Indian Bank
Credit Card

The Indian Bank Credit Cards come with no annual fee and super low interest rate making them one of the most lucrative options in credit cards today. Read on in detail about the different Best Indian Bank Credit Cards available to understand their features and benefits and make an informed choice.

Table of Contents: Indian Bank Credit Cards [ Hide ]

• Indian Bank Credit Card
• Features and Benefits of Indian Bank Credit Cards
• Detailed features of Indian Bank Credit Cards
• Indian Bank Credit Card Reward Details
• Indian Bank Credit Card Fees Details
• Indian Bank Credit Card Charges
• How to Apply for Indian Bank Credit Card
• Eligibility Criteria for Indian Bank Credit Card
• Documents required for Indian Bank Credit Card
• Making your Indian Bank Credit Card Payment
• Indian Bank Credit Card Customer Care Numbers

Indian Bank Credit Card

Indian Bank was founded in the year 1907 and is headquartered at Chennai. It has a wide network of 2816 ATMs and 2900 branches across the country. It is one of the leading public sector banks in the country. The total business of the bank has been 4.30 lakh crores as at the end of March 2019. It is an ISO certified bank and is one among the banks with certification worldwide. It also has branches in Singapore and Colombo.

It has 227 Overseas Correspondents spread over 75 countries. It has two subsidiaries namely Indbank Merchant Banking Services Ltd and Indbank Housing Ltd. An exclusive branch for handling forex transactions is at Chennai and there are 99 forex authorised branches.

Indian Bank Credit Cards

Indian Bank offers various corporate and retail products and services and credit cards are one of them. The Indian Bank Credit Cards are issued with no annual fee and the rate charged for carried over balance beyond the credit period is as low as 1.99% p.m. which makes it a very popular and desired card. They have a special card the Bharat Credit Card which is exclusively meant to be used in India.

The following are the range of Indian Bank Credit Cards:

• Indian Bank Classic Credit Card
• Indian Bank Gold Card
• Indian Bank Bharat Credit Card
• Indian Bank Visa Business Card

Features and Benefits of Indian Bank Credit Cards

The following are the features and benefits of Indian Bank Credit Cards:

• Global Acceptance: The card is very popular because of its worldwide acceptance. It is accepted at over 30 million merchant establishments across the globe and over 1,50,000 merchant establishments across the country.
• Cash back facility: For every 100/- spent on the card you get a cashback of 0.50. On accumulation of cash back to the extent of 500/-, the same can be redeemed. It will be credited directly to your bank account.
• Insurance: Every cardholder gets insurance coverage.
• Interest-free period: An interest-free period from 15 days to 45 days is allowed for the purchases made on the card. Interest as low as 1.99% will be charged on the outstanding balance beyond the date.
• Cash withdrawal: Cash withdrawal to the extent of 40% of the credit limit is allowed. But it is restricted to 25000/- in a day.
• Add-on card: There is a facility of add-on cards for your family members.
• Revolving facility: A facility of revolving payment is available. Under this, you will have to pay a minimum amount which will be a percentage of the total outstanding balance on the card. The rest of the balance will be carried over to the next billing date. The minimum amount due will be mentioned in the monthly billing statement. An interest of 1.99% p.m. will be charged on the outstanding amount beyond the minimum amount due, for the outstanding period.

Detailed features of Indian Bank Credit Cards

The features of various credit cards of Indian Bank are as mentioned in the table below:

• The minimum monthly income required to qualify for this card is 12500/-.
• The credit limit fixed is within the range of 20,000/- to 99999/-
• A pan card is a compulsory requirement to be eligible for the card.
• The card is accepted worldwide at 30 million merchant establishment abroad and over 1,50,000 merchant establishment across the country.
• 4 add-on cards can be availed for your family members.
• A revolving facility is available wherein you pay 5% of the outstanding balance on the card on the due date and the remaining balance can be carried over with an interest at 1.99% p.m.
• You earn a cashback of Re. 1.00 for every 200/- spent on the card which can be redeemed on accumulation to the extent of 500/-. Redemption will be by way of credit to your bank account directly if opted for cashback.
• Complimentary insurance cover up to 2.00 lakhs for the primary cardholder and to the extent of 50,000/- to the first add-on cardholder is available on the death due to an air crash.
• Insurance cover for free up to 1.00 lakh on the death of the cardholder due to an accident.
• In the event of the death of the cardholder due to an accident, a credit card shield to the extent of 10,000/- is available.
• An insurance cover up to 50,000/- is available in case of hospitalisation on account of an accident. The insurance cover is 25000/- if the cardholder is above 65 years of age.
• Insurance cover up to 5,000/- is available for baggage loss in case of travel.
• The purchase on the card can be converted to easy EMI at 1,5% interest p.m.
• The billing cycle is from the 20th of the previous month to the 19th of the present month.

