IndusInd Bank Platinum Credit Card

The IndusInd Bank Platinum Credit Card stands out as a multifaceted financial instrument meticulously crafted to meet the varied requirements and inclinations of its users. Offering a blend of convenience and rewards, this card provides access to a world of privileges. Cardholders can enjoy features like a competitive credit limit, interest-free period, and the flexibility to convert high-value purchases into manageable EMIs. It also rewards users with loyalty points for every transaction, which can be redeemed for a variety of benefits. With dining discounts, fuel surcharge waivers, and travel perks, the Platinum Credit Card enhances the lifestyle of its users. Its global acceptance, contactless payment option, and advanced security features make it a valuable addition to any wallet, empowering individuals with financial freedom and a range of exclusive advantages.

Key Highlights of IndusInd Bank Platinum Credit Card:

  • Card Type: Mid-level
  • Ideal for: Dining and Lifestyle Enthusiasts
  • Joining Fee: Rs. 3,000 (Waived if applied via Paisabazaar)
  • Renewal Fee: Nil
  • Minimum Income Requirement: Rs. 25,000 per month
  • Highlight Feature: Earn 1.5 reward points for every Rs. 150 spent, making it a rewarding choice for your everyday expenses.

Features and Benefits of IndusInd Bank Platinum Credit Card

The IndusInd Bank Platinum Credit Card presents an array of perks and advantages finely crafted to suit the monetary and lifestyle requisites of its users. Here are the key features and benefits of the IndusInd Bank Platinum Credit Card:

  1. Welcome Benefits: Enjoy attractive welcome benefits, which may include discounts, vouchers, or rewards upon card activation.
  2. Credit Limit: Receive a competitive credit limit that allows you to make substantial purchases and manage your expenses effectively.
  3. Interest-Free Period: Benefit from an interest-free period, typically ranging from 20 to 50 days, on your credit card transactions when you pay the outstanding balance in full by the due date.
  4. Reward Points: Earn reward points for every eligible transaction made using the card. Accumulated reward points can be redeemed for a variety of options, including merchandise, gift vouchers, and travel bookings.
  5. Fuel Surcharge Waiver: Enjoy fuel surcharge waivers at select fuel stations, helping you save on fuel expenses.
  6. Dining Privileges: Access dining discounts and offers at partner restaurants, making dining out more enjoyable and cost-effective.
  7. Travel Benefits: Depending on the specific Platinum Credit Card variant, you may receive travel-related perks such as airport lounge access, travel insurance coverage, and discounts on flight and hotel bookings.
  8. Cash Withdrawals: Use your credit card to withdraw cash from ATMs, providing you with emergency funds when needed. However, keep in mind that cash withdrawals often come with associated fees and interest charges.
  9. EMI Conversion: Convert high-value purchases into convenient Equated Monthly Installments (EMIs) to manage repayments more comfortably.
  10. Global Acceptance: This card is embraced globally, recognized in India as well as overseas, facilitating seamless transactions and travel across international borders.
  11. Contactless Payments: Enjoy the convenience and security of contactless payments, allowing you to make transactions quickly and securely without physical contact with the card reader.
  12. Secure Transactions: The card comes with advanced security features, including EMV chip technology and SMS alerts for transactions, to protect against fraudulent activities.
  13. Zero Annual Fee: Some variants of the IndusInd Bank Platinum Credit Card may come with zero annual fees, making it a cost-effective choice.
  14. Add-on Cards: You can request additional add-on credit cards for your family members, allowing them to enjoy the benefits and convenience of a credit card under your account.
  15. Bill Payment Facility: Set up automatic bill payments for utility bills and other recurring expenses, ensuring you never miss a due date.
  16. 24/7 Customer Service: Access customer service support around the clock to address any card-related queries or issues.

IndusInd Bank Platinum Credit Card Fees and Charges

1. Joining Fee: Rs. 3,000
2. Annual Fee: Nil
3. Interest Charge: 3.83% per month
4. Cash Withdrawal Charges: 2.5% of the withdrawal amount or Rs. 300, whichever is higher
5. Add-On Credit Card Fee: Nil
6. Late Payment Charges:

  • For outstanding balance up to Rs. 100: Nil
  • For Rs. 101 to Rs. 500: Rs. 100
  • For Rs. 501 to Rs. 1,000: Rs. 350
  • For Rs. 1,001 to Rs. 10,000: Rs. 550
  • For Rs. 10,000 to Rs. 25,000: Rs. 800
  • For Rs. 25,000 to Rs. 50,000: Rs. 1,100
  • Above Rs. 50,000: Rs. 1,300

7. Over Limit Charges: 2.5% of the over-limit amount, subject to a minimum of Rs. 500
8. Cheque Return or Bounce Charges: Rs. 250 per return
9. Foreign Currency Mark-up Fee: 3.5%
10. Cash Payment Fee (Over the Counter): Rs. 100
11. Re-issue of Lost or Stolen Card: Rs. 100
12. Duplicate Statement Request Charge: Each statement beyond the latest three months incurs a charge of Rs. 100.

Eligibility criteria for the IndusInd Bank Platinum Credit Card

  1. Age: To qualify for the card, you must be at least 21 years old and no older than 60 or the retirement age, whichever comes first.
  2. Income: Your monthly income should be a minimum of ₹20,000.
  3. Occupation: The card is open to both salaried individuals and self-employed individuals.
  4. Credit Score: It’s crucial to uphold a strong credit score to meet eligibility requirements.

