UNI CARBON
MyRupaya Ratings
Product Details
Credit Card Name :
UNI CARBON
Bank Name :
Union Bank of India
Type :
Fuel Credit Card
Interest Rate :
16% p.a.
Eligibility :
Salaried- Minimum - 18 years; Maximum - 60 years
Self employed/Others- Minimum - 18 years; Maximum - 70 years
Minimum annual salary / income- Rs.2.50 lakhs per annum
Pros
Welcome Benefit: Users will get a welcome bonus up to Rs.300, by way of credit to Bill. The customer has to purchase fuel worth Rs.300/- and above, at an authorized fuel outlet within a period of 60 days from the date of activation of the card.2. On every Rs.100 spent on non-fuel transactions the cardholder will earn 2 reward points.
Reward System: The value of 1 reward point = 0.25. For every Rs. 100 spent on non-fuel transactions, the cardholder will earn 2 reward points. Effective cashback rate: 0.50%. 1.50% cashback in the form of 6 payback points on transactions made on the HP Pay App. 16 rewards will be awarded on fuel spends with a minimum transaction of Rs. 500 and above at authorized HPCL outlets which would be equivalent to 4% cashback on every Rs. 100.00 spent up to a maximum of 150 per billing cycle per card.
Milestone Benefit: For every spend of 50,000 beyond 2.00 lakh, the cardholder will receive an additional 1000 rewards.
Fuel Surcharge waiver benefit is available.
Accidental insurance coverage of upto 10 lakhs is also available for the users.
Contactless card- single tap payment for quicker transaction processing.
Cons
High joining and annual fees.
Low rewards on non-fuel spending.
Low monthly cap on fuel rewards.
No complimentary airport lounge access.
Pros & Cons
Welcome Benefits
Welcome Benefit: Users will get a welcome bonus up to Rs.300, by way of credit to Bill. The customer has to purchase fuel worth Rs.300/- and above, at an authorized fuel outlet within a period of 60 days from the date of activation of the card.
Rewards System
The value of 1 reward point = 0.25. For every Rs. 100 spent on non-fuel transactions, the cardholder will earn 2 reward points. Effective cashback rate: 0.50%. 1.50% cashback in the form of 6 payback points on transactions made on the HP Pay App. 16 rewards will be awarded on fuel spends with a minimum transaction of Rs. 500 and above at authorized HPCL outlets which would be equivalent to 4% cashback on every Rs. 100.00 spent up to a maximum of 150 per billing cycle per card.
International Forex Markup
Welcome Benefits and Reward System
Special Features
Accidental insurance coverage Upto Rs. 10.00 lakh
Eligibility Criteria
Salaried- Minimum - 18 years; Maximum - 60 years
Self employed/Others- Minimum - 18 years; Maximum - 70 years
Minimum annual salary / income- Rs.2.50 lakhs per annum
Benefits
Welcome benefits.
Milestone benefits.
Fuel benefits.
Speical Feature, Eligibility and Benefits
How to apply for Credit Card?
Online:
Visit the Union Bank of India website and go to the credit card section.
Click on the "Apply Now" button for the UNI CARBON credit card.
Fill in the online application form with your personal and financial details.
Upload the required documents, such as your PAN card, Aadhaar card, and income proof.
Review your application and submit it. Documents required: PAN card Aadhaar card Income proof (salary slip, Form 16, IT returns, etc.) Passport-size photograph
Once your application is processed, Union Bank of India will get in touch with you to inform you about the status of your application.
If your application is approved, you will receive your UNI CARBON credit card within a few weeks.
Contact Details
Toll free numbers are : 1800 2222 44
1800 2222 43
1800 208 2244 1800
Account Opening and Procedure
Recommended Credit Cards
Pros:-
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Cons:-
Welcome Benefit: Users will get a welcome bonus up to Rs.300, by way of credit to Bill. The customer has to purchase fuel worth Rs.300/- and above, at an authorized fuel outlet within a period of 60 days from the date of activation of the card.2. On every Rs.100 spent on non-fuel transactions the cardholder will earn 2 reward points.
Reward System: The value of 1 reward point = 0.25. For every Rs. 100 spent on non-fuel transactions, the cardholder will earn 2 reward points. Effective cashback rate: 0.50%. 1.50% cashback in the form of 6 payback points on transactions made on the HP Pay App. 16 rewards will be awarded on fuel spends with a minimum transaction of Rs. 500 and above at authorized HPCL outlets which would be equivalent to 4% cashback on every Rs. 100.00 spent up to a maximum of 150 per billing cycle per card.
Milestone Benefit: For every spend of 50,000 beyond 2.00 lakh, the cardholder will receive an additional 1000 rewards.
Fuel Surcharge waiver benefit is available.
Accidental insurance coverage of upto 10 lakhs is also available for the users.
Contactless card- single tap payment for quicker transaction processing.
High joining and annual fees.
Low rewards on non-fuel spending.
Low monthly cap on fuel rewards.
No complimentary airport lounge access.
The Union Bank Uni Carbon Credit Card is a good option for frequent HPCL fuel users who benefit from its high cashback and fuel surcharge waiver. The welcome bonus, milestone benefits, and non-fuel rewards add further value. However, the caps on monthly cashback and limited redemption options might not be ideal for those with low fuel spends or seeking diverse benefits.
UNI CARBON
Abhijeet Saxena
Abhijeet Saxena
Nalsar University of Law
Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi
Ex - Khaitan & Co. Bengaluru,
Ex - National Stock Exchange, Mumbai,
Ex - Argus Partners, Mumbai
Product Review
Fees & Charges
Joining Fee (one time)- 499,
Annual Fee-499
Cash advance fee: 2.5% per month from date of withdrawal
Interest Rates: 16% p.a., on reducing balances
Late Payment Charges: Up to Rs. 25,000/- = Rs. 200/- Above Rs.25,000/- = Rs. 500/- Statement for > 3 months = Rs. 50/- per statement
Foreign Currency Transactions Fees: 3%.
Reward Redemption Fees: NIL
Fuel Surcharge
1% fuel surcharge is applicable on the cardholders. However, fuel surcharge waiver on the transaction value of Rs.200 and above at HPCL-authorized outlets with a cap of Rs.100 per billing cycle per card. This waiver is over and above the 4% cashback offered by the Bank.
Billing Cycle
30 Days