IDBI Bank Aspire Platinum Credit Card: Fees, Charges, Features & Eligibility

Do you always get disappointed because you hardly earn any reward points? If yes, then do not worry as the IDBI Aspire Platinum Credit Card will never disappoint you. The IDBI Aspire Platinum credit card assures you maximum benefits as it is uniquely meant for offering benefits and discounts when it comes to traveling, dining, etc not just in India but also overseas. So your hunt ends here as the IDBI Aspire Platinum Credit Card is the most beneficial card for you. We will be further discussing everything about the IDBI Aspire Platinum credit card. So make sure that you stick around till the very end and read this article carefully.

Let us now move on and understand the features and benefits of the IDBI Aspire Platinum credit card.

Features and Benefits

• Joining Fee: The IDBI Aspire Platinum Credit Card has no ‘Joining’ as well as ‘Annual’ fee. So you will not spend unnecessary money on the joining and annual fees.
• Welcome offer: The cardholders get a special ‘Welcome offer’ where in you can earn 500 reward points when you use your card within 30 days of your card issuance. 

There is an alternative option to this and that is you can earn 300 reward points when you use your card between a period of 31 to 90 days. But you have to note that this is applicable only when the transactions are Rs. 1500 and above. 

• Reward Points: The IDBI Aspire Platinum Credit Card offers 2 delight points for every 150 rupees that you spend.

The IDBI Aspire Platinum Credit Card enables you to choose the payment method, you can pay the total outstanding amount, the minimum amount due, or even any amount that is higher than your minimum due amount.

• Fuel Surcharge Waiver: IDBI Aspire Platinum Credit Card offers a waiver of 1% on any fuel station but you have to note that the transaction should be of the amount between Rs. 400 to Rs. 4000. ( The maximum waiver amount is Rs. 300)

• Wider Acceptance: The IDBI Aspire Platinum Credit Card is widely accepted not just in India but all over the world. It is accepted by over 9 lakh merchants in India and over 29 million merchants over the world.
• Interest-free Period: You get an interest-free credit of around 48 days on your transactions.
• Family Cards: You can have add-on cards for your family members but you have to note that the add-on cardholders should be of 18 years and above.

• Welcome e-Kit: Once you join the IDBI Aspire Platinum Credit card you will be given a welcome e-Kit. This welcome e – kit includes detailed information and instructions about the card, the cardholder’s agreement, and the terms and conditions. All this will be in a pdf format. So you will be able to download everything and make sure that you go through this e-Kit thoroughly.

So these were the features of the IDBI Aspire Platinum Credit Card. Let us now look at the reward points and how you can redeem them.

Reward Points

The IDBI Aspire Platinum Credit Card offers reward points in the form of ‘Delight’ points. It offers 500 delight points on the use of the IDBI Aspire Platinum Credit Card of Rs. 1500 and above within the first 30 days of the card issuance. Not just this but you also have a chance to earn 300 delight points on the usage of the IDBI Aspire Platinum Credit Card of Rs. 1500 and above within the first 31 to 90 days of card issuance. Then further on you will earn 2 delight points on every 150 Rs. that you spend with your IDBI Aspire Platinum Credit Card. So do not forget to earn money in the form of delight points while you spend it.

Now that we have looked at the reward points let us now go on and see how you can redeem these reward points.

Reward Points Redemption

The delight points that you earn with every spend can be redeemed and used for traveling, shopping, dining, etc. You can also redeem these delight points in the form of cashback and use them to pay your outstanding balance. The reward points that you earn with the add-on cards will be merged with the primary card.

Fees and Charges

Joining Fee	Free
Annual Fee	Free
Add-on Card Fee	Free
Interest on revolving Credit Facility	2.9% per month
Cash Advance Transaction Fee	2.5% of Transaction amount or Rs. 500, (whichever is higher)
Interest on Cash Advance	2.9% per month
Late Payment Fee	Up to Rs. 500 = Nill Rs. 500 to Rs. 5000 = Rs. 400 Rs. 5000 to Rs. 10000 = Rs. 500 Rs. 10000 to Rs. 20000 = Rs. 750 Above Rs. 20000 = Rs. 950
Foreign Transaction Fee	3% Cross Currency Mark up
Over Limit Fee	2.5% of the over limit amount Min Rs. 500
Rewards Redemption Fee	Nill
Free Credit Period	48 days (depends on your statement date)
Cheque / Auto Debit Return Charges	Rs. 500
Card Replacement Fee	Rs. 200
Balance Transfer Fees	Min Amount: Rs. 3000 1.5% of amount or Rs. 199 (whichever is higher)

So this was everything about the IDBI Aspire Platinum Credit Card’s reward points and their redemption. Now let us move on and understand the EMI facility and what are the pros and cons of the IDBI Aspire Platinum Credit Card.

