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    Indian Bank Global Classic Credit Card

    Card
    1st Year Fee
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    Response Time Within 30 minutes

    Indian Bank Global Classic Credit Card

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    Overview:

    Indian Bank presents the Global Classic Credit Card which provides a variety of privileges and benefits to its cardholders. Enjoy this card free of cost as there are no joining fees or annual fees. Avail of add on cards for up to 4 of your family members at a one-time charge of Rs. 100. Get free insurance cover against a number of risks for yourself and your first add-on cardholder. The Indian Bank Global Classic Credit Card carries one of the lowest finance charges of 1.99% per month while giving you a credit period of 15 days to 45 days. Make your spends more rewarding as you earn 50 paisa for every Rs. 100 you spend. Accumulate Rs. 500 and collect it in the form of cash back. The card is accepted worldwide at over 30 million merchants and 800,000 VISA ATMs around the world.

    Benefits of Indian Bank Global Classic Credit Card:

    • No Joining Fees:
    • Avail of this card free of cost from Indian Bank. The card bears no fees to become a cardholder. For add on cards, there is a one-time fee of Rs. 100.

    • No Annual Subscription Charges:
    • Indian Bank does not levy any charges annually for card membership. The Global Classic Credit Card is completely free. Add on cards also bear no annual charges except for a one-time fee of Rs. 100.

    • Rewards:
    • Earn 50 paisa for every Rs. 100 spent on your Indian Bank Global Classic Credit Card. You can redeem the rewards in the form of cashback once you have accumulated Rs. 500.

    • Cash Advance:
    • Get upto 40% of your credit limit in cash subject to a maximum of Rs. 25,000 per day. A small fee of Rs. 50 is charged for the cash withdrawal transaction. You can make withdrawals from any Indian Bank ATM or any other of the 5,500 ATMs that accept VISA in India. The card is also accepted at 800,000 VISA ATMs around the world.

    • Insurance Plans:
    • Get comprehensive cover with your Global Classic Card against a variety of risks. The first add on cardholder gets unique coverage.

    • Purchase Protection:
    • You are protected for up to Rs. 10,000 against fraudulent products and related issues. Be safe from unscrupulous sellers when you buy with your Indian Bank Global Classic Credit Card.

    Features of Indian Bank Global Classic Credit Card:

    • Internationally accepted:
    • The Indian Bank Global Classic Card is accepted globally at over 30 million merchants associated with VISA. It is accepted at over 1.5 lakh merchants in India.

    • Interest-free credit:
    • Get between 15 to 45 days interest-free on your purchases. Clear your credit card bills in full every month to carry on this interest-free cycle.

    • Low Finance Charges:
    • Interest is charged at 1.99% per month on your purchases from the date of transaction. Interest is calculated provisionally upto the due date. Based on payment of your dues, the interest will be refunded. You can pay just the minimum 5% of your total bill to avoid any penalties.

    • Add on cards:
    • Avail of up to 4 supplementary cards with your Indian Bank Global Classic Credit Card. Share the benefits and privileges with your family members.

    • Credit Limits:
    • The credit limits available on the Global Classic Card range between Rs. 25,000 and Rs. 75,000.

    Important Fees and Charges:

    Charge Amount
    Joining Fee Nil
    Annual Fee Nil
    Add on Card One-time fee of Rs. 100.
    Interest on revolving credit 1.99% per month (23.88% per annum).
    Minimum due 5% of the billed amount.

