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Features of the Union Bank Platinum Credit Card

  • Overview of the Card’s Core Attributes: The Union Bank Platinum Credit Card, offered by Union Bank of India, is designed to cater to individuals seeking a balance of affordability, convenience, and premium benefits. Available on the RuPay network, it focuses on cost-effectiveness and practical perks, making it suitable for salaried and self-employed individuals with moderate financial needs.
  • No Annual or Joining Fees: The card does not charge any annual or joining fees, making it accessible for budget-conscious users. This feature allows cardholders to enjoy credit card benefits without the worry of recurring charges, maximizing financial value.
  • Reward Points on Every Transaction: The card offers a straightforward reward program, allowing users to earn 2 reward points for every ₹100 spent on eligible transactions. These points can be accumulated across various categories, including shopping, dining, groceries, and online purchases. The reward points are valid for three years from the date of accumulation, giving cardholders ample time to redeem them for exciting rewards such as merchandise, gift vouchers, or statement credits. This feature adds value to every purchase, making the card a practical tool for regular spending.
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    • Fuel Surcharge Waiver: For those who frequently refuel their vehicles, the Union Bank Platinum Credit Card provides a 1% fuel surcharge waiver on transactions at petrol stations across India. Cardholders can enjoy a maximum waiver of up to ₹75 per month, which translates to significant savings over time. This feature is particularly beneficial for commuters and frequent travelers who rely on personal vehicles, as it reduces the overall cost of fuel expenses.
    • Interest-Free Credit Period: The card offers an interest-free credit period ranging from 21 to 50 days, depending on the billing cycle and transaction date. This feature allows cardholders to make purchases and defer payments without incurring interest, provided the outstanding balance is paid in full by the due date. This flexibility is ideal for managing short-term expenses, such as utility bills or planned purchases, without the immediate financial strain of repayment.
    • Comprehensive Insurance Coverage: The Union Bank Platinum Credit Card includes robust insurance benefits to provide peace of mind. Cardholders are covered with an accidental air death insurance of up to ₹8 lakh and other accidental death insurance of up to ₹5 lakh. Additionally, the card offers a lost card liability cover of up to ₹1.5 lakh, protecting users from financial losses due to card theft or misuse. These insurance features enhance the card’s appeal by offering security in unforeseen circumstances.
    • EMI Conversion for Large Purchases: To make big-ticket purchases more manageable, the card provides an EMI conversion facility with flexible tenures of 3, 6, 9, 12, 18, or 24 months. This feature is ideal for purchasing high-value items like electronics, furniture, or travel packages, allowing cardholders to spread the cost over time without straining their monthly budget. Note that a 2% charge may apply for pre-closure of EMI amounts, so cardholders should plan their repayments accordingly.
    • Enhanced Security Features: Security is a priority with the Union Bank Platinum Credit Card. It is equipped with EMV chip and PIN technology, which ensures secure transactions at point-of-sale (POS) terminals and online platforms. The card also supports 3FA (three-factor authentication) for online transactions in India, adding an extra layer of protection. Additionally, cardholders receive SMS alerts for all transactions, enabling real-time monitoring and quick detection of unauthorized activity.
    • Aadhaar-Enabled and Personalized Card: The card is Aadhaar-enabled, allowing seamless integration with government services and digital platforms that require Aadhaar authentication. Cardholders can also personalize their card, adding a unique touch to their financial tool. This feature enhances user engagement and makes the card a more personalized part of their financial journey.
    • Wide Acceptance on RuPay Network: As a RuPay card, the Union Bank Platinum Credit Card is widely accepted across India at POS terminals, ATMs, and e-commerce platforms. The RuPay network’s extensive reach ensures that cardholders can use their card for a variety of transactions, from in-store purchases to online shopping, without compatibility issues.
    • Cashback on Specific Transactions: The card offers targeted cashback benefits, including up to ₹50 per month on utility bill payments, mobile wallet recharges, and IRCTC bookings (with a minimum transaction of ₹300 for IRCTC). These cashback offers are designed to reward cardholders for routine expenses, making the card a practical choice for everyday financial management.
    • Flexible Credit Limit: The credit limit on the Union Bank Platinum Credit Card is determined based on the cardholder’s income and financial profile, with the potential to reach up to 20% of their gross annual income. This flexibility ensures that the card caters to a wide range of users, from those with moderate incomes to high-net-worth individuals, providing sufficient credit for their needs.
    • Contactless Payment Support: The card supports contactless payments, allowing cardholders to make quick and secure transactions by simply tapping their card at compatible terminals. This feature is convenient for small, everyday purchases, reducing the need to carry cash or enter a PIN for low-value transactions.
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Benefits of the Union Bank Platinum Credit Card

