Union Platinum RuPay Credit Card – Benefits, Fees & Eligibility

Union Platinum RuPay Credit Card

Introduction

The Union Platinum RuPay Credit Card is a premium offering from Union Bank of India, functioning as a cashback-centric credit card. It provides cashback benefits on various transactions such as utility bill payments and IRCTC bookings. Cardholders can also earn 2 reward points for every Rs. 100 spent. This card is recognized for its affordability, featuring a nil joining fee, and offers a decent range of rewards and benefits. Beyond typical spends, it provides complimentary insurance coverage, a fuel surcharge waiver, and other perks, making it a suitable option for individuals seeking an accessible credit card with substantial value.

Welcome Benefits

• There are no welcome benefits associated with the Union Platinum RuPay Credit Card.

Fees

• Joining Fee: Nil
• Renewal Fee: Rs. 299 + GST
• Spend-Based Waiver: The renewal fee is waived off if you spend Rs. 30,000 in the previous year.
• Rewards Redemption Fee: Nil
• Foreign Currency Markup: 3%
• Interest Rates: 2.95% per month (equivalent to 41.75% per annum)
• Fuel Surcharge: 1% fuel surcharge waiver on fuel transactions, capped at a maximum of Rs. 100 per month.
• Cash Advance Charges: 3% of the advanced amount or Rs. 200, whichever is higher.

Rewards

• Best Suited For: Shopping
• Earn 2 reward points on every Rs. 100 spent using this card.
• Earn a maximum of Rs. 50 cashback per month on utility bill payments.
• Earn a maximum of Rs. 50 cashback per month on a minimum transaction of Rs. 500 in your mobile wallet.
• Earn a cashback of Rs. 25 on spending a minimum of Rs. 300 on IRCTC transactions.
• Insurance Benefits:
  • Covers accidental air death up to Rs. 8 lakhs.
  • Covers other accidental death up to Rs. 5 lakhs.
  • Provides credit lost insurance cover up to Rs. 1,50,000.
• Movie & Dining: No specific benefits mentioned.
• Travel: No specific benefits mentioned (though reward points can be redeemed for travel).
• Domestic Lounge Access: Not provided with this card.
• International Lounge Access: Not provided with this card.
• Golf: No specific benefits mentioned.

Rewards Redemption Guide

• Reward points can be redeemed for movies, bus & air tickets, gift vouchers, and other options from Union Rewardz.
• A minimum of 100 reward points must be accumulated for redemption.
• 1 reward point is equivalent to Rs. 0.25.
• Reward points are valid for up to 3 years from the date of accumulation.

Card Eligibility Criteria

• Eligibility Rules:
  • The applicant's age should be a minimum of 21 years.
  • The applicant should either be salaried or self-employed, demonstrating a stable source of income.
  • The applicant should possess a decent credit history.
• Documents Required:
  • Any valid government-approved identity and address proof.
  • Copy of PAN Card.
  • A passport-size photograph of the applicant.
  • For salaried individuals, the latest 3 months’ salary slips or the latest audited ITR as income proof.
  • For self-employed individuals, the latest ITR as income proof.

Card Review

The Union Platinum RuPay Credit Card is a strong option for those seeking an affordable credit card that delivers decent rewards and benefits. Its nil joining fee makes it highly accessible. Cardholders can benefit from specific cashback offers on utility bills, mobile wallet transactions, and IRCTC, alongside general reward points for other spending. The card also includes valuable insurance benefits, such as accidental air death cover, other accidental death cover, and credit card lost cover, which add significant security. The 1% fuel surcharge waiver is an additional perk. While it lacks welcome benefits and lounge access, the renewal fee of Rs. 299 + GST can be easily waived by spending Rs. 30,000 annually, making it a valuable and cost-effective choice for everyday shopping and essential transactions.

Important Product Details

• The Union Platinum RuPay Credit Card comes with no joining fee.
• Cardholders earn 2 reward points on every Rs. 100 spent.
• A cashback of Rs. 50 can be earned monthly on utility bill payments.
• A cashback of Rs. 50 can be earned monthly on mobile wallet transactions with a minimum spend of Rs. 500.
• A cashback of Rs. 25 is available on IRCTC transactions with a minimum spend of Rs. 300.
• The card provides accidental air death cover up to Rs. 8 lakhs and credit card lost cover up to Rs. 1,50,000.
• Each reward point holds a value of Rs. 0.25.
• The annual renewal fee of Rs. 299 + GST is waived if an annual spend of Rs. 30,000 is met.
• A 1% fuel surcharge waiver is provided, capped at Rs. 100 per month.

Other Details

• How To Apply: Application for the Union Platinum RuPay Credit Card can be done by visiting the nearest Union Bank branch and filling out a physical application form. Online application is not currently available.
• Card Rating: 4.4/5