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Union Bank of India Visa Signature Credit Card
Rewards & Benefits
Welcome Benefits
None.
Milestone Benefits
None.
Cashback Rate
The value of 1 reward point = INR 0.25.
Users can earn 4 reward point for every INR 100 spent.
General Cashback Rate: 1%.
Movie Benefits
None.
Dining Benefits
None.
Other Benefits
Accident insurance coverage of up to INR 30 Lakhs.
Option to add up to 3 add-on cards for family members.
Shopping and dining offers from Visa from time to time.
Lounge Access
Users will get 4 complimentary accesses to a domestic airport lounge per year, once per quarter.
Rewards & Benefits
Welcome Benefits
None.
Milestone Benefits
None.
Cashback Rate
The value of 1 reward point = INR 0.25.
Users can earn 4 reward point for every INR 100 spent.
General Cashback Rate: 1%.
Movie Benefits
None.
Dining Benefits
None.
Other Benefits
Accident insurance coverage of up to INR 30 Lakhs.
Option to add up to 3 add-on cards for family members.
Shopping and dining offers from Visa from time to time.
Lounge Access
Users will get 4 complimentary accesses to a domestic airport lounge per year, once per quarter.
Fees & Charges
Joining Fee
NIL,
Annual Fee
1999, waived if usage in the previous year is Rs. 2,70,000.
Cash Advance Fee
Cash advance fee: 2.5% per month from date of withdrawal
Interest rate
Interest Rates: 16% p.a., on reducing balances
Late Payment Fee
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 Fee
Foreign Currency Transactions Fees: 3%.
Other Fees
Railway transactions fee 1.5% + IRCTC charges | Reward Redemption Fees: NIL
Fees & Charges
Joining Fee
NIL,
Annual Fee
1999, waived if usage in the previous year is Rs. 2,70,000.
Cash Advance Fee
2.5% or ?500 whichever is higher
Interest rate
Interest Rates: 16% p.a., on reducing balances
Late Payment Fee
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 Fee
Foreign Currency Transactions Fees: 3%.
Other Fees
Railway transactions fee 1.5% + IRCTC charges | Reward Redemption Fees: NIL
Special Features
Eligibility Criteria
Minimum income: Rs.10 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.
Speical Feature, Eligibility and Benefits
How to apply for Credit Card?
Visit the Union Bank of India website and go to the Credit Card section.
Click on the "Apply Now" button for the VISA Signature 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.
To apply for Union Bank of India's VISA Signature Credit Card, you will need the following 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 Signature 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.
Contact Details
Toll free numbers are : 1800 2222 44
1800 2222 43
1800 208 2244 1800
Account Opening and Procedure
The Union Bank of India VISA Signature Credit Card is a top-tier option for high-net-worth individuals who travel frequently, spend heavily on premium categories, and appreciate luxury experiences. Its generous rewards, unparalleled travel privileges, and exclusive lifestyle benefits cater to a sophisticated lifestyle. However, the high annual fee and potential for limited value for non-frequent travelers necessitate careful consideration of your spending habits and priorities.
The Union Bank of India VISA Signature Credit Card is a top-tier option for high-net-worth individuals who travel frequently, spend heavily on premium categories, and appreciate luxury experiences. Its generous rewards, unparalleled travel privileges, and exclusive lifestyle benefits cater to a sophisticated lifestyle. However, the high annual fee and potential for limited value for non-frequent travelers necessitate careful consideration of your spending habits and priorities.
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