  • Cost-Effective Financial Management: The absence of annual and joining fees makes the Union Bank Platinum Credit Card a cost-effective option for individuals seeking value without compromising on benefits. This allows cardholders to enjoy premium perks without worrying about recurring costs, ensuring that every rupee spent contributes to rewards or savings.
  • Rewarding Everyday Spending: The card’s reward program offers 2 reward points per ₹100 spent on a wide range of transactions. Whether shopping for groceries, dining out, or booking travel, cardholders earn points redeemable for various rewards. The three-year validity of reward points provides flexibility to save up for high-value redemptions.
  • Savings on Fuel Expenses: The 1% fuel surcharge waiver, capped at ₹75 per month, is a practical benefit for cardholders who frequently refuel their vehicles. This feature leads to substantial savings over time, especially for daily commuters or long-distance travelers with high fuel consumption.
    • Financial Flexibility with Interest-Free Period: The interest-free credit period of 21 to 50 days provides cardholders with the flexibility to manage their cash flow effectively.
    • Comprehensive Protection: The card’s insurance benefits include ₹8 lakh coverage for accidental air death, ₹5 lakh for other accidental deaths, and ₹1.5 lakh for lost card liability, offering significant peace of mind
    • Convenient EMI Options: The EMI conversion facility allows cardholders to spread the cost of high-value purchases over 3 to 24 months, facilitating easier financial management without compromising lifestyle.
    • Enhanced Transaction Security: With EMV chip and PIN technology, 3-factor authentication (3FA), and SMS alerts, the card ensures secure and transparent transactions, helping prevent fraud in today’s digital payment environment.
    • Targeted Cashback Offers: Cashback on utility bills, mobile wallet recharges, and IRCTC bookings provide additional savings on common expenses, helping cardholders maximize returns on everyday spending.
    • Aadhaar Integration for Convenience: Aadhaar-enabled features simplify interactions with government services and digital platforms.
    • Wide Acceptance and Contactless Convenience: Compatibility with the RuPay network allows acceptance at millions of merchants and ATMs across India.
    • Personalized Card Experience: Cardholders can personalize their credit card design, adding a unique touch that reflects their individuality beyond just a financial tool.
    • Accessible Credit Limit: The flexible credit limit can extend up to 20% of the cardholder’s gross annual income, accommodating a broad range of financial needs and lifestyles.
    • Annual Fee Waiver Opportunity: The card has no joining or annual fees, and the renewal fee of ₹299 can be waived by spending ₹30,000 in the previous year, promoting active usage while keeping costs low.
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How to Apply for the Union Bank Platinum Credit Card

