UBI Gold Credit Card Review

If you are a newcomer to the credit card market and are looking for a credit card that can help you get off to a good start, then the UBI gold credit card would be a wise choice. Instead of offering you mind-blowing deals, this card offers some useful features such as a low-interest rate against revolving credit, a minimal renewal fee, complimentary lost card liability coverage, and more. Following is a detailed explanation of the benefits.

Who can apply for a union bank of india credit card?

  • Resident Type: Indian. 
  • Union bank credit card eligibility criteria for salaried person:
    • Age: 21 to 60 yrs. 
    • Income: Rs.3 lakh annually. 
  • UBI credit card eligibility criteria for self-employed person:
    • Age: 21 to 65 yrs. 
    • Income: Rs.5 lakh annually.
  • A CIBIL score of 680+ is required to apply for this ubi credit card.

What documents are required to apply for a UBI credit card?

  • Photocopy of ID Proof (any 1)
    • Aadhar card
    • Voter Card
    • Passport
    • PAN Card
  • Photocopy of Address proof (any 1) 
    • Aadhar Card 
    • Driving License 
    • Passport
    • Utility bill
  • One recent passport-sized photographs
  • Proof of income statement:
    • Salaried Person (any 1)
      • Latest salary slip, (3 months) 
      • ITR (Income Tax Return)
    • Self-employed person
      • Latest Income tax return. 
      • Proof of business
      • Recently audited financial report.

What are the UBI Gold credit card fees?

  • Joining fee: None. 
  • Annual fee: None. 

What are the UBI gold credit card benefits?

  • Get freedom from fuel surcharges:

Your UBI gold card features a 1% waiver on fuel surcharges across all fuel stations in India. You can make up to Rs.100 savings in a union bank credit card statement cycle. 

  • Complimentary insurance coverage:

union bank offers the option of personal accident insurance coverage of Rs.5 lakh (for the primary cardholder) with this card. The insurance premium may vary from time to time.

  • Opportunity to make your credit card lifetime free:

Spend Rs.30,000 on your card within a year and you’ll get the entire next year’s fee waived. 

  • Experience attractive network privileges:

You can also take advantage of some attractive travel and shopping offers from Visa with your UBI gold card. Check out the latest offers and deals here.

  • Complimentary lost card liability coverage:

You are covered for lost cards with your UBI gold card. Therefore, if your card ever gets lost or stolen, you can report it by calling the union bank credit card customer care number and you will not be liable for anything that may happen.

What are the union bank credit card charges?

Particulars

Chargeable amount

UBI credit card money withdrawal charges 2.50% against the withdrawn amount (check your union bank credit card limit before making a withdrawal)
Finance charge The union bank credit card interest rate can go upto 2.95% monthly or 41.75% annually (applicable if your ubi credit card payment is not made in time)
UBI credit card international transaction charges 3.50% against the transaction amount
Add on credit card fee None

How to contact the union bank of india credit card helpline department?

100xGain Ratings: 

6/10

Pros and cons of the UBI gold card:

Pros 

Cons

  • You can enjoy a low credit card interest rate with this card.
  • There are no dining or entertainment benefits on this union bank credit card.
  • You will not get any cashback or discount offers from this card.

Final Opinion:

As mentioned before, this card can only be useful for beginners and for those who want to improve their credit score. You can also keep this card as a secondary backup. But in terms of benefits, this card has nothing much to offer us.

So if you are looking for attractive credit card benefits, then I would suggest you take a look at our best credit card page. You can also compare the alternative card options given below.

Alternative Cards: 

  1. HSBC Smart Value Credit Card (Best for reward points)
  2. ICICI MakeMyTrip Platinum Credit Card (Best for travel and movie benefits)
  3. Kotak Mahindra Fortune Gold Credit Card (Best for fuel benefits)
  4. FBB SBI STYLEUP Credit Card (Best for shopping benefits)

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