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VISA Signature

Union Bank of India |
Dining Lifestyle Premium Rewards

Annual Fee

₹1,999

Rewards/₹100 ⓘ

₹1.00

Normalized to balance base rate with bonus categories

Interest Rate

30.00%

Credit Score

750+

At a Glance

Key Benefits

4 points/Rs.100 (1% return), 10% dining discount at 1,200+ restaurants, Rs.30L insurance, VISA concierge

Lounge Access

4 complimentary domestic airport lounge visits per year (1 per quarter)

Eligibility

Age: 18-70 years, Min Income: Rs.10L/year, Credit Score: 750+, Indian resident

Quick Details

Annual Fee
₹1,999 #215
Joining Fee
₹1,999 #216
Interest Rate
30.00% p.a. #26
Forex Markup
3.50% #75
Rewards/₹100
₹1.00 #190
Reward Type Reward Points
Reward Currency Points
Domestic Lounge Visits
4/year #61
Min Credit Score
750+ #186
Min Monthly Income ₹75
Network VISA
Card Replacement Fee 299
Late Payment Fee ₹500
Over Limit Fee 2.50% (min ₹250)
Cash Advance Fee 2.50% (min ₹100)
Card Replacement Fee ₹299
Fee Waiver on Spend ₹2,70,000/yr

Reward Structure

Base

All Spends

₹1.00 /₹100

Reward Calculator

₹
Allocate by Category 100%
Other Spends
4.0 pts
100% ₹0
Your Rewards
Points Earned 0
Cash Value ₹0
Breakdown
Quick amounts:

Milestone Benefits

Milestone

Annual fee of Rs.1,999 waived on spending Rs.2,70,000 in the previous year

Spend ₹2,70,000 within 365 days

₹1,999

value

Airport Lounge Access

Domestic Free
4

visits per year

4 complimentary domestic airport lounge visits per year (1 visit per quarter)

Insurance Coverage

Accident

₹30,00,000

Comprehensive accident insurance coverage up to Rs.30 lakh for cardholders

Air Accident

₹10,00,000

Air accident insurance cover up to Rs.10 lakh for death or permanent disability during air travel

Personal Accident

₹6,00,000

Accidental death insurance coverage up to Rs.6 lakh in case of death or permanent disability

Lifestyle Perks

Dining

10.00% off

10% discount at 1,200+ partnered restaurants across India

Fuel

12 /year

1% fuel surcharge waiver at all petrol stations in India (maximum Rs.100 per month)

Other

1

5-10% discount on car rentals outside India

Concierge

1

Access to VISA International Concierge Services for travel assistance, reservations, and lifestyle support

Cashback

Cashback and discounts on utility bill payments

Other

1

EMI conversion options on eligible purchases

Quick Analysis

The Union Bank VISA Signature is a premium lifestyle card ideal for high spenders seeking enhanced rewards and dining benefits. With 1% return rate, Rs.30L insurance, and lounge access, it suits those who can meet the Rs.2.7L annual spend threshold for fee waiver. However, limited lounge visits and high forex markup make it less attractive for frequent travelers compared to premium travel cards.

Pros

  • High reward rate: 4 points per Rs.100 (1% return)
  • Annual fee waived on Rs.2.7L annual spend
  • 4 complimentary domestic lounge visits per year
  • 10% discount at 1,200+ partner restaurants
  • Rs.30 lakh accident insurance coverage
  • Rs.6 lakh accidental death cover + Rs.10 lakh air accident cover
  • 5-10% discount on international car rentals
  • 1% fuel surcharge waiver (up to Rs.100/month)
  • VISA Signature concierge services
  • 50 days interest-free period
  • Contactless payments enabled
  • 3 add-on cards available
  • Priority customer care

Cons

  • High joining and annual fee of Rs.1,999
  • Annual fee waiver requires Rs.2.7L spend
  • Limited lounge access (4 visits/year vs unlimited)
  • No international lounge access mentioned
  • High interest rate of 30% p.a.
  • Higher forex markup at 3.5%
  • Card replacement fee of Rs.299
  • Reward points validity limited to 3 years
  • No milestone benefits or bonus rewards
  • Credit limit only 20% of annual income
  • No dedicated travel or shopping benefits
  • Minimum 100 points required for redemption

Best For

Premium lifestyle users, dining enthusiasts, high monthly spenders seeking rewards and insurance

Not Ideal For

Frequent travelers, international shoppers, those with low annual spends below Rs.2.7L

Frequently Asked Questions

What is the joining and annual fee for Union Bank VISA Signature Credit Card?
The joining fee and annual fee is Rs.1,999 each. The annual fee is waived if you spend Rs.2,70,000 or more in the previous year.
How many reward points do I earn per Rs.100 spent?
You earn 4 reward points on every Rs.100 spent using the Union Bank VISA Signature Credit Card. Each reward point is valued at Rs.0.25, giving an effective return of 1%.
What lounge access does this card offer?
The card provides 4 complimentary domestic airport lounge visits per year (1 visit per quarter). The lounge access is subject to VISA discretion and may change without prior notice.
What insurance coverage is included?
The card includes comprehensive accident insurance up to Rs.30 lakh, air accident insurance up to Rs.10 lakh, and accidental death insurance up to Rs.6 lakh for cardholders.
What dining benefits are available?
You get an instant 10% discount on dining bills at 1,200+ partnered restaurants across India when payment is made through the VISA Signature Credit Card.
What is the fuel surcharge waiver benefit?
Get 1% fuel surcharge waiver at all petrol stations across India, with a maximum waiver of Rs.100 per month. This benefit can save you up to Rs.1,200 annually.
What are the eligibility criteria?
You must be 18-70 years old, have a minimum annual income of Rs.10 lakh, maintain a credit score of 750+, and be an Indian resident. The credit limit is set at 20% of your annual income.
What is the interest-free period?
The card offers an interest-free credit period of up to 50 days, provided you pay the full outstanding balance by the due date.
What are the interest rates?
The interest rate is 2.5% per month (30% annualized) if the minimum due amount is paid within the due date. If you do not pay the minimum due amount, the rate increases to 2.95% per month.
Can I use this card for international transactions?
Yes, the card is accepted for international transactions. Ensure your card is enabled for international usage. A foreign currency markup fee of approximately 3.5% applies to international transactions.
What is VISA Signature Concierge Service?
Cardholders get access to VISA International Concierge Services for assistance with travel planning, restaurant reservations, event bookings, and other lifestyle requirements.
How long are reward points valid?
Union Bank reward points are valid for 3 years from the date of earning. You need a minimum of 100 points to make your first redemption.
What are the add-on card benefits?
You can add up to 3 add-on cards for family members. Add-on cardholders also receive insurance benefits and can help accumulate reward points faster.
How do I redeem reward points?
Reward points can be redeemed for merchandise, gift vouchers, travel experiences, or credit card bill payment through the Union Rewards website. Minimum 100 points required for redemption.
What is the credit card replacement fee?
If you need to replace your credit card due to loss, theft, or damage, a fee of Rs.299 will be charged.

User Reviews

Our Rating

3.1
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on Union Bank of India's website

Rating Breakdown

Rewards
2.8/5 Top 65%
Benefits
3.5/5 Top 10%
Fees
3.4/5 Top 72%
Value for Money
2.7/5 Top 89%
User Reviews
3.0/5 Top 50%

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