Union Bank Micro Enterprise
KeepNothing to take out, 18% a year to revolve — where every other Union card charges 36%.
a year at ₹40,000 a month, after the fee
Skip the arithmetic — the board, ranked → · nothing to sign up for
What it's worth to you, after the fee
Priced on the everyday mix — 30% groceries · 10% utilities · 20% travel · 6% fuel · 34% everything else — with this card's published category rules applied: it earns nothing on groceries and utilities and fuel here, so that spend is dropped, not paid at the headline, and stops pacing milestones and the waiver. Plus milestones, minus the fee. No accelerator credit — and a business card's accelerator is usually the point. This card is not on the board, which ranks personal cards only; it is ranked against other business cards on /best/business, where the tax, GST and vendor-payment rungs ARE credited and its ₹ reads higher.
How these numbers are computed — and why the rankings show a bigger one →
Spend tiers, milestones and fee waivers included, at our house ₹/point. Portal and category multipliers can push higher — run your exact number →
Still costs ₹1,000 a year at ₹5,00,000 a month
At ₹5,00,000 a month, the top of the ladder we scan, on the everyday mix this card returns ₹0 gross against its ₹1,000 fee = −₹1,000 net — still under water, and nothing lower on the ladder does better. The ladder runs in ₹1,000 steps to ₹1,00,000 a month and ₹10,000 steps to ₹5,00,000; figures are rounded to the hundred, and the accelerator is never credited.
2 notes on the card itself: how it is issued · why it ranks #575
Why #575 A business card carried, not ranked. What it is: Union Bank's government-scheme card for micro enterprises — half the interest rate of every other Union card, no rewards at all by the bank's own sentence, and a two-dozen-line list of merchant categories it will refuse.
The take
This is Union Bank's card for the government's micro-enterprise credit push, and the number that matters is the interest rate. Union's service-charge table sets 3.00% a month, 36% a year, on every credit card it issues — and then adds one line: "In case of Micro Enterprise Credit Cards 1.50% p.m. / 18% on annualized basis". Half. For a micro business bridging a supplier payment that is the entire product, and the EMI facility is priced to match at a flat 18% a year rather than the tiered rates the consumer shelf pays. Everything else about it is subtraction. There are no reward points: the MITC and the Key Fact Statement both end their rewards section with "Reward points not applicable in PM SVANidhi and Micro Enterprise Credit Cards". There is no insurance: "For Micro enterprise and PM SVANidhi credit card, no insurance coverage available", which strips out the accidental-death cover every other Union card carries. Cash withdrawals are refused outright. And the merchant-category block list runs to two dozen lines — jewellery, liquor, fuel-adjacent quick commerce, OTT subscriptions, hotels and resorts, motor vehicles, pharmacies, educational institutions, gift cards, wallets, card-to-card, precious metals, securities and crypto are all closed. Union's own framing is that transactions "shall be permitted only for registered business activities", and it means it. The fee needs two lines of Union's document read together, and they do not sit comfortably. The fee grid prints NIL against both the admission fee and the annual fee — but that row is shared with PM SVANidhi, and the paragraph immediately below it says the joining waiver covers only the first ten lakh customers and that from year two the annual fee runs to "maximum 1% of the card limit or Rs. 1000 whichever is lower". That formula is the government scheme's national cap rather than Union's invention: IDFC FIRST prints the same sentence in its own commercial terms and then states it on the product page as the charge. So the number carried here is the ceiling, ₹1,000, which is what any holder with a limit of ₹1 lakh or more pays — and nothing at all to take the card out.
Your renewal — keep, downgrade or cancel
On everyday spend, nothing we model covers this card’s fee — whatever it is worth, it is not worth it for swiping.
Keep, downgrade or cancel
₹1,000/yr at stake · 5 spend bands
The charge ₹0 joining, then ₹1,000/yr
Break-even Nothing up to ₹5,00,000 a month covers this card's fee on everyday spend — at that ceiling it is still ₹1,000 a year under water.
At your spend
−₹1,000 a year, net of the fee, at ₹3,00,000 of annual spend
−₹1,000 a year, net of the fee, at ₹6,00,000 of annual spend
−₹1,000 a year, net of the fee, at ₹12,00,000 of annual spend
−₹1,000 a year, net of the fee, at ₹36,00,000 of annual spend
−₹1,000 a year, net of the fee, at ₹60,00,000 of annual spend
Everyday earn plus milestones, minus the fee — the same model as the value panel above, so the two cannot disagree. run your exact spend →
Your copy of this card
You hold this card.
Kept on this device, in your browser. It is never sent to us, never synced, and nothing else on the site reads it yet.