• The minimum monthly income to be eligible for the card is 12500/-
• The credit limit fixed is in the range from 20000/- to 99999/-
• Pan card is a compulsory requirement to avail this card.
• Cash can be withdrawn up to 40% of the credit limit of the card. The amount is restricted to 25000/- per day.
• A revolving facility for payment of the credit card dues is available. 5% of the outstanding amount on the card and the financial charges have to be paid on the due date. The balance outstanding can be carried over for an interest at 1.99% p.m.
• The billing cycle for the card is 20th of the previous month till the 19th of the present month.
• An insurance cover up to 5.00 lakhs for the primary cardholder and 1.00 lakhs for the first add-on cardholder is available for the death in an air crash
• An insurance cover up to 2.00 lakhs is available for death due to an accident.
• An insurance cover up to 1.00 lakh for hospitalisation due to an accident is available. The cover is restricted to 50,000/- if the cardholder is over 65 years of age.
• A credit shield up to 25000/- is available on the death of the cardholder due to an accident.
• Complimentary purchase protection up to
  25000/- is also available.
• A cover up to 10,000/- in case of baggage loss while on travel is available.
• The purchase on the card can be converted to easy EMIs at 1.5% interest p.m.
• For every purchase of 200/- on the card there is a reward point which is equivalent to Re.1/- which can be redeemed on accumulation of points up to 500/-..

• The credit limit fixed for this card will be 1,00,000/- and above.
• Cash can be withdrawn up to 40% of the credit limit.
• A revolving facility is available for payment of the card dues. The minimum amount payable is 5% of the outstanding amount and the residual outstanding will be carried over and an interest at 1.66% will be charged.
• The purchases on the card can be converted to easy EMIs at 1.40% interest p.a.
• Earn 1 reward point for every purchase of 200/- which is equivalent to Re.1/- which can be redeemed on accumulation up to 500/-

• The minimum income required to be eligible for this card is 5000/- p.m.
• The credit limit fixed will be in the range of 10,000 and 19999/-
• Pan Card/Form 60 and Voter?s ID card is a compulsory requirement to be eligible for this card.
• No add-on card facility for this card.
• Cash can be withdrawn up to 25% of the credit limit of the card.
• Only resident Indians are eligible for this card and they should be in the age group between 25 years to 60 years.
• A revolving facility is available for payment of dues on the card. A minimum of 10% of the outstanding balance and the financial charges have to be paid and the residual balance can be carried over with an interest at 1.79% p.m.
• The billing date is the 15th of every month.
• Complimentary insurance cover up to 1.00 lakh in case of death due to an air crash and up to 50,000/- in case of an accident is available.
• Complimentary insurance cover up to 50,000/- in case of hospitalisation due to an accident is available. This facility is not available if the cardholder is over 65 years of age.
• A credit shield up to 10,000 is available in case of death due to an accident.
• Also, purchase protection to the extent of 10,000 is available.
• Cover up to 10,000/- is available for baggage loss while on travel.
• The billing cycle is from the 15th of the previous month till the 14th of the current month.
• No reward points for this card.

• Business entities like Proprietorship/Partnership firms, Corporates, Public and Private Limited Companies who have a credit facility can avail the card.
• The limit range is as per the request of the customer.
• Up to 5 cards will be issued to each business entity.
• Cash withdrawal facility up to 20% of the credit limit at any ATM is available.
• Revolving payment facility is available. 25% of the outstanding balance with a minimum of 1000/- has to be paid on the due date and the balance can be carried over at an interest of 1.99%.
• Every purchase of 200/- on the card will fetch 1 reward point which is equivalent to Re. 1.00 and can be redeemed on accumulation up to 500/-.
• The billing cycle is from the 25th of the previous month to the 24th of the current month.
• Complimentary insurance cover is available for loss of card/baggage loss and fraudulent transactions on the card.

