The Union Bank of India RuPay Platinum Credit Card is designed to provide exceptional services and privileges for individuals seeking a superior experience in every aspect of their lives. Whether you are in India or abroad, this credit card offers unmatched benefits that align with your lifestyle and preferences. With its EMV Chip and PIN technology, the card ensures secure transactions at Point of Sale terminals, providing advanced protection against counterfeiting and skimming.
Compliant with RBI guidelines effective from November 30th, 2013, this chip-enabled card offers enhanced security for all your transactions. The welcome kit provides detailed information about the card’s features, facilities, and usage guidelines, allowing you to make the most of its benefits.
Benefits of Union Bank Rupay Platinuim Credit Cards
Interest Free Credit:
Benefit from an interest-free credit period of 21 to 50 days on your purchases, allowing you to manage your payments according to your convenience. You have the flexibility to choose whether to pay the total outstanding amount, the minimum amount due, or any other amount higher than the minimum.
Fuel Surcharge Reimbursement:
Enjoy fuel surcharge reimbursement of 1% on the amount spent on fuel purchases, with a maximum reimbursement of 100/- per card per month.
Accidental Insurance Coverage:
In the unfortunate event of loss of life or permanent disability due to an accident, the card provides personal accidental insurance coverage of up to 2.00 lakh. Terms and conditions apply.
Concierge Services:
Avail 24/7 domestic concierge services provided by RuPay through their toll-free number 1800 26 78729. These services are designed to save you valuable time and are subject to change at RuPay’s discretion without prior notice.
Wider Acceptance:
Experience wider acceptance with over 39.3 million merchants and 1.88 million ATMs across India and abroad, ensuring convenient usage of your RuPay Platinum Credit Card.
Lost Card Liability:
In case of loss of your credit card, promptly report it to our 24-Hour Customer Care at 1800 425 1515 (toll-free). The card will be immediately blocked to prevent unauthorized transactions. Any fraudulent transactions up to 1.50 lacs after reporting the loss will be covered by the Bank.
Add-on Cards:
Extend the benefits of Union Bank of India to your family members (above 18 years) by gifting them an add-on RuPay Platinum Credit Card. The add-on card enables them to enjoy all the benefits and features applicable to the primary card. Points earned on the add-on cards can be clubbed with those of the primary card and redeemed as per the bank’s policy.
RuPay Offers:
Take advantage of exclusive merchant offers and cashback on eateries, restaurants, and utility payments provided by RuPay. These offers are subject to change at RuPay’s discretion without prior notice. Please refer to the link below for more details.
Fees and Charges
Type of Fee – Charges (Amount/%)
- Admission Fee: Nil
- Annual Subscription – Main Card: 299/-
- Annual Subscription – Add-on Card: 199/-
- Annual Subscription waived in the first year and not levied if usage in the previous year: 30,000/-
- Roll Over Facility: 5%
- Free Credit Period: 21 to 50 days, depending on the date of purchase
Accidental Insurance Coverage:
– Personal Accidental Insurance Coverage of up to 2.00 lacs for the main cardholder.
– Additional coverage of 10,00,000/- for the main cardholder with a premium of 53.10/- (including GST) to be borne by the cardholder. *Terms and conditions apply.
- Lost Card Insurance: 1,50,000/-
- Cash Advance Limit: 30% of the sanctioned limit
- Add-on Card Charges: 300/-
- Lost Card Charges: Nil
- Lost Card Replacement Charges: 149/-
- Charge Slip Request Charges: 200/-
- Transaction Charges at Railways: 1.5% + IRCTC Charges
- Surcharge on Fuel Purchase: 1% of fuel purchase transaction, reimbursed up to a maximum amount of 100/- per card per month.
