Induslnd bank commenced operations on 17th April 1994 and offers several banking products across 2,015 branches in 760 Indian locations. The bank headquarters is in Mumbai and has offices in London, Dubai, and Abu Dhabi. The bank extensively grants loans to various customers ranging from industry-oriented loans to personal loans. The bank’s wholesale/corporate segments lend money and take deposits from retail and institutional customers. However, one area of Induslnd bank that grew the fastest was credit card sales. Induslnd bank issues several credit cards for categories like travel, shopping, rewards, movies, and many more.
Different types of Induslnd Credit Card
Induslnd bank issues more than 10 types of credit cards to its customers. However, its premium credit card has a Forbes rating of 4 stars. We will discuss the different types of Induslnd bank credit cards.
Induslnd Bank Platinum Credit Card
This card offers a variety of benefits for travel and lifestyle. This card is packed with exciting reward programs and features for people who enjoy maintaining an extensive lifestyle.
Features of the IndusInd Bank Platinum Credit Card
Lifestyle benefits: You can enjoy free money ticket offers on the Bookmyshow application and website. The cardholder will receive a ‘Buy one, get one free’ ticket monthly. Moreover, the cardholder can enjoy two tickets free every month if the price is under Rs. 200.
Welcome benefits: You will receive vouchers from EazyDiner with Luxe Gift card access. You will receive several vouchers for various brands as a welcome gift. You will receive a waiver of 1% on your fuel surcharge if the amount is higher than Rs. 400 and below Rs. 4,000.
Insurance protection: Your card will be secured by the Induslnd bank against any unauthorised transaction done after you lose your card. The bank insures your card 48 hours before the reporting of the loss.
Travel insurance:
- Get insurance of Rs 25 Lakhs against personal air accident
- Get insurance of Rs 1 lakh against lost baggage
- Get insurance of Rs 25,000 against delayed baggage
- Get insurance of Rs 50,000 against losing passport
- Get Insurance of Rs 25,000 against losing tickets
- Get insurance of Rs 25,000 against losing connection
Induslnd Bank Platinum Credit Card Credit Limit:
Your credit limit will be dependent on your income, credit history (CIBIL score), repaying capacity, and other parameters. You will be provided with this information during the issuing of your card.
Induslnd Bank Platinum Credit Card Reward points
You will earn 1.5 reward points on every Rs 150 spent on the card. However, you will receive no rewards points on your fuel transactions.
Induslnd Bank Platinum Credit Card Fees and Charges
Joining fees: Rs. 3,000
Annual fees: Nil
Interest charges: 3.83% Pm
Cash withdrawal charges: 2.5% on the withdrawn amount or Rs. 300, whichever is higher
Add-on credit card fee: Nil
Charges on late payments:
- Upto Rs. 100 – Nil
- From Rs. 101 to Rs. 500 – Rs. 100
- From Rs. 501 to Rs. 1,000 – Rs. 350
- From Rs. 1,001 to Rs. 10,000 – Rs. 550
- From Rs. 10,001 to Rs. 25,000 – Rs. 800
- From Rs. 25,001 to Rs. 50,000 – Rs. 1,100
- From Rs. 50,000 and above – Rs. 1,300
Charges on over limit: 2.5% of the overlimit amount, limited to Rs. 500
Induslnd Bank Signature Legend Credit Card
This card provides luxurious benefits like golf, travel, and lifestyle benefits. Moreover, this card is equipped with the Visa payWave feature that allows ‘tap and pay’ at any epos during in-store purchases.
Features of the IndusInd Bank Signature Legend Credit Card
You will receive an annual statement of your credit account. Moreover, you will earn 1 reward point for every Rs. 100 spent on your card on working days.
You will receive on-road assistance such as roadside vehicle repair, emergency supply of fuel, tyre-changing services, towing assistance, or medical assistance. Moreover, you can enjoy a waiver of 1% on fuel surcharges at any Indian fuel station.
You will receive monthly one golf lesson and a chance to play at a selected gold court. Moreover, you can get three Bookmyshow movie tickets worth Rs. 200 monthly on a buy-one-get-one basis. Moreover, you will earn two reward points on every Rs. 100 spent on your card on weekends.
