IDBI Aspire Platinum Credit Card
The IDBI Aspire Platinum Credit Card is a great option for those looking to earn rewards while spending on shopping, dining, and travel. With this card, you get 2 Delight Points for every Rs. 150 spent, helping you save as you spend. As a welcome bonus, you can earn 500 Delight Points if you spend Rs. 1500 within the first 30 days of getting the card. If you meet the same spending requirement between 31 and 90 days, you will receive 300 Delight Points. The card also offers useful benefits like a fuel surcharge waiver on fuel purchases between Rs. 400 and Rs. 4000, with a maximum waiver of Rs. 300 per month. Other key features include zero liability protection, keeping you safe from unauthorized transactions, and an EMI option to help manage big purchases with easy monthly payments.
In addition to rewards and savings, the IDBI Aspire Platinum Credit Card comes with VISA Platinum benefits, offering discounts on airport shopping, hotel stays, and car rentals. You also get VISA concierge services for travel-related assistance. If you want to share these benefits with family members, you can get supplementary cards for immediate family members who are 18 years or older, with all reward points combined under the main account. The card has no joining or renewal fees, comes with a long interest-free period, and offers a low-interest rate, making it a great choice for everyday use and smart spending.
Rewards and Benefits
Fees & Charges
What should you consider before applying for a credit card in India?
Key Considerations Before Applying for a Credit Card in India:
- Eligibility Criteria: Ensure you meet the eligibility requirements, which typically include age, income, credit score, and employment status as defined by the issuing bank or financial institution.
- Credit Score: A strong credit score can significantly improve your chances of approval and result in more favorable terms, such as lower interest rates or higher credit limits. Verify that your credit score is healthy before applying.
- Interest Rates and Fees: Compare the annual percentage rates (APR), processing fees, late payment penalties, and foreign transaction charges associated with various cards. These costs can vary widely and impact the overall value of the card.
- Rewards and Benefits: Evaluate the rewards, cashback, discounts, or other perks offered by the card to ensure they align with your spending patterns. Some cards may provide better benefits in specific categories, such as travel, shopping, or dining.
- Credit Limit: Review the credit limit offered by the card to ensure it meets your financial needs. Avoid applying for cards with excessive limits if you are concerned about managing debt, as this can lead to higher interest charges.
- Repayment Terms: Understand the repayment structure, including the minimum payment amount, payment due dates, and any associated penalties. Being clear about these terms can help you manage payments effectively and avoid interest buildup.
- Card Type and Features: Choose a card type that matches your specific needs—whether standard, premium, or specialized cards like those offering travel rewards or dining privileges. Ensure the features of the card align with your lifestyle and spending habits.
- Bank’s Reputation: Opt for a financial institution with a proven reputation for customer service and transparency. Consider researching customer reviews and assessing their support channels to ensure reliable service.
- Hidden Charges: Be aware of any hidden fees, including annual fees, balance transfer charges, foreign transaction fees, or cash withdrawal charges. These can add up over time and affect the overall cost-effectiveness of the card.
- Credit Utilization: Maintain a balance within your credit limit to avoid high credit utilization ratios, which can negatively impact your credit score. Responsible use of credit is essential for maintaining financial health.
- Long-Term Financial Plans: Consider how the credit card fits into your overall financial strategy. Avoid accumulating unnecessary debt and choose a card that supports your long-term financial goals without adding financial strain.
How can I earn reward points?
You earn 2 reward points for every Rs. 150 spent on purchases. You can check your accumulated points through internet banking or by contacting customer support.
How do I redeem my reward points?
You can redeem your points through internet banking or by calling IDBI customer care. Cashback will be credited to your credit card account and can be used for future transactions or bill payments.
What is the foreign transaction fee on this credit card?
A 3.5% markup fee applies to currency conversions when making international transactions.
How much can I save with the fuel surcharge waiver?
You can receive a maximum waiver of Rs. 300 per statement cycle on fuel transactions.
How do I qualify for the welcome bonus?
Spend Rs. 1500 within 30 days of card activation to receive 500 reward points. If you spend the same amount between 31 and 90 days, you will earn 300 reward points instead.
How can I get an add-on card for my family member?
Visit an IDBI Bank branch, fill out the add-on card application, and submit ID and address proof for the family member.
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