Union Bank Launches New Unicorn RuPay Credit Card

Union Bank of India has announced the introduction of a new premium RuPay credit card designed specifically for affluent and lifestyle-focused customers. Positioned to meet the rising aspirations of modern consumers, the card comes with several benefits across travel, dining, shopping, entertainment, international airport lounge access, and more, supported by a generous reward structure that aims to elevate everyday spending into a premium experience.

This new card comes at an annual and joining charge of ₹2,400 for primary and add-on cardholders. The joining fee can be waived on spends of ₹1 lakh in the first 90 days of card issuance, and the annual charge can be waived by spending ₹3 lakh in a card anniversary year. Given below are the complete benefits of the Union Unicorn Credit Card.

Reward Rate of Unicorn RuPay Credit Card

• Activation Benefit: Spend a minimum of ₹10,000 within 30 days of card activation and earn 4,000 bonus reward points.
• Base Rewards: Earn 4 reward points per ₹100 spent, applicable only on eligible MCC categories defined by the bank. Reward points per Customer ID are capped at 10,000 points per month (excluding milestone points).
• Birthday Month: Earn 5X reward points on all eligible spends during your birthday month.
• Monthly Milestone: Get 5X reward points on monthly spends of ₹20,000 and above.
• Annual Milestones: Earn 2,000 bonus reward points on reaching each annual spend milestone of ₹1 lakh, ₹2 lakh, ₹3 lakh, ₹4 lakh, and ₹5 lakh. Total annual milestone reward points are capped at 10,000 points.

No reward points on spends related to jewellery, fuel, cash withdrawals, cryptocurrency/bitcoin transactions, wallet loads, alcohol & wine shops, and insurance payments.

Benefits of the Unicorn RuPay Credit Card

Since the Unicorn Credit Card is issued on the RuPay SELECT variant, cardholders also become eligible for a range of additional benefits offered under the SELECT program.

Eligibility

Any existing Union Bank customer with a regular source of income is eligible to apply. The minimum gross annual income required is ₹5 lakh, and the card comes with a base credit limit starting at ₹50,000.

Bottom Line

Union Bank has launched its most premium offering yet, the Unicorn RuPay Credit Card, priced at a joining and annual fee of ₹2,400. From airport lounge access to multiple milestone benefits, the card packs in a wide range of features tailored for high-net-worth individuals. Despite its premium positioning, the card remains fairly accessible with a minimum annual income requirement of just ₹5 lakh.

Since it is issued on the RuPay SELECT variant, users can link the card to UPI, earn rewards on eligible transactions, and enjoy all the additional benefits that come with RuPay SELECT.