With the Union Bank VISA Platinum Credit Card, you get discounts and cashback every time you use the credit card to make purchases at merchant outlets. The annual fee of the card is Rs.399.
Discount and cashback benefits:
|Type of charge||Fee|
|Annual fee for add-on credit cards||Rs.299|
|Fee to get an add-on credit card||Rs.300|
|Roll-over facility fee||5%|
|Interest-free period||21 to 50 days|
|Cash advance limit||30% of the limit that has been sanctioned by the bank|
|Lost card charges||NIL|
|Replacement of lost credit card||Rs.249|
|Transactions fee at railways||1.5% + IRCTC charges|
|Foreign currency mark-up fee||3%|
|Temporary enhancement fee||Rs.200 per occasion|
|Fee for hotlisting a credit card||Rs.200|
|Withdrawal of cash from Union Bank of India ATMs||3% of the amount you withdraw or Rs.200 (whichever is higher)|
|Withdrawal of cash from other banks' ATMs||3% of the amount you withdraw or Rs.200 (whichever is higher) + Rs.50|
|Balance enquiry at Union Bank of India ATMs||NIL|
|Balance Enquiry at ATMs of other banks||Rs.20|
|Interest payable on cash advances||2.5% every month|
|Service charge on revolving credit facility (if your Minimum Payment Due (MPD) has been paid by the due date)||2.5% per month or 34.49% (Annualised Percentage Rate)|
|Service charge on revolving credit facility (if your Minimum Payment Due-MPD has not been paid by the due date)||2.95% per month or 41.75% (Annualised Percentage Rate)|
|Overlimit fee||2.5% of the overlimit amount, subject to a minimum of Rs.250|
|Duplicate statement (over 3 months)||Rs.50 per statement|
|Duplicate physical PIN mailer||Rs.50 per occasion|
|Processing fee||2% subject to a minimum of Rs.200 and a maximum amount of Rs.1,000|
|Interest||16% per year (reducing balance method)|
|Late payment fee||
The over limit fee is 2.5% of the overlimit amount, subject to a minimum of Rs.250.
Your minimum income should be Rs.2.5 lakh per year.
The interest-free period for the credit card is 21 to 50 days.
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