IDBI Euphoria World Credit Card – Benefits, Fees & Eligibility

Introduction

The IDBI Bank Euphoria World Credit Card is a travel-focused credit card issued by IDBI Bank, positioned as a mid-range offering designed to provide maximum benefits with minimum charges. It stands out with a zero joining fee, accelerated reward points on travel-related spends, complimentary domestic airport lounge access, and a free air travel accident insurance cover of Rs. 25 lakhs.

Welcome Benefits

• Receive 4,000 Delight Points as a welcome gift.
• This welcome benefit is triggered upon making your first transaction worth Rs. 1,500 or more within the first 60 days after the card set-up date.

Fees

• Joining Fee (Primary / Add-on Card): Nil
• Annual Fee (Primary Card): Rs. 1,499 (From second year onwards)
• Annual Fee (Add-on Card): Nil
• Renewal Fee (Primary / Add-on Card): Nil
• Annual Fee Waiver: On spends of more than Rs. 1,50,000 in a year.
• Interest on Revolving Credit Facility: 2.9% per month.
• Cash Advance Transaction Fee: 2.5% of transaction fee or Rs. 500, whichever is higher.
• Interest on Cash Advance: 2.9% per month.
• Late Payment Charges (per occasion, based on amount due):
  • <= Rs. 500: Nil

  • Rs. 500 to <= Rs. 5,000: Rs. 400

  • Rs. 5,000 to <= Rs. 10,000: Rs. 500

  • Rs. 10,000 to <= Rs. 20,000: Rs. 750

  • Rs. 20,000: Rs. 950

• Over Limit Charges: 2.5% of over limit amount, subject to a minimum of Rs. 500.
• Cheque / Auto Debit Return Charges: Rs. 500.
• Cash Processing Charges: Rs. 200.
• Duplicate Physical Statement Request: Rs. 100 (for statements more than 3 months old).
• Card Replacement Fee: Rs. 200.
• Foreign Currency Transactions: Bank charges Cross Currency mark-up of 3.5%.
• Rewards Points Redemption Fee: Nil.
• EMI Charges:
  • Minimum Amount: Rs. 3,000
  • Interest Rate: 13% per Annum
  • Processing and Foreclosure Fees: Nil
  • EMI Tenure Options: 3, 6, 9 or 12 months
• Balance Transfer Charges:
  • Minimum Amount: Rs. 3,000
  • Processing Fee: 1.5% of BT amount or Rs. 199, whichever is higher. Normal interest rate for EMI will apply.
• Card Account Closure Charge: Nil.
• All above charges are exclusive of applicable GST.

Rewards

• General Reward Earning: Earn 3 Delight Points for every Rs. 100 spent on most transactions.
• Accelerated Reward Earning (Travel): Earn 6 Delight Points for every Rs. 100 spent on travel-related expenses such as Hotels, Airlines, IRCTC, and Bus Bookings.
• Exempted Transactions: Delight points would be accrued only on transactions except the ones exempted from delight points accrual. Refer to the exempted transaction categories on the IDBI Delight website.
• Travel Benefits:
  • Domestic Lounge Access: Enjoy 12 complimentary lounge visits per calendar year at participating Airport Lounges in India.
  • MasterCard Offers: Eligible for exclusive offers on airport shopping, hotels, car rentals, etc., provided for MasterCard World cardholders.
  • Travel Concierge Services: Customers can enjoy travel concierge services provided by MasterCard for their travel-related needs.
• Insurance Benefits:
  • Air Travel Accident Insurance Cover: Provides an air travel accident insurance cover worth Rs. 25 lakhs.
• Fuel Surcharge Waiver:
  • Receive a 1% fuel surcharge waiver across all fuel stations for transactions in the range of Rs. 400 to Rs. 5,000.
  • Maximum waiver is capped at Rs. 500 per month.
• Interest-Free Credit: Enjoy interest-free credit of up to 48 days on your purchases.
• Wider Acceptance: Use the card at over 9 lakh merchants in India and over 29 million merchants abroad.
• Zero Lost Card Liability: In case of card loss, report immediately to the 24-Hour Customer Care. Any fraudulent transaction after reporting the loss will be covered by the Bank.
• Family Cards (Add-on Cards):
  • Apply for up to 2 add-on cards for family members (above 18 years).
  • Add-on cards avail all benefits and features of the primary card.
  • Delight Points earned on add-on cards are clubbed with the primary card and can be redeemed as per higher eligibility.

