Santa Claus comes around just once a year. In the meantime, there are Credit Cards.
Santa Claus comes around just once a year. In the meantime, there are Credit Cards.
  • loading

    We found 1 Indian Bank VISA Business Credit Card
    Card
    1st Year Fee
    Rewards
    Joining Perks
    Nil
    Response Time : Within 30 minutes
    What you'll love
    Documents
    You'll also love
    Fee Details
    Indian Bank VISA Business Credit Card

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Credit Card BYTES FROM OUR KITCHEN

    Indian Bank VISA Business Credit Card

    The Indian Bank VISA Business Credit Card is available for corporates to give their employees the benefit of cashless transactions. The card can be used for business purposes that includes paying for travel and entertainment, repairs, operations, maintenance and more. Corporates and SMEs can avail of up to 5 cards per unit for their executives and employees. The credit limits are based on the available security coverage, audited financials and branch recommendations. The card is issued free of cost which includes zero joining fees and annual fees. Get cash advances for up to 20% of the credit limit at low finance charges. Get 15 to 45 days interest-free on your purchases. Revolve your credit at low interest rates of 1.99% per month.

    Benefits of Indian Bank VISA Business Credit Card:

    • No Joining Charges:
    • This card is available to corporates at no cost. Avail of this card for free and enjoy the multitude of benefits that are connected.

    • Zero Annual Fee:
    • The Indian Bank VISA Business Credit Card bears no annual fee or renewal fees.

    • Cash Advance:
    • Withdraw cash from any Indian Bank ATM and VISA ATMs when you need it. You can get up to 20% of your credit limit. Cash advances are charged at 2.25% per month.

    • Purchase Protection:
    • With complimentary purchase protection, you never have to worry about being cheated. Avoid paying for duplicate, fraud and damaged goods when you shop with your Indian Bank VISA Business Credit Card.

    • Comprehensive Insurance:
    • Your Indian Bank VISA Business Credit Card carries complimentary insurance that includes life insurance in case of death by air accident or any other accident. It also provides medical insurance in case of hospitalisation resulting from accident. You also receive travel insurance in case of lost baggage.

    Features of Indian Bank VISA Business Credit Card:

    • Business Purpose:
    • The card can be used for business expenditure that includes travel, entertainment, maintenance, repairs and operations.

    • Revolving credit:
    • Get a minimum of 15 days to a maximum of 45 days interest-free credit on your purchases. When you clear your bills in full, every purchase gets a fresh credit cycle.

    • Globally accepted:
    • The Indian Bank VISA Business Credit card is also accepted worldwide at over 30 million merchants which accept VISA. This includes over 1.5 lakh merchants in India.

    • High credit Limits:
    • The credit limit on the VISA Business Card ranges between Rs. 75,001 and Rs. 3 lakhs. Credit limits will be recommended by the Branch Manager taking into account a set criteria.

    • Low Finance Charges:
    • Interest is charged at 1.99% per month on your outstanding balance. (23.88% per annum). Cash transactions attract a higher charge of 2.25% per month. Interest is calculated provisionally from the date of transaction and will be refunded once you make the payment.

    Important Fees and Charges:

    Charge Amount
    Annual Fee Nil
    Joining Fee Nil
    Add on Card NA
    Interest on revolving credit 1.99% per month (23.88% per annum).
    Minimum due 25% of the transaction amount + charges, subject to a minimum of Rs. 1,000.

    Related Fees and Charges:

    Charge Amount
    Late Payment Penalty Rs. 250
    Cash advance limit Up to 20% of the credit limit.
    Cash advance transaction charge

    Indian Bank ATM - Nil

    Other domestic Bank’s ATM - Rs. 50

    International ATM - Rs. 250

    Finance Charges on Cash withdrawal 2.25% per month from the date of transaction. (27% per annum)
    Limit Enhancement Rs. 100
    Over limit charges Rs. 50
    Booking Railway ticket charges 1.8% of the transaction amount subject to a minimum of Rs. 10
    Fuel surcharge 2.5 % of the transaction subject to a minimum of Rs. 10.
    Cheque return Rs. 250
    Card re-issue Rs. 250
    PIN Mailer re-issue Rs. 50
    Chargeslip retrieval Rs. 125 per slip
    Statement retrieval Rs. 100 per statement
    Foreign Currency Transaction fee 3% markup
    Service Tax 14.50%

