If you already have an immediate financial commitment to fulfill or want to pay for products and services. The Union Bank Credit Card has you protected without interrupting your financial position. Stay in charge of your money and have cash at your fingertips should you need it. Only with a Union Bank Credit Card, users will have more freedom. The credit card is good for three years, and you have a 1-month monthly payment to choose from.
Boost cash back if you really want to make payments balances quicker. They offer the perfect card for you if you want to earn rewards or start developing an existing credit record. Credit Cards that develop credit are a fantastic choice for persons who have low credit records. However, credit cards with lengthier intro lending rates may save money for households on a tight budget.
Thus Credit Cards offering travel benefits are ideal for those who like to get out and about. Hence if you presently have or are considering acquiring a better credit card. Simply enroll for a credit card from Union Bank to make your financial transactions easier. If you’ve had a secured or student credit card in the past and have a sufficient credit history. As a result, the Union Bank Credit Card is a good place to start if you’re new to the world of unsecured credit cards.
The card is simple and straightforward, which is ideal for folks who are still learning how to use credit cards responsibly. It does not, however, have a rewards program or a registration bonus. There is, however, no annual charge and an enticing initial 0% APR. It also lacks a grace period and a balance transfer option. Particularly if the customer has outstanding credit card debt and requires aid in repaying it.
Union Bank Credit Card rate and fees
The Union Bank Credit Card has an Intro Purchase APR for new customers. Thus it has a 0% APR for 15 months from the date the account was opened and activated. The credit card also has a regular purchase APR for its customers. However the Union Bank Credit Card has an 8.49% to 19.99% variable based on creditworthiness and the Prime Rate. Furthermore the credit card comes with an Intro Balance Transfer APR rate to all customers.
Hence it has a 0% APR charge for 15 months from the date the account was opened. However, this credit card has a very good Balance Transfer Transaction Fee. Hence it has an #0 Introductory fee for transfers completed within 60 days of account opening. After that, either #5000 or 3% of the amount of each transfer or whichever is greater is applicable. Also it has a Cash Advance APR that is very low and affordable.
Thus the credit card comes with a 25.25% variable based on the Prime Rate. Furthermore the credit card has a Cash Advance Transaction Fee for its users. Moreover, either #7000 or 5% of the amount of each cash advance or whichever is greater. Finally, the Union Bank Credit Card has a Foreign Transaction Fee associated with it.
Hence it has a 3% of the transaction amount in U.S. dollars, the Union Bank Credit Card comes with a Late Payment Penalty Fee. This late payment fee is for customers that are not able to make repayment before due time. The late payment penalty fee or charge is up to $37 on any default. It also has a return payment penalty fee. This fee is as low as $35 for all its customers and credit card users.
Benefits of the Union Bank Credit Card
This credit card’s main advantage is the promotional time it provides. Purchases and cash advances get a 0% APR for the first 15 months after the account is created. As customers who relocate existing card debt from other accounts, balance transfers have additional perks. As a result, you can pay it off without having to pay a 3 percent balance transfer fee. To reap the benefits of this promotion, balance transfers must always be done within 60 days after account establishment.
Constant daily low APR
When you can’t pay off your entire balance by the conclusion of the promo APR period. The Union Bank Credit Card’s low annual rate is likely to remain cheaper. Users will still be ahead of the game if the interest rate was lower than most other credit cards on the market. Digital wallet integration is another feature of this credit card.
This really is highly useful for both online and offline shopping. Also included is free access to your financial score. The last one is especially handy for people who utilize credit cards. As a result, if you do want to focus more attention on the rating and how often it changes. Keep reading to know why you need this credit card.
Why you need the Union Bank Credit Card
This is indeed a simple card with no yearly fee to deal with. However, this does not imply that it is appropriate for everybody. International transaction, late payments, and refunded payment costs should all be avoided. Thus if you’re looking for a credit card to use while going overseas, avoid the Union Bank Credit Card. Thankfully, there is no APR penalty. As a result, you don’t have to worry about the interest rate increasing if you missed a repayment.
Conclusion
The Union Bank Credit Card is great for those who want to be cautious on their finances. Or who are trying to improve their credit rating. This may not offer the same glitzy benefits as other bank cards. However, there is no desire to spend more than you can afford. Some little bonuses it does provide are more utilitarian than almost anything else. People who are truly afraid to embark on the high APRs of rewards cards will profit.
