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Union Bank MSME Business credit card

Union Bank of India

Union Bank MSME Business Credit Card

Business Visa for MSME customers with business spend rewards

₹1,500/yr annual fee · 2x rewards

Visa

By FinWiz24 Research Desk · Last reviewed · How we review

FinWiz24 Research Desk

FinWiz24 Research Desk

Verified independently against issuer Terms & Conditions

Editorial Team

Reviewed 26 September 2026

  • Best for

    • MSME business owner
    • Small business spender
    • Self-employed professional

  • What we like

    • Business spend rewards to offset costs
    • Higher credit limit eligibility
    • Public-sector bank trust

  • Watch out for

    • Restricted to MSME / business customers
    • ₹1,500 non-waiver joining fee
    • Standard 3.5% forex markup

Annual fee

₹1,500/yr

Reward rate

2x

Min. income

₹4,00,000

Forex markup

3.5%

Lounge access

None

Eligibility

₹4 lakh/yr · CIBIL 720+

Reward cap

Not explicitly stated

Welcome benefit

₹1,000 voucher on annual spends ≥ ₹1,50,000; ₹2,500 voucher on ≥ ₹3,00,000.

Union Bank MSME Business Credit Card review: business Visa for MSME customers with business spend rewards, fuel surcharge waiver, milestone vouchers, and welcome benefits for small business owners.

Who is this for

  • MSME business owner
  • Small business spender
  • Self-employed professional

What we like

  • Business spend rewards to offset costs
  • Higher credit limit eligibility
  • Public-sector bank trust

Watch out for

  • Restricted to MSME / business customers
  • ₹1,500 non-waiver joining fee
  • Standard 3.5% forex markup

Issuer

Bank

Union Bank of India

Public sector bank

All Union Bank of India cards →

Headquarters

Mumbai, Maharashtra

Established 1919

Toll-free

1800-222-244

Website

www.unionbankofindia.co.in

Network

Visa

See all cards on this network

Union Bank of India is an RBI-regulated entity. See RBI's Master Directions on Credit Cards for the regulatory framework.

Fees and charges

Fee Amount Waiver
Joining fee ₹1,500 Not waivable
Annual fee ₹1,500 Waived on annual spends ≥ ₹2,00,000
Renewal fee ₹1,500 Waived on annual spends ≥ ₹2,00,000
Forex markup 3.5% Not waivable
Late payment ₹1,000 Not waivable
Cash advance 2.5% of amount Not waivable
Fuel surcharge 1% 1% surcharge waiver on fuel transactions between ₹400 and ₹4,000

Rewards

Spend category Rate Cap Redemption
BUSINESS 2 Reward Points per ₹100 on business spend; 1 Reward Point per ₹100 on utility & insurance Not explicitly stated Redeemable via Union Bank rewards portal
All spends 2.00 Not explicitly stated 0.25
SHOPPING 2.00 — 0.25

Benefits

  • Business Spend Rewards Highlight

    2 Reward Points per ₹100 on business spend — offset operational costs.

  • Fuel Surcharge Waiver

    1% surcharge waiver on fuel transactions between ₹400 and ₹4,000.

  • Milestone Vouchers

    ₹1,000 voucher on annual spends ≥ ₹1,50,000; ₹2,500 voucher on ≥ ₹3,00,000.

  • Higher Credit Limit

    Higher credit limit eligibility based on business turnover and ITR filings.

Eligibility

Age
21–65 years
Min. income
₹4,00,000
Min. credit score
720+
Score note
Good credit card required
Employment
self-employed, Business owner
Documents
Business owner / self-employed; PAN, Aadhaar (DigiLocker sufficient), GST / Udyam registration, 2 years ITR

Union Bank MSME Business Credit Card is the business Visa from Union Bank of India. It targets MSME customers and small business owners with business spend rewards.

Fees and rewards

  • Joining fee: ₹1,500 (non-waiver)
  • Annual fee: ₹1,500, waived on annual spends ≥ ₹2,00,000
  • Rewards: 2 Reward Points per ₹100 on business spend
  • Forex markup: 3.50%

Business benefits

  • Business spend rewards to offset operational costs
  • Higher credit limit eligibility based on business turnover
  • ₹1,000 milestone voucher on ₹1.5 lakh spend; ₹2,500 on ₹3 lakh
  • 1% fuel surcharge waiver

Eligibility

For MSME / business customers. Minimum annual income ₹4,00,000 (or business turnover threshold). Good credit score required.

Card data is compiled from the issuer’s published fee schedules. Last reviewed 2026-09-26.

Step-by-step application guide: Read the Union Bank MSME Business Credit Card apply walkthrough →

Apply for Union Bank MSME Business Credit Card

Last reviewed · How we review

FinWiz24 may earn a commission from issuer links. Our editorial process is independent and unbiased.

Check your eligibility → Compare this card →

Cards with similar benefits, rewards, or eligibility requirements.

Frequently asked questions

Is the Union Bank MSME Business Credit Card worth it?
Union Bank MSME Business Credit Card is a credit card issued by Union Bank of India. Whether it is worth it depends on your monthly spend pattern and whether the annual fee (if any) is waivable. Compare the fee and reward rate on this page against your expected annual spend to make an informed decision.

What is the annual fee for the Union Bank MSME Business Credit Card?
Union Bank MSME Business Credit Card charges ₹1,500 as the annual fee. Most issuers waive it on minimum annual spends — check the fee tile on this page for the waiver condition.

How does the Union Bank MSME Business Credit Card reward rate work?
Union Bank MSME Business Credit Card earns 2x base reward rate on all spends. Each card's rewards tile on this page shows the category-wise multipliers and any monthly or yearly caps.

What are the eligibility requirements for the Union Bank MSME Business Credit Card?
To qualify for Union Bank MSME Business Credit Card, you typically need: minimum annual income ₹4,00,000; CIBIL score of 720+; self-employed / Business owner only. The eligibility tile on this page has the full published criteria.

Does the Union Bank MSME Business Credit Card offer airport lounge access?
Union Bank MSME Business Credit Card does not publish complimentary airport lounge access as a benefit.

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Disclaimer: Card details are based on publicly available issuer schedule of charges. Eligibility and approval are at the issuer’s sole discretion. FinWiz24 does not guarantee card approval or specific terms. Always read the issuer’s terms and conditions before applying.

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