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Credit Card

IDBI is one of the leading financial institution in the banking industry or the financial sector whether its investment banking or capital market or mutual funds. The Bank’s strong business policy together with experienced and skilled workforce and a strong technological team has made the bank a key market leader in all respects.

The bank offers 4 types of credit cards which are as follows:

  • Royale Signature.
  • Aspire Platinum
  • Euphoria World.
  • Imperium Platinum

Now we will see an overview of each of the above credit cards one by one:

Royale Signature

IDBI Bank Royale Signature Credit Card is for the segment of people who wants the top class services and also want to enjoy the best of lavishness and comfort in anywhere in the world. The main features and benefits are as follows:

  • Earning of Delight Points: One will earn 3 Delight points for every Rs 100 spent on this card. A welcome gift is 750 Delight points is given on the first use of the card within 30 days and 400 Delight Points within 31-90 days from the issue date of the card. However, to be eligible for the welcome gift the minimum transaction value has to be Rs 1500/-.
  • Drive On:  A waiver of 2.5% of surcharge on fuel is allowed on all the petrol pumps ranging from Rs 400 - Rs 5000 with a maximum of Rs 500 in waivers per month.
  • Interest Free Credit:  A interest free credit period of 48 days is given to the card holder to arrange for payment.
  • Coverage of Insurance while Air travelling :  A strong coverage of Rs 25 lakhs is what the card offers to cover the risk of life as an insurance to the card holder
  • Add on cards are available for the family members who are above 18 years of age.
  • Customers will be entitled for special offers on hotels, car rentals, airport shopping provided for VISA signature card holders.
  • Airport Lounge Access: Royale Signature Card facilitates the card holder to use the best of facilities in the airport lounge and enjoy all the services and luxuries available there.
  • Zero Lost Card Liability:  Wherever, the card is lost, one needs to report the same immediately at the IDBI toll free number to block the card. And also any transaction which is considered as fraudulent after the card gets lost, will be covered by the bank thereafter.

Aspire Platinum

This is card is for those customers who wants to enjoy host of benefits with relates to lifestyles, travelling, dining and needs additional rewards points to have more privileges. The major features and benefits are as follows:

  • Earning of Delight Points: Customers will earn 2 Delight points for every Rs 150 spent on this card. A welcome gift is 500 Delight points is given on the first use of the card within 30 days and 300 Delight Points within 31-90 days from the issue date of the card. However, to be eligible for the welcome gift the minimum transaction value has to be Rs 1500/-.
  • Drive On:  A waiver of 2.5% of surcharge on fuel is allowed on all the petrol pumps ranging from Rs 400- Rs 4000 with a maximum of Rs 300 in waivers per month.
  • Interest Free Credit:  An interest free credit period of 48 days is given to the card holder to arrange for payment.
  • One can gift add on cards to his or her family members who are above 18 years of age.
  • All Customers holding this card will be permitted for special offers on hotels, car rentals, airport shopping provided for VISA signature card holders.
  • Zero Lost Card Liability:  If the card is lost, one needs to report the same without delay at the toll free customer service number to block the card. And also any transaction which is considered as fraudulent after the card gets lost will be covered by the bank thereafter.
  • Global Acceptance: Over 9 lakhs merchants in India and 29 million merchants globally accept this credit card.

Euphoria World

With Euphoria World IDBI Credit Card, one can enjoy the luxuriousness, extravagance and magnificence of the exotic hotels and restaurants. The unmatched features are as follows:

  • Earning of Delight Points: Customers will earn 6 Delight points for every Rs 100 spent on this card. A welcome gift is 4000 Delight points is given on the first use of the card within 60 days from receiving of the card. However, to be eligible for the welcome gift the minimum transaction value has to be Rs 1500/-.
  • Drive On:  A waiver of 2.5% of surcharge on fuel is allowed on all the petrol pumps ranging from Rs 400- Rs 5000 with a maximum of Rs 500 in fuel surcharge waivers per month.
  • Delight Points – Annual Points of 2000 can be earned on payment of annual fee.
  • Interest Free Credit:  An interest free credit period of 48 days is given to the card holder to arrange for payment.
  • One can get add on cards for his or her family members who are above 18 years of age.
  • All Customers holding this card will be provided special offers on hotels, car rentals and airport shopping facilities provided to Master Card signature card holders.
  • Zero Lost Card Liability:  If the card is lost, one needs to report the same without delay at the toll free IDBI number to get the card blocked. And also any transaction which is considered as fraudulent after the card gets lost will be covered by the bank thereafter.
  • Coverage of Insurance while Air travelling:  Air accident death coverage of Rs 25 lakhs is offered as a complimentary feature to the card holder.
  • Airport Lounge Access: Royale Signature Card facilitates the card holder to use the best of facilities in the airport lounge and enjoy all the services and luxuries available there.
  • Global and wider Acceptance: Over 9 lakhs merchants in India and 29 million merchants globally are tied up with this credit card.

