Pros. Lower fees and interest rates. Because credit unions are member-owned, they're often able to offer lower rates and fees on their financial products than traditional banks. ... “You'll often find lower interest rates and other fees on credit union-issued credit cards.
Yes, Union Bank offers a Visa Debit Card. The Visa Debit Card allows you to make purchases and get cash from any ATM that accepts Visa. You are also able to make deposits at UBT ATMs that are enabled for deposits. There is no monthly or annual card fee.
Enjoy shopping with the fully loaded UnionBank Classic Visa Card. Experience platinum benefits with a Mastercard that gives you 1.5% (1% Effective July 1, 2021) CashBack on everything from groceries to big purchases. Earn 1.5% (1% Effective July 1, 2021) cash back on all your purchases, everyday.
While VISA has a slightly higher market share and greater amount of transactions worldwide, both VISA and MasterCard are equally well-accepted by merchants. Although MasterCard's upper tiers provide a better set of benefits, there are a lot more perks offered by the issuing banks themselves.
While the advantages of a credit union are clear, there are reasons that banks are still able to exist alongside them. The disadvantages of credit unions are in what they lack; they often fail to deliver some of the valuable services that banks can boast.
Cons of credit unions
Existing account holders without Debit Cards can download and fill the form and submit it at the nearest branch to get a Debit Card. Customer can contact the nearest branch for add-on card or linking additional accounts to the Debit card.
Union Bank Credit Card offers you a hassle free and secured shopping experience at an assortment of outlets and websites around the globe. The card can also be used for cash withdrawals at ATM centres. Attractive spending limit is 20% of the annual gross salary.
At Union Bank ATMs, you can make a daily withdrawal of up to $500 or an amount equal to your available account balance, whichever is less. Limits may be lower or higher depending on your account type. Refer to your Card Carrier details sent with your card, or call customer service at 1-800-238-4486.
Top Credit Cards for First-Timers in the Philippines
Annual fee waiver for PlayEveryday supplementary credit card will be credited to the member's PlayEveryday primary credit card. For annual fee waivers, members can avail of a quantity of more than one annual fee waiver but UnionBank will not allow reversals for annual fee waivers claimed after the first one.
Top Credit Cards by Union Bank of India
| Union Bank Credit Card | Joining Fee | Annual Fee |
|---|---|---|
| Signature Credit Card | Rs.250 | Rs.250 |
| Gold Card | NIL | NIL |
| Classic Card | NIL | NIL |
| Silver Card | NIL | NIL |
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