Indian Bank Gold Credit Card

Indian Bank Gold Credit Card

Features and Benefits of Indian Bank Gold Credit Cards

The features of the Indian Bank Gold Credit Card are as given below :

  1. Globally accepted: Over 1.5 lakh traders in India accept the Indian Bank Global Gold Passport.
  2. Interest-free credit: Buy now and pay with your Indian Bank Global Gold credit card later when you shop.
  3. Low Finance Charges: On your remaining balance, finance charges are as low as 1.99 per cent each month.
  4. Add on Cards: Share with your family members the benefits and advantages of this card.
  5. Cash Advance: You can withdraw cash from any Indian Bank ATM when you need it.
  6. Purchase Security: Purchase Security protects you from transactions that turn out to be damaged, duplicated, or fraudulent on your Indian Bank Global Gold Credit Card.

Indian Bank Gold Credit Card Eligibility Criteria

Following are the necessary eligibility criteria for getting Indian Bank Gold Credit Card :

Particulars

Criteria

Minimum Age  18 years
Maximum Age 80 years
Income Eligibility The minimum income required is Rs. 12,500
Nationality The card is available to Indian nationals as well as NRIs
CIBIL A decent CIBIL is required. 

Indian Bank Gold Credit Card Documentation

The banks ask for certain mandatory documents for availing Indian Bank Gold Credit Card:

Identity Proof Address Proof Income Proof

Aadhar Card

Voter ID

Passport

PAN Card

Utility Bills

Driving License

Pan Card

Adhaar Card

You need to submit your statement of accounts for the last 3 months for banks other than Indian Bank.

Salaried individuals need to submit the latest payslip or IT proof.

Self-employed need to provide IT returns.

Indian Bank Gold Credit Card Fees and Charges

The fee and Charges related to Indian Bank Gold Credit Card are as follows:

Services

Fee and Charges

Annual Fee Nil
Joining Fee Nil
Add on Card One-time fee of Rs. 250.
Interest on revolving credit 1.99% per month (23.88% per annum).
Minimum due 5% of the amount billed.
Late Payment Penalty Rs. 250

Indian Bank Gold Credit Card Limit

  • On the Global Gold Card, the credit limits available vary between Rs. 75,001 and Rs. 3 lakhs.

Indian Bank Credit Card Rewards Programme

When you use an Indian Bank Credit Card, you can collect discounts on your transactions. You will get 50 paise for every Rs. 100 invested. When you have earned Rs. 500 in rewards, you can redeem them as cashback.

Types of Credit Cards offered by Indian Bank

  • Indian Bank Global Classic Credit Card: Individuals with a monthly income of at least Rs. 12,500 are eligible for the Indian Bank Global Classic Credit Card. Get credit limits ranging from 25,000 to 75,000 rupees. Universal adoption, free premiums, discounts, cash advances, add-on cards, and low finance charges are all available.
  • Indian Bank Global Gold Credit Card: Individuals with a monthly income of at least Rs. 12,500 are eligible for the Indian Bank Global Gold Credit Card. Obtain credit caps ranging from Rs. 75,001 to Rs. 3 lakhs. High credit caps, low finance costs, free premiums, cash advances, global recognition, discounts, add-on cards, and more are all available to you.
  • Indian Bank Bharat Credit Card: This card is only available to Indian citizens who receive at least Rs. 5,000 a month. The maximum credit limit is Rs. 20,000. The Indian Bank Bharat Credit Card is designed for people who only need a credit card for minor transactions. Low-interest rates and credit terms of up to 45 days are available. The card comes with free premiums.
  • Indian Bank VISA Business Credit Card: Corporates, limited companies, corporations, and sole proprietorships will all benefit from the Indian Bank VISA Business Credit Card. A single unit can receive up to 5 cards. Obtain credit caps ranging from Rs. 75,001 to Rs. 3 lakhs. Flight, recreation, servicing, renovations, and activities are all possible with the Indian Bank VISA Company Credit Card.

Indian Bank Credit Card Offers

Indian Bank Bharat Credit Card:

  • Domestic Use – The credit card is only valid in India.
  • Credit Limit – Rs. 19,999 is the maximum credit limit.
  • The finance fee on the Indian Bank Bharat Credit Card is only 1.79 percent each month, which is significantly lower than comparable credit cards.
  • Minimum Amount Payable – If you can’t afford to pay the whole amount owing, you can pay the minimum due amount, which is just 10% of the entire amount owed.
  • There is no annual fee or joining fee with this credit card.
  • Insurance Coverage – The following insurance coverage is available:
  • If a fatality happens as a result of an aviation mishap, you will be awarded Rs. 1 lakh.
  • 50,000 if death is caused by any other cause.
  • 50,000 rupees Purchase Protection Cover – Rs. 10,000 Hospitalization Cover Credit Shield in Case of Death

