Bandhan Bank Flare Credit Card – Benefits, Fees & Eligibility

Introduction

The Bandhan Bank Flare Credit Card is positioned as a premium offering, symbolising growth and achievement with its deep blue background and shimmering flame design. It aims to provide transparency with no hidden charges and prioritises security for transactions and personal data. Key differentiating benefits include customised travel perks with airport lounge access, never-expiring rewards, and significant discounts on dining and movies.

Welcome Benefits

• Get an Amazon Pay e-voucher worth ₹2,000 on spending ₹10,000 within the first 30 days of card issuance.

Fees & Charges Breakdown

• Joining Fee: ₹2,499 + taxes
• Renewal Fee: ₹2,499 + taxes
• Renewal Fee Waiver Condition: Minimum annual spend of ₹6,00,000.
• Interest Rate (p.m) retail purchases:
  • 2.00% for existing customers holding a CASA relationship.
  • 3.50% for new customers.
• Interest Rate on Cash Withdrawal: 3.50%.
• Over Limit Fee: 2.5% of over limit (minimum of ₹500 + taxes).
• Add-on Card Fee: Nil.
• Rewards Redemption Fee: Nil.
• EMI Processing Fee (flat): ₹99 + taxes.
• EMI Foreclosure Fee: 3% of remaining outstanding (minimum of ₹100 + taxes).
• Card Re-issuance Fee for Lost/Stolen/Damaged: ₹100 + taxes.
• Rent Payment Fees: 1% (maximum of ₹250 per transaction) + taxes.
• Outstation Cheque Processing Fee: Nil.
• Fee on Cash Payment at Branches: Nil.
• Returned Payment Fee: ₹350 + taxes.
• Charge Slip Fee: Nil.
• Duplicate Statement Fee: Nil.
• Foreign Currency Mark-up: 1.99% + taxes.
• Cash Withdrawal Fee: 3.5% (minimum of ₹500 + taxes).
• Fuel Surcharge Waiver: 1% waiver up to ₹500 per statement cycle.
• Late Payment Charges (based on Unpaid Outstanding from Last Statement Balance, GST applicable):
  • Less than ₹100: Nil
  • ₹100-₹500: ₹100
  • ₹501-₹5,000: ₹500
  • ₹5001-₹10,000: ₹750
  • ₹10,001 and above: ₹1,100

Rewards & Cashback Structure

• Earning Rate: 10 reward points on every ₹200 on all eligible spends.
• Milestone Benefit: Earn 5,000 reward points every month on a spend of ₹75,000.
• Accelerated Rewards: Benefits earned through accelerated reward points if ₹25,000 or above is spent on Travel each month.
• Reward Redemption Fee: Nil.
• Point Expiry: Rewards are never-expiring.

Travel, Lounge & Lifestyle Perks

• Lounge Access: 4 complimentary Domestic & 1 International Airport Lounge access in a calendar quarter at select airports.
• Golf Lessons: 4 complimentary golf lessons per calendar year (1 lesson per quarter).
• Dining Discount: 15% discount on EazyDiner, up to ₹750 once every month.
• Movie Offer: 25% discount on BookMyShow, up to ₹500 once every month.
• EMI Cashback: Enjoy 10% cashback up to ₹750 on the first EMI conversion of minimum tenure 12 months (applicable once).

Card Eligibility Criteria & Income Requirements

• Minimum Age: Primary cardholder should be between the age of 21 and 65 years.
• Residency: The individual should be a resident of India.
• Income Range: Monthly income greater than ₹12 lakh.

Important Product Details

• Rewards: Features never-expiring rewards for exciting benefits.
• Transparency: No hidden charges for peace of mind.
• Security: Advanced security measures are prioritised for transactions and personal data.
• Design: The card features a deep blue background with a shimmering flame effect, symbolising growth and achievement.

Other Details

• Fuel Surcharge Cap: The 1% fuel surcharge waiver is capped at ₹500 per statement cycle.
• Card Management Portal: Manage your card seamlessly through the Card Management Portal.
• Important Documents: Access to MITC, Fair Practice Code, Cardholder's Agreement, Credit Card Program Policy - Issuance and Conduct of Credit Cards, and Credit Card Grievance Redressal.
• Important Links: Provides access to Do’s & Don’ts, Bill Payment, Credit Card Activation, and Credit Card Repayment via Payment Gateway.
• Approximate Annual Value (based on the Value Chart):
  • Activation Benefit – Amazon Pay e-voucher: ₹2,000
  • Benefit earned through accelerated reward points (If ₹25,000 or above is spent on Travel each month): ₹7,500
  • Benefits earned through all other transactions (On total spends of ₹52,500 per month): ₹2,000
  • Cashback on last EMI (applicable only once per customer): ₹750
  • Dining offer (₹750 per month): ₹9,000
  • Movie offer (₹500 per month): ₹6,000
  • Complimentary lounge benefit (4 Domestic & 1 International per Qtr): ₹30,838.4
  • Fuel surcharge waiver (₹500 per statement cycle): ₹6,000
  • Milestone benefit: ₹15,000
  • Total estimated annual value: ₹79,100 (approx.)