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Union Bank Rupay Platinum Credit Card
Rewards & Benefits
Welcome Benefits
None.
Milestone Benefits
None.
Cashback Rate
The value of 1 reward point = 0.25.
Users will earn 2 RP for every INR 100 spent.
Effective cashback rate = 0.50%.
Movie Benefits
None.
Dining Benefits
None.
Other Benefits
Free accidental insurance cover of INR 2 Lakh.
3 maximum add on cards.
Card can be linked to UPI through UPI apps like Phonepe.
Annual fee is waived if annual spends are aove INR 30,000
Lounge Access
None.
Rewards & Benefits
Welcome Benefits
None.
Milestone Benefits
None.
Cashback Rate
The value of 1 reward point = 0.25.
Users will earn 2 RP for every INR 100 spent.
Effective cashback rate = 0.50%.
Movie Benefits
None.
Dining Benefits
None.
Other Benefits
Free accidental insurance cover of INR 2 Lakh.
3 maximum add on cards.
Card can be linked to UPI through UPI apps like Phonepe.
Annual fee is waived if annual spends are aove INR 30,000
Lounge Access
None.
Fees & Charges
Joining Fee
NIL,
Annual Fee
Rs 299
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
Reward Redemption Fees: NIL
Fees & Charges
Joining Fee
NIL,
Annual Fee
Rs 299
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
Reward Redemption Fees: NIL
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
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
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.
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