M16S / Union Bank of India / Union Bank of India VISA Gold Credit Card
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Union Bank of India VISA Gold Credit Card
The Union Bank of India VISA Gold Credit Card costs Rs 350 a year, waived if you spend Rs 30,000 in a year. Its base return is 0.25% (1 RP per Rs 100). The forex markup is 3%. Read from the issuer's own documents on 11 Oct 2026.
- Annual fee
- Rs 350+ GST
- Fee waived at
- Rs 30,000annual spend
- Base return
- 0.25%
- Forex markup
- 3%
- Interest
- 3%a month
What changed on this card
- Union Bank raises credit card interest to 3.00% a month, Sept 2025
Union Bank's credit card MITC Version 1.4, effective from 25 September 2025, charges service charges of 3.00% a month (36% a year) whether or not the minimum payment due is paid by the due date. The MITC effective 2 December 2024 charged 2.50% a month (30% a year) when the minimum was paid and 2.95% a month (35.4% a year) when it was not. Source: Union Bank of India, unionbankofindia.bank.in, read 28 Oct 2026
- Union Bank raises minimum cash withdrawal fee to Rs 500, Sept 2025
Union Bank's credit card MITC Version 1.4, effective from 25 September 2025, sets the cash withdrawal fee at 3% of the cash advance or a minimum of Rs 500 at both own bank and other bank ATMs. The MITC effective 2 December 2024 had minimums of Rs 200 at own bank ATMs and Rs 250 at other bank ATMs. Source: Union Bank of India, unionbankofindia.bank.in, read 28 Oct 2026
Each change is read from the bank's own notice or terms document, linked above. Every card's changes are on the change log.
Fees
| Joining fee | Free |
|---|---|
| Annual fee | Rs 350 |
| Annual spend that waives the fee | Rs 30,000 |
| Fee notes | Joining fee nil. Annual fee Rs 350 (add-on Rs 250). Waived on Rs 30,000 card usage in the previous 12 months. Replacement Rs 149. |
Rewards
| Reward currency | Union Rewardz Reward Points |
|---|---|
| Base earn | 1 RP per Rs 100 |
| Base return | 0.25% |
| Point value | 1 RP = Rs 0.25 |
| Spends that earn nothing | No points on cash withdrawals. Other exclusions not stated on product page. |
| Reward notes | base_return_pct = 1 RP per Rs 100 x Rs 0.25. Redemption via Union Rewardz app/website for merchandise, vouchers, travel or bill payment. Expiry not stated. |
Travel and perks
| Forex markup | 3% |
|---|---|
| Fuel surcharge waiver | 1% waiver, capped at Rs 100 per month/billing cycle |
| Other freebies | Accidental insurance Rs 5 lakh (premium borne by cardholder). Up to 3 add-on cards. |
Charges and eligibility
| Interest per month | 3% |
|---|---|
| Late payment fee | Rs 200 if outstanding dues up to Rs 25,000; Rs 500 if above Rs 25,000 |
| Cash advance fee | 3% of amount, min Rs 500 (own or other bank ATM); cash interest 2.5% p.m. (30% p.a.) from withdrawal date |
| Fine-print notes | MITC v1.4 effective 25 Sep 2025. Interest 3% p.m. (36% p.a.) on revolving balance; over-limit fee 2.5% min Rs 250; railway/IRCTC surcharge 1.5% plus IRCTC charges; EMI on purchases of Rs 10,000+ at 16% p.a. reducing, processing fee 2% (min Rs 200, max Rs 1,000), pre-closure 2%. Interest-free period 20-50 days only if previous balance cleared in full. Accident insurance beyond the free NPCI cover is paid for by the cardholder. Cash limit 20% of card limit. No lounge access mentioned. |
Questions
- What is the annual fee of the Union Bank of India VISA Gold Credit Card?
- Rs 350 a year, before GST. It is waived if you spend Rs 30,000 in a year.
- What is the forex markup on the Union Bank of India VISA Gold Credit Card?
- 3% of each foreign-currency transaction, before GST.
- Which spends earn no rewards on the Union Bank of India VISA Gold Credit Card?
- No points on cash withdrawals. Other exclusions not stated on product page.