Uco Bank Credit Card Fees and Charges Details

Uco Bank credit cards come with a range of fees and charges that you should be aware of.

The annual fee for Uco Bank credit cards ranges from ₹299 to ₹1,499, depending on the type of card and your credit limit.

You'll also be charged a late payment fee of ₹50, plus a penalty interest rate of 3.25% per month, if you fail to pay your credit card bill on time.

In addition, Uco Bank credit cards charge a foreign transaction fee of 3.5% of the transaction amount, if you use your card to make purchases abroad.

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UCO Bank offers 3 variants of credit cards, each designed to meet specific requirements. These cards come with a range of benefits that can provide instant finance for business needs.

UCO Bank credit cards are offered to a wide range of customers, from fishermen to urban borrowers, making them a viable option for many individuals. The bank's minimal documentation and security requirements make it easier to apply for a credit card.

The UCO credit cards are issued with liberalised terms to the MSME sector, making it easier for small businesses to access funding. This includes both term loan and working capital facility, catering to the needs of various businesses.

UCO Bank Credit Cards offer a range of benefits that make them an attractive option for customers.

You can get a UCO Bank Credit Card even if you're not from a big city, as they cater to customers from various sectors, including artisans, handloom weavers, fishermen, and self-help groups.

The loan quantum is quite high, up to Rs.10 lakhs, which gives you more financial flexibility, especially if you're from a tiny industry sector.

Minimal documentation requirements and security needs make it easier to get a UCO Bank Credit Card loan.

The interest rates are very affordable, as low as base rate + 1% per annum, so you won't have to worry about high interest payments.

UCO Bank Credit Card holders can choose between cash credit and term loans to meet their capital needs.

Flexible repayment options allow you to pay back the loan in affordable instalments, so you don't have to worry about a huge EMI.

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You can use the loan for working capital, like buying raw materials, or for block capital.

UCO Bank Artisans Credit cardholders registered with the Development Commissioner for Handicrafts are eligible for insurance coverage.

If you're a weaver, you can get a Weavers credit card, which comes with CGTMSE coverage, so you don't need to provide collateral security.

UCO Bank credit cards offer a range of benefits that make them an attractive option for business owners. UCO Bank has designed its credit cards to cater to the specific needs of its customers, with three variants available to choose from.

One of the key features of UCO Bank credit cards is their focus on the MSME sector. The card has been designed to provide adequate and timely funds to smaller sectors involved in agriculture and allied activities.

UCO Bank credit cards offer both term loan and working capital facilities to businessmen dealing with the MSME sector. This flexibility is a major advantage for business owners who need access to funds for various purposes.

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The credit cards are issued with liberalised terms to the MSME Sector. This means that business owners can enjoy more lenient repayment terms and conditions, making it easier to manage their finances.

UCO Bank credit cards require minimal documentation and less security, making it easier for customers to apply and receive credit. This streamlined process saves time and effort for business owners who need access to funds quickly.

To apply for a UCO Bank credit card, you can start by visiting the MyMoneyMantra website and logging in to choose the credit card menu. A list of credit cards from different banks will be displayed on a single screen with all the details related to the card.

You can select the card you intend to apply for and submit the application. You'll then need to fill in all the relevant information required for applying for the credit card. Once the filling of the application is complete and the process initiated, you'll get assistance from a MyMoneyMantra representative to go through the process from documentation till the approval of the card.

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The approval process is based on your credit score and financial behavior. UCO Bank targets individuals with a good credit score, typically over 750, for its credit card offerings. Approval hinges on factors like income and financial behavior.

To be eligible for a UCO Bank credit card, you'll need to meet certain criteria. The age of the applicant should be between 18 and 60 years old. You can be either self-employed or salaried with a regular income source.

Here are the standard eligibility criteria for UCO Bank credit cards:

Fees and charges for UCO Bank credit cards can be a bit confusing, but let's break it down.

The annual fee for the SimplySAVE SBI Card is a one-time fee of Rs.499 + applicable taxes.

This fee is reversible if you spend more than Rs.1 lakh in a year, which is a great incentive to use your card regularly.

The add-on card fee is nil, which means you can add as many cards as you want without incurring any additional costs.

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However, if you need to withdraw cash, be aware that the cash advance fee is 2.5% or Rs.500, whichever is higher.

If you're running low on funds, be prepared to pay a cash payment fee of Rs.250 + applicable taxes.

The late payment charges are not specified, but it's always a good idea to pay your bills on time to avoid any extra fees.

UCO Bank credit cards have standard fees like finance charges and late payment fees that apply to all cards.

Finance charges are 3.50% monthly, which translates to 42% annually.

Some credit cards may have a joining fee that varies between Rs.300 to Rs. 10,000, depending on the card you choose.

Annual fees are also common, and some cards may reverse the fee if you spend a certain amount in a year.

Here's a breakdown of the fees and charges for the SimplySAVE SBI Card:

To apply for a UCO Bank credit card, you have a few options. You can start by visiting the nearest UCO Bank branch to obtain the relevant application form.

You can also apply through the MyMoneyMantra website, where you'll need to log in and choose the credit card menu. A list of credit cards from different banks will be displayed, along with all the details related to each card.

To apply online, you can also use Paisabazaar, where you'll need to fill in the application form with your mobile number and verify the OTP received on your phone. This will give you access to pre-approved offers.