    Comprehensive Insurance:

    Insurance Coverage Amount
    Death due to air accident Rs. 5 lakhs
    Death due to any other accident Rs. 2 lakh
    Hospitalisation cover due to accident Rs. 1 lakh
    Credit shield on death Rs. 25,000
    Baggage Cover Rs. 10,000
    Purchase Protection Rs. 25,000

    Eligibility Criteria:

    To be eligible for an Indian Bank VISA Business Credit Card you need to meet the following requirements.

    • Limited Companies, partnerships and sole proprietary concerns can apply.
    • Applicants should have a corporate or SME Loan account with aggregate limits of Rs. 10 lakhs and above.
    • Reputed Corporates with current accounts which have satisfactory track records of operations.
    • A maximum of 5 cards can be availed for one unit.
    • Cards will be issued in the name of the executives or employees along with the name of the company on the card, as per the request of the corporates and SMEs.

    Documents Required:

    • Copy of PAN card.
    • Application form duly signed by the executive/employees and the authorized signatory of the business.
    • For current account holders, the last two years’ audited financial statements is required.
    • Branch recommendation in accordance to the annexure for SME/Corporate Accounts with credit facilities. Current accounts also need a recommendation from Circle Head.
    • An authorisation letter to debit the current account/OD/OCC with either the full or minimum amount due.
    • A letter to extend the lien on existing securities to cover the proposed business credit card.

    Guidelines for Credit Card Limits:

    The credit limit for the VISA Business cards will be determined on the following criteria:

    • Units having an aggregate limit of Rs. 10 lakhs above will be considered.
    • Units must have satisfactory conduct of the account and standard asset classification.
    • It should comply with KYC norms.
    • Value of securities available should be at least 125% of the aggregate of credit facilities sanctioned.

    Indian Bank VISA Business Credit Card FAQs:

    1. How do I pay my VISA Business Credit Card bill?
    2. For the VISA Business card, the auto-debit facility is mandatory. When applying for the card, you need to provide an authorization letter for the bank to debit the minimum due or the full amount from your bank account. If you have selected the full amount and there is insufficient funds, then the bank will debit the minimum due.

    3. When is the credit card billed every month?
    4. The billing cycle for the Indian Bank VISA Business Credit Card is 25th. For purchases made on 24th of every month, only a 15-day interest free period is granted. For purchases made on 25th, a 45-day credit period is granted.

    5. What should I do in case I lose my VISA Business credit card?
    6. Report the loss of card immediately to Indian Bank on their customer care helpline. Your card will be blocked and you will be issued a new one. If you suspect your card is stolen or there is misuse of the card, file an FIR with the police authorities and submit a copy of it to the bank.

    7. What are the charges for late payment?
    8. If you miss paying them minimum due by the payment due date, you will be charged Rs. 250. If you default on making any payment at all towards your credit card for two consecutive months, you will be charged an additional fee of Rs. 500. You will be marked as a defaulter if you miss payment for three consecutive months.

    9. What is the maximum credit limit I can get on the VISA Business Card?
    10. The maximum credit limit granted is Rs. 3 lakhs.

    Other Top Credit Cards by Indian Bank

  • Indian Bank Global Classic Credit Card
  • Indian Bank Bharat Credit Card
  • Indian Bank Global Gold Credit Card
  • Indian Bank VISA Business Credit Card Reviews

