Card Image
Union Bank Secured Credit Card
Annual Fee
₹200
Rewards/₹100 ⓘ
₹0.20
Normalized to balance base rate with bonus categories
Interest Rate
30.00%
At a Glance
Key Benefits
FD-backed card, build credit history, no income/credit score requirement
Lounge Access
No lounge access
Eligibility
Age: 18-70 years, Fixed Deposit with Union Bank required, No credit score needed
Quick Details
Annual Fee
₹200
#62
Joining Fee
₹200
#68
Interest Rate
30.00% p.a.
#26
Forex Markup
3.50%
#75
Rewards/₹100
₹0.20
#291
Reward Type Reward Points
Reward Currency Points
0 Min Monthly Income ₹NaN
Network VISA
Late Payment Fee ₹300
Cash Advance Fee 2.50% (min ₹500)
Reward Structure
Base
All Spends
₹0.20 /₹100
Reward Calculator
₹
Allocate by Category 100%
Your Rewards
Points Earned 0
Cash Value ₹0
Breakdown
Quick amounts:
Insurance Coverage
Lost Card
₹25,000
Basic lost card protection
Lifestyle Perks
Fuel
1 /month
1% fuel surcharge waiver
Quick Analysis
Union Bank Secured Credit Card is ideal for those with no credit history or poor credit who want to build/rebuild their credit score using a fixed deposit as collateral.
Pros
- No income proof required (FD-backed)
- Ideal for building credit history
- Very low annual fee of Rs.200
- No minimum credit score required
- Lower interest rate than regular cards
- Credit limit based on FD amount
Cons
- Requires fixed deposit as security
- Limited credit limit (80-90% of FD)
- Very basic rewards
- FD locked until card closure
- No lounge access
Best For
Credit builders, no credit history, poor credit score
Not Ideal For
Those with good credit, premium seekers
Frequently Asked Questions
How does a secured credit card work?
You need to place a fixed deposit with Union Bank. Your credit limit is 80-90% of the FD amount. The FD remains locked as security.
What FD amount is required?
Minimum FD of Rs.25,000 to Rs.50,000 is typically required. Your credit limit will be proportional to FD.
User Reviews
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