  • Visit a Union Bank Branch:
    • Locate and visit the nearest Union Bank of India branch.
    • Carry all necessary documents for smooth processing.
  • Obtain the Application Form:
    • Request the Union Bank Platinum Credit Card application form at the branch.
    • Alternatively, download the form from the official Union Bank website but submission must be in person.
  • Fill Out the Application Form:
    • Provide accurate personal, employment, income, and contact details.
    • Specify the card variant as Union Bank Platinum Credit Card to avoid confusion.
    • Double-check for errors to prevent delays.
  • Submit Required Documents:
    • Attach self-attested photocopies of identity proof, address proof, and income proof.
    • Ensure documents are clear and legible.
  • Verification and Approval:
    • Bank reviews your application within 7-10 working days.
    • You may receive calls for additional verification or information.
    • Upon approval, the card is dispatched to your registered address.
  • Track Application Status:
    • Contact Union Bank customer care at 8885545255.
    • Visit the branch where you applied to inquire.
    • Note: Online application tracking is currently unavailable.
  • Tips for a Successful Application:
    • Prepare all documents before visiting the branch.
    • Consult bank officials if you have any questions during the process.
    • Follow up if you do not receive any communication within 10 days.
  • Benefits Reminder:
    • Enjoy cashback on utility bills and fuel surcharge waiver up to ₹75 per month upon card activation.

Eligibility Criteria for the Union Bank Platinum Credit Card

  • Age Requirements:
    • Primary Cardholder: Must be between 21 and 70 years of age.
    • Add-On Cardholder: Must be at least 18 years old.
  • Income Requirements:
    • Minimum annual income of ₹2.5 lakh required for both salaried and self-employed applicants.
    • Credit limit can be up to 20% of the applicant’s gross annual income.
  • Employment Status:
    • Salaried Individuals: Should have a stable job with at least 1 year of continuous employment.
    • Self-Employed Individuals: Must provide proof of stable business through ITRs or financial statements.
  • Nationality and Residency:
    • Applicants must be residents of India.
    • NRIs may have different eligibility criteria; they should contact Union Bank customer care for details.
  • Credit Score:
    • Preferred minimum credit score of 700 for approval.
    • Lower scores or history of defaults may reduce chances of approval.
  • Default History:
    • No history of payment defaults or loan defaults with Union Bank or other financial institutions.
  • Additional Considerations:
    • Bank may verify credit utilization ratio, debt-to-income ratio, and other financial behaviors.
    • Internal policies of the bank may affect final eligibility and credit limit decisions.
  • Document Verification:
    • Applicants must submit valid KYC documents such as Aadhaar, PAN card, and proof of income.
    • Self-attested photocopies of documents are typically accepted.
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Documents Required for the Union Bank Platinum Credit Card

  • Identity Proof:
    • Self-attested copy of Aadhaar card (mandatory)
    • PAN card or Form-60 (for tax compliance)
    • Other valid proofs: Passport, Voter ID, Driving License
  • Address Proof:
    • Aadhaar card (serves both as ID and address proof)
    • Passport, Voter ID, or Ration Card
    • Recent utility bill (electricity, water, or gas) not older than 3 months
  • Income Proof for Salaried Individuals:
    • Last 3 months’ salary slips
    • Bank statement showing salary credits for the last 3–6 months
    • Form 16 or latest Income Tax Return (ITR)
  • Income Proof for Self-Employed Individuals:
    • ITR for the last 2 years with computation sheets
    • Business financials (profit and loss statement, balance sheet)
    • Bank statement for the past 6 months
  • PAN Card or Form-60:
    • Mandatory for financial verification and regulatory compliance
  • Passport-Size Photographs:
    • Two recent photographs to be affixed with the application form
  • Filled Application Form:
    • Downloadable from the Union Bank website or available at branches
    • Must be completely filled and signed
  • Existing Credit Card Details (if applicable):
    • Photocopy of the front side of an existing credit card
    • Latest credit card statement for utilization analysis
  • Document Submission Tips:
    • Self-attest all photocopies to validate authenticity
    • Organize documents as per bank requirements for faster processing
    • Confirm any additional requirements directly with your local branch

