Union Bank of India Credit Cards’ Charges and Fees

Union Bank of India provides you with a range of credit cards with exciting features. However, it levies fees and charges based on your card variant. Some of the most common Union Bank of India Credit Card fees are levied when you:

• Use your card to withdraw money from an ATM

• Use it for international transactions

• Exceed the card’s approved limit

Most credit cards require a one-time joining fee and a recurring annual fee from the second year onwards. The joining fee is levied post-approval, unlike other charges, which are imposed based on a particular service.

The annual fee must be paid after each calendar year. However, some cards may waive this fee when you meet a specific spending milestone. 

Disclaimer: The aforementioned fees are subject to change at the bank’s discretion.

This is another charge levied amongst the various types of Union Bank of India Credit Card fees. You can use this card to withdraw cash in case of a cash crunch. However, you can only withdraw amounts up to the specified withdrawal limit of your card. 

Disclaimer: The aforementioned charges are applicable to certain cards based on the issuer’s discretion. Kindly check the bank website to get the list of Union Bank of India Credit Card charges and fees.

Also called a foreign transaction charge or foreign currency mark-up fee, this fee is levied by card issuers on all transactions in foreign currencies. This charge is also applicable when you make purchases using your card with foreign merchants or native merchants registered abroad.

Note that you must pay a Goods and Service Tax (GST) of 18% on all foreign transaction fees. To comprehend this better, study the following hypothetical example. 

If the mark-up fee on your card is 2.5% for a transaction of ₹20,000, the amount you must pay will be ₹500. After adding the GST, which is 18% of ₹500, the total sum will be ₹590 (₹500 + ₹90).

See the table to learn more about the Union Bank of India Credit Card forex charges.

Disclaimer: The aforementioned charges are applicable to certain cards based on the issuer’s discretion. Kindly check the bank website to get the list of Union Bank of India Credit Card charges & fees.

Opting for this facility helps you shift the outstanding dues from your existing card to another card. The balance transfer option allows you to enjoy lower interest rates.

The bank may levy certain processing fees when you initiate the balance transfer process.

Disclaimer: Note that the fees and charges mentioned above can vary at the discretion of the bank.

Card issuers levy this charge if you exceed your card’s allotted total credit limit. While you could spend over the sanctioned limit, the bank charges an over-limit fee based on the amount by which you have exceeded your limit.

See the table below to understand the over-limit fee levied by Union Bank of India. 

Disclaimer: The Union Bank of India Credit Card fees and charges are subject to change at the bank’s discretion.

Upon failing to pay your bill payment by the specified due date, the card issuer levies late payment penalties. This issuer also carries forward your previous bill amount and adds it to this late payment fee.

See the table to understand the late payment charges levied by Union Bank of India. Note that this fee varies as per the outstanding bill amount. 

Disclaimer: The Union Bank of India Credit Card fees and charges are subject to change at the bank’s discretion.

Apart from the aforementioned fees and charges, Union Bank of India Credit Cards come with certain additional fees. Browse the given table to understand these additional charges so you can make the right decision.

Disclaimer: The aforementioned charges are applicable to certain cards based on the issuer’s discretion. Kindly check the bank website to get the list of Union Bank Credit Card charges & fees.