Once you've selected your preferred credit card, you'll need to submit the required documentation. For existing UCO Bank customers, the application process is simpler and quicker, and they can get pre-approved offers online.

For other customers, the application process is a bit more involved, and they'll need to either apply online or download the application form from the official website. A UCO Bank representative will collect the filled-in application form and necessary documents for verification.

Here's a step-by-step guide to applying for a UCO Bank credit card:

The bank will do a background check on your home and professional information, and if everything checks out, your credit card application will be approved and sent to your registered address.

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The customer support team for UCO Bank credit cards is available 24/7 to assist with any queries or concerns.

You can reach out to them through their toll-free number, 1800 103 1916, or visit their website to submit a request.

UCO Bank credit cardholders can also contact their branch directly to resolve any issues related to their card.

The bank's customer support team is known for being responsive and helpful, with many customers reporting prompt resolutions to their problems.

UCO Bank credit card customers can also access their account information and make payments online through the bank's website or mobile app.

Additionally, the bank offers a dedicated customer support email address, [[email protected]](mailto:[email protected]), for customers who prefer to reach out via email.

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If your credit score is low, your UCO Bank credit card application will be rejected. This is because the bank will pull out your credit score, which is based on how regular you were in paying back your loan or credit card bill.

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Low credit scores are a common reason for credit card rejection in India, affecting many applicants across major banks, including UCO Bank.

Here are the most common reasons for UCO Bank credit card rejection or disapproval:

If you have late payment or discrepancies on your credit report, your credit card application will be rejected. This includes terms like "settled" or "written off", indicating that you have defaulted on your loan or credit card due payment.

The procedure for applying for a UCO Bank credit card is relatively straightforward. You can apply online through the bank's website or by visiting a branch in person.

The bank requires a few documents to process your application, including proof of income, identity, and residence.

To be eligible for a UCO Bank credit card, you typically need to have a minimum income of ₹25,000 per month.

You can choose from a variety of credit card options, including cashback, reward, and travel cards.

The bank's customer service team is available to assist with any questions or concerns you may have about your credit card application or account.

UCO Bank credit cards come with a range of benefits, including insurance coverage, fuel surcharge waivers, and concierge services.

The interest rate on UCO Bank credit cards is typically between 23.75% and 31.75% per annum.

You can pay your credit card bills online, through the bank's mobile app, or by visiting a branch in person.

The bank offers a range of repayment options, including monthly, quarterly, and annual payments.

UCO Bank offers a variety of credit cards to cater to different customer needs.

There are six types of UCO Bank credit cards, each designed to provide benefits for specific customer requirements. These include rewards credit cards, cashback credit cards, lifestyle credit cards, travel credit cards, elite credit cards, and co-branded credit cards.

The bank's SimplySAVE SBI Card offers a cashback of Rs.100 on the first ATM cash withdrawal and 2,000 bonus reward points for spending a minimum of Rs.2,000 within 60 days.

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The UCO Bank Credit Cards have features such as high loan quantum, minimal security requirements, competitive interest rates, and flexible repayment terms. These benefits make it easier for customers to manage their finances and make repayments.

Here are the types of UCO Bank Credit Cards:

UCO Bank offers a range of credit cards that cater to different customer needs, including the SBI Card Elite, SBI Card Prime, and SBI Card SimplySave. These cards offer rewards in various categories such as travel, shopping, and lifestyle.

The SBI Card Elite is best for high spenders, offering premium benefits in travel, dining, and lifestyle. It earns 2 Reward Points per Rs 100 on all other spends, except fuel, and 5X Reward Points on Departmental Stores, Dining, and Grocery spends.

The SBI Card Prime is ideal for those seeking balanced benefits across entertainment and shopping categories. It earns 2 Reward Points per Rs 100 on all other spends, except fuel, and 10 Reward Points per Rs 100 spent on Dining, Movies, Departmental Stores, and Grocery spends.

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The SBI Card SimplySave is suited for routine expenses, offering increased points on daily spending like groceries and dining. It earns 1 Reward Point per Rs.100 spent on all other spends, and 10 Reward Points per Rs.100 spent on Dining, Movies, Departmental Stores, and Grocery spends.

Here's a brief comparison of the top UCO Bank credit cards:

The SBI Card SimplySave also offers a cashback of Rs.100 on the first ATM cash withdrawal within 30 days of receiving the card. Additionally, spending a minimum of Rs.2,000 on the card within 60 days from the date of issuance earns 2,000 bonus reward points.

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UCO Bank Credit Cards cater to different customer needs, offering various types of cards to suit individual requirements. There are six types of credit cards available, including Rewards, Cashback, Lifestyle, Travel, Elite, and Co-branded cards.

Rewards credit cards provide high reward points for online shopping, redeemable as cashback or gifts. Cashback cards offer discounts on grocery bills, increasing with higher bills. Lifestyle credit cards give benefits for dining, movie tickets, and other experience-oriented services.

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Some credit cards are designed for specific brands, like co-branded cards that offer 10% cash back for shopping at Lifestyle. Travel credit cards give more rewards or cash back for train tickets booked on IRCTC websites.

Elite credit cards have high annual and joining fees with premium benefits, including lounge access and exclusive membership. UCO Bank's credit cards offer rewards in categories such as travel, shopping, and lifestyle.

Here are the top UCO Bank Credit Cards:

The features and benefits of UCO Bank Credit Cards include multi-purpose cards for customers from various sectors, high loan quantum of up to Rs.10 lakhs, and minimal security requirements.