Rewards Redemption Guide

• Redemption Value: 1 Delight Point = Rs. 0.25 (i.e., 4 Delight Points = Re. 1).
• Redemption Options: Delight Points can be redeemed against a wide range of handpicked gifts and souvenirs, including flight/hotel bookings, gift cards, merchandise, movies, and cashback in your account.
• Minimum Points for Redemption:
  • A minimum of 4,000 Delight Points is required for redemption against cashback.
  • A minimum of 1,000 Delight Points is required for redemption against other categories.
• Points Validity: Earned Delight Points are valid for 3 years, excluding the month of accumulation.
• How to Redeem: Redeem your earned Delight Points by logging in to the IDBI Delight website.

Card Eligibility Criteria

• Primary Cardholder Age: Should be in the age bracket of 21 years to 60 years (65 years for self-employed individuals).
• Add-on Cardholder Age: Should be 18 years and above.
• Residency: Should be a resident of India.
• Bank's Discretion: The above eligibility criteria are indicative; the Bank reserves the right to approve or decline applications.

Documents Required

• ID Proof: Voter ID, Passport, Driving License, PAN card, Aadhaar Card.
• Residence Proof: Electricity Bill, Telephone Bill, Election Card, Passport, Aadhaar Card.
• Income Proof: Latest 3 months’ Salary Slip, Latest 3 months Bank Statement, Income Tax Returns (ITR), Form 16.
• Recent Photograph.
• The list is indicative, and required documents may vary on a case-to-case basis.

Card Review

The IDBI Bank Euphoria World Credit Card offers great rewards and benefits across various categories, making it a suitable choice for individuals seeking an affordable credit card with strong reward offers and travel perks. The welcome gift of 4,000 Delight Points is equivalent to Rs. 1,000. Cardholders can save 0.75% on general spending and 1.5% on travel-related expenses (flight/hotel/bus bookings). The complimentary domestic lounge access is a significant travel benefit. Additionally, the card provides an opportunity to waive the Rs. 1,499 renewal fee based on annual spending, along with a fuel surcharge waiver and substantial air accident insurance coverage. It is a great choice for people who prioritize travel and want an affordable card with good reward potential.

Important Product Details

• No joining fee.
• Earn 3 Delight Points on every Rs. 100 spent.
• Earn 6 Delight Points on every Rs. 100 spent on Airline/hotel bookings/Bus bookings/IRCTC, etc.
• Welcome gift of 4,000 Delight Points.
• Complimentary airport lounge access (12 visits per calendar year).
• Insurance cover worth Rs. 25 lakhs against air accidents.
• 1% fuel surcharge waiver up to Rs. 500 per month.
• Spend-based renewal fee waiver on spending Rs. 1,50,000 or more in the previous year.
• Interest-free credit period of up to 48 days.
• Zero Lost Card Liability.
• Option to apply for up to 2 add-on cards for family members.

Other Details

• Customer Care: For further details, call 1800-209-4324 (Toll Free) or 022-67719100 (Call Charges Applicable), or visit the nearest IDBI Bank branch.
• Digital Welcome e-Kit: IDBI Bank provides a digitised Credit Card Welcome e-Kit as part of its Go Green initiative, offering detailed information on Card Usage, Cardholders Agreement, and Most Important Terms & Conditions (MITC) in downloadable PDF format.
• How to Apply:
  • Call Phone Banking numbers: Toll Free - 1800-209-4324, Non Toll Free - 022-67719100 (24x7 service).
  • Visit the nearest IDBI Bank branch.
  • Request a call back from a representative.
• General Information: The site may experience technical unavailability during specific dates and times, during which customers are requested to contact the customer care center.