IDBI Aspire Platinum Credit Card

The IDBI Aspire Platinum Bank credit card was introduced by IDBI Bank and offers you special privileges and lifestyle perks on your purchases. For every Rs 150 spent on lodging, meals, and travel, you receive 2 Delight points. Additionally, if you spend Rs 1500 or more during the first 30 days of receiving the card, you will receive 500 joy points. Additionally, you receive 300 joy points when you spend Rs 1500 or more within 31 to 90 days of the card’s issuance. With credit cards, you also receive further advantages including a remission of the fuel surcharge, 0% protection liability, and an EMI option. To learn more specifics about this credit card, continue reading.

Benefits And Features Of IDBI Aspire Platinum Credit Card

You may earn reward points in a variety of categories with the IDBI Bank Aspire Platinum Credit Card, including dining, travel, lifestyle, and more. The following are some of this credit card’s main characteristics and advantages:

Welcome E-Kit

• You will receive a welcome e-Kit after you sign up for the IDBI Aspire Platinum Credit card. The card, the cardholder’s agreement, and the terms and conditions are all covered in great detail in this welcome e-kit. Everything is going to be in pdf format. Therefore, everything will be available for download. Carefully read through this e-Kit.

Welcome Gift

• When you use your card for the first time within 30 days, you will receive 500 reward points.
• Alternatively, if you use your card between 31 and 90 days, you can receive 300 reward points.
• To take advantage of this promotion, make your first purchase cost at least Rs. 1500.

Reward Points

• ‘Delight’ points, which are reward points, are available with the IDBI Aspire Platinum Credit Card. Using the IDBI Aspire Platinum Credit Card for purchases of Rs. 1500 or more within the first 30 days of card issuance will earn you 500 joy points. Additionally, if you use your IDBI Aspire Platinum Credit Card for purchases totaling at least Rs. 1500 within the first 31 to 90 days after card issuance, you could receive 300 joy points. After that, for every 150 Rs. you spend using your IDBI Aspire Platinum Credit Card, you will receive 2 joy points. So remember to earn money when you spend it in the form of delight points.

Following our examination of the reward points, let’s move on to the process of redeeming them.

Reward Points Redemption

• You can exchange the joy points you accumulate with every purchase for things like travel, shopping, dining, and other expenses. These joy points can also be redeemed for cashback and applied to your outstanding debt. Your primary card will combine the reward points you accumulate with the add-on cards.

Waiver On Fuel Surcharge

• Get the 2.5% surcharge eliminated when you fill up your tank for any sum between Rs. 400 and Rs. 4000. A maximum of Rs. 300 in fees may be waived each month.

Visa Offers

• Exclusive VISA Platinum offers on airport shopping, auto rentals, hotels, and other services are available to cardholders.

Concierge Services

• Additionally, VISA offers concierge services for any problems relating to travel.

Instant EMI Facility

The IDBI Aspire Platinum Credit Card has an EMI feature.

• A minimum payment of Rs. 3000 is required for the EMI facility offered by the IDBI Aspire Platinum Credit Card. You don’t need to worry about significant charges with this EMI facility because you can pay a sizable sum in EMIs. Three, six, nine, and twelve months are the EMI tenure options. There will be a 13% interest charge. The IDBI Aspire Platinum Credit Card’s finest feature is that there are no processing or foreclosure fees. Don’t forget to utilize the IDBI Aspire Platinum Credit card’s EMI capability as much as possible.

Supplementary Cards

• The advantages of the Aspire Platinum should be discussed with your family. An add-on card is available to any member of your immediate family who is older than 18. Rewards points acquired on additional cards will be added to those on the main card. The IDBI Aspire Platinum Credit Card allows you to use one add-on card.

Interest- Free Credit Period

• Cardholders are eligible for up to a 48-day credit period on their purchases. Select whether to pay the entire amount, a portion of it, or the bare minimum.

Internationally Accepted

• Over 29 million establishments worldwide accept the IDBI Aspire Platinum Credit Card. More than 9 lakh merchants in India alone accept the card for payment.

EMV Chip And Pin Enabled

• A microchip that is implanted in the credit card improves security and safeguards against fraud and card duplication. When using the PIN option, you must enter your personal identification number to confirm any credit card transaction.

No Liability For Lost Card

• Contact IDBI bank credit card customer service right away if you lose your credit card. Once you’ve reported the loss, IDBI will pay any unauthorized charges made to your credit card.

Fees And Charges Of IDBI Aspire Platinum Credit Card

Type of Fees / Charges	Amount / %
Joining Fee – (Primary / Add-on Card)	Nil
Annual Fee – (Primary / Add-on Card)	Nil
Renewal Fee – (Primary / Add-on Card))	Nil
Interest on Revolving Credit Facility	2.9% (p.m.)
Cash Advance Fee	Whichever is greater: 2.5% of transaction fee or 500
Interest on Revolving Credit Facility	2.9% (p.m.)
Late Payment Fess (Per occasion , Based on amount due)	=Rs. 500 – Nil> > Rs. 500 to = Rs. 5000 – Rs. 400 > Rs. 5000 to =Rs. 10000 – Rs. 500 > Rs. 10000 to =Rs. 20000 – Rs. 750 > Rs. 20000 – Rs. 950
Over Limit Charges	2.5% of amounts beyond the limit, subject to a minimum of 500
Cheque / Auto Debit Return Charges	Rs. 500
Cash Processing Charges	Rs. 200
Duplicate Physical Statement Request	100 rupees (older than three months)
Card Replacement Fee	Rs. 200
Foreign Currency Transactions	3.5% in bank fees and currency markup
Rewards Points Redemption Fee	Nil
EMI Charges	Minimum Amount: 3000 rupees Rate of Interest: 13% annually Fees for processing and foreclosure: 0% EMI Options for tenure: 3, 6, 9, or 12 months
Balance Transfer Charges	Minimum Amount: 3000 rupees Processing Fee: 1.5% of the BT amount or Rs. 199—whichever is greater—and regular EMI interest rates will be used.
Card Account Closure Charge	Nil

