IndusInd Bank ePay Amex Credit Card – Benefits, Fees & Eligibility

Introduction

The IndusInd Bank ePay Amex Credit Card, launched in association with American Express, is a virtual credit card designed for digital payments, offering an added layer of security and convenience. Positioned as an entry to mid-range card, it provides an attractive welcome benefit of a 3-Month Zomato Gold Membership and a unique increasing reward points structure, where users can earn up to 10 Reward Points per transaction after a certain number of successful transactions in a statement month. Additionally, it rewards consistent usage with 2X Reward Points in the 12th month of an anniversary year and offers a Times Prime Membership on achieving a specific annual spend milestone.

Welcome Benefits

• Free 3-Month Zomato Gold Membership.
• Times Prime Membership worth Rs. 1199 on spending Rs. 2 lakh in a card anniversary year.

Fees

• Joining Fee: Nil
• Annual Fee: Nil
• Rewards Redemption Fee: N/A
• Foreign Currency Markup: 3.5% of the Transaction Amount
• Interest Rates: 3.95% Per Month (47.40% Per Annum)
• Fuel Surcharge Waiver: N/A
• Cash Advance Charges: N/A

Rewards

• Unique Transaction-Based Rewards Program:
  • Earn 4 Reward Points on the 1st to 4th transaction in a statement cycle.
  • Earn 8 Reward Points on the 5th to 10th transaction in a statement cycle.
  • Earn 10 Reward Points on each transaction after your 10th transaction in a statement cycle.
  • The minimum transaction value to be eligible for these Reward Points is Rs. 500.
• Loyalty-Based Rewards Program (2X Reward Points):
  • Keep your card active for 11 consecutive months by making at least one transaction each month with a minimum transaction value of Rs. 500.
  • In the 12th month within a card anniversary year, you will earn 2X Reward Points on all your spends:
    • 1st to 4th transaction: 8 Reward Points
    • 5th to 10th transaction: 16 Reward Points
    • Beyond 10th transaction: 20 Reward Points
• Cashback on Early Payment of Credit Charges:
  • Get 5% cashback annually each time you make the payment of your credit card bill within seven days of its generation.
• Zomato Gold Membership Benefits (3 Months):
  • Unlimited free food delivery for orders Rs. 199 and above.
  • Up to 30% extra off on online orders.
  • VIP access during rush hour.
  • Up to 40% off on dining partner restaurants across India.
  • Access to Zomato Legends.
• Times Prime Membership (1 Year):
  • Get a complimentary Times Prime Membership worth Rs. 1199 on spending Rs. 2 lakh in a card anniversary year.
• Insurance Benefits:
  • Air Accident Cover up to Rs. 1 Lakh.
  • 'Total Protect' program covers counterfeit fraud up to an amount equal to the credit limit on your card.

Rewards Redemption Guide

• Reward Points can be redeemed for cash credit, Airmiles, flight bookings, hotel bookings, and much more at IndusMoments (www.indusmoments.com).
• 1 Reward Point = Rs. 0.35 (Cash Credit).
• 3 Reward Points = 1 Airmile.
• Accelerated Reward Points will be credited in the next statement cycle.
• Important Notice: Reward Points redemption towards InterMiles for your IndusInd Bank Credit Card will be discontinued effective January 21, 2025.
• Zomato Gold Enrollment Process: Download the Zomato App, go to your profile, navigate to Zomato Gold, click on "Apply coupon code", enter the code received through email/SMS, click "Apply", then click "Join Gold Now".
• Times Prime Enrollment Process: Download the Times Prime app and enter the voucher code received via SMS or e-mail.

Card Review

• Pros:
  • Unique increasing Reward Points structure, earning up to 10 RPs per transaction after the 10th transaction.
  • Complimentary 3-Month Zomato Gold membership for food enthusiasts.
  • Loyalty-based 2X Reward Points program encourages consistent card usage.
  • Being a virtual credit card, it offers enhanced security for digital transactions.
  • Nil joining and annual fees make it a lifetime free card.
  • Provides 5% cashback for early payment of credit card bills.
• Cons:
  • The cash credit redemption value of 1 Reward Point = Rs. 0.35 is relatively low.
  • Does not offer any complimentary domestic or international lounge access.
  • Lacks a fuel surcharge waiver.
  • High foreign currency markup of 3.5%.

Important Product Details

• This is a virtual credit card, eliminating the need to physically carry it and enhancing security for digital payments.
• The card features a unique transaction-based rewards program where the number of reward points earned per transaction increases after specific transaction milestones within a statement cycle.
• A loyalty bonus rewards program offers 2X Reward Points on all spends in the 12th month of an anniversary year, provided the card has been active for the preceding 11 months.
• Cardholders receive a 5% cashback annually for making credit card bill payments within seven days of statement generation.
• The card includes 'Total Protect', a first-of-its-kind insurance program that covers counterfeit fraud up to the credit limit.
• An Air Accident Cover of up to Rs. 1 Lakh is provided.

Other Details

• The Zomato Gold membership is a one-time benefit provided only during the first year of card membership.
• Zomato Gold activation codes are valid for a period of 30 days from the date of communication, and the membership validity is 3 months from the date of activation of the code.
• The Zomato Gold membership will not be extended or renewed under any circumstances.
• The maximum number of Reward Points a cardholder can earn in a statement cycle is capped up to the credit limit.
• For any queries, customers can reach out to priority.care@indusind.com.
• Most Important Terms and Conditions (MITC) and the Card Holder's Agreement are available for review.