    • Indian Bank Credit Card
      "Best of cash back offers "
      0.5 5.0/5 "Blown Away!"
      I get a lot of good deals on the credit card with Indian Bank. There are good cash back offers. Recently I bought a mobile phone and I got a cash back of 8% and I also have a very good credit limit. It is a life time free card and the transactions are always smooth.
      Was this review helpful? 0
      , saharanpur
      Reviewed on Nov 08, 2017
    • Indian Bank Credit Card
      "Best to use"
      0.5 5.0/5 "Blown Away!"
      I am using Cash Back credit card for 6months with Indian Bank. I am getting cash back offer. Mostly I use this card for billing and shopping. Annual fee is applicable. The credit limit was satisfactory. 24/7 number is provided but I have not tried. Plus, there are no additional charges on the card.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 27, 2017
    • Indian Bank Credit Card
      "very good"
      0.5 5.0/5 "Blown Away!"
      I have taken my credit card with INDIAN bank 2 years back . I hold their gold card . The credit limit is 1 lakh and Its an international card . The customer service and responses was up to the mark so I would like to rate 5 out of 5 overall. My overall experience was good
      Was this review helpful? 0
      , mumbai
      Reviewed on Oct 06, 2017
    • Indian Bank Credit Card
      "Slow process"
      0.5 1.0/5 "Really Bad"
      Indian Bank credit card process is very slow, if we payment the payment in their gate way its takes four days to reflect in their system. But SBI and HDFC payment gets updated immediately. To refund any amount they take long duration like seven days.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Oct 03, 2017
    • Indian Bank Credit Card
      "Credit limit & offers are good"
      0.5 5.0/5 "Blown Away!"
      I hold a credit card with Indian bank and it is nice that all my transactions goes through when ever I use the card. Because I use the card only when needed and it does not disappoint me. The credit limit is good and there are good discounts as well.
      Was this review helpful? 0
      , chennai
      Reviewed on Aug 30, 2017
    • Indian Bank Credit Card
      "Nice experience"
      0.5 5.0/5 "Blown Away!"
      Though I am not very happy with the debit card of Indian bank. They are doing great on the credit card. I get a lot of reward points on every transaction which I do and I also can redeem my points online as well on shopping . There are discounts offered too based on this credit card.
      Was this review helpful? 1
      , chennai
      Reviewed on Apr 25, 2017
    • Indian Bank Credit Card
      "Actual Benefit."
      0.5 4.0/5 "Great!"
      Got a Gold Card. International acceptance. Limit amount set on basis of annual income (can be increased if you give FD as lien) No annual fee or other charge (at all). 45 days time - 21st to 20. 1reward point(1rupee) for every 200 Rs. Spent anywhere.( no limitation like dining or movie or travel... Just anywhere literally). Reward point returned as deduction to bill on accumulation of 500. A bit slow on issue of new card. Otherwise best you can get. Great customer service and card control through SmartRemote App.
      Was this review helpful? 0
      , chandigarh
      Reviewed on Aug 24, 2016
    • Indian Bank Credit Card
      "Good"
      0.5 5.0/5 "Blown Away!"
      I am having the credit card with the Indian Bank and the services were nice with them. I been with them from the last two years of time and the customer service is good with them. Credit limit value is around 15000 Rupees with them.
      Was this review helpful? 1
      , chennai
      Reviewed on Feb 11, 2016
    • Indian Bank Credit Card
      "Average service "
      0.5 3.0/5 "Satisfactory"
      The service provided by Indian Bank was quite good based on the credit card service.The credit limit offered was less compared with others they have given around 30000Rs as limit.The customer service provided was quite average.I do have a Global card with Indian Bank
      Was this review helpful? 4
      , chennai
      Reviewed on Jan 23, 2016
    • Indian Bank Credit Card
      "Not bad..."
      0.5 1.0/5 "Really Bad"
      I am using Indian bank credit card. It was my first card and I have taken on 2007. life time free card but credit limit was very less. Initially they offered 12k and they did not increased it till now so, I am not using this card much. It would be great if they speed up their work.
      Was this review helpful? 3
      , vijayawada
      Reviewed on Jan 18, 2016
    • Indian Bank Credit Card
      "Excellent Services"
      0.5 5.0/5 "Blown Away!"
