IDBI Winnings RuPay Select Credit Card – Benefits, Fees & Eligibility

IDBI Winnings RuPay Select Credit Card

Introduction

The IDBI Winnings RuPay Select Credit Card is an intelligently designed, entry-level credit card from IDBI Bank, aimed at offering convenience, security, and flexibility. It comes with no joining fee and provides a competitive reward structure, allowing cardholders to earn Delight Points on their spends, including double points during their birthday month. This card also offers significant travel benefits such as complimentary domestic and international airport lounge access, along with a personal accident insurance cover and fuel surcharge waivers, making it a well-rounded option for everyday spending and occasional travel.

Welcome Benefits

• Get 10% cashback up to Rs. 500 on all transactions done within 90 days of receiving the card.
• The cashback offer is applicable when the joining fee is paid (note: the joining fee for this card is Nil).
• Receive a digitized Credit Card Welcome e-Kit providing detailed information on Card Usage, Cardholders Agreement, and Most Important Terms & Conditions (MITC) in downloadable PDF format.

Fees

• Joining Fee (Primary / Add-on Card): Nil
• Annual Fee (Primary Card): Rs. 899 (From second year onwards) + applicable GST
• Annual Fee (Add-on Card): Nil
• Renewal Fee (Primary / Add-on Card): Nil (Note: The Annual Fee of Rs. 899 from the second year onwards is often referred to as a renewal fee).
• Annual Fee Waiver: Waived on spends of more than Rs. 90,000 in a year.
• Interest on Revolving Credit Facility: 3.4% per month
• Cash Advance Fee: 2.5% of transaction fee or Rs. 500, whichever is higher
• Interest on Cash Advance: 3.4% per month
• Late Payment Fees (Per occasion, based on amount due):
  • <= Rs. 500: Nil

  • Rs. 500 to <= Rs. 5000: Rs. 400

  • Rs. 5000 to <= Rs. 10000: Rs. 500

  • Rs. 10000 to <= Rs. 20000: Rs. 750

  • Rs. 20000: 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 03 months old)
• Card Replacement Fee: Rs. 200
• Foreign Currency Transactions Markup: 3.5%
• Rewards Points Redemption Fee: Nil (However, some sources report Rs. 99)
• EMI Charges:
  • Minimum Amount: Rs. 3000
  • 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. 3000
  • 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

• Reward Points Earning:
  • Earn 2 Delight Points for every Rs. 100 spent on the card (excluding exempted transactions).
  • Earn an additional 500 Delight Points by making just 5 transactions of value Rs. 1000 each per month.
  • Get double Delight Points (4 points for every Rs. 100 spent) during your Birthday month.
• Movies & Dining: N/A for specific benefits, but reward points can be redeemed for dining and entertainment.
• Travel Benefits:
  • Airport Lounge Access: Enjoy complimentary access to participating Airport Lounges, both in India and abroad, provided by RuPay.
  • Domestic Lounge Access: 2 complimentary lounge visits per calendar quarter at participating Airport Lounges in India.
  • International Lounge Access: 2 complimentary lounge visits per calendar half year at participating Airport Lounges outside India (equivalent to 4 visits per year).
• Fuel Benefits:
  • Waiver of 1% fuel surcharge on transactions between Rs. 4000 to Rs. 5000 at all fuel stations across India.
  • Maximum fuel surcharge waiver of up to Rs. 400 per month.
• Insurance Benefits:
  • Personal Accident Insurance Cover:
    • Accidental Death: Cover of Rs. 10.00 lakh in case of loss of life due to accident.
    • Permanent Disability: Cover of Rs. 10.00 lakh in case of permanent disability due to accident.
    • Criteria for Cover: Age 18-70 years, and one successful financial or non-financial transaction at any channel in the last 90 days prior to the incident.
  • Zero Lost Card Liability Protection: In case of loss or theft, report immediately to customer care. Any fraudulent transaction after reporting will be covered by the Bank.
• Lifestyle Benefits: Reward points can be redeemed for shopping, gifts, and lifestyle experiences.
• Wider Acceptance: Use your Winnings Credit Card at over 39.3 million merchants and 1.88 million ATMs across India and abroad with RuPay PaySecure for bookings (Air/IRCTC/Bus/Hotels/Movie tickets), dining, shopping, utility bills, recharge, fuel, and more.
• UPI Spends: The card supports UPI transactions, allowing easy payments by linking it with your preferred UPI app.
• Family Cards (Add-on Cards):
  • Apply for up to 2 add-on cards for family members (above 18 years of age).
  • Add-on cards avail all benefits and features of the primary card.
  • Reward points earned on add-on cards are clubbed with the primary card and redeemed as per higher eligibility.

