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Features Of IndusInd Bank Platinum Visa Credit Card

  • Reward Points Program:
    The IndusInd Bank Platinum Visa Credit Card offers a robust rewards program, allowing cardholders to earn 1.5 reward points for every ₹150 spent on retail purchases. This reward rate is competitive for a premium card, enabling users to accumulate points quickly across various spending categories such as shopping, dining, and travel. Note: Fuel transactions are excluded from earning reward points since April 1, 2018. Reward points can be redeemed for options including air miles, cash credit, or merchandise via the IndusMoments portal, providing flexibility to suit individual preferences. The rewards structure is designed to maximize value for frequent spenders, especially those with lifestyle-oriented spending patterns.
  • Contactless Payment Technology:
    This card supports contactless payment, enabling fast, secure, and convenient transactions at merchant locations with contactless terminals. Simply wave the card within 4 cm of the scanner to complete transactions in seconds, indicated by four green lights. This is ideal for quick purchases at retail outlets, cafes, and other high-traffic merchants. The card also works at non-contactless terminals, ensuring versatile acceptance.
IRCTC Platinum Credit Card
    • Comprehensive Travel Insurance: Complimentary personal air accident insurance cover up to ₹25 lakhs provides peace of mind for frequent travelers. Additional travel insurance benefits include coverage for lost baggage (up to ₹1 lakh), passport loss (up to ₹50,000), and delayed baggage or missed connections (up to ₹25,000 each). These features make the card appealing for both domestic and international travelers.
    • Fuel Surcharge Waiver: Cardholders benefit from a 1% fuel surcharge waiver on transactions between ₹400 and ₹4,000 at petrol pumps across India. This waiver is capped at ₹100 per billing cycle, providing modest savings for regular drivers. Note: service taxes on fuel surcharges are not waived, and fuel transactions do not earn reward points.
    • Priority Pass Membership: Complimentary Priority Pass membership granting access to over 1,000 airport lounges worldwide. Enjoy amenities like complimentary food, drinks, Wi-Fi, and quiet workspaces, enhancing the travel experience for frequent flyers.
    • Golf Benefits: 4 complimentary golf games and 4 lessons per year at select golf courses. This perk caters to golf enthusiasts seeking premium facilities and professional instruction.
    • 24/7 Concierge Services: Round-the-clock concierge support for travel, entertainment, and lifestyle needs, including flight bookings, hotel reservations, dining arrangements, and event ticketing—ideal for busy or frequent travelers.
    • Flexible EMI Options: Convert high-value purchases into manageable monthly installments, suitable for electronics, travel bookings, or luxury goods, offering better financial planning and cash flow management.
    • Total Protect Coverage: Coverage against fraudulent transactions up to the card’s credit limit, including add-on cards. Features include embedded microchip security protecting against skimming, ensuring safe online and offline transactions.
    • No Annual Fee on Select Plans: Some plans offer lifetime free usage with no joining or annual fees, making it a cost-effective choice. Note that other plans may have a joining fee of ₹3,000—confirm before applying.
    • Additional Cardholder Benefits: Up to 5 add-on cards allowed, sharing all privileges including rewards and insurance coverage, ideal for families managing shared expenses.
    • Secure Online Transactions: Equipped with Verified by Visa and an encrypted chip, the card provides an extra layer of authentication for online purchases and protection against fraud and counterfeiting.
    • Auto Assist Services: Includes roadside repair, emergency fuel supply, and towing assistance, offering valuable support for cardholders with active, on-the-go lifestyles.
    • Customizable Rewards Redemption: Redeem points flexibly for air miles (InterMiles/Club Vistara), cash credit, or merchandise (e.g., Montblanc, Amazon, Apollo Pharmacy). As of 2024, non-cash redemptions value 1 point = ₹0.50; cash redemptions capped at 2,500 points/month.
    • Global Acceptance: Accepted worldwide at Visa-supported merchants, with embedded chip and contactless tech ensuring compatibility with modern payment systems globally.
    • Exclusive Brand Vouchers: Cardholders receive welcome vouchers from premium brands such as Pantaloons, Yatra, UCB, Woodlands, and Hidesign upon payment of the joining fee. These vouchers, delivered to the registered mobile number within 15 days, add immediate value to the cardholder’s experience, catering to those who enjoy shopping at luxury and lifestyle brands.
    • Interest-Free Credit Period: The card offers up to 50 days of interest-free credit, allowing cardholders to make purchases and defer payments without incurring interest, provided the balance is paid in full by the due date. This feature is beneficial for managing cash flow and making large purchases without immediate financial strain.
    • Digital Banking Integration: Cardholders can manage their card through IndusNet (internet banking) and IndusMobile (mobile banking app), allowing them to check balances, view statements, and make payments conveniently. The integration with digital platforms ensures easy access to account information and seamless management of transactions.
    • Luxe Gift Card:Upon payment of the joining fee, cardholders receive a Luxe Gift Card, providing access to over 30 global luxury and premium brands across 360 stores in India. This feature enhances the card’s appeal for those who enjoy shopping at high-end retailers, adding a touch of exclusivity to their purchasing experience.
    • UPI Payment Support: The card can be linked to UPI apps like BHIM, Google Pay, or PhonePe, enabling seamless digital payments. This feature is particularly useful for cardholders who prefer the convenience of UPI for everyday transactions, combining the benefits of a credit card with the ease of digital payments.
IRCTC Platinum Benefits