Eligibility Criteria For IDBI Aspire Platinum Credit Card

The following qualifications apply to the IDBI Aspire Platinum Credit Card:

• You must have a current or savings account with IDBI. Bank
• Age: You must be at least 21 years old to obtain credit, and you can obtain credit until you are 60 years old. (Self-employed: 65 years old)
• Credit Score: A minimum credit score of 650 is required to apply for a credit card. Your application will probably be turned down if you received a low score. If your credit score is between 750 and 900, you have a better chance of being approved for a credit card.
• Monthly Income: A reliable source of income is necessary to apply for a credit card. If you can show evidence of a consistent revenue stream, both paid employees and independent contractors can apply for a card.
• Nationality: Indians and Non-Resident Indians are the only qualifying nationalities.

Documents Required For IDBI Aspire Platinum Credit Card

The following paperwork is needed to finish the IDBI Aspire Platinum Credit Card application process:

Identity Proof	Aadhaar, PAN, voter ID, passport, and driver’s license
Address Proof	Aadhaar cards, passports, licenses, utility bills (electricity, gas, water, etc.) that are no older than three months, ration cards, property registration documents, rental agreements, or any other form of address verification that has been accepted by the government
Income Proof	Income Tax Returns (ITR)/Form 16/Latest 3 Months Salary Slip/Latest 3 Months Bank Statement

Pros And Cons Of IDBI Aspire Platinum Credit Card

The IDBI Aspire Platinum Credit Card has the following benefits and drawbacks:

• As you spend money, you might earn money in the form of joy points.
• You must immediately notify the bank if you lose your IDBI Aspire Platinum Credit Card. You won’t be held accountable for any fraudulent activity that occurs after you report the card because the bank will assume full liability for it.
• You can use the card everywhere in the world because it is widely accepted.
• The best part is that your purchases are interest-free for 48 days.
• You have complete freedom to decide how you will pay with the IDBI Aspire Platinum Credit Card.
• You have the option of paying the entire outstanding balance, the minimum payment required, or any sum you choose that is higher than the minimum payment due.
• The IDBI Aspire Platinum Credit Card gives greater perks for shopping, travelling, and other activities, which is the main drawback. Therefore, you might not be able to maximize the use of this card if you don’t purchase or travel frequently.

How To Apply For IDBI Aspire Platinum Credit Card

To apply for the IDBI Aspire Platinum Credit Card, follow these steps:

• Applying for the IDBI Aspire Platinum Credit Card is a straightforward process. By calling the bank or going in person to the closest branch, you can finish the application procedure. The bank can be reached via phone at 1800 425 7600 and 022 4042 6013. Therefore, you can contact them by dialing these numbers. As soon as you contact the bank, a representative will help you through the full application procedure.

Should You Apply For IDBI Aspire Platinum Credit Card?

The IDBI Bank Aspire Platinum Credit Card is ideal for those who desire to accumulate reward points in a variety of categories, including dining, travel, and lifestyle. For every Rs. 150 you spend with this card, you can earn 2 reward points. However, compared to other rewards credit cards on the market, the rewards rate offered by this credit card is low. Another perk is that this card has lowered eligibility requirements, which makes it simpler to qualify for and offers benefits on petrol as well. Overall, this is a decent alternative for those who are new to credit and want to earn reward points without having to pay an annual fee.

Other Similar Credit Cards

You can look at the credit cards listed in the table below if you want a credit card that provides advantages similar to those of the IDBI Bank Aspire Platinum Credit Card:

Credit Card	Annual Fee	Key Feature
Axis Ace Credit Card	Rs. 499	10% cashback on DTH, cellphone, and bill payment
SBI SimplyCLICK Credit Card	Rs. 499	10X reward points on partner online purchases
HSBC Cashback Credit Card	Rs. 750	1.5% return on every online purchase
Standard Chartered Platinum Rewards Credit Card	Rs. 250	On every Rs. 150 spend on upscale dining and petrol, you earn 5X reward points.
ICICI Bank Coral Contactless Card	Rs. 500	2 points are awarded for every Rs. 100 spent.

Customer Care

Let’s say you have a question, a grievance, or a problem with a credit card. You can call the Bank of IDBI Bank’s Toll Free Customer Care Number at 1800 425 7600 or Non-Toll Free at 022 4042 6013 (24/7) in that situation. Alternatively, you can email your question to idbicards@idbi.co.in. Make sure to keep in mind these ideas and utilize the incredible advantages and privileges that the IDBI Aspire Platinum Credit card has to offer!

Conclusion

An entry-level credit card, the IDBI Aspire Platinum Bank credit card offers great rewards for dining, shopping, and travel expenses. When using this card along with the IDBI Aspire Platinum Bank credit card, you receive 2 reward points for every Rs 150 spent. Customers of this card are not required to pay an enrollment or renewal fee.

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