The IndusInd Platinum Select Credit Card is a distinguished financial product crafted to cater to individuals who value exceptional lifestyle benefits, comprehensive reward programs, and unique privileges. This premium offering is meticulously designed to deliver an enhanced experience, seamlessly blending convenience with sophistication to meet the needs of selective customers. Below is an extensive review of the card, delving into its standout features, remarkable advantages, applicable fees, and a detailed guide on how to apply for it effortlessly.
Key Features and Benefits
- Reward Points Program
- Earn reward points every time you spend.
- 1.5 reward points for every ₹150 spent on weekdays.
- 2 reward points for every ₹150 spent on weekends.
- Redeem reward points for a variety of options like merchandise, travel bookings, and more.
- Fuel Surcharge Waiver
- Enjoy a waiver on fuel surcharge at petrol pumps across India.
- Applicable on transactions between ₹400 and ₹4,000.
- Travel & Entertainment Benefits
- Discounts on movie tickets and exclusive dining offers at partner restaurants.
- Access to travel benefits like lounge access (if applicable).
- Concierge Services
- 24×7 concierge services for booking reservations, travel assistance, and more.
- Security Features
- Zero liability on lost cards if reported immediately.
- Advanced fraud detection and chip-based card for enhanced security.
Fees and Charges
- Joining Fee: As per the bank’s discretion (often waived during promotions).
- Annual Fee: Nil (Lifetime free card).
- Interest Rate: Up to 3.83% per month (46% per annum), subject to usage.
- Late Payment Fee: ₹100 to ₹1,000 depending on the outstanding balance.
Eligibility Criteria
- Age:
- Salaried individuals: 21 to 60 years.
- Self-employed individuals: 21 to 65 years.
- Income:
- Minimum ₹25,000 per month (varies by applicant profile).
- Other Requirements:
- Good credit score (preferably 750 or above).
- Indian resident with valid ID and address proof.
Required Documents
- Identity Proof: Aadhaar Card, Passport, or PAN Card.
- Address Proof: Utility Bills, Passport, or Aadhaar Card.
- Income Proof: Recent salary slips or latest ITR (for self-employed individuals).
- Passport-sized photograph.
How to Apply
You can apply for the IndusInd Platinum Select Credit Card through the following methods:
- Online Application:
- Visit the official IndusInd Bank website.
- Navigate to the credit card section and select ‘Platinum Select Card.’
- Fill out the application form with your details and submit the required documents.
- Once submitted, the bank will review your application and contact you for further verification.
- Visit a Branch:
- Visit the nearest IndusInd Bank branch with the required documents.
- Fill out the physical application form and submit your documents.
- Customer Care:
- Call IndusInd Bank customer care to express your interest. They will guide you through the application process.
Pros and Cons
Pros:
- Lifetime free card with no annual fee.
- Attractive reward points program.
- Fuel surcharge waiver and dining offers.
Cons:
- Limited travel benefits compared to other premium cards.
- No direct cashback option.
Conclusion
The IndusInd Platinum Select Credit Card is an excellent choice for individuals looking for a straightforward, lifetime-free credit card that offers attractive reward benefits. It is particularly well-suited for everyday expenses such as fuel purchases, dining out, and regular daily spending. This card provides a hassle-free way to earn rewards without the burden of annual fees. However, if your preferences lean towards more comprehensive travel benefits or you’re seeking higher cashback rates, exploring other premium credit card options might be a better fit for your needs and lifestyle.