IDBI Euphoria World Credit Card – Benefits, Fees & Eligibility

IDBI Euphoria World Credit Card

The IDBI Euphoria World Credit Card offers a journey of elation and tranquility, designed to provide world-class privileges and rewards befitting a modern lifestyle. It comes with zero joining fees and rewards customers with Delight Points on spends, offering 2X points on travel-related expenses like hotels, airlines, IRCTC, and bus bookings. Cardholders can also enjoy complimentary airport lounge access within India, free air travel accident insurance coverage, and various other benefits to enhance their travel and everyday spending experience.

Welcome Benefits

• Receive 4,000 Delight Points as a welcome gift upon making your first transaction of Rs. 1,500 or more within the first 60 days of the card setup date. This is equivalent to Rs. 1,000 in value.

Fees

• Joining Fee:
  • Primary Card: Nil
  • Add-on Card: Nil
• Annual Fee:
  • Primary Card: Rs. 1,499 (from the second year onwards) + applicable GST.
  • Add-on Card: Nil
• Annual Fee Waiver: Waived on spends of Rs. 1,50,000 or more in the preceding year.
• Interest on Revolving Credit Facility: 2.9% per month
• Cash Advance Transaction Fee: 2.5% of the transaction amount 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 the 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 (Cross Currency Markup): 3.5%
• Rewards Points Redemption Fee:
  • Nil (as per IDBI Bank official website)
  • Rs. 99 (as per third-party review site)
• 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 the balance transfer amount or Rs. 199, whichever is higher. Normal interest rates for EMI will apply.
• Card Account Closure Charge: Nil
• Note: All above charges are exclusive of applicable GST.

Rewards

• Reward Point Earning:
  • Earn 6 Delight Points for every Rs. 100 spent on travel-related expenses, including hotels, airlines, IRCTC, and bus bookings.
  • Earn 3 Delight Points on every Rs. 100 spent on all other categories.
  • Delight points would be accrued only on transactions except the ones exempted from delight points accrual.
• Interest-Free Credit Period: Enjoy an interest-free credit period of up to 48 days on your purchases.
• Fuel Surcharge Waiver:
  • Receive a 1% fuel surcharge waiver across all fuel stations for transactions between Rs. 400 and Rs. 5,000.
  • The maximum waiver is capped at Rs. 500 per month.
• Air Travel Accident Insurance Cover: Get a free air travel accident insurance cover worth Rs. 25 lakhs.
• Domestic Lounge Access:
  • Enjoy unlimited complimentary lounge visits at participating airport lounges in India.
  • Lounge access is provided by Mastercard and is subject to change as per Mastercard's discretion without prior notice.
• Wider Acceptance: Use your card at over 9 lakh merchants in India and over 29 million merchants abroad.
• Zero Lost Card Liability: In case of loss of your credit card, report it immediately to customer care to block the card. Any fraudulent transactions after reporting the loss will be covered by the bank.
• Add-on Cards:
  • Gift your family members (above 18 years) an add-on World Credit Card.
  • Add-on cards provide all benefits and features of the primary card.
  • Delight Points earned on add-on cards are clubbed with the primary card's points for redemption as per higher eligibility.
  • You may apply for up to 2 add-on cards.
• MasterCard Offers & Services:
  • Eligible for exclusive offers on airport shopping, hotels, car rentals, etc., provided by MasterCard.
  • Access travel concierge services provided by MasterCard for travel-related needs.
  • These offers are subject to change as per MasterCard’s discretion without prior notice.

Rewards Redemption Guide

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

Card Eligibility Criteria

• Age:
  • Primary cardholder: 21 years to 60 years (salaried employees) or 21 years to 65 years (self-employed).
  • Add-on cardholder: 18 years and above.
• Residency: Must be a resident of India.
• Note: The above criteria are indicative, and 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 / Utility bills
• Income Proof: Latest 3 months’ Salary Slip / Latest 3 months Bank Statement / Income Tax Returns (ITR) / Form 16
• Other: Recent Photograph
• Note: This list is indicative, and required documents may vary on a case-to-case basis.

Card Review

The IDBI Euphoria World Credit Card is an affordable option with significant value, especially for individuals focused on travel and everyday spending. Its zero joining fee makes it accessible, and the welcome bonus of 4,000 Delight Points (worth Rs. 1,000) provides an immediate boost. Cardholders can save approximately 0.75% on general spending and a notable 1.5% on travel-related expenses due to the accelerated reward point earning. The complimentary unlimited domestic airport lounge access is a key travel perk, and the annual fee waiver on spending Rs. 1,50,000 helps offset the renewal fee of Rs. 1,499 + GST. Additional benefits like a fuel surcharge waiver and Rs. 25 lakhs air accident insurance enhance its overall appeal. This card is well-suited for budget-conscious consumers who frequently travel domestically and seek a card that offers decent rewards and benefits without high recurring costs.

Important Product Details

• No joining fee.
• Earn 3 Delight Points on every Rs. 100 spent.
• Earn 6 Delight Points (2X) on every Rs. 100 spent on airlines, hotel bookings, bus bookings, IRCTC, and other travel-related expenses.
• Welcome gift of 4,000 Delight Points.
• Complimentary domestic airport lounge access.
• Air travel accident insurance cover worth Rs. 25 lakhs.
• 1% fuel surcharge waiver, capped at Rs. 500 per month, for transactions between Rs. 400 and Rs. 5,000.
• Renewal fee waiver on annual spends of Rs. 1,50,000 or more.
• Interest-free credit period of up to 48 days on purchases.
• Zero lost card liability after reporting.
• Ability to apply for up to 2 add-on cards for family members (18+).

Other Details

• Customer Care: For further details or to report a lost card, call Customer Care at 1800 425 7600 (Toll Free) or 022 - 4042 6013 (Call Charges Applicable) for 24x7 service.
• Credit Card Welcome e-Kit: IDBI Bank provides a digitized Credit Card Welcome e-Kit in a downloadable PDF format as part of their Go Green initiative. This kit includes detailed information on Card Usage, the Cardholders Agreement, and Most Important Terms & Conditions (MITC).
• How To Apply:
  • Call Phone Banking numbers: Toll Free - 1800 425 7600, Non Toll Free - 022 4042 6013 (24x7 service).
  • Visit the nearest IDBI Bank branch.
  • A bank representative will contact you at the earliest upon getting in touch.