Benefits of IndusInd Bank IRCTC Platinum Credit Card

  • 1. Enhanced Reward Accumulation:
    • The card’s reward program is a significant benefit, offering 1.5 reward points for every ₹150 spent on retail purchases. This allows cardholders to accumulate points quickly, which can be redeemed for air miles, cash credit, or premium merchandise. For example, frequent shoppers or travelers can amass substantial points over time, which can be converted into travel benefits (e.g., 1 reward point = 1 InterMile or 1 Club Vistara point) or used to offset credit card bills. The flexibility of redemption options ensures that cardholders can maximize the value of their spending, making this a key benefit for those with high transaction volumes.
  • 3. Fuel Savings:
    • The 1% fuel surcharge waiver on transactions between ₹400 and ₹4,000 offers modest savings for cardholders who drive regularly. While the cap limits the benefit for heavy fuel users, it provides consistent savings for moderate drivers, reducing the cost of refueling across India. This feature is particularly valuable in a country with high fuel prices, offering a practical benefit for everyday expenses.
    • Golf Privileges: The inclusion of 4 complimentary golf games and 4 lessons per year is a unique benefit that appeals to golf enthusiasts.
    • Concierge Services: The 24/7 concierge service is a standout benefit, providing personalized assistance for travel bookings, dining reservations, and event planning.
    • Financial Flexibility: The card’s flexible EMI options allow cardholders to spread the cost of large purchases over time, making it easier to manage expenses like electronics, travel, or luxury goods.
    • Security and Fraud Protection: The Total Protect feature ensures coverage against fraudulent transactions up to the card’s credit limit, including add-on cards.
    • No Annual Fee on Select Plans: For eligible cardholders, the lifetime-free feature eliminates recurring annual fees, making the card cost-effective for long-term use.
    • Welcome Vouchers: The welcome vouchers from brands like Pantaloons, Yatra, UCB, Woodlands, and Hidesign provide immediate value upon card activation.
    • Add-On Card Benefits: The ability to issue up to 5 add-on cards extends the card’s benefits to family members, allowing them to earn reward points and access insurance coverage.
    • Dining and Shopping Discounts: The card offers exclusive discounts on premium brands like Montblanc, Vero Moda, ALDO, and William Penn, as well as dining discounts at select restaurants.
    • Auto Assist Services: The Auto Assist services provide practical support for drivers, including roadside repair, emergency fuel supply, and towing assistance.
    • Global Usability: The card’s global acceptance at Visa-supported merchants makes it a reliable tool for international travel and shopping.
    • UPI Integration: The ability to link the card to UPI apps like BHIM, Google Pay, or PhonePe enhances its usability for digital payments.
    • Premium Lifestyle Appeal: The card is tailored for individuals who value a premium lifestyle, offering benefits that align with luxury, travel, and entertainment preferences.
    • Travel Booking Assistance: The 24/7 travel booking assistance simplifies the process of arranging flights, hotels, and other travel-related services.
    • Reward Point Redemption Flexibility: The card’s flexible redemption options allow cardholders to use reward points for air miles, cash credit, or merchandise, catering to diverse preferences.
    • Digital Management Tools: The integration with IndusNet and IndusMobile allows cardholders to manage their accounts digitally, from checking balances to paying bills.
    • High Credit Limit Potential: Depending on the cardholder’s creditworthiness, the card offers the potential for a high credit limit, providing greater financial flexibility for large purchases or travel expenses.
    • Brand Association: The card’s association with Visa and premium brands like Montblanc and The Postcard Hotels enhances its appeal as a status symbol. Cardholders benefit from exclusive offers and a sense of prestige.
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How to Apply for IndusInd Bank Platinum Visa Credit Card

