IndusInd Bank Duo Plus Credit Card

Welcome to our comprehensive guide on the IndusInd Bank Duo Plus Credit Card. In this review, we’ll delve into the various aspects of this credit card, shedding light on its key features, benefits, and how it can help you manage your finances more efficiently. Whether you’re a seasoned credit card user or new to the world of plastic money, this review will provide valuable insights to help you make an informed decision. Let’s begin our journey into the world of the IndusInd Bank Duo Plus Credit Card.

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IndusInd Bank Duo Plus Credit Card

IndusInd Bank has introduced a unique two-chip card, combining both credit and debit card functionalities. This innovative card features two magnetic stripes and two EMV chips, allowing it to serve as both a credit and a debit card. It offers a range of attractive offers in categories such as entertainment, travel, and lifestyle. The card is available for a nominal joining fee of Rs.249.

Key Highlights of IndusInd Bank Duo Plus Credit Card:

  • Enjoy an annual benefit of Rs.3,000 worth of movie tickets.
  • Receive a 1% fuel surcharge waiver on transactions ranging from Rs.400 to Rs.4,000.
  • Avail a 2% cross-currency markup benefit.
  • Benefit from zero annual fees.

Features and Benefits of IndusInd Bank Duo Plus Credit Card

1. Entertainment Benefits:

  • Annual movie ticket worth Rs.3,000.

2. Fuel Benefits:

  • Fuel surcharge waiver of 1% on transactions between Rs.400 and Rs.4,000.

3. Foreign Currency Markup:

  • Cross Currency Mark-up of 2%.

4. Travel Benefits:

  • Access to a maximum of 8 lounge visits per year (with a value of $27 each).

5. Reward Point Benefits:

  • Earn 1 reward point for every Rs.150 spent on the IndusInd Bank Duo Card.

6. Insurance Benefits:

  • Lost Card Liability: Rs.3,00,000
  • Air Accident Insurance: Rs.25,00,000
  • Personal Accident Insurance: Rs.2,00,000
  • Purchase Protection: Rs.50,000

7. Concierge Benefits:

  • 24×7 access to concierge assistance for hotel reservations, flight bookings, sports, and entertainment bookings.

IndusInd Bank Duo Plus Credit Card Fees and Charges

1. Fees:

  • Joining Fee: Rs. 1,500
  • Renewal Fee: Rs. 799

2. Best Suited For: Movies

3. Reward Type: Reward Points

4. Welcome Benefits: Gift vouchers worth Rs. 1,000

Eligibility criteria for the IndusInd Bank Duo Plus Credit Card

  • Citizenship: The applicant must be a citizen of India.
  • Age: The minimum age to apply for a credit card is 18 years old.
  • Credit Score: The applicant must have a good credit score of 750 or above with no significant red flags.
  • Stable Income: Must have a stable source of income.

Documents Required for IndusInd Bank Duo Plus Credit Card

  1. For Existing IndusInd Bank Customers (Pre-approved Offer): No need to submit additional documents.
  2. For New Applicants (Required Documents):
  • Identity Proof (Any of the following):
  1. PAN Card
  2. Aadhaar Card
  3. Voter ID
  4. Driving License
  5. Passport
  • Residence Proof (Any of the following):
  1. Aadhaar Card
  2. Voter ID
  3. Driving License
  4. Passport
  5. Utility Bills
  • Income Proof (Depending on Employment Type):
  1. For Salaried Individuals: Latest Salary Slips
  2. For Self-employed Individuals: Last 2-3 ITR & Audited Balance Sheet
  • Last 6-month Bank Statement
  • Form 16
  • IndusInd Bank Credit Card Fees and Charges:
  1. Joining Fees: Rs. 249 + GST
  2. Annual Fees: NIL

How to apply for IndusInd Bank Duo Plus Credit Card

  1. Visit the Official Website: Go to the official website of IndusInd Bank.
  2. Fill Out the Application Form: On the bank’s website, you will find the online application form for the credit card. Complete the form with accurate and required information.
  3. Document Submission: You may be required to upload scanned copies of necessary documents, such as identity proof, address proof, income proof, and passport-sized photographs, as part of the online application process.
  4. Review and Submit: Carefully review the information you’ve entered and the documents you’ve uploaded to ensure accuracy. Once you are satisfied, submit the online application.
  5. Application Processing: The bank will process your application, which may include a credit check and document verification.
  6. Application Status: You can track the status of your application online through the bank’s website or by contacting the bank’s customer service.

Frequently Asked Questions (FAQs) -

The IndusInd Bank Duo Plus Credit Card is a unique credit card that offers both credit and debit card functionalities on a single card. It combines the features of two cards into one, providing convenience and flexibility for your financial transactions.

This credit card operates as a hybrid card, allowing you to use it as both a credit card and a debit card. You can switch between credit and debit mode as per your preference and financial needs.

  • Dual functionality: Credit and debit card in one.
  • Reward points on both credit and debit transactions.
  • Comprehensive insurance coverage.
  • Contactless payment technology.
  • Access to airport lounges.
  • Special discounts and offers on partner merchants.

Yes, you have the flexibility to set different credit and debit limits based on your preferences and financial requirements. This allows you to manage your spending effectively.

You can easily switch between credit and debit mode using the IndusInd Bank mobile app or internet banking. The process is user-friendly and can be done in a few simple steps.

The eligibility criteria may vary, and it’s advisable to check with IndusInd Bank for the most up-to-date information. Generally, it depends on factors such as your income, credit score, and other financial parameters.

You can apply for the Duo Plus Credit Card online through the IndusInd Bank website or by visiting a nearby branch. The application process typically involves providing necessary documents and meeting the eligibility criteria.

The annual fee and other charges associated with the Duo Plus Credit Card may vary. It’s recommended to refer to the latest fee schedule provided by IndusInd Bank or contact their customer service for accurate and up-to-date information.

The Duo Plus Credit Card comes with advanced security features, including EMV chip technology, PIN protection, and secure online transactions. IndusInd Bank employs robust security measures to safeguard your financial information.

You can redeem the reward points through the IndusInd Bank rewards program. The redemption options may include merchandise, vouchers, travel bookings, and more. Check the rewards catalog for the latest offerings and redemption details.