Union Unicorn Rupay Credit Card

Who Unicorn is for

Unicorn is for a Union Bank customer who puts ₹20,000 or more a month on one card, wants lounge access and UPI on the same RuPay card, and will use shopping vouchers. If you spend less than that, or mostly on fuel, jewellery or insurance, it costs too much for what it returns.

It sits in the middle of Union Bank's RuPay range, well below the ₹12,499 NEXTERIA Credit Card. Older listings show Unicorn at ₹499. That is wrong. It costs ₹2,400 + GST to join and each year, about ₹2,830 all in.

The 5X rule, and the question to ask first

Unicorn earns 4 reward points per ₹100 on eligible spends. In any month you spend ₹20,000 or more, the month earns 5X. Your birthday month earns 5X too.

What Union Bank does not spell out is whether 5X covers the whole month or only spends above ₹20,000, and whether it means 20 points per ₹100. The difference is large. Union does not state Unicorn's point value either; on its other cards a point is worth ₹0.25, so we use that here as a working figure.

At ₹20,000 a month:

• If 5X covers the whole month at 20 points per ₹100, you earn 4,000 points a month, about ₹1,000. Over a year, with two milestones, roughly ₹13,000.
• If 5X only applies above ₹20,000, you earn 800 points a month at the base rate, about ₹200. Over a year, with milestones, roughly ₹3,400.

Ask the branch which it is, in writing, before you apply.

Caps and exclusions

• Monthly cap: 10,000 points per customer ID, milestones excluded. At 20 points per ₹100, you would hit it at ₹50,000 in a month.
• Milestones: 2,000 points each time your yearly spend crosses ₹1 lakh, ₹2 lakh, ₹3 lakh, ₹4 lakh and ₹5 lakh, up to 10,000 a year.
• Excluded: fuel, jewellery, cash withdrawals, bitcoin, wallet loads, alcohol and wine shops, and insurance earn nothing.

Lounges, vouchers and the welcome bonus

You get 8 domestic and 2 international lounge visits a year, listed via Priority Pass. Ask how access is issued, since that is unusual on a RuPay card. There are quarterly Myntra, BigBasket and Nykaa vouchers, with values not stated in our data, and ₹250 off BookMyShow once a month. New holders get 4,000 points for spending ₹10,000 in the first 30 days, plus 3 months of Swiggy One.

On the fee, one user reports it is waived if you spend ₹1 lakh within 90 days of activation. That is not in our bank data, so confirm it.

What users say so far

Very little. We found two Reddit threads about the card and no detailed review. One user thinks the shopping benefits alone outweigh the ₹2,400 fee. Applying is likely the usual Union Bank branch process with paper forms.

When Unicorn pays off, and when it does not

Yes, if you reliably cross ₹20,000 a month on eligible spends, the 5X turns out to cover the whole month, and you will use the lounges and vouchers. Then it returns far more than its fee.

No, if your spend is under ₹15,000 a month. The Union Bank Divaa Credit Card gives similar lounge access for ₹499.

Credit Card Information Compiled by: Abhijeet Kumar | Reviewed by: Anmol Ratan Sachdeva