Santa Claus comes around just once a year. In the meantime, there are Credit Cards.
  • UCO Bank Credit Card

    UCO Bank Credit Cards, unlike the regular credit cards, are offered to micro, small, and medium enterprises (MSMEs) as loans. The main objective of the credit schemes is to provide adequate and timely support to select sectors of small and medium industries for their working capital requirements.

    List of UCO Bank Credit Cards

    Card Variant Joining Fee
    UCO Bank SBI Card Elite Rs.4,999
    UCO Bank SBI Card Prime Rs.2,999
    UCO Bank SimplySave SBI Card Rs.499
    More

    Why Choose UCO Bank Credit Cards?

    UCO Bank offers 3 variants of credit cards, each carefully designed, to meet its specific requirements. UCO Bank credit cards come with a bouquet of benefits that will empower you to avail instant finance for your business. Also, UCO Bank cards are offered to a wide range of customers from fishermen to urban borrowers. UCO credit loans require minimal documentation and less security.

    Features and Benefits of UCO Bank Credit Cards:

    Multi-purpose Credit Cards UCO Bank Credit Cards are offered to a wide class of customers from the SME sector including artisans, handloom weavers, fishermen, self-help groups, auto rickshaw owners and also to customers from urban areas.
    High Loan Quantum With UCO Bank Credit Cards, customers will be able to avail up to Rs.10 lakhs as credit. This offers more financial flexibility, especially to customers from tiny industries sector.
    Minimal Security Requirements The documentation requirements and security requirements are minimal when it comes to UCO Bank Credit Card loans. For majority of the UCO Bank Credit Card loans, there is no requirement of collateral or third party security.
    Competitive Interest rates The interest rates for UCO Credit loans are very affordable and borrowers need not have to worry about the burdens of interest payments. The interest rates for UCO Bank Credit Card loans are as low as base rate + 1% per annum.
    Loan Types UCO Bank Credit Card holders can avail cash credit or term loans as per their capital needs.
    Flexible Repayment Terms If you are worried about having the EMI, fret not, UCO Credit card loans come with flexible repayment options. Customers can choose a convenient repayment period and pay the loan back in affordable instalments.
    Loan Purpose The loans procured using UCO credit cards can be used for working capital like procurement of raw material and also for block capital.
    Insurance Coverage UCO Bank Artisans Credit cardholders registered with the Development Commissioner for Handicrafts will be eligible for insurance coverage.
    CGTMSE Advantage Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) coverage for Weavers credit card means that the cardholder can avail loans without having to offer any form of collateral security.

    UCO Bank Credit Card Charges and Interest:

    Charge UCO Bank SBI Card Elite UCO Bank SBI Card Prime UCO Bank SimplySave SBI Card
    Entry fee Rs.4,999 Rs.2,999 Rs.499
    Annual Fee Rs.4,999 Rs.2,999 Rs.499
    Renewal fee Rs.4,999 Rs.2,999 Rs.499
    Add on cards NIL NIL NIL

    UCO Bank Credit Cards Rewards Programme:

    UCO Bank SBI Card Elite

    • Earn 2 Reward Points per Rs 100 on all other spends, except fuel.
    • Get 5X Reward Points on Departmental Stores, Dining, and Grocery spends.
    • Pay your card outstanding with Reward Points.
    • 4 Reward Points = Re.1.

    UCO Bank SBI Card Prime

    • 15 Reward Points per Rs 100 spent on BigBasket.
    • 20 Reward Points per Rs 100 spent on birthday & standing instructions on utility bill payments.
    • 2 Reward Points per Rs 100 on all other spends.
    • 10 Reward Points per Rs 100 spent on Departmental Stores, Dining, Groceries & Movies.
    • 4 Reward Points = Re.1.

    UCO Bank SimplySave SBI Card

    • Earn 1 Reward Point per Rs.100 spent on all your other spends.
    • Enjoy 10 Reward Points per Rs.100 spent on Dining, Movies, Departmental Stores and Grocery spends.
    • 4 Reward Points = Re.1

    UCO Bank Credit Card Documents Required:

    Income proof (For self-employed)
    • Recent ITR (Income Tax Returns)
    Address proof (any one)
    • Passport
    • Telephone bill
    • Aadhaar card
    • Electricity bill
    • Rental agreement
    • Ration card
    Income proof (For salaried)
    • Recent salary slip/s
    • Salary certificate
    • Employment letter
    Proof of Identity (any one)
    • Voter's ID card
    • Ration Card
    • PAN Card
    • Passport
    • Driving license
    • Aadhaar card

    FAQs for UCO Bank Credit Cards

    1. How do I apply for UCO Credit Cards?

      You just have to visit the nearest UCO Bank Branch and choose the desired credit card to initiate the application process. Fill in the application form and submit the necessary documents to apply for UCO Bank Credit Cards.

    2. What do I have to offer as security for UCO Bank Credit Card loans?

      As primary security, hypothecation of machinery, receivables, stock in trade, and office equipment for existing limits is prescribed. Select UCO Credit Cards loans do not require collateral security. However, if collateral security is required, it would be the retention of existing securities.

    3. What is CGTMSE and how will it benefit UCO Bank credit card customers?

      CGTMSE is a facility introduced by the Government of India to enhance credit flow and credit delivery to the MSME sector. It will enable small and micro-enterprise sectors to get bank credit without the difficulties of securing third-party guarantee and collateral. The accounts of select UCO Bank credit cards are covered under the CGTMSE scheme and customers will be able to get credit without having to provide any security.

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    UCO Bank Credit Cards Reviews

    • UCO
      "Good card to use"
      0.5 4.0/5 "Great!"
      I am using UCO bank credit card from last 5 years, the credit card services provided by UCO bank is comparatively good. They did not charge any annual fees at the time of getting this credit card. Offers like cash back and reward points are good in this credit card. I use this card for shopping and the credit limit is fine for me.
      Was this review helpful? 32
      , bhadrak
      Reviewed on Nov 07, 2017
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