Fuel Credit Card- Best Fuel Credit Card in 2024
- Vaani Shrivastava
- Jun 29, 2024
- 6 min read
Updated: 5 days ago
Best Fuel Credit Card 2024- Union Bank UNI CARBON
The process of locating an appropriate credit card that suits you in the constantly moving environment of financial products is a daunting task. The Union Bank UNI CARBON Fuel Credit Card has become one of the leading competitors of 2024 for those who often visit the pump. This card is made to offer incredible advantages and benefits to the purchases of fuel, and this is in addition to assisting you in saving money whenever you fill up your tank and also gives you a variety of other benefits that can aid in improving your financial status in general.
The Union Bank UNI CARBON Fuel Credit Card is a combination of a convenient and efficient product and a competitive rewards program to make each visit to the gas station rewarding. The cardholder is allowed to have a cashback on the fuel costs, and has access to special deals and discounts at the partnered fuel stations. In addition, the card is designed with enhanced security applications and excellent customer service, thus providing a secure and smoother customer experience.
In this blog post, we will see the numerous advantages of the Union Bank UNI CARBON Fuel credit card, which has features, a reward program and how it compares with other fuel credit cards available in the market. This card will make the commutes to and fro office and the road trip more affordable and fun either way!
Features and Benefits:
UNI CARBON Credit Card of the Union Bank of India is a middle-end credit card with various benefits, which may be more beneficial to customers with frequent expenditures on fuel. This card is jointly branded with Hindustan Petroleum Corporation Limited (HPCL) and is aimed at giving a reward to the user whenever they do a fuel purchase at HPCL points.
Welcome Bonus: Cardholders will receive up to [?]300 welcome bonus by buying up to [?]300 or more fuel at the HPCL-approved fuel stores within 60 days of card activation.
Rewards Program: Each [?]100 the cardholder spends on non-fuel purchases, he earns 2 reward points, with points being equivalent to [?]0.25 each.
Cashback Benefits: This card comes with a major advantage, which is cashback on fuel expenditures. Any amount of transaction of [?]500 and above in the HPCL outlets will earn a reward amounting to 16 points, which will be translated to a cash back amounting to 4%. Also, purchases with the HP Pay App can be made with the UNI CARBON Credit Card and receive an additional 1.50% in cash back in the paid points system.
Fuel Surcharge Waiver: On purchases or transactions of [?]200 and above at HPCL outlets, 1/percent fuel surcharge waiver with a limit of [?]100/billing cycle.
Milestone Rewards: Cardholders will receive more reward points upon achievement of annual spends of [?]1,25,000.
Redemption Option: Rewards may be used as cashback, using Union Rewards, or the HP PAY app to buy HPCL products.
Accidental Insurance Coverage: The card will give coverage of accidental insurance up to [?]10 lakh.
Contactless Payments: The card is also capable of contactless payments to speed up the process of making transactions.
Pros and Cons:
Pros:
With HP Pay, the card gives up to 5.5% cashback on fuel transactions.
The yearly fee is quite cheap, and there is a fee waiver condition depending on the annual expenditure.
Rewards are also redeemed in the form of a statement credit, and this adds to the convenience.
Cons:
The number of maximum fuel rewards per transaction has a limit.
The fuel purchase reward of [?]150 per month can be restrictive to some users.
The interest rate charged on non-fuel expenditure is low at 0.5, and this is less than that of other cards.
Fees and Charges:
Joining Fee: ₹499 (plus applicable taxes).
Annual Fee: ₹499 (plus applicable taxes), which can be waived off if the card usage in the previous year amounts to ₹1,00,000 or more.
Fuel Surcharge Waiver: Capped at ₹100 per billing cycle.
The UNI CARBON Credit Card issued by the Union Bank of India is a good alternative to those who regularly use their money to purchase fuel, mostly in the HPCL outlets. The reward system of the card is created to provide cashback on the amount of fuel consumed, and other rewards like insurance coverage in case of an accident and contactless payment. Nevertheless, when assessing the overall value of the card, one should keep in mind the limits on the rewards and cashback. This is something to consider by potential users when comparing it to their spending styles to decide whether this card fits their financial requirements and lifestyles.
Conclusion
The most suitable credit card to use in 2024 is the Union Bank UNI CARBON fuel credit, which will have a package of benefits that meets the requirements of high drivers. The cardholders are able to earn a high amount of cashback on their fuel purchases. The reward scheme offered by this card is not restricted to fuel; it can cover the other daily costs, hence making it a handy addition to every wallet.
Other than financial rewards, the Union Bank UNI CARBON card includes value-added advantages like free insurance cover and the ability to get special offers and discounts. These are added benefits to the overall value proposition that cardholders will receive more than fuel savings.
Besides, the card has been complemented with digital payment solutions and a strong customer support service that simplifies the user experience, thus making it simple to transact without any hassles. To the green-conscious customers, the carbon neutrality of the UNI CARBON card is a welcome bonus, which is a good alignment of the financial gains with the sustainability concerns.
To sum up, the Union Bank UNI CARBON fuel credit card is an outstanding option in 2024, which combines financial incentives, useful features, and sustainability pledge. This card is the best fuel credit card in the market today because, whether you are a daily commuter or an occasional driver, the value of this card will not be matched anywhere.
To explore the more credit card and debit card offers in detail, visit our website.
FAQs
Q: What are the benefits of the UNI CARBON Credit Card?
The UNI CARBON Credit Card offers rewards for spending on fuel and non-fuel purchases. You get 4% cashback and 1% fuel surcharge waiver on HPCL transactions, and 2 reward points (worth Rs. 0.50) for every Rs. 100 spent elsewhere. There's also a welcome bonus of up to Rs. 300 for using the card at HPCL pumps within 60 days of activation.
Q: What is the eligibility criteria for the UNI CARBON Credit Card?
You need to be between 18 and 70 years old with a minimum annual income of Rs. 2.5 lakhs to apply. The bank offers the card to both salaried and self-employed individuals.
Q: Are there any fees associated with the UNI CARBON Credit Card?
Annual fees may apply depending on the variant you choose. There's also a cash advance fee of 3% or Rs. 200 (whichever is higher) for withdrawals at Union Bank ATMs and a higher fee for other ATMs.
Q: What is the maximum cashback I can earn with the UNI CARBON Credit Card?
The maximum cashback you can earn in a billing cycle is Rs. 150. This includes the Rs. 100 limit on the fuel surcharge waiver.
Q: Can I use the UNI CARBON Credit Card for international transactions?
No, by default, the UNI CARBON Credit Card works only on domestic POS machines and ATMs. You can enable international transactions through the Union Credit Card Mobile App or online portal.
Q: How do I redeem my reward points?
You can redeem your reward points for cashback through Union Rewards or the HP Pay app.
Q: What is the welcome bonus on the UNI CARBON Credit Card?
You can get a welcome bonus of up to Rs. 300 by spending Rs. 300 or more on fuel at an HPCL outlet within 60 days of activating your card.
Q: Does the UNI CARBON Credit Card offer any insurance benefits?
The specific benefits may vary depending on the card variant, but some UNI CARBON Cards might offer accidental death insurance or purchase protection insurance.
Q: How many add-on cards can I get with the UNI CARBON Credit Card?
You can get a maximum of 3 add-on cards for your spouse, children, or parents.
Q: How do I apply for the UNI CARBON Credit Card?
You can apply online through the Union Bank of India website or visit your nearest branch.
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