EMI Facility

EMI facility by the IDBI Aspire Platinum Credit card –

The IDBI Aspire Platinum Credit card offers an EMI Facility but the minimum amount should be Rs. 3000. With this EMI facility you do not have to worry about large expenses as you can pay a huge amount in the form of EMI. The tenure available for EMI is 3, 6, 9, and 12 months. The interest rate will be 13%. The best part is that the IDBI Aspire Platinum Credit card does not charge any processing fee or foreclosure fee. So do not forget to make the most of this EMI facility offered by the IDBI Aspire Platinum Credit card.

Eligibility Criteria

The eligibility criteria for the IDBI Aspire Platinum Credit Card is as follows –

• Bank Account: You must have a Savings or Current Account in IDBI Bank
• Age: Banks have a minimum requirement of 21 years, while you can avail of credit for a maximum age of 60 years. (65 years for self-employed)
• Credit Score: To avail of a credit card, you should have a minimum Credit Score of‭ ‬650.‭ If you have a bad score, your application will likely be rejected. Your chances of getting a credit card increase, If you have a good credit score, anywhere from 750 to 900.
• Monthly Income: To avail of a credit card,‭ ‬a steady flow of income is required.‭ ‬Both salaried and self-employed can avail of a card as long as you provide proof of steady income flow.
• Nationality: Only Indians and Non-Resident Indians are eligible

Documents Required

Here are the documents required to complete the application process for the IDBI Aspire Platinum Credit Card –

Identity Proof	Aadhaar Card, PAN Card, Voter ID Card, Passport, Driving Licence
Address Proof	Aadhaar Card, Passport, Driving Licence, Utility Bill (Electricity, Gas, Water…) not more than 3 month’s old, Ration Card, Property Registration Document/Rent agreement or any other government approved address proof
Income Proof	Latest 3 months Salary Slip / Latest 3 months Bank Statement / Income Tax Returns (ITR) / Form 16

Pros & Cons

Here are the Pros and Cons of the IDBI Aspire Platinum Credit Card –

1. You can earn money while you spend it in the form of delight points.
2. If I case you lose your IDBI Aspire Platinum Credit Card then you immediately have to report it to the bank. Once the card is reported, you will not be held accountable for any fraudulent activity after reporting the card as the bank will take full responsibility for it.
3. The card is widely accepted so you can use it anywhere in the world.
4. The best thing is that you get a 48 days interest-free period on your purchases.
5. The IDBI Aspire Platinum Credit Card gives you full liberty to choose how will you pay. You can pay the full outstanding amount or the minimum due amount or any amount of your choice that is above the minimum due amount.
6. The only con is that the IDBI Aspire Platinum Credit Card offers more benefits for traveling, shopping, etc. So if you are someone who doesn’t shop or travel much then you might not be able to make the most of this card.

These were the pros and cons of the IDBI Aspire Platinum Credit Card. Let us now see how you can get an IDBI Aspire Platinum Credit Card for yourself.

How To Apply

Here’s how you can apply for the IDBI Aspire Platinum Credit Card –

The method of applying for the IDBI Aspire Platinum Credit Card is simple. You can complete the application process by visiting the nearest branch in person or you can even call the bank. The official phone numbers of the bank are 1800 425 7600 and 022 4042 6013. So you can get in touch with them by calling on these phone numbers. Once you get in touch with the bank the representative will assist you in the entire application process.

Customer Care

Suppose you have a credit card-related inquiry, complaint, or issue. In that case, you can directly give a call on the Bank of IDBI Bank Toll Free Customer Care Number: 1800 425 7600 or Non Toll Free Number: 022 4042 6013 (24×7 service) Or, you can send your query via email: [email protected]

So we have now covered everything you needed to know about the IDBI Aspire Platinum Credit card. Make sure that you remember these points and take advantage of these amazing benefits and perks offered by the IDBI Aspire Platinum Credit card!