Indian Bank Credit Card

Indian Bank stands as one of India’s prominent nationalized banks, presenting a diverse selection of credit cards to accommodate various requirements and financial objectives across different categories. Indian Bank’s credit cards facilitate effortless global transactions with low-interest rates. By applying for an Indian Bank Credit Card online, you gain access to exclusive rewards and advantages, including reduced interest loans, complimentary insurance coverage, and a plethora of benefits with every transaction.

Features and Benefits of Indian Bank Credit Card

The Indian Bank Credit Card offers several features and benefits:

  1. Zero Annual Fee: Indian Bank Credit Cards do not have any annual or renewal fees.
  2. Worldwide Acceptance: These cards are accepted at over 1.5 lakh Indian merchants and over 30 million global VISA-accepting merchants. The Bharat card is exclusively for use within India.
  3. Rewards and Cash Back: You earn 50 paisa for every Rs. 100 spent on the card, and you can redeem rewards with a minimum collection of Rs. 500. These rewards can be converted into cash back credited to your bank account.
  4. Interest-free Credit Period: Enjoy an interest-free period of 15 to 45 days on your purchases by paying your bills in full.
  5. Revolving Credit: You can choose to pay only the minimum due or make a partial payment, carrying forward the remainder with low interest charges. The interest is provisionally calculated and refunded upon full payment.
  6. Comprehensive Insurance Scheme: Indian Bank Credit Cards offer free insurance covering life and accident insurance, hospitalization, lost luggage, and purchase protection.
  7. Cash Advance: Access cash from over 5,500 VISA ATMs in India and 800,000 VISA ATMs globally with your credit card.
  8. Add-on Cards: You can share the benefits with your family by getting up to 4 supplementary credit cards.

Indian Bank Credit Card Fees and Charges

The fees and charges associated with Indian Bank Credit Cards can vary depending on the specific card type and the terms and conditions at the time of application. However, here are some common fees and charges that you may encounter with Indian Bank Credit Cards:

  1. Annual Fee: The annual fee is the cost you pay each year for holding the credit card. The amount can vary based on the card type and features, but it is often in the range of Rs. 500 to Rs. 5,000.
  2. Late Payment Fee: This fee is charged when you do not make the minimum payment on time. The late payment fee is typically around Rs. 300 to Rs. 600.
  3. Interest Charges: Interest is applied to the outstanding balance if you do not pay the full amount by the due date. The interest rate can vary and is usually expressed as an annual percentage rate (APR).
  4. Cash Advance Fee: When you withdraw cash from an ATM using your credit card, a cash advance fee is charged, often around 2.5% to 3% of the transaction amount.
  5. Over-limit Fee: If you exceed your credit limit, you may incur an over-limit fee, typically around Rs. 500.
  6. Foreign Transaction Fee: When you use your credit card for transactions in foreign currencies, a foreign transaction fee is applied, usually around 3.5% of the transaction amount.
  7. Card Replacement Fee: If you need to replace a lost or stolen card, a card replacement fee may be charged, which is typically around Rs. 100 to Rs. 200.
  8. Statement Duplication Fee: If you request duplicate statements, you may be charged a fee, often around Rs. 100 per statement.
  9. Return Payment Fee: If your payment is returned for insufficient funds, a return payment fee may be imposed, typically around Rs. 300 to Rs. 500.
  10. Cheque Bounce Fee: If your cheque for credit card payment bounces, a fee is charged, usually around Rs. 300 to Rs. 500.

Indian Bank Credit Card Eligibility Criteria

Here are essential criteria for applying for an Indian Bank Credit Card:

  1. Age: Applicants must be between 21 to 65 years old.
  2. Interest-Free Period: Cardholders can enjoy an interest-free period of up to 50 days for their purchases.
  3. Employment: The credit card is available to both salaried individuals and self-employed individuals.
  4. ATM Cash Withdrawal Charges: When using the card for ATM cash withdrawals, a fee of 2.50% of the withdrawn amount or Rs. 250, whichever is higher, is applicable.

Documents Required for Indian Bank Credit Card

To apply for the Indian Bank Credit Card, you must provide the following documents:

1. Identity Proof:

  • Aadhar Card
  • Passport
  • Voter ID
  • Driver’s License
  • PAN (Permanent Account Number) Card

2. Address Proof:

  • Aadhar Card
  • Passport
  • Voter ID
  • Driver’s License
  • Utility bills (electricity, water, gas) in your name
  • Rent agreement

3. Income Proof:

  • Salary slips (for salaried individuals)
  • Income tax returns or Form 16 (for self-employed individuals)
  • Bank statements
  • Latest IT Assessment Order

4. Passport-sized Photographs: You may need to provide passport-sized photographs as per the bank’s requirements.

5. PAN (Permanent Account Number) Card: This is usually mandatory for credit card applications in India.

6. Duly Filled Application Form: You’ll need to complete the credit card application form provided by Indian Bank.

How To Apply for Indian Bank Credit Card

To apply for an Indian Bank Credit Card, follow these steps:

  1. Visit the Indian Bank’s official website: Start by visiting the Indian Bank’s official website (www.indianbank.in).
  2. Explore Credit Card Options: Browse through the available credit card options to find the one that best suits your needs and preferences. Consider factors like rewards, annual fees, interest rates, and credit limits.
  3. Check Eligibility: Review the eligibility criteria for the specific credit card you’re interested in. Eligibility requirements may vary based on the type of card and your financial profile.
  4. Prepare Documents: Gather the necessary documents, which typically include proof of identity, proof of address, income proof, and recent passport-size photographs. These documents may include your Aadhaar card, PAN card, utility bills, bank statements, and salary slips, among others.
  5. Fill Out the Application: Fill out the online credit card application form on the Indian Bank website. Provide accurate and complete information as requested.
  6. Submit the Application: Once you’ve filled out the application form, review the details to ensure accuracy. Then, submit the application online.
  7. Verification and Documentation: After receiving your application, Indian Bank will verify your information and documents. They may contact you for any additional details or documents if required.
  8. Approval and Card Delivery: If your application is approved, you will receive your Indian Bank Credit Card by mail to the address you provided in your application.
  9. Activate Your Card: Once you receive your credit card, follow the activation instructions provided with the card. Typically, this involves calling a toll-free number or activating the card online.

List of Indian Bank Credit Card

Here are some of the credit cards offered by Indian Bank:

  1. Indian Bank SBI Platinum Credit Card
  2. Indian Bank SBI Gold & More Credit Card
  3. Indian Bank SBI SimplySAVE Credit Card
  4. Indian Bank SBI SimplyCLICK Credit Card
  5. Indian Bank SBI Prime Credit Card
  6. Indian Bank SBI Elite Credit Card
  7. Indian Bank SBI Advantage Gold & More Card
  8. Indian Bank Unnati Credit Card (for SBI customers)
  9. Indian Bank Central Travel Account Card
  10. Indian Bank FBB SBI StyleUp Credit Card