The downgrade
Union Bank of India 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 the numbers above are the whole 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
- Nothing to take the card out, and nothing in year one — the fee starts from the second
- 1.50% a month — 18% a year — where every other Union card charges 3.00% a month and 36%
- EMI conversion at a flat 18% a year, written into the same clause
- Guaranteed under CGTMSE, so the bank is not asking the proprietor for separate security
- A billing cycle fixed to the calendar month, with payment due on the 20th of the next
- Card replacement is ₹149, the cheap band Union charges on VISA Gold and RuPay Platinum
Watch out
- NO REWARD POINTS AT ALL — both regulatory documents say so in the same sentence, "Reward points not applicable in PM SVANidhi and Micro Enterprise Credit Cards"
- NO INSURANCE. Union's cover table ends "For Micro enterprise and PM SVANidhi credit card, no insurance coverage available" — every other Union card gets ₹5,00,000 or more
- UNION'S OWN FEE GRID PRINTS NIL AGAINST THE ANNUAL FEE, on a line shared with PM SVANidhi — the ₹1,000 here comes from the paragraph under that row, "maximum 1% of the card limit or Rs. 1000 whichever is lower", which is the scheme's cap and what IDFC charges on the identical wording. Ask for the renewal figure in writing
- Cash withdrawals are not allowed — the card sits in the "Cash withdrawals not Allowed" row with Union MSME, VISA Corporate Business and PM SVANidhi
- Two dozen blocked merchant categories, including hotels and resorts, motor vehicles, pharmacies, educational institutions, jewellery, quick commerce and OTT subscriptions
- No add-on card: the fee grid's add-on columns both read NA
- No product page exists — Union's credit-card listing carries thirteen and not this one, so the two regulatory PDFs are the whole record
- The MITC says RuPay Platinum's "additional features" extend to this card, but Union publishes no quota for any of them and this desk models none
What these points actually fly
No live transfer route takes Statement cashback (₹) 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 →
What earns, what doesn't
11 sourced rules · 7 pay zero
This card pays nothing anywhere — Union's MITC says it in one line, "Reward points not applicable in PM SVANidhi and Micro Enterprise Credit Cards" — so the interesting question is not what it earns but what it will AUTHORISE. Clause xvi publishes a twelve-item block list: "Transactions shall be permitted only for registered business activities." Where a category below is `na` it is because Union has barred the transaction outright, not because it merely earns zero; where it is `excluded` the swipe goes through and pays nothing.
- Fuel · excluded Not on Union's block list, so the swipe should go through — but it earns nothing, because the MITC states outright that "Reward points not applicable in PM SVANidhi and Micro Enterprise Credit Cards". Zero reward points is the answer for every category on this card
- Utilities (electricity/water/gas) · excluded Not blocked, and earns nothing — the whole card is outside Union's reward programme by its own MITC
- Insurance · excluded Not blocked, and earns nothing. Union does bar "Payments or transfers to mutual fund accounts, demat accounts, or related investment platforms" under clause xvi(d), which is adjacent but not the same MCC block
- Government / tax · excluded Not blocked, and earns nothing. Note clause xvi(h) does bar "Payments to Political Organizations" and xvi(i) "Bail and Bond Payments", both of which sit inside the government-services MCC block on other issuers' tables
per Union Bank of India T&C · rank every card by spend category →
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.
Direct application — no invite list, no banking relationship required.
Through the Union Bank branch handling the enterprise's working-capital limit — the card is drawn inside a sanctioned fund-based limit, not applied for separately, and Union publishes no page or funnel for it. Ask for the renewal fee in writing: the bank's own fee grid prints NIL and the paragraph under it prints a formula, and only one of them can be right.
Union Bank of India publishes no income or age cutoffs for this card. Blank means blank — we don't invent numbers to fill a grid.
no MITC row researched for this card yet · filter the board by what you can get →
What's changed for this card
nothing tracked yet — which is itself a fact
No tracked devaluations or changes yet — this card's history starts here.
Verified against Union Bank of India's own documents on · the net-annual-value engine, at our house ₹/point
Every document behind this page — 4 of them, each with the day we read it
- official Union Bank's credit-card MITC, effective 25 September 2025 — the half-rate interest clause, the nil-reward sentence and the blocked-category list
- official Union Bank's Key Fact Statement — the same fee row and the same footnote, plus the CGTMSE guarantee clause
- official IDFC FIRST's commercial MITC, carrying the identical scheme fee formula — the reason the ₹1,000 ceiling is read as a charge rather than a cap nobody reaches
- official Union Bank's credit-card listing — the thirteen product pages the bank publishes, none of them this card's