Indian Bank Gold Credit Card / Indian Bank Global Classic Card: These are credit cards issued by Indian Bank. The Gold and Classic versions of the Indian Bank Global Credit Card are available. The following are the key features of these credit cards:

  • Global Acceptance– Credit cards can be used all around the world.
  • Credit Limit – Your credit limit might range from Rs. 20,000 to Rs. 99,999.
  • Interest Rate – The finance fee is 1.99 percent each month, which is significantly lower than other popular credit cards on the market.
  • Reward Program – For every Rs.200 spent, you will receive 1 point worth Rs.1. Pay down your credit card payment with reward points. To utilise this feature, you must have a minimum of 500 points.
  • Insurance Coverage – Indian Bank Gold Credit Card customers are covered for the following:
  • If a fatality happens as a result of an aviation mishap, you will be awarded Rs. 5 lakh.
  • If the original cardholder dies for whatever cause, he or she would receive Rs. 2 lakh
  • and the add-on cardholder would receive Rs. 1.00 lakh.
  • Up to one lakh rupees Admission to a hospital Coverage for cardholders up to the age of 65. Cardholders between the ages of 66 and 80 are covered for Rs. 50,000.
  • Credit Shield – Rs. 25,000 in the event of death
  • Rs. 25,000 Purchase Protection Coverage
  • If your luggage is lost or stolen, you will be covered for Rs. 10,000.

Global Classic Credit Card of Indian Bank The following benefits will be available to cardholders:

  • If a fatality happens as a result of an aviation mishap, you will be awarded Rs. 2 lakh.
  • If the original cardholder dies for whatever cause, he or she will receive Rs. 1 lakh and the add-on cardholder would receive Rs. 50,000.
  • Up to 50,000 rupees Hospitalization coverage for cardholders under the age of 65. Cardholders between the ages of 66 and 80 are covered up to Rs. 25,000.
  • The bank has agreed to waive the outstanding sum in the event of death – Rs. 10,000.
  • Rs. 10,000 Purchase Protection Coverage
  • If your luggage is lost or stolen, you will be covered for Rs. 5,000.

The Indian Bank Platinum Card: This credit card is accepted all across the world. The credit card may be used both in India and abroad.

  • Get a credit limit of Rs. 1 lakh or higher.
  • Interest Rate – The finance fee is just 1.66 percent each month.
  • Reward Program – For every Rs. 200 spent, you will receive 1 point worth Rs. 1. After
  • you’ve accumulated at least 500 reward points, you can use them as statement credit.
  • No joining fee is required.
  • Platinum cardholders are covered by the following insurance policies:
  • For primary cardholders, Rs. 5 lakh is payable in the event of death due to an aviation accident, Rs. 2 lakh is payable in the event of death due to any other reason, and Rs. 1 lakh is payable for add-on cardholders.
  • Up to one lakh rupees Admission to a hospital Coverage for cardholders under the age of 65.
  • Only Rs. 50,000 is covered for cardholders between the ages of 66 and 80.
  • The outstanding sum that the bank will not seek in the event of death is Rs. 25,000.
  • The cost of the Purchase Protection Cover is Rs. 25,000.
  • The cost of lost luggage insurance is Rs. 10,000.

Visa Business Credit Card (Visa Gold/Platinum) from Indian Bank:

  • Global Coverage — The card may be used anywhere in the world.
  • Interest Rate – The card only charges interest at a rate of 1.99 percent each month.
  • Earn 1 reward point for every Rs. 200 spent in the Reward Program. 1 Reward point is worth Re. 1.00 and can be applied to your account as statement credit.
  • Yearly Fees – This card has a low annual cost of Rs. 500.
  • Insurance Coverage – Indian Bank Business Credit Card (Visa Gold/Platinum) users are covered for the following:
  • For primary cardholders, Rs. 5 lakh if death happens due to an aviation accident, Rs. 2 lakh if death happens due to any other reason, and Rs. 1 lakh for add-on cardholders.
  • Hospitalization up to Rs. 1 lakh Coverage for cardholders under 65 years of age. The coverage for cardholders between the ages of 66 and 80 is Rs. 50,000.
  • Credit Shield is Rs. 25,000 in case of death.
  • Up to Rs. 25,000 in Purchase Protection Coverage
  • The cost of lost luggage insurance is Rs. 10,000.

Why choose Indian Bank Credit Cards?

