VISA Platinum
Annual Fee
₹399
Rewards/₹100 ⓘ
₹0.50
Interest Rate
30.00%
Credit Score
700+
At a Glance
Key Benefits
2 points/Rs.100, 1% fuel waiver (Rs.100/month), Rs.50 cashback on utilities, Rs.2L insurance, 50 days interest-free
Lounge Access
No complimentary lounge access available
Eligibility
Age: 18-60 years, Min Income: Rs.2.5L/year, Credit Score: 700+, Indian resident
Quick Details
Reward Structure
All Spends
Reward Calculator
Milestone Benefits
Annual fee of Rs.399 waived on spending Rs.50,000 in the previous year
Spend ₹50,000 within 365 days
value
Additional 1000 reward points on reaching Rs.1,50,000 annual spend
Spend ₹1,50,000 within 365 days
value
Additional 1500 reward points on reaching Rs.2,00,000 annual spend
Spend ₹2,00,000 within 365 days
value
Additional 2000 reward points on reaching Rs.2,50,000 annual spend
Spend ₹2,50,000 within 365 days
value
Airport Lounge Access
visits per year
No complimentary lounge access available
Insurance Coverage
Air Accident
₹2,00,000
Personal accident insurance coverage up to Rs.2 lakh in case of death or permanent disability due to accident
Lost Card
₹1,50,000
Insurance coverage up to Rs.1.5 lakh for unauthorized transactions on lost or stolen card
Lifestyle Perks
Fuel
12 /year
1% fuel surcharge waiver at petrol stations across India, up to Rs.100 per month (Rs.1,200/year)
Cashback
12 /year
Cashback of Rs.50 per month on utility bill payments (electricity, water, gas)
Cashback
12 /year
Cashback of Rs.25 on IRCTC bookings (minimum transaction Rs.300)
Cashback
12 /year
Cashback of Rs.50 on mobile wallet recharges (minimum transaction Rs.500)
Other
1
Cashback and discounts at partner restaurants and merchant outlets
Other
1
EMI conversion options of 3, 6, 9, or 12 months on eligible purchases
Quick Analysis
The Union Bank VISA Platinum is a no-frills entry-level credit card suitable for those seeking basic rewards and fuel benefits without annual fee burden (easily waivable). While it lacks premium perks like lounge access or high reward rates, it serves well for everyday spends with straightforward cashback, fuel savings, and essential insurance coverage.
Pros
- No joining fee (only Rs.399 annual fee)
- Annual fee waived on Rs.50K annual spend
- 2 reward points per Rs.100 spent
- 1% fuel surcharge waiver (save up to Rs.100/month)
- Personal accident insurance up to Rs.2 lakhs
- Lost card insurance up to Rs.1.5 lakhs
- Interest-free period up to 50 days
- Cashback on utility bills (Rs.50/month)
- Cashback on IRCTC bookings (Rs.25)
- Flexible EMI options (3/6/9/12 months)
- Wide acceptance - 9 lakh merchants in India, 29 million globally
- 24x7 customer support (1800 425 1515)
Cons
- No complimentary lounge access
- Low reward rate (0.5% effective return)
- Reward points valid for only 3 years
- Minimum 100 points required for redemption
- Limited cashback offers (max Rs.50/month on utilities)
- High interest rate on cash advance (30% p.a.)
- Cash advance fee of 2.5% per transaction
- No milestone rewards or bonus points
- No dedicated lifestyle or dining benefits
- Not ideal for premium lifestyle needs
- Modest insurance coverage vs premium cards
Best For
Entry-level users seeking basic rewards and fuel benefits with low annual fees
Not Ideal For
Premium lifestyle seekers, frequent travelers, or those wanting lounge access
Frequently Asked Questions
What is the joining and annual fee for Union Bank VISA Platinum Credit Card?
How many reward points do I earn per Rs.100 spent?
What is the fuel surcharge waiver benefit?
Does this card offer lounge access?
What insurance coverage is included?
What cashback offers are available?
What is the interest-free period?
What are the eligibility criteria?
How long are reward points valid?
What are the cash advance charges?
User Reviews
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