  • Online Application: Visit IndusInd website → Credit Cards → Platinum Visa → Apply Now.
  • Step-by-Step Digital Process:
    • Fill in personal details like name, PAN, mobile number, and address
    • Enter employment type, income details, and employer/business name
    • Upload Aadhaar, PAN, and address proof (utility bills/passport) for e-KYC
    • Verify identity via OTP and complete Video KYC, if prompted
    • Receive application acknowledgment with tracking reference
  • Offline Application:
    • Visit your nearest IndusInd Bank branch
    • Fill out the physical form and submit self-attested ID, address, and income documents
    • Receive reference number and await verification call or in-person check
  • Application Tips:
    • Ensure credit score is above 750 for better approval chances
    • Use clear and valid scanned documents
    • Avoid applying for multiple credit cards simultaneously
    • Be available for verification calls or video KYC sessions
  • Other Considerations:
    • Existing IndusInd cardholders with limits above ₹1.5 lakh can split limits to get this card via EasyCredit
    • Joining/annual fee is ₹3,000 + GST (varies by plan)
    • Online applications are typically processed faster (3-5 days) than offline (5-7 days)

Eligibility Criteria for IndusInd Bank Platinum Visa Credit Card

  • 1. Age Requirements
    • Primary Cardholder: 21-65 years
    • Salaried: Retirement age considered for upper limit
    • Self-Employed: Must be within earning age
  • 2. Occupation & Employment
    • Salaried or self-employed individuals eligible
    • Salaried: Minimum 6-12 months with current employer
    • Self-employed: Business operational for 1-2 years
  • 3. Income Requirements
    • Minimum ₹20,000/month (₹2.4 lakh annually)
    • Higher thresholds may apply in Tier-1 cities
  • 4. Credit Score & History
    • Preferred Credit Score: 750+
    • Clean credit history with no recent defaults
    • Low credit utilization and minimal hard inquiries
  • 5. Citizenship & Residency
    • Must be an Indian citizen residing in India
    • Address should match valid proof and be stable
  • 6. Debt-to-Income (DTI) Ratio
    • DTI ideally below 40%
    • High DTI (above 50%) may lead to rejection
  • 7. Existing IndusInd Relationship (Optional)
    • Existing account/cardholders may get relaxed criteria
    • Split credit limit option available for current cardholders
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Documents Required for IndusInd Bank Platinum Visa Credit Card

  • 1. Identity Proof (Any One):
    • Aadhaar Card: Preferred for e-KYC; must be linked to mobile for OTP verification
    • PAN Card: Mandatory for all credit card applications
    • Passport: Valid, includes photo and address
  • 2. Address Proof (Any One):
    • Aadhaar Card: If not used as ID proof
    • Passport: Should mention current address
    • Utility Bill: Electricity/water/gas bill (not older than 3 months)
  • 3. Income Proof:
    • Salaried Individuals:
      • Last 3 months' salary slips
      • Last 3-6 months bank statements showing salary credits
      • Latest Form 16 or ITR
    • Self-Employed Individuals:
      • Last 1-2 years ITRs with computation of income
      • 6-12 months business/personal bank statements
  • 4. Photograph:
    • Recent passport-sized photo (35mm x 45mm, white background)
    • Required for offline and possibly for online video KYC
  • 5. Application Form:
    • Filled and signed form for offline application
    • Digital submission for online applications

