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1. Why is a Credit Card important?
1. Why is a Credit Card important?
While there are many misconceptions about credit cards, when used wisely they can help you manage your finances with ease. A Credit Card enables you to borrow a certain sum of money, which can be repaid by you later in instalments. Interest is charged on the amount of money that you borrow in case you don’t repay the amount by the payment due date. Credit card interest rates vary, depending on the type of credit card you are using and your card issuing bank.
2. What are the Benefits of a Credit Card?
2. What are the Benefits of a Credit Card?
Using a credit card not only provides financial assistance but also has a number of benefits depending upon the type of credit cards. Some of them are mentioned below:
Earn attractive reward points and cashback
Enhances your credit rating
Get frequent flyer miles
Worldwide acceptance
3. Why should you apply for an IndusInd Bank Credit Card?
3. Why should you apply for an IndusInd Bank Credit Card?
At IndusInd Bank, we understand that every customer has a different financial need. Considering this, we have designed best credit cards that come with endless benefits and privileges that meet the specific needs of the customers. Starting from rewards, cashback to entertainment and dining offers, IndusInd Bank Credit Cards are loaded with benefits. You can easily apply for credit card online depending on your purchase needs.
4. What is a Credit Card?
4. What is a Credit Card?
Issued by renowned banks and financial institutions, a credit card enables the cardholder to purchase some products or avail of some services on credit. Owning a credit card enables people to borrow funds from the bank or financial institution, with a promise that they will pay off the amount within a specific time. The cardholder doesn’t need to pay any interest if they repay the amount within the specified interest-free period. The cards have a pre-set borrowing limit, which indicates the maximum amount of money a person can spend using the credit card. IndusInd Bank has some of the best credit card offers to meet the requirement of their customers. Do a credit card comparison and select the best credit card that meets your requirements.
5. What is the difference between a Credit Card and a Debit Card?
5. What is the difference between a Credit Card and a Debit Card?
A credit card enables you to make purchases by borrowing some funds, which needs to be repaid within a specific time limit. The financial institution issuing the credit card allows the holder to spend money within the set limit. A debit card is used to withdraw money that you have already deposited in your account. Debit Cards are linked to your bank account and offered as an additional facility to the users.
6. What are the steps to apply for an instant Credit Card?
6. What are the steps to apply for an instant Credit Card?
Applying for an instant credit card is easy. You need to follow the steps mentioned below to apply for credit card online:
Visit https://sites.google.com/view/apply-indusindbank-credit-card/home, https://induseasycredit.indusind.com/customer/credit-card/lead and fill in your personal details such as name, email id, phone number
Find the best offers available for you
Provide proof of your personal documents such as PAN, Aadhaar, proof of address, income proof
Complete the application and submit the form
7. How to apply for a Credit Card?
7. How to apply for a Credit Card?
Applying for an IndusInd Bank online credit card is easy. All you need to do is visit the bank ’s website https://sites.google.com/view/apply-indusindbank-credit-card/home, https://www.indusind.com/in/en/personal/cards/credit-card.html and apply for a credit card. Alternatively, you can call the 24-hour helpline number of IndusInd Bank, which is 1860 267 7777 and apply for a credit card. Also, when applying, you must do credit card comparison to choose the best credit card that suits your requirement.
8. Who is eligible to avail Indus Easy Credit Card
8. Who is eligible to avail Indus Easy Credit Card
Applicant who meets the following criterion can apply for Easy Credit Card.
Minimum age when applying for the credit card should be 21 years
Maximum age at the time of applying for the credit card is 60 years or the retirement age, whichever is earlier
The net monthly income needs to be a minimum of Rs. 25000
Should have completed a minimum of 2 years in employment and has been with the organization for 1 year
If applicant stays in a rented apartment, they must complete at least 1 year of minimum stay at the current address
9. What are the documents required to apply for an instant Credit Card?
9. What are the documents required to apply for an instant Credit Card?
To apply for an online credit card, you need to provide the following documents:
Aadhaar number
PAN
Proof of residence if the address in your Aadhaar card is not the current one
6 months’ Bank statements (optional)
10. How can I check the status of my Credit Card application?
10. How can I check the status of my Credit Card application?
To check the status of your credit card application, you can call on our Helpline number 1860 267 7777. As soon as your application is processed, the bank will communicate the status via SMS on your registered mobile number.
