IndusInd Bank ePay Amex Credit Card
IndusInd Bank ePay Amex Credit Card is a fully virtual credit card launched by IndusInd Bank in collaboration with American Express. It comes with a 3-month Zomato Gold Membership as a welcome benefit. The card rewards users with increasing reward points based on transaction activity. Once you complete 10 transactions in a statement month, you start earning 10 reward points per transaction. These points can be redeemed for various benefits, including cash credit, air miles, flights, and hotel stays through Indus Moments. Additionally, spending ₹2 lakh in a year unlocks a complimentary Time Prime Membership worth ₹1,199.
IndusInd Bank ePay Amex Credit Card ensures secure and hassle-free digital transactions, eliminating the need to carry a physical card. This added security makes it convenient for everyday use. The card also offers a cashback reward for timely bill payments—if you pay your statement within seven days of issuance, you receive 5% cashback. Moreover, by making transactions consistently for 11 months, you can earn double the reward points, meaning 20 points per transaction after every 10th transaction. This card is perfect for those who prefer digital payments with added benefits and security.
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 do I activate my Zomato Gold Membership?
To activate your 3-month Zomato Gold Membership, open the Zomato app, go to your profile, and tap on the Zomato Gold section. Enter the coupon code received via email or SMS under “Apply coupon code” and click “Join Gold Now” to activate your membership.
How many Reward Points can I earn in a month?
The number of Reward Points you can earn depends on your spending and your credit limit. There is a maximum limit based on your credit limit, but the more you spend, the more points you earn. You can later redeem these points for different rewards.
What is the rewards program for the IndusInd Bank ePay Amex Credit Card?
This card comes with a special rewards program where you earn Reward Points on every transaction. These points can be used to reduce your outstanding credit card bill. Each Reward Point is worth ₹0.35 when redeemed for cash credit.
How can I contact customer support?
If you have any questions or need help, you can email priority.care@indusind.com.
Leave a Reply