Indian Bank Credit Card Reward Details

There is 1 reward point for every purchase of 200/- which is equivalent to Re.1/-. The reward points can be redeemed on accumulation up to 500/-. The amount on redemption will be credited directly to the bank account of the cardholder if it is a cashback. There are other multiple redemption offers as well.

Indian Bank Credit Card Fees Details

The annual fee and renewal fee for Indian Bank Credit Card are as given below:

Indian Bank Credit Card Charges

The charges for Indian Bank Credit Card are as mentioned below:

How to Apply for Indian Bank Credit Card

Steps to apply for the Card through Bank?s Website

New Customers should follow the following steps to apply for the Credit Card.

• Visit the official website of Indian Bank
• Go to the Credit Cards Page and provide your contact details and personal details.
• Details of the list of cards will appear. Choose the card as per your requirement. If the financial details satisfy the requirement of the bank for that particular card you can proceed to apply for the card.
• On verification, a representative from the bank will approach you and guide you through the process.
• You will have to submit the documents relating to address proof, Photo ID proof and Income Proof for checking the eligibility criteria and issuing the card.

Steps to be followed by existing customers

• Go to the Credit Card page on the official website of Indian Bank
• Provide your net banking customer ID and mobile number
• You can directly apply for the credit card online.

Steps to apply for the Credit Card through MyMoneyMantra

You should make use of the digital platform provided by MyMoneyMantra for applying for the card.

• To begin with visit the MyMoneyMantra website. Log in and choose the credit card menu
• Select the card you intend to apply for and submit.
• Fill in all the relevant information required for applying for the credit card.
• Once the filling of the application is complete and the process initiated you will be assisted by the representatives of MyMoneyMantra through the process from documentation till the approval of the card.
• On approval, the card will be dispatched to your address.
• Card and the pin will be despatched separately

To apply for the card offline, you have to visit the nearest Indian Bank branches and apply for the credit card by submitting the relevant documents

Eligibility Criteria for Indian Bank Credit Card

The following are the eligibility criteria for Indian Bank Credit Card

• The applicant should be in the age group of 25 to 60 for The Bharat Card and should be a resident Indian
• Both resident Indians and NRIs in the age group between 18 years to 80 years are eligible for all the other cards.
• Both salaried and self-employed individuals are eligible for all other cards except the business cards. For business cards only self-employed individuals, proprietors, partners, and partnership firms are eligible.
• The income criteria are different for different cards.
• A monthly income of 12500/- is required for Indian Bank Classic Credit Card and Indian Bank Gold Card.
• A monthly income of RS. 5000/- is required for the Bharat Card.
• Credit Score of the applicant should be preferably above 750.

Documents required for Indian Bank Credit Card

The following documents are required to apply for Indian Bank Credit Card.

• Address Proof such as Aadhar Card, Passport, Driving Licence, Utility bills, Rental Agreement, etc.
• Proof of Identity such as Aadhar Card, Voter?s ID Card, Pass Port, Driving Licence and PAN Card.
• Income Proof such as IT Returns, form 16 and the latest Salary Slips.
• Business Entities should submit financial documents like the audited Balance Sheet and Profit and Loss account and ITwith income computation along with the KYC documents.

Making your Indian Bank Credit Card Payment

The Account Holders of Indian Bank can make Credit Card Payments in the following ways:

• Make credit card payments online by registering for Indian Bank Internet banking facilities.
• You can give auto-debit instructions from your savings bank account at Indian Bank or can transfer the amount to credit card from your savings bank/current account at any Indian Bank ATM.

All other customers can make the payment in the following ways:

• Can make payment through NEFT/RTGS. Under the beneficiary account option, you will have to provide the Indian Bank Card Number.
• Can make payment by cheque. Mention the Indian Bank Credit Card Number and drop the cheque at any of the Indian Bank drop boxes across the cities.
• Using Bill Desk, payment can be made through any bank net banking account.
• Can also make payment by way of cash deposit at any Indian Bank branches.

Indian Bank Credit Card Customer Care Numbers

The Customer Care Number for Indian Bank Credit Card is 1800 425 00 000