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

Introduction

The IDBI Winnings RuPay Select Credit Card, issued by IDBI Bank, is positioned as an entry-level credit card designed for individuals seeking a blend of everyday rewards and essential travel and insurance benefits. Key differentiating features include a robust rewards program offering 2 Delight Points for every Rs. 100 spent, with opportunities to earn bonus points and double points on birthdays, complimentary access to both domestic and international airport lounges, and a substantial personal accident insurance cover.

Welcome Benefits

• Get 10% cashback up to Rs. 500 on all transactions done within 90 days of card issuance.
• The cashback offer is applicable when the joining fee is paid; however, the joining fee for this card is Nil.

Fees

• Joining Fee: Nil for both Primary and Add-on Cards.
• Annual Fee (Primary Card): Rs. 899 (from second year onwards) + GST.
• Annual Fee (Add-on Card): Nil.
• Renewal Fee (Primary / Add-on Card): Nil.
• 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 the transaction amount 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 3 months old).
• Card Replacement Fee: Rs. 200.
• Foreign Currency Transactions Markup: 3.5%.
• Rewards Points Redemption Fee: Nil (as per bank's official fees, though a review site mentions 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 charges are exclusive of applicable GST.

Rewards

• General Spends: Earn 2 Delight Points for every Rs. 100 spent on the card.
• Bonus Points: Earn 500 additional Delight Points by making 5 transactions of Rs. 1000 each per month.
• Birthday Month Benefit: Get double Delight Points (4 points for every Rs. 100 spent) on all transactions during your birthday month.
• Fuel Surcharge Waiver: Enjoy a 1% fuel surcharge waiver on transactions between Rs. 400 to Rs. 4000 at all fuel stations across India. The maximum waiver is capped at Rs. 400 per month.
• Domestic Lounge Access: Receive 2 complimentary lounge visits per calendar quarter at participating Airport Lounges in India.
• International Lounge Access: Receive 2 complimentary lounge visits per calendar half year (equivalent to 4 per year) at participating Airport Lounges outside India.
• Insurance:
  • Personal Accident Insurance Cover: Rs. 10.00 lakh cover in case of accidental death.
  • Permanent Disability Cover: Rs. 10.00 lakh cover in case of permanent disability due to an accident.
  • Criteria for Insurance: Age 18-70 years, with one successful financial or non-financial transaction in the last 90 days prior to the incident.
• Zero Lost Card Liability: In case of loss or theft, report immediately to customer care. Any fraudulent transactions after reporting will be covered by the bank.
• Delight points would be accrued only on transactions except the ones exempted from delight points accrual.

Rewards Redemption Guide

• Accumulated Delight Points can be redeemed for irresistible offers from globally renowned brands.
• Points can be used for making payments towards dining, shopping, utility bills, holidays, gifts, and entertainment.

Card Eligibility Criteria

• Primary Card Holder Age: 21 years to 60 years (up to 65 years for self-employed individuals).
• Add-on Card Holder Age: 18 years and above.
• Residency: Must be a resident of India.
• 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 eligibility criteria are only indicative, and the bank reserves the right to approve or decline applications for Credit Card. The list of documents required may vary on a case-to-case basis.

Card Review

The IDBI Winnings RuPay Select Credit Card is an entry-level offering from IDBI Bank, well-suited for first-time credit card users and those looking for a card with a solid reward base and essential benefits without a high annual fee. It provides a competitive reward rate of 2 Delight Points per Rs. 100 spent, enhanced by bonus points for frequent usage and double points during the cardholder's birthday month. The card stands out by including valuable benefits such as complimentary domestic and international airport lounge access, a significant personal accident insurance cover of Rs. 10 lakhs for both accidental death and permanent disability, and a 1% fuel surcharge waiver. Additionally, it offers zero liability protection against card loss/theft, adding a layer of security. The annual fee is reasonable and easily waivable with an annual spend of Rs. 90,000, making it a cost-effective option for regular spenders. Its ability to link with UPI apps for payments further enhances its utility.

Important Product Details

• No joining fee for primary or add-on cards.
• Annual fee of Rs. 899 (from second year) is waived on annual spends of Rs. 90,000.
• Welcome benefit of 10% cashback up to Rs. 500 on transactions within 90 days.
• Earn 2 Delight Points per Rs. 100 spent, with 500 bonus points for 5 transactions of Rs. 1000+ monthly.
• Double Delight Points on all spends during your birthday month.
• Complimentary domestic airport lounge access (2 per quarter) and international airport lounge access (2 per half year).
• Personal Accident Insurance Cover of Rs. 10 lakhs for accidental death and permanent disability.
• 1% fuel surcharge waiver (max Rs. 400/month) on transactions between Rs. 400-Rs. 4000.
• Zero Lost Card Liability protection.
• Foreign currency markup of 3.5%.
• Interest-free credit period of up to 48 days on purchases.
• Supports UPI payments by linking the RuPay Credit Card with UPI apps.

Other Details

• Concierge Service is available.
• Enjoy interest-free credit of up to 48 days on purchases.
• The card offers wider acceptance at over 39.3 million merchants and 1.88 million ATMs across India and abroad, securely with RuPay PaySecure.
• Family Cards: Apply for up to 2 add-on cards for family members (above 18 years). Reward points earned on add-on cards are clubbed with the primary card.
• Customer Care: Call 1800-209-4324 (Toll Free) or 022-67719100 (Call Charges Applicable) for further details or to report card loss.
• Credit Card Welcome e-Kit: A digitized kit providing detailed information on Card Usage, Cardholders Agreement, and Most Important Terms & Conditions (MITC) in downloadable PDF format, supporting a Go Green initiative.
• How to Apply:
  • Get in touch via Phone Banking (Toll Free: 1800-209-4324, Non Toll Free: 022-67719100, 24x7 service).
  • Visit the nearest IDBI Bank branch.
  • Request a call back from a bank representative.
• The airport lounge access is provided by RuPay and is subject to change as per RuPay’s discretion from time to time without any prior notice.
• Legal disclaimers and Terms & Conditions are available in downloadable PDF formats.