Rewards Redemption Guide

• Accumulated Delight Points can be redeemed for irresistible offers from globally renowned brands.
• Redeem delight points for making payments for dining, shopping, utility bills, holidays, gifts, and entertainment.
• Refer to the exempted transaction categories on idbidelight.com for details on transactions not eligible for delight points accrual.

Card Eligibility Criteria

• Eligibility Rules:
  • Primary cardholder should be in the age bracket of 21 years to 60 years (65 years for self-employed individuals).
  • Add-on cardholders should be 18 years and above.
  • Applicant must be a resident of India.
  • The above 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, Latest IT Return, or Form 16.
  • Other: Recent Photograph.
  • The list of documents is indicative and may vary on a case-to-case basis.

Card Review

The IDBI Winnings RuPay Select Credit Card is an entry-level offering with a strong reward structure, making it highly suitable for first-time credit card users. Cardholders can earn 2 Delight Points for every Rs. 100 spent, with the added advantage of earning 500 bonus points monthly and double points during their birthday month. The redemption process is flexible, allowing points to be used for dining, shopping, utility bills, and more. A significant highlight is the extensive insurance coverage, including Rs. 10 lakhs for accidental death and permanent disability, alongside zero liability protection against card loss/theft. Furthermore, it offers practical benefits such as 1% fuel surcharge waiver and complimentary domestic and international airport lounge access, enhancing its value proposition. The annual fee is waived on annual spends exceeding Rs. 90,000, which is an achievable target for regular users. Overall, it's a solid card for those seeking comprehensive benefits without a high annual fee.

Important Product Details

• No joining fee for the primary or add-on card.
• Welcome benefit of 10% cashback up to Rs. 500 on transactions within 90 days.
• Earn 500 additional Delight Points monthly by completing 5 transactions worth Rs. 1000 each.
• Double Delight Points on all spends during the cardholder's birthday month.
• Earn 2 Delight Points for every Rs. 100 spent on eligible transactions.
• Accidental death and permanent disability insurance cover of up to Rs. 10 lakhs each.
• 1% fuel surcharge waiver on transactions between Rs. 4000-5000, with a maximum waiver of Rs. 400 per month.
• Complimentary domestic (2 per quarter) and international (2 per half-year) airport lounge access.
• Offers interest-free credit for up to 48 days on purchases.
• Comes with Zero Lost Card Liability protection.
• Annual fee of Rs. 899 (from the second year) can be waived on annual spends of Rs. 90,000 or more.

Other Details

• Customer Care:
  • Toll Free: 1800 425 7600
  • Non Toll Free: 022 - 4042 6013 (24x7 service)
• Card Documents: Downloadable PDFs available for Card Usage Guide, Cardholders Agreement, and Most Important Terms & Conditions (MITC).
• How To Apply:
  • Call the Phone Banking numbers provided above.
  • Visit the nearest IDBI Bank branch.
  • A representative will contact you at the earliest upon inquiry.
• Interest Free Credit: Enjoy interest free credit of up to 48 days on purchases.
• Spends on UPI: Cardholders can easily make UPI spends by linking their RuPay Credit Card with a UPI app.
• Discrepancy in Rewards Redemption Fee: While the official bank site states "Nil," one third-party source reports a "Rewards Redemption Fee" of Rs. 99.
• Best Suited For: Shopping.
• Reward Type: Reward Points.