The Government of India owns IDBI Bank and this bank established with an aim to provide financial services and facilities for industrial development. Since its commercialization, the bank strives to deliver the best services to its customers. IDBI Bank designs different credit cards with multiple benefits and facilities considering the varying requirements of the customers. Let’s know about the best types of credit cards designed by IDBI bank.
IDBI Bank Credit Cards – Types of Cards to Apply online:
1. IDBI Bank Imperium Platinum Card:
IDBI Bank Imperium Platinum Card is s secured card designed with unique features. The bank releases the credit card against Fixed Deposits. The cardholders get 85% as the credit limit of the FD amount. You will earn 500 Delight points as the welcome gift. You will receive the welcome gift after making a transaction of at least Rs 1500 with the first purchase within the first 30 days. If you make the transaction after first 30 days within 90 days, you will receive 300 Delight Points. You will receive 2 Delight Points on the transaction of every Rs 150. You can use the card for shopping, movies, travel, etc. and get eligible for the reward points. You can avail add-on card with the primary card for other family members.
The joining fee for this credit card is Rs 499, and the bank charges nothing for card renewal. The annual card fee is Rs 499 which is applicable from 2nd year. The grace period for making the payment without any interest rate is 48 Days from the date of the transaction. The interest rate charged on Cash Advance is 2.90% per month, and the same rate of interest is applicable for revolving credit facility. The over-limit charge is 2.5%, and the fee for the cash advance is 2.5%. The fee for Auto for Auto Debit Return is Rs 225. The charge for limit enhancement is Rs 100, and the card replacement fee is Rs 200. The cash processing fee is Rs 100. The cardholder needs to pay Rs 99 for reward point redemption.
The credit card applicant must be 18 years old or above. The applicant must have a minimum fixed deposit of Rs 20000 or equivalent FCNR deposit. You need to visit the branch to apply for IDBI Bank Imperium Platinum Card. Make sure to carry the relevant documents as required.
2. IDBI Bank Euphoria World:
The IDBI Bank Euphoria World credit card is exclusively designed by the bank to fulfill the expectations and needs of the travelers. This credit card grants the varying travels requirements with exciting gifts and benefits. If you are a frequent traveler, you will find the Euphoria World credit card convenient and secure. The cardholders will get attractive privileges and rewards that will suit your lifestyle and preferences.
Availing this digitized credit card, you will get 4000 Delight Points as the welcome gift. You will receive the welcome Delight Points after making a transaction of Rs 1500 within 60 days of card activation. On card renewal, you will receive 2000 Delight Points. For every Rs 100 spent via credit card, you will receive 6 Delight Points applicable for travel-related expenses, and you will earn 3 Delight Points for all other expenses. You can redeem the points for purchasing gifts or any other commodity or service.
IDBI Bank offers a grace period of 48 days for making the payment within which you need not pay interests. Using the card for fuel filling at any fuel station, you will get 2.5% fuel surcharge waiver. The transaction should be between Rs 400- Rs 5000. With this Credit Card, the cardholder gets an Air Travel Accident Insurance Cover of Rs 25 lakhs. The cardholders will get complimentary access to airport lounges across India. The credit card gets accepted at over nine lakhs merchants only in India, and in other countries, the card gets accepted at more than 29 million merchants.
The joining fee for Euphoria World credit card is Rs 1499, and the annual fee is Rs 1499 applicable after 2nd year. The bank charges no renewal fees and annual fees for add-on cards. The interest rate charged on revolving credit is 2.90%. The cash advance transaction fee is 2.5%, and the interest rate charged on the cash advance is 2.90%. The over-limit charge is 2.5%. The auto-debit return fee is Rs 225. IDBI Bank charges Rs 200 for card replacement and the cash processing fee is Rs 100. For limit enhancement, the cardholders need to pay Rs 100, and for the redemption of the reward points, the fee is Rs 99.
It is essential to fulfilling the eligibility criteria to avail the Euphoria World credit card. The applicant must be a resident of India. The age of the primary cardholders must be between 21-60 years. For the self-employed applicants, the maximum age-requirement is 65 years. The add-on cardholders must be at least 18 years. To apply, visit the nearest branch of IDBI Bank if you fulfill the eligibility criteria.