Union Bank of India Credit Card – Apply, Features, Benefits, and How to Buy

The Union Bank of India Credit Card is one of the most trusted financial products in India, offering a variety of features and benefits tailored to meet the needs of different customers. With a wide range of credit cards to choose from, Union Bank has made a name for itself in the financial services industry by providing valuable credit card options for individuals looking to manage their finances, earn rewards, and enjoy a seamless shopping experience.

In this article, we’ll explore everything you need to know about the Union Bank of India Credit Card, including how to apply, its features, benefits, and more. We will also provide comparisons with other products in the market, so you can make an informed decision.

Understanding Union Bank of India Credit Cards

Union Bank of India provides a range of credit cards to cater to different segments of customers. The credit cards come with various features, allowing customers to earn rewards points, enjoy cashbacks, and benefit from exclusive offers. Whether you’re a frequent traveler, a shopper, or someone who enjoys luxury, Union Bank has something for you.

Types of Union Bank of India Credit Cards

Union Bank offers several types of credit cards. Some of the popular ones include:

Union Bank Gold Credit Card: This is ideal for those who are just starting with credit cards. It offers a range of rewards and a low annual fee.
Union Bank Platinum Credit Card: Tailored for frequent shoppers and those who want to maximize their rewards points.
Union Bank Signature Credit Card: Designed for premium users, this card offers exclusive benefits such as airport lounge access, luxury hotel stays, and more.
Union Bank Travel Credit Card: Perfect for those who travel frequently, this card provides travel-related benefits like discounts on air tickets, hotel bookings, and more.

Each of these cards comes with its own set of benefits and eligibility criteria, giving you the flexibility to choose one that suits your financial goals.

Benefits of Union Bank of India Credit Cards

Union Bank of India Credit Cards are designed to provide users with a wide range of benefits, from everyday shopping rewards to exclusive offers and travel perks. The card offers flexibility, security, and the convenience of managing your finances while enjoying various privileges. Here’s a more detailed breakdown of the key benefits you can expect when you choose a Union Bank of India Credit Card:

1. Reward Points System

One of the most compelling reasons to get a Union Bank of India Credit Card is its reward points program. Cardholders earn reward points for every purchase they make using their credit card. These reward points can be redeemed for a variety of goods and services, including shopping vouchers, air miles, and even cashback.

Earn Reward Points for Every Transaction: Whether you’re shopping online, dining out, or buying groceries, you can earn reward points with almost every transaction. The Union Bank Platinum Credit Card allows cardholders to earn 2 reward points for every ₹100 spent on retail purchases, and even higher reward points for specific categories like online shopping, dining, and more.
Bonus Points: On special occasions or as part of promotional offers, Union Bank often provides bonus points on specific purchases, making it easier to accumulate points quickly. For example, if you use your card for a certain category of purchase (like booking travel or dining at partner restaurants), you may earn additional points beyond your regular transaction points.
Redeem for a Variety of Products: Accumulated reward points can be redeemed for a variety of products and services, such as home appliances, fashion items, travel vouchers, and more. Union Bank partners with major brands, providing a rich catalog of choices for cardholders to choose from when redeeming their points.

2. Exclusive Offers and Discounts

Union Bank of India Credit Cards come with exclusive offers and discounts that can enhance your shopping and travel experiences. These offers are available throughout the year and can be found in various categories, including:

Shopping Discounts: Cardholders can avail discounts on e-commerce websites such as Amazon, Flipkart, and other online retailers, providing savings on everyday purchases. Additionally, Union Bank collaborates with several retail brands and offers special discounts for cardholders.
Dining Offers: Many Union Bank of India Credit Cards offer discounts or cashback on dining bills at partner restaurants. If you enjoy eating out, you can save on your meal costs at a wide variety of restaurants, from local favorites to fine-dining establishments.
Travel Offers: Union Bank also provides exclusive travel-related offers, such as discounted airfares, hotel bookings, and travel packages. These offers are especially valuable for frequent travelers and can make your travel experiences more affordable and enjoyable.
Festive and Seasonal Promotions: During major festivals or holiday seasons, Union Bank of India offers special bonus reward points, cashback offers, and discounts on select categories. These limited-time promotions are designed to help you maximize your savings and make the most of your credit card.

