Union Bank of India Credit Cards - Features, Eligibility and Charges
Union Bank of India Credit Cards are designed to support everyday spending and lifestyle needs with global acceptance and enhanced security. All cards are EMV Chip and PIN enabled, offering protection against counterfeiting and skimming.
Salient Features
- Wide acceptance across VISA, MasterCard, and RuPay networks
- EMV chip technology for enhanced transaction security
- Global acceptance across all card variants
- Minimum Payment Due (MPD): 5% of the billed amount
- Free credit period of 20 to 50 days, including rollover option
- No finance charges on fresh purchases during the free credit period
- Low annual subscription fee from the second year onwards
- Free Lost Card Insurance Cover
- SMS alerts for transactions, billing, credits, card blocking, and renewal
- Monthly e-statement sent to registered email ID
Eligibility Criteria
- Cards issued against minimum annual proven income of ₹4.80 lakh
- Credit Cards can also be issued against lien on deposits, without income proof
- Sanctioning of card and credit limit is at the discretion of the bank
Add-on and Cash Facilities
- Up to 3 add-on cards for spouse, parents, or major children
- Cash advance facility:
- 20% to 40% of card limit, depending on card variant
- Subject to ATM daily limit of two transactions or ₹20,000 per day
Insurance Coverage
- Group Personal Accident Insurance available
- Offered at a nominal premium, chargeable only if opted by the cardholder
Service Charges
- Finance charges: 3% per month on unpaid balance
- Applicable when Minimum Payment Due is paid
- Also applicable when Minimum Payment Due is not paid within the due date
Summary
Union Bank of India Credit Cards provide secure chip-based transactions, flexible eligibility options, and globally accepted payment solutions. The cards are suitable for users seeking basic credit facilities with controlled charges and essential protections.
Disclaimer
This content is shared for informational purposes only and does not constitute official communication from Union Bank of India. Features, charges, eligibility, and benefits are subject to change at the bank’s discretion. Please refer to the official bank commumunication or applicable Most Important Terms and Conditions (MITC) before applying.
