VISA Signature Credit Card
MyRupaya Ratings
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.
Pros
Reward System: The value of 1 reward point = Rs. 0.25. Users can earn 4 RP for every INR 100 spent. Effective cashback rate: 1%.
Users will get 4 complimentary access to a domestic airport lounge.
Accident insurance coverage of up to Rs. 30 lakh.
Fuel surcharge reimbursement of 1% of the amount spent on fuel purchase, subject to a maximum of Rs. 100 per card per month.
Option to add up to 3 add-on cards for family members.
Cons
No welcome benefit is provided to the users.
High annual fees is levied upon the customers.
Pros & Cons
Welcome Benefits
Rewards System
The value of 1 reward point = Rs. 0.25. Users can earn 4 RP for every INR 100 spent. Effective cashback rate: 1%.
International Forex Markup
Welcome Benefits and Reward System
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.
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.
Rewards redemption: You can redeem your reward points for cash back, vouchers, or merchandise from a variety of partner merchants.
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
Recommended Credit Cards
Pros:-
Change the text to include your own content. Adjust the font, size or scale to customize the style.
Cons:-
Reward System: The value of 1 reward point = Rs. 0.25. Users can earn 4 RP for every INR 100 spent. Effective cashback rate: 1%.
Users will get 4 complimentary access to a domestic airport lounge.
Accident insurance coverage of up to Rs. 30 lakh.
Fuel surcharge reimbursement of 1% of the amount spent on fuel purchase, subject to a maximum of Rs. 100 per card per month.
Option to add up to 3 add-on cards for family members.
No welcome benefit is provided to the users.
High annual fees is levied upon the customers.
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.
VISA Signature Credit Card
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, waived if usage in the previous year is Rs. 2,70,000.
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