Your card will be secured by the Induslnd Bank against any unauthorised transaction done after you lose your card. The bank insures your card 48 hours before the reporting of the loss. There is travel insurance rendered through this card. These insurances have been stated below:
- Get insurance of Rs 25 Lakhs against personal air accident
- Get insurance of Rs 1 lakh against lost baggage
- Get insurance of Rs 25,000 against delayed baggage
- Get insurance of Rs 50,000 against losing passport
- Get Insurance of Rs 25,000 against losing tickets
- Get insurance of Rs 25,000 against losing connection
Induslnd Bank Signature Legend Credit Card fee and charges:
Fees of joining: Rs. 5,000
Yearly fees: Zero
Interest charge: 3.83% Monthly or 46% yearly
Charges on Late Payments:
- Upto Rs. 100 – Nil
- From Rs. 101 to Rs. 500 – Rs. 100
- From Rs. 501 to Rs. 1,000 – Rs. 350
- From Rs. 1,001 to Rs. 10,000 – Rs. 550
- From Rs. 10,001 to Rs. 25,000 – Rs. 800
- From Rs. 25,001 to Rs. 50,000 – Rs. 1,100
- From Rs. 50,000 and above – Rs. 1,300
Charges on over limit: 2.5% of the overlimit amount, limited to Rs. 500
Induslnd Bank Signature Credit Card
This card hopes to provide refined lifestyle experiences by offering complimentary lifestyle and business activities that help you enjoy travel, shopping, dining, hospitality, and other experiences.
Features on the IndusInd Bank Signature Credit Card
- Provides best hotel experiences by allowing various check-in at Oberoi Hotels
- Provides access to 600 airport lounges across the globe
- Provides various discounts through bon Vivant on your food bills
- You will receive Bookmyshow buy-one-get-one offer
- You will receive monthly one golf lesson and a chance to play at a selected gold court
- You will receive travel concierge who will help you during pre-trip planning to elevate your travel experience
- You will receive on-road assistance such as roadside vehicle repair, emergency supply of fuel, tyre-changing services, towing assistance, or medical assistance. Moreover, you can enjoy a waiver of 1% on fuel surcharges at any Indian fuel station.
- You will receive ICICI Lombard travel insurance cover for lost baggage, delayed baggage, loss of passport, loss of tickets and connection. Moreover, you will receive a cover of Rs. 25,00,00 for personal air accidents.
Induslnd Bank Signature Credit Card fees and costs
Fees of joining: Rs. 50,000
Annual fees: zero
Fees for Add-on: zero
Interest-free period: 50 days, if the previous account is settled
Cash advances fee: 2.5% of the withdrew amount or Rs. 300, whichever is minimum
Charges on Late Payments:
- Upto Rs. 100 – Nil
- From Rs. 101 to Rs. 500 – Rs. 100
- From Rs. 501 to Rs. 1,000 – Rs. 350
- From Rs. 1,001 to Rs. 10,000 – Rs. 550
- From Rs. 10,001 to Rs. 25,000 – Rs. 800
- From Rs. 25,001 to Rs. 50,000 – Rs. 1,100
- From Rs. 50,000 and above – Rs. 1,300
Induslnd Bank Credit Card eligibility
The eligibility for an Induslnd Bank credit card varies as the card caters to the various customers’ needs. However, to know whether you are eligible to apply for a credit card, you should compare your income to expense ratio and your CIBIL score. If your Income to CIBIL score is higher than 600, then you can apply for several credit cards.
However, some common criteria to apply for any credit card is:
- You should be a resident of India
- You should be above 18 and below 65 years of age
- You need to have a strong CIBIL score
What are the documents required while applying for an Induslnd Bank Credit card?
- Address proof: Aadhaar Card, passport
- Identity proof: Passport-size photo, Aadhaar Card and passport
- Income proof: Salary slip or ITR (Business)
- Add-on card application form
- Dispute form
- Auto Debit (Standing order) mandatory form
- Electronic clearing service mandatory form
How to apply for an Induslnd Bank Credit card?
- Select your desired card and check your eligibility.
- Establish your eligibility for your desired card by answering the questions asked.
- Fill in the necessary field on the Induslnd Bank credit card application page and press submit.
- Upload all the mentioned and asked documents and press submit.
- You will receive an application ID number to track your application.
Summary of reward points offered by various Induslnd credit cards
| Induslnd bank Credit Card | Reward points | Bonus points for every Rs. 100 |
| Induslnd Bank Platinum Card | 1.5 reward points on every Rs.100 spent | |
| Induslnd Bank Legend Credit Card |
|
If you spend 6 lakhs within a year of issuance, you will receive 4,000 points |
| Induslnd bank Platinum Aura Edge Credit Card |
|
|
| Induslnd Bank Signature Visa Credit Card | 1.5 reward points on spending Rs. 100 | |
| Induslnd Bank Duo Card
Debit-cum-credit card |
1 reward point on spending Rs. 150 | |
| Induslnd bank Crest Credit Card |
|
|
| Induslnd Bank Pioneer Heritage Credit Card |
|
|
| Induslnd Bank Pioneer Legacy Credit Card | 1.5 reward points on spending Rs. 100 |
FAQs
How many add-ons can I get on Induslnd Credit Card?
You will get a maximum of five add-ons on your Induslnd Credit card.
Where can I check my credit card statement?
You can visit the Induslnd portal to view and download your credit card statement.
How can I check my credit outstanding balance?
You can visit the Induslnd bank website and click on ‘check the balance on your credit card’.
Can I apply for loans using my credit card?
Yes, you can, but it will depend on your CIBIL score and outstanding credit limits.
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