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VISA Signature Credit Card

Product Details
Credit Card Name : 

VISA Signature Credit Card

Bank Name :

Union Bank of India

Type :

Lifestyle Credit Card

Interest Rate : 

16% per annum on reducing balances

Eligibility :

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.

VISA Signature Credit Card
Pros

1.Airport Lounge Access & Concierge Services- The airport lounge access is being provided by VISA and is subject to change as per VISA discretion from time to time without any prior notice.Concierge Services of VISA International, the worldwide 24*7 customer service would be extended through their Global Toll Free numbers to assist for Travel, Hospitality and on Emergency cash assistance etc. 2.Wider Acceptance-Wider acceptance over 9 lakh merchants in India and over 29 million merchants abroad. 

3-Lost Card Liability-In case of loss of credit card, report it immediately at our 24-Hour Customer Care 1800 425 1515 (Toll free). The card will be immediately blocked for all transactions to prevent card misuse. Any fraudulent transaction up to 1.50 lacs after reporting the loss will be covered by the Bank. 

4- Visa Offers- Customers will be eligible for exclusive offers on shopping, hotel, and car rentals etc. which are provided for VISA cardholders. These offers are provided by VISA and may change as per VISA discretion from time to time without any prior notice. 

5. Fuel benefits: Customers get 1% waived off on the fuel surcharge when they buy fuel using the VISA Signature Credit Card at any petrol station in India. Customers can get a fuel surcharge waiver of up to Rs.100 each month. 

6. Milestone benefits: The annual fee of Rs.1,999 will be waived off if you spend Rs.2.7 lakh or more in the previous year. 

7. Discount and cashback benefits: Customers get cashbacks and discounts at partner restaurants.

Cons
  • No welcome benefit is provided to the users. 

  • High annual fees is levied upon the customers.

Pros & Cons
Welcome Benefits
None
Rewards System
  • You can redeem your reward points for movies, bus & air tickets, gift vouchers, etc. 

  • A minimum of 100 reward points needs to be accumulated for redemption. 

  • 1 reward point = Rs. 0.25. 

  • You can earn 1 RP for every INR 100 Spent. 

  • Effective cashback rate varies from 3.5% to 6%

International Forex Markup
International Forex Markup: Upto 3%
Welcome Benefits and Reward System
Special Features
None
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.

Benefits
  • 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 VISA Signature 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 VISA Signature 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 Priority Pass membership with access to over 1,300 airport lounges worldwide Buy 1 Get 1 Free offers at select restaurants and hotels Discounts on flights and hotel bookings Free movie tickets and other lifestyle benefits

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
VISA Signature Credit Card

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

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-1999 

  • 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%. 

  • Railway transactions fee 1.5% + IRCTC charges 

  • Reward Redemption Fees: NIL

Fuel Surcharge
Fuel surcharge will be Reimbursed @1% of the amount spent on fuel purchase subject to a maximum of 100/- per card per month.
Billing Cycle

30 Days

Fees & Charges
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