Factors Affecting IndusInd Bank Platinum Visa Credit Card Approval

  • 1. Credit Score and History: A credit score above 750 significantly boosts approval chances by demonstrating responsible credit behavior. Scores between 700-749 may still qualify but could attract lower limits or higher scrutiny.
  • 2. Income Level and Stability: A minimum documented income of ₹20,000/month is required, but many branches prefer ₹25,000-₹30,000 for better limit offers. Lenders look for consistent salary credits or business revenues over the past 6-12 months.
  • 3. Debt-to-Income (DTI) Ratio: A DTI ratio below 40% (total monthly EMIs plus rent/lease payments divided by net income) signals healthy repayment capacity. Ratios above 50% suggest over-leveraging.
  • 4. Employment and Job Stability: Salaried applicants typically need at least 6 months in their current role; those in critical sectors (IT, healthcare, finance) may qualify sooner. Self-employed professionals should show 1-2 years of profitable operations.
  • 5. Credit Utilization Ratio: Keeping overall credit utilization below 30% across all cards and loans demonstrates prudent usage. A spike above 50% in recent months can alarm underwriters.
  • 6. Number of Existing Credit Cards and Loans: An optimal profile includes 1-3 active credit cards and no more than 2 secured/unsecured loans. More than 4 credit cards indicate high exposure.
  • 7. Age of Applicant: The preferred age bracket is 25-50 years, aligning with peak earning capacity. Applicants younger than 21 need a co-applicant or guarantor.
  • 8. Residential Stability: Candidates residing at the same address for at least 6 months are viewed more favorably. Frequent relocations may prompt additional address verification.

Frequently Asked Questions (FAQs)

1. What are the key features of the IndusInd Platinum Visa Credit Card?
Cashback on spends, fuel surcharge waiver, reward points, complimentary airport lounge access (if applicable), and EMI conversion options.
2. What is the annual fee for this card?
The card may have an annual fee (varies based on the variant), but some variants are lifetime free or offer fee waivers on spending milestones.
3. How can I apply for the IndusInd Platinum Visa Credit Card?
You can apply online via the IndusInd Bank website, mobile app, or by visiting a branch.
4. What is the credit limit offered on this card?
The limit depends on your income, credit score, and IndusInd Bank's internal policies.
5. Does the card offer fuel surcharge waivers?
Yes, it typically offers a 1% fuel surcharge waiver (terms and conditions apply).
6. Are there any cashback or reward points on spending?
Yes, the card offers reward points on retail spends, which can be redeemed for gifts, vouchers, or air miles (varies by variant).
7. Is there a joining fee for this card?
Some variants may have a joining fee, while others may be free based on promotional offers.
8. Does the card provide complimentary airport lounge access?
Some Platinum variants offer free lounge access (usually 2-4 per quarter), but check the specific terms.
9. Can I convert purchases into EMIs?
Yes, the card allows you to convert large purchases into easy EMIs at partner merchants.
10. What is the interest rate if I don't pay the full bill?
The interest rate is typically 3%-4% per month (~36-48% p.a.), depending on the card variant and bank policies.

List of IndusInd Bank Platinum Visa Credit Card Branches in Tamil Nadu

  • Chennai - ADYAR
  • Chennai - ALWARPET
  • Chennai - AMINJIKARAI
  • Chennai - ANNA NAGAR
  • Pudukkottai - ARANTANGI
  • Chennai - ASHOK NAGAR
  • Tiruppur - AVINASHI
  • Chennai - CHENNAI
  • Chennai - CHINMAYA NAGAR
  • Coimbatore - COIMBATORE
  • The Nilgiris - COONOOR
  • Dharmapuri - DHARMAPURI
  • Dindigul - DINDIGUL
  • Chennai - EAST MOGAPPAIR
  • Erode - ERODE
  • Coimbatore - GANAPATHY
  • Erode - GOBICHETTIPALAYAM
  • Krishnagiri - HOSUR
  • Chennai - K K NAGAR
  • Tiruppur - KANGEYAM