3. Low-Interest Rates and Flexible Repayment Options

Union Bank of India Credit Cards are known for offering competitive interest rates and flexible repayment options. If you carry a balance on your card, you can benefit from lower interest rates compared to other banks’ credit cards.

Low Interest Charges: Union Bank keeps interest rates on credit card balances competitive, which means you won’t be paying excessively high charges on any outstanding balance. This is especially helpful for cardholders who need to carry a balance for a few months and want to minimize interest charges.
Grace Period for Payments: Union Bank offers a grace period for repayment, allowing cardholders to avoid interest charges if they clear their balances within the allotted time. This grace period typically ranges from 20 to 50 days, depending on the type of card you hold.
Flexible Repayment Options: If you find yourself unable to pay your balance in full, Union Bank provides the option of minimum monthly payments. You can also convert large purchases into easy EMIs (Equated Monthly Installments), which help break down a larger amount into smaller, manageable payments.

4. Comprehensive Insurance Coverage

Union Bank of India Credit Cards come with comprehensive insurance coverage, providing added protection for cardholders during travel and other unforeseen situations. The insurance benefits include:

Travel Insurance: Union Bank offers travel insurance that covers unexpected events like flight cancellations, baggage loss, and medical emergencies during travel. This can be especially beneficial for frequent flyers who want peace of mind while traveling abroad or domestically.
Purchase Protection: Union Bank of India Credit Cards often include purchase protection insurance, which covers the theft, damage, or loss of goods purchased using the card. If you buy an item and it gets damaged or stolen within a certain period, the insurance coverage can provide reimbursement.
Hospitalization Insurance: Some Union Bank credit cards come with hospitalization insurance, offering coverage for medical emergencies. This could cover the costs of hospitalization, including surgeries or other necessary medical treatments if the need arises.
Personal Accident Insurance: Many cards also come with personal accident insurance, which offers financial protection in the event of an accidental death or injury while traveling or even during regular activities.

5. Contactless Payment Technology

Union Bank of India Credit Cards are equipped with contactless payment technology, which allows you to make payments faster and more securely. With this technology, you can simply tap your card on a payment terminal that supports contactless payments, making the transaction quicker than ever before.

Faster Transactions: No more swiping or inserting your card. Just tap it on the terminal, and the payment is processed instantly, saving time during everyday transactions.
Secure Payments: Contactless payments are protected by advanced security features, such as tokenization and encryption, ensuring that your card details remain safe during transactions. Additionally, for transactions above a certain amount, you may need to enter your PIN for added security.
Convenience: This technology is ideal for people who are always on the go, offering a seamless and hassle-free payment experience. Whether you’re in a hurry or simply prefer quick payments, contactless technology ensures that you won’t have to worry about carrying cash or waiting for lengthy processing times.

6. Access to Airport Lounges

For premium cardholders, such as those with the Union Bank Signature Credit Card, there is an added benefit of complimentary access to airport lounges. This is an excellent perk for travelers, especially frequent flyers who want to relax before their flights.

Lounge Access: With this benefit, you can enjoy comfortable seating, refreshments, Wi-Fi, and other facilities at select airport lounges across India and internationally. It’s a great way to unwind and relax during long layovers or delays.
Priority Service: Many lounges offer priority services like quick boarding assistance and more, ensuring that your time at the airport is comfortable and stress-free.
Exclusive Lounges: Access is usually available in premium international and domestic airports that cater to high-end travelers, providing a luxurious waiting experience with enhanced services.

7. Zero Liability on Lost or Stolen Cards

Another valuable benefit is Union Bank of India’s zero liability policy. If your card is lost or stolen, you are not held responsible for unauthorized transactions that occur after you report the loss.

Quick Reporting: If your card is lost or stolen, immediately report the incident to Union Bank’s customer service. The bank will block the card to prevent any unauthorized transactions and issue a replacement card.
No Financial Loss: As long as the loss is reported within the specified time (usually within 48 hours), you will not be liable for any fraudulent transactions that occur before the card is reported.

Union Bank of India Credit Cards are packed with valuable benefits designed to meet the diverse needs of cardholders. Whether you’re looking to earn rewards, save on shopping and travel, or enjoy enhanced security and convenience, these credit cards provide a comprehensive solution. The combination of low-interest rates, insurance coverage, exclusive offers, and cutting-edge technology makes Union Bank credit cards an excellent choice for individuals seeking a reliable and rewarding financial product.

How to Apply for Union Bank of India Credit Card

Eligibility Criteria

Before applying for a Union Bank of India Credit Card, it is important to meet the following basic eligibility requirements:

Age: You must be at least 21 years old and not older than 60 years.
Income: A minimum monthly income of ₹20,000 is generally required for most cards, but this varies depending on the type of card you wish to apply for.
Credit History: A good credit score (750 and above) is essential for approval.

Application Process

The application process is straightforward and can be done online or in person at a Union Bank branch. Here’s how:

Online Application:
- Visit the official Union Bank of India website.
- Select the credit card type that best suits your needs.
- Fill in the online application form with your personal and financial details.
- Submit your documents such as proof of identity, proof of address, and income proof.
- Once approved, your card will be sent to your registered address.
In-Branch Application:
- Visit the nearest Union Bank branch.
- Meet with a relationship manager who will assist you with the application.
- Provide the necessary documents and fill out the application form.

After your application is reviewed, you will receive an approval notification.

Real-World Examples: Union Bank Credit Cards vs. Competitors

To understand the advantages of Union Bank’s credit cards, it is useful to compare them with some of the leading credit card products in India. Let’s explore a few examples:

Union Bank Platinum Credit Card vs. HDFC Bank Regalia Credit Card

Features Comparison

Union Bank Platinum Credit Card:
- Double reward points on online purchases.
- Low annual fee of ₹999.
- Access to a variety of exclusive offers and discounts.
HDFC Bank Regalia Credit Card:
- 1 reward point per ₹150 spent.
- Access to airport lounges and concierge services.
- Annual fee of ₹2,500.

Pros:

Union Bank’s Platinum Card offers higher rewards on purchases, making it a better option for regular shoppers.
HDFC’s Regalia card is great for frequent travelers with its premium travel perks.

Cons:

Union Bank’s card doesn’t offer as many premium benefits as the HDFC Regalia card.
HDFC’s annual fee is higher compared to Union Bank.

Price:

Union Bank Platinum Credit Card: ₹999 per annum.
HDFC Regalia Credit Card: ₹2,500 per annum.

Union Bank Signature Credit Card vs. SBI Elite Credit Card

Features Comparison

Union Bank Signature Credit Card:
- 5x reward points on dining and shopping.
- Exclusive luxury perks such as hotel discounts and concierge services.
- Free access to airport lounges.
SBI Elite Credit Card:
- 2 reward points per ₹100 spent.
- 12 complimentary airport lounge visits annually.
- Welcome gift vouchers worth ₹5,000.

Pros:

The Union Bank Signature card offers excellent rewards on dining and shopping.
SBI Elite offers higher airport lounge access.

Cons:

SBI’s annual fee is higher than Union Bank’s Signature card.
Union Bank’s card has fewer lounge access visits compared to SBI.

Price:

Union Bank Signature Credit Card: ₹2,000 per annum.
SBI Elite Credit Card: ₹4,999 per annum.

Where and How to Buy Union Bank of India Credit Cards

To purchase or apply for a Union Bank of India Credit Card, you can visit the official Union Bank website or visit a branch near you. The application process is simple and can be completed online with minimal paperwork. Once approved, your card will be dispatched and delivered to your address.

Apply Now: Union Bank of India Credit Card Application

FAQs

1. What are the benefits of having a Union Bank of India Credit Card?
Union Bank of India Credit Cards offer benefits such as reward points, low-interest rates, insurance coverage, and exclusive discounts on various purchases. They are designed to cater to different financial needs, from basic shopping to luxury experiences.

2. How can I apply for a Union Bank of India Credit Card?
You can apply for a Union Bank of India Credit Card online through their official website or visit a branch to fill out the application form. Make sure to meet the eligibility criteria and provide the necessary documents.

3. What is the annual fee for Union Bank of India Credit Cards?
The annual fee for Union Bank of India Credit Cards varies depending on the type of card. It ranges from ₹999 for basic cards to ₹2,000 or more for premium cards, depending on the benefits offered.

By choosing a Union Bank of India Credit Card, you can enjoy a wide array of benefits, from cashback offers to luxury perks. With its easy application process and comprehensive features, it’s an excellent choice for those seeking a reliable financial tool to help manage their spending and earn rewards.