Union Uni Carbon Credit Card Review

Union Uni Carbon Credit Card Review

Union Bank of India has launched a fuel credit card ‘Uni Carbon’ that offers 5.5% cashback on fuel spends. The Uni Carbon credit card is issued in partnership with HPCL on the Rupay platform. The card offers good rewards for fuel transactions and can be useful for high fuel expenses. Here is a review of the Union Uni Carbon credit card.


Joining/Annual Fee & Waiver

Uni Carbon credit card comes with a joining/annual fee of Rs 499 plus GST. We get a Rs 300 statement credit as a welcome benefit. For this, we need to make a fuel purchase of at least Rs 300 at an HPCL outlet within 60 days.

From the 2nd year onwards, the annual fees are waived on spends of Rs 1 Lakh.

Applications for this card have to be submitted in the branches. 🙂

Joining FeeRs 499 plus GST
Welcome BenefitRs 300 statement credit
Annual FeeRs 499 plus GST
Annual Fee WaiverSpend Rs 1 Lakh in a membership year
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Uni Carbon credit card provides rewards that can be redeemed as cashback. As this is a fuel credit card, the rewards are higher on fuel purchases and nominal on other purchases.

This card is more suitable for two-wheeler fuel requirements as:

  • Fuel transaction cap for rewards is set to Rs 500
  • The monthly cap of Rs 150 means we can use the card for fuel for up to Rs 3750 each month

The non-fuel spend reward rate should have been at least 1%. The 0.5% is too less.

Fuel Spends at HPCL outlets16 rewards per Rs 100 for a transaction value of Rs.500 and above. Max Cap of Rs 150 per billing cycle.4%
Fuel Spends with HP Pay App6 Payback points on HP Pay App1.5%
Non-Fuel Spends2 rewards for every Rs 1000.5%
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Milestone Rewards

There are milestone awards on reaching target spending as well. But, it is nothing great and there is no incentive for spending more than 1L for the fee waiver.

Annual SpendsCumulative Additional Reward PointsValueAdditional Return in %
Rs 1,25,000500Rs 1250.1%
Rs 1,50,0001100Rs 2750.18%
Rs 1,75,0001800Rs 4500.26%
Rs 2,00,0002600Rs 6500.33%

Fuel Surcharge Waiver

Uni Carbon credit card offers a 1% fuel surcharge over and above the rewards. This is in line with what other credit cards offer.

The good thing is there is no upper cap on the transaction for fuel surcharge waiver and that it is over and above the regular rewards.

Pros and Cons


  • 5.5% cashback on fuel spends with HP Pay
  • Low annual fee and fee waiver criteria
  • Option to redeem rewards as a statement credit


  • Cap on max fuel rewards for each transaction
  • A low monthly cap of Rs 150 for fuel purchase rewards
  • Only 0.5% rewards on non-fuel spends
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Return on Spends Calculator

Final Thoughts

When used for both fuel and non-fuel spending, the reward rate for the Uni Carbon card is around 1% to 2.5%. While this is decent for its segment, we can get that kind of return with Axis Ace as well. That too, without any kind of caps and calculations. So, not much of a selling point here. 🙂

I would have liked to see a higher cap for fuel rewards which would have made this card more attractive. The annual fee waiver is at Rs 1 Lakh while rewarded fuel spends capped at Rs 45000. This means we will end up diverting our spending from other cards without any extra benefit.

If you are still looking for credit cards that offer good rewards on fuel spends, then do check out this list.

Union Uni Carbon Credit Card


Joining / Annual Fees
Features and Benefits

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