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Union Bank of India
Union Bank VISA Signature Credit Card
Visa
Union Bank VISA Signature Credit Card
Union Bank's top Visa card earns a flat 1% in points with no joining fee, but its ₹1,999 annual fee is waived only after ₹2.7 lakh of yearly spend. It fits Union Bank customers who want an international Visa card and will spend enough to avoid the fee.
Annual fee
₹1,999
Joining fee
₹0
Reward type
points
Base reward rate
1%
Card network
Visa
Card tier
Mid
Who this card fits
Best suited to applicants who clear the standard eligibility bar. Its annual fee waives if you can comfortably clear the spend threshold.
Rewards & benefits
- Rewards rate: 1% base rate
- Reward redemption: Redeem via Union Rewardz for merchandise, vouchers, travel or bill payment; 1 point = ₹0.25
- Insurance benefits: Accidental insurance cover of ₹30 lakh (premium borne by the cardholder)
Benefits by category
- 🛡️ Insurance
₹30 lakh accidental insurance (premium paid by cardholder)
- ⛽ Fuel
1% fuel surcharge waiver up to ₹100 per cycle
- 🌍 Forex / international spend
3% forex markup on international transactions
Eligibility
- Minimum monthly income: ₹40,000
- Employment: salaried, self-employed
- Age: 21–70
Fees & charges
- Spend-based waiver: Waived on annual spend of ₹2,70,000
- Foreign currency markup: 3%
- Interest rate: 3% p.a.
- Fuel surcharge waiver: 1% fuel surcharge waiver, up to ₹100 per billing cycle
- Cash advance charges: 3% of the cash advance, minimum ₹500; interest at 2.5% p.m. from the date of withdrawal
Benefits
- 4 reward points per ₹100 spent (1 point = ₹0.25)
- ₹30 lakh accidental insurance (premium paid by cardholder)
- 1% fuel surcharge waiver up to ₹100 per cycle
Pros
- + No joining fee
- + Flat 1% value back on all eligible spends
- + Up to 3 add-on cards
Cons
- − ₹1,999 annual fee needs ₹2.7 lakh spend to waive
- − Accident cover premium is paid by the cardholder
- − 3% forex markup and 3% monthly interest