Indian Bank Credit Cards

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.

On Indian Bank website

Credit Card
Features and Benefits
Detailed Features
Fees & Charges
Rewards Details
How to Apply
Eligibility Criteria
Documents required
Making the Payment
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:

Name of the Card	Features of the card
Indian Bank Classic Credit Card	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.
Indian Bank Gold Card	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/-..
Indian Bank Platinum Credit Card	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/-
Indian Bank Bharat Credit Card	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.
Indian Bank Visa Gold/Platinum Business 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.

South Indian Bank Credit Card Fees & Charges

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

Name of the card	Joining fee	Renewal fee
Indian Bank Classic Card	Nil	Nil
Indian Bank Gold Card	Nil	Nil
Indian Bank Platinum Card	Nil	250/-
Indian Bank Bharat Credit Card	Nil	Nil
Indian Bank Visa Credit Card	Nil	Nil
Add-on Card	250/- for Gold Card and 100/- for Classic Card and Nil for others	Nil

Indian Bank Credit Card Charges

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

Type of Charge	Amount
Finance Charge	1.99% p.m. for all other cards and 1.79% p.m. for Bharat Card
Charges for late payment	250/- for all other cards and 50/- for Bharat Card
Cash Advance fee	50/- for all other cards and 25/- for Bharat Card
Foreign currency mark -up fee	3% for all other cards and Not Applicable for Bharat Card
Cash Advance charges	2..25% for all other cards and 1.99% for Bharat Card.
Fee for the usage of the card over and above the limit	50/- for all other cards and 25/- for Bharat Card.
Cheque bounce charges	250/- for other cards and 50/- for Bharat Card
Fuel Surcharge	2.5% on the transaction
Surcharge on Railway Ticket Booking	1.8% on the transaction
Retrieval of Charge Slip	125/- for each slip for all other cards and 75/- for each slip for Bharat Card
Cash withdrawal at ATMs overseas	250/- for all other cards and Not applicable for Bharat 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.

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 the payment of Indian Credit Card

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

Indian Bank Credit Card FAQs

What is the billing date of Indian Bank Credit Cards?

The billing date of for Indian Bank Global Classic and Global Gold Card is the 20th of every month, for the Indian Bank Bharat Card it is the 15th of every month, and for Indian Bank Visa Business Card it is the 25th of every month. The payment due date is 15 days after the billing date.

What is the minimum amount due if opted for a revolving facility?

The minimum amount due is a percentage of the total outstanding amount due on the card. For Classic and Gold Card the minimum amount due is 5% of the outstanding balance. For Bharat Card it is 10% of the outstanding amount and for Visa Business Card it is 25% of the outstanding amount with a minimum of 1000/-.

In the case of loss/theft of Indian Bank Credit Card, what is the procedure to be followed?

In the case of loss of Indian Bank Credit Card, the same should be reported to the Customer Care Centre of the Bank. The card will be immediately blocked and a replacement card will be issued. In case of theft of the card, an FIR has to be filed with the police department and a copy of the same has to be submitted to any of the branches of Indian Bank.

Are there any restrictions on the number of transactions on the Indian Bank Credit Card?

There are no limits for the number of transactions on the Indian Bank Credit Card. There is restriction only in the case of Indian Bank Bharat Card. The transactions are limited to 5 in a day and the cash withdrawal limit is 2 per day.

What is the penalty in case of default in payment of Indian Bank Credit Card dues?

In the case the minimum amount due is not paid, a penalty will be imposed. The limit will be reduced to that extent until the payment is made. If the dues are not paid continuously for two months then the card will be blocked and will be reactivated only on the payment of the dues. If the dues are not paid for more than 3 months then you will be listed as a defaulter.

Is cash withdrawal facility available on Indian Bank Credit Card?

Yes, cash can be withdrawn up to a limit of 40% of the credit limit on Global Classic and Global Gold Card. Cash can be withdrawn up to 25% of the credit limit on Bharat Card and up to 20% of the credit limit on Visa Business Card. The amount is limited to 25000/- in a day.

What is the interest-free period on Indian Bank Credit Card?

The interest-free period is between 15 days to 45 days on Indian Bank Credit Card.

What is the significance of CVV number in the Credit Card?

CVV number is the Card Verification Value which is a 3-digit number. This will generally be mentioned on the back of the Credit Card adjacent to the signature portion. This CVV number is an essential requirement for all the online transactions.