The Union Bank of India RuPay Platinum Credit Card is a versatile financial tool designed to meet the needs of everyday consumers. With a focus on providing value through a comprehensive rewards program, this card is ideal for individuals seeking an affordable credit card option with added perks. As part of the RuPay network, it offers exclusive benefits on domestic transactions, making it a smart choice for those who frequently spend on shopping, travel, and dining within India. In this review, we’ll explore the features, fees, and extensive benefits of the Union Bank of India RuPay Platinum Credit Card to help you decide if it suits your financial goals.
Overview
| Feature | Details |
|---|---|
| Card Type | Entry-Level to Mid-Tier Credit Card |
| Reward Rate | 1 Reward Point per ₹100 spent |
| Reward Value | Varies based on redemption options |
| Joining Fee | Nil |
| Unique Selling Points | No joining fee, RuPay offers, domestic transaction benefits |
| Rating | ★★★★☆ (4.1/5) |
Union Bank of India RuPay Platinum Credit Card Fees and Charges
| Fee Type | Details |
|---|---|
| Joining Fee | Nil |
| Annual Fee | ₹500 + GST (waived on spending ₹25,000 annually) |
| Finance Charges | 2.5% per month (30% per annum) |
| Foreign Transaction Fee | 3.5% + GST |
| Cash Advance Fee | 2.5% of the amount withdrawn (min ₹300) |
| Late Payment Fee | ₹100 to ₹1,000 depending on the outstanding balance |
| Fuel Surcharge Waiver | 1% on transactions between ₹500 and ₹3,000 |
Union Bank of India RuPay Platinum Credit Card Benefits
Welcome Benefits
- No Joining Fee: The card has no joining fee, making it easily accessible to new users.
- Initial Bonus Points: Earn 500 bonus Reward Points on your first transaction within 30 days of card issuance.
Rewards Program
- Earn Points on Every Spend: Earn 1 Reward Point for every ₹100 spent across various categories, including shopping, dining, and travel.
- Bonus Points on Milestones: Earn additional Reward Points when you reach certain spending milestones, such as ₹50,000 or ₹1 lakh annually.
Domestic Lounge Access
- Airport Lounge Access: Enjoy 2 complimentary domestic airport lounge visits per quarter, providing comfort and convenience while traveling within India.
Fuel Benefits
- Fuel Surcharge Waiver: Receive a 1% fuel surcharge waiver on transactions between ₹500 and ₹3,000, helping you save on your fuel expenses.
Dining Discounts
- Dining Privileges: Get exclusive discounts at partner restaurants across India. The Union Bank of India RuPay Platinum Credit Card offers up to 15% off on dining at select outlets.
Entertainment Offers
- Movie Ticket Discounts: Enjoy discounts on movie tickets purchased through partner platforms, making your entertainment more affordable.
E-Commerce Benefits
- Exclusive Online Offers: Access special offers and discounts on leading e-commerce platforms like Amazon, Flipkart, and Myntra when paying with your Union Bank of India RuPay Platinum Credit Card.
Insurance Cover
- Accidental Death Insurance: Benefit from complimentary personal accident insurance coverage of up to ₹5 lakh, providing financial security for your loved ones.
- Purchase Protection: Get purchase protection for up to 90 days from the date of purchase, covering damage or theft of items bought using your card.
Contactless Payments
- Tap & Pay Feature: The Union Bank of India RuPay Platinum Credit Card supports contactless payments, allowing you to make fast and secure transactions without swiping your card.
Bill Payment Convenience
- Utility Bill Payments: Earn Reward Points on utility bill payments, including electricity, water, and phone bills, when paid using your credit card.
Rewards
| Spending Category | Reward Points Earned |
|---|---|
| All Purchases | 1 Reward Point per ₹100 spent |
| Bonus Points | Earn additional points on achieving spending milestones |
Redemption
Reward Points can be redeemed for a wide range of options, including:
- Gift Vouchers: Redeem points for vouchers from leading brands in shopping, dining, travel, and more.
- Merchandise: Choose from an array of products in the Union Bank rewards catalog.
- Airline Miles: Convert Reward Points into airline miles with select airline partners for discounted travel.
- Statement Credit: Offset your outstanding credit card balance by redeeming points as statement credit.
Gift Vouchers Available
| Category | Brands |
|---|---|
| Shopping | Myntra, Amazon, Pantaloons, Levi’s, Lifestyle, Shoppers Stop, Westside |
| Electronics | Croma |
| OTA | MakeMyTrip, EaseMyTrip |
| Hotels | Oberoi Hotels, Taj Hotels, ITC Hotels |
| Cabs | Uber, Ola |
| Airline | Vistara, IndiGo, SpiceJet |
| Luxury Brands | Neiman Marcus, Gucci, Louis Vuitton |
| Merchandise | Apple, Samsung |
Airport Lounge Access
| Lounge Access | Details |
|---|---|
| Domestic Lounge Access | 2 complimentary visits per quarter |
| International Lounge Access | Not available |
| Annual Limit | 8 visits per year |
Airport Transfers
The Union Bank of India RuPay Platinum Credit Card does not offer complimentary airport transfers, focusing on other domestic travel benefits instead.
