This card comes free of cost for the first year and offers conditional joining benefits of upto Rs. 125 along with reward value of Rs. 0.50 on spending of each Rs. 150.
The card doesn’t offer any exclusive benefits other than the regular reward value and fuel surcharge waiver.
In order to earn benefit equal to the annual fee on the card, you have to spend Rs. 12,500 monthly on the card. Unless you make all your expenses on the card, it is hard to retain a good benefit on it, which makes it a good fit for a family card, where monthly expenses easily reaches the minimum beneficial expense criteria.
IDBI Bank Euphoria Card comes with a joining benefit of Rs. 1000 and offers reward value of upto Rs. 1.50 against each Rs. 100 spending. Moreover, you get access to Mastercard domestic lounges, lost card liability cover, and conditional annual fee waiver along with accidental death cover of Rs. 25 Lacs.
In order to earn the joining benefit of Rs. 1000, your first transaction must be of minimum Rs. 1000. Moreover, the annual fee of Rs. 1499 is quite high against no renewal benefits.
Though, you don’t get any renewal benefits on the card, you can simply get your annual fee waived off by spending only Rs.12,500 monthly. With a low interest rate of only 2.90% per month, complimentary lounge access and incremental reward benefit on travel bookings, it seems like a good fit for a traveler.
This card offers flat savings of 10% as a joining benefits and offers reward value of Rs. 0.50 on spending of each Rs. 100. Moreover, you earn double reward value on all your eligible expenses in your birthday month. Additionally, you can earn reward value of Rs. 125 on monthly milestone spending criteria.
Apart from the reward benefits, you get complimentary domestic lounge access and insurance protection covers.
This is a Rupay Card, means this card will not be valid for any international transaction and comes with high APR of 40.8%.
The card does offer average benefits, unless you’re a frequent air traveler. The annual fee of Rs. 899 is a bit high as per the benefits offered, for non-traveler; However, you can easily avail annual fee waiver by spending Rs. 7500 monthly on the card. Apart from that, the high APR makes it hard to choose.
The Royale Signature card comes free of cost for the first year and offers conditional welcome benefit of up to Rs. 187.50. You can earn reward value of Rs. 0.75 on spending of each Rs. 100 on the card. Moreover, you get complimentary access to domestic lounges along with accidental death cover.
The card doesn’t offer any renewal benefits against annual fee of Rs. 1499 along with no provision of annual fee waiver.
Although, the card becomes heavy on the cardholder’s pockets from the 2nd year, it comes with low APR of 30%. If you are not a frequent spender, then you should skip this card.
This is a secured credit card offered by IDBI Bank, which can be availed against a minimum fixed deposit value of Rs. 20,000. The card is average on reward value with Rs. 0.50 against each Rs. 150 spending. It comes with an annual fee of Rs. 499 which can be easily waived off by spending Rs.6300 monthly on the card, and offers low APR of 34.80%.
However, you don’t get any privileges on the card such complimentary lounge access or fuel surcharge waiver.
|Age||18 to 70 Years
Minimum 15 Years
For Add-on Cardholder
|Income||Rs. 9 Lacs
For Signature Card
Minimum Rs. 20,000 Deposit Amount
For Insta Easy Card
|Foreign transaction fee||3.5% foreign currency markup|
|Late Fee||Zero to Rs. 750|
|Minimum Payment||5% of the outstanding amount.
Min Rs. 200
|Over-limit fee||2.5% of the overlimit amount.
Min Rs. 500
|Returned payment fee||Rs. 225 per instance.|
|EMI Conversion Charges||13% per annum interest with zero processing charges|
|EMI Conversion Charges||2.9% per month interest with a processing fee equal to 1.5% of the transfer amount.
Min Rs. 199
You’ll receive a confirmation message from IDBI Bank after completion of the application form.
Note: If your application was rejected, you would be able to apply after 3 months of your previous application.