Indian Bank

Indian Bank Platinum Credit Card

MastercardRewardsMid Tier: PlatinumLifetime free
Lounge accessTravel insuranceDining benefitsFuel waiver
Free
1st year fee
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Fees
Annual feeNil (per official T&C; DB previously showed INR 1,500 - unverified source)
Joining feeINR 1,500 + GST
Renewal feeINR 1,500 + GST
Fee waiverSpend INR 1,50,000 in 12 months
Spend waiverSpend INR 1,00,000 in 12 months
Interest rate1.66% per month (per official T&C)
Late paymentINR 100-INR 400 (based on amount due)
Forex markup2.00%
Cash advance2.5% of amount (min INR 400)
Eligibility
Min income (salaried)INR 40,000 - INR 60,000
Min income (self-emp.)INR 8 - INR 10 lakh/year
Credit score700 - 750 (CIBIL score)
Age range21 to 60
Employment typeBoth
Resident typeIndian Resident
Rewards & cashback
Accelerated rateYes
Cashback %1.5% - 2%
Cashback capINR 2,000 - INR 3,000/month
Redemption optionsStatement Credit, Air Miles, Gift Vouchers
Points expiry3 Years
Travel & lounge
Domestic lounge4-8 visits/year
International lounge2-4 visits/year
Lounge conditionsYes
Insurance coverageYes
Hotel/flight offers10% - 15%
ConciergeYes
Forex waiver1.5% - 2.0%
Lifestyle
Dining discountsYes
Fuel surchargeYes
OTT subscriptionsLimited
E-commerce offersYes
Credit limit & EMI
Default limitINR 75,000 - INR 1.5 lakh
Max limitINR 3 - INR 5 lakh
Cash withdrawal20% - 40%
EMI conversionPost-purchase
Min EMI amountINR 2,500 - INR 3,000
Balance transferYes
BT interest rate1% per month
Insurance & protection
Purchase protectionYes
Lost card liabilityYes
Digital & security
ContactlessYes
Virtual cardYes
App featuresReal-time Alerts, Reward Tracking, Equated Monthly Instalment (EMI) Conversion
Card controlsBlock/Unblock, Limit Set, International Enable/Disable
Fraud protectionReal-time Alerts, Zero Liability
Zero liabilityZero liability if reported within 3 working days
WhatsApp supportYes
Ideal for

Frequent Travelers, Lifestyle Spenders

Read our guides
Airport Lounge Access GuideHow EMI WorksHow Rewards WorkJoining Fee vs Annual Fee

Know your rights

Banks cannot send you a credit card you didn't apply for. If they do and bill you, they must reverse the charge AND pay you twice that amount as penalty, automatically, no questions asked.