Best IDBI Bank Credit Card 2024: Eligibility, Features & Benefits

IDBI Bank provides a variety of credit cards to cater to the diverse financial needs of its customers. These credit cards come with a range of features and benefits, including rewards, discounts, and cashback.

Among the IDBI Bank credit card offerings, you can find the IDBI Bank Royale Signature Credit Card, designed to offer premium benefits like rewards points, airport lounge access, dining discounts, and exclusive privileges.

The IDBI Bank Euphoria World Credit Card targets travelers and shoppers, providing rewards for both travel and retail expenses. For those seeking a simpler option, the IDBI Bank Aspire Platinum Credit Card offers features like cashback and rewards for specific types of spending.

IDBI Bank Credit Card 2024

Choosing the Best IDBI Bank credit card to meet your financial requirements involves a systematic approach. To make an informed choice, begin by evaluating your spending habits and financial objectives.

Understand whether you primarily use a credit card for daily expenses, travel, shopping, or specific benefits like rewards and cashback.

Next, Examine the features and privileges offered by each IDBI Bank credit card, as they can differ significantly in terms of discounts, rewards, cashback, and travel perks. It’s vital to select the card that best aligns with your preferences and usage patterns.

Carefully assess the financial aspects, including annual fees, interest rates, and eligibility criteria, to ensure they harmonize with your budget. Keep an eye out for any ongoing promotions or special offers that can enhance the value of your chosen card.

Credit Card
IDBI Bank Royale Signature Card
IDBI Bank Euphoria World Credit Card
IDBI Bank Aspire Platinum Credit Card
IDBI Winnings RuPay Select Credit Card
LIC CSL IDBI Eclat Select Credit Card
LIC CSL IDBI Lumine Platinum Credit Card
IDBI Bank Imperium Platinum Credit Card

Features & Benefits

IDBI Bank offers a diverse range of credit cards, each tailored to meet specific financial needs and preferences. The IDBI Bank Royale Signature Card entices users with a welcome gift of 750 delight points on their first card usage and allows them to earn 3 delight points for every Rs. 100 spent.

With an interest-free credit period of up to 48 days and a 1% fuel surcharge waiver, this card offers convenience and savings.

The IDBI Bank Euphoria World Credit Card offers even more delight points, with 6 points for every Rs. 100 spent and a generous 4,000 delight points for the first transaction.

It also provides an interest-free credit period of up to 48 days and consistently waives 1% fuel surcharge on transactions within the range of Rs. 400 to Rs. 5,000.

For those seeking an Aspire Platinum Credit Card, IDBI Bank offers 2 delight points for every Rs. 150 spent, along with a welcome gift of 500 delight points on the first card usage within 30 days.

This card also provides an interest-free credit period of up to 48 days and widespread acceptance at merchants in India and abroad.

The IDBI Bank Imperium Platinum Credit Card allows users to enjoy a high credit limit, up to 85% of their fixed deposit, and a higher cash withdrawal limit of up to 70% of the credit limit. It also offers an interest-free credit period of up to 48 days and allows users to earn 2 delight points for every Rs. 150 spent.

With the IDBI Winnings RuPay Select Credit Card, cardholders earn 2 delight points for every Rs. 100 spent and receive a flat 10% cashback as a welcome benefit on transactions within 90 days of card issuance.

Plus, with just 5 transactions of Rs. 1,000 each per month, users can earn 500 additional delight points and double delight points on their birthday month.

The LIC CSL IDBI Eclat Select Credit Card allows users to earn 4 delight points for every Rs. 100 spent, with a welcome gift of 1,500 delight points for certain spending conditions. It also offers an interest-free credit period of up to 48 days and consistently waives 1% fuel surcharge.

Lastly, the LIC CSL IDBI Lumine Platinum Credit Card enables users to earn 3 delight points for every Rs. 100 spent and receive a welcome gift of 1,000 delight points for specific spending criteria.

Additionally, it provides personal accidental death insurance cover and credit shield cover of Rs. 2 lakhs and an interest-free credit period of up to 48 days.

Each IDBI credit card offers unique rewards and benefits to cater to a variety of preferences and lifestyles.

  • PROS

  • Cons

  • Diverse range of card options to suit various needs and preferences.
  • Rewards programs and delight points for cardholders.
  • Offers on welcome gifts and cashback on specific transactions.
  • Interest-free credit period for up to 48 days.
  • Potential access to airport lounges on select card types.
  • Fees and charges, including finance charges and cash withdrawal fees.
  • Eligibility requirements and documentation may vary.
  • Benefits, interest rates, and credit limits vary by card type.
  • Terms and conditions are subject to change.
  • Card acceptance and features may vary based on the specific card chosen.

Fees & Charges

FeesCharges
Free Credit PeriodUp to 48 days
Revolving Credit and Cash Advance3.25% per month (46.78% annual)
Withdrawal Fee2.5% of the amount withdrawn (min. Rs. 500)
Payment FeeRs. 100
Over Limit Fee3% of the amount (min. Rs. 500)
Fee for Cheque Dishonor or Auto-Debit Reversal2% of the amount withdrawn (min. Rs. 450)
Foreign Currency Mark-up Fee3.5% of the transaction amount

Eligibility Criteria

  • Minimum age of 18 years.
  • Indian citizenship or NRI status.
  • Satisfactory credit history.
  • Adequate income and repayment capacity.
  • Specific income and age requirements may vary based on the card type.
  • Meeting the bank’s internal credit policies and criteria.

Documents Required

  • Completed credit card application form.
  • Identity proof (e.g., Aadhar card, passport, PAN card).
  • Address proof (e.g., utility bill, rental agreement).
  • Proof of income (e.g., salary slips, IT returns, bank statements).
  • Passport-sized photographs.
  • Additional documents as per the bank’s specific requirements or policies.
  • For NRIs, proof of NRI status and overseas address proof.

How to Apply IDBI Bank Credit Card Online

  1. Visit the IDBI Bank website.
  2. Choose the IDBI Bank credit card that suits your financial needs.
  3. Click on the “Apply Now” or “Apply Online” option.
  4. Complete the online application form with your personal and financial details.
  5. Provide the required documents, including proof of identity, address, and income.
  6. Carefully review and confirm the accuracy of your application.
  7. After processing and approval, IDBI Bank will issue your credit card.

Other Bank Credit Cards

IDBI Bank originated from the Industrial Development Bank of India (IDBI), which was established on July 1, 1964. IDBI was set up as a wholly-owned subsidiary of the Reserve Bank of India (RBI) to provide financial assistance and credit facilities to various industries in India.

IDB primary focus was on industrial development and financing, supporting projects and companies that contributed to the country’s economic growth.

In 2004, IDBI was transformed into a commercial bank, and it became known as IDBI Bank. This change allowed IDBI Bank to offer a broader range of banking services, including retail banking, corporate banking, and various financial products.

Over the years, IDBI Bank has expanded its services and network, becoming a significant player in the Indian banking sector.

IDBI Bank’s transformation from a development finance institution to a commercial bank marked an important shift in its role, making it more accessible to a wider range of customers while still carrying forward its legacy of promoting economic development in India.

Was this helpful?

Thanks for your feedback!

Leave a Comment

Disclaimer
Loading...