Union Uni Carbon Credit Card – Benefits, Fees & Eligibility

Introduction

The Union Uni Carbon Credit Card is a co-partnership fuel card with HPCL, designed to reward users primarily on their fuel expenses. Cardholders can earn 4% cashback on every Rs 100 spent on fuel and 6 payback points for fuel transactions at HPCL stations via the HP Pay app or POS. It offers bonus reward points for annual spending of Rs 1,25,000 and provides a spend-based waiver on the annual fee for spending Rs 1,00,000 or more. Additionally, users benefit from a 1% fuel surcharge waiver on transactions of Rs 200 or more.

Welcome Benefits

• You get Rs 300 credited on your bill amount when using your Union Uni Carbon Credit Card at any HPCL fuel station.
• This offer is applicable on fuel spending of Rs 300 or above at authorized HPCL fuel stations within 60 days from the date of card issuance.

Fees

• Joining Fee: Rs. 499 + GST
• Renewal Fee: Rs. 499 + GST
• Spend-Based Waiver: The annual fee of Rs 499 is waived on spending Rs 1,00,000 or above in the previous year.
• Rewards Redemption Fee: Nil
• Foreign Currency Markup: 3%
• Interest Rates: 2.95% p.m. (41.75% p.a.)
• Fuel Surcharge: 1% surcharge waiver on fuel transactions of Rs 200 or above at all HPCL fuel stations. This waiver is capped at a maximum limit of Rs 100 per billing cycle.
• Cash Advance Charges: 3% or Rs. 200 (whichever is higher)

Rewards

• Fuel Spending Rewards:
  • Earn 16 reward points on fuel spending of Rs 500, which is equivalent to 4% cashback.
  • Get 4% cashback on every Rs 100 spent on fuel, subject to a maximum of Rs 150 per billing cycle.
  • Receive 6 payback points on fuel transactions made at HPCL fuel stations either through the HP Pay app or POS.
  • Benefit from a 1% surcharge waiver on fuel transactions of Rs 200 or above at all HPCL fuel stations, capped at a maximum limit of Rs 100 per billing cycle.
• Non-Fuel Spending Rewards:
  • Earn 2 reward points on every Rs 100 spent on non-fuel transactions.
  • This provides a reward rate of Rs 0.50 on non-fuel transactions (as 1 Reward Point = Rs 0.25).
• Movies & Dining: Not Available
• Travel: Not Available
• Domestic Lounge Access: Not Available
• International Lounge Access: Not Available
• Golf: Not Available
• Insurance Benefits:
  • Receive an air accidental cover up to Rs 10 lakhs.

• Milestone Benefits

  • Earn 500 reward points on annual spending of Rs 1,25,000.
  • Additional reward points are accrued for every consecutive spending of Rs 25,000 over the Rs 1,25,000 milestone:
    • On Rs 1,25,000 annual spending: 500 reward points.
    • On Rs 1,50,000 annual spending: 600 reward points.
    • On Rs 1,75,000 annual spending: 700 reward points.
    • On Rs 2,00,000 annual spending: 800 reward points.
  • Get 1000 reward points on every Rs 50,000 spent beyond Rs 2,00,000 in the previous year.

Rewards Redemption Guide

• 1 Reward point is equivalent to Rs 0.25.
• Reward points can be redeemed against cashback using your credit card at the HP Pay app.
• For non-fuel transactions, the monetary reward rate is Rs 0.25 per Reward Point.

Card Eligibility Criteria

• Self-Employed:
  • Age: 18-70 years
  • Income: Rs 2.5 Lac/p.a
• Salaried:
  • Age: 18-60 years
  • Income: Rs 2.5 Lac/p.a

Card Review

The Union Uni Carbon Credit Card is best-suited for individuals with high day-to-day fuel expenses. It offers a strong reward rate of 4% cashback on fuel transactions, along with a decent reward rate of Rs 0.50 on non-fuel spending (2 reward points for every Rs 100 spent, where 1 RP = Rs 0.25). A significant advantage of this card is its comprehensive milestone benefits. However, the redemption options for rewards are noted as being very limited.

Important Product Details

• Earn 500 Reward Points on annual spending of Rs 1,25,000.
• Get 16 reward points on fuel spending of Rs 500, which is equivalent to 4% cashback.
• Receive 2 reward points on every Rs 100 spent on non-fuel transactions.
• A welcome bonus of Rs 300 is credited to your bill amount when used at any HPCL fuel station.
• Enjoy an annual fee waiver on spending of Rs 1,00,000 or above in the previous year.
• Includes an air accidental cover up to Rs 10 lakhs.
• Provides a 1% surcharge waiver on fuel transactions of Rs 200 or above at all HPCL fuel stations.

Other Details

• Best Suited For: Fuel
• Reward Type: N/A (however, the card offers reward points and cashback as detailed in the Rewards section)
• The Union Uni Carbon Credit Card can be used for international transactions.