Indian Bank credit cards offered a number of advantages that make them a good competitor in the credit card market. The main advantages offered to the customers are:

  • The main advantage is that there is no annual charge or renewal fee for Indian Bank Credit Cards.
  • Accepted all over the world: About 1.5 lakh retailers in India accept the Indian Bank Credit Card. It’s also approved by over 30 million VISA-accepting retailers around the globe. The only card that is only available within India is the Bharat card.
  • Cashback and rewards: You will get 50 paise for every Rs. 100 charged on an Indian Bank Credit Card. To unlock the prizes, you must have at least Rs—500 in your account. You will exchange your reward points for cashback, which will be deposited into your bank account.
  • Interest-free lending period: The payments will be interest-free for a minimum of 15 days and a limit of 45 days. To keep the interest-free loop going, pay all of your bills in full.
  • Revolving Credit: Whether you spend the minimum amount owed on your credit card or make a partial payment, you will take the balance forward at a low interest rate. The interest is assessed on a pro forma basis and will be refunded after the credit card payment is made.
  • Comprehensive Insurance Scheme: With your Indian Bank Credit Card, you’ll get free insurance coverage. The policy provides life insurance in the event of death due to an aviation crash or some such form of accident. It protects you financially in the event of a collision, missing baggage, and other mishaps. Purchase security is also included in the insurance plan.
  • Getting a Cash Advance: With your Indian Bank Credit Card, you can get cash whenever you need it. Withdraw money from one of the 5,500 VISA ATMs in India or one of the 800,000 VISA ATMs worldwide.
  • Add-on cards include: Take advantage of up to four additional credit cards to share the excitement with your mates.

How to Apply for Indian Bank Gold Credit Card

  1. First of all, visit the Dialabank website.
  2. Pick the Indian Bank Bharat Credit Card from the page issued by Indian Bank.
  3. With the required details, fill in the application form for that card.
  4. Fill in all the necessary personal details correctly.
  5. Compare the eligibility criteria, and if you are eligible, then you can finish the online application.

How to Check Indian Bank Credit Card Status?

Following your credit card application, you can receive an SMS from the bank confirming your credit card application and including the reference number and application number.

The Indian Bank has launched a quick mechanism to monitor your credit card application status online to make the banking process easier. To search the Indian Bank credit card application online, follow the steps below.

You should go to the bank’s official website. You should go to the bank’s credit card site. You will check the status of your credit card application by entering your application reference number, application form number, telephone number, or date of birth.

Indian Bank Credit Card Customer Care

Indian Bank is a market-leading financial institution; they are known for their good customer relations and additional loan term benefit for their customers. To enhance this further, Indian Bank has a special credit card customer care helpline:

1800 425 00 000

The number of banks providing credit cards in India is large and is ever-increasing. This makes it difficult for you to find a new customer care number every time, hence save yourself from all that hassle and just call us for all your financial needs:

Dialabank: 9878981166  

Video

FAQs Indian Bank Credit Card

What is the interest rate on an Indian Bank credit card?

When a borrower makes a partial or no payment on their credit card bill, interest or finance charges apply. The interest is measured from the day of the contract to the day the payment is received, multiplied monthly.

Is there a limit on how much you can pay on your Indian Bank Bharat credit card?

Yes, you can’t use your Bharat credit card in a jewellery store. In addition, unlike other Indian bank credit cards, which have a cash advance limit of 40.00 per cent, Bharat has only a 25.00 per cent cash advance limit.

What happens if I don’t pay my Indian Bank credit card bill on time?

A tax will be levied if you fail to pay the full amount owed. Your credit balance will be lowered before you make a credit card payment. If you fail to make payments on your credit card for two months in a row, your card will be blocked, and you will be charged an extra fee. If you do not pay for three months, you will be marked as a defaulter.

What happens if I don’t pay my Indian Bank credit card bill on time?

A tax will be levied if you fail to pay the full amount owed. Your credit balance will be lowered before you make a credit card payment. If you fail to make payments on your credit card for two months in a row, your card will be blocked, and you will be charged an extra fee. If you do not pay for three months, you will be marked as a defaulter.

News for Indian Bank Credit Card

2021-05-12:

On the NSE, Indian Bank is currently trading at Rs 127.6, up 3.07 per cent on the day as of 12:49 IST. The stock has increased by 161.74% in the last year, compared to a 57.24 per cent increase in the NIFTY and an 82.34 per cent increase in the Nifty PSU Bank index.

2021-05-11:

Ratings for proposed Tier 2 and Tier 1 bonds have been received by Indian Bank.CARE Ratings has issued CARE AAA, Outlook Stable rating to Indian Bank’s proposed Basel III Tier 2 Bonds of Rs.1000 crore and CARE AA, Outlook Stable rating to Bank’s proposed Basel III Additional Tier 1 (AT1) perpetual Bonds of Rs.500 crore, according to the letter dated 10 May 2021.

2021-05-05:

Saravana Stores’ account has been declared fraudulent by an Indian bank. “We have to notify you that Saravana Stores (Gold Palace-performing )’s account (NPA) has been declared as fraud and submitted to RBI as per regulatory requirements,” Indian Bank said in a regulatory filing.

2021-04-28:

A Memorandum of Understanding has been signed between Indian Banks and BSNL. Bharat Sanchar Nigam Limited and Indian Bank have signed an MoU to provide the bank with seamless telecom services at a reasonable cost. According to the press release, the MoU was signed in the presence of Indian Bank’s executive director which BSNL’s chief general manager, Chennai Telephones, and will have access to cutting-edge technology at very affordable rates.

 

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