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What it's worth to you, after the fee

Welcome: Nothing published — the launch note lists benefits and insurance and names no joining offer

Not valued. We can't value this card until the issuer publishes a fee — every net-value number here would be wrong by exactly the fee we can't find. Everything we can source — the earn rate, the transfer routes, the lounge doors — is above and stands on its own; this card is simply not on the board, not in the calculator, and cannot win a best-of call until Corporation Bank publishes a fee schedule we can cite.

Why we decline to value some cards, and what it takes to change that →

3 notes on the card itself: how it is issued · the network variants · why it ranks #1002

Corporation Bank · Visa · entry

Visa

Why #1002 The rung under the Signature, at a quarter of the income bar — ₹5 lakh of accident cover, the same 0.8% earn, and a lounge line with no airport attached. Carried, not valued; Corporation Bank was merged into Union Bank of India on 1 April 2020.

0.8%

Headline earn rate

Not published

Annual fee — no issuer document states one

None

Fee waiver

₹1.00

Corporation Bank Reward Points value →

The take

Corporation Bank launched the Platinum alongside its Visa Signature on 16 May 2016, and the interesting thing about the pair is how little the cheaper one gives up. The earn is identical — the bank's own Users Guide puts Platinum and Signature holders in the same sentence, one point per ₹125 spent, redeemable at a rupee a point and credited straight to the card account, a flat 0.8% and the best rate on the shelf. The credit shield is identical at ₹50,000. The purchase protection is identical at ₹50,000 on any durable good over ₹1,000. The limits are identical, ₹10,000 to ₹10 lakh on an EMV chip with OTP. The lounge line in the launch note covers both cards. What you give up is the insurance ceiling and nothing else: personal accident cover of ₹5 lakh against the Signature's ₹10 lakh, and no ₹50 lakh air-accident cover at all — that one is named for Signature cards only. Against that, the income bar falls from ₹10.50 lakh to ₹2.50 lakh if you are salaried or a senior citizen, and ₹3 lakh if you are a professional or self-employed. A quarter of the income for four-fifths of the insurance is a trade most people would take. The same conditions apply that apply to the card above it: the accident cover does not attach until the card is activated and used once, and starts on the first of the following month; and points have to reach 750 before a Platinum holder can redeem anything, with the remainder lapsing at the end of the financial year. And the same absence: Corporation Bank never published what any of this cost. On 1 April 2020 the bank was amalgamated into Union Bank of India.

Your renewal — keep, downgrade or cancel

There is no renewal arithmetic to run on this card yet — and a break-even we cannot source is not one we will print.

the whole desk — what changed, the downgrade, and what we cannot price →

Keep, downgrade or cancel

what we can and cannot price

Not valued. We can't value this card until the issuer publishes a fee — every net-value number here would be wrong by exactly the fee we can't find. A break-even is the spend at which value crosses a fee, and we are short one side of that sentence — so this desk prints no ladder, no crossing and no ₹0 standing in for either. What we can source about this card is under Sources.

The downgrade

Corporation Bank publishes no document naming a card you can step down to, so we name none — an invented product change is a phone call you would waste. That leaves keep or cancel, and we cannot price either side of it.

If you call to cancel

What the bank offers to keep you is the one fact this desk cannot compute. We are collecting those reports — dated, and only in aggregate — before publishing any: an offer one reader was made is not one you are owed. Called about this card? Tell us what they offered →

The desk publishes subscribable .ics feeds for the dates it knows — offer deadlines, devaluations, expiry audits. Your renewal date is not one of them: only your statement knows it.

What's good

One reward point per ₹125 spent, redeemable at one rupee a point straight into the card account — a flat 0.8%, the same rate as the Signature above it
Personal accident insurance of ₹5 lakh
A ₹50,000 credit shield against accidental death and permanent disability, with no medical check-up
Purchase protection up to ₹50,000 on any durable good over ₹1,000, against accidental damage, fire or theft, for sixty days
Airport lounge facility at major Indian airports, per the bank's own launch note
An income bar of ₹2.50 lakh salaried, against the Signature's ₹10.50 lakh
An EMV chip card with OTP on transactions, and a credit limit up to ₹10 lakh

Watch out

WITHDRAWN — Corporation Bank was amalgamated into Union Bank of India on 1 April 2020 and the card was not carried forward under its own name
THE FEE WAS NEVER PUBLISHED: four of the bank's own credit-card documents name benefits, insurance, limits and income bars and not one names a charge — the MITC lived at the branch
NO AIR-ACCIDENT COVER: the ₹50 lakh figure in the launch note is explicitly "for Signature cards", and this card carries the ₹5 lakh personal accident cover only
THE INSURANCE DOES NOT ATTACH TO AN UNUSED CARD: cover starts on the first of the month after your first transaction, and an inactive card carries none
Points had to reach 750 before a Platinum holder could redeem, and anything under that lapsed at the end of the financial year
The bank published no airport list, no visit quota and no lounge operator, so the access cannot be mapped
Cash withdrawals and balance transfers earned no reward points at all
Do not confuse this with Corporation Bank's Visa Platinum DEBIT card, a different product on a different page

What these points actually fly

No live transfer route takes Corporation Bank Reward Points into a programme that publishes an award chart. These points buy catalogue and portal redemptions, not award seats — so this page has no flight to show you, and will not invent one.

what the cards that DO reach a chart can fly — 2,196 corridors priced →

Lounge access

0 of 793 tracked doors

No lounge access. This card opens exactly 0 of 793 tracked lounge doors — board with the crowd, or find a card that doesn't →

Can you get it?

the route in — no cutoffs published

The cutoffs and the actual route in — not the "apply now" button, the door that opens.

Route Closed to new applications

Income · salaried not published

Income · self-employed not published

Age band not published

Closed to new applications — existing cardholders keep the card; there is no way in.

You cannot. Corporation Bank ceased to exist as a licensed bank on 1 April 2020, when it was amalgamated into Union Bank of India. While it was open you had to be an Indian citizen or a person of Indian origin, aged 70 or under, hold a PAN, hold any type of account with the bank, have a valid mobile number, and show net annual income of ₹2.50 lakh if salaried or a senior citizen, or ₹3 lakh if a professional or self-employed.

Corporation Bank publishes no income or age cutoffs for this card. Blank means blank — we don't invent numbers to fill a grid.

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