11. Do all purchases attract an interest charge?
11. Do all purchases attract an interest charge?
All purchases don’t attract an interest charge. If the current balance is zero, cardholders have a grace period of up to 50 days within which they can make the payment for retail purchases. However, for cash withdrawal transactions, there is an interest charge from the date of the transaction till the payment date. In addition, cardholders also need to pay a transaction fee for cash withdrawal transactions.
12. What are the other charges applicable on my Credit Card?
12. What are the other charges applicable on my Credit Card?
Interest charges and Late Payment charges are applicable, if the minimum due amount is not paid by the due date. Overlimit charges are applicable if the total outstanding dues on the credit card exceeds the assigned credit limit.
13. Do I have the 'up to 50 days’ grace period' on my retail transactions if I am already revolving on my Credit Card?
13. Do I have the 'up to 50 days’ grace period' on my retail transactions if I am already revolving on my Credit Card?
The grace period is only available on retail transactions if there is no outstanding amount payable on the Credit Card. In case there is some outstanding amount that you need to pay, all fresh purchases will attract interest from the date of purchase.
14. How are interest rates calculated on an IndusInd Bank Credit Card?
14. How are interest rates calculated on an IndusInd Bank Credit Card?
The interest on the outstanding amount is calculated on a daily basis. If the total amount is not paid off by the due date, interest will be levied on the total amount. All fees, charges, interest and GST s also attract interest. An interest of 3.83% per month will be levied (46% per annum).
Please note: The credit card interest rates may vary across types of Credit Cards.
15. How do I pay my Credit Card bill?
15. How do I pay my Credit Card bill?
Making credit card bill payment is easy at IndusInd Bank. There are different payment options available to make the credit card payment. You can choose any one of the options to make the payment.
Pay the bill online from the comfort of your home or office
Use cheques or draft drop boxes at multiple drop box locations
Pay using NEFT facility in case you have a savings account with any other bank other than IndusInd Bank
Pay using Swift transfer from your local bank branch abroad
Use the auto-debit facility if you have an account in IndusInd Bank. The auto-debit option will authorise the bank to deduct the amount from your account
Visa money transfer can be used by IndusInd Bank Visa cardholders to transfer funds online from their bank account
Fill the NACH form to authorise IndusInd Bank to deduct the money from your bank account
16. What should I do if my Credit Card is lost?
16. What should I do if my Credit Card is lost?
If by any chance you lose your credit card, please inform IndusInd Bank immediately. Report the loss of your credit card to IndusInd Bank Phone Banking. You can block and replace your credit card on IndusMobile app. You can also block your credit card via SMS.
17. How do I protect my Credit Card against fraud or theft?
17. How do I protect my Credit Card against fraud or theft?
The EMV Chip and PIN Credit Card by IndusInd Bank provides enhanced security to the users during domestic and international transactions. It also provides additional safety against skimming or counterfeit fraud.
18. Can I make part-payment of my monthly bill?
18. Can I make part-payment of my monthly bill?
Yes, you can make part-payment or pay the minimum amount due of the credit card bill to avoid late payment fees.
19. Is it necessary to provide my current bank account statements?
19. Is it necessary to provide my current bank account statements?
Though it’s not mandatory, providing current bank account statements make the users eligible to get a better credit card variant.
20. Whom can I reach out to in case of any help during the journey?
20. Whom can I reach out to in case of any help during the journey?
You can get in touch with us by using any of the following ways:
Call us on our 24-hour Customer Care number- 1860 267 7777, 022-44066666
Send us an email at - manijulhaque10@gmail.com, premium.care@indusind.com
21.Whom can I reach out to in case of queries/assistance required post Credit Card issuance?
21.Whom can I reach out to in case of queries/assistance required post Credit Card issuance?
In case of any queries or assistance, you can call us on our 24-hour customer care number- 1860 267 7777 or write to us at manijulhaque10@gmail.com, premium.care@indusind.com.
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