Imperium Platinum

Imperium Platinum IDBI Credit Card is a secured card option given to customers against the fixed deposits which is owned by them on the VISA policy. The basic features are:

  • Earning of Delight Points: Customers will earn 2 Delight points for every Rs 150 spent on this card. A welcome gift is 500 Delight points is given on the first use of the card within 30 days and 300 delight points within 30-90 days from receiving of the card. However, to be eligible for the welcome gift the minimum transaction value has to be Rs 1500/-.
  • Credit Limit: One can enjoy 85% of the fixed deposit as a credit limit.
  • Cash withdrawal limit of 75% of the credit is allowed on the IDBI Imperium Platinum card.
  • Interest Free Credit:  An interest free credit period of 48 days is given to the card holder to arrange for payment.
  • One can provide add on cards to his or her family members who are above 18 years of age.
  • All Customers holding this card will be permitted for special offers on hotels, car rentals, airport shopping provided for Visa Card signature card holders.
  • Zero Lost Card Liability:  If the card is lost, one needs to report the same without delay at the toll free number on the back of the card to block the card. And also any transaction which is considered as fraudulent after the card gets lost will be covered by the bank.
  • Global Acceptance: Over 9 lakhs merchants in India and 29 million merchants globally are tied up with this credit card.

Eligibility for Royale Signature, Aspire Platinum and Euphoria World

The primary card holder’s age has to be minimum 21 years and maximum 60 years in case of salaried and 65 years in case of self employed. The applicant must be a resident of India.

Documentation

Identity Proof such as Aadhar Card or Voter ID Card

Residence proof

Income Proof such as last 3 months’ salary slip and bank’s statements or Income Tax Returns (ITR)  or Form 16 with recent photograph.

Eligibility for Imperium Platinum

The primary card holder’s age must be 18 years and above. Minimum amount of fixed deposit should be Rs 20000/- or its equivalent in FCNR deposits. All modes of operation are allowed except jointly operated accounts. Third party FDs, FDs with sweep in facility, Tax savings facility, and FD sin combination with INR and FCNR are also not eligible.

Schedule of Charges

 

Royale Signature

Aspire Platinum

Euphoria World

Imperium Platinum

Joining Fee

Nil

Nil

Rs 1499/-

Rs 499/-

Annual Fee- Main Card

Rs 1499/-

Rs 499/-

Rs 1499/-

Rs 499/-

Annual Fee- Add on Card

Nil

Nil

Nil

Nil

Renewal fee- Add on card

Nil

Nil

Nil

Nil

Interest

2.5%

2.9%

2.9%

2.9%

Payment Options for IDBI credit cards

The IDBI credit card holder can opt for any of the modes of payment being accepted towards their IDBU credit card. The various modes of payment are:

  1. Auto-Debit from IDBI account 
    the payment IDBI credit card can be made as direct auto debit from the cardholder’s account being held with IDBI bank. This allows the cardholder to not only save time & effort but the chances to miss on payment is also mitigated. The card holder needs to provide a one-time mandate which authorizes IDBI bank to deduct either minimum payment or full amount payment every month automatically before the due date.
     
  2. IDBI Net banking Facility
    The card holder can also make the payment towards IDBI credit card directly using their IDBI net banking facility. For the payment each time the cardholder has to login into net banking at pay either the minimum amount due of full due amount from their IDBI saving or current account.
     
  3. NEFT Facility
    In case the card holder doesn’t hold any operative account with IDBI bank, he/she may initiate the payment through NEFT Facility (National Electronic Funds Transfer). Payment through NEFT is not only convenient but also is processed lot quicker than other modes such as cheque or draft issuance .The Cardholder has to use his 16 digit IDBI card number and  IFSC code "IBKL0NEFT01" and beneficiary bank  as "IDBI Bank Ltd." to set up the NEFT payment system.
     
  4. Cheque/ Draft Payment
    The Cardholder can drop the Cheque/Draft towards payment of their IDBI credit card into any of the nearest IDBI Bank credit card drop boxes, which are placed inside the IDBI Bank branches and at IDBI ATMs. The Cheque/Draft should be payable to IDBI Bank Credit Card Number account.
     
  5. Cash Payment at Bank Branch
    Payment as cash deposit for credit card outstanding is also a quicker option for the payment towards IDBI Credit card. The cardholder can visit any of the nearest IDBI Bank branches and pay credit card outstanding dues against their card number. The cardholder is provided with a receipt of cash deposit towards payment of their credit card dues.
     
  6. Visa Money Transfer Option
    The Card holders can also pay their  IDBI Bank Visa Credit Card outstanding dues using the Visa Money Transfer option through other bank savings/current account.
     
  7. IPay Facility
    IPAY is next-gen mobile banking service which allows cardholder to pay their credit card outstanding by just a tap of their finger. The cardholder can conveniently pay off their IDBI credit card dues using non-IDBI bank accounts using this facility.

Other Features of IDBI credit cards

IDBI Delight Credit Card rewards program

IDBI Bank makes using its credit card worth an experience. The rich features of these credit cards not only offer tranquility of mind, but every time you spend, you stand to receive a wide range of gifts and other rewards.

All the IDBI credit cardholders are entitled to earn Delight Points each time they spend using their IDBI Bank Credit Card. The reward points earned can be spent on more than 7000 exciting rewards across various categories such as the following.

One may spend their IDBI reward points against any of the categories mentioned below:

  • Mobile / DTH recharge
  • Hotel bookings
  • Movie ticket bookings
  • Air / Bus ticket bookings

How to register for IDBI Delight reward points Scheme

IDBI bank offers 2 ways to enroll and activate the Delight account for its credit cardholders.

Option 1- The cardholder can login to IDBI credit card net banking and select the rewards option. Generate and enter the OPT(One Time Password) which is sent on their  registered mobile number with the bank and the User ID & login Password for IDBI delight account is send on their registered e-mail ID and Mobile Number.

Option 2- The cardholder can login directly to the IDBI Delight website and select the New User option. They would be required to enter their Credit Card Number and the OTP which is sent on the cardholder’s registered mobile number. Post verification of personal details, the cardholder may generate their User ID & Password.

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