    Other Fees and Charges:

    Charge Amount
    Cash advance limit 40% of the credit limit, subject to a maximum of Rs. 25,000 per day
    Finance Charges on Cash withdrawal 2.25% per month (27% per year) from the date of transaction
    Cash advance transaction charge

    Indian Bank ATM - Nil

    Other domestic ATM - Rs. 50

    International ATM - Rs. 250

    Balance Enquiry

    Domestic ATM - Rs. 35

    International ATM - Rs. 50

    Over limit charges Rs. 50
    Limit Enhancement Rs. 100
    Fuel surcharge 2.5 % of the transaction subject to a minimum of Rs. 10.
    Booking Railway ticket charges 1.8% of the transaction amount subject to a minimum of Rs. 10
    Statement retrieval Rs. 100 per statement
    Chargeslip retrieval Rs. 125 per slip
    Cheque return Rs. 250
    Late Payment Rs. 250
    Card re-issue Rs. 100
    PIN Mailer re-issue Rs. 50
    Foreign Currency Transaction 3% markup
    Service Tax Currently charged at 14.50%.

    Comprehensive Insurance Details of Indian Bank Global Classic Credit Card:

    Insurance Coverage Amount
    Death due to air accident Rs. 2 lakhs
    Death due to any other accident Rs. 1 lakh
    Unique cover for first add on cardholder in case of death due to any other accident Rs. 50,000
    Hospitalisation cover due to accident for up to 65 years of age Rs. 50,000
    Hospitalisation cover due to accident for 66 years to 80 years of age Rs. 25,000
    Baggage Cover Rs. 5,000
    Credit shield on death Rs. 10,000
    Purchase Protection Rs. 10,000

    Eligibility Criteria:

    To successfully apply for an Indian Bank Global Classic Credit Card you need to meet the following criteria.

    • You should be at least 18 years old.
    • You should not exceed 80 years of age.
    • Indian nationals and NRIs are eligible.
    • You should be earning a minimum income of Rs. 12,500.
    • PAN card is mandatory.

    Documents Required:

    • A copy of your PAN card - It is mandatory to provide your PAN card details to avail of this credit card.
    • ID and Age Proof - You could submit a copy of your passport, driver’s licence, voter’s ID, Aadhar card or any other valid Government ID as per KYC norms.
    • Address Proof - You can submit a copy of your utility bills, passport, driver’s licence, voter’s ID, Aadhar card or any other valid Government ID as per KYC norms.
    • Income Proof - If you are a salaried individual, you need to submit your latest payslip or IT proof. If you are self-employed, you need to submit your statement of accounts for the last three months for banks other than Indian Bank. You also need to provide IT returns.

    Indian Bank Global Classic Credit Card FAQs:

    1. Is there a limit to the number of transactions I can perform in a day with my Indian Bank Global Classic Credit Card?
    2. No, there is no restriction to the number of transactions you can carry out in a day with your Indian Bank Global Classic Credit Card.

    3. What happens if I miss a credit card payment?
    4. If you fail to pay the minimum due by the payment due date, you will be imposed with a fine of Rs. 250. Your credit limit will be reduced by 25%. Once you make the payment, the limit will be restored. Failure to pay any dues for two consecutive months will attract an additional charge of Rs. 500 and the card will be blocked. Continued delay for three months will result in you being marked as a defaulter.

    5. What should I do if I lose my credit card?
    6. If you lose your credit card, report it immediately to the Credit Card Centre. You need to file a complaint with the police authorities in case you suspect theft or any misuse of the card. File an FIR and submit a copy to the Credit Card Centre. Upon reporting the card loss, it will be blocked immediately to safeguard you from fraudulent activity.

    7. When is my credit card billed every month?
    8. The billing date is set to be the 20th of every month. The statement will be dispatched via Post or Courier. You should receive your statement within 7 days. If you do not receive it, you should contact customer care immediately to gather the required billing information. Your payment due date will usually be 15 days from the statement date.

    9. What is the minimum amount due?
    10. The minimum amount due is the amount you have to pay to avoid penalties and corrective action. For your Indian Bank Global Classic Credit Card, the minimum due is calculated as 5% of the total bill. Paying only the minimum amount due will stretch your payment over years. For example, if you have billed Rs. 5,000 to your credit card, your minimum due is 5% plus interest. If you continue to pay only this amount, you will take 6 years to clear this bill.

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    Indian Bank Global Classic Credit Card Reviews

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