insurance Coverage of up to 2.00 lakh in case of loss of life or permanent disability due to acciden ,
2.Wider Acceptance-Wider acceptance over 39.3 million merchants and 1.88 million ATMs spread across India and abroad ,
3-RuPay Offers-Exclusive merchant offers and cash back 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. Please refer the below link below for more details.
4-Add on Cards-Make Union Bank of India your family Bank by gifting your family members (only for members above 18 years) an add-on RuPay Platinum Credit Card. The add-on card enables your family members to avail all the benefits and features applicable on the primary card. The Points earned on the add-on cards will be clubbed with those of the primary card and can be redeemed as per the bank policy in force.
No international usage
No complimentary airport lounge access
High late payment fees.
RuPay Platinum Credit Card
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.
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
Billing Cycle
30 Days