Forex Markup Fee
| Feature | Details |
|---|---|
| Forex Markup Fee | 3.5% + GST |
| Reward Rate for International Spends | 1 Reward Point per ₹100 spent |
Eligibility
- Age: 21 to 65 years.
- Income: Minimum annual income of ₹2 lakh.
- Employment: Available to salaried and self-employed individuals.
How to Apply?
Online Application
- Visit the official Union Bank of India website.
- Navigate to the credit card section and select “Union Bank of India RuPay Platinum Credit Card.”
- Complete the application form with personal and financial details.
- Submit the required documents online for verification.
- Await approval and card issuance.
Offline Application
- Visit your nearest Union Bank of India branch.
- Request an application form for the Union Bank of India RuPay Platinum Credit Card.
- Fill out the form with necessary details and submit it along with required documents.
- The bank will process your application and issue the card upon approval.
Union Bank of India RuPay Platinum Credit Card Review
Editor’s Rating
Summary
The Union Bank of India RuPay Platinum Credit Card offers a solid range of benefits for an entry-level to mid-tier card. With no joining fee, low annual charges, and rewards on every spend, it is an excellent choice for those looking to maximize value without a high cost. The card provides various perks, including dining discounts, lounge access, and e-commerce offers, making it suitable for everyday use. However, it lacks some of the premium benefits, such as international lounge access or global concierge services, which may limit its appeal to frequent international travelers. Overall, it’s a practical and cost-effective option for domestic use.
Pros and Cons
| Pros | Cons |
|---|---|
| No joining fee, making it easily accessible | Limited international travel benefits |
| Comprehensive rewards program with 1 Reward Point per ₹100 spent | No complimentary airport transfers |
| Complimentary domestic lounge access (2 visits per quarter) | Relatively high foreign transaction fee at 3.5% + GST |
| Wide range of redemption options including gift vouchers and merchandise | Limited customer service availability compared to premium cards |
Comparison with Similar Cards
| Feature | Union Bank of India RuPay Platinum Credit Card | SBI SimplySAVE Credit Card | HDFC Regalia First Credit Card |
|---|---|---|---|
| Annual Fee | ₹500 + GST (waived on spending ₹25,000 annually) | ₹499 + GST (waived on spending ₹90,000 annually) | ₹1,000 + GST (waived on spending ₹1.5 lakh annually) |
| Reward Rate | 1 Reward Point per ₹100 spent | 1 Reward Point per ₹100 spent | 4 Reward Points per ₹150 spent, 2X on dining and grocery spends |
| Lounge Access | 2 domestic lounge visits per quarter | None | 4 domestic lounge visits per year |
| Milestone Benefits | ₹500 fee waiver at ₹25,000 spend, bonus points at ₹50,000 | Fee waiver at ₹90,000 annual spend | Fee waiver at ₹1.5 lakh annual spend |
| Forex Markup Fee | 3.5% + GST | 3.5% + GST | 2% + GST |
SBI SimplySAVE Credit Card Comparison
The SBI SimplySAVE Credit Card is a strong competitor in the entry-level credit card market. It offers a similar rewards structure, with 1 Reward Point per ₹100 spent, but focuses more on everyday purchases like groceries and movies. The Union Bank of India RuPay Platinum Credit Card, however, provides additional benefits such as lounge access and milestone rewards, making it a more well-rounded choice for users who want more than just basic rewards.
HDFC Regalia First Credit Card Comparison
The HDFC Regalia First Credit Card is positioned as a more premium option compared to the Union Bank of India RuPay Platinum Credit Card. It offers higher rewards, especially in the dining and grocery categories, and includes benefits like international lounge access. However, it comes with a higher annual fee and a more stringent fee waiver requirement. The Union Bank of India card is better suited for those who prefer a lower fee structure with decent rewards and benefits for domestic use.
FAQ
What is the annual fee for the Union Bank of India RuPay Platinum Credit Card?
The annual fee is ₹500 + GST, which is waived if you spend ₹25,000 annually.
How do I earn reward points with this card?
You earn 1 Reward Point for every ₹100 spent across all categories.
Does this card offer airport lounge access?
Yes, the card provides 2 complimentary domestic airport lounge visits per quarter.
Are there milestone rewards available with this card?
Yes, you can earn bonus Reward Points when you reach specific spending milestones, such as ₹50,000 or ₹1 lakh in a year.
Can I use this card internationally?
Yes, the card can be used internationally, but it has a foreign transaction fee of 3.5% + GST. For more details visit RuPay Platinum.
