Benefits of the Union Bank Visa Signature Credit Card

• Enhanced Financial Flexibility: The Union Bank Visa Signature Credit Card empowers users with significant financial flexibility through its high credit limit and interest-free credit period of up to 50 days. This allows cardholders to make substantial purchases, manage cash flow, or handle emergencies without immediate financial strain, provided payments are made on time.
• Rewarding Everyday Spending: Through the Union Rewardz program, cardholders earn substantial reward points on daily transactions. For instance, spending ₹100 on dining or shopping yields 4 reward points, equivalent to ₹1 in value, which can be redeemed for gift vouchers, travel benefits, or merchandise. This makes routine expenses like grocery shopping or dining out more rewarding.
• Travel Perks and Comfort: The complimentary lounge access (two domestic visits per quarter and two international visits annually) elevates the travel experience. Cardholders can unwind in premium airport lounges, enjoying amenities like gourmet food, beverages, and business facilities, making long layovers or frequent travel more enjoyable.

How to Apply for the Union Bank Visa Signature Credit Card

• Eligibility Criteria:
  • Primary cardholder must be aged between 21 and 70 years.
  • Income evaluated based on salary slip, ITR, or Form 16 (salaried) / ITR (self-employed).
• Required Documents:
  • Identity Proof: PAN card, Voter ID, Driving License, or Passport.
  • Address Proof: Passport, Voter ID, Ration Card, or Driving License.
  • Income Proof: Latest salary slip, Form 16, or ITR (for salaried); Last year’s ITR (for self-employed).
  • Fixed Deposit Applications: Proof of FD and related documents.
• Online Application Process:
  • Visit: www.unionbankofindia.co.in → Credit Cards section.
  • Select “Visa Signature Credit Card” → Click “Apply Now”.
  • Fill out the form with personal, professional, and financial details.
  • Upload scanned KYC and income documents → Submit.
  • Authenticate using OTP sent to registered mobile number.
• Offline Application Process:
  • Visit the nearest Union Bank of India branch.
  • Request and complete the Visa Signature Credit Card application form.
  • Attach required documents (identity, address, income proof).
  • Submit to branch official for further processing.
• Application Review and Approval:
  • Bank reviews application and credit score, income, and documents.
  • For FD-based applications, deposit verification is done.
  • Approval typically within 7–14 working days.
• Receiving the Credit Card:
  • Card is dispatched to registered address with welcome kit.
  • Activate via ATM (Green PIN) or Union Bank mobile app using OTP.
• Post-Application Support:
  • Contact 24/7 Customer Care: 1800 425 1515 for help with activation or queries.
  • Use Union Bank mobile app/net banking to manage card.
• Tips for a Successful Application:
  • Ensure all documents are current and valid.
  • Maintain good credit score and low credit utilization.
  • For FD route, ensure minimum deposit requirement is met.
• Managing Application Status:
  • Track status via bank website using reference number or call customer care.
  • SMS/email updates may be sent during processing.
• Handling Rejections:
  • Bank will inform rejection reasons (e.g., low income, incomplete documents).
  • You can reapply after resolving the issues or use FD-based application.
• Special Considerations for NRIs:
  • NRIs can apply via the dedicated NRI helpline: 8885545255.
  • Additional documents like passport, visa, and income/fixed deposit proof are required.

Eligibility Criteria for the Union Bank of Signature Credit Card

• Age Requirements:
  • Primary Cardholder: Must be between 21 and 70 years of age to ensure financial maturity and repayment capacity.
  • Add-On Cardholder: Minimum age should be 18 years for supplementary cards.
• Income Requirements:
  • Salaried Individuals: Minimum annual income of ₹5 lakh required as per Union Bank guidelines.
  • Self-Employed Applicants: Should support application with 2 years of ITRs and financial documents reflecting ₹5 lakh or more in annual income.
  • Credit limit generally set at 20% of the income shown in ITR or salary documents.
• Employment Status:
  • Salaried: Minimum of 1 year continuous employment with current employer preferred.
  • Self-Employed: Must submit ITRs and computation for 2 years; consistent business income is required.
• Nationality and Residency:
  • Primarily offered to resident Indians with a valid local address proof.
  • NRIs may apply, but need to submit passport, visa, and income proof as per bank requirements.
• Credit Score and History:
  • Preferred minimum credit score: 700 from CIBIL/Experian/Equifax.
  • Applicants with poor or no credit history may be offered a secured version against fixed deposits.
• Secured Credit Card Option:
  • Signature Credit Card available against a fixed deposit with a 25% margin if income or credit score criteria are not met.
  • Helps new or low-credit users build their credit profile.
• Existing Relationship with Union Bank:
  • Customers with savings/current accounts may get preferential approval due to established history.
• Additional Considerations:
  • Bank assesses credit utilization, debt-to-income ratio, and financial stability.
  • Final approval depends on internal underwriting policies and discretion of Union Bank.
• Required Documentation:
  • Valid Aadhaar, PAN, income proof (salary slip/ITR), and passport-sized photographs.
  • Self-attested copies are acceptable for both online and offline submissions.
• KYC Compliance:
  • Applicants must comply with full KYC norms including biometric verification, where required.
• Contact Information Validity:
  • Valid and active mobile number and email ID are mandatory for communication and OTP verification.
• Clean Repayment Record:
  • Applicants with no recent loan defaults or overdue credit card payments have higher approval chances.