Union Bank of India Visa Platinum Credit Card

Union Bank of India Visa Platinum Credit Card is a lifestyle credit card from Union Bank of India. The value of 1 reward point = ₹0.25.

Joining fee: Nil
Annual fee: 399
Forex markup: 3%
Interest: 16% p.a., on reducing balances

More Union Bank of India cards

Rewards & cashback

The value of 1 reward point = ₹0.25
Users can earn 2 RP for every ₹100 spent
General Cashback Rate: 0.5%

More benefits & features

Accident insurance coverage of up to ₹10 lakh
Option to add up to 3 add-on cards for family members
Exclusive offers on shopping, hotel, and car rentals, etc. from VISA

Fees & charges

Joining fee: Nil
Annual fee: 399
Foreign currency markup: 3%
Interest rate: 16% p.a., on reducing balances
Late payment: Up to ₹25,000/- = ₹200/- Above ₹25,000/- = ₹500/- Statement for > 3 months = ₹50/- per statement
Cash advance: 2.5% per month from date of withdrawal
Billing cycle: 30 Days
Other fees: Railway transactions fee 1.5% + IRCTC charges | Reward Redemption Fees: NIL

Pros and cons

What works well

The value of 1 reward point = ₹0.25
Users can earn 2 RP for every ₹100 spent
Effective cashback rate: 0.5%
A minimum of 100 reward points needs to be accumulated for redemption
Fuel surcharge reimbursement of 1% of the amount spent on fuel purchase, subject to a maximum of ₹100 per card per month
Accident insurance coverage of up to ₹10 lakh

Worth knowing

No welcome benefit is provided to the users
No domestic or international airport lounge access facility available

Who can apply

Minimum income: ₹2.5 lakh per year
If you are a professional, you should be between 18 years and 70 years
The age of the add-on credit cardholder has to be 18 years or more
If you are a salaried person, your age should be between 18 years and 60 years

How to apply

Online
Visit the Union Bank of India website and go to the Credit Card section
Click on the "Apply Now" button for the VISA Platinum Credit Card
Fill in the application form with your personal and financial details
Upload the required documents, such as your PAN card, ID proof, and address proof
Submit the application form
Required documents PAN card ID proof (Aadhaar card, driving license, passport, etc.) Address proof (Aadhaar card, bank statement, utility bill, etc.) Income proof (salary slip, ITR, etc.)
The processing time for Union Bank of India's VISA Platinum Credit Card application is typically 7-10 business days
Once your application is approved, you will receive your credit card within 7-10 business days

Details come from information published by Union Bank of India and may change. Confirm current fees, benefits and eligibility with the bank before applying. Some links are partner links; MyRupaya may earn a commission at no extra cost to you.