      I use a credit card with Indian Bank. The services are good from them. When I contact the phone banking they are responsive. They have also offered me One lakh as credit limit. There is a a annual fee which gets waived off if I use my card for a minimum of 75K. There are cash back offers. There is also a reward point system. If I accumulate 500 points. The following month bill I would get a deduction of Rs. 500. There are no EMI options. But they have a option of paying a minimal amount of 10%. The rate of interest is of 9%.
      Was this review helpful? 1
      , chandigarh
      Reviewed on Dec 21, 2015
    • Indian Bank Credit Card
      "Not bad..."
      0.5 2.0/5 "Expected more"
      I am holding Indian bank global card. I am using this card for the past 1 year. I used to get good benefits from them. I using this card only for bill payment. Credit limit offered by them was lesser and it would be better if they increase the limit. They should provide cash back offer.
      Was this review helpful? 1
      , thane
      Reviewed on Dec 08, 2015
    • Indian Bank Credit Card
      "Good payment mode "
      0.5 4.0/5 "Great!"
      The service provided by Indian Bank was good.The conversion of EMI option is not available in Indian Bank.I have to pay through the Indian Bank website only for making credit card payment.I will recommend about Indian Bank to others.
      Was this review helpful? 3
      , chennai
      Reviewed on Nov 14, 2015
    • Indian Bank Credit Card
      "Classic card "
      0.5 4.0/5 "Great!"
      I personally approached INDIAN bank for the credit card before eight months. I got a Global Classic credit card with the credit limit of 15 k. I am using this card for grocery and other Gold purchases. I am also making the credit card payments through online.
      Was this review helpful? 2
      , vellore
      Reviewed on Oct 15, 2015
    • Indian Bank Credit Card
      "Maximum limit is 25K!"
      0.5 4.0/5 "Great!"
      The maximum credit limit can be availed on Indian bank credit card is 25K. Since 2010 I am having this card with them and the card is easily accessible in all outlets. Transactions are made secure by PIN number. Payment is done automatically by the auto debit option from the IB savings account.
      Was this review helpful? 5
      , chennai
      Reviewed on Sep 24, 2015
    • Indian Bank Credit Card
      "Best service"
      0.5 4.5/5 "Excellent!"
      I had a very good experience with Indian bank based on the credit card.There executives are really responsive.Since I am working in the same bank its easy for me to block the card in case of mishap.They have offered a credit limit of 25000Rs for this card and they are slow in response being a government bank.
      Was this review helpful? 7
      , visakhapatnam
      Reviewed on Aug 25, 2015
    • Indian Bank Credit Card
      "Very much flexible"
      0.5 5.0/5 "Blown Away!"
      I am holding a INDIAN Bank credit card. They are very much flexible in terms of customer service. They provide very good bonus points. The best part about them is the payment, just in case if I failed to make the payment they can extend the days to make the payment they wont trouble me by asking for the payment. This card is 7 years old.
      Was this review helpful? 4
      , vellore
      Reviewed on Aug 06, 2015
    • Indian Bank Credit Card
      "Average "
      0.5 2.0/5 "Expected more"
      I was having a credit card with Indian Bank and I was using it for nearly 10years. I have closed the card as of now because they are not providing increase in the credit limit offered. The customer service provided was good and I use this card mostly for purchases.I donâ??t get any notification or text message from the Bank they will be providing information in statements only.the maximum credit limit they can offer to a customer is 75000 and I was not satisfied with the same.
      Was this review helpful? 13
      , tirupur
      Reviewed on May 15, 2015
    • Indian Bank Credit Card
      "Very good offer providers!!!"
      0.5 5.0/5 "Blown Away!"
      I am banking with Indian bank for 17 years which is such a long tenure and satisfied with customer service. There is no making charges and no annual charges on Classic credit card. I got it 4 years ago so at that time they provided credit limit of 60,000. Main benefit I would say that we can get 5 add on cards. If customer credit card history is perfect with no any error, Indian bank is offering gift vouchers. Billing cycle is around 45 days, no issues on that but it would be great if they extends to 60 days.
      Was this review helpful? 25
      , kanchipuram
      Reviewed on Dec 12, 2014
    Common Loader Icon
     Loading your search... Loading your search...
  • reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.