How to Apply for a Credit Card at Union Bank: A Comprehensive Guide
Union Bank of India offers a range of credit cards tailored to meet the financial needs of individuals, businesses, and professionals. With a user-friendly mobile application called VYOM, you can easily apply for a credit card from the comfort of your home. Alternatively, you can visit a branch of Union Bank with your relevant documents to apply in person. Here, we guide you through the application process and highlight the features and benefits of Union Bank credit cards.
Applications via the VYOM Mobile App
The VYOM mobile application, provided by Union Bank, makes it incredibly convenient to apply for a credit card, check your eligibility, and manage your account. To begin the application process, download the VYOM app from the Google Play Store or the Apple App Store. Once you have the app installed and registered, you can proceed to apply for a Union Bank credit card.
Key Features of the VYOM Application:
Application Convenience: The app is designed with a user-friendly interface, making the application process quick and straightforward. Real-time Updates: You can track the status of your application in real-time. Progress Tracking: The app provides detailed information on what documentation you need to submit and what additional information Union Bank may request.Applying in Person at a Union Bank Branch
For those who prefer to apply for a credit card in person, visiting a Union Bank branch is a viable option. When you visit, you will need to bring your KYC (Know Your Customer) documents along with proof of your annual income. Here is a list of the required documents:
KYC Documents: Aadhaar card, PAN card, Passport, or Voter ID. Income Proof: Salary slips, tax returns, or bank statements showing a monthly income of at least Rs 1.80 lacs.SALIENT FEATURES OF OUR CREDIT CARD
Union Bank credit cards offer a range of features and benefits that match your preferences and lifestyle. Here are some of the key features and benefits of Union Bank credit cards:
Wide Acceptance
VISA and MasterCard Affiliations: Our credit cards are widely accepted at all VISA and MasterCard affiliations. Rupay Affiliations: If you prefer local transactions, our credit cards are also accepted at Rupay affiliations.Security Features
Our credit cards come with EMV chip and PIN technology, which provides enhanced security for your transactions. This technology ensures that your data is processed securely, protecting against counterfeiting and skimming:
Chip Card: Our credit cards are equipped with an integrated chip that processes data in a highly secure environment. Unparalleled Security: The chip technology on our cards ensures that your transactions are secure and that you can use your card with peace of mind.Types of Credit Cards Available
Union Bank offers a variety of credit cards to match your financial needs and lifestyle. Some of the key types of credit cards available include:
Student Credit Cards: Designed for students and young professionals. Family Credit Cards: Ideal for families who want to manage finances as a group. Business Credit Cards: Designed for small and medium-sized businesses.Key Benefits of Union Bank Credit Cards
Wide Acceptance: Union Bank credit cards are accepted globally at all VISA, MasterCard, and Rupay affiliations. Annual Income Requirement: Cards are issued based on a minimum annual proven income of Rs 1.80 lacs. Credit Card Limit: The card limit is at the discretion of the bank, based on the applicant's credit score and income. Low Five Add-on Cards: Up to five additional cards can be issued to family members such as spouse, parents, and major children. Cash Advance: A cash advance facility of 20-40% of the card limit is available, subject to an ATM daily cash withdrawal limit. Low Annual Subscriptions: Subscription fees start from the second year onwards. Free Lost Card Insurance: Union Bank provides free insurance coverage for lost cards. Regular Updates: SMS alerts and soft copies of monthly bills are sent to registered mobile numbers and email IDs, respectively. Group Accident Insurance: Group personal accident insurance coverage is available at a nominal premium.Service Charges
Understanding the service charges associated with your credit card is crucial. Here are the key service charges applicable to Union Bank credit cards:
Service Charge: A monthly service charge of 2.5% on the unpaid balance, if the minimum payment due is received by the due date. Late Payment Service Charge: A penalty charge of 2.95% per month, if the minimum payment due is not made by the due date.Union Bank of India's credit cards offer a range of benefits and features to meet your financial needs. Whether you choose to apply via the VYOM app or in person at a branch, the process is quick, convenient, and efficient. To learn more about Union Bank credit cards and their features, visit the official Union Bank website or contact their customer service.