Documents Required for IndusInd Bank Platinum Credit Card

To apply for the IndusInd Bank Platinum Credit Card, you will typically need to provide several documents to support your application. The specific documentation requirements may vary based on the bank’s policies and your individual circumstances. Here are the common documents usually required when applying for a credit card:

1. Identity Proof:

  • Aadhaar card
  • Passport
  • Voter ID card
  • Driver’s license
  • PAN card (Permanent Account Number)

2. Address Proof:

  • Utility bills (electricity, water, gas)
  • Rental agreement
  • Passport (if not used as identity proof)
  • Voter ID card (if not used as identity proof)
  • Driver’s license (if not used as identity proof)
  • Bank account statement

3. Income Proof (For Salaried Individuals):

  • Salary slips for the last few months
  • Bank statements showing regular income credits
  • Acknowledging either Form 16 or Income Tax Returns (ITR) is essential for tax compliance.

4. Income Proof (For Self-Employed Individuals/Business Owners):

  • Business ownership documents (e.g., partnership deed, certificate of incorporation)
  • Business financial statements (profit and loss statement, balance sheet)
  • Tax filings spanning recent years

How to apply for IndusInd Bank Platinum Credit Card

Getting the IndusInd Bank Platinum Visa Credit Card is a simple and easy procedure:

  1. Visit the official IndusInd Bank website.
  2. Navigate to the “Products” section and select “Cards.”
  3. Choose the “Credit Card” category.
  4. Locate and select the “Platinum Visa Credit Card.”
  5. Complete the online application form, providing your personal, financial, and employment details.
  6. Submit the necessary documents, including identification proof, address proof, and income proof.
  7. Allow the bank to process your application and conduct a credit check.
  8. Upon approval, the bank will get in touch with you to guide you through the card activation process.
  9. Once activated, you can start enjoying the numerous benefits and rewards offered by the IndusInd Bank Platinum Visa Credit Card.
  10. Alternatively, if you prefer an offline application method, you can visit a nearby IndusInd Bank branch, where you can complete a physical application form to apply for the card.

FAQs:

1. What are the key features of the IndusInd Bank Platinum Credit Card?

  • The IndusInd Bank Platinum Credit Card offers a range of features, including attractive rewards programs, exclusive discounts on dining and shopping, complimentary airport lounge access, and personalized assistance through a dedicated concierge service.

2. How can I apply for the IndusInd Bank Platinum Credit Card?

  • To acquire the IndusInd Bank Platinum Credit Card, you have a few avenues. Firstly, navigate to the official website of IndusInd Bank and submit your application there. Alternatively, pay a visit to a nearby branch or reach out to the customer service helpline for guidance throughout the application procedure.

3. What’s the yearly charge for owning the IndusInd Bank Platinum Credit Card?

  • The cost of owning an IndusInd Bank Platinum Credit Card can fluctuate annually. To ensure you have the most precise and current details, it’s recommended to either visit the bank’s official website or reach out to their customer service directly for the latest fee structure.

4. What perks and advantages does the IndusInd Bank Platinum Credit Card offer?

  • The card offers a variety of rewards, such as reward points on purchases, cashback, and discounts on partner merchants. Additionally, cardholders enjoy complimentary access to airport lounges, insurance coverage, and a dedicated concierge service for personalized assistance.

5. How can I check my IndusInd Bank Platinum Credit Card statement?

  • You can easily check your credit card statement online by logging into your IndusInd Bank net banking account. The bank also provides monthly statements through email, and you can contact the customer service helpline for any assistance related to your statement.

6. Is there a limit on the cash withdrawal using the IndusInd Bank Platinum Credit Card?

  • Yes, there is a cash withdrawal limit on the IndusInd Bank Platinum Credit Card. The limit is usually a percentage of the overall credit limit, and it may vary based on the terms and conditions of the card. Refer to the cardholder agreement or contact customer service for specific details.

7. How do I redeem reward points earned on my IndusInd Bank Platinum Credit Card?

  • You can redeem your reward points through the bank’s rewards redemption portal, which is accessible through the official website. The portal provides options for redeeming points for merchandise, gift vouchers, and other exciting offers.

8. What should I do if my IndusInd Bank Platinum Credit Card is lost or stolen?

  • In case of a lost or stolen card, immediately contact the IndusInd Bank customer service helpline to report the incident. The bank will guide you through the process of blocking the card and issuing a replacement for security reasons.

9. Is there an international transaction fee for using the IndusInd Bank Platinum Credit Card abroad?

  • Yes, there may be applicable fees for international transactions. It is advisable to check the fee structure provided by the bank or contact customer service to understand the charges associated with using the card for transactions outside your home country.

10. What security features are in place to protect my IndusInd Bank Platinum Credit Card?

  • The IndusInd Bank Platinum Credit Card offers advanced security measures to safeguard your transactions. These include cutting-edge EMV chip technology, double-layered authentication for online purchases, and the flexibility to customize transaction notifications. Furthermore, the card guarantees safety with a unique PIN. Should you notice any suspicious activity, promptly reach out to the bank for prompt support.