A Comprehensive Review of Union Banks Platinum Visa Credit Card

The Union Bank Platinum Visa credit card is a versatile and convenient financial tool that offers a range of benefits for its holders. With no annual fee, competitive regular APR, and a low introductory APR for purchases and balance transfers, this card is perfect for those who want extra time to pay off larger purchases without accruing interest charges. In this review, we will take an in-depth look at the features and benefits of the Union Bank Platinum Visa credit card, as well as su potencial drawbacks and limitations.

Features and Benefits

Low Introductory APR for Purchases and Balance Transfers

The Union Bank Platinum Visa credit card offers a low introductory APR of 10.99% for purchases and balance transfers made within the first 60 days of account opening. This is an excellent feature for those who want to make large purchases or transfer existing balances without incurring interest charges right away. After the introductory period ends, the regular APR ranges from 14.99% to 24.99%, dependiendo de tu creditworthiness y otros factores.

No Annual Fee

Another significant advantage of the Union Bank Platinum Visa credit card is that it does not charge an annual fee. This means that you can enjoy all the benefits of the card without having to pay any additional fees each year.

Competitive Regular APR

The regular APR for the Union Bank Platinum Visa credit card ranges from 14.99% to 24.99%, which is competitive with other credit cards on the market. This means that you can enjoy low interest rates on your purchases and balance transfers, even after the introductory period ends.

No Balance Transfer Fee (for the First 60 Days)

Another excelente feature of the Union Bank Platinum Visa credit card is that there is no balance transfer fee for the first 60 days after account opening. This means that you can transfer existing balances to your new card without incurring any additional fees.

Union Bank Visa Platinum Credit Card Limit

La Union Bank Platinum Visa credit card ofrece límites de crédito que varían según la solvencia crediticia del solicitante. Generalmente, los titulares de tarjetas pueden esperar recibir un límite de crédito que se alinea con su perfil financiero y su historial de crédito. Este límite puede proporcionar flexibilidad en las compras y ayudar a mantener un ratio de utilización de crédito saludable.

Online and Mobile Banking

The Union Bank Platinum Visa credit card comes with online and mobile banking capabilities, allowing you to manage your account, make payments, and monitor your balance from anywhere at any time.

Travel Insurance and Emergency Assistance

The Union Bank Platinum Visa credit card also offers travel insurance and emergency assistance services, which can provide peace of mind when traveling abroad or in remote areas.

Drawbacks and Limitations

Balance Transfer Fee After 60 Days

While there is no balance transfer fee for the first 60 days after account opening, a balance transfer fee of $10 or 3% of the transferred amount will apply after that period. This means that you may incur additional fees if you need to transfer existing balances to your Union Bank Platinum Visa credit card.

Limited Cash Advance Option

The Union Bank Platinum Visa credit card does not offer a cash advance option, which can be a limitation for some users who may need to access cash in an emergency or unexpected situation.

Foreign Transaction Fee

The Union Bank Platinum Visa credit card charges a foreign transaction fee of 1% on all purchases made abroad. This means that you will pay more for international transactions, which can be a drawback for frequent travelers or those who make purchases in other countries.

In conclusion, the Union Bank Platinum Visa credit card offers an excellent combination of features and benefits, including low introductory APRs, no annual fee, competitive regular APRs, and online and mobile banking capabilities. Sin embargo, hay algunos drawbacks y limitaciones a considerar, como la balance transfer fee después de 60 días y el foreign transaction fee. Overall, this card is an excellent choice for those who want extra time to pay off larger purchases without accruing interest charges, but may not be the best option for those who need a cash advance or make frequent international transactions.

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