• Union Bank Mapfre Insular Visa Card

    Union Bank Mapfre Insular Visa Card
    Credit Card
    Annual Fee
    Reward type
    Union Bank Mapfre Insular Visa Card
    Annual Fee:
    P1,500
    Reward type:
    Insurance

    The UnionBank Mapfre Insular Visa Card is a Gas/Auto credit card that lets the cardholder enjoy enjoy rebates and exclusive privileges on gas prices.

    Features and Benefits

    The general features and benefits that accompany a UnionBank credit card are:

    • Installment Program
    • Auto-charge Facility
    • Discount Program
    • Rewards Program
    • Auto-insurance Installment Plan
    • Credit Life Insurance
    • Unlimited Number of Supplementary Card
    • Payment Convenience
    • Flexible Monthly Payment
    • Longer Credit Terms
    • Cash Advance Facility
    • 24x7 Customer Service
    • Email Statement of Account
    • Account Access

    Rewards

    A cardholder can earn 1 Privilege Point by spending P35 on their Union Bank Mapfre Insular Visa Card.

    The cardholder has the following options for points redemption:

    • Regular Points Option: Get an item/product by spending accumulated Privilege Points corresponding to that item from a list of available options.
    • Fast Track Option: Receive an item by accumulating the requisite number of Privilege Points and charging the specified Cash requirement to the UnionBank Credit Card.

    Redemption can be made online or via UnionBank Customer Service.

    Insurance Offered

    Credit Life Insurance (U-Protect/U-Secure):

    • Pays the outstanding balance on Union Bank Mapfre Insular Visa Card in an event of untimely death or disability of the cardholder.
    • Pays minimum monthly payment of 5% of the outstanding balance or P500, whichever is higher, while the cardholder is temporarily disabled.
    • Pays outstanding card balance up to P400,000 for death due to illness or accident.
    • Pays outstanding card balance up to P400,000 for total permanent disability.

    Supplementary Cards

    Supplementary cards are offered by UnionBank for a cardholder’s family and friends. A cardholder can share the benefits of their Union Bank Mapfre Insular Visa Credit Card to as many people as they want, who are at least 14 years old.

    Eligibility Criteria

    • 18 to 60 years old in age.
    • Gross annual income of P600,000 minimum.
    • A business or residential landline phone.
    • Employed/practicing a profession/owning a business for at least 1 year.

    Documents Required

    • Copy of 2 valid IDs with picture & signature along with 3 signature specimens.
    • Proof of Income:
      • If fixed salary earner: BIR form 2316(W-2).
      • If self-employed:
        • Income Tax Return form 1701 or form 1702 with BIR or bank stamp.
        • Business Name Registration Certificate from the Department of Trade and Industry.
    • Proof of Billing Address (only required if outside Metro Manila) – latest statement.

    Fees and Charges

    Principal Card Annual Fee

    P1,500.

    Supplementary Card Annual Fee

    P750.

    Interest Charge

    3.5% Monthly Effective Interest Rate (EIR) of computed on the average daily balance.

    Late Payment Charge

    6% of the minimum amount due or P500, whichever higher.

    Cash Advance Service Fee

      • 6% of the amount transacted or P300, whichever is higher.

      • An additional fee of P500 per transaction over-the-counter.

    Cash Advance Interest Charge

    3.5% p.m. on each cash advance from the date the advance is availed, till the date of full repayment.

    Overlimit Fee

    P500.

    Card Replacement Fee

    P400 for each replaced card.

    Sales Slip Retrieval Fee

    P200 for each transaction slip request.

    Returned Check Fee

    P1,000 for each returned check.

    Dispute Fee

    P1000 for each invalid dispute case.

    Refund Fee

    P50 to cover the processing cost of a refund request as a result of the cardholder's overpayment.

    Pre-Termination Fee

    P500 or 5% of the remaining principal balance, whichever higher.

    Foreign Currency Transaction Service Fee

      • Charges made in any currency besides Philippine Peso automatically gets converted to Philippine Peso at the prevailing exchange rate selected by Mastercard or Visa International.

      • A 2% fee is added as processing charge to cover the cost of foreign currency transactions.

    How to apply for Union Bank Mapfre Insular Visa Card

    An applicant can apply for this UnionBank credit card via the following channels:

    • By filling out an online application form.
    • Downloading application form and faxing it to (02) 636-6256.
    • Visiting the nearest UnionBank branch.

    For further information regarding the application process, an applicant can call UnionBank’s Customer Service Hotline at (02) 841-8600 or Domestic Toll Free 1-800-1888-2277.

    Lost/Stolen Card Liabilities

    To report a lost/stolen credit card - In the event that a Union Bank Mapfre Insular Visa Card is lost or stolen, the cardholder has to immediately report the loss to the bank by calling

    • 24-hour Customer Service Center at telephone number (632) 8418600 if in Metro Manila
    • Domestic Toll Free number 1-800-1888-2277 outside Metro Manila.
    • Universal Toll Free number IAC+800-8277-2273 (USA, Spain, Netherlands, Malaysia, Singapore, Korea-Koreatel, Switzerland, Israel, Australia, Japan, Koreal-onse,) outside Philippines.

    Lost/stolen card liabilities - The Lost Card Protection feature frees the cardholder from any financial liability in case the card is used for fraudulent purposes. The protection, however,  is applicable only from the time the loss was reported to the Bank. UnionBank charges a Lost Card Replacement Fee of P400 towards processing fee of the replacement card.


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