Factors Affecting Eligibility for the Union Bank Platinum Credit Card

  • Income Stability: A stable and sufficient income is a key factor. The Union Bank Platinum Credit Card typically requires a minimum annual income of ₹2.5 lakh. Proof through salary slips or ITR helps assure the bank of repayment capacity.
  • Credit Score: A credit score of 700 or above demonstrates responsible financial behavior and significantly boosts approval chances. A poor score or history of defaults may lead to rejection.
  • Debt-to-Income Ratio (DTI): A low DTI (preferably under 40%) indicates a healthy balance between income and existing liabilities. High DTI may signal over-leverage and affect eligibility.
  • Credit Utilization Ratio: Keeping your usage below 30% of the available credit limit on current credit cards shows good financial discipline and enhances approval prospects.
  • Age Compliance: Applicants should be aged between 21 and 70 years. This range aligns with Union Bank's risk assessment norms for primary cardholders.
  • Employment History: A steady employment record is favorable, especially for salaried individuals. Frequent job changes or unstable work history may raise red flags.
  • Payment History: Consistent, on-time repayment of loans and credit card dues builds a positive credit profile. Past defaults or missed payments can reduce approval chances.
  • Economic Conditions: Broader economic factors such as interest rate trends and economic slowdowns may impact Union Bank's approval policies temporarily.
  • Bank’s Internal Policies: Union Bank may apply internal risk models and underwriting guidelines beyond standard eligibility, which may vary over time.
  • Tips to Improve Eligibility: Boost your credit score, pay down existing debt to lower DTI, maintain low credit utilization, and avoid submitting multiple credit applications in a short period.
  • Existing Relationship with Union Bank: Holding a savings or current account with Union Bank and maintaining a healthy transaction record can improve trust and approval likelihood.
  • Type of Employment: Applicants working in government sectors, PSUs, or reputed private organizations may be viewed more favorably due to stable income sources.

Frequently Asked Questions (FAQs) – Union Bank Platinum Credit Card

1. What are the key features of the Union Bank Platinum Credit Card?
- Higher credit limits
- Reward points on spending
- Complimentary airport lounge access
- Travel and dining discounts
- Insurance covers (e.g., travel, purchase protection)
2. What is the interest rate on this card?
Typically ranges between 3% – 3.5% per month (varies based on the bank’s policy).
3. Is there an annual fee?
Yes, but it may be waived under certain conditions (e.g., spending milestones).
4. How can I earn reward points?
Points are earned on every spend (e.g., 1 point per ₹100 spent). Some categories may offer accelerated rewards.
5. Does the card offer airport lounge access?
Yes, usually complimentary access to domestic and international lounges (limited visits per year).
6. What are the eligibility criteria?
- Minimum income requirement (e.g., ₹6–8 lakhs per annum)
- Good credit score (750+)
- Salaried or self-employed professionals
7. How can I redeem reward points?
Via the Union Bank rewards portal for flights, vouchers, merchandise, or cashback.
8. Does the card offer EMI conversion?
Yes, eligible purchases can be converted into EMIs at competitive rates.
9. What insurance benefits are included?
- Air accident cover
- Lost baggage insurance
- Fraud liability protection
10. How do I apply for the Union Bank Platinum Credit Card?
- Online via Union Bank’s website
- Through branch visits
- Pre-approved offers for existing customers

List of Union Bank Platinum Credit Card Branches in Tamil Nadu

  • Chennai - George Town
  • Chennai - Egmore
  • Chennai - Anna Salai
  • Chennai - T Nagar
  • Chennai - Adyar
  • Chennai - Mylapore
  • Chennai - Nungambakkam
  • Chennai - Tambaram
  • Chennai - Velachery
  • Chennai - Ambattur Industrial Estate
  • Chennai - Royapettah
  • Chennai - Besant Nagar
  • Chennai - Chromepet
  • Chennai - Guindy
  • Chennai - Vadapalani
  • Chennai - Perambur
  • Chennai - Ashok Nagar
  • Chennai - K K Nagar
  • Chennai - Anna Nagar