- Foreign Currency Markup: 3%
- Temporary Enhancement Charges per Occasion: 200/-
- Hot Listing Charges: 200/-
- Cash Withdrawal Charges – Union Bank of India ATMs: 3% on the amount withdrawn or 200/-, whichever is higher
- Cash Withdrawal Charges – Other Bank ATMs: 50/- in addition to 3% on the amount withdrawn or 200/-, whichever is higher
- Balance Enquiry in Union Bank of India ATMs: Nil
- Balance Enquiry in Other Bank ATMs: 20/-
- Interest on Cash Advance Charges: 2.5% per month
- Service Charge on Revolving Credit Facility if MPD is Paid Within Due Date:
– 2.5% p.m or 34.49% Annualized percentage rate - Service Charge on Revolving Credit Facility if MPD is Not Paid Within Due Date:
– 2.95% p.m or 41.75% Annualized percentage rate - Over Limit Charges: 2.5% of the over limit amount, minimum 250/-
- Duplicate Statement for >3 Months: 50/- per statement
- Duplicate Physical PIN Mailer: 50/- per occasion
- EMI Facility: EMI facility can be availed for 3/6/9/12 months, except for gold purchase, cash withdrawals, and fuel transactions.
- Processing Fee: 2%, minimum 200/- and maximum 1000/-
- Rate of Interest: 16% per annum on reducing balances
- Pre-closure Fee: 2% of the outstanding amount under EMI that is still not due
Late Payment Charges:
- Outstanding up to 25,000/-: 200/-
- Above 25,000/-: 500/-
Please note that the above charges are exclusive of taxes and subject to change as per the bank’s discretion from time to time without any prior notice.
Eligibility:
• Credit cards are primarily issued to customers and selectively to non-customers.
• The primary cardholder should be between 18 and 60 years of age for salaried individuals, and 18 and 70 years of age for professionals.
• Add-on cardholders should be 18 years and above.
• The minimum income eligibility is 2.5 lakh per annum.
• For business class, 2 years of income tax returns with computation sheets are required.
• For salaried class, Form 16/ITRs with the latest salary slip are required.
• Cards can also be issued against a lien on a fixed deposit with a 25% margin without the need for income proof or scoring model.
The above eligibility criteria are provided as an indication. The bank reserves the right to approve or decline credit card applications.
Documents to be submitted along with the application:
• Completed application form for the credit card with all necessary information.
• Two passport-size color photographs.
• Latest income tax returns for the past 2 years/Form 16/salary slip.
• Proof of address, ID proof, and PAN copy as per KYC norms.
FAQs:
1. How can I manage my credit card payments?
– You can manage your credit card payments by choosing to pay the total outstanding amount, minimum amount due, or any other amount higher than the minimum amount due. The interest-free credit period allows you to make payments within 21 to 50 days from the date of purchase.
2. Is there any reimbursement for fuel surcharge?
– Yes, you can enjoy fuel surcharge reimbursement at a rate of 1% of the amount spent on fuel purchases, subject to a maximum of 100/- per card per month.
3. What insurance coverage is provided with the credit card?
– The credit card offers accidental insurance coverage of up to 2.00 lakh in case of loss of life or permanent disability due to an accident.
4. Are there any additional services provided?
– Yes, you can benefit from 24/7 concierge services provided by RuPay through their toll-free number. These services are designed to help you save valuable time and are subject to change as per RuPay’s discretion.
5. Where can I use my credit card?
– The credit card is widely accepted at over 39.3 million merchants and 1.88 million ATMs spread across India and abroad.
Conclusion:
The Union Bank of India RuPay Platinum Credit Card offers a range of features and benefits to enhance your lifestyle and provide you with security and convenience. With an interest-free credit period, fuel surcharge reimbursement, insurance coverage, wider acceptance, and add-on card options, this credit card is designed to cater to your needs. Additionally, the card is equipped with EMV chip and PIN technology for enhanced security. It’s important to review the fees and charges associated with the card and ensure that you meet the eligibility criteria before applying. Overall, the Union Bank of India RuPay Platinum